During his participation at the Token2049 event in Dubai, Sergey Nazarov, co-founder of Chainlink, shared his optimistic views on the future of cryptocurrencies, particularly highlighting exchange-traded funds (ETFs) and the expansion of Web3 technology.
Nazarov discussed how the recent approval of Bitcoin ETFs could be just the beginning for the expansion of ETFs covering cryptocurrencies other than Bitcoin and Ethereum. “I think the next step is more ETFs on currencies other than Bitcoin and Ethereum. So, I think the ETF momentum will continue throughout this year and grow and grow and grow,” he said, indicating a strong growth trend in the sector.
In addition to ETFs, Nazarov also talked about the integration of real-world tokenized assets (RWAs) into the Web3 ecosystem, a merger that promises to unite digital finance with traditional finance. “Eventually, I expect Web3 assets to be bought by banks and banks' assets to be bought by Web3 protocols for various reasons why they would want each other's assets,” he explained, predicting significant synergy between the two worlds in the future. next three to four years.
The usability of cryptocurrencies was also a key point addressed by Nazarov. He underlined the importance of making digital assets more accessible and easier to use, pointing to the need for significant improvements. “I think the usability of encryption still has a long way to go. The user experience is nowhere near what it needs to be,” he commented, suggesting that there is still a lot of work to be done to achieve wider adoption.
To drive the crypto industry towards greater acceptance, Nazarov identified four key areas that need improvement: usability, scalability, connectivity and privacy. “I would say that usability, scalability, connectivity and privacy are the four main pillars of what I see in the crypto industry when I think about how it is developing,” he highlighted, emphasizing that continuous efforts are being made to improve these aspects .
Nazarov remains optimistic about continued progress and the crypto community's ability to innovate and expand possibilities within the sector. His enthusiasm reflects a conviction in the positive trajectory that cryptocurrencies and Web3 technology are shaping for the future.
