Kain Warwick, Infinex: Crypto Has 4 Years to Grow Unstoppable

Kain Warwick, the mastermind behind decentralized protocol Synthetix and the emerging “UX layer” Infinex, sees a bright future for crypto. According to Warwick, the industry, particularly his latest brainchild Infinex, has about four years to hit the big time.

During an interview with Magazine at Near’s Redacted conference in Bangkok, Warwick emphasized that if mass adoption of crypto happens within the next four years, the industry could be unstoppable. He envisions bringing hundreds of millions or even billions of people onto blockchain platforms, making it nearly impossible to shut them down.

Infinex aims to address the risks associated with centralized platforms like FTX, BlockFi, Celsius, and Voyager Digital, which have seen major financial crises. Warwick describes Infinex as a potential killer of centralized exchanges, combining user-friendly features with the transparency and control of decentralized finance.

Even though Infinex currently operates from a single office in Sydney, it is striving to create a platform that, even if targeted or censored, allows users to retrieve their assets from the blockchain.

Warwick’s overarching goal is to reach a level of demand where shutting down a platform of Infinex’s magnitude is practically inconceivable. He compares this model to Uber’s success, making it so essential that it becomes untouchable.

As of now, Infinex is still in its early stage, offering limited functionalities like swaps, asset bridging, and crypto games. However, a revamped version set to debut in early 2025 will support trading the top 500 cryptocurrencies. Infinex has also joined forces with Near Protocol to facilitate cross-chain swaps seamlessly.

One of the key features Warwick is excited about is the use of passkeys, a modern security method endorsed by tech giants like Google and Apple. This approach aims to replace the outdated practice of seed phrases, making logging into crypto accounts more convenient.

Despite Warwick’s vision for the future, he recalls an incident where a user lost $400,000 worth of Patron NFTs on Infinex due to a Trojan virus. Warwick acknowledges the importance of passkeys and emphasizes their integration for enhanced security.

Regarding Infinex’s fundraising efforts, the Patron NFT sale raised over $67 million. Warwick admits to some pricing missteps but remains committed to growing the platform and fostering community involvement.

In conclusion, Warwick’s project, Infinex, embodies a vision of crypto evolution that not only revolutionizes the industry but also strives to make blockchain more accessible to the masses.