While the year-long bear market tore off a good chunk of the market cap, it also presented an opportunity for new ideas to flourish as the industry’s focus shifted from price volatility to innovation.
Unfazed by the market conditions, the Web3 ecosystem has continued to build around fresh concepts to prevent the same crashes from happening again and also to find new ways for users to interact with decentralized digital realities.
Monthly active developer count since Bitcoin was launched compared to when Ethereum and its smart contract functionalities were introduced.
Source: Electric Capital. Web3 startups developing unique solutions will have a chance to introduce their work at the join Investors Demo Day organized by Cointelegraph Accelerator together with Cipholio Ventures, Animoca Brands and Brinc.Read more on cointelegraph.com