Lost faith in crypto market after FTX
As the digital currency space continues to grow, so too do the number of companies looking to use virtual currencies as a means of raising capital. In a rapidly developing sector, such as the Metaverse, there’s always going to be skepticism about whether or not an innovative idea can succeed in the real world. As is the case with most disruptive technologies, however, the crypto market has its fair share of failures along the way. Many projects have failed because they simply weren’t willing to take a stand and be counted on by their backers. There are always going to be those who will continue to question the wisdom of moving forward in this space and those who want nothing more than to see it cleanly outmaneuvered once and for all by other cryptocurrency projects. Here’s what you need to know about crypto-based ventures after one failed effort following another — and how you can plan ahead if things go South again
The cryptoverse is still in its infancy.
This is a label that cryptocurrency boosters have used to describe themselves for years. They’ve been very clear in their goals and goals have always focused on the future — the new, better, and more lucrative future, for the love of all things digital. This meant that the early stages of the market were extremely fragmented with a combined market capitalization of less than…
