“ IN THE IMMEDIATE NEXT FEW YEARS , WE CAN EXPECT TO SEE MORE COUNTRIES DEVELOPING AND IMPLEMENTING THEIR OWN REGULATORY AND LEGAL FRAMEWORKS FOR THE USE OF CRYPTO ”
DANIEL SEELY LAWYER AT FREETHS
a technology company that is helping to power the future of digital ownership .
“ I compare it to the evolution of the internet : 30 years ago , to get online you needed to decide on which ISP to use , how modems worked , what a router was , and so on . This meant that only enthusiasts managed to get online . These days , fast internet , even on mobile devices , is taken as a given straight out of the box .
“ In a similar vein , truly owning digital content in the current paradigm requires knowledge of which blockchain to use , which marketplace to use , which cryptocurrency to use , and how to use a Web3 wallet . Currently , most of the general public has no idea what a blockchain is . By 2050 , all of that confusion will have been ironed out .”
Evans believes that success for NFTs between now and 2050 will be defined by the percentage of the population who ultimately own and use a Web3 wallet , which is the basic requirement to interact with anything on the blockchain .
102 October 2023