What were some of the biggest moments in crypto this year? Industry experts weigh in on the most important stories of 2021.
11.It’s time to look back at the year 2021: What has it brought to us? What challenges did we overcome? What will we bring to the new year, and what should we leave in the past? From the rise of nonfungible tokens to Bitcoin gaining the new status of legal tender in El Salvador, and from stablecoins gaining attention from regulators and retail consumers to play-to-earn blockchain games and the Metaverse, it was a great year, indeed.
“I think the combination of OpenNode allowing retailers to easily and quickly accept Bitcoin and El Salvador making Bitcoin an officially accepted currency has opened the door for McDonald’s and Starbucks to easily accept Bitcoin and save the 3% going to the banks and credit card companies.
“Ethereum costs have continued to rise, creating additional cost implications across the space, impacting NFT collectors and creators, traders and investors. Alternative blockchains and layer-two solutions that drive the costs down are making the market more accessible for retail investors across the world. Expect more progress on this front.
“I would say that 2021 is the year that blockchain came of age. No longer is it a fringe technology, and with the massive innovation during the pandemic with DeFi, NFTs, play-to-earn games and the fast-growing adoption in the Metaverse, blockchain is center stage. This is evidenced by the first Bitcoin ETF making its debut on the New York Stock Exchange and others following suit, allowing traditional investors to enter the market.
Also, the influx of human resources is definitely an integral part of the way the blockchain space has evolved. And this does not only reflect the amount of talent joining the industry but also the population that is accepting and adopting the technology in their daily activities. With more people getting involved with the technology, the industry matures.
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