The metaverse is expected to grow tenfold over the next seven years as brands from Starbucks to the NBA get involved. That could mean huge profits for investors who purchase tokens that represent the virtual world.
Centralized Exchange Scrutiny Will Spur Research of Decentralized Exchanges
When I was early in my crypto journey, centralized exchanges served as a welcome on-ramp where I could set up an account, link to a bank account and then press a button and see that I’d just purchased bitcoin . I also provided loads of personal information during the Know-Your-Customer process. Certain fundamental attributes are certainly worth paying attention to. For starters, with DEXs you will largely be dealing with code as opposed to humans. Math as opposed to management. Unlike crypto CEXes, DEXes do not really resemble the New York Stock Exchange or Nasdaq.
In fairness, this is done by both centralized and decentralized exchanges. The distinction with DEXs, however, is that while a CEX has to consider the interest of both individual shareholders and token holders, no such conflict exists within DEXs.
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