Verdict quotes Nick White on his cryptocurrency predictions for 2023
Nick White, Partner, provides comment for Verdict on cryptocurrency predictions for 2023.
"In 2023, Instagram will spearhead the expansion of NFTs and digital collectibles into mainstream consciousness, giving creators powerful new mechanisms through which to monetise their art and ideas.
Creators will be confronted by challenges in protecting their copyright against copycats and both creators and traders will face a steep learning curve getting to grips with the tax consequences of buying and selling NFTs and cryptocurrencies.
Record numbers of people will learn about and acquire their first crypto wallets. A handful will get scammed and become more streetwise as a result. It will provide fertile grounds for cautious experimentation and learning."
Read the full article in Verdict here.