DappRadar has become one of the most popular resources for decentralized applications. With a wide range of choices including NFT collections, dApps and DeFi projects, DappRadar has become an unrivaled and practical multi-chain data aggregator and has grown into a widely used destination for many industry participants.
CryptoPotato I had the opportunity to talk with DappRadar CEO and co-founder Skirmantas Januškas on a variety of topics, including non-fungible token hype, DeFi, and the ongoing bear market.
Cryptocurrency “Ahaha!” Moment: CryptoKitties
Skirmantas co-founded DappRadar with Dunica Dragos Valentin, but their story began long before they knew each other for over a decade before launching DappRadar.
Both have a development background. Skirmantas was running the back end, while Dragos was running the front end development. They met online and started working on some “small projects” here and there. This is where things get more interesting.
Perhaps seven or eight years ago, Dragos kept pinging me to do something with Bitcoin. In general, he entered Bitcoin much earlier than I entered cryptocurrencies. For the last few years, I’ve probably understood cryptography like most people today.
He said it probably took four or five years to really understand the power of blockchain since he first heard about Bitcoin.
It happened when CryptoKitties launched in 2017 and went through a lot of roofs. And at that point, as a backend developer, I thought I needed to start understanding what smart contracts really are.
Skirmantas shared that this was his “Aha!” Moment-The moment he describes it as “amazing.” He looked at blockchain from a very simple perspective and imagined the simple and powerful concept of modifying transparent verifiability in online poker.
Now that he and Dragos have clicked on the power and potential of blockchain, the idea for Dapp Radar is born. Interestingly, it’s been three to four days since the idea of developing the first version of DappRadar and bringing it online was born. He shared that they accepted more than 5,000 users overnight. Since then, they have expanded to a team of about 80 people and have hired 30 people this year alone.
NFT will definitely stay here
Despite declining interest, quantity and reputation in some of the most popular NFT projects, Skirmantas is bullish across the industry and believes it will definitely stay here.
In addition, non-fungible tokens have generally been one of the biggest on-ramps into the cryptocurrency space, as they have onboarded thousands of people looking for the next BAYC project. Even if many of them get burned, Skirmantas claims that this was a big problem for the industry as a whole.
The big difference between those who participated for NFTs and those who participated for SHIB and other coins is that when you want to buy SHIB, go to a centralized exchange, put a flat in your account and get tokens. Is to buy. At that point, it literally has nothing to do with the blockchain. This is because all tokens are placed in the spreadsheet using Binance.
For NFTs, you need a wallet, but you need to put the cipher in your wallet to learn how to use MetaMask. This was a great opportunity the market had and we saw it again.
He also says that one of the biggest challenges is the lack of information and education, which is why we are not yet in the mass recruitment stage.
“We are like a bear market.”
The elephants in the room are in the process of cryptocurrency winter, as prices are well below highs. Regarding the similarities and differences between the current and 2018 situations, Skirmantas said:
Many people say this “What is the bear market? Prices are falling, but what is in the market?” I think that is the main difference between 2018 and the present.
He joined when the market peaked in 2017 and 2018 and shared that he saw the first ETH purchased for close to $ 1,500 and it fell to its lowest price. Talking about the current situation, he revealed that it doesn’t affect us, and that:
“I think we like it to some extent because it brings some clarity to the industry. It pushes away all” hype “projects and projects that aren’t backed by anything. Without these, we can have a good time building and focusing on really valuable projects. “
Moreover, unlike some poor companies in this area, the CEO said they are still hiring.
Watch the entire video to find out his thoughts on the potential catalysts needed to trigger a new blulan, his overall view of the future of the industry, and what DappRadar has prepared for users. Don’t hesitate on that!
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