Kain Warwick of Infinex predicts Crypto will reach a size too big to be shut down in 4 years

Australian entrepreneur Kain Warwick, known for his work with decentralized perps protocol Synthetix, believes that the clock is ticking for the crypto industry to make a massive move towards mainstream adoption. At the recent Redacted conference in Bangkok, he expressed the importance of crypto platforms like his latest project, Infinex, becoming so widely used that they can’t be easily shut down.

In a bid to address the risks associated with centralized platforms that have recently faced significant financial issues, Warwick created Infinex. This platform aims to combine the user-friendly experience of centralized exchanges with the transparency of decentralized finance. Even though Infinex is not completely uncensorable due to its Sydney-based office, it operates as a non-custodial platform. This means that even if the platform were to be attacked or shutdown, users can still access their assets on the blockchain.

Warwick sees the end goal of Infinex, and other crypto platforms, as scaling to a level where they become too indispensable to be taken down. He likens this approach to the Uber model, where the service is so useful that it becomes essential.

Despite being in its early stages, Infinex plans to list the top 500 crypto assets by market cap in early 2025 with the release of an updated platform version. One of the key features that Warwick hopes will attract retail users is the use of passkeys instead of traditional seed phrases for security. This approach, already used in tech companies like Google and Apple, aims to simplify the login process for crypto accounts, enhancing security for users.

Warwick also shared a cautionary tale of a user losing significant assets due to a Trojan virus attack. He emphasized the importance of fully integrating passkeys into the platform to prevent such incidents in the future.

Infinex made waves in the venture capital world with its $67 million fundraising through Patron NFT sales. This unique fundraising model was designed to support the growth of Infinex without offering any financial returns. While the idea was successful, Warwick admitted that some pricing mistakes were made during the sale, affecting the decisions of potential investors. Despite these challenges, Infinex continues to innovate and push for greater adoption in the crypto space.