In a recent Twitter thread, Alex Svanevik, the CEO of Nansen.ai, delved into six key trends he believes will significantly impact the cryptocurrency landscape in the coming cycle. The detailed thread, posted on October 6, 2023, underscored the blending of fintech with crypto, the potential of decentralized finance (DeFi) in gambling, the rise of Real World Assets (RWAs) like T-bills, the promise and challenges of Web3 gaming, the emergence of SocialFi, and the innovative intersection of Physical NFTs with mainstream retail.
Fintech and Crypto Convergence
Svanevik noted the growing integration of fintech frontends with crypto backends, referencing PayPal’s venture into stablecoins and Revolut’s support for ETH staking. He also mentioned crypto startups like BasedApp HQ that are increasingly resembling fintech products, forecasting a long-term shift where cryptocurrency technology overhauls traditional fintech backends.
DeFi…
