Could Cryptocurrency's Investor Nightmare Impact The Future Of … – Allwork.Space

Over the course of just one year, the cryptocurrency market went from investment darling to a headache-inducing nuisance, particularly for the Web3 industry.   
Web3, which includes modern concepts like blockchains and the metaverse, lost nearly $4 billion last year due to fraudulence that shook some of the biggest players in the cryptocurrency world, according to Immunefi.   
Despite the shock that the industry has faced due to a myriad of reasons, including plummeting stocks and cryptocurrency founders being charged with fraud, it still managed to slash its losses by almost half year-on-year. 
Now, Immunefi expects Web3 to overcome blows to its reputation, forecasting the industry to grow from $3.2 billion in 2022 to $81.5 billion over the next seven years.   
“Web3 is still a brand new world, full of unknown paths,” said Mitchell Amador, founder and CEO at Immunefi. “That novelty, by definition, brings about a level of inexperience and danger to the game. Furthermore, due to the very nature of the Web3 ecosystem, where smart contract code holds huge amounts of capital, the environment is far more adversarial compared to traditional Web2 applications.” 
Because Web3 is still expected to make waves in the future of work, its challenges should serve as major lessons for leaders: invest in security, education and training when incorporating modern tools. 
Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.
News and Features
Business
Tech
Marketing
Design
Work-life
CRE
Coworking
Workforce
Daily Digest
Podcast
Resources
Marketplace
Events
Press Releases
FlexSpace, Coworking
and Office Space

Los Angeles
New York
Chicago
Washington, D.C.
Houston
Dallas
Miami
San Francisco
Atlanta
Philadelphia
Seattle
Austin
Company
About Us
Submit to Allwork.Space
Contact
Advertise
FlexSpace
Terms Of Use
FlexSpace FAQs
Privacy Policy
Connect with Allwork.Space
Twitter
Linkedin
Facebook
Instagram
YouTube
Apple Podcasts
Spotify
Google Podcasts
©2022 Allwork.Space  l  Exploring the FUTURE OF WORK® since 2003.
Login to your account below




Please enter your username or email address to reset your password.

source

Image - ThumbHow To Make Huge Profits In A Short Time With Crypto
Get detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Image - ThumbCrypto + NFT Quick Start Course
The #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet

About the Author: admin

You might like

Leave a Reply

Your email address will not be published. Required fields are marked *