Grayscale Explains 2022 Challenges and Opportunities in Crypto Space
Grayscale’s CEO, Michael Sonnenshein, commented in a letter to investors on what he believes is waiting for the world in 2022.
According to the CEO, with the broader digital economy still in its infancy, it is important to consider the development of crypto’s infrastructure which can provide new opportunities.
“As the crypto economy and existing financial markets become increasingly intertwined, these are likely to provide some of the most compelling long-term investment opportunities, and Grayscale is laser-focused on identifying and providing seamless, early access to the protocols that are the backbone of this ecosystem.”
Nevertheless, Sonnenshein admits that staying on track as technologies mature, poses new challenges:
“As we have done since 2013, we will continue to identify the most compelling opportunities and expand our offerings accordingly, both those focused on specific tokens, as well as more diversified and thematic funds.”
An example of a technology to closely monitor, the Grayscale executive gives the example of Web3 and predicts that it will have a “supercharged mainstream exploration and adoption” in 2022, rich with new opportunities and investment vehicles.
The biggest attraction of 2021, non-fungible tokens (NFTs), will also play an important role in the crypto space in 2022, the Grayscale head notes:
“We expect to see a blending of the physical and digital worlds even further, particularly around topics, like authenticity, provenance, ownership, and more – and across sectors, including fashion, music, gaming, real estate, and ticketing.
Our team is paying close attention to the evolution of NFTs.”
One thing stands out, and this is something that resonates across the industry, regulators and policymakers across the globe are more engaged with cryptocurrencies than they ever have. And this hopefully will bring in more clarity on which to start building.
“This enables the conversation to shift to how these new technologies – when provided with the appropriate regulatory frameworks – can flourish, keeping crypto companies in the United States, and setting a global standard for crypto regulation.”
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Source: igaming
