The year 2022 has just started, but professionals in the world of digital assets are already glimpsing what it will be. Charles Hoskinson, the creator of Cardano (ADA), has just revealed what he thinks will happen to non-fungible tokens (NFT). According to him, this sector, which has been booming in recent years, could be in the sights of regulators during this year.
A positive view of the field of digital assets
Live, in a video posted on a YouTube channel, Charles Hoskinson, the founder of Cardano (ADA) – one of the main blockchain projects in the world – presented his point of view on the development of NFT in the world in 2022. According to him, this sector could have a hard time this year. But before talking about it, he presented a global vision of the field of digital assets.
Mr Hoskinson explained that 2022 will be a particularly beneficial for the electronic money sector, especially for ADA. He believes that this cryptocurrency can develop further and that new users will join the ranks of people who already use it to trade on cryptocurrency exchange platforms.
In addition, Mr. Hoskinson stressed that the cryptocurrency market will not stop growing considerably. Moreover, this increase had already started in previous years. “For better or for worse, we will suffer the consequences (positive and negative) of market development.“He said in the video.
Regulators will take an interest in DeFi and NFTs
After presenting an overview of the cryptocurrency field, Charles Hoskinson focused on Ripple (XRP). “We will probably see the final phase of the resolution of the lawsuit between Ripple (XRP) and the US regulatorHe predicted. However, he made no predictions regarding the outcome of this affair. Will XRP win the lawsuit or will the victory be on the SEC’s side? Mr. Hoskinson gave nothing for information.
On the other hand, with regard to NFTs, Charles Hoskinson was very exhaustive. According to him, we will see a strong involvement of regulators in this domain. He believes regulators will be more interested in decentralized finance (DeFi) and NFTs than in cryptocurrencies.
To illustrate his point, the founder of cryptocurrency ADA took the example of what happened to initial coin offerings (ICOs) and how regulators targeted them in 2018 and 2019.
In 2022, the Ripple (XRP) lawsuit against the SEC will have its end. As for cryptocurrencies, they will develop further and regulators will direct their attention to the non-fungible token (NFT) sector. These are the main predictions of Charles Hoskinson.
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Luc Jose Adjinacou
Far from having dampened my enthusiasm, an unsuccessful investment in 2017 in some crypto only increased my enthusiasm. I therefore resolved to study and understand blockchain and its many uses and to relay information relating to this ecosystem with my pen.