Popular crypto analyst Jamie Coutts has identified five key trends that will shape the mainstream adoption of blockchain technology. Coutts also evaluated the significance of these trends for the markets in the coming periods.
According to Coutts, payment systems, account abstraction, real-world assets, NFTs/games, and artificial intelligence will accelerate the global use of blockchain technology. The analyst predicts that stablecoins will be “used everywhere” in advanced and emerging economies when it comes to payments.
Account abstraction aims to enable users to process smart contracts without transferring their funds to a contract. Additionally, Coutts noted that account abstraction will transform the web3 user experience into web2 and enable the creation of “next-generation programmable financial products.”
In terms of real-world assets, the analyst highlighted the approaching “tokenization supernova” and drew attention to a report suggesting that the tokenization sector could scale between $3.5 trillion and $10 trillion by 2030.
Coutts discussed the scalability of blockchain in preparation for the mass adoption of NFTs and argued that NFTs will be at the center of company customer loyalty strategies. He also mentioned that smart contract wallets will enable people to interact with artificial intelligence on the chain.