Here are some of the biggest crypto games right now, according to Pantera Capital CEO Dan Morehead
The founder of a crypto-focused hedge fund is looking ahead to see which industry niches could thrive when the current bear market cycle ends.
In an interview with RealVision, Pantera Capital CEO Dan Morehead explains to host Raoul Pal that the world of crypto is cyclical as there are always new opportunities to be seized as projects complete or fade, such as: B. decentralized finance (DeFi) and non-fungible tokens (NFT).
“Things have gone by epochs. Things that were important four or five years ago are either all expanded now and don’t have much opportunity anymore.
I think DeFi is incredibly cheap right now, so [it] should be a big part of what someone invests in.
The next frontiers are things like gaming [and the] The NFT space is really reaching a critical mass right now that enough people are using. Blockchain gaming that it matters.”
The CEO says there are still opportunities to invest in more traditional aspects of crypto like exchanges, noting that many major countries around the world still don’t lack a centralized marketplace to buy and sell digital assets.
“In our venture investments, we’ve invested in the whole spectrum of things. Even things like stock exchanges, you could say, ‘Hey, they all have to be fully developed.’ You are not!
There are many countries that are massive, like Indonesia – we recently invested in Pintu. 120 million people and all of them will use blockchain and a year ago there really wasn’t a big exchange.
There are still countries that need an exchange.”
Morehead further emphasizes the importance of Layer 2 scaling solutions as both Bitcoin (BTC) and Ethereum (ETH) have capacity constraints that need to be resolved to accommodate increasing blockchain usage.
“We have been big investors in Layer 2 scaling solutions. Bitcoin and Ethereum are amazing, but they only do a very limited number of transactions, so we need that.
There are loan and loan logs, very important. So in this next cycle both consumer and infrastructure activities will be very important.”
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