Ethereum co-founder Vitalik Buterin shared three unrealized “huge” opportunities in crypto: mass adoption of crypto wallets, inflation-resistant stablecoins, and access to Ethereum-powered websites.
duringinterviewWith Bankless co-owner David Hoffman, Buterin shared his views on the crypto industry in 2023, responding to Hoffman’s concerns about a “wave of broad adoption” for decentralized applications. It’s over, and there’s “fewer opportunities” for developers to come in and build new decentralized applications.
Buterin suggested that further development is needed in the wallet infrastructure to make crypto easier for the average person to use. and make sure it can support billions of users.
“If you build a wallet that can be used by billions of people. That would be a huge opportunity,” said the Ethereum co-founder.
Second, Buterin said, creating a stablecoin that is resistant to hyperinflation and accessible globally. It can withstand all types of conditions, both on-chain and in macroeconomic environments. This would be an industrial revolution.
“If you can create a stablecoin that can survive to the top. and high inflation with the US dollar. […] That is also a big opportunity.”
Finally, Buterin said that any technical developments that allow Ethereum to strip login power away from Facebook, Google, Twitter, and other centralized monopolies will ultimately allow Ethereum to gain more market dominance in the app. steep on the internet
“If you can sign in with Ethereum to work, and if you can dethrone Facebook, Google and Twitter from dominating the internet. That’s a great opportunity, isn’t it?”
However, Buterin argues that the opportunities to fill the market gap are becoming less clear. due to increased competition and market growth
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