Founders Club Interviews Anndy Lian- Crypto Trends of 2023 (Part 1)

Founders Club Interviews Anndy Lian- Crypto Trends of 2023 (Part 1)

Founders Club brings founders from all walks of life together. Sergey Kochnev interviewed Anndy Lian, an intergovernmental blockchain advisor, investor and book author at Dubai, Blue Waters Island.

Current state of crypto

Anndy was also asked about the current state of the crypto market and Bitcoin’s future. He believes that the overall sentiments are not bad, and there is still hope for the market. The market has had a good run, and even though the projection towards a $30,000 run is around the corner, it’s just a matter of perspective.

He also believes that investing in crypto is a long-term game rather than a short-term one. It’s similar to investing in the stock market, where there are fluctuations, and people should expect them. He mentioned that during the 2016-2019 ICO era, people were having 10x and 100x gains within six or three months, which is not the case anymore.

Regarding the main trends in crypto, He stated that institutions are looking to create products using a basket of cryptocurrencies. They are not only interested in buying Bitcoin, but they also want to invest in other crypto assets.

Another trend is the rise of NFTs. They can represent anything from digital art and music to in-game items and virtual real estate. NFTs have become increasingly popular in recent years, with some pieces selling for millions of dollars. But with the rise in popularity of NFTs comes the risk of scams and bad actors in the space. By arming themselves with knowledge, people can avoid falling prey to bad actors and ensure they’re investing in legitimate NFTs. This is the gist of Anndy’s new book, NFT: From Zero to Hero.

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The problem with NFTs and Web3 is that some people are simply jumping on the hype train without truly understanding the technology. It’s important for people to understand the utility of NFTs and how they can be used in real-life businesses and games.

While some may argue that NFTs are simply a web2 experience, it’s important to remember that technology takes time to adapt and for adoption to take place. It’s similar to the dot-com bubble of the early 2000s, where it took a decade for companies to become trillion-dollar businesses. But with the cycles of innovation becoming faster, it’s likely that the adoption of NFTs and Web3 will happen more quickly.

How to gain crypto knowledge

Sergey asked about how one can gain practical knowledge in the cryptocurrency market? When it comes to cryptocurrency investment, many people focus on the potential gains and forget about the possibility of losses. It is important to understand that the experience of losing is just as much a part of the journey as winning. Therefore, it is essential to have practical knowledge before investing in this market. The first step towards gaining practical knowledge is research. Do not just read articles, try it out for yourself. You cannot claim to be an expert in something you have not experienced. Some people claim to work in exchanges or on projects without even owning an NFT or understanding how dynamic the market can be. Practical knowledge is key. Educate yourself about the market before investing. Knowledge is power and this applies to any investment, whether it’s real estate, stocks, or cryptocurrency.

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You cannot just jump into the market, hoping to get lucky and make a profit. Many people bought Bitcoin when it was at its peak, only to lose out when the market crashed.

It is also important to remember that hodling or holding on to a coin is not always the best option. You need to make your own decisions based on your understanding of the market. Do not blindly follow the advice of others without considering your own interests.

Looking ahead

Looking ahead to the end of 2023, it’s difficult to predict where the market will go. However, it’s clear that true decentralization and self-custody will continue to be important factors in the development of Web3 technologies. As the industry evolves, it will be important to stay focused on what is truly decentralized, and to avoid being convinced or confused by marketing hype.

Q3 and Q4 of this year will be a more promising time for the gaming industry. It’s also expected that bigger brands in the US will find a way to keep themselves in the game, while maintaining a good reputation. This is a significant advantage for the industry, as it will drive more positive vibes and traction. Web3 is expected to remain a good muscle within the US ecosystem, even without cryptocurrency. The industry is hopeful that this new technology will usher in a new era of gaming that is more secure, transparent, and accessible to all.

Anndy ended his interview by emphasizing that gaining practical knowledge in the cryptocurrency market is essential before investing. It is not enough to rely on theoretical knowledge or the advice of others. Research, try things out, and make your own decisions based on your understanding of the market. Remember, knowledge is power.

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Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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