Following the recent announcement from PayPal that it would allow users of the platform to buy, hold, and transact in Bitcoin, Bitcoin Cash, Ethereum, and LItecoin, the financial service platform doubled down on its involvement with cryptocurrency with the announcement that it is seeking to acquire multiple cryptocurrency companies including the Bitcoin custody provider BitGo Inc. Despite concerns that continue to be raised by some in the cryptocurrency community, who point out that users will not be able to access the private keys of the coins they hold on PayPal or transfer their tokens to a private wallet they control, these developments continue to be bullish for the crypto space as a whole.
I also discuss the growing Polkadot ecosystem, and how I feel that it could play a pivotal part in the next year or two as more new money comes into the cryptocurrency space and some pressure needs to be taken off of Ethereum as Eth 2.0 continues its slow development and roll out. The Polkadot ecosystem could help take some of the transaction pressure as more and more projects built on Ethereum are bridging over to Polkadot in the interim.
Some of my favorite projects in the Polkadot ecosystem include Kusama (KSM), Akropolis (AKRO), a more recent addition to the community, OriginTrail (TRAC), which is also an ERC-20 project which I have discussed before.
I also briefly discuss Ocean Protocol (OCEAN) again, because I can't seem to stop thinking about this project and its potential. There already is a large amount of money and will continue to be vast amounts of funds and resources directed towards data and data management, and Ocean looks to play a key role in that sector.
Finally, I discuss Aavegochi and its gamified setup that I find entertaining outside of also having the potential to gain wide popularity to the likes of Cryptokitties times ten. The combination of DeFi and NFTs is likely to catch a lot of attention over the next year or two.