NFTs To Web 3.0: What Made 2021 The Defining Year Of Cryptocurrency
NDTV
With major global announcements in the crypto market, 2021 was truly the 'year of cryptocurrency'. As we near the end of 2021, here's a list of all important events that helped crypto become a mainstream voice of the future.
From mainstream acceptance, emergence of new digital coins, to challenging central authorities over the notion of 'currency', 2021 will be remembered as the defining year of cryptocurrency across the globe. As the world prepares for Web 3.0, people have now been exposed to the idea of adopting the digital ecosystem for currency in the form of digital tokens, instead of cash.
Bitcoin - the world's oldest and largest cryptocurrency - seized mainstream acceptance with El Salvador, amid its dizzying rally throughout the year. Apart from this, blockchain-based technology gave birth to non-fungible tokens (NFTs) - being non-interchangeable - distinguishing itself from cryptocurrency.
The positive sentiment around crypto around the world has not only encouraged investors but a whole new breed of crypto entrepreneurs with the intention to transform the global financial system. The rise of crypto investors globally testifies the fact that it has emerged as the most popular investment avenue challenging traditional asset classes such as gold, stocks, and real estate.
With major global announcements in the crypto market, 2021 was truly the 'year of cryptocurrency'. As we near the end of 2021, here's a list of all important events that helped crypto become a mainstream voice of the future.