FomoHunt 2.0 ~ The Rise of the Crypto Ecosystem
A good comeback story, by Digital Lawrence, Co-Founder FomoHunt
As it stands today, the cryptocurrency industry has grown exponentially since we first started the journey of FomoHunt almost 18 months ago. We first created FomoHunt as “the platform” to find, curate, and attend blockchain events globally. We felt this was a grand entry into the cryptocurrency scene, as it solved a major problem.
Problem 1: People wanted to learn more about blockchain.
Solution 1: Introduce them to blockchain educational events.
The problem we encountered was the disparate information surrounding the industry, as language (and tech) barriers were abundant.
Since crypto is the world’s first global & decentralized community, it leads to a lot of noise when it came to networking, learning, and growing your “circle”.
Personally, I was lucky enough to spend over 16 months combined overseas (outside of America), between 2018–2020, and 3 things stuck out —
- Just how passionate the crypto community is.
- Just how global the crypto community is.
- How hard it is to find opportunities to connect.
The problem I encountered while travelling was the information on blockchain events was spread across handfuls of platforms, (Meetup, EventBrite, Custom Landing Pages, WeChat groups, WhatsApp groups, email newsletters, and Facebook events), so we decided to build a blockchain event aggregator.
BOOM>FomoHunt 1.0.
It quickly gained a lot of traction in the US and overseas as well, as a hub to find every crypto event in the world all in 1 place. We did quite well, had a few launch events in the US and overseas (Berlin, London, Poland, Bali, Singapore, and many more). The best part is, people recognized my t-shirt’s logo with FomoHunt on it when the platform was only a few months old — pretty cool.
From there, we continued to work on the platform, and attempt to scale it. As 2019 wrapped up, we thought, is this really the biggest problem we could be solving? The answer was, probably not.
So we racked our brains around what type of team can we build, and what kind of problem we could solve, but one thing remained consistent, the desire to connect people from around the world, and educate them on this industry.
I don’t need to go into to much detail about the growth of blockchain/crypto/virtual currencies, but if you’re unfamiliar, I’ll post two quotes below showing the upside of this industry.
Andreessen Horowitz Raises $515 Million for New Crypto Fund, Surpassing Initial Goal — surpassing the initial goal by $65 million.
Researchers at American venture capital firm Andreessen Horowitz say the 11-year old industry is in its fourth supercycle with the three previous epochs culminating in distinct developments that have gone on to shape the market as a whole. (Source)
The global blockchain market size is expected to grow from $3.0B in 2020 to $39.7B by 2025, at an impressive Compound Annual Growth Rate of 67.3% during 2020–2025.
The increasing need for simplifying the business processes and need for supply chain management applications integrated with the blockchain technology will drive the overall blockchain market. (Source)
As you can see, the industry is poised and primed for growth, and we at FomoHunt.com are on the ground floor, of a new paradigm of business, finance, and possibly even monetary policy.
At FomoHunt, we’re skating were the puck is going, as we’re just getting started. Going back to the end of 2019, we decided we needed to solve a bigger problem, sticking with the core theme of education, as the Fomohunt team has spent 10+ years cutting our teeth in the industry, we realize the barrier of entry is extremely high, still to this day.
Knowing how high the barrier is, we decided to build an ecosystem of interaction, community, beautiful products, and education, which brings us to FomoHunt 2.0.
Luckily, we decided to pivot away from events, just in the knick of time, because as we pivoted away from events in January, Covid-19 hit — effectively stopping in-person events globally, what a save!
So today, we announce the beginnings of FomoHunt 2.0: the future of curated, decentralized finance, FomoHunt.com
With crypto being hyper-expansive, FomoHunt needs to continue to execute not only to keep up, but to lead, as we’ve seen similar companies like CoinMarketCap.com and Blockfolio.com recently acquired by industry giants FTX & Binance for north of $150M. If you ask me, the purchasers got a fantastic deal. At FomoHunt, we’re trying to capture that same growth, and maybe even more, as we are bringing a new spin, on an old problem: financial education.
Thanks for reading.
