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Since the start of the crypto winter in 2022, interest in Web3 by the general public has dissipated in tandem with price drops. However, 2024 will mark an inflection point for the industry, led by Bitcoin. This rise is attributed to an increase in BTC price in 2023, spot ETF listing in the US, Bitcoin Halvening, and Ordinals.

Blockchain shows incredible potential especially in modern banking but it is not easy to implement overnight. Users have to be trained and upskilled to integrate it into existing systems and practices. Governments are still reluctant to recognize cryptocurrency, and in China, crypto transactions have been branded as illegal. A decade might feel like a long time for industries to warm up to the idea...