Having witnessed the multiple wins and breakthroughs in 2021, most crypto enthusiasts were brimming with confidence and optimism for the year ahead. However, 2022 was without a doubt a tumultuous and challenging year for the crypto industry — greeted with the dawn of the “crypto winter”, failed algorithmic “stablecoins” and the domino effect ensuing the series of implosions and bankruptcies in the industry.

Nonetheless, it is not accurate to say that the industry has only experienced downsides throughout the year. Globally, we got to see more mainstream adoption of crypto, and had a greater presence in celebrated sporting events such as The Super Bowl and FIFA World Cup Qatar 2022. Along with that also came more discussions and conversations about blockchain technology across the globe. From the lavish crypto events held across the various regions, to conferences amongst industry leaders and regulators, crypto’s prominence in the financial sector has progressively expanded in 2022.

What can we expect for 2023
The blockchain and crypto industry is currently still at its nascent stage with more untapped potential waiting to be explored. Despite the multiple industry upheavals over the past year, it is important to draw a distinction between human errors and technological flaws. The failures seen in 2022 did not occur from lapses in blockchain technology and were instead results of erroneous judgement and poor decision-making. As we usher into 2023, here are some…