The number of NFT holders increased by 250%, from 1.5 million to 3.7 million

While the crypto market experienced a harsh winter in 2022, with significant fluctuations, the number of NFT holders increased by 250%, from 1.5 million to 3.7 million.

I find this number pretty amazing since this resulted in the NFT market value skyrocketing 122 times to $12.2 billion since 2020.

But the truth is that there were several high-profile hacks and collapses that rocked the industry and had far-reaching consequences for the global financial system. Of all the protocol hacks that 2022 experienced, Ronin Bridge is considered to be the largest one, exploiting $625 million, followed by the Binance Bridge hack, which compromised around $570 million. FTX is close behind, with $477 million exploited.

Meanwhile, the study shows that “scam” has been the most prevalent criminal activity over the years, frequently accounting for 50% or more of all other criminal activities. Sanctions and stolen funds are among the other activities that tend to use DeFi.

What's the most important thing for you to check before you start using some new app/platform, etc.?

I'm currently excited about ReelStar since the token launch is gonna be on 9 March.

Do you actually think that regulation of the crypto market is anticipated to reach a crescendo in 2023?