“It is time for a narrative shift.”
2022 tested our resolve as an industry, with inflation, failed institutions, and fear dominating. As we enter a new year, it is important to refocus on the values and fundamentals that brought us here.
At Nexo, we have been committed to guiding our clients through traditional and digital asset finance, safely and responsibly, for the past five years. But I personally recognize that the events of the past year have affected the overall public perception of our industry and that it is time for a narrative shift. And while the controversial day-to-day crypto debates continue full steam ahead, I cannot overstate one particularly important trait of the digital asset space – its antifragility. Our beloved industry ultimately gains from disorder and thrives as a result of shocks. Learning from the past while remaining laser-focused on the future is the key to progress, development, and growth.
Therefore, in this post, I will share my reflections and a call to action on how we can overcome these challenges together in the coming year, using the concept of personal New Year’s resolutions.
Read more books. Empower people through clear and accessible educational information that would help them make informed financial decisions.
Take control of your weight. Encourage more people to take control of their financial lives and achieve their financial goals, using the power of Web3.
Create a cleaning schedule. Support a regulatory framework that fosters innovation, while ensuring the industry is a safe, clean, and fair place for consumers.
Commit to a healthier sleep routine. Create a more positive and productive environment, focusing on the opportunities stemming from blockchain technology.
Eat good food. Bring up new product and services that create value for the customers and contribute to the greater good.
Do random acts of kindness. Help those who are currently excluded from the traditional financial system gain access to the same financial opportunities available to everyone else.
Meditate. Foster a culture of respect, inclusivity, and collaboration within the crypto industry, not losing sight of the big idea of decentralization.
Drink less alcohol. Consume information responsibly and thoroughly and be mindful of the limitations and potential biases of any given source.
Quit smoking. Quit the generalizations and face the fact that greed is a common human flaw, not a problem of the underlying technology or the concept of cryptocurrencies itself.
I am convinced that our industry will emerge from this crypto winter stronger than ever before. Our goal at Nexo remains to provide customers with secure, future-proof financial products they can trust.
It is now clearer than ever that such products are much-needed. In 2022 only, customers using our products, such as the Nexo Card, chose to retain ownership of some $100 million worth of cryptocurrencies — an option allowing them to ease their tax burden and keep the upward potential of their assets instead of selling for liquidity in a subdued market environment.
I am also very excited about the potential of our non-custodial solution – the Nexo Wallet. We aim to give everybody full controll over their financial transactions and operations through a single entry point, easily managing their every day spending, saving, investing, and on-chain activities. It’s the first step of a long journey, but an important one and in the right direction.
On behalf of Nexo’s team of builders and financial professionals, I wish you a prosperous new year, and thank you for your continued loyalty and support.
Co-founder and Managing Partner at Nexo