The Most Exciting Tech Trends for 2023

Digital trends and online tech continue to evolve, expanding the reach and capability of people to communicate, engage in finance and markets, be involved socially, enjoy entertainment and a whole lot more. Many of these changes are being made possible by new paradigms and tools coming online and becoming available to the average person. Today, we'll be conducting an overview of some of the most exciting trends for 2023: AI (Artificial Intelligence),  ChatGPT, DeFi (Decentralized Finance), and AR (Augmented Reality).

AI & Chat GPT

The widespread availability of artificial intelligence tools, i.e. AI, has been developing as a paradigm shift in the digital world. Everything from help in programming to generating artwork, AI has become easy to learn. Further, it’s extremely wide open in terms of how it can be used as well. So, no surprise, many are testing and practicing with AI to determine how to improve their positions with investing as well.

Currently, the most available AI form, Chat GPT, won’t outright provide investment advice. However, one simply needs to rephrase their question into a research approach, and the bot uses its algorithms and widespread available information in its databases to provide projections and quantified results. As a result, those who have become versed in how to request information are finding the AI tool extremely useful in cutting down research time as well as finding opportunities only robots can pick up quickly.

DeFi (Decentralized Finance)

DeFi platforms are particularly profitable for crypto yield farming, especially when one invests crypto in DeFi channels that need lots of support to raise their liquidity. One of the most popular ways involves staking into liquidity pools (LPs). LPs tend to be a primary product of DeFis because they get a lot of popularity if the LP happens to feature tokens that gain a significant bump in popularity.

So if, for example, an LP is set up with a new token that provides a bridge between it and a common coin like Ethereum, the reward for investing in it can be a very high rate of return early on. This is because the given LP needs investment to provide fast exchange between the two coins. The investor provides the same amount of both coins in a pair, and the LP gains liquidity between the two. In return, as long as the pair remains invested, the investor is paid the rate of return and continues to keep gaining profit. The rate of return goes down only when the LP becomes popular with more investors, reducing the risk for all.

AR (Augmented Reality)

Augmented reality is an interesting aspect of the evolving digital world. It comes in multiple forms, but all of them share the same common trait – they combine digital access to information with the reality that we deal with every day in physical form. The most common real application of this tool tends to be games people can play on their phones and mobile devices. Generally, one uses one's mobile device to see the digital information available that is tied to specific geolocation factors. Doing so ties digital information with specific addresses.

For finance and e-commerce, augmented reality is still a bit far off, waiting for developers to create the synergies between businesses and tools in AR. However, conceptually, there is significant promise with geolocated crypto opportunities for early investors that are looking to get into projects on the ground level. Eventually, these projects will be commonplace and noticeable through AR tools as people walk around cities and in daily life. However, right now these projects need lots of help to get off the ground, and generally seek private investment. This last area is a very high risk, and it has a high probability of failure, but finding the right project may very well be investing in the next Google.

In short, the tech world is exploding with new advantages, but folks need to be willing to experiment to realize the potential realities. Remember, you can't win a lottery if you don't buy a ticket for it.