Community-driven crypto projects defy market trends and thrive – Cryptopolitan
Despite the recent headwinds in the cryptocurrency industry, community-driven projects have flourished. One such example is Arbitrum’s native governance token ARB, which was recently launched with great anticipation.
The launch created a buzz in the community, as hundreds of thousands of eligible users and DAOs tried to claim the token. However, the high demand caused the airdrop claim page to crash shortly after launch.
Despite the challenges in the crypto market, community-driven projects like Arbitrum continue to succeed. This is a testament to the power of openness, inclusion and community involvement in the industry.
Arbitrum is not the only project that has mobilized a massive audience in recent months. Core DAO, a layer-1 protocol, distributed 1.2 million tokens to individual users through a token airdrop even before the mainnet launch.
The project had already gained over 1.6 million Twitter followers and over 215,000 Discord members. The success of these community-driven projects demonstrates the importance of community engagement in the crypto industry.
According to Core DAO contributor Brendon Sedo, community ownership and inclusion are important goals for any successful crypto project. Sedo also highlighted the importance of transparency and distribution of information across a variety of platforms.
Community-driven crypto projects are not limited to token distributions and airdrops. Web3 games and metaverse platforms have also seen significant growth due to community engagement.
Aftermath Island’s Metaverse, a virtual world, generated nearly 4 million resource pack NFTs in just 140 days after the release of its first monetization game. The platform also saw the latest 1 million users added in just 15 days, demonstrating the power of community engagement.
David Lucatch, CEO of Aftermath Islands, emphasized the importance of community engagement in creating a successful platform.
He noted that their focus was not on the number of users, but rather on the users’ activities within the platform. The platform’s resource package NFTs represent real ownership of items that can be traded or used in different ways within the platform as personal items.
The success of community-driven crypto projects is a testament to the strength of the crypto community and the industry’s potential to create decentralized, transparent and inclusive projects.
With the continued growth of community-driven projects, it is clear that the importance of community engagement in the crypto industry is here to stay.
