Brock Pierce on how security tokens can lead to a quadrillion dollar market
|- Speaking in an interview with Forbes, Pierce also said that Dapps will achieve millions of users.
- He believes that the gaming industry will be a major driver in crypto adoption through 2019.
Brock Pierce, noted crypto evangelist and former Chief Strategy Officer at Block.One, sat down for an interview with Forbes. During the interview, he shed his views on several topics. During the interview, he shed his views on several topics.
On Dapps
PIerce stated that Dapps will achieve millions of users. He also said that its a good thing that we are going through a major bear market because that’s when things get built. He said:
“When prices are up, very little gets built because teams don’t stick around. Everyone is getting rich too quick and that de-motivates people. All the best things I’ve seen built in this ecosystem have been built in bear markets.”
To drive adoption, Pierce said that Dapps need to have three properties:
“They have to be scalable. They have to be fee-less and frictionless. They have to be fast.”
On Security Tokens
Pierce said that security tokens and security token offerings (STOs) are going to pick up where the initial coin offering (ICO) market left off. In fact, Pierce said that security tokens can lead to a quadrillion dollar market:
“Security tokens are going to give birth to a quadrillion dollar market. This is because we will see the tokenization of the world’s fiat money, debt market, real estate, equities, and art.”
Gaming industry will drive adoption
Pierce also believes that gamers and the ever-growing gaming industry will be a major driver in crypto adoption through 2019, said:
“The earliest adopters at scale of crypto were gamers. That’s why Korea and China are so big. These were the markets where people played video games and bought and sold virtual currency for games like Second Life and World of Warcraft.”
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