As governments, companies and financial institutions are climbing on board the blockchain boat. You have nothing to be afraid of because according to Chris Snook, it’s never too late to get your ticket.
Chris Snook is the managing partner at Launch Haus and the chairman and founder of the World Tokenomic Forum. Chris started off in the Business and entrepreneurship world and has 20 years of experience in the business. Chris said that young investors can look at the current crypto landscape like the coming of Internet 2.0 back in the early 2000s.
“Right now is one of the most exciting times to be alive. I feel fortunate to be alive and to be in business. I think the next decade will be one of the most exciting we’ve ever seen, but I’m also not romantic about it. I understand that winter is coming, and I know what that looks like. I also know what’s on the other side of it.”
Chris Snook’s believes that Blockchain technology will be an integral part of transforming the market economy into a token economy, which is essentially a market economy that features digital contracts. One of the key features of the token economy is the digitalization of physical assets.
He added that something like this has already happened in a few industries including the music industry. “Music went from a record to a tape to a CD. Then it shifted to a download and now it’s a stream. This shift shouldn’t shock us – it’s been happening for years.”
The new Blockchain technology means a huge influx of talent pouring into this new sphere. Snook added,
“I don’t know who’s going to be the Facebook of the blockchain era. What we have now is the opportunity for a more equitable prosperity that is driven by real economics and not debt. There will be a lot of murkiness until those standards are set, but once they are, it will be a lot easier to stand up the application layers. If I was investing right now, I’d be looking at infrastructure plays. I’d be looking at what governments and banks need, whether they know they need it or not.”