However, the crypto market could not ignore its correlation with other asset classes such as stocks and gold.
Experts believe that the market will mature over the long term and that separate crypto themes will work individually.They look optimistic Diffie, Metaverse And NFTs, followed by smart contracts and utility tokens.
Kumar Gaurav, Founder and CEO of Cashaa, NFT And the Metaverse, as he believes, they are creating a logical sequence of human evolution.
Metaverse is a virtual world for immersive experiences where people from all over the world can meet, play, see and trade. Metaverse is the concept of a permanent online 3D universe that combines multiple virtual spaces.
This is expected as a future iteration of the Internet. The Metaverse allows users to work, meet, play games, and interact in these 3D spaces.
Gaurav states that humans are social animals and that all this is possible with NFTs available in the Metaverse. “The Metaverse is diverse. Investors need to invest in projects that are closer to the real world,” he added.
With the theme of Metaverse, Mark Zuckerberg renamed the huge social media “Facebook” to “Meta” to take advantage of Digital Frontier.
Market excerpts suggest that the global market for Metaverse goods and services is worth $ 1 trillion in a few years.
Experts are also bullish on themes such as decentralized finance (DeFi), which provides financial products independently of brokers such as brokerage firms, exchanges and banks by using smart contracts on blockchain.
CEO and co-founder Bhagaban Behera is very bullish on DeFi. He is positive about other themes like NFT and Metaverse.
“DeFi is vast and solves people’s big problems on a global scale. We’re advancing by embracing the basic concepts of Bitcoin and creating a complete digital alternative to Wall Street at no cost,” Behera said. I will do it. ”
Decentralized Finance is in its infancy, especially in India. Companies are growing significantly in this area and are closely watching new solutions emerge and be adopted by the masses.
“This space has the potential to create a more open, free and fair financial market that is easily accessible via the Internet,” he added.
Defi includes earning interest, borrowing, lending, buying insurance, trading derivatives or assets, and more.
Market experts said that in the near future, many crypto themes will not go unexploded, but rather more. They add that Crypto is only 150 years old and has a long way to go.
However, what booms and fades will depend on the key innovations that will occur in the coming years and how the solution will be adopted.
Decentralized, Metaverse, and NFT will lead, respectively, in terms of providing true value, Behera said. “Each of these themes is under development and innovation is progressing rapidly.”
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