Binance recently announced a $200 million investment in Forbes. The news sent shock waves throughout the cryptocurrency space and beyond. We reached out to Alex Lemberg who is the founder and CEO of the Nimbus platform for his thoughts on the event and more. Here is what he had to say.
Alex Lemberg Founder And CEO of Nimbus
What is the impact of the recent Binance investment decision in Forbes?
There is no immediate impact, but more a sign of where M&A activity may head in the next few years.
As Blockchain companies become better financed and more cash rich than those off-chain, I believe we will begin to see more of the same.
The focus of this activity may very well be on content creating, marketing, branding and PR production, such as Forbes has done. This will allow for easier channel leverage to drive adoption and message control.
Are there any other big crypto players making such moves?
Not to my knowledge, but I do believe there will be more such strategic business combinations in 2022.
Just how influential is the cryptocurrency space becoming?
A space itself can’t become influential, rather how it is leveraged and the technology it affords projects being developed.
I do believe that Blockchain, Smart Contracts and NFT technologies will provide countless use cases.
The way these are executed can and certainly will allow for some very influential changes across numerous industries.
However, the biggest obstacle to these changes is user adoption.
What matters is that people begin to use and track this technology on a daily basis.
This requires managing securitized and complicated financial products, which makes adoption harder.
To drive adoption, people will first need to learn what Blockchain, cryptocurrency, Smart Contracts and NFTs are before learning about a new complicated financial product.
It’s much easier to create adoption participation from the end-user when they understand a product.
For example, peer-to-peer lending is widely received because it’s a concept that’s easy to understand.
Nimbus builds on this product and intends to use case studies to help traditional banking institutions integrate into the new world of blockchain technology.
We plan to enter several other industries and drive adoption by solving basic issues in various sectors, especially for products that are being used every day.
What products and services does Nimbus offer? Please, can you tell us about them?
Since Nimbus is a DeFi company, not a cryptocurrency company, our most valuable and principal product is a unique hub of financial strategies for the crypto market.
We provide 16 revenue streams for our users with more on the way.
In addition to lending and borrowing, we have numerous other strategies to generate value with our decentralized applications, such as staking, P2P exchange, and crypto-trading.
Cryptocurrency tokens are outpacing almost every other instrument class. How do you think everything will play out in the future?
Growth and innovation will continue to explode for blockchain projects and use cases.
This will only be intensified by the influx of high net-worth and institutional assets this year and going forward.
But the real drivers may be the users who are new to the market and its technology… if we involve them with education and provide the best possible solutions that the market has.
Users who have access to the best possible solutions are not going to leave the market in the foreseeable future. Nimbus is working towards bringing that to each of our users, as we are also working towards mass adoption of the DeFi field.
Bitcoin may be in a bear market for the next few years, but that does not have to be the case for DeFi if it provides a window into the future world of crypto.
How will the volatility of cryptocurrency tokens affect the deep pockets of the big players?
Big players have a much longer time horizon than the average retail user [investor prohibited word].
This affords them the ability to withstand the ebbs and flows of the markets and volatility in general.
They aren’t as easily spooked out of positions and see the bigger picture in the mid to long term.
What are your thoughts on the emergence of DAOs and other such democratic corporate entities?
I strongly believe that the secret is out regarding all the benefits of DAOs and the community will continue to leverage them to their advantage.
The Nimbus Platform is being registered as a DAO-entity in Wyoming, USA. We’re user-centric and community-driven and wholly embrace the DAO value of inclusion.
Everyone is welcome to participate, co-create or audit our system and the DAO structure allows everyone to co-exist in synergy.
We offer independence for our users and want the best tools to be available to all, without barriers.
At Nimbus, users access tools as they need and become stakeholders and decision-makers as they want.
Because of these advantages of DAO organizational structure, I believe it is important for Federal, State and Local governments to start recognizing DAOs in the same capacity as they currently recognize LLCs.
Related: DAO Creation: A Basic How To
What opportunities do you think are out there for newbies in the space?
As many as they can explore.
But first I would suggest newcomers become active participants rather than passive investors to inform themselves of all the opportunities there are in the DeFi ecosystem.
Unless a user has a traditional finance background, many products may seem new and indecipherable, but they really aren’t unique to DeFi.
It’s our job as a company to educate our community with the fact that there’s decades and decades of literature on how financial products are used, how they were created and how they’re managed.
When they actively participate, we help users’ understand the uses and advantages of each product and ultimately expand access to the scope of products available.
Perhaps the most important thing we do at Nimbus is educate our users, both new and experienced alike.
This involves more than producing a flashy YouTube video or ad.
Since our mission is to make it easier for people to understand and participate in DeFi products and the cryptocurrency market, every product that we bring to market is going to be focused on encouraging people to adopt DeFi solutions.
Are we going to see any major moves from Nimbus this year?
One of the most exciting products in development is our innovative n-NFT, which will function like a personal financial strategy.
In contrast to the typical NFT, which represents proof of ownership of unique digital assets like art, the Nimbus n-NFT will represent all the assets that a user has on the platform.
It will be a yield-generating product that automatically distributes a user’s assets across several dApps to produce financial rewards.
Several forms of our n-NFT will have different financial strategies behind them.
Our users will save time because they will not have to spend hours researching how each tool works.
They’ll also save fees while mitigating risk and optimizing yields.
We’re also developing a unique IPO Hub that will offer users direct access to offerings without needing a brokerage license or paying hefty fees.
Users will be able to acquire IPO shares with any amount of digital assets and can choose IPOs with the greatest potential with our sophisticated evaluation tools and analytics.
In addition, our Crowdfunding dApp will offer participation in startup crowdfunding with advanced features for automatic asset distribution and accountability, all supported by our secure and regulated evaluation processes.
Just how far do you think the space can grow?
As far as I or any other crypto visionary can see.