This is a guest opinion post from Eric Saraniecki, Digital Asset’s Co-founder and Head of Strategic Initiatives.
2021 was a banner year for digital assets, blockchain, and distributed ledger technology (DLT). Market caps of cryptocurrencies eclipsed those of many Fortune 500 companies. Non-fungible tokens (NFT) dominated the collective consciousness. Nations banned crypto for the tenth year in a row. Markets reinvented shorting derivatives, and incumbents got kind of, sort of serious about participating.
The chasm between the challengers and the incumbents is widening, with the former sprinting toward occasionally overzealous innovation, and the latter often stuck in cycles of lift-and-shift with legacy technologies and methodologies. The innovators are winning because they are embracing the strategy of Open Business — a shift in mindset and architecture that enables a truly interconnected global economy.
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