Investor Chris Burniske names a crypto ecosystem that no one is talking about but that “could be very good”

Venture capitalist Chris Burniske says a digital asset ecosystem could be in the spotlight in the near future.

In a new interview with Real Vision founder Raoul Pal, Burniske, a partner at venture capital firm Placeholder, says he has his eye on the Move ecosystem.

Move is a programming language originally developed by a consortium backed by tech giant Meta for the now-defunct Diem project. It was then used to develop the Layer 1 blockchains Sui (SUI) and Aptos (APT).

Burniske says:

“I think it’s worth paying attention to the Move ecosystem – even though it’s still very small at the moment – ​​things like Movement, Aptos, Sui…

People aren’t really talking about that ecosystem right now, which I find interesting because I always like to go where people aren’t talking about anything much. It’s a wave that’s not crowded and could be very good.

If you look at the birth of Move, Sui, and Aptos, that was born out of meta. That’s a big deal. People don’t realize how much time, effort, and money was invested from the meta side to make something for normal people that was brought in in the last week before launch… and then expanded to the wider ecosystem.

Crypto people hate the incumbents so much that they will say, “Yuck, Meta and Facebook.”

But normal people will say, “Wait a minute, Meta developed a lot of this core technology?” And a normal developer might find that more believable than the entire rest of the crypto world.

And with things like ZK login or some of the innovations that are happening there, we could get into a world where we spawn wallets – and they’ll probably be less secure, like we differentiate between wallets, bank accounts, and bank safety deposit boxes and have different levels of security. But we could spawn wallets with lower security and high usage based on our Gmail account or phone number or whatever people choose, and those kinds of integrations will come as well.

And so now, 16 years after the launch of Bitcoin, we’re finally at a point where we’ve abstracted everything to the point where normal people can probably just continue to exist in the environment they’re comfortable in, while cryptocurrencies are used in the background to give them the experiences they want.”