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1. Qredo was born in a bear market

The first thing to note is that Qredo did not emerge overnight in a bull market bubble.Back in 2018, Brian, Anthony and the other co-founders started toThe idea of ​​decentralized hosting

This was actually beneficial, as it gave the team time to prepare and build prototypes, while the bravest institutional adopters were still alive.

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2. Seasonal patterns are changing

Now, not only are more people using and relying on cryptocurrencies outside of speculation, but there is also adoption beyond retail traders. we have witnessedFinancial InstitutionsFinancial Institutions

The level of demand for DeFi, not to mention dozens of mainstream companies — such as Adidas, Warner Bros., and Microsoft — are all exploring NFTs and the Metaverse.

This changing dynamic reflects the maturity of cryptocurrencies as an asset class, suggesting that the next time Bitcoin takes a dive, other markets may not be so quick to follow.

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3. Winter is the best time to plant seeds

For example, after the Mt Gox hack — arguably the most disastrous bear market ever — few believed crypto would make a comeback. But it did, and as the single-signature wallets that made the hack possible were widely replaced with multi-signature wallets (we've already done this withDecentralized MPCDecentralized MPC

further innovations), it becomes even more powerful.

As demoralized investors leave the market, the first DeFi primitives — such as lending and automated market making — are taking shape. Maker, Compound, Synthetix, and other blue-chip projects are planting the seeds for the backbone of decentralized finance as we know it today.

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4. Encrypted war chests are fully stocked

In the bear market of 2018, the market suffered a spiritual crisis; the lack of confidence in cryptocurrencies made it more difficult to raise funds, and it was difficult for projects without healthy reserves to survive.

Now it's a very different situation.In 2021, there are$31.6 billion

Seed round financingSeries A financing、Seed round financingandandAmassing $120 million in funding gives us ample resources to continue building for years to come. (In response, we do not need - and cannot - sell any of our QRDO tokens).

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5. Regulation drives adoption

In 2021, various countries gradually strengthened the supervision of encryption, and ill-considered regulatory measures such as the US Infrastructure Act cast a huge shadow.

And, with Qredo'stravel rulestravel rules

solutions, these institutions will be able to easily maintain compliance as they enter the market.

So when people start wearing bearskin jackets for "winter", I would encourage you to be colder - the cold makes you stronger!