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Smart Contract Networks Could Generate $450B Annually by 2030: Ark Invest

Emerging technology and crypto investment firm Ark Invest is bullish on smart contracts. The company made some big predictions for the sector in a recent report.

In a report titled ‘Big Ideas 2023,’ released on Jan. 31, Ark Invest made some bold predictions about smart contract networks.

Company researchers said that an increasing value of tokenized financial assets on-chain would drive the growth.

“Decentralized applications and the smart contract networks that power them could generate $450 billion in annual revenue and reach $5.3 trillion in market value by 2030.”

Furthermore, it predicted that tokenized assets would grow to 5% of all financial assets by the end of the decade.

(By Martin Young)

Ark Invest smart contract Blockchain
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