Insights
InsightsSubscribe
The Vault
Jan. 31, 2022
Startups and Their Role in the Crypto and Web 3.0 Space
Partner and Chair of Nelson Mullins' FinTech and Regulation Practice Richard Levin was recently quoted in an article on Hypepotamus, an online platform discussing technology news and resources. The article discussed the the rise in popularity of blockchain and digital currency amongst startups.
Levin noted that many believe blockchain technologies will be the backbone of web 3.0. Web 3.0 is the new phase of in web interaction and marks fundamental changes of website creation.
"If you had told me in early 2011 when I started focusing on blockchain and digital assets that I would see the Federal Reserve talking about a blockchain-based central bank digital currency, or investment banks working with hedge funds investing in cryptocurrencies, or about [talk of] putting derivatives and other securities products on the blockchain...I would have laughed," Levin said.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.
