2021 can be considered as a base year for web3 innovation . Innovation has happened from Defi, Nft , cryptos , x2e and so on and so forth.
It’s not possible to cover the entire year but I will try to cover some key areas :
Crypto :
Bitcoin crossed $1 trillion mark.
Ether crossed $500 billion mark.
Total crypto market cap crossed $3 trillion mark.
NFT projects :
BAYC turned out to be one of the best NFT projects .
Nouns Nft concept of one nft per day for 10,000 days.
Loot : One the most mysterious projects.
NFT artists :
Tyler Hobbs : Known for fidenzas
Murtapak : Known for merge and many others.
XCOPY : Known for flashy images.
DAOs :
ConstitutionDAO : To buy the physical copy of the US constitution.
Krause House : Mission to buy an NBA team.
KlimaDAO : Misssion to fight climate change.
Companies :
Facebook —> Meta .
Square —> Block .
Nike Acquires RTFKT, A Virtual Sneaker Company
Pepsi introduces Pepsi Mic Drop genesis NFT collection to celebrate birth year.
Hacked / Fraud :
Crypto trading platform Bitmart experience a serious security breach.
More than $600 million was stolen in what is likely to be one of the biggest cryptocurrency thefts ever.
Life Changing moments :
Sold an NFT for $1.4 million.
This 24 year old sold his fund and became crypto millionaire.
Countries :
El Salvador accepted bitcoin as legal tender.
Axie Infinity saved the people of Indonesia to earn a living.
Many countries are planning to launch CBDC.
Creator economy :
Audius is helping musicians to reap the benefits of their work.
One can earn by learning on Rabbithole .
One can do bounties and earn on Layer3 .
Other notable events :
Beeple sold an NFT for $69 million.
2021 is just the beginning
2021 was a year full of activities. But it’s just the beginning of multiyear web3 innovation cycle .
If you have something then NOW is the time to make it happen.
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