you arent using crypto the right way
is there an actual project that’s revolutionizing the market?
most projects' utility serves no real-world value.
Let's break it down:
Attractive Staking APY:
- the main reason why retail investors buy crypto is because of the attractive staking Annual Percentage Yield (APY) they offer.
- For instance, Ethereum, considered a "blue chip" crypto, offers Proof of Stake (POS) consensus where users can stake their Ethereum to earn more.
- However, this model is unpredictable as it relies on mass participation, making Ethereum vulnerable to network slashes.
Layer 2 Solutions (L2):
- L2 solutions like Polygon and Arbitrum offer faster and cheaper transactions compared to Ethereum's Layer 1 (L1).
- L2 tokens avoid congesting the main network, ensuring smoother and more cost-effective transactions.
- But as more users join, scalability issues may arise, prompting the need for potential Layer 3, 4, or 5 solutions.
Play-to-Earn (P2E):
- P2E is a buzzword captivating retail investors, especially in gaming.
- While crypto and NFT integration in gaming makes sense, many existing games lack excitement.
- Most P2E games resemble basic farming or card trading simulations, failing to capture the thrill of MMO/FPS/TPS action games.
- Despite the concept's potential, no company has perfected P2E gaming, facing challenges like server maintenance and storage problems.
Despite the hype, the crypto market still faces challenges in delivering tangible value and perfecting innovative concepts like staking and P2E gaming.
What do YOU want to see in the upcoming new crypto infrastructure?
Tell me your thoughts!
#cryptocurrency #UtilityToken #Layer2Revolution #GamingTokens