Bitcoin poster in Tokyo. Blockchain-based technologies and cryptocurrencies are becoming increasingly common.
(AP Photo/Koji Sasahara) Despite big price swings in cryptocurrencies this past year, investor interest remains intense around the blockchain world, even as many struggle to understand the technologies and opportunities. This week, I moderated a panel at the Digital Hollywood conference in Los Angeles, featuring executives involved in blockchain-based businesses in film finance, video transcoding/servers, over-the-top video streaming, ad technology and video games, all areas ripe for disruption.
Out of that hour-plus discussion came a number of tips and perspectives that may help others pondering investment in blockchain tech and cryptocurrencies, especially in media, entertainment and advertising. If you’re just beginning, panelists suggested, start small, smart and slow.
Look at the digital wallet services from Coinbase and the Winklevoss twins’ Gemini Trust Company, and see their relatively limited offerings as a good thing for a beginner. And, they suggested, as a way to further spread risk, consider the Bloomberg Galaxy Crypto Index fund that launched earlier this month from Bloomberg and Galaxy Digital Capital Management LLP, headed by former hedge-fund manager Mike Novogratz.
Now, on to their larger points. 1) It’s early. Read more from forbes.com…
thumbnail courtesy of forbes.com