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Publication of leading news Internal business recently interviewed Travis Scher, a leading investor in the investment arm of the Digital Currency Group, a group that has invested in the successful blockchain start-up companies CoinBase, Circle and Ledger to present its forecast for the industry. cryptography.
Scher revealed its expectations for a number of things, including the ramping up of encryption infrastructure for institutional investors, the birth and growth of blockchain-based games and non-fungible tokens (NFTs) pushing the adoption of the blockchain.
Wall Street and institutions will enter crypto in 2019
In 2018, several consumer encryption products and services, such as exchanges such as Coinbase, Kraken and Binance, as well as portfolios like Abra, Blockchain and Ledger. There have been a lot of developments for the crypto retail space, but little for institutional investors on Wall Street.
According to Scher, this will change in 2019.
By previous reports of IIBBakkt, one of the most anticipated Bitcoin trading platforms by institutional investors, is expected to launch in early 2019. Bakkt is a multi-faceted digital badet platform offering institutional investors the negotiation of physically settled bitcoin futures.
The platform is launched by the parent company of the New York Stock Exchange, the Intercontinental Exchange (ICE). It is backed by leading investors and companies, including Microsoft, Galaxy Digital, Pantera Capital, Alan Howard, and others who have funded $ 182.5 million for Bakkt.
In addition, Bakkt recently acquired certain badets and employees of the Rosenthal Collins Group (RCG) to better provide risk management, compliance and other back-end solutions to their institutional clients.
Other trading platforms related to encryption and bitcoins entering the market in 2019 include Fidelity digital badets, Nasdaq Bitcoin Futures, CoinFLEXand other institutional services, such as crypto guard regulated by Vontobel, Secondary counts of binance, Coinbase Guard, and more.
Overall, 2019 will see the launch of a wide range of cryptographic-related services, focused on the integration and service of institutional investors.
Blockchain Gaming and non-fungible chips
Another prediction made by the DCG executive was the arrival of blockchain-based game applications and non-fungible tokens. Scher said he hoped that 2019 would lead to many experiments in this sub-sector of blockchain technology, as well as to blockchain blockbuster hits.
Speaking further, Scher said venture capitalists had largely ignored the blockchain gaming sector because of the playful nature of the games, which had a short-lived impact.
However, Scher believes that investors should take a real look at the company beyond simple games, stating:
"Venture capital companies should pay attention to those who build platforms and teams of developers, companies that do not create a single game, but build several developed business models that can succeed."
To develop the subject, Kyle Samani, Managing Partner of Multicoin Capital, said the launch of a number of blockchain leading products in 2019 would attract a significant number of customers, retail sectors and institutions.
Samani gave the example of an open source company called Tari, which will facilitate the issuance and management of non-fungible tokens (NFTs). These markets include entertainment tickets, loyalty points, video games, etc.
The rise of elements at play, such as the skins of League of Legends and Fortnite's V Bucks, has led many experts to believe that non-fungible tokens (NFTs) could be a viable success in the gaming world. video.
What do you think of Travis Scher's predictions? What cryptographic forecasts do you have for 2019? Let us know in the comment section below.
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