Interview: Nansen CEO Alex Svanevik on Multichain Future and What’s Shaping the Crypto Industry

cryptonews.com:

Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

In an exclusive chat with the Cryptonews.com at TOKEN2049 in Singapore, Nansen CEO Alex Svanevek shared insights on the future of the multichain world and what he thinks is shaping the crypto industry.

Talking about the future of multichain, Alex said that it used to be kind of acceptable to be a maximalist of any one chain, but at this point it doesn’t really make sense anymore. “ I think we’ve demonstrated that the future is multi-chain, and, you know, that’s something we just have to embrace,” he noted.

Nansen recently acquired Singapore-based staking firm StakeWithUs.

Alex sees Real World Assets as a huge trend that’s shaping up the industry.

He said,” the first real world asset that had strong product market fit, and like Tether, Circle and so on, have demonstrated that. Now you have tokenized T bills, but you even have things like, you know, AI or compute DePin, things like tokenized GPUs and GPUs on demand. So to me, it seems obvious that in order for crypto to reach its full potential, you do need some kind of connection to the real world. It can’t be only digital, purely digital assets”.

However, Alex noted that it’s not one of those things that’s gonna explode overnight, it’s just gonna grow continuously and gradually increase the total market value of crypto in the next years and next decades.

Nansen CEO sees memecoins to be on a decline now. He noted that people have started to get a bit of fatigue from meme coins, probably because so many of them got rugged from finding bad tokens on Dex Screener.

Alex compared NFTs to the ICOs trend