Since its launch in 2015, Ethereum has been a fierce competitor to the legendary Bitcoin. and it has garnered a huge user base. The massive support has been due to its ability to allow developers from outside and support multiple other crypto applications, including smart contracts and non-fungible tokens (NFTs). But, the blockchain is still the second-best to Bitcoin for obvious reasons of being late but not too late to the blockchain world. The currency $ETH rising steadily, although dips common in the cryptocurrency world can also be observed.
The Latest Move (a) Movie!
As the latest move, the developers of Ethereum have decided to make a full-fledged movie on their product. Ridley Scott, the director of the film will produce the“Blade Runner”. The movie has been titled “The Infinite Machine”. And it will focus on the story behind the development of the Ethereum blockchain network. A decentralized autonomous organization (DAO) will fund the film. While the technology behind the blockchain and NFTs will also help and support the project. When released, the movie will be the first full-length feature film based on cryptocurrencies. You can also become part of the history if you have an excellent cryptocurrency concept. Multiple blockchain development firms can help you realize your concept. Who knows, your idea & the work behind it can even end up as a movie in some part of the world in the future.
Views of the Wider Crypto Space
But, a part of the crypto community is viewing the move to produce an ETH movie as a publicity stunt from the developers of the blockchain. It is obvious that the movie is aiming to attracting more investors. Even though requirements from outside are not needed by the network. It has been speculated that the film could be that curtain to hide some of the developers’ shortcomings in the recent past. Such pitfalls include the unfulfilled promise of Ethereum 2.0. It has been expected for a year already. The fall in the value of ETH in recent times is due to the blockchain’s inability to process transactions efficiently. The rise of other environment-friendly blockchains is Solana and Avalanch. It also does enough damage to the Ethereum firm as more people are shifting to those networks in recent months.
A Path for Your Success – It’s Not an NFT Movie Suggestion!
Even you can capitalize on the current crypto climate if you have a concept for a cryptocurrency that could potentially change the world for the better.
You can get in touch with an experienced firm in cryptocurrency development to elevate your idea from paper to reality. Still, if you think that cryptocurrencies are too volatile and your idea might not really go heights. There are many alternative business options based on cryptocurrencies. One of the popular options is a cryptocurrency exchange. It can be a safe business option as your crypto investments will be minimal. As an exchange, your main focus will be to facilitate crypto transactions and earn profits through collecting transaction fees. Your new crypto exchange can have the nature of centralized, decentralized, or hybrid. Every model has its own advantages and disadvantages.
Also, through a crypto exchange business, you can still bring in your idea of creating a cryptocurrency in the form of a native token for the platform or listing your cryptocurrency on your exchange. Perfect tactics can help gain value for your crypto venture and the product. A company with lots of experience in the development of crypto-related applications can be of great help in passing the mission.
Therefore, irrespective of how the ETH movie turns out or how soon the developers release the upgrade for the blockchain, you can have a cryptocurrency rolled out or run a business based on a cryptocurrency, you can be successful as a cryptopreneur. If you want to get into the crypto space soon, consider approaching an experienced firm. It will assist you in developing the products for your business.