Revolution

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The revolution of crypto apps on the top of social media platforms and messengers will finally change the narrative in crypto adoption. Not every blockchain team should be happy about this, seasoned investor and researcher Chris Burniske warns.
<h2 id="crypto-apps-adoption-to-skyrocket-next-year-chris-burniske-says">Crypto apps' adoption to skyrocket next year, Chris Burniske says</h2>
In 2025, crypto apps are set to onboard tens to hundreds of millions of new users, just like OpenAI's ChatGPT bot is doing right now. Such a prediction was shared by Chris Burniske, Placeholder partner and former head of ARK Invest's crypto unit in X (formerly Twitter).
<blockquote>
 'Crypto apps' that hit next year will spin up users at a rate on par with ChatGPT -- users will onboard in the tens to hundreds of millions, en masse, quickly. We'll go from asking, "Where is the adoption?" to running around with our hair on fire with too much adoption.…— Chris Burniske (@cburniske) <a href="https://twitter.com/cburniske/status/1796251315880013872?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 30, 2024</a>
</blockquote>
The hotly anticipated massive adoption will bring in a new generation of users en masse, and much faster than in previous periods. Crypto is expected to benefit from its unfair advantage, i.e., its status as a unique financialized infrastructure directly intertwined with the social media phenomenon, the expert says.
The user inflow will be so gargantuan that the crypto sphere will move from "Where is the adoption?" to the "Too much adoption" phase in a few months, with developers "running around with hair on fire."
This radical change will amplify scalability issues with L1 and L2 blockchains; few modern blockchain environments are ready to handle the potential user flow properly.
As such, the seasoned expert recommends that everyone prepare for surprises.
As covered by U.Today previously, Chris Burniske shared his opinion about celebrity coin euphoria on Solana (SOL) blockchain.
<h2 id="chain-abstraction-to-help">Chain abstraction to help?</h2>
The synergy between social networks and crypto apps has already fueled the growth of new Web3 products, NEAR founder Illia Polosukhin added, commenting on the forecast by Burniske.
<blockquote>
 Yes, already happening with <a href="https://twitter.com/hotdao_?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@hotdao_</a> - first million within 10 days, 8 million now. 2m daily actives. Distribution via Telegram.Chain Abstraction powers this - no need to think about blockchains, just sign up and use apps.— Illia (root.near) (🇺🇦, ⋈) (@ilblackdragon) <a href="https://twitter.com/ilblackdragon/status/1796259213125255474?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 30, 2024</a>
</blockquote>
He recalled the success story of the NEAR-based decentralized validator network, which hit the two million daily user milestone in 10 days thanks to its integration with Telegram.
Technically, such moves become possible thanks to the chain abstraction concept, the NEAR founder opined. As covered by U.Today previously, NEAR has collaborated with Polygon Labs in this field from mid-January 2024.

Crypto ChatGPT-Style Revolution in 2025 Predicted by Top Analyst

Spis treści

U_Today

Inne artykuły opublikowane 31 maj 2024

Price Predictions for Terra Classic and Terra Luna

How Qubetics Whitelist Gives Ethereum and Tron a Good Run for Money

Upbit Lists BEAM on Multiple Trading Pairs

Early Investor In Shiba Inu (SHIB) Reveals Altcoin He's Betting on in the 2024 Bull Run, Gained 2...

XRP, Cardano (ADA), And Algotech (ALGT): Which Of These 3 Will Reach $1 First?

Ethereum Rebounds as Investors Begin Accumulation Trend: Here’s What to Expect Next

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!