99% of the Projects in the Crypto Sphere will Fail?

99% of the Projects in the Crypto Sphere Will Fail?

I was watching a vlog about @taskmaster4450 prior to writing about this subject. The main essence of the vlog relates to an article about Mark Cuban who mentions that 99% of the crypto sphere will fail!

I know is a hard reality or a tough pill to swallow. Imagine one moment everything you interact with will vanish into a black hole in space.

Only the 1% who bring strong cases will make it and be adopted by the market.

I agree with this statement because just in a short period; I already saw many crypto projects vanish and disappear.

The hard reality of the market

You might have an outstanding idea on the table that revolutionizes the world. But the market sometimes will tell you another story of your own expectation.

People need something easy to use, without thinking too much. An action like making a quick purchase at a convenience store in less than 30 seconds.

People are looking for simplicity like creating an account and using Facebook, or a Twitter account.

What might expect in the crypto sphere?

I believe we are going to see consolidation with only a few players in the market. Do you believe you can use 25 blockchains or play 50 cryptos games?

The question is NO!

It is cumbersome and inappropriate trying to be everywhere. People have a tendency to stick around with what they already know.

From my perspective, I think people will use one or two smart contract platforms. The ones that bring the much experience as possible, where you can find everything under the same umbrella.

People use what they find useful and bring value to their life. I imagine a platform where you can make a living playing brilliant play to earn games. Taking part in outstanding DeFi protocol where you can make nice APY for your financial independence.

A decentralized social platform where you can make money just to use it. Something we experience already with Hive.

I come to this conclusion with my path in this space. I am someone who loves using something that will resist times.

Where the time you spend will make a tremendous difference financially for your future. It is like playing a video game where you are excited about reaching the next level.

I love crypto

Every day, I wake up with a dose of fresh air in this space; I have a tendency to spread on too many things at the same time because I love this technology and the world of crypto.

Now I will focus my attention on only a few things and narrow my attention to them. I will keep learning about the trends in this industry, but I want to succeed in the era of Web 3.

What I like the most in the space of web3 is gaming, DeFi, and decentralized social networks like Publish0x and Hive.

Those I believe will be around even after the next crypto market.

Last word

The market doesn't need to have 25000 coins or people cannot spread on 100 projects at the same time. It is humanly impossible.

People will use maybe one or two decentralized social networks and play a few plays to earn games. Invest in a couple of DeFi protocols, and maybe use the dominant smart contract platform.

The crypto market will consolidate with the dominant solutions that will break through the mainstream. It is the hard reality of the market because we don't need 25 blockchains!

PS: It is my opinion. I am not a financial planner and always do your own research.