- 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.
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.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.