The post Founder Sergey Nazarov Foresees Web3 Boom appeared on BitcoinEthereumNews.com.

Chainlink’s Sergey Nazarov is convinced trillions will enter the Web3 world. With tokenization at the forefront, he sees Chainlink capturing a large market share in RWA adoption. Chainlink (LINK) co-founder Sergey Nazarov foresees trillions of dollars flowing into Web3 in the next few years. Nazarov says Real-Word Asset (RWA) tokenization will be a key influence in supercharging the Web3 growth.  A Blend Between TradFi and DeFi In his keynote address at Singapore’s Token2049, Nazarov says the value increase moving from Traditional Finance (TradFi) will alter the nature of the blockchain industry. He claims this shift will be driven primarily by tokenized RWA, which he foresees will surpass that of cryptocurrencies on Web3 in the coming years. During #Chainlink‘s meetup at @Token2049, @SergeyNazarov and @StaniKulechov sat down for a discussion on real-world assets, the rise of DeFi, and future plans for Chainlink and @aave. Watch now: https://t.co/FTracNl6DL pic.twitter.com/EyEtX5AAcf — Chainlink (@chainlink) September 18, 2024 The co-founder said TradFi will grow to become the biggest Decentralized Finance (DeFi) user. Therefore, he highlighted Chainlink’s role in enhancing TradFi’s proper data utilization from various blockchains to the DeFi ecosystem. He says Chainlink will help provide these institutions with NAV and other traditional market data going on production for real value. Nazarov added that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) can also help connect liquidity from one chain to another. He cited the movement of stablecoins in a payment transaction in return for some asset on another chain as a typical example of how CCIP can be utilized. He further noted that Chainlink’s CCIP excels in managing risk around identity, compliance, and reliability of transactions. Nazarov emphasized that TradFi can leverage CCIP to synchronize blockchain activities with their systems, accelerating their value to move on-chain. Nazarov pointed out its collaboration with SWIFT in assisting existing TradFi…

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Filed under: News - @ September 20, 2024 2:17 am