Starknet’ has shared its reflections and 2024 predictions with CI.
The selection of reflections and predictions are from key players within the Starknet ecosystem and StarkWare.
Starkware is reportedly “the main developer behind StarkNet, a layer-2 blockchain in the Ethereum ecosystem.”
Eli Ben-Sasson, co-founder and president of StarkWare has shared:
Surviving 2023’s winter:
“2023 was another year of winter and cleaning up. We were dealing with the aftermath of the implosion of FTX in November 2022, and several other collapses. We are now operating under a regulatory regime that rightfully is asking tougher questions but also along the way is making things harder. We saw the US shutting down its three most crypto-friendly banks in a very chilly approach to crypto.”
The crypto winter will thaw:
“I’m very bullish on next year. Winter only lasts so long and Starknet is going to become more mature over the next year in terms of capacity, low costs and the agility of the ecosystem and applications on it. More action, more capital and more users will flow to Starknet.”
Bitcoin ETF implications:
“Our market goes in cycles and already there’s more interest again from traditional players coming to check out the technology in light of increased conversations around the spot bitcoin and ether ETFs in the US. If the ETFs approved, we expect to see much broader adoption of crypto assets, which will be a net positive for ecosystems like Starknet.”
Blockchain gaming:
“I expect blockchain gaming to really come into its own in 2024. A lot of progress has been made on the infrastructure side this year to enable blockchain gaming. With lots of capital being poured into Web3 gaming in recent years, I suspect we will start to see the fruits of that labor next year.”
Uri Kolodny, co-founder and CEO of Starkware has shared:
2023’s crypto cleanup:
“The focus is on the builders who are tackling some of Web3’s biggest infrastructure and user experience issues. These builders are now receiving the capital instead of the big brands, which is exciting as it paves the way for more even projects to come in 2024 and start innovating with these tools.”
2024 — the year of advancement:
“2024 will be very much a year of technological change. Layer 2s and scalability solutions will see major technological advancements in terms of capacity and volumes, which will enable them to do more within existing blockchain infrastructures and develop solutions that weren’t previously feasible.”
AI/Web3:
“Following on from the OpenAI saga toward the end of this year, I expect we will see continued conversations in 2024 about how we can accelerate AI development without compromising on safety and security. I believe Web3 and crypto will really come into its own here and we will start to see developments where blockchain technology can be used to counteract potentially unsafe AI generated content that could undermine our democracies such as bots and deep fakes. I am also excited to see how the Web3 ethos could be used to democratize AI development and create decentralized AI networks.”
Abdelhamid Bakhta, Starknet ecosystem lead and core Ethereum developer has shared the following:
Ethereum & EIP-4844:
“This year in the Ethereum ecosystem, we have seen a real shift toward the rollup centric roadmap and all the efforts to make Ethereum a great place for roll ups, which in turn help scale Ethereum, particularly with the progress on EIP-4844. This upgrade will be a net benefit for all rollups and it should be live on Mainnet around the end of Q1 of 2024.”
Modular vs monolithic blockchains:
“We’ve also seen a consolidation on the modular thesis and exciting developments in this space as more and more hybrid solutions come to market such as Ethereum roll ups using Celestia as the data availability layer. Meanwhile we also have blockchains like Solana continuing in its monolithic direction and saying no to Layer 2s because they view them as bad for liquidity and the user experience. It will be interesting to watch these two narratives play out in 2024 especially as some Ethereum rollups explore using the Solana virtual machine,”