Pantera CEO bullish on DeFi, Web3 and NFT as Token2049 kicks off
Pantera CEO Dan Morehead provided an optimistic outlook for the broader cryptocurrency space in a keynote presentation at Token2049 in Singapore.
Event
Pantera CEO Dan Morehead highlighted the potential growth and value of decentralized finance (DeFi), Web3 functionality, non-fungible tokens (NFTs), and metaverse applications in his keynote at Token2049 in Singapore.
Thousands of attendees converged at the Marina Bay Sands Convention Center on Wednesday for the start of the two-day conference, which features prominent speakers from the cryptocurrency and blockchain ecosystem.
>Pantera, a blockchain-focused investment fund with $4.5 billion in assets under management, said it continues to see value in new crypto use cases.
Morehead drew a parallel to the early 2000s, when emerging technology companies such as Amazon, Apple, and Google began attracting major investment after years of Microsoft's dominance in the stock markets.
Pantera Dan Morehead, CEO and Founder of Capital.
Morehead pointed out that while Bitcoin (BTC) and Ether (ETH) have dominated investors' cryptocurrency portfolios over the past decade, he argued that new projects and use cases could promise even greater returns on investment:
"We're almost at the point where half of the whole market is things that aren't the two major blockchains and I'm still very bullish on Bitcoin and Ethereum. But I just think those projects are going to be still better performers and should be in someone's portfolio."
DeFi, Web3, NFT and metaverse projects show the most promise, according to Morehead. The Pantera CEO also reflected on the state of DeFi, which endured a tough few months after Terra's collapse and the contagion of now-defunct lending...
Pantera CEO Dan Morehead provided an optimistic outlook for the broader cryptocurrency space in a keynote presentation at Token2049 in Singapore.
Event
Pantera CEO Dan Morehead highlighted the potential growth and value of decentralized finance (DeFi), Web3 functionality, non-fungible tokens (NFTs), and metaverse applications in his keynote at Token2049 in Singapore.
Thousands of attendees converged at the Marina Bay Sands Convention Center on Wednesday for the start of the two-day conference, which features prominent speakers from the cryptocurrency and blockchain ecosystem.
>Pantera, a blockchain-focused investment fund with $4.5 billion in assets under management, said it continues to see value in new crypto use cases.
Morehead drew a parallel to the early 2000s, when emerging technology companies such as Amazon, Apple, and Google began attracting major investment after years of Microsoft's dominance in the stock markets.
Pantera Dan Morehead, CEO and Founder of Capital.
Morehead pointed out that while Bitcoin (BTC) and Ether (ETH) have dominated investors' cryptocurrency portfolios over the past decade, he argued that new projects and use cases could promise even greater returns on investment:
"We're almost at the point where half of the whole market is things that aren't the two major blockchains and I'm still very bullish on Bitcoin and Ethereum. But I just think those projects are going to be still better performers and should be in someone's portfolio."
DeFi, Web3, NFT and metaverse projects show the most promise, according to Morehead. The Pantera CEO also reflected on the state of DeFi, which endured a tough few months after Terra's collapse and the contagion of now-defunct lending...
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