Research Summary
- AI Agents: Onchain entities autonomously interact with social, DeFi, or other apps. Enabled by identity standards (ERC-6551), these agents allow NFTs to own other NFTs and accumulate assets. Trends from the Web2 world suggest a rise in virtual beings.
- Decentralized Social: These are social products that give content ownership to creators rather than large platforms. They offer flexible monetization methods and aim to establish a new system for value flows across applications.
- Onchain Gaming / Autonomous Worlds (AWs): AWs have their game state/logic fully onchain. This allows developers and users to leverage the open and composable nature of crypto infrastructure. Open architecture lets anyone build games, items, or characters on a shared world layer.
- NFT Financialization: After the significant rise of the NFT market in 2021, the integration of NFTs with finance has gained attention. Most NFT financial apps developed since then offer loans against NFT collateral. New utilities for NFTs could push this trend further.
- Content Co-Creation: NFTs trace content contributions, creating a digital supply chain. This allows individual creators to get compensated for the success of a larger work. NFTs enable large-scale coordination among creators, a task previously limited to small teams.
- Digital / Physical Intersection: This bridges the physical and digital worlds within the crypto space. It allows physical goods to extend into the digital realm, offering new distribution methods for creators and novel ways to engage with owners.
Actionable Insights
- Explore AI Agents: Consider the potential of onchain entities that can autonomously interact with various apps. The ability of NFTs to own other NFTs can open up new avenues for asset accumulation.
- Leverage Decentralized Social: Focus on platforms that give content ownership back to creators. This can lead to more flexible monetization methods and a shift in value flows.
- Invest in Onchain Gaming: The open architecture of AWs offers a vast potential for developers and users. There’s an opportunity to build on top of a shared world layer.
- Dive into NFT Financialization: With the rise of NFTs, there’s a growing trend of merging them with finance. Look into applications that offer loans against NFT collateral.
- Promote Content Co-Creation: NFTs can revolutionize content creation by compensating individual contributors. This can lead to large-scale collaborations and innovative content.
- Bridge Digital and Physical: Explore ways to merge the physical and digital realms in the crypto space. This can lead to new distribution methods and enhanced engagement with owners.
