What to expect in the crypto world in 2022? Prof. Nicola Fausto Spoto (Takamaka) explains

It’s impossible to talk about investments and finance in 2022 without mentioning the words crypto, blockchains and NFTs (Non-Fungible Tokens). The crypto world has become synonymous with the new decade. Major investments in cryptocurrencies and NFTs are on the news nearly every single day, and in India it’s no different: in 2020, 18% of super rich Indians invested in cryptocurrencies and NFTs.
This is just a sign of an undeniably global trend. The global blockchain technology market has been estimated by Grand View Research to be valued at $ 3.67 billion in 2020, but with forecasts indicating expansion at a compound annual growth rate (CAGR) of 82.4% from 2021 and up to 2028.
This trend towards a more mainstream understanding of the crypto world is positive, but it’s important for newcomers to have all the information available to make the right decisions with their hard-earned money. That’s why it’s crucial to hear the experts and their warnings, as they could help you avoid potential mistakes that could cost you greatly, especially in the post-Covid world.
“Certainly in 2022, things in the crypto world could get worse sooner than in the real world. Several analysts foresee a ‘cryptowinter’ that will however test many applications and projects that must be able to maintain and demonstrate a certain long-term sustainability, regarding business models, teams, and much more,” says Nicola Fausto Spoto, associate professor at the Computer Science Department of the University of Verona and an expert in languages and techniques for the development and analysis of smart contracts for blockchains.
Prof. Spoto is one of the talented brains at Takamaka, a latest generation blockchain platform developed by AiliA in 2018. Takamaka presents a consensus algorithm, called Proof Of Stake (POS) and offers new user-friendly solutions for enthusiasts, companies and programmers. The number of Users registered on the Takamaka platform is constantly and continuously growing; to date there are almost 20,000 registered and authorized users on Takamaka.io
Takamaka is a protocol similar to Ethereum, but faster and more secure, designed to be used in Java language, with a usability and familiarity of the code of use, which makes the approach friendly to most of those who start ideas and projects in Blockchain.
The professor and crypto expert explains that inflation could remain at significant levels throughout 2022 and interest rate increases could block the momentum of the equity market, damaging the price trend on stocks and further aggravating the crypto market.
However, Prof. Spoto stresses that there are key ingredients to achieve full success, so a cryptowinter could paradoxically be good, especially for those who follow and invest in WEB3 projects.
“Young companies and start-ups, passionate and with great visions, are attracting huge amounts of money, both from venture capital and fundraisers originating from crypto crowdfunding, in a continuous and astounding growth, leading to an interest in protocols and use cases, and in strategic sectors for cryptocurrencies, such as DeFi, NFT and WEB3. The development does not stop, regardless of the period and the trend of the economic value linked to speculation and the whole movement, in spite of the market and its trend, is in full fibrillation,” explains Prof. Spoto.
Growth isn’t only experienced in development and technology, but also in investments by the younger part of society, eager to contribute to the expansion of a sector that will disrupt and change the old institutions.
“For those who believe that the future of the sector can continue to progress and bring innovation, a ‘cryptowinter’ is certainly to be considered a period of important purchase opportunity,” concludes the expert.