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Cathie Wooden says DeFi and NFTs amongst “broad traits” to discover in 2022

Cathie Wooden says DeFi and NFTs amongst “broad traits” to discover in 2022
  • Wooden says blockchain technology is one of 5 traits alongside DNA sequencing, vitality storage, AI and Robotics

  • She says DeFI and NFTs had been broad in 2021 and will continue on the identical trajectory this year.

ARK Invest founder and chief govt officer Cathie Wooden says that blockchain technology is among the five key traits her investment fund is looking at in 2022.

The star investor, whose bets on Bitcoin and Tesla made for broad returns, believes two traits within the blockchain tech direct doubtless to continue to spy big investor hobby are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wooden turned into as soon as talking to TIME magazine.

Blockchain stays a ‘broad pattern’ in 2022

Requested about what traits Ark Invest turned into as soon as looking at this year, Wooden pointed to “five innovation platforms.” In step with her, these are areas around which the fund has wide be taught and which were shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that can turned into healthcare, whereas but any other closely watched platform is Robotics, “especially adaptive robotics, she added.

Power storage is but any other broad pattern the investment fund is focused on in 2022, with the Ark Invest CEO giving the nod to electrical autos over gas-powered ones. Tesla has led in this class, with diversified automakers fancy Rivian, GM, and Ford additionally seeing significant ask in 2021.

Investment alternatives within the Artificial Intelligence direct are additionally broad on the fund’s books, as is blockchain technology.

Wooden told TIME that decentralised finance and non-fungible tokens are doubtless to continue being broad for investors. She believes among the traits in 2022 shall be DeFi taking on a colossal allotment of the market fragment at the present dominated by extinct financial.

Last year, an estimated $44 billion price of NFTs had been sold, whereas the DeFi sector saw over $240 billion in full price locked (TVL). Per info from DeFi Llama, the TVL at the present stands at $235.88 billion, with 9.87% of that locked within the Curve Finance protocol.

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