Crypto and Web3 Outlook 2024: Innovations in User Experience Driving Adoption

<p>The trend that will shape the crypto and Web 3 space in
2024 is the role of AI as a game maker, which is the concept of using AI to
generate, design, and develop games. It can provide various advantages for game-making, such as speed, scale, and diversity. In this second part of my predictions for crypto and Web 3 in 2024, I will delve into an in-depth analysis of crypto and Web 3. </p><p>The first part of the series discussed <a href="https://www.financemagnates.com/cryptocurrency/ai-and-blockchain-convergence-to-reshape-crypto-and-web3-in-2024/">user experience in relation to the adoption of crypto, and the role of AI</a>. </p><p>AI Becomes a Game Maker</p><p>AI can also create games faster than human developers, as it
can automate the processes of coding, testing, and debugging. This allows games
at a larger scale than human developers, as it can produce infinite variations,
combinations, and permutations of game elements, such as rules, mechanics,
levels, or genres. Thus bringing in more diversity than human developers, as it
can generate novel, original, and surprising game elements, such as themes,
stories, characters, or aesthetics.</p><p>Just a few months back, I was exploring different <a href="https://www.financemagnates.com/thought-leadership/how-artificial-intelligence-boosts-the-adoption-of-gaming-systems/">AI game
generators</a> from G3D.ai, GPTGame.app to Scenario.com. Honest speaking, some of
these work very well. Games can be created with more adaptability than human
developers, as it can adjust the game difficulty, content, and feedback based
on the player’s preferences, skills, and behaviors.</p><p>Therefore, in 2024, I predict that we will see a significant
improvement in formal verification thanks to several factors:</p><ul><li>Easier
access: The first factor that will improve the formal verification is easier access, which is the concept of making the formal verification
more available and accessible for the crypto and <a href="https://www.financemagnates.com/trending/what-is-web3-ultimate-guide/">Web3 community</a>, by
lowering the barriers of entry, such as skills, tools, and languages.
Easier access involves various methods, such as education, documentation,
and tutorials, that can teach and train the developers, users, and
auditors on the basics, principles, and practices of formal
verification. Easier access also involves various solutions, such as
frameworks, libraries, and templates, that can provide and support the
developers, users, and auditors, with the necessary tools, languages, and
resources, to perform formal verification. Easier access also involves
various incentives, such as grants, bounties, and competitions, that can
motivate and reward the developers, users, and auditors for participating
and contributing to the formal verification.</li><li>Automated
verification: The second factor that will improve formal
verification is the automated verification, which is the concept of using<a href="https://www.financemagnates.com/fintech/generative-ai-a-game-changer-for-public-sector-automation/">
AI to automate and optimize the formal verification process</a> by reducing
the human intervention, effort, and error in the process. Automated
verification involves various techniques, such as machine learning,
natural language processing, or computer vision, that can enable the AI to
learn, understand, and analyze the system, such as the software, hardware,
or protocol, and its properties, such as the specification, model, or
behavior, and generate, execute, and verify the proofs, such as the
theorems, lemmas, or corollaries, that can demonstrate the correctness,
security, and reliability of the system.<p>Automated verification also
involves various benefits, such as speed, scale, and diversity, that can
enhance the performance, coverage, and quality of the formal verification
process.</p></li><li>Interactive
verification: The third factor that will improve the formal
verification is interactive verification, which is the concept of
using Web 3 to enable and facilitate the collaboration and communication
among the crypto and Web 3 community, in the formal verification process,
by leveraging the decentralized, transparent, and incentivized nature of
Web 3.Interactive verification involves various platforms, such as <a href="https://www.financemagnates.com/cryptocurrency/why-are-blockchain-oracles-the-life-blood-of-smart-contracts/">DAOs,
DApps, or NFTs</a>, that can empower and connect the developers, users, and
auditors to create, share, and verify the system, and its properties and
proofs in a peer-to-peer, trustless, and permissionless way. Interactive
verification also involves various mechanisms, such as tokens, governance,
or reputation, that can align and reward the interests, actions, and
outcomes, of the developers, users, and auditors, in the formal
verification process.</li></ul><p>NFTs Become Brand Assets</p><p>The other trend that will impact the crypto and Web3 space
in 2024 is the <a href="https://www.financemagnates.com/cryptocurrency/nfts-what-are-they-and-how-do-they-work/">NFTs</a>, which are non-fungible tokens that can represent unique
and scarce digital assets, such as art, music, games, or collectibles, and can
be owned, traded, or monetized by the users, on blockchains. They are popular
for users, as they can provide authenticity, provenance, and ownership, of
their digital assets, as well as creativity, expression, and identity of their
digital selves. </p><p>They are also popular for creators, as they can provide new
ways of creating, distributing, and NFTs are also popular for creators, as they
can provide new ways of creating, distributing, and monetizing their digital
works, as well as connecting, engaging, and rewarding their fans and
communities.</p><p>However, in 2024, I predict that we will see a new wave of
<a href="https://www.financemagnates.com/cryptocurrency/nfts-in-adtech-and-digital-art-everything-you-need-to-know/">NFTs that will become brand assets</a>, which are digital assets that can represent
the identity, value, and reputation of a brand, such as a company,
organization, or influencer, and can be owned, traded, or monetized by the
brand, on blockchains. Brand assets are important for brands, as they can
provide differentiation, recognition, and loyalty of their brand, as well as
innovation, expression, and impact, of their brand.</p><p>Some examples of NFTs as brand assets that will emerge or
expand in 2024 are:</p><ul><li>Nike
is a global sports brand that produces and sells footwear, apparel,
equipment, and accessories for various sports and fitness activities.
Nike is also a pioneer in using NFTs as brand assets, as it has launched
its own NFT platform, called CryptoKicks, which allows users to buy, sell,
and trade digital sneakers, that are NFTs that have different designs,
features, and values. Users can also customize, personalize, and animate
their CryptoKicks using the platform’s tools, such as NikeID, which
allows users to design and create their own NFTs, or NikeAR, which allows
users to view and interact with their NFTs, using augmented reality. I
hope to see more developments in 2024.</li><li>Oracle
Red Bull Racing is another sports brand that I would mention. They have
launched a <a href="https://www.financemagnates.com/cryptocurrency/education-centre/the-nft-boom-investing-in-digital-art-and-collectibles/">series of NFTs</a> called The Velocity Series with Bybit. They have
involved leading artists: Rik Oostenbroek, Per Kristian Stoveland, Erick
Snowfro and Jack Butcher. They have done extremely well in the bear market, where basically no one is talking about NFT. This series has been the most
high-end and successful Web 3 digital art membership and artist drop in
the last two years. The series has not only showcased artistic brilliance
but also created a unique blend of art, technology, and racing excitement.
Its global reach and innovative activations have made a lasting impact,
setting new standards in the Web3 art community. With full disclosure, I
am part of this drop, and I am delighted to see it from the start to the
end. Although I will not be part of the team in 2024, I am still very
excited to see what they will do in 2024.</li></ul><blockquote><p lang="en" dir="ltr">Japan's rising as a 'crypto and Web3 powerhouse' signals a transformative shift in global finance, contrasting with South Korea's stricter approach.