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.
#ethcc2024 #EthCC

🚀 5 INSIGHTS FROM ETHCC 2024 IN BRUSSELS! 🟢

First of all, HAPPY 9TH BIRTHDAY to Ethereum! Yes, exactly today 9 years ago, Ethereum came to life with incredible opportunities for developers, crypto enthusiasts & the rest of the world! As the founder of the startup "Bonuz", which uses a lot of the technology Ethereum has to offer, I am super proud to be part of this incredible 9-year journey!

🚀 Here are 5 insights from my trip to the ETHCC 2024 event:

1️⃣ Web3 UX Progress 🛠️
Web3 user experience has vastly improved, with significant strides made since last year. Innovations like the MetaMask Delegation Toolkit show that practical solutions are now in play. Teams like Coinbase and ZeroDev are pioneering smart contract accounts, moving beyond mere discussions to actionable solutions.

2️⃣ Consumer Dapps Needed 📱
While UX has improved, the ecosystem still lacks engaging consumer dapps to attract the next billion users. The issue lies in funding priorities and regulatory clarity. Consensys is tackling these problems head-on, seeking regulatory clarity and funding innovative builders.

3️⃣ L2 Security Collaboration 🛡️
Layer 2 rollups are critical for Ethereum's scalability, with a focus on zero-knowledge rollups. Enhanced collaboration is needed to improve transparency and fraud-proof systems, addressing vulnerabilities and ensuring a secure, decentralized network.

4️⃣ AI and Blockchain Integration 🤖
The fusion of AI and blockchain could unlock new possibilities for dapps. AI's capabilities in data analytics and decision-making, combined with blockchain's transparency and security, promise innovative business models and operational efficiencies.

5️⃣ Power of Side Events 🌐
Side events at EthCC 2024 were pivotal for community building, offering intimate access to speakers and product teams. These events are essential for networking and collaboration.

💡 Everyone is talking about Bitcoin but don't sleep on sleepy giant!

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