Answering the call
Here are some comments from a AFR article: (https://www.afr.com/technology/brace-for-sustained-crypto-bear-market-experts-warn-20220513-p5al5g) "Last week, the collapse of the third most widely used stablecoin, terraUSD, prompted a dramatic rerating of crypto prices and signalled the start of a period where the inherent technical risks within crypto investments are more considered. But Michael Gronager, co-founder and CEO of the world’s largest crypto data analysis firm, Chainalysis, says these down periods are useful to distinguish between the signal and the noise. “It’s during these bear markets where good new tech gets developed,” Mr Gronager said. “We’ve seen people get excited about new technology and suddenly everyone wants to access it, but it’s never as good as people hope for. And then there’s a certain level of disappointment, but it’s when a bear market comes along and companies are under-funded that real innovation emerges.” We think the good new tech is already in play - its NFTs - which allow ownership of both digital and physical assets.
While the world gets distracted by digital art, and the BAYC phenomenon the reality is the utility of NFTs has barely been scratched and their interoperability (despite Meta/Instagram announcements) has been lost in the negative news/market flows. We also think the FIX00 project is bridging the virtual and the real world with its NFTs, it most certainly is consumer-facing and its offerings are innovative and importantly they are noncorrelating hedges; undebatable real stores of value. FIX00 is answering the call - protection, innovation, and deliverability
For a short overview of the FIX00 project 🙂 please use this link: The Start of something new
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