Blockchain Adoption: How Far We’ve Come Regardless Of The Time Differences

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No doubt, the crypto space has come a long way since the year it got invented. Over the years, its early adopters had worked tirelessly to create a better experience or project that creates a massive adoption. But were they successful? We’ll get to know that soon.

I joined the crypto space in 2016 but I nearly never understood anything at that time. In 2017, I started grabbing a few terms till I groomed myself along.

For anyone reading this, you’ll agree with me that ICO ( initial coin offerings) was all over the crypto sphere at that time. ICO made waves till late 2018 & early/mid-2019. But what’s wrong with ICOs? We’ll also get there soon…

Looking at how things played out back then, ICOs are only meant for investors. As the name says, Initial Coin Offering means a project coin is initially offered to potential investors at a cheaper rate. This method is identical to share buying in transitional companies.

As stated, ICO is only meant to target investors and not ordinarily members. This means community members won’t have access to their tokens except they turn into investors.

In 2017, Blockchain technology is just starting to breakout out. So, better ideas to create mass adoption is yet to be implemented on the chain.

Along the line when Ico was the main trend, there was always another process that comes after the ICO process which is the Token Airdrop.

The airdrop is meant to fill the gap the Ico left behind. Which gap are we talking about here? Well, it’s the fact that the community members don’t have a token to the community they belong to.

According to Investopedia

An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency.

With airdrop, projects were able to build their community and social profiles. To this day, Airdrops still work as a good marketing strategy.

How is the crypto adoption in recent time?


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We, the Blockchain folks have really come a long way regardless of the different times we hopped on the train. Looking back to the number of projects & the rate of adoption then to what we have now, we could say it’s been a success all through.

We’ve grown to the point the Blockchain now acts as a safe haven for anyone hearing about it for the first time. In other words, the blockchain now has projects built on it that fit whatsoever you’re into.

In 2021 for example, NFT became so popular that it’s literally on everyone’s lips even when they don’t know what Blockchain is. But Interestingly, NFT has been in existence since 2015 but exploded in 2021. This part of crypto has no doubt brought more adoption to the chain than we could think of.

Is NFT the right adoption?

This question has been ringing in my head for a long time now as it all seems like the type of NFT that is being promoted online is not what should be trending. For example, I see a lot of common pictures on Opensea for example as an NFT. Is that really what NFTs are? I honestly don’t think so.

Nevertheless, the total value of all NFT transactions worldwide jumped 21,350% to more than $17 billion in 2021, from $82.5 million in 2020 and has been one of the successful adoption techniques ever.

What’s your thought on the Crypto adoption so far?

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