You’ve probably heard the term “crypto winter” thrown around about a million times at this point. Should our clients be nervous to invest in Web3 research? Should we stop pushing the issue? The simple answer is no!
Venture capitalist firm Andreessen Horowitz (known as “a16z”) has just closed on its latest crypto fund – totaling $4.5 billion. This doubles the size of their last crypto fund and shows that the firm has no interest in taking their foot off the Web3 gas pedal.
Antoni Martin, enterprise lead at Polygon told Protocol that although the crypto crash has decreased interest in crypto, it is the time to differentiate between speculation and build saying “I think it’s time to build up, and with time the market will differentiate.”
“The blockchain solves counterparty interaction, eliminating the need for a middleman. This technology allows you to push payments without any intermediaries and provides a system of real-time auditability. Traditional banking requires protocols to prevent money laundering and to keep funds secure. Blockchain technology alleviates the need for these protocols by making each transaction transparent.”
-Eric Benz, CannaDAO
You know who is taking advantage of this time to build – Emerald Road. Emerald Road is a group of Californian cannabis farmers, led by legacy farmer and entrepreneur, Justin Calvino. Emerald road is an exclusive digital cannabis community. The platform is designed to connect farmers directly with their customers using community-building experiences. There is also the ability to purchase and market and provide content and education for consumers – all powered by blockchain technology. This virtual bazaar will give consumers the opportunity to gain experience, visit and purchase directly from farms, without ever leaving their home.
“The crypto blockchain space can really help the cannabis industry with everything from securing payments to seed to sale tracking and supply chain management. The fact that both crypto and cannabis are both new, emerging industries creates a great opportunity for them to help each other grow.”
– Laura Albers, Oasis Intelligence
Do you think your clients can benefit from Web3 strategy plan? We do! Don’t let the hype of “crypto winter” keep your clients from getting the full potential out of a Web3 plan. Remember, we’re not early, we’re late.