A former JP Morgan banker and co-founder of NodeReal, Dr. Ben Zhang encourages startups, entrepreneurs and developers to start their journey in the cryptocurrency market. Speaking at Crypto Expo Asia this month, Zhang emphasized in an interview that the blockchain industry is still in its infancy and this is a good moment to dive into the crypto world. Here are the details…
Cryptocurrency predictions from JPMorgan banker
Zhang attributed the downturn in the crypto market to a lack of innovation. “So far, I think for some specific areas business innovation is very good, but there are many areas that lack innovation,” he said. “I think crypto or Web3 or Blockchain is still in the very early stages. This is the perfect time to start your journey as a startup, entrepreneur or developer in the crypto space. You can learn some basic technologies of Blockchain and wallet management of Metamask.
Discussing the movement of the cryptocurrency market and investment, Zhang said that crypto should be viewed as a long-term investment and is an excellent option as Blockchain-based technology grows. Zhang said the following:
We should invest more money in the crypto market and look for long-term investments. Crypto and Blockchain are still getting a lot of attention. We now have very different regulatory frameworks, which helps to improve the bearish action of the crypto.
Is the regression due to regulations?
When asked about the strict regulations in the crypto market, Zhang replied, “I don’t think too much regulation is causing a downturn. The downturn is due to many factors, including the worldwide instability of the macro economy. But there are too many regulatory frameworks and it is very difficult to follow,” he added. Speaking on artificial intelligence in the crypto industry, Zhang said that artificial intelligence has become very popular and that artificial intelligence along with Blockchain is the perfect combination for the future of Web3. Talking about the emergence and implementation of Web3, Zhang said:
Web3 marks the next major advance in the evolution of the internet. Building on the foundations of Web1 and Web2 promoting user interaction and social media, Web3 represents a transformative leap forward. Powered by blockchain technology, NFTs and cryptocurrencies, Web3 is set to revolutionize the online environment. Web3 environments are revolutionizing the gaming industry by enabling the creation of video games using blockchain technology. Through these games, players can leverage the power of in-game NFTs and token rewards to make a profit. The main driver of value in Web3 games lies in ownership and control, with particular emphasis on decentralization. This paradigm shift is attracting gamers who want to turn their gaming passion into a viable source of income within the Web3 ecosystem.
In the field of Web3 and artificial intelligence, which Zhang pointed out, some coins draw attention. For example, Polkadot, Chainlink, ICP, Filecoin, The Graph draw attention in Web3. Stacks, Render, Theta are also in this category. On the other hand, Injective, SingularityNET, Fetch.ai, Ocean, Oasis Network stand out in the field of AI and big data.
