Why Multiple Crypto Assets Will Succeed in the Future
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Everyone has their preferred digital asset, and some take this a step further by believing that only one will be the preferred currency of the Internet in future (i.e., Web 3).
However, I beg to differ and imagine a future with a handful of dominant assets. Yes, some will be prominent, but to bank on just one asset ruling them all is a stretch.
Here’s why.
Appealing to different niches
Considering the tech world, IBM is a company that comes to mind.
Anyone under 25 will most likely remember when IBM was a major player in manufacturing PCs, well before modern computers and laptops took off.
Rather than completely disappearing from the tech scene, they ceased producing this type of hardware. Instead, they have focused on more advanced hardware (e.g., microprocessors), software, and consulting, with the latter two accounting for ~70% of their annual revenue.
Translating this to crypto, I see various blockchain projects continuing to focus on their area of interest/expertise or concentrate their efforts on another aspect of crypto.
With DeFi, NFTs, automated market makers (AMMs), governance tokens, decentralised exchanges…
