Analysis of Future Development Trends in the Web3 Field

Recently, the development in the Web3 field has shown some new trends and directions that deserve our in-depth attention. Here are several key areas that may continue to ferment in the near future:

1. The Integration of Social and Consumption Scenarios

Web3 is gradually extending from the financial sector to the social sector. Some recent projects are attempting to introduce tokenization mechanisms into social interactions to change users' social behavior patterns. As on-chain transactions become increasingly popular, stablecoins will become more important as a bridge between traditional finance and decentralized finance.

At the same time, advancements in generative AI technology are expected to bring a more personalized and streamlined user experience to Web3. The increased abstraction level of AI may lower the entry barrier for ordinary users to Web3, allowing those without a technical background to access blockchain data more easily.

2. Zero-Knowledge Proofs Drive Modular Development

Zero-Knowledge Proof (ZKP) technology is continuously evolving, making significant progress in both theoretical breakthroughs and practical applications. An increasing number of companies are beginning to focus on niche areas of ZKP, such as collaborative processing, proof execution, zkDevOps, and privacy protection layers.

The maturity of ZKP technology has made it possible for the modularization of the blockchain technology stack. Modularization means that different levels of the blockchain (such as consensus, execution, data availability, etc.) can be managed by different providers. This "plug-and-play" architecture enhances the composability of the blockchain. Developers can customize the blockchain technology stack according to specific application requirements, and using general-purpose languages like Rust to enhance the composability of smart contracts helps lower the barriers to Web3 development.

3. The Revival of the Bitcoin Ecosystem

On the eve of the Bitcoin halving in 2024, the entire Bitcoin ecosystem has once again become the focus. This includes the Bitcoin ETFs that traditional financial institutions may launch, as well as the modular Bitcoin blockchain that supports more composable smart contracts.

Particularly noteworthy is the rise of Bitcoin digital assets based on technologies like Ordinals. This could lead to a differentiation in the use of NFTs: NFTs on Ethereum may focus more on trading utility, while NFTs on Bitcoin might evolve into a form of "digital jewelry" due to their unique cultural significance, becoming a new form of art and fashion collectibles.

With the development of these trends, the Web3 space is expected to usher in a new wave of innovation, providing users with a richer and more convenient blockchain application experience.