[Planning] The forecast of the cryptocurrency market in 2022 by 26 industry experts②

14. Jung Hae-kwon

– Deputy Director, Korean Political Department, WikiLeaks
– Editor-in-Chief of Sisa Ilbo
– Deputy Director, Ministry of Industry, The Value News
– 2% secretary of the coin-specialized reporters

Just as virtual assets must meet real assets, taxation, which is emerging as a new topic, including legislation for entry into the real world of virtual assets, and the designation of the government’s department in charge are currently in progress. It is at the center of being the turning point of the transition.

The negative image of cryptocurrencies will evolve into NFTs of virtual assets and works of art, and it will be the first year of a new financial year that is changing in a new world.

15. Do Hyeon-soo

– Representative of ProBit Exchange
– Partner Attorney at Kim & Chang Law Firm
– CFA
– NYU Stern School of Business, MBA
– Completion of the master’s course in Economics at Seoul National University
– Judicial Research and Training Institute (30th class)
– Bachelor of Electrical Engineering, Seoul National University

2022 is expected to be a year in which the base expansion of blockchain and virtual assets will accelerate further. Globally, virtual currency will take its place as a new investment and transaction medium, and various attempts using virtual currency as well as DeFi and NFT will increase.

In Korea, in the process of establishing regulations related to virtual assets, the industry has faced various difficulties, and it has also been seen that the industry has missed the opportunity to lead the global market and fell behind the trend. However, it is expected that next year will be a year in which domestic operators are active at home and abroad along with improvement of regulatory transparency.

16. Lee Chul-yi

– CEO of Poblegate
– Director of Poblegate Human Resources Development Institute
– CEO of Bitor Group, a blockchain-based fintech company

Blockchain, which has emerged as a very promising technology in the IT field, has already become an industry that everyone, regardless of age or gender, has already known due to the virtual asset craze in 2016. Although it is currently being intensively applied to the game and content industries, it is expected that global companies will enter the block chain industry and expand to a major technology used in all industries, which will make it more closely integrated into our daily life.

17. Lee Jeong-yeop

– President of the Blockchain Law Society
– Chief Judge of Seoul Rehabilitation Court

Liquidity from the huge supply of dollars will flow into the digital asset market. The advent of adventurous, cross-border financial services will open up a large global market and 2 billion new players will appear in the market.
Organizations that emerge under the name of virtual asset providers will try to build digital networks, and funding will come in a variety of ways. Anyone can become a global creator, and anyone on Earth will be able to register their digital output as a global asset. The wealth of the planet will explode with blockchain technology, and artificial intelligence technology to manage this wealth will follow.

18. Goo Tae-eon

– Member of Blockchain Forum, Financial Supervisory Service
– Advisor to Korea Association of Blockchain Associations
– Director, Korea Blockchain Industry Promotion Association
– Self-regulatory member of Korea Blockchain Association

Regulations on the virtual asset industry are in full swing. The problem is that it is being legislated as a blocking regulation, not an opening regulation. Different regulations have to be regulated according to the nature of virtual assets, but as the investment properties of virtual assets are highlighted, all bills of lawmakers of lawmakers are also unified by the Financial Services Commission. Since the Financial Services Commission is a regulatory agency, not a promotion ministry, an approach like this would be better as a result of crippling the industry. Korea had side effects such as the dot-com bubble in the early days of the Internet industry, but as a result of not making the Internet industry a license system, it has become the current ICT powerhouse. Let’s not forget that pre-regulation is a way to put an impact on the industry. And let’s have a voice

19. Lee Jang-woo

– CEO of Uproot Company
– Co-founder of Nextiv / Head of Blockchain Lab
– Adjunct Professor, Global Entrepreneurship Center, Hanyang University

The era of digital assets is opening up. In particular, in 2022, web 3.0 will become a trend leading the virtual asset industry. Among them, growth in fields such as NFT, DAO, and bridge is expected to stand out. In 2022, the NFT market will enter NFT2.0. Currently, NFT 1.0 can be defined as a period of proof of value for NFTs as digital collectibles, and NFT 2.0 can be defined as a period of creating convergence and interoperability with the metaverse. 2022 will be the year when we need to think about how NFTs are combined and operated in the metaverse.

20. Jinyoung Choi

– CEO of Korea Herald
– Former Mayor of Namwon

ABCD5G! This is the keyword of the 4th industrial revolution. AI, Blockchain, Cloud, Data, 5G ,NFT, Metaverse… To live in an era where you can directly feel and experience the moments of the evolution of a new and great civilization and change your life independently is a great blessing in itself. This is the essence of a true revolution, and it seems to be the special reason why we must constantly innovate and take on challenges even when it is difficult. The new year of 2022 will be a year in which unimaginable advances in science and technology will become a revolutionary big bang. We are passionately cheering for 2022 as we lead a new civilization by fusion and fusion with each other with Blockchain Today!

21. Jo Jae-woo

– Assistant Professor of Smart City Planning and Environmental Business Track, Department of Social Sciences, Hansung University
– KAIST 4th Industrial Revolution Intelligence Information Center Training Institute
– Doctor of Urban Planning at UC Irvine

The flow of Bitcoin being absorbed into the system will continue, and the speed will gradually increase whenever there are events such as spot ETFs and sovereign wealth fund incorporation. However, as a reaction against it, anonymity, zero-knowledge proof, and homomorphic encryption will emerge. In addition, layer 2 projects such as Lightning Network and Rollup are actively progressing, and interchains centered on them will also receive attention.

22. Minyang Jo

– Professor, Department of Computer Software, Dong Seoul National University
– Head of Department of AI Application Software, Dong Seoul National University
– Vice President of Korea Blockchain Society
– Ministry of Science and ICT/Seoul City Blockchain Regulation Improvement Advisory Board
– Operating Director, Korea Financial ICT Convergence Society

In 2022, digital assets will be spread and applied in various fields. In particular, the role of digital assets to which NFT is applied in the metaverse will develop into a business that goes beyond common sense. Cryptocurrency will be a trigger for recognition of the status of an asset as a subject of taxation through the Supreme Court ruling that it is a property gain, but it will be a time when patience is needed to spread and spread in the real world.

23. Woohyun Jung

– CEO of Atomix Lab
– Seoul Ethereum Meetup Operator
– Korea Ethereum user group operator

In 2022, Ethereum will completely move away from its reliance on proof-of-work (PoW) and merge into Ethereum 2, powered by proof-of-stake (PoS). It will be recorded as a major milestone in the blockchain ecosystem that can meet the eco-friendly trend, which is becoming increasingly important. It is expected that the year will be even more outstanding thanks to the hard work of the Ethereum community to not give up on the principle of decentralization while enabling high-capacity processing. Efforts to popularize various decentralized applications in various fields will also be strengthened.

24. Bruno (Hyun-Jin Cho)

– CSO, Co-founder of Zellyspace Co., Ltd
– Co-founder of Foblgate Co., Ltd

In 2021, various values ​​that have not been expressed in the blockchain ecosystem have started to debut in the world as NFTs. Now, the world of decentralization created by blockchain has become an irresistible trend.

In 2022, it is expected that many communityized businesses will be created that can strengthen bonds between people who own virtual assets. This is starting to be applied across all industries at a very fast pace, and it is expected that many game changers will be born that threaten existing players in each industry. ‘Whether to ride on the new trend or remain as it is’ will be a big concern for existing players.

25. Joo Young-seop

– Special Professor at Seoul National University
– President of Korea Digital Innovation Association
– Full member of the Korean Academy of Engineering
– Former Director of Small and Medium Business Administration
– Ph.D., Pennsylvania State University, USA

The digital asset market is expected to enter a period of full-scale growth in 2022. The virtual currency market led by Bitcoin is still expected to undergo great volatility depending on the policy directions and market conditions of major countries. It is expected to lead to substantial growth. In addition, it is expected that interest in the new economy based on shared growth and coexistence pursued by blockchain will increase.

26. Kim Sang-deok

– CEO of Vinetree Co., Ltd.
– CEO of Ludena Protocol
– PSYNET Co., Ltd. Business Head/Director
– Master’s degree in Electrical Engineering, Hanyang University

Although significant progress has been made in many areas of the blockchain market in 2021, the Play-to-Earn (P2E) game market, represented by game NFT and Axie Infinity, is a single blockchain game, generating more than $900 million in revenue by 3Q this year alone. Thus, it showed great potential for growth. In Korea, companies such as WeMade and PlayDapp are making good results, and many large game companies are rushing into the blockchain game market. Of course, in order for the P2E game market to grow further in recent years, there are still tasks to create a high-quality game ecosystem that creates a virtuous cycle of goods in block-chain games by adding the fun of games to a structure that simply makes money while playing games.

It is clear that there is still a difference in the understanding of the market and the government regulation on the blockchain game market in Korea, but in the global market, global game companies such as Animocar Brand, The Sandbox, and Gala Games, and Layer 2 such as Solana and Engine Global players who want to quickly create an ecosystem based on a solution are preparing to launch a large-scale P2E game with an astronomical fund configuration.

I am sure that 2022 will be a year where more and more blockchain games will challenge themselves to go beyond the possibilities shown by Axie Infinity. In addition, I hope that it will be a wonderful year in which many Korean game companies jump freely into the global market beyond the barriers of domestic regulations in the P2E game market.

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