I've put together a conviction map of where I think Web3 is heading in the near future. Some of the categories are not in the "early" phase anymore: โ Agentic finance got dedicated institutional infra with the full Agent Bank launch from @Anchorage at the recent Consensus conference โ RWA crossed $30B onchain market cap โ Stablecoins processed more volume in 2025 than @Visa and @Mastercard combined All three are advancing at a really high pace. As of now, I'm more skeptical of tokenized data and agent identity. 1. Tokenized data: Companies usually buy and sell data through contracts and private deals, and crypto doesnโt improve it enough yet to make the switch worthwhile. 2. Agent identity Pretty much the same problem as tokenized data. You need agents to be widely adopted before identity infra becomes necessary. I want to be wrong on both, but I can't justify the lack of demand yet.
