As people seek spaces to connect with shared interests, online communities have transformed from niche forums into powerful hubs for engagement and brand development.
Here are the latest updates from the crypto world.
As people seek spaces to connect with shared interests, online communities have transformed from niche forums into powerful hubs for engagement and brand development.
This has been witnessed by a growing demand for meaningful connections and personalized experiences has fueled this shift, with community site visits increasing by 64% over recent years.
The enterprise social networking and online communities market is projected to grow from $10.83 billion in 2023 to $25.48 billion by 2032. This increase highlights the necessity for community platforms to provide more substantial, monetizable experiences.
While the market shows promise, its success hinges on efficient monetization tactics. Conventional methods such as advertisements, subscriptions, and single purchases frequently fail to fully leverage the worth of engaged communities. Specialists assert that prioritizing significant advantages for members is crucial, rather than just compensating creators.
A new all-in-one crypto application, Azura aggregation layer, has launched with support from some of the most notable crypto founders.
Azura brands itself as an on-chain interfacing layer. It was launched on Oct. 22, and aims to lower the entry barrier for new investors and enable them to trade any asset via decentralized finance (DeFi) applications.
According to an Oct. 22 X post, Azura aims to support all blockchains and protocols,
“Azura aggregates all major forms of decentralized infrastructure into a single application. By bundling functionality and abstracting away complexity, Azura preserves the benefits of DeFi—self-custody, decentralization, and transparency—while lowering its barrier to entry.”
An executive at the Centre for Blockchain Technologies (CBT) in the United Kingdom said, engagement among academics, regulators and Web3 builders is important for the expansion of the Web3 space.
At the 2024 Peer-to-Peer Financial Systems (P2PFISY) Workshop in Dubai, Francesco Pierangeli, the deputy director of the UK CBT, discussed with Cointelegraph the significance of engagement and collaboration in the crypto industry and the origin of crypto ideas in universities.
Pierangeli, who is also an assistant professor at the University of Birmingham, emphasized that technologies created and developed in academic environments have been crucial to the crypto sector.
He stated, ''The entire crypto world is filled with ideas that have been conceived at universities. Even Bitcoin itself is essentially a compilation of technologies developed at universities.''
He noted that this is evident from the references in the Bitcoin white paper.