Blockchain has surprised us since it was born. Like the Internet, Blockchain has a first successful developing decade and is now broadly recognized over the world.
Look back at the history of Blockchain
Blockchain, crypto, and Bitcoin from the concept
Since the white paper introducing the concepts behind bitcoin and blockchain was published in 2008 and bitcoin went from concept to reality in 2009, the human race has beheld those rapidly developing years of blockchain. In 2014, Ethereum made it possible to use blockchain technology for applications other than cryptocurrency. It introduced smart contracts and provided developers with a platform for building decentralized applications (Dapps).
Financial institutions and other industries began to recognize and investigate the potential of blockchain in 2014, changing their focus from digital currency to the development of blockchain technologies.
Etherium and its application
In 2015, the Ethereum Frontier network was launched, enabling developers to write smart contracts and decentralized apps that could be deployed to a live network. Ethereum was on its way to becoming one of the most popular blockchain applications. It drew in an active developer community that continues to this day. From that, Blockchain has been mainstream since 2016 with a gradual increase in people’s interest.
Entering the financial market, Blockchain has brought great initiatives like DAOMaker, Compound, AAVE, and UNISWAP to life. They are all Ethereum-based applications of DeFi with those cryptocurrencies now maintaining significant roles in the market.
After years up and down, interest in cryptocurrencies and certain types of blockchain projects (such as decentralized finance) ultimately showed resilience in 2020 — a year dominated by the Covid-19 pandemic, quarantines, and social distance. The increasing evidence that Bitcoin (and perhaps some other major cryptocurrencies) are attracting the attention of institutional investors and larger financial service providers.
NFTs opened a new world
Most recently, other use cases now gaining traction are prediction markets and NFTs, the latter more recognized for their roles in the art sector and collectibles but also gaining prominence with more sophisticated utility. NFTs first entered the limelight way before you might think, with the launch of CryptoPunks, the world’s first “rare digital art” marketplace, in October 2017. In only July 2021, DappRadar estimates that NFTs generated $1.2 billion in sales; more than half of the cumulative $2.5 billion sales volume In the first two quarters of 2021.
Thanks to blockchain technology, however, new models are emerging that stand to disrupt the norm. Play-to-earn video games are growing in popularity, and new services are lowering the cost of entry. These innovations are set to become the catalyst to create a true vision of the coming metaverse.
Blockchain gaming and the metaverse
If you aren’t familiar with the metaverse, the term is basically the name for the collection of digital services and worlds that are becoming increasingly interconnected and interoperable. It is an ambitious vision, and many traditional platforms struggle to offer true compatibility, meaning various grafted-on systems must be used.
Fortunately, blockchain makes that issue far more trivial. NFTs and other decentralized assets can be transferred seamlessly across multiple platforms as long as they connect to a blockchain. Furthermore, the digital currencies being used stand to become ubiquitous forms of virtual cash that can plausibly be used on virtually any future service. This then stands to build a fully functioning economy that essentially lives in cyberspace, revolutionizing the way gamers interact with their favorite titles, with each other, and with the larger economy.
To that end, this new ecosystem stands to have very real benefits to users worldwide. The ability to earn income and explore an immense world of entertainment will come from one, admittedly vast, access point. That will undo many existing paradigms for how value is created and transferred, but the basic infrastructure is being built now.
In the near future
Behind the scene of the metaverse will be a demand to deliver permissionless identity, financial services, and high-speed exchange. Data will have to be stored and served to millions if not billions of people. The answer to these problems lies in the technology of cryptocurrency.
While no one can predict exactly what the metaverse will look like, or when its final form will arrive, the importance of cryptocurrencies for its growth is a certainty. As we monitor the development of technologies like virtual reality, and the ways that current industry leaders like Facebook are getting involved, advancements in blockchain technology and the cryptocurrency sector will play an equally important role in shaping the metaverse’s future.
The OnePad roadmap and our vision
As experts in developing and consulting, we aim to deliver the best transforming solution for your projects, even from the scratch.
From our one-year roadmap, you can imagine that we are about to finish the first step. At the moment, we have finished our solutions for non-blockchain projects, multi-chain launcher platform, and incentive & whitelist tool. We are also in the first period of working with our clients to brainstorm, discuss and agree on their projects’ roadmap. One of our cherished projects — MetaGear, is about to complete the final steps of preparing for IDO.
With a non-stop expanding professional developer team in Blockchain, OnePad is now instantiating to complete our NFT Explorer, NFT Marketplace, NFT Invest platform, and Low code DApp Portal in the first quarter; OnePad Testnet: Horus Network, OnePad Wallet (Beta), Metaverse Scenario, Multi-chain asset bridge, and Blockchain Publishing Platform in the second one; OnePad Wallet iOS, Android & Extensions, OnePad Mainnet: Amon Network, Decentralized Exchange (DEX), Asset Migration, and Multi-Asset Investing in the third quarter; and Beta-Test Music NFT, Beta-Test Multimedia NFT, Beta-Test Digital Copyright Based on NFT, and finally Metaverse Ad Network in the last one.
With the long-term vision to the human race’s Metaverse, OnePad will definitely become a trustworthy partner for global teams as well as individuals who want to blockchain-ize their business.
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