The Web3 Rebrand is Real! Here’s Proof…

TL;DR

• If you happen to’ve been on crypto Twitter of late, you will have observed lots of people speaking about business gamers rebranding themselves.

• The subtext being: Web3 ain’t as sizzling because it as soon as was, so firms aren’t utilizing it as a entrance going through promoting level anymore.

• We could possibly be method off right here, however to us it acts as a strong indication that we’re within the deepest depths of the bear market.

Full Story

If you happen to’ve been on crypto Twitter of late, you will have observed lots of people speaking about business gamers rebranding themselves.

(Primarily decreasing the emphasis that their firm/challenge/model is blockchain based mostly, or Web3 associated).

The subtext being: Web3 ain’t as sizzling because it as soon as was, so firms aren’t utilizing it as a entrance going through promoting level anymore.

Proper now, we’re scripting this from the TechCrunch Disrupt convention in San Francisco, and we are able to affirm:

The rebrand is actual.

Simply checkout the header picture of this text. Hedera is a cryptocurrency with one of many largest cubicles at TechCrunch.

…and never a single point out of blockchain tech.

Why is that this vital?

Nicely, we could possibly be method off right here, however to us it acts as a strong indication that we’re within the deepest depths of the bear market.

Positive, the broader market cooled off on Web3 and crypto some time in the past – however crypto firms cooling on crypto? That is new! That is the dangerous information.

The excellent news is that this:

Crypto is very cyclical. Traditionally, crypto has ‘died’ solely to be reborn larger and higher, on a 4 12 months cycle that matches the Bitcoin halving.

Which means if we’re proper in assuming that is the market low and also you belief that the market will rebound prefer it has prior to now:

We are able to solely go up from right here baaaaby!