AI May Spur Growth Of Niche Companies And Tokenization, Says Bitwise CEO

According to Odaily, Bitwise CEO Hunter Horsley recently shared insights on X, suggesting that artificial intelligence (AI) could lead to a surge in niche companies and tokenized businesses. Horsley outlined several reasons for this prediction: - AI enables individuals to create more specialized versions of software services. - This specialization can better serve long-tail markets. - It may result in a rise of 'micro' or niche companies, with annual revenues ranging from $100,000 to $1 million. - Creators have the opportunity to tokenize their companies, offering two main advantages: early profitability and transforming customers into shareholders and advocates. Horsley believes that AI could significantly increase the number of niche enterprises. While these businesses might never go public, they have the potential to be tokenized, representing a significant new long-tail capital market.