Startups that discover product-market match can do properly in any trade, however that’s not sufficient if you happen to’re a web3 firm. No, you must transcend and discover actual use instances for the rising know-how.
And based on Staci Warden, CEO of Algorand Foundation, the startups that went after actual use instances — like asset tokenization — will develop, significantly now that the crypto trade is striving to emerge from the bear market.
There’s a lot extra exercise throughout bull markets as crypto vacationers enter the trade in hopes of making it massive. But that power tapered off over the previous few years because the market turned.
“We’ve lost some protocols, but I think those that are still with us, they have a very good sense of product-market fit and are trying to go after real use cases,” Warden advised me on the Chain Reaction podcast not too long ago.
Many protocols and firms have taken the time to be regulated and work on bridging the actual world and the world of crypto, Warden mentioned. “I don’t love that expression ‘real world,’ because I think crypto is part of the real world, but I think we’re seeing more and more engagement there.”
Warden thinks one of the most important avenues for actual world use instances is tokenization of assets and areas that aren’t even tradable but.