There are many more things that can be built within the blockchain space, and the good news is that members of the community know what they are, said Tegan Kline, the co-founder at Edge & Node, the initial team behind The Graph (GRT).
In a Cointelegraph interview, Kline discussed the crypto winter and made suggestions on what the community members should focus on while the markets are down. According to the Web3 executive, the community should stick to its core values and stay determined to deliver real solutions. Kline explained that:
The Web3 executive also highlighted that the crypto winter provides an opportunity for builders. This is because there is less noise during the bear market, making it what Kline describes as a "builder's paradise." Kline also said that:
Following this, Kline underscored that there are still many things that need to be built in the space, mentioning layer 2s, multi-chain aggregation, bridge technology, custody and decentralized autonomous organizations (DAOs) as some of the things that are on the way.
Apart from these, Kline also mentioned that blockchain can affect social media. “As the social networks of web3 come to fruition, they will be a game changer,” said Kline. In addition to that, the executive also believes that decentralized exchanges (DEXs) will eventually surpass the volume of centralized exchanges.
Related: Crypto winter survival guide: Community shares game plan for the bear market
When asked what blockchain community members should keep in mind during the crypto winter, Kline said that some of the greatest companies and technologies were born out of recessions. The executive urged the community to keep building. Klined highlighted:
Lastly, the Web3 executive mentioned that
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