- Blockchain analytics firm Nansen’s CEO, Alex Svanevik, discussed six crypto sectors poised to drive the next bull cycle.
- Svanevik predicts deeper fintech and crypto convergence, expecting crypto to replace fintech rails as adoption spreads.
- The Chief Executive believes social tokenization fuels projects like Friend.tech.
Blockchain analytics firm Nansen’s CEO, Alex Svanevik, shared his perspective on six crypto sectors primed to drive the next bull cycle in a recent thread on X (formerly Twitter).
2/ Gambling and betting.Just makes a lot more sense with a DeFi backend. Instead of house taking a spread, it can live off the yields on capital.
L2s and account abstraction make apps more accessible to normies.@LooksRare launched Yolo. @rollbitcom @PoolTogether_ etc
— Alex Svanevik (@ASvanevik) October 6, 2023
First, Svanevik predicts deeper fintech and crypto convergence, with crypto backends increasingly powering mainstream apps like PayPal’s stablecoin project. He expects crypto to eventually replace fintech rails completely as adoption spreads.
Second, Svanevik points to the natural synergies between gambling and betting and decentralized finance, where …
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