Happy Friday!
In this edition:
5 key FinTech trends to watch in 2022
New tribes of the Metaverse — Community-owned economies
Crypto could give London a unique post-Brexit advantage says Hammond
The impact of cross-chain interoperability in DeFi
ESG DeFi, the next Trillion Dollar Asset Class.
5 key FinTech trends to watch in 2022.
The end of 2021 is here! With the ongoing pandemic, 2020 and 2021 have been primarily dominated by the challenges of digital transformation. Drastic bumps in firms of swapping systems to digital platforms, working remotely, and devising user-friendly products and services that retained customers during the lockdowns seem to now calm down. FinTech companies specifically have seen a boom.
New tribes of the Metaverse — Community-owned economies.
The gaming ecosystem is set to become more community-driven with the help of decentralized tech, empowering creators and coders.
Crypto could give London a unique post-Brexit advantage says Hammond.
Ex-Chancellor Philip Hammond said the UK must move quickly on digital assets to secure its post-Brexit advantage in financial services.
Lord Hammond, who recently joined crypto start-up Copper, believes digital assets could give London a unique edge over European competitors. In an interview with City A.M. the former chancellor of the exchequer said he hopes legislators will support the use of new technology to trade digital assets and create a tokenized financial services sector.
The impact of cross-chain interoperability in DeFi.
Imagine a world where emailing was only possible within isolated platforms – Gmail to Gmail, Yahoo to Yahoo and so on. Consequently, a Gmail account holder won’t be able to email someone who uses Yahoo and vice versa.
ESG DeFi, the next Trillion Dollar Asset Class.
We’ve witnessed an avalanche of investment into crypto over the last two years thanks to the introduction of DeFi. Despite lingering high energy consumption and negative environmental impact narratives that aren’t necessarily untrue, $ millions have continued to pour into what seems like a never-ending cycle of DeFi products that offer lucrative returns on crypto assets. A chunk of that investment in 2021 has been directed towards ESG-focused and impact-driven projects in DeFi that reallocate funds for the public benefit or create new asset classes altogether to fight climate change for example.
Thanks for your time!