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Outlier Ventures CCO: People may use a 'more efficient, much less costly system to achieve the same user benefit'

Web3/Crypto
Webp law
Matt Law, chief commercial officer at Outlier Ventures | Crypto Republique

Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit." Law made this statement during his talk at Binance Blockchain Week.

"A lot of emerging countries actually just completely jumped over having a desktop PC at home and just ended up with a smartphone," said Law. "And it wouldn't surprise me at all if you see a lot of people now just using a much more efficient, much less costly system to achieve the same user benefit."

The tokenized asset market is projected to expand significantly, from $1.5 trillion to $16.1 trillion by 2030, as forecasted by Boston Consulting Group (BCG) in 2023. This growth indicates a promising outlook for borderless, on-chain investments.

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According to a report by The Wall Street Journal, in March 2024, BlackRock, in collaboration with Securitize Markets, launched its first tokenized money market fund on the Ethereum blockchain. This initiative signifies BlackRock's commitment to integrating blockchain technology into traditional financial products.

Law is the Chief Commercial Officer at Outlier Ventures and has over 20 years of experience in the digital industry. He is also the founder of Move78, a creative capital studio. He advises ventures in distributed computing, media, artificial intelligence (AI), financial technology (fintech), and the Internet of Things (IoT), including Outlier Ventures, Boson, Fetch.ai, and Brave Bison.

Outlier Ventures was founded in 2014 and is recognized as a prominent Web3 accelerator and investor. It supports Web3 startups, investors, and partners globally through its Base Camp accelerator and Ascent token launch advisory. Its portfolio includes companies like Biconomy, Boson Protocol, Brave, Fetch.ai, and IOTA.

Binance Blockchain Week is a conference that brings together innovators, founders, investors, regulators, and officials to discuss the future of blockchain and Web3. According to the event's website, this year's theme is "Momentum." The website states that "Momentum propels our industry," helping navigate challenges while leading to significant achievements.

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Matt Law, Chief Commercial Officer at Outlier Ventures, said that it would not "surprise" him if many people embrace "more efficient," cost-effective systems like tokenization to gain the "same user benefit."

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Irina Heaver, a crypto lawyer at NeosLegal, emphasized the importance of user education in the cryptocurrency sector.

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Richard Teng, CEO of Binance, said that cryptocurrency is in the "early stage of adoption" globally, although major institutions are beginning to embrace blockchain and crypto agendas.

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De Nederlandsche Bank (DNB) has announced a €2,250,000 fine for Bybit Fintech Limited.

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