The 2024 State of Crypto Report by a16z crypto highlights significant developments in NFTs, social networks, and prediction markets. The report notes a shift towards minting low-cost NFT collections on platforms like Zora and Rodeo, driven by decreased transaction costs and increased blockchain capacity. Social networks are gaining traction, with 10.3% of crypto projects being social-related. Prediction markets are also seeing growth, despite legal challenges, with Kalshi achieving a recent legal victory. The report outlines progress in policy, technology, and consumer adoption.

Source: https://Blockchain.News/news/2024-state-of-crypto-report-highlights