Decentralised Blockchain and Web3 usage is exploding, even as centralised crypto operators such as FTX experience challenges. Below are 9 key Web3 concepts for the year ahead.

DeFi

Decentralized finance (DeFi) platforms are gaining popularity as they offer alternatives to traditional financial services, such as lending, borrowing, and trading, without the need for intermediaries. This trend is driven by the rising demand for more accessible, transparent, and secure financial services, as well as the potential for higher yields on investments.

NFTs

Non-fungible tokens (NFTs) are gaining traction as a way to represent unique digital assets and collectibles, such as art, music, and virtual real estate. This trend is driven by the growing popularity of blockchain-based games, virtual worlds, and other digital platforms, as well as the potential for NFTs to unlock new business models and revenue streams.

DAOs

Decentralized autonomous organizations (DAOs) are gaining attention as a way to enable decentralized governance and decision-making for communities and projects on blockchain networks. This trend is driven by the need for more transparent and accountable governance models, as well as the potential for DAOs to enable more inclusive and collaborative communities.

Decentralised Storage

Decentralized storage solutions, such as InterPlanetary File System (IPFS), are gaining attention as a way to store and share digital content on blockchain networks. This trend is driven by the need for more secure and decentralized ways to store and access data, as well as the potential for IPFS and other decentralized storage solutions to unlock new business models and revenue streams.

Identity

Decentralized identity solutions are gaining traction as a way to enable individuals and organizations to securely and privately manage their digital identities on blockchain networks. This trend is driven by the need for more secure and private ways to authenticate and authorize access to digital services, as well as the potential for decentralized identity solutions to unlock new use cases and value.

dApps

Decentralized applications (dApps) are gaining attention as a way to enable new business models and services on blockchain networks. This trend is driven by the growing popularity of blockchain-based platforms and ecosystems, as well as the potential for dApps to enable more decentralized, open, and inclusive services in various industries, such as gaming, supply chain, and social media.

Oracles

Decentralized oracles are becoming increasingly important as a way to provide reliable data feeds and smart contract execution on blockchain networks. This trend is driven by the need for more trustworthy and secure ways to access external data and events, as well as the potential for decentralized oracles to unlock new use cases and value.

L2s

Layer 2 protocols and sidechains are gaining attention as a way to improve the scalability and performance of blockchain networks. These solutions are aimed at offloading some of the workload from the main blockchain network, in order to improve transaction speed and throughput. This trend is driven by the need for blockchain networks to support more users and applications, as well as the potential for layer 2 protocols and sidechains to unlock new use cases and value.

DEXs

Decentralized exchanges (DEXs) are gaining popularity as a way to enable peer-to-peer trading of cryptocurrencies and other assets on blockchain networks. This trend is driven by the growing demand for more accessible, transparent, and secure ways to trade digital assets, as well as the potential for DEXs to unlock new business models and revenue streams.