Three major opportunities in the cryptocurrency industry! Vitalik Buterin: Large-scale wallet adoption, anti-inflation stablecoins, Ethereum registration infrastructure

Ethereum co-founder Vitalik Buterin discussed his outlook on the cryptocurrency industry in 2023 and shared three unrealized and highly promising applications in the cryptocurrency space during an interview with Bankless.

During an interview, David Hoffman, the founder and host of Bankless, pointed out that the wave of decentralized application adoption seems to have come to an end. With increasing competition, multiple institutions closing down, and a spreading crisis of trust leading to a decrease in users, the opportunities for developers to build new Dapps in the cryptocurrency field are diminishing. In response to this, Vitalik Buterin shared three major application cases where he believes developers still have significant opportunities in the future.

Firstly, Vitalik believes that developers need to focus more on developing wallet infrastructure to make it more user-friendly.

"If you can create a wallet that a billion people are willing to use, that would be a massive opportunity."

Furthermore, Vitalik Buterin also pointed out that creating a "resistant to inflation and globally accessible stablecoin" that can withstand various risks, including on-chain and broader macroeconomic risks, will be a breakthrough in the future of the industry. However, Vitalik did not provide any substantial technical advice on how to achieve this goal.

Lastly, Vitalik shared a less-discussed but promising application, the "Ethereum-based web login infrastructure." Many applications now allow users to register and log in directly through accounts such as Facebook, Google, and Twitter. Vitalik stated that if a web login infrastructure based on Ethereum could be developed to take login rights away from centralized monopolies like Facebook, Google, Twitter, and other companies, it would ultimately give Ethereum a greater dominance in the internet-based application market:

"If you can log in through Ethereum, if you can replace Facebook, Google, and Twitter as the login overlords of the internet, that itself is a massive opportunity, right?"

However, Vitalik Buterin also admitted that due to increased competition and a maturing market, opportunities to fill market gaps are not as obvious as they used to be.

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