It is the part of the cycle when cryptocurrencies are getting more attention than ever. The whole world is talking about crypto and how crazy the price of BTC is. New projects are starting since more funds are pouring into the system and project owners are showcasing their ideas that will change the world.
Projects come and go but there is a particular use-case that doesn't seem to fail to interest us... Blockchain-based Social Media Platform!
I hate to admit that many are often joining the social platforms every time the price of cryptos spikes to a high level or when BTC is making headlines.
People will find ways to enter the crypto space and social platforms are the easiest and the convenient gateway for it. Social platforms are very familiar to anyone since many of us are engaged in a kind of platform that revolves around social media. During the 2018 Bullrun, Steemit was the go-to site to get acquainted with crypto. Steemit was really famous back then and it's such a shame that it did not sustain the momentum.
I myself discovered crypto because of Steemit and I was thankful for that.
However, the crypto space has changed a lot and people have more options than before. There are several gateways right now and it's getting difficult to keep track of all of them or even a handful of them. Now, you have Blurt, Hive, Steemit, and the tribes under the Hive-Engine umbrella. Even Leo Finance will have #projectbank which is a Twitter-like application that will be part of the Leo Finance umbrella.
Blurt will soon have an alternative chain that will be built within the Cosmos Hub. I also had a tip that Jacob will build several more Blurt blockchains, about 500 more chains with different configurations that will be interconnected with each other. It's a huge undertaking on his part but who am I to complain; I want this kind of progress in the blockchain space.
Why not tokenized every aspect of our life.
Some of them will sustain while some might dwindle along the way however, I like that Devs are attempting to breathe life to an idea and produce a workable product for us to test.
In Mathematics, the "Trial & Error" method is an acceptable solution to a complex problem. In terms of blockchain & cryptocurrency, that complex problem is Mass Adoption. A decade ago, Bitcoin started this journey and it hasn't scratched the surface of the problem yet. I believe we will get there but BTC is not the ultimate solution for it. I believe BTC will be the realm of the big boys but not the masses. The Layer 2 tokens will be the future and it is the one that will bring blockchain technology to the masses.
At this moment, more experiments would mean that there will be more chances of getting close to mass adoption.
You may name every food category to a crypto platform as much as you can and that is fine: Sushi, Sashimi, Orange, Apple... etc. The more familiar the name is, the more acceptable it is to the masses. Funny names are cool when it comes to crypto: Unicorn, Blurt, Noise... etc
The names don't really matter by the time the project become popular, look at $Doge; it's a joke token with a market cap of around 4 Billion now.
Any moment from now, Blockchain & Cryptocurrency will take the center stage. It will disrupt every aspect of the world industry and before we know it, this technology is being used everywhere.
The question is, would you wait until that day or will you start participating as early as now?