Harrison Seletsky, director of business development at digital identity platform SPACE ID, predicts 2025 will be the year privacy comes into focus as the EU launches the digital euro and organizations battle data leaks.
He also expects to see a proliferation of AI agents launching financial products and says NFTs are “coming back – but not like in 2021.”
Harrison Seletsky, director of business development at digital identity platform SPACE ID, says:
“I’ve seen several developments in 2024 that I expect to accelerate in 2025. Firstly, privacy is becoming a more important consideration not only for crypto users, but for centralized entities and even governments. We can see this in Europe’s blueprints for the digital euro, which target a “cash-like” level of privacy. There are also increasing concerns over data breaches, with anyone from AT&T to major healthcare providers experiencing data leaks this year. So a renewed focus on decentralized data storage and cybersecurity is on the agenda for 2025.”
They added:
“The second trend I see in 2025 is the rise of AI agents. Already, we’ve witnessed the success of memecoins and other projects backed by AI, like GOAT and AI16Z, and we’re going to see a lot more of this. Not only will AI agents launch memecoins, but they will be able to create entire DeFi ecosystems. This will, however, increase the risks of fraud and the question of authentication will become crucial. Similarly, we’ll see a greater need for humanity checks as it becomes harder and harder to distinguish between human and AI.”
Seletsky also mentioned that last, but not least, they see a “revival and a maturation of the NFT market.”
They pointed out that although people will continue to speculate on NFTs (though not to the “same extent they do with memecoins), they will increasingly be used for “more utility-based purposes, such as for identity verification or proof of ownership.”
Seletsky concluded:
“Quietly, they will become an important part of everyday transactions, like buying tickets, doing KYC or owning gaming items. But don’t expect a resurgence of the 2021 NFT boom – the market is maturing, and so will NFTs.”