What does the future hold for crypto?
Michaela Vancura
DeFi
1 year ago
1 QCP
What’s the future of cryptocurrency? To get an insight into what we can expect from the crypto space in the coming few years, we draw upon insights from leading venture capitalists, crypto intelligence firms, and the CEOs of leading crypto projects.
Key themes that emerged are DeFi taking over traditional finance, the growth of web3, and the rise of the metaverse. Let’s start with the CEO of Reef, Denko Mancheski, who shared his thoughts on how cryptocurrency can be the future of humankind: "NFTs will mature into their next use case. We are already seeing dNFTs / iNFTs which are dynamic NFTs, AI driven NFTs. These are NFTs that evolve with either data or AI and that change their form over time depending on their inputs."
Most cryptocurrencies are obviously still in the process of being capitalised and early in the overall adoption cycle which is one reason prices have been quite volatile. We can probably expect to see that volatility for a while, and until they level out over the long term.
Thus, the future of crypto will be decentralization. Partially because the actual DeFi will be a multi-chain space. So in the long run, there'll be no single chain that will satisfy all the needs. The highly decentralized blockchains that will adopt for a good user experience will be the ones that will stand out.
Key themes that emerged are DeFi taking over traditional finance, the growth of web3, and the rise of the metaverse. Let’s start with the CEO of Reef, Denko Mancheski, who shared his thoughts on how cryptocurrency can be the future of humankind: "NFTs will mature into their next use case. We are already seeing dNFTs / iNFTs which are dynamic NFTs, AI driven NFTs. These are NFTs that evolve with either data or AI and that change their form over time depending on their inputs."
Most cryptocurrencies are obviously still in the process of being capitalised and early in the overall adoption cycle which is one reason prices have been quite volatile. We can probably expect to see that volatility for a while, and until they level out over the long term.
Thus, the future of crypto will be decentralization. Partially because the actual DeFi will be a multi-chain space. So in the long run, there'll be no single chain that will satisfy all the needs. The highly decentralized blockchains that will adopt for a good user experience will be the ones that will stand out.
- Cryptocurrencies
- Blockchain Applications
- DeFi
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