# 2021 ---Kickstarted innovation By [ Web3 World](https://paragraph.com/@yng17) · 2021-12-23 --- 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](https://www.cnbc.com/2021/02/19/bitcoin-hits-1-trillion-in-market-value-as-cryptocurrency-surge-continues.html) mark. * Ether crossed [$500 billion](https://markets.businessinsider.com/news/currencies/ether-price-today-market-cap-500-billion-first-time-rally-2021-5) mark. * Total crypto market cap crossed [$3 trillion](https://www.bloomberg.com/news/articles/2021-11-08/crypto-world-hits-3-trillion-market-cap-as-ether-bitcoin-gain) mark. **NFT projects :** * [BAYC](https://alwaysbuzzboy.substack.com/p/bayc-supreme-of-nft-world) turned out to be one of the best NFT projects . * [Nouns](https://decrypt.co/78892/nouns-nft-exclusive-dao-club-ethereum-whales) Nft concept of one nft per day for 10,000 days. * [Loot](https://techcrunch.com/2021/09/03/loot-games-the-crypto-world/) : One the most mysterious projects. **NFT artists :** * [Tyler Hobbs](https://tylerxhobbs.com/) : Known for fidenzas * [Murtapak](https://twitter.com/muratpak) : Known for merge and many others. * [XCOPY](https://twitter.com/XCOPYART) : Known for flashy images. **DAOs :** * [ConstitutionDAO](https://twitter.com/ConstitutionDAO) : To buy the physical copy of the US constitution. * [Krause House](https://markets.businessinsider.com/news/currencies/kraken-house-dao-wants-nba-team-has-raised-ethereum-2021-11) : Mission to buy an NBA team. * [KlimaDAO](https://www.klimadao.finance/) : Misssion to fight climate change. **Companies :** * Facebook —> [Meta](https://about.facebook.com/meta/) . * Square —> [Block](https://squareup.com/us/en/press/square-changes-name-to-block) . * [Nike](https://wersm.com/nike-acquires-rtfkt-virtual-sneakers/) Acquires RTFKT, A Virtual Sneaker Company * [Pepsi](https://timesofindia.indiatimes.com/business/cryptocurrency/blockchain/pepsi-introduces-pepsi-mic-drop-genesis-nft-collection-to-celebrate-birth-year/articleshow/88251111.cms) introduces Pepsi Mic Drop genesis NFT collection to celebrate birth year. **Hacked / Fraud :** * [Squid token fraud.](https://www.bbc.com/news/business-59129466) * Crypto trading platform [Bitmart](https://www.cnbc.com/2021/12/05/hackers-take-196-million-from-crypto-exchange-bitmart-in-large-breach.html) experience a serious security breach. * More than $600 million was stolen in what is likely to be one of the biggest cryptocurrency [thefts](https://www.cnbc.com/2021/08/11/cryptocurrency-theft-hackers-steal-600-million-in-poly-network-hack.html) ever. **Life Changing moments :** * [Doge coin millionaire](https://www.thesun.co.uk/money/17045057/dogecoin-millionaire-elon-musk-memecoin/) . * Sold an NFT for [$1.4 million.](https://cryptopotato.com/the-photographer-that-made-1-4m-profit-on-bored-ape-nft/) * [This 24 year old](https://markets.businessinsider.com/news/currencies/genz-crypto-millionaire-rahul-rai-block-tower-crypto-avalanche-2021-10) sold his fund and became crypto millionaire. **Countries :** * [El Salvador](https://www.npr.org/2021/09/07/1034838909/bitcoin-el-salvador-legal-tender-official-currency-cryptocurrency) accepted bitcoin as legal tender. * Axie Infinity saved the people of [Indonesia](https://www.cnbc.com/2021/05/14/people-in-philippines-earn-cryptocurrency-playing-nft-video-game-axie-infinity.html) to earn a living. * [Many countries](https://www.google.com/search?q=first+country+to+introduce+cbdc&tbm=nws&sxsrf=AOaemvIzJjSyU5H03__bNZCBk-IhRTKgPQ:1639827743390&ei=H8m9YZKrF6KY4-EP2KCkyAI&start=10&sa=N&ved=2ahUKEwjStoyxou30AhUizDgGHVgQCSkQ8NMDegQIARBJ&biw=1440&bih=821&dpr=1.5) are planning to launch CBDC. **Creator economy :** * [Audius](https://audius.co/) is helping musicians to reap the benefits of their work. * One can earn by learning on [Rabbithole](https://rabbithole.gg/) . * One can do bounties and earn on [Layer3](https://alpha.layer3.xyz/app) . **Other notable events :** * [Beeple](https://www.theverge.com/2021/3/11/22325054/beeple-christies-nft-sale-cost-everydays-69-million) sold an NFT for $69 million. * [$ens airdrop](https://claim.ens.domains/) * [Vignesh Sundaresan, aka MetaKovan](https://www.reuters.com/investigates/special-report/finance-crypto-sundaresan/) . 2021 is just the beginning ![](https://storage.googleapis.com/papyrus_images/05c09a0dd382986ac9c1b453de5b7d846de60020d5607585261e70a65841ae1b.jpg) 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. This is Web3 KingKong — Democratizing Web3 Conversations. Join me on [Twitter](https://twitter.com/alwaysbuzzboy) . --- *Originally published on [ Web3 World](https://paragraph.com/@yng17/2021-kickstarted-innovation)*