"Navigating Trust in Web3: Community Power and Project Accountability"

avatar


Source

Good day, everyone, and welcome to my blog. The cryptocurrency space is vast as we know it, and like I have said many times, no one knows it all in the crypto space. There are a lot of things for newbies, and even users have been in the space for quite some time to try and experience a new side of the crypto ecosystem. I can say from my experience that I have seen the good and bad sides of the crypto space, but the important key thing I have noticed is that the community should not be tampered with at any cost, or else the consequences will be dire.

The crypto community has been an important part of the crypto space since the web3 space began to be a reality in the crypto space. Web2 has been known for its centralized activities, which don't care about community opinions on their project but make the rules on how the project should run and this has for years caused some issues in the crypto space which forced the breakout of web3 where the community is most valued by developers. Web3 has been an incredible space, and we have seen a lot of crypto projects reach incredible milestones in the web3 space. One of the key factors that helped these projects is the community.

There have been some recent projects that have come out to claim to be a decentralized project that views the community's interest more than theirs and in the end, these projects don't follow suit with all their promises and make the community look stupid at the end. They are quick to forget that the community and the main reason the project reached the milestone and also got good VC because of the support it got from the community this has made me wonder why some of these projects use web3 as the front cover when they are the end don't portray what web3 truly defines in the crypto space.

These so-called web3 projects are giving the true web3 ecosystem a bad job. It is not good considering what other projects have done from scratch in the web3 space because it is giving some people doubts about what web3 has to offer in the long run. These projects don't know how powerful the community is because once the general decides to come together to disband a project it does not end well and this project called pixelverse is already receiving the heat on Twitter for their failure to fulfill their promises made a few months before their token launch.

Pixelverse has gotten a lot of backlash and it has taken many users to the report section to block Pixelverse's official Twitter handle which got the account suspended for something although the account has been reactivated back many Twitter users who participated in the project will continue to report for scamming the community. It just shows that if any project wants to be successful, it should follow through with it, promising because once the community turns it back, the project will be on its way down.

The community is an important part of the web3 ecosystem, and I just hope more projects in the future don't make these mistakes against the community to succeed in the crypto space. So, guys, that will be all for now. Thanks for stopping by, and have a good day.

Posted Using InLeo Alpha



0
0
0.000
1 comments
avatar

Congratulations @iamchuks! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 39000 upvotes.
Your next target is to reach 40000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

0
0
0.000