For the frequent observer, the above heading seems to be one we’re starting to see more and more of. Clearly there has to be a bit more as to why this is happening now?
For CryptoTask, after their initial announcement
surrounding their plans to migrate to the Tezos network, they recently shared
a bit more commentary around the rationale basis.
One particular point was shared in their blog post.
Tezos is this “Ever Growing, Never Aging” type of protocol. It develops with each minute while not compromising on security.
This particular point should come as no surprise for many of us. The one key separation point that remains to set Tezos apart is it’s ability to evolve and port the latest technologies onto the protocol in a well-defined manner. Furthermore, Tezos is the only PoS-based blockchain network that has battle-tested this ability to the extent we’ve witnessed thus far within the blockchain space.
Nevertheless, CryptoTask makes another great addition to the Tezos ecosystem. When we look at the concept of freelance marketplaces, it’s tackling a rather large market. A study
conducted by UpWork in 2019 estimated that over 57M Americans currently engage in freelance work and add an estimated $1T to the economy annually.
When you combine this relatively large scene to a more nascent area such as blockchain, there’s quite a few possibilities.
For Tezos, the significance of this development comes as the tackling of a large market and a growing increase in network effects for the protocol. With CryptoTask’s 35,000 users, that’s a relatively decent amount of people who may not have heard about Tezos, to begin to learn more about it and potentially move onto direct contributions to the ecosystem (ex: baking, delegating, and more).
We should not lose sight of the bigger picture. Where it’s easy to become enamored with market activities, network effects and utility drive organic and real adoption.
As the blockchain space begins to evolve from more than a relatively nascent area, protocols like Tezos that are continuing to drive utility and increase network effects will also evolve for the better.
Speculation is just that, speculation. Network effects and real utility are what lead to adoption and those factors will always tell a different story than the former.
With contract calls set to eclipse another all time high for this month, as long as things continue to move at the same pace, the future is bright for the Tezos ecosystem.