The Tezos team is launching Tezos

This could be an important step in the development of blockchain technology, but the overall market outlook is still uncertain. This new initiative by Tezos is overshadowed by the tightening of global regulations on cryptocurrencies and blockchain technology in general.

In particular, increased controls on cryptocurrency exchanges and the threat of a number of countries to ban cryptocurrencies altogether remain a serious concern for the industry. This could negatively impact the success of Tezos X and the proliferation of blockchain technology in general.

As a result, this new initiative by Tezos may fail due to the uncertainty of general market conditions and regulatory pressures. This may hinder the mainstream adoption and development of blockchain technology.