Sonic Capital's Stefan Rust on DeFi, DAOs, and tokenizing our world
Biggest developments in 2020 A big roller coaster in crypto prices: “In January, the bitcoin price dropped down to about [US$6,000] and now we’re [over US$22,000]. I think that’s huge.” Decentralized finance (DeFi) and decentralized autonomous organizations (DAOs) gaining momentum: “DeFi’s [growth has] been in the making for four years, but in the summer this year, it really got traction with Uniswap, doing about US$500million in daily trading volume. Minuscule in contrast to the overall finance market, but still a big, significant step. I love the DAO market. A lot of companies a...
Source: forkast.news