Sterling Witzke, who has been working as a professional investor in venture capital firm Winklevoss Capital for more than 5 years, believes that stablebinks are attractive for use in blockchain games. This and many other topics he discussed during an interview with Cointelegraph journalist Anna Berman.
With a passage of the above interview, you can find below.
Anna Berman: Could you name any specific companies with which you have already worked or want to invest?
Sterling Witzke: Unfortunately, at the moment there are no such companies. This is what I am actively engaged in now, but have not yet found. We have not made any investments in this industry. Most likely, we will focus on this next year.
In the United States and other developed countries, many blockchain applications are being developed that can make the market more efficient and correct what I call the “first world” problem. But in the end, we are talking about solutions that can make people's lives more efficient.
Anna Berman: In addition to the social use of blockchain technology, could you give an example of some interesting areas? In other words, which industries are the most promising for the blockchain?
Sterling Witzke: I think the use of blockchain for remittances is very interesting, but it is a social application. Very promising game industry. No one understands the economics of digital supply and demand better than game developers, and therefore this is similar to the blockchain's natural adaptation.
Imagine a child who spends all his time on the development of a game character. Another person who likes to play such a game, such as Fortnite, and does not have the same amount of time to engage in its development by its own efforts. In this case, the child can sell him a character. And, in fact, this is a good example of the use of steklebkoinov for trading goods in games.
Anna Berman: How much time is needed for mass adoption of cryptocurrencies?
Sterling Witzke: Most likely, a few years. First of all, with the basic infrastructure and with usability, many changes must occur before the average consumer uses blockchain applications.
In an interview with Cointelegraph, he also shared his opinion that at the moment there are people in the cryptocurrency industry who consider Bitcoin to be a means of storing value, and not a speculative tool.
