Changpeng Zhao predicts: SocialFi and GameFi will be the main drivers in 2022

On January 11, Binance CEO Changpeng Zhao published a comment in the India section of Fortune magazine. He said: “DeFi saw rapid innovation in 2021, and we may see booming interest and innovation in 2022, with SocialFi and GameFi being the main drivers.” He explained that NFTs, P2E games and Metaverse ( The growing popularity of the concept of the metaverse has enriched the community, as these fields are not solely concerned with financial gain. The above fields have attracted the interest of a diverse population. The growing attention of retail investors in 2021 will help drive innovation in social networking, gaming, fintech, VR, AR and more. And challenges remain in DeFi, especially in building complex financial instruments, establishing liquidity and capital efficiency, and managing risk and security. As DeFi matures, smart solutions will emerge to support the needs of the community. Furthermore, he is optimistic that the global cryptocurrency adoption rate will rise to 20% in 2022 from the current 5%.