On January 26, Joy Lee, Business Director representative of CHAINUP was invited to Crypto Challengers community and had an AMA session with the community.
The size of the crypto market achieved a historic breakthrough in 2021, reaching its highest point in November: nearly $3 trillion, ending the year at $2.25 trillion, an annual increase of nearly 200%. Bitcoin and Ethereum have also broken record highs several times in 2021, with peak prices approaching $70,000 and $5,000, respectively.
The blockchain gaming ecosystem is rapidly evolving with new developments all the time in crypto (play-to-earn), NFTs (digital assets), and social-fi (individual DeFi). On a wider scale, a parallel can be drawn - how Las Vegas was built. At first, there was one bistro with a few slot machines and poker tables. Then more places opened with new games to play, and all winnings could be cashed out and then re-staked at each one of them. That fluidity cultivated the whole ecosystem.
