The Technology Express Magazine | Edition: August 2022

COVER STORY
The pandemic has forced
a major rethink of the
global economy. It was a
pandemic of inequality
and brought into stark
reality the issues that we
have neglected people,
we have neglected the
planet and we have this
economic system that
drives the pursuit of
profits above all else.
to get access to finance and identity
via the community-based hub, which
doesn’t require everyone to have
a device. Now is an exciting time
to bring together everyone who’s
working on really exciting technology,
innovation, and financial innovation
and create a positive future for
financial markets and build on the
ideas of sustainability, fairness,
and equity from the ground up. The
pandemic has forced a major rethink
of the global economy. It was a
pandemic of inequality and brought
into stark reality the issues that
we have neglected people, we have
neglected the planet and we have
this economic system that drives the
pursuit of profits above all else.
What does the future hold for
Cryptocurrencies and DeFi?
In 2021, we saw the crypto market
cap continue to rise, ETF listings,
Coinbase went public, El Salvador
declared Bitcoin legal tender, the
DeFi market grew by 40 times, and
stablecoins, one of the major pillars
of DeFi, almost quadrupled in the first
half of 2021 to $112 billion. Ethereum
continues to suffer from network
congestion and rising gas fees,
as Polygon, Binance Smart Chain,
Polkadot, Cosmos, Solana, Polygon,
and Avalanche nip at its heels.
In the social impact space, we
saw the new phenomenon of “play to
earn games” providing new income
streams for people in developing
countries, a proliferation of “green”
blockchain projects, and growing
adoption in emerging markets.
What does the future hold?
● NFTs will continue to soar in
popularity in art, music, gaming,
and influencer fanbases, we will
also start to see other ways that
NFTs can be used for social
utility including in health care,
education, and rewarding
communities.
● Institutional adoption will
continue, and institutional
investors will fuel the continued
popularity of stablecoins
which are seen as less volatile.
● Going Green - there will be a
plethora of green blockchains
and tokenizing carbon offsets
and gamification to address
climate issues.
● The adoption of DeFi and NFTs
in GameFi has only just begun and
we will see incredible innovation
in this space with communityowned
economies and on-ramps
to the Metaverse.
● Metaverse - all this staying at
home and living virtually has given
a huge kick start to the Metaverse,
and we will see tremendous
innovation as people begin to
realize how the Metaverse can
be used in so many ways to
improve collaboration, education,
economic opportunities, and social
engagement.
-interview@thetechnologyexpress.com
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/ AUGUST 2022
www.thetechnologyexpress.com