Crypto infrastructure growth for institutional investors, blockchain games, and nonfungible tokens are all areas worth observing closely in 2019, according to Travis Scher, vice president at crypto investment firm Digital Currency Group. In his interview with Business Insider, Scher predicts the growth in infrastructure for institutional investors will mirror that of retail investors in 2018. Some things are already moving forward—Intercontinental Exchange is launching a bitcoin futures product on Bakkt this month, while ErisX will offer spot trading in various cryptocurrencies.
Blockchain games and nonfungible tokens provide alternative uses of the blockchain technology, says Scher. The first Ethereum game—CryptoKitties—raised $27.85M in funding by November 2018. Nonfungible tokens, on the other hand, enable such digital collectible games to work—each token is unique and distinguishable.
However, Scher doesn’t expect any sudden surge in funding during the first two quarters of 2019, as he states in his interview that “venture fund convictions around this industry are definitely going to be lower.”
The post Digital Currency Group VP predicts a steady infrastructure growth for blockchain tech in 2019 appeared first on The Block.
Digital Currency Group VP predicts a steady infrastructure growth for blockchain tech in 2019 written by Carol Gaszcz @ https://www.theblockcrypto.com/tiny/crypto-investment-vp-predicts-a-steady-infrastructure-growth-for-blockchain-tech-in-2019/ January 10, 2019 Carol Gaszcz