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Crypto uniquely allows ownership to be distributed widely on emerging platforms In a conversation with Bloomberg’s Emily Chang, Variant Fund co-founder Li Jin stated that the venture investment firm will back projects that are looking to capitalise on the ownership economy. The remarks come weeks after Variant announced the creation of a $110 million fund for cryptocurrency and blockchain-based start-ups. Describing the relevance of the ownership economy, Jin stated that all next-generation internet platforms are going to be built, operated and developed by their users. She believes that projects which are equipped to offer distributed ownership are likely to experience faster and larger growth than those with centralised models. Cryptocurrency uniquely enables such decentralisation by allowing value to be distributed among a large number of participants, the co-founder explained. Jin pointed out that the problem with large centralised corporations can be seen in the creator economy wh...

Cryptocurrencies are fast becoming mainstream, and it is only a matter of time before major banks start to consider crypto trading. Vikram Pandit, the former CEO of Citi, believes that every major financial institution in the world will be considering cryptocurrency trading in a few years. Pandit said this during an interview at the Singapore Fintech Festival. According to the former Citigroup CEO, every major bank in the world will consider buying and selling cryptocurrencies within one to three years. Cryptocurrencies have become some of the leading financial assets in the world and continue to gain adoption in various parts of the world. The cryptocurrency market has grown to become a $3 trillion industry and is expected to record further growth over the coming years as more retail and institutional investors enter the space. Some of the major banks in the world, including Goldman Sachs, Morgan Stanley, Citigroup and JPMorgan, are involved in the crypto space in various degrees. How...

One should never take the potential of blockchain technology lightly. However, there is a big difference between creating a viable decentralized ledger and providing an infrastructure backbone. Several projects rise above the norm in this regard, each of which has its own specific purposes. Blockchain Technology Is An Enabler Of the many different types of innovative technology on the market today, blockchain appears to be a completely different creature. Governments or other centralized entities do not control it, yet it is capable of existing globally. With blockchain technology come many great opportunities yet equally great responsibilities. This decentralized technology can empower billions of consumers globally, but only if it is implemented correctly and made accessible without friction. So far, there have been thousands of concepts, ideas, and proofs of concept regarding blockchain technology. Ideas span various industries, segments, and use cases, ranging from financial purpos...