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Trump-linked World Liberty Financial would have ‘raised $1 billion’ as a 2017 ICO, Infinex’s Kain Warwick says

theblock.co 21/10/2024 - 17:58 PM

The Crypto Beat Episode 8

Host: Tim Copeland (Editor-in-Chief) and Daniel Kuhn (Senior Reporter)
Guest: Kain Warwick (Founder of Infinex)

In episode 8 of The Crypto Beat, Tim Copeland and Daniel Kuhn welcomed Kain Warwick to discuss his new platform, Infinex, and the future of the crypto market.

Key Discussion Points

Future Predictions

Warwick shared that he believes the crypto market is on the verge of returning to the spotlight next year, contrasting the past months' behavior to “PVP-games.” He expressed optimism about market maturation, especially in the onboarding process for newcomers.

> Quote: “Next year is going to be wild.”

Political Context

Warwick's outlook is intertwined with the upcoming U.S. presidential election, suggesting that Donald Trump's pro-crypto stance is transforming the political landscape surrounding cryptocurrency. He remarked,

> Quote: “Either we’re going to be saved or we’re all going to jail.”

He expressed a desire for change, hoping for a shift away from current Democratic policies and calling for the dismissal of Gary Gensler.

World Liberty Financial

On the recent launch of Trump-backed World Liberty Financial, Warwick attributed its poor token sale to the shift away from ICOs towards memecoins. He noted the misalignment between Trump's supporter base and crypto enthusiasts, leading to lower demand.

DeFi Renaissance

Warwick described the current state of decentralized finance (DeFi) as experiencing a “renaissance,” with passionate developers re-engaging with the space. Citing his experiences as the founder of Synthetix, he noted that earlier DeFi projects catered primarily to enthusiasts and indicated that demand saturation had occurred.

Warwick explained that Infinex aims to reduce the barriers to entry for new users, stating,

> Quote: “Infinex is about smashing the fence to pieces so that anyone can walk in and play DeFi.”

He criticized the complexity of learning gas fees and private keys, asserting that new platforms like Infinex will be significant in unlocking access for broader user participation.

Conclusion

The full conversation can be viewed here.




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