Brian Armstrong’s Ten Ideas for Crypto Developers: Building in the Bear Market
Coinbase CEO, Brian Armstrong, has shared a list of ten ideas that he believes are worth exploring in the crypto space. He encourages developers to turn these concepts into reality, especially during the current bear market. Here are the key points:
- Flatcoins: Armstrong suggests creating a decentralized form of money that tracks consumer prices and preserves purchasing power.
- On-chain Reputation: This concept involves assigning reputation scores based on on-chain data, which could be used for lending, ratings on merchants, fraud prevention, and more.
- Onchain ads: Armstrong proposes a new model for advertisements that operate on on-chain actions, instead of relying on views or clicks.
- Onchain Capital Formation: This idea aims to democratize fundraising and help ICOs and startups raise funds on the blockchain in a compliant manner.
- Job/Task Marketplace: The concept of a marketplace that addresses payment issues in the global job market.
Armstrong believes that starting a crypto company during bear markets is essential for long-term success. By focusing on these ideas, developers can contribute to the growth of the crypto space.
Hot Take:
Brian Armstrong’s list of ideas highlights the potential for innovation in the crypto space, even during market downturns. By exploring these concepts, developers can create new solutions that cater to the needs of the Web3 audience. This proactive approach to building during bear markets sets the stage for future success in the crypto industry.
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