Chainlink (LINK) creator Sergey Nazarov recently spoke at the TOKEN2049 conference in Singapore, where he discussed the potential impact of traditional finance (TradFi) on the real-world assets (RWA) crypto sector. According to Nazarov, he believes that TradFi will bring trillions of dollars into the RWA crypto sector, making it the largest customer of decentralized finance (DeFi).
Nazarov predicts that RWAs will surpass all other crypto assets by market cap, thanks to the influx of traditional finance money entering the blockchain industry. He envisions a future where real-world assets will dominate the industry, shifting the focus from cryptocurrencies to blockchain technology enabling the tokenization of real-world assets.
He emphasized the importance of enabling DeFi to grow securely and reach a level of reliability that both the DeFi and TradFi communities require. By bridging the gap between traditional finance and blockchain technology, Nazarov believes that the value of the TradFi community will flow into blockchains and eventually into the DeFi ecosystem.
If successful, Nazarov envisions the Cross-Chain Interoperability Protocol (CCIP) becoming a key protocol of the Internet, facilitating the seamless transfer of data and value across different blockchain networks. This, in turn, would establish the foundation for the Internet of contracts and Internet of value.
Overall, Nazarov’s vision for the future of the blockchain industry involves a convergence of traditional finance and blockchain technology, with real-world assets taking center stage. By preparing for this shift, the Chainlink ecosystem aims to play a crucial role in enabling the seamless flow of value between different financial ecosystems.
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