FinTech Magazine October 2023 | Page 103

CRYPTO 2050
This will be proof of how simple the industry manages to make blockchain participation , in much the same way that most people today have an email account .
He accepts , though , that in the adoption of these emerging technologies , many use cases will require “ large-scale , institutional change to industries with very entrenched positions ”.
“ Take , for example , any creative publishing industry like music , film , books or games . Digital distribution has already revolutionised those industries , but in a very limited way that has arguably devalued the rights of the end-user . By 2050 , I suspect there will be further disruption thanks to blockchain and true digital ownership .”
Hope that ‘ more deserving ’ crypto projects shine Evans says it ’ s hard to predict which markets or regions will be furthest ahead in terms of NFT adoption by 2050 , but accepts that the US and Asia have historically led the way in terms of adoption . “ Europe is being very active in providing a clearer legal framework , but I think there is a huge opportunity for developing nations as well ,” he adds .
We ’ ll save the final word for Sellix ’ s Daniele Servadei , who is optimistic about the future of cryptocurrencies more generally . “ I hope that what will emerge from the ashes of FTX may be a more honourable , more transparent and sturdier version of what we all believed it was .
“ That the so-called crypto winter may be on its way to a spring defrosting , and that this year may be kinder to the crypto space than 2022 was . I believe that better , more deserving projects will rise out of the collapse of FTX , and I hope I ’ m right . Only time will tell .” fintechmagazine . com 103