Curated Resource ( ? )

Will the craze for crypto startups ever produce the next tech giant? | The Economist

Will the craze for crypto startups ever produce the next tech giant? | The Economist

my notes ( ? )

"In the first nine months of 2021 crypto startups, especially those that are creating the tools to build a blockchain-based future, raised $15bn in venture capital", triggered in part by "retail speculators... Investors are also betting that, as regulation becomes clearer, institutions will take it more seriously, stirring demand for crypto tax advisers, analytics firms and asset custodians".

The field is expanding, with startups "promoting new forms of financial services (decentralised finance), digital ownership (NFTs) or incentive models (as in gaming, where users can earn crypto as they play)."

While it all "recalls the dotcom boom of the 1990s... “bitcom” boom spans Asia ($1.4bn raised this quarter) and Europe ($1.1bn) in addition to America ($3bn)".

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The above notes were curated from the full post www.economist.com/finance-and-economics/2021/11/13/will-the-craze-for-crypto-startups-ever-produce-the-next-tech-giant?utm_source=pocket_mylist.

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