Last week I was invited to the Global Blockchain Congress in London. I went there thinking — “isn’t it kind of circling the drain at this point?”. Boy, was I wrong!
Here’s what I learned from Binance, Polygon, ConsenSys, and many many startups still alive and kicking in this field:
Blockchain is maturing and becoming more mainstream.
The blockchain industry is still in its early stages, but there is a growing sense that the technology is maturing and becoming more mainstream. This was evident at the Congress, where there was a wide range of speakers from both established companies and startups.
DeFi is still the most exciting area of blockchain development.
It allow users to access financial services without a central authority — which may revolutionize how we interact with money.
The metaverse is the next frontier (if it happens)
The metaverse, wherever it’s going, is built on top of blockchain networks.
Even if the entertainment side takes more time (legs, anyone?), it still has the potential to be a major new platform for productivity and social interaction. Maybe commerce as well.
Overall, the Global Blockchain Congress was a positive event that showed the industry’s growing maturity. Maybe it’s a good thing that it’s focusing on key areas where it provides exceptional value, and not trying to conquer everything, everywhere. Keep tabs on what others aren’t looking at anymore — you may find a gem. That’s how you build an empire 💪
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