The Future Titans of Blockchain

Who will be the success stories of blockchain?

With new technology comes new opportunity.

Early on in the Dotcom era, entrepreneurs fought to create the next groundbreaking internet company. People had fan pages for celebrities, websites designated for pictures of kittens, and business websites taking a crack at what would eventually become e-commerce.

Today, with the Blockchain era alive and well, we’re seeing something really similar happen with tokens. People are making tokens for anything and everything. Celebrities are launching their own coins, we have a coin that’s theme is a meme: Dogecoin, and we have people taking a crack at what might become the future of blockchain technology.

This begs the question, if Facebook, Google, Apple, and Amazon were the biggest success stories of the Dotcom era, who will be the biggest success stories of the blockchain era?

Finding out what separated these projects from the rest could be all the insight you need to effectively invest in the blockchain era.

Most websites made during the Dotcom era are now unused, left in limbo in the vast void of the internet; this may be the final fate of many of the early cryptocurrencies. These early websites were impractical. Fan pages came and went, pet websites only held the interest of their visitors for so long, and some businesses never quite figured out the ropes for how to use a website to grow their business.

This flood of impractical websites is what ultimately lead to the Dotcom bubble bursting. Dotcom companies not generating enough income to support the people working on them declared bankruptcy, disappointed investors, and disappeared. During this period of time, the future of the internet looked glum.

Yet, eBay was still selling goods, Youtube still had people uploading and watching videos, and people were still visiting Reddit to get information on something they were working on: the websites with practical use cases stayed alive and well.

These flourishing websites were providing huge amounts of value to their users that they couldn’t get anywhere else. They focused on fostering solutions to people’s problems and even delighting people as their needs were satisfied. They improved their model, adapted to customer needs, and enhanced their technology as they grew. These websites collaborated with the existing world’s structure and did something better than any existing resource people had. They put solving people’s problems first.

By using these traits of a successful project operating with new technology, we may be able to identify the potential future survivors of the blockchain hype.

Ask yourself, what projects are solving real problems? What projects are doing something we couldn’t do without blockchain? Which projects are going to continually improve using the feedback of their users? What’s still being used for something practical during the market downturn? A few familiar names come to mind.

While stocks are getting price jumps from adding the word blockchain to their business’ infrastructure, much like the companies that added ‘.com’ to their names for a price jump in the Dotcom era, the successful investors will be watching for projects solving practical problems that we don’t already have solutions for.

Not investment advice:

One example of a project clearly exhibiting similar characteristics of success to the titans of the Dotcom era is Ethereum.

Ethereum provides developers with the infrastructure they need to create decentralized apps (dapps) by allowing them to build on top of the Ethereum blockchain.

The Ethereum developer community is the largest in the blockchain ecosystem; this means that more projects are being built on Ethereum than any other blockchain.

ETH, Ethereum’s currency, will become fundamental to running dapps on Ethereum. ETH is used to essentially pay the Ethereum network to execute code written for the Ethereum blockchain. This means any dapp built on Ethereum will require ETH. This inherent demand makes it valuable.

Lastly, Ethereum is evolving. Ethereums large developer community collaborates together to solve the technology’s issues. This means that not only are the Ethereum blockchain’s problems getting solved, but they’re getting solved by the people who want them to be solved most.

This combination of providing value that’s unattainable elsewhere, the currency having inherent demand, and it’s nature to continually be improved upon in a way that satisfies users’ needs, makes it one of the best projects in the space.

Know of a project with similar characteristics?

I’d love to hear from you if you know of a project exhibiting similar successful characteristics to the Dotcom era titans! Leave a comment or send me a direct message to chat more about the top projects in the blockchain space.