I think Cosmos is flooded with projects with minimal utility, other than projects like Sentinel, Akash & fetch.ai As per the article, too many devs spread across many projects with little real world utility, little traction and all in competition for similar eyeballs. Reminds me of the dotcom days... People thought you could spin up a website and get mega millions valuation... Until economic reality kicks in and the grants/vc funding/loans dry up.... I some ways, I see a lot of the dotcom era in the new world of blockchain I think there are probably a lot of projects "building" to survive until the bullrun... Then will cash out with exit liquidity.... and either restart next cycle or simply fade away.
... and this is seen in the number of projects asking for insane grants from Cosmos.... a) because the devs have no money b) get a nice chunk of a grant now, look busy and deliver a bit, and that 5 digit bag of Atom could be worth x10 in 2025.... Literally free money
Yes, Sentinel, Akash, Osmosis [mainly a DEX] & NYM are one of the major utility projects in the Cosmos, probably in the whole Crypto ecosystem but I don't think fetch ai not clear as above.
I have to disagree. In the crypto realm as a whole, I agree one hundred percent. Other then COSMOS ECOSYSTEM it’s hard to find anything other then a new DEFI OR NFT platform. In cosmos you can find sentinel as you stated, who’ve joined with Decentr browser and making even more unions. There’s Bitcanna which is working hard to become a universal global payment system in the cannibas industry. They’ve already landed two major national chains and suppose to be announcing a third. Know they’ve been chasing HIGH TIMES and if that’s the announcement this will make it automatic basically that other head shops, marijuana growers and any and all use Bitcanna as an alternative payment system. Medibloc which is a crypto insurance system. It’s spreading in Asia now but they seek to become global. Jackal is an alternative to the cloud. I just think there’s more out there then you realize. This crash is fake. The FEDS created inflation in order to increase rates. Do kwon and SBF both members of WORLD ECONOMIC FORUM. Their crashes couldn’t of been better timed if they had PLANNED it.. Why. Every penny put in crypto is a penny SWIFT BANKING LOSES. swift banking controls every bank in the United Nations. No matter the name, in reality they all have accounts with SWIFT BANKING.
I agree, people are disproportionately pessimistic because of price action. The bright side to this is overwhelmingly favourable buying opportunities for those with patience and discipline to endure the lows
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