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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

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    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

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Former Bloomberg Analyst Says AI, NFTs and Three More Crypto Use Cases Will Drive Blockchain Adoption

November 23, 2023
in Business
Former Bloomberg Analyst Says AI, NFTs and Three More Crypto Use Cases Will Drive Blockchain Adoption
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Crypto analyst Jamie Coutts says five key trends will drive the mainstream adoption of blockchain technology.

Coutts, a former crypto market analyst at Bloomberg Intelligence, says on the social media platform X that payments, account abstraction, real-world assets, non-fungible tokens (NFTs)/gaming, and artificial intelligence (AI) will all accelerate global blockchain usage.

In terms of payments, the analyst predicts that stablecoins will become “ubiquitous in developed and emerging economies.”

Account abstraction aims to enable smart contracts to function without requiring blockchain users to actually relinquish control of their funds to the contract, according to the Crypto Council for Innovation. Coutts believes account abstraction will meld the web3 user experience into web2 and enable “next-gen programmable financial products.”

In terms of real-world assets, the analyst predicts a “tokenization supernova is coming.” Coutts draws attention to a recent report from 21.co that suggests the tokenization sector could scale to between $3.5-$10 trillion by 2030. 21.co is the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer.

Coutts also says blockchain scaling is “priming NFTs for mass adoption,” arguing that non-fungible tokens will become central to corporate customer loyalty strategies.

Lastly, the analyst argues that “blockchains will bank the machines.”

“Smart contract wallets will allow humans to empower AI to transact on-chain.”

Generated Image: DALLE3

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoNews.com.au – https://cryptonews.com.au/news/former-bloomberg-analyst-says-ai-nfts-and-three-more-crypto-use-cases-will-drive-blockchain-adoption-112885/

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