At a time when the crypto space is looking to determine the next phase, Sergey Nazarov, co-founder of blockchain oracle platform Chainlink, shared some ideas on what the next step for crypto could be.

In an interview with Cointelegraph at the Token2049 event in Dubai, Nazarov shared how the crypto exchange-traded fund (ETF) space could evolve and what could encourage greater mainstream adoption for Web3 and digital assets.

According to Nazarov, with the approval of Bitcoin (BTC) ETFs, the crypto space can expect more ETFs of other coins and tokens. The executive emphasized that other tokens besides BTC and Ether (ETH) have the potential to gain approval for their own ETFs.

Additionally, the executive explained how tokenized real-world assets (RWA) could be created by Web3 companies and banks in the near future. The executive believes the Web3 world will further merge with traditional finance through RWA.

Nazarov also explained that the usability of crypto needs to improve to achieve wider mainstream adoption.

The Chainlink co-founder shared four key pillars that need to be addressed to encourage greater mainstream adoption.

Nazarov explained that the field is moving closer to these goals and will continue to "push the boundaries of what is possible."

What do you think the next phase of the crypto space could be? Share your opinions in the comments!#blockchain#crypto #Chainlink