Disclosure: The ideas and opinions expressed here are only for the author and do not represent the ideas and ideas of the editorial of Crypto.
January 3, 2025, marked the world’s 16th birthday of the world’s first Cryptocurrency bitcoin (BTC). It has gone a long way – rival inspirations of a whole industry of cryptocurrency, exchanges, digital wallets and trading apps, all of which contributed to all of which contributed Movie Year for Crypto sector in 2024.
Interest from retail and institutional areas was the leading driver of this development, but the emergence of new forms of cryptocurrency, such as Memcoin and “Galicha Bridge” scam, where developers draw plugs on an upstart crypto project, which leaves investors high and dry Are, by advancing their interest in crypto investment, have specially discouraged retail investors.
The launch of Hawk Memcoin in early December 2024, the viral social media personality is associated with Heli Welch, this is just an example of how bad things can be wrong. Initially $ 490m increased to market capitalization, the price of Hawk Memcoin fell to about 90% within hours of the launch date of December 4. A group of investors has since filed trial Against the creators of Memcoin, accusing them, among other things, to engage in misleading market practices. The mainstream media coverage after the issue has added only investors from entering the market, and adding an increasing sense of discomfort and doubt.
Cost of inexperience
The web 3 space in the center of the problem lacks experience with the founders of crypto in space. While many founder have a degree of technical proficiency in blockchain development, they have the lack of business skills and commercial lover required to launch a successful crypto product and adopt a real world venture – understanding pain points and using cases For proper customer search sessions for anything, interaction deals, brand identity construction, marketing, promotion for PR support.
These complementary skills are a fundamental part of the manufacture and maintaining a successful business venture. Their absence resulted in the spread of Memcoins which are sometimes able to raise mass money by a high-profile celebrity, but are eventually unable to fulfill their promises. By not focusing on establishing a strong business foundation, many of these projects are often wasted to fail.
From innovation to incubation
To address the problem, we need to look outside the industry and incubate our attention from innovation and adoption. In particular, non-Crypto indigenous incubation hubs appointed experienced professionals from software ranging from software to business development, marketing and branding from software to a series of industries.
Collectively, this knowledge will be used to evaluate cryptocurrency projects for their financial viability, review and vet. It is an important outsider perspective, where a wide range of backgrounds evaluate proposals free from publicity, which are often launched new products in Crypto space, which will help eliminate all fake promises of founders who will help only an accelerated The deer at the cost of investors are looking to make. Instead, these hubs will be able to determine that crypto products have real capacity, restoring trust and security in a field that is tarnished by combination with inexperience and disqualification.
Strategy is everything
The cruise of the case is any successful business venture, not only depends on the fusion of ideas and innovation, but also strategy and execution. This means creating a strategic roadmap that attaches to long -term value construction with market status, development estimates and risk management ideas, especially when it comes to reducing the “Galicha Bridge” events associated with the Cryptocurrency launch.
Integration of non-crypto native expertise through incubation hub is a powerful way to nourish a more stable and reliable crypto ecosystem, which tried to strengthen both innovative spirit of the Crypto ecosystem and tested the business principles. Marries with Only then can the industry move beyond the era of promotional phads towards products that provide tangible real-world utility and distribute it on the promise contained for decentralized technologies.
