Multicoin Capital 2024 Outlook: Exchanges Will Be More Like Social Platforms, Stablecoins Will Reduce Global Remittance Costs

ChainCatcher news, Multicoin Capital released its 2024 outlook, covering the following key areas:

1. Predicting that future exchanges will resemble social platforms more, with asset pricing relying more on social attention rather than traditional metrics.
2. Optimistic about the NFT space, believing that blockchain solves issues in collectibles, and expects to foster new social networks for collectors.
3. Positive about consumer-facing remittance applications and opportunities for providing B2B SaaS services to physical remittance operators. It is anticipated that stablecoins will reduce global remittance costs.
4. Predicting that cryptocurrencies will shift from being products themselves to driving economic outcomes across industries, emphasizing real-world application scenarios.
5. Expecting significant growth in on-chain data in 2024, calling for more reasonable handling of on-chain social data to build solutions that better meet the needs of social products.
6. Noting that new token distribution methods will adopt DePIN and Points to attract new users to participate in the cryptocurrency ecosystem.
7. Emphasizing the importance of composability at the UI level and client-side zero-knowledge proofs in protecting user privacy.