The crypto market is currently a very crowded and over saturated space. There are thousands of projects all trying to fill the same few voids. For every one problem there are many different projects all offering the solution.
While in a regular market this is a great thing, the more competition the better, that’s how quality of products and services are improved amongst many other benefits, when in comes to people and businesses transitioning to the world of crypto the multitude of options seems to only complicate and confuse.
The way to successfully transition has to clear and simple, by dividing the focus of any particular solution into many different platforms and projects, none of them receive enough attention or momentum and have extreme difficulty gaining traction.
Crypto going mainstream will likely only occur once the market gets less crowded and the giants are able to clearly emerge and be seen, then there will be the opportunity to once again have many smaller companies and platforms addressing more specific needs.
Every individual company saying that they’re the future of the internet and everything will be built on them “we’re the next Google” “we’re the next Amazon”, discourages people from engaging, because they can’t all be right so it’s too soon to tell, too early in the game.
Consolidation will bring the mass adaptation and transition to web3.
