Crypto Winter
Nobody likes to see numbers going down and worst of all when it is the entire market in such a shitty situation. Right now, we have virtually everything trading at levels we haven't seen in months and that can be scary.
As always, the most important thing is perspective, and if we think back to where we started to where we are today, it is evident that there's been a lot of progress.
I've never been one to focus on numbers going up or down because I think the charts don't always tell the full story. In many cases, the price of one asset, in relation to others can make it seem like a project isn't up to scratch.
In reality though, there's more to the market than just numbers going up and down. There are underlying trends and activities that belie the true value of a lot of projects.
I ran into a fascinating quote by Ripple senior vice president Brooks Entwistle in a crypto event currently being held in Davos, Switzerland. Cointelegraph was on hand to cover the event and speaking to one of their journalist, here's what the Vice President had to say;
“Crypto winter has happened before and it will happen again, but we are focused on building into it. I think it’s an opportunity for projects to build more. A lot of this is noise, and we’ve got to reduce the noise and focus on the signal.”
He's saying that when you get down to the bottom of it, all the doom and gloom is just noise to distract the masses from reality. The reality is that, if you take a step back from the charts and look at your surroundings, you'll find that there's a lot of building going on.
Both inside and outside of Hive blockchain, there are a variety of projects currently in the pipes. Whether they be decentralised or centralised, the most important thing to note is that blockchain-based products are not in short supply.
Another attendee at the event that is currently being covered by Cointelegraph talked about her opinion of the metaverse. She made it clear that the concept of a metaverse has been unified into this one massive place, when in reality, it will be a variety of unique projects building their own projects.
If you take a look at what we have on Hive, for example, you'll find that there are already two projects in Psyber X and Splinterlands developing their own idea of a metaverse. Yes, Psyber X will be a first-person shooter game, while Splinterlands offers a completely different look but the point is they're totally different.
The critical thing to note is that while the market may be down, the builders haven't stopped building. in fact, it is safe to say that the builders are even more active than they've ever been.
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