In 2022, global adoption of cryptocurrencies will jump from the current 5% to 20%. The main drivers will be the SocialFi and GameFi sectors. This forecast was given by the CEO of Qwebits.
The head of Qwebits noted that 2021 was marked by «rapid innovations» in the field of DeFi. He highlighted the above segments and NFT.
He also pointed out that a number of problems remain in DeFi, especially in «creating complex financial instruments, ensuring liquidity and capital efficiency, as well as risk and security management.» He expects their solutions as the sphere develops.
Regarding India, he noted the importance of the government’s support for innovations in blockchain and cryptocurrencies, regardless of the classification of assets.
According to a report by NASSCOM, the crypto technology market in the country is expected to reach $241 million by 2030 and potentially create 877,000 jobs. The organization also predicts an increase in the inflow of funds from retail investors into digital assets to $15.6 billion by 2030 from $6.6 billion currently.