Educating the next generation of Web3 users

“How do we bring the next billion users to crypto?” This is a question that gets thrown around at crypto conferences and metaverse meetups – a question that people have been asking for a while. Achieving mass adoption may sound like a daunting task, but crypto media outlets like Cointelegraph help spread the news about what’s happening in the crypto space every day, helping to increase adoption.

Many people in the crypto space have probably had experiences where others ask them questions about various aspects of cryptocurrency, and trying to explain all the intricacies at once can be a challenge. This predicament is what inspired the latest report from Cointelegraph Research.

Download the Cointelegraph Research Terminal report.

The “ABCs of Crypto” report is a perfect start for those new to blockchain, providing a high-level overview of the most important cryptocurrencies and blockchains, decentralized finance (DeFi) and non-fungible tokens (NFT). Throughout the report there are links and references to all the useful resources found on Cointelegraph’s website. Combining these with other chain data and statistical data from various sources, the “ABCs of Crypto” is intended to be a starting place for those new to the space to learn about everything from why they should care about DeFi to the difference between hot and cold wallets and how NFT marketplaces work.

The world is just starting to adopt blockchain technology

Believe it or not, it took about five decades for electricity to be used by almost 100% of households in the United States. It took radio about four decades, color TV about three, and the Internet almost two decades. The adoption curve for modern technology seems to be getting shorter and shorter. The blockchain industry can be said to have started seeing adoption in the last five to six years. If Metcalfe’s law of exponential network effects spurred by more users and usage holds true, blockchain may experience an even shorter adoption curve than other technologies of the past century.

DeFi and NFT are good starting points

Finance and art are two aspects of the human experience that fit perfectly with blockchain, decentralized ledgers and all things crypto. The “ABCs of Crypto” report first focuses on understanding Bitcoin (BTC), then moves on to other major platforms such as Ethereum before discussing the decentralized exchanges. It continues to provide readers with an introduction to the world of DeFi. From a timeline of NFTs, the report also explores how non-fungible tokens can be used outside of digital art in the form of JPGs – including music, tickets, country and identity.

Cointelegraph Research’s latest report is a starting point to help bring new people into the crypto world. What better way to be part of the change and put Metcalfe’s Law into full effect than to help at least one or two people jump on board and get comfortable with all that the future of money has to offer?

The Cointelegraph Research team

Cointelegraph’s research department consists of some of the best talent in the blockchain industry. Bringing together academic rigor and filtered through practical, hard-won experience, the researchers on the team are committed to bringing the most accurate, insightful content available on the market.

Michael Tabone is Deputy Director of Research at Cointelegraph. The research team consists of subject matter experts from all areas of finance, economics and technology to bring the premier source of industry reports and insightful analysis to the market. The team uses APIs from a variety of sources to provide accurate, useful information and analysis.

With decades of combined experience in traditional finance, business, engineering, technology and research, the Cointelegraph Research team is perfectly positioned to put their combined talents to good use with the “ABCs of Crypto” report.

The opinions expressed in this article are for general information purposes only and are not intended to provide specific advice or recommendations for any individual or about any specific security or investment product.