Richard MacManus on Nostr: Unsurprisingly, #Web3 has an astronomical failure rate. 65% of crypto projects have ...
Unsurprisingly, #Web3 has an astronomical failure rate. 65% of crypto projects have died in 2023, according to this report. It also says that 72% of crypto projects "born in the 2020-2021 (bull run) have died." Not so much 'to the moon' as 'to the morgue'!
https://alphaquest.io/blog/dead-coins-report-2024/Published at
2024-03-12 14:32:29 UTCEvent JSON
{
"id": "696a30ee5e36eb99cd6d8980eb1b403f5f5a18d52b48ed399f7b2768be4b7a39",
"pubkey": "591491ae73b2877f6a82fd03a97a9fa3ba016884c9aaa4bebc45a98aa0f8b62a",
"created_at": 1710253949,
"kind": 1,
"tags": [
[
"t",
"web3"
],
[
"proxy",
"https://mastodon.social/users/ricmac/statuses/112083202839740486",
"activitypub"
]
],
"content": "Unsurprisingly, #Web3 has an astronomical failure rate. 65% of crypto projects have died in 2023, according to this report. It also says that 72% of crypto projects \"born in the 2020-2021 (bull run) have died.\" Not so much 'to the moon' as 'to the morgue'! https://alphaquest.io/blog/dead-coins-report-2024/",
"sig": "2134ca538f4ec1ca8ff25c8194ac1cb4aadba282bc2843e3b98c113e39ee8ce688c0ad01d2313e56efbe7bd8fac680fc11f09060e370064dae2307e091a11065"
}
