Wood claims that blockchain technology is among five trends, along with DNA sequencing, energy storage and robotics
She claims that NFTs, DeFI and NFTs were massive in 2021 and may continue on the same path this year.
Cathie Wood, founder of ARK Invest and chief executive officer, says blockchain technology will be one of five trends that her investment fund will be watching in 2022.
According to the celebrity investor, who bet on Tesla and Bitcoin, and made huge returns, two trends in the blockchain tech sector are likely to continue to receive investor interest.
Wood was speakingSubscribe to TIME magazine.
Blockchain remains a ‘big trend’ in 2022
Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”
She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.
Ark Invest CEO, who is keen to promote energy storage, has given his approval to electric vehicles instead of gas-powered models. Rivian and GM have also seen significant demand for electric vehicles in 2021, while Tesla is the leader in this area.
The fund also has a lot of investment opportunities in the Artificial Intelligence and Blockchain technology space.
Wood explained to TIME decentralised financing and non-fungible tokens will be huge investments in the future. Wood believes that DeFi will take over large swathes of traditional financial’s market share in 2022.
In the last year, NFTs worth $44 billion were sold. However, the total value of DeFi was over $240 Billion (TVL). Source: DeFi LlamaThe TVL is currently at $235.88 Billion, with 9.87% locked in Curve Finance.