Last week I've been reading about crypto trends for 2024 while preparing my next video (sorry, only for spanish speaking audience 😛).
I love analysing patterns when studying these trends. Patterns are those "trends" or concepts that repeat themselves across different industries or modalities. The best way to identify them is to take a broad perspective and have a macro view of what a project contributes to the Web3 space. A clear example is the pattern of general-purpose blockchains, established by Ethereum with its programming language Solidity and its execution environment, the EVM (Ethereum Virtual Machine). This led to the emergence of many "EVM-compatible" blockchains, following Ethereum's model with some variations. This pattern has become a clear trend. 🚀
When reading about these trends, I discover patterns that are not so obvious, like small hidden signals indicating the general direction of the space 🤫.
To be more specific: the concept of DePINS (Decentralised Infrastructure Networks) caught my attention, as well as the idea of combining AI and Blockchain, where anyone can contribute datasets or computational power in exchange for a reward. Services like decentralized storage on blockchains such as Arweave, Sia, FileCoin, or Storj show a similar pattern to that of DePINS and AI+Blockchain.
👀 Do you see the pattern?
What emerges in several of these projects and ideas is what is known as a "two-sided decentralised marketplace" 🤝🏻. Whether contributing computational power, bandwidth, datasets, or storage space, all these trends follow the same pattern: a decentralised and permisionless market where anyone can be a consumer and/or a provider.
This pattern is observed in blockchains in general. Anyone can run their own node or validator, contributing their computational power to the network in exchange for rewards. This same pattern repeats across different layers of blockchain architecture.
With DePIN, we can delve deeper and decentralise the infrastructure, creating an open market. We could have a decentralised internet network with various providers (nodes) rewarded for sharing their bandwith. Then, at the storage layer of the blockchain infrastructure, we could start participating as digital storage providers through the mentioned projects.
In this way, we can traverse the different layers of infrastructure applying the same open market model, becoming “prosumers” (producers and consumers) at every layer of the tech stack. 🔄
The opportunity opened by blockchains is enormous because, generally, in the web2 space, creating a supply and demand market in the digital world is one of the most complex challenges. Think of all the marketplaces we know today in web2, like Uber, Instagram, Facebook; all social networks are marketplaces and are VERY difficult to create, keep profitable, and enduring over time. That's why only one or two dominate each niche.
The pattern of the open decentralised market will define web3 in the future. Infinite possibilities will open up to participate in these markets in any way we want. We are before a wonderful world, and we are part of the first brushstrokes of the web3 that we are outlining for our future.
🫵🏻 Are you ready to take advantage of the opportunities of the coming world?
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