Mahdad Khatami, CEO of Bitandex, shares his insights about how metaverse and crypto will ensure digital transformation-retail to finances.
Cryptocurrency is an all-encompassing medium for financial freedom and breakthroughs in technology. In this peak potential era, those who invest in crypto are building future empires and leveraging the industrial era. Mahdad Khatami, entrepreneur and CEO of Bitandex has been the one to execute his indigenous ideas and create a platform for people to understand how their funds can multiply exponentially.
From his experience, Mr. Khatami believes that preparation and eagerness to learn can beat all the gaps in your understanding of the space. The crypto world is definitely volatile, but there's always a win-win side to a situation. Capital markets are meant to grow, and even when the growth trajectory goes down, it'll rise at some point in time. With time and upskilling, people should understand when to buy and sell to make a deal lucrative. Crypto might be uncertain but studying the trends and relationship between the investment avenues is the way to overcome these small hurdles.
Be Clever And Regulate Laws
As per Khatami, one of the biggest myths to debunk about crypto and the metaverse is its legal nature. Mining and earning on crypto is legal, but not when it's done with malicious intent. Countries need to implement stricter laws, and fines for illegal mining, and eliminate the weaknesses in the current laws. For example, even after Bitcoin's high energy cost, and damage from using miners, or devices that extract the currency, people are still keen to invest and use it. The regulating bodies need to do an in-depth analysis of the laws and understand how they can harness the potential of the avenues without compromising the safety and security of users.
Smart Contracts Are The Way
Security has always been a prime issue related to crypto. Not to mention the multiple hacking and cyber attacks like the $614 Million attack on Ronin Network. The possibility of data stealing should be covered by smart contracts.
These give full liberty to users over their digital wallets and the encryption system keeps the funds and tokens safe. He wants to remove intermediaries from the mix and give them the authoritative right to take investment decisions.
He also stated Metaverse is the link between the digital and the physical world. Moreover, the spending on education will also be reduced as online training and courses will be the source of education for even remote locations. He adds that specific fields have sources of entertainment that are not accessible to anyone, but Metaverse will make it possible. To know more about, Mr. Khatami's latest crypto-related venture, visit here.
