Dan Morehead, the crypto-focused hedge fund founder, is looking ahead to see which industries will be at the forefront of innovation once this bear market cycle ends.
The crypto world is constantly changing, and staying on top of the latest trends is essential. In an interview with RealVision, Pantera Capital CEO Dan Morehead tells host Raoul Pal that as projects either complete or fade away, there will be new opportunities for individuals such as Defi (decentralized finance) and NFTs(non-fungible tokens).
According to Dan, we’ve seen a significant shift in how things are done in the past few years. What used to be important five or six years ago isn’t anymore because it’s been replaced by new technology and trends that didn’t even exist back then.
He thinks Defi is incredibly cheap right now, so many people should be investing in it. He believes blockchain gaming is the next frontier. It’s an idea that seems everywhere, but not many people have tried it yet.
The CEO says there are still opportunities to invest in traditional aspects of crypto, such as exchanges. He notes that many large countries worldwide lack a centralized digital asset marketplace, making it challenging to trade between different regions or sectors without cooperation on standardization procedures across borders.
He explained that he has invested in different industries including exchanges. He said there are lots of countries with a massive population that still need exchange services.
Morehead has stressed the need for more layer-2 scaling solutions because both Bitcoin (BTC) and Ethereum(ETH), despite having capacity limitations, still face problems with increased blockchain use.
In addition, a lot of companies have ventured into the Web3 world. The latest is Netflix’s creation of the movie “The Gray Man” in the metaverse.
Netflix Explores the Crypto World
This is not the first time that Netflix has ventured into Web3. The streaming giant explored NFTs a few months ago through its dystopian series “ Love, Death + Robots ” (translated into Spanish as “ Love, death, and robots ”). The launch of the third season included an NFT scavenger hunt for users in the United States.
The move is part of a broader trend of foray into Web3. World-renowned brands such as Nike, Gucci, and Coca-Cola have their own virtual environments. Meanwhile, within the entertainment industry, film producers, actors, and directors have begun to take advantage of NFTs. A few months ago, Warner Bros released a collection for ” The Batman. “
Netflix’s latest NFT scan comes amid difficult times for the company, which during the second quarter of 2022 reported losing nearly 1 million subscribers. The success of their $200 million production, “ The Gray Man, has not been as expected either, since the film only spent eight days at the top of the platform’s rankings.”
Netflix has been making efforts to promote the action film; after announcing a spin-off and a sequel, the release of the metaverse game with NFT awards may be part of an attempt to boost views of ” The Gray Man.”
