TOKEN2049, also called the most awaited crypto event in the world, features prominent speakers and unparalleled networking opportunities. This year the speaker panel had Daniel Ricciardo from Matrixport, Justin Sun of Tron, Henry Chang from WEMADE, and Pantera’s Dan Morehead.
During his keynote address at Token2049 conducted in Singapore, the CEO of the brand Pantera, Dan Morehead, gave a positive picture of the whole cryptocurrency industry.
He seemed hopeful about many things in the crypto world, for instance, the Defi or Decentralized Finance. His speech revolved around the usability and benefits of Metaverse applications, NFT, and Web3 usages.
Millions gathered to be a part of the audience for this awaited event—this two-day-long conference was conducted in the convention center in Singapore.
With approximately $4.5 billion in assets under control, Pantera, an investment company for blockchain tech and its development, wanted to create a space to use crypto in the future.
After Microsoft dominated the stock markets for years, Morehead drew comparisons to the initial part of the 200s, when new tech-based companies like Apple, Amazon, and Google started to draw significant investments.
As Bitcoin and Ethereum have henpecked investors’ cryptocurrency listings for a decade, Morehead discussed that brand-new undertaking and use proceedings might promise even higher ROI.
Dan Morehead said he is still wildly optimistic about Bitcoin and Ethereum and that the crypto world is close to a position where things that aren’t the two initial blockchains make up half of the market.
However, in his opinion, these projects will execute in a better way and ought to be included in someone’s portfolio.
Morehead says that the projects Web3, Defi, Metaverse, and NFT have the most potential. The CEO of Pantera also reflected on the condition of Defi, as it faced problematic months succeeding the collapse of Terra/Luna and the spread of presently ceased lending companies.
Dan Morehead mentioned that the current market for DeFi is staked at a 20 billion dollars market cap in comparability to the conventional finances of 3 trillion dollars, proving there is a space for growth.
While talking about Web3, Dan Morehead does not shy away from calling this trade the inevitable one. Focused on serving users control over their data and platforms dictated by communities instead of individualized entities, the CEO was also enthusiastic about Web3.
The CEO of Pantera ended his excellent speech by expressing his faith that the present cryptocurrency market series is crisp to the previous series. He cited that the approximately 200 million individuals who use platforms that work with blockchains and deal in crypto values have the potential to grow to 1 billion in the upcoming two or three years.
