EthCC Results through the Eyes of Insiders: Key Trends and Conclusions
EthCC, one of the most significant events in the cryptocurrency world, has concluded. It regularly attracts top programmers and investment funds.
Insiders note that while everyone is anticipating a bull run, there is also fear of a new bear phase. Conversations with key figures reveal the industry's direction. Here are the main trends to watch.
🤖Artificial Intelligence (AI)
The most promising non-financial applications are related to AI. It's recognized as the new disruptor, but predicting exactly where it will have the most impact remains challenging. It's akin to stepping out of the box in 2010 and buying Bitcoin when it was not yet obvious.
📱Telegram Apps
There is a clear understanding of the tremendous network effect from fast apps on Telegram and the extremely low traffic costs. However, monetization remains a question. The idea of selling ads is likened to running a shawarma kiosk: a lot of hustle with little income and much hassle. It appears that the potential retail narrative for this crypto bull market is Telegram mini apps.
🛡 TEE (Trusted Execution Environments)
This encompasses the blockchain infrastructure with more favorable transaction costs. Currently, TEEs resemble what Ordinals looked like nine months ago: promising but requiring further observation.
🎨UX (User Experience)
Those who can create easy-to-use and understandable interfaces will dominate the market. Web3 is largely plagued by ugly interfaces designed for coders, but user-friendly interfaces are needed for the general public (referred to as normies in English slang).
📝In summary
New narratives on Ethereum are not yet apparent, at least until the November DevCon.
However, it seems that the potential retail narrative for this crypto bull market is Telegram mini apps. Keep an eye on AI, Telegram Apps, TEE, and UX, and consider what might break through in 2024-2025.
Significant opportunities for profit are hidden within these areas.
