Despite the hype cycle, blockchain technology continues to make strides in real-world applications, from tokenizing assets to enhancing record-keeping and data privacy.
Opinion by: Ankur Rakhi Sinha
Hype cycles dominate the news, driven by various factors, including elections, market sentiment, regulatory changes, technological developments and the broader economy. The cycles also affect venture investment in crypto. Across tech (perhaps except for artificial intelligence), tighter venture funding has refocused businesses on profitability and live use cases.
We need proven use cases to drive sustainable growth for the industry. Proven use cases need to demonstrate growing adoption and sustainable unit economics, even if profitability is pushed down the road due to current capital investments and marketing costs.
