CZ predicts Indian market in 2022: SocialFi and GameFi are key drivers

The crypto industry has experienced significant growth, with Bitcoin reaching an all-time high in 2021. Bitcoin has been removed from Altcoins. The notoriety of the crypto market is at its highest level as interest in other cryptocurrencies such as Ethereum, Dogecoin and Shiba Inu is increasing and benefiting from GameFi and Fan Token this year.

According to the Nasscom report, by 2030 the total crypto industry in India is expected to reach $ 241 million, generating 877,000 jobs. By 2030, the investor is expected to invest $ 15.6 billion in cryptocurrencies, which is currently $ 6.6 billion.

What will happen in 2022?

In the traditional field as in that of crypto-currencies, VCs will increase their capital. These funds support new developments, in particular new projects which require financial support. Many new developments will improve access and accessibility to data, facilitating the global adoption and adoption of crypto. India will benefit, as the crypto industry can provide financial support for investors, other sources of human income, and incentives for Indian developers. DeFi and GameFi are just the tip of the iceberg as tech companies enter the crypto space. We are excited that the global cryptocurrency adoption is rising from 5% today to 20% by 2022.

Clear management and compliance

As cryptocurrencies move closer to adoption retailers, they need clear regulation. The policy protects investors and activists from harassment, ignorance of involvement in crime and criminal activity.

Cryptographic technology has been widely used and can be used to make gifts, housewares, gift tokens, token tokens, etc. Cryptocurrency and the use of blockchain have affected and will further affect the financial sector. Regardless of how the Indian government distributes it, it is important to support and encourage innovation in India's blockchain and crypto space.

India is used to investing heavily in science and technology and has created a digital community by providing better internet access. The country wants to become a leader in the blockchain and crypto space. In addition to banking and financial services, blockchain can improve land quality, supply chain, agriculture, and business stability.

Innovation by leaps and bounds

With more financial support, you can expect new developments beyond 2021. Entrepreneur's interest will support new developments such as chat, games, fintech (financial technology), virtual reality, augmented reality, etc.

Businesses are skeptical of cryptocurrencies and they venture into blockchain, but trusting the use of problems to solve global problems can help reduce the skepticism. Getting involved in new solutions can give you confidence in the region and encourage more creativity. Crypto innovation in 2022 promises to bridge the gap between existing and emerging markets.

Cracked installation in DeFi

DeFi will soon see changes in 2021 and will also see renewed interest and innovation in 2022 with SocialFi and GameFi as key drivers. The growth of NFTs, peer-to-peer games and the Metaverse has encouraged communities due to their dissatisfaction with the economy. They love the crowd with their creative and futuristic games, virtual real estate, art collections and fan bases.

DeFi challenges particularly important areas in the development of complex financial resources, the design of capital and resources, and the management of risk and security. As DeFi grows, smart solutions will emerge to meet the needs of the community.

In 2021, the crypto industry was celebrated, and among them, excellent operations and collaborations formed the basis for the development of crypto devices. New developments in governance, innovation and accreditation have created consolidations that will allow the public to have a stable culture of cryptocurrencies. We look forward to a bigger and better blockchain world.