Paul Veradittakit, one of the investors of Pantera Capital, has published the NFT, Web3 and metaverse report for the 2022 outlook of the altcoin market. The headlines of the report are Cryptocoin. We have compiled it for com readers.
Second-tier altcoin projects and rollups
According to Veradittakit, in 2022 all the action will be on the second tier altcoin projects. Layer-2 blockchains have grown tremendously in 2021, and Pantera investor sees them as essential to Ethereum’s scalability. Part of the article includes:
As mainstream adoption of crypto continues to increase, Ethereum’s network congestion will worsen, exacerbating its problems with latency and fees. Rollups are critical to sustaining Ethereum’s growth by ensuring that the computing infrastructure is highly scalable, enabling users to interact with dApps with similar or better expectations for usability as with traditional web applications.
Ethereum and Bitcoin
This category refers to the war of layer one blockchains, or the so-called Ethereum killers. The Pantera investor is openly biased towards one in particular:
Recent activities in the Solana community, including the launch of decentralized social media and massive funding for gaming, indicate that the ecosystem will continue to grow immensely over the next year.
Another trend that Veradittakit mentions is bridges that “enable interoperability across very different networks.” He thinks these will “accelerate the growth of non-Ethereum ecosystems”:
Overall, improvements in cross-chain infrastructure will increase the speed with which alternative first-layer blockchains are gaining traction and foster the development of a truly robust, diverse multi-chan crypto ecosystem.
on Web3 and NFT
This theme is linked to the previous one. But the Pantera investor gets into something very interesting:
In 2022, we will see more projects expanding the scope of on-chain ownership, giving users full and functional control over their identity and presence in the digital world. One thing is for sure, the world needs a “single sign-on to all services”. No one can remove the number of passwords we have to remember. This is a real problem.
Veradittakit thinks that “NFTs will continue to grow immensely in popularity over the next year,” and elaborates:
NFT projects in 2022 will show significantly greater diversity in use cases and reconfigure how we interact with digital media and how we think about ownership more broadly.
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