) had lost 50% of its value, and the entire crypto market dipped below its $1-trillion capitalization for the first time since January 2021. As we enter a clear bear market trend, it’s essential to focus on what the blockchain industry has always suggested: build.
As we witness an exodus of talent from Web2 projects, we also anticipate increased growth of Web3 brands, with several brands such as Yuga Labs, The Sandbox and RTFKT already partnering with retail giants, including Adidas, Nike, HSBC, Warner Bros and others. Blockchain-powered decentralized applications and DeFi have the potential to lead the Web3 evolution in the future and seize control from a handful of centralized gatekeepers.
These projects took years to be successful. In 2021, OpenSea generated $20 billion in nonfungible token sales, while Uniswap adoption grew significantly, showcasing the potential of a decentralized financial system. Other examples in DApps, DeFi, NFTs and Web3 games are abundant.During the current crypto winter, there’s likely to be more venture capital available to fund new projects, so they may not only survive but thrive during the next big surge. And that’s the key to survival — utility.
Web3 is creating new opportunities and new horizons of relationship between companies and users and even developers. iEx_ec is at the forefront of Web3 adoption. Partnered with H7lyon to help startups understand the Web3 path. Even, recognized for its Web3 Marketplace. $RLC
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Prop_Central are innovating the real estate industry by connecting the real world to the metaverse. The PROP Token is launching soon and will have huge utility. During a bear market projects with real world utility will always come out on top. PropertyCentral
They don't teach us this in school people...