This saw initial adopters of cryptocurrencies, especially Bitcoin, execute transactions from the comfort of their homes in exchange for items like pizza, information, and documents on the dark web. Such individuals were known to have paid over 10,000 BTC for such commodities without anticipating the possible rise of the crypto market in the near future.
However, within a couple of years when Bitcoin and other cryptocurrencies gained popularity, it was observed that some of these individuals were instantly transformed into overnight millionaires and billionaires depending on the number of coins in their possession.
Blockchain technology and cryptocurrencies immediately caught the attention of the entire world as more people became curious about what they are and how they can be used to promote the development of mankind by granting them financial freedom.
Several experts within the blockchain technology space consider Bitcoin to be the first generation of cryptocurrencies, which prompted blockchain developers to investigate the models that can be derived from blockchain technology in an ever-evolving world.
This led to the development of cryptocurrencies like Ethereum which was translated as the next phase of blockchain technology due to its capability of deploying decentralized applications, smart contracts, and decentralized financing on its blockchain.
The result is the proliferation of several blockchain projects which were eventually deployed on the Ethereum blockchain and eventually created another set of crypto millionaires and Billionaires within the crypto ecosystem.
Then came the bridging of the Ethereum blockchain, which saw the development of parachains and Ethereum forked chains which included smart contracts that gave birth to the Binance smart chain.
Several projects were developed and deployed seamlessly using this blockchain which was a lot easier and more accessible for creating smart contracts, needless to say, this also gave birth to the third generation of blockchain millionaires and Billionaires where projects were created without real value, especially “ meme tokens”.
This created a different kind of buzz around the blockchain technology and cryptocurrency space as it caught the attention of traditional media and the entire social media ecosystem.
However, most people who did not participate in all these past opportunities should not count themselves unfortunate as we live in a very dynamic world, and as we speak there are several opportunities with an even greater mass appeal bordering on users of all ages.
In my opinion, I believe it is the Metaverse and GameFi generation we are migrating into at the moment.
The obvious opportunity to engage in the play-to-earn (P2E) multi-purpose platforms where individuals can engage each other and use various formats to play games and still make money is a phenomenal development as experienced in the Axie infinity, Devikins, and LoveMonster games.
There is also the opportunity for the sales of NFT’s, where an NFT can be associated with a particular digital or physical asset (such as a file or a physical object) and a license to use the asset for a specified purpose. Such NFT can be traded and sold on digital markets such as Opensea, and our own Klever Marketplace. This cryptographic transaction process (from the blockchain) ensures the authentication of each digital file by providing a digital signature that is used to track NFT ownership.
In conclusion, at Klever, we create even more opportunities with our Klever platforms to educate and inform anyone and everyone who intends to know and acquire knowledge from the crypto space for the benefit of investing in their financial future without breaking the bank in a Klever way.
