The timing of the newly launched report from CompyWIRE reflects the momentum that Decentralized Finance (DeFi) has gained in recent months. The DeFi approach to finance gives users autonomy over their assets, reduces the fees involved with transfers, and opens up opportunities that were previously unavailable.
Further information is available at https://compywire.com/cathie-wood-says-defi-and-nfts-among-big-trends-to-watch-in-2022
Global economic uncertainty is causing individuals to look for alternative financial strategies. The newly launched CompyWIRE report states cryptocurrencies are an increasingly attractive proposition when compared to traditional banking options, particularly as information and understanding around the digital assets increases.
However, it’s not only cryptocurrencies that are gaining mainstream attention. The new report from CompyWIRE highlights the fact that Non-Fungible Tokens (NFTs) are another key trend to follow in 2022. NFTs are digital assets that can be securely stored on a blockchain.
This type of digital asset is growing in popularity because artists, sports stars, musicians and many others are creating and selling NFTs. The new report states this trend is being driven by the adoption of blockchain technology for increased security and autonomy.
For example, NFTs cannot be replicated, copied, or forged, but non-digital collectible assets can. Another trend that combines cryptos, NFTs, and blockchain is the gamification of cryptos. These platforms that enable individuals to create tokenized items to generate a revenue are rising in popularity, and this trend is expected to continue.
Other trends highlighted in the new report include growing opportunities in the Artificial Intelligence (AI) space and energy storage. With the rise of Tesla and emergence of other electric vehicle manufacturers, such as Rivian, GM, and Ford, demand is expected to increase throughout 2022 and beyond – particularly as organizations are being forced to share their green credentials and environmental impact in the public sphere.
CompyWIRE prides itself on sharing the latest crypto trends, news, and stories via its online platform. It aims to educate and support investors at all levels. Recent reports include “MKR Coin Explodes Over AAVE D3M” and “Identifying DeFi Crypto Scams”.
A company spokesperson said: “As understanding and confidence around cryptocurrencies grows, the opportunity for Moms and Dads to become their own bank in the DeFi world and earn an Annual Percentage Yield often well in excess of 10% per year will become increasingly attractive.”
Interested parties can visit https://compywire.com to find out more.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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