Web3 Hand-copied Newspaper: This week's industry hotspots and explosions that should not be missed

Foresight News gives you a quick look at this week’s trending topics and recommendations:

01 2023 Foresight News Year-End Series

“Year-end Inventory|On a Light and Breezy Day, the Layer2 War Undercurrent is surging”

“On the eve of the outbreak of Web3 games: taking stock of the big players who have entered the threshold of tens of millions of financing”

“2023 Anxious Moments Collection: A Hundred Times and a Thousand Times Everywhere, You Must Be Free”

Top 10 Events of the Year 2023: Hong Kong, Binance, BlackRock ··· 》

02 “Year of the Dragon Fried Dragon” Concept Inventory

"Under the wave of MEME, the concept inventory of the mainstream public chain “Dragon Year Fried Dragon”

03 Industry Thinking

New Vitalik: Recreating Ethereum’s Cypherpunk World

“Is AI-assisted escape metaphysics? We talked to an AI strategy fund manager”

Is flatcoin endorsed by Coinbase’s founders a good idea?

04 Trends & Prospects

The Bull Market is coming, these 10 trends you need to focus on

Gracy Chen, Managing Director of Bitget: 6 Crypto Events to Look Forward to in 2024

Delphi Annual Blockchain Game Report Quick Facts: 2023 and 2024

01 2023 Foresight News Year-End Series

As 2023 draws to a close, Foresight News’ 2023 end-of-year series will cap off the year. Looking back at the progress of mainstream Layer2 and some potential Layer2 in the past year, although there is no fair launch like Bitcoin inscriptions, and the ecological recovery of non-EVM public chains has ushered in a lot of heat, it still insists on achieving decentralization in all aspects of the ecology. Recommended Articles:

"Year-end Inventory|In the days when the clouds are light and the wind is light, the undercurrent of the Layer2 war is surging

In the past year OP mainstream Layer 2s such as Mainnet, Arbitrum, zkSync Era, Starknet, and Polygon zkEVM have been actively developing their own customized Layer 2 and Layer 3 solutions, trying to further solve the problem of Transaction Cost and scalability through modularity. In this field, OP Mainnet has taken more initiative with its first-mover advantage and institutional ecology. Mainnets such as zkSync Era, Scroll, Polygon zkEVM, Base, opBNB, and Linea have been launched successively, and their technical advantages, Airdrop expectations, and ecological applications have left users with enough imagination. In addition, Base, Blast, and ZKFair won many markets in the second half of the year with their savage play.

Web3 gaming is considered to be one of the most dynamic areas on the path to mass adoption of Web3, bringing real ownership and financial incentives to players, and opening up new possibilities for the gaming industry. For Web3 games that have raised more than $10 million, Foresight News has conducted a comprehensive inventory. Recommended Articles:

On the eve of the outbreak of Web3 games, take stock of the big players who have entered the financing threshold of tens of millions****

Foresight News has rounded up about 30 game studios and more than 70 Web3 games across categories such as MMO/RPG, card games, Metaverse building, competitive and more. Of the Web3 games that raised more than $10 million, about 60% of them raised money in 2022. In addition, there is no shortage of game studios that have raised more than hundreds of millions of dollars, including Mythical Games, Dapper Labs, Mythical Games, Animoca Brands, etc., as well as leading game developers and publishers such as Nexon to enter Web3 and launch a $100 million Web3 fund.

It should be emphasized that large funding does not mean that the game has a high probability of success, and the Web3 gaming industry as a whole faces many challenges and uncertainties, such as technology maturity, business model sustainability, game quality, etc.

In each wave of encrypted narratives, there are uninterrupted “stories of getting rich” appearing in the field of vision, repeatedly stirring everyone’s nerves. Foresight News has deliberately captured the “enviable” stories of getting rich that have been widely circulated this year. Recommended Articles:

"2023 Anxious Moments Collection: Hundreds of times and thousands of times everywhere, you must be free

If UNI, 1INCH and other TokenAirdrop in 2020 are rewards for industry participants with a keen sense of smell and willingness to try new things, then this year, with the high valuation of the top projects in the early stage and the Airdrop hunters becoming more and more “rolled”, the probability of “low cost and high return” in the whole track is getting smaller and smaller.

The inscriptions and memes are undoubtedly different from many previous large-scale investment and financing projects and the traditional narrative logic dominated by VC, giving more ordinary people the possibility to participate in the OG and Whale:

It is precisely because of this that the inscription craze and the meme tide have given more people the opportunity to overtake in corners, which will attract a wider range of funds and user base to participate, thus presenting us with one after another myths of getting rich this year.

From the perspective of probability, the flow of the story of getting rich between different narratives is behind the change of the probability of running out of different tracks, the logic of the crypto market has always been a grass snake gray line, and the value discovery of all conceptual plates or specific currencies has its own internal development logic.

“Learning from History” and reviewing the major events that have occurred in the Web3 industry in 2023 can not only define the development trajectory of the past year, but also indicate the possible future development direction. Recommended Articles:

Top 10 Annual Events of 2023: Hong Kong, Binance, BlackRock ··· 》

2023 first ushered in the Airdrop of BLUR and ARB in the “flat”, in April, Ethereum successfully upgraded Shanghai, in the middle of the year, the good news continued in the middle of the year, Hong Kong officially implemented crypto-friendly policies, financial giants applied for BitcoinSpot ETFs one after another, Ripple and Grayscale defeated the US SEC twice in lawsuits, in October and November, the FTX trial and Binance’s huge fines brought crypto exchanges into focus, and the year-end focus shifted to inscriptions and memes.

02 “Year of the Dragon” concept inventory

The 2024 Lunar New Year is coming, and the “Dragon” concept Memecoin and inscription projects have emerged on major public chains. Foresight News has taken stock of the recent “dragon” concept Memecoin and inscription projects on major public chains, and recommends articles:

"UNDER THE WAVE OF **** MEME, THE MAINSTREAM PUBLIC CHAIN “DRAGON YEAR FRIED DRAGON” CONCEPT INVENTORY****

The rise of the concept of “dragon” is not just the influence of Chinese elements, on the contrary, it originated in the West. During Halloween 2023, Solana co-creator Anatoly Yakovenko appeared at the Solana Breakpoint 2023 meet-and-greet in Amsterdam wearing a “Silly Dragon” costume, and soon after, “Silly Dragon” was launched on Solana, and after getting Anatoly’s attention, Silly Dragon has risen by more than 80 times, and broke through 0.13 USDT today, hitting a record high.

03 Industry Thinking

A lot of people first come into contact with Crypto Assets to get rich, but then they stay and become fanatical believers in building a more open and Decentralization world. Recommended Articles:

**Vitalik New Work: Recreating Ethereum’s Cypherpunk World

term “Web3” was originally coined by Ethereum co-founder Gavin Wood as a different way of thinking about what Ethereum is: Rather than seeing Ethereum as “Bitcoin + Smart Contract” as I did at first, Gavin sees it more broadly as the foundational layer of a more open Internet stack made up of a set of technologies working together.

"You think that going up and down is just a game of buying and selling power in the market, but AI can see things in a higher dimension. As Xin Liu, manager of AI strategy at Everest Link Capital, said, AI can execute trading strategies without emotion through a large amount of data analysis and learning, and can find clues in the candlestick that may not be discovered by humans. Recommended Articles:

"Is it metaphysics that AI-assisted escape from the top?We chatted with an AI strategy fund manager****

AI Depth learning, simply put, it is a way to use artificial intelligence to imitate human neurons to think, pictures are the simplest model, the inputs layer represents the input information, the output layer refers to the final output information, and the middle layer is collectively called the hidden layer, and the hidden layer is extremely complex and exquisite. Instead of humans manually defining features, AI Depth Learning can automatically learn and extract features from raw data. The areas of regular learning are price trends, volume changes, market sentiment, etc. Therefore, AI Depth Learning has the characteristics of nonlinearity and adaptability, coupled with the ability of computers to process large-scale data, so that AI simulated neuronal systems have the ability to surpass human cognition of the essence of things in some fields.

A few months ago, an article on the top 10 areas of focus of Coinbase’s founders and the projects they represent brought flatcoin a lot of attention. Nouriel Roubini, the number one hater of Crypto Assets and “Dr. Doom”, is also about to launch a crypto flatcoin. What exactly is flatcoin, is it a good idea?Recommended Articles:

"Is flatcoin endorsed by the founder of Coinbase a good idea?****

Roubini and Coinbase market flatcoin as a Blockchain-specific species, but the concept can also be packaged as a traditional financial product without Blockchain. Imagine a Wells Fargo bank account holding a fixed balance of $100 that grows by 3-4% per year. Or imagine a kind of note (flatnote) where the issuer pegges its purchasing power to Inflation by promising to buy back at a higher price.

Roubini sees flatcoin as a potential “global means of payment.” As far as currency/payment technology is concerned, I disagree. I think flatcoin is an evolutionary dead end.

04 Trends & Outlook

The horn of the Bull Market has sounded, and what tracks and projects do we need to focus on in 2024?

"** Bull Market is coming, these 10 trends you need to focus on****

Below is a list of 10 trends and project representatives to watch in the coming year.

Bull Market has arrived, and Bitget Managing Director Gracy Chen summarized the six most anticipated events in the crypto industry in 2024. Recommended Articles:

Gracy Chen, Managing Director of Bitget: 6 Crypto Events to Look Forward to in 2024

In 2024, I believe there are six different catalysts that are areas of interest for market participants that will create new investment opportunities.

1.SpotBitcoin ETF is approved in the United States

2.Ethereum Cancun upgrade

3. The U.S. ends raising interest rates

4.Circle IPO

5.BitcoinHalving

6. The FTX case is about to be resolved

Crypto research firm Delphi Digital has released an annual report on Web3 gaming, and crypto researcher Stacy Muur summarizes 20 takeaways from the report. Recommended Articles:

Delphi Annual Blockchain Game Report Quick Facts: 2023 and 2024 Ready to Go

total Market Cap of 183 game projects in 2023 stabilized between $40 and $70 throughout the year, down 86% from 2022’s all-time high. But there is still huge growth potential in the gaming industry.