Former child actor and crypto kingpin Brock Pierce, one of the wealthiest people in crypto, has been sharing his predictions for where he feels the industry might be moving in 2019.
Pierce has earmarked decentralized applications (Dapps) as the major industry movers and shakers this year along with the advance of security token offerings (STOs).
There are currently numerous decentralized apps built on the Ethereum blockchain alone, unsurprising given Ethereum’s historical place in the development of blockchain solutions. Carl Bennet of Status.im also suggests that 2019 could become the new dawn for Dapps.
“We will see more developers and designers focusing on creating simpler and more familiar user onboarding experiences for mainstream use we’ve come to expect from the applications we use and an overall lower barrier to entry into the crypto ecosystem.”
This is something that Pierce agrees with suggesting that “big things” are in the ether with the possibility of “multiple applications hitting a million users”. He adds that low prices could be good for the industry:
“I love the fact that prices are down. 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.”
Security tokens are already becoming a watchword in 2019 as ICOs dwindle having hit their peak in 2018. Pierce sees STOs having a far better outcome in the long term:
“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.”
The Bitcoin entrepreneur sees gaming and P2P “money messaging” as things to look for in 2019 and also more focus on the world’s unbanked, the two-thirds of the planet without access to traditional finance. As Pierce notes, “the internet didn’t become usable until Netscape because that gave the average person a user interface that was intuitive, simple, friendly — this made it accessible.”
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