The co-founder of Chainlink expects to have more coins – Token2049
In the crypto space looking to elevate the next narrative, Sergey Nazarov, founder of blockchain oracle platform ChainLink, shared some of his thoughts on what could be next for crypto.
In an interview with Cointelegraph at the Token2049 event in Dubai, Nazarov shared how the crypto exchange-traded fund (ETF) space could be developed and spur more mainstream adoption for Web3 and digital assets.
According to Nazarov, with the adoption of Bitcoin (BTC) ETFs, the crypto space can expect more ETFs of other coins and tokens. The executive stated that beyond BTC and Ether (ETH), other tokens have the potential to be accepted for their own ETF. Nazarov explained.
I think the next thing is more ETFs for coins other than Bitcoin and Ethereum. So, I think ETF volatility is going to continue this year and just keep growing and growing and growing.
Additionally, the executive explained how tokenized real-world values (RWA) will be created by Web3 companies and banks in the near future. The executive believes that the Web3 world will connect with traditional finance through RWA.
“Ultimately, I expect banks to buy Web3 assets, and banks buying assets through Web3 protocols, for a variety of reasons, looking for each other's assets.”
The executive expects these things to happen in three to four years.
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Nazarov also explained that crypto needs to improve its usability in order to gain wider mainstream adoption. “I think crypto adoption still has a long way to go,” he said.
The executive added that the user experience is “nowhere near what it needs to be” and that there is still a lot of work to be done in that regard.
The co-founder of Chainlink shared four key pillars that need to be addressed to drive further adoption into the mainstream. he said:
“I'd say usability, scale, connectivity and privacy are the four main pillars I look at the crypto industry as I think about how it's evolving.”
Nazarov notes that the space is moving closer to these goals and will “continue to push the limits of what's possible.”
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