Vitalik Buterin reveals 3 major opportunities for crypto space in 2023
Ethereum co-founder Vitalik Buterin has shared three major opportunities to be realized in crypto mass wallet adoption inflation resistant stablecoin and Ethereum-powered website logins.
If you are a developer who wants to build something in the crypto industry these 3 ideas could come in handy.
According to Vitalik these opportunities in an interview with David Hoffman said that the adoption phase of decentralized applications is over developers have few chances to build something for mass adoption.
Vitalik instead shrugged off the limbo period that Hoffman eluded to firstly suggesting that more developments need to be made on wallet infrastructure to make crypto easier for everyday users to use and ensure that it is capable of onboarding billions of users.
Buterin expressed the creation of a hyperinflation-resistant and globally accessible stablecoin that can withstand all types of conditions.
"if you can make a stablecoin that can actually survive anything up to and including a U.S dollar hyperinflation...that's a huge opprtunity as well if you can create something that will feel like a lifeline for everyone going through that situation."
Buterin offers any technical suggestions as to how this could be achieved.
Buterin said that any technical developments contribute toward Ethereum taking login powers away from Facebook, Google, Twitter and other centralized would ultimately enable. Ethereum to capture more market dominance on internet-based applications.
"if you can get signed in with Ethereum to work and if you can unseal Facebook and Google and Twitter login overlords of the internet that itself is a huge opportunity right?"
Buterin said that the opportunity to fill market gaps was becoming less obvious due to increasing competition and the maturation of the market.
Buterin appears to have spent the last few weeks sharing his learnings and advice for the crypto space including optimism about the years ahead for the industry.
Buterin stated on Dec 5 that blockchain-based identity DAO and hybrid applications excite him about the future of Ethereum and decentralized technologies.