Research Summary
The report discusses six key narratives that are expected to shape the crypto landscape in the coming years. These include crypto-native betting and gambling, fintech frontends with crypto backends, tokenized treasuries, blockchain gaming, social tokens, and physical NFTs. The report also highlights the potential of these sectors to drive growth and mainstream adoption of cryptocurrencies.
Key Takeaways
Crypto-Native Betting and Gambling
- Decentralized Advantage: The report suggests that decentralized finance (DeFi) has clear advantages for betting and gambling decentralized applications (dApps). These dApps can distribute funds transparently, and everything is proven on-chain.
- Revenue Sharing: The report highlights the potential of tokens like $RLB to generate revenue for its holders, with inflows of $140k in the last 7 days.
Fintech Frontends with Crypto Backends
- Digital Banking: The report discusses the rise of digital banking, which operates with a crypto backend. It suggests that users are generally unaware of this, and that crypto could eventually replace the financial backends of many fintech apps.
- Adoption of Crypto Features: Mainstream fintech apps like PayPal and Revolut are already experimenting with crypto features, further driving the adoption of cryptocurrencies.
Tokenized Treasuries
- Tokenization of Real-World Assets: The report discusses the tokenization of real-world assets (RWAs), such as government bonds, private equity, or credit. It suggests that stablecoins backed by USD Treasuries are likely to grow, continuing the evolution of stablecoins like USDC and USDT.
- Growth of Tokenized Treasuries Market: The tokenized treasuries market has grown sixfold this year to $685 million, with asset management firm Franklin Templeton being the biggest player.
Blockchain Gaming
- Entry of Giants: The report mentions that giants like Ubisoft are already making their moves into the blockchain gaming space, suggesting that this sector is heating up.
- Mass Adoption: The report suggests that gaming could be a key gateway to mass crypto adoption, despite criticism from traditional gamers.
Social Tokens
- Integration with Gaming and Metaverse: The report suggests that social tokens could integrate neatly with the gaming or metaverse narrative, pushing the social element further.
- Adoption Challenges: The report discusses the challenges of adopting a new social platform without the anticipation of a reward, and highlights the success of platforms like @friendtech in attracting new users.
Physical NFTs
- Evolution of NFTs: The report suggests that the next evolution for NFTs could move beyond just digital art or profile picture, to include varied combinations of value such as revenue sharing, ownership of a RWA, entrance ticket, and IP rights.
- Real Ownership: The report highlights the potential of physical NFTs to ground users in real ownership, as virtual worlds grow.
Actionable Insights
- Investigate the Potential of Crypto-Native Betting and Gambling: Consider the potential of DeFi in the betting and gambling sector, and the revenue-sharing opportunities offered by tokens like $RLB.
- Explore the Intersection of Fintech and Crypto: Look into the rise of digital banking with crypto backends, and the adoption of crypto features by mainstream fintech apps.
- Consider the Growth of Tokenized Treasuries: Reflect on the growth of the tokenized treasuries market and the potential of stablecoins backed by USD Treasuries.
- Assess the Potential of Blockchain Gaming: Consider the entry of giants like Ubisoft into the blockchain gaming space, and the potential of gaming as a gateway to mass crypto adoption.
- Examine the Role of Social Tokens: Look into the potential integration of social tokens with gaming and metaverse narratives, and the challenges and successes in adopting new social platforms.
- Explore the Evolution of NFTs: Reflect on the potential evolution of NFTs to include varied combinations of value, and the potential of physical NFTs to ground users in real ownership.
