A lot has been said about the chicken and egg problem in the blockchain context: some bet on protocols as the baseline innovation layer to drive the blockchain revolution, others are convinced that value creation happens on DApps level and, unless there is a DApp that is able to capture attention of the mass market, blockchain will remain “underground” technology of the few.
We have been closely watching industry thought leaders debating the question and, in the meantime, internally analyzing what happens on the market.
There is no doubt that the more precedents take place, the more arguments will be used by the representatives of opposing parties to prove their respective opinion. But the reality is: there is still not enough of evidence to predict at which point and what project will make the long-awaited breakthrough and whether it’s going to be a DApp or a protocol.
As of now, industry participants are split between people who think that DApps will win people’s hearts but they just need more time to realize their full potential in terms of usability, functionality and product-market fit, and people who prefer focusing at the infrastructural stage in the lifecycle of the industry and picking protocol winners.
We, at Cyber Studio, totally envision that both of the scenarios are possible.
In other words, did we come to a definite position to this question yet? — No!Did we have fun envisioning DApps and blockchains arguing who is more important? — Definitely yes!
It’s like a continuous battle between two lovers who are picking on each others’ drawbacks yet cannot live without each other. Do you also think we can learn a lot about the relationships of DApps and Blockchains by looking at a typical bad romance?
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IMPORTANT NOTICE: This article is intended for entertainment purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.