What to expect for Web3 in 2024

Reflecting on 2023

At the end of 2022, we made 12 predictions, spanning the areas of gaming, NFTs and digital goods, and Ethereum and blockchain infrastructure. 

By our own assessment, we were (mostly) right — with seven correct calls, two misses and three partially right/partially wrong. We were right in our predictions around OpenSea market share, Polygon NFTs, off-exchange custody, deflationary ETH, decreasing hacks, continued regulatory uncertainty and Apple’s pesky 30% tax (which is looking increasingly fragile post Epic Games’ big win over Google on Dec. 11, 2023). 

Our biggest miss was volume and revenue associated with brand NFTs. While optional royalties and bear market…

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