The advent of blockchain has brought a significant shift in internet architecture by introducing a decentralized way of operating. One of the most noteworthy developments was the emergence of Bitcoin, the first notable project to pioneer a decentralized monetary system. Over the years, Bitcoin has grown to become the gold standard of the crypto market, largely due to its first-mover advantage.

Initially, Bitcoin was limited to functions like storing value and facilitating peer-to-peer transactions, primarily as a medium of exchange. However, in 2014, Ethereum introduced a groundbreaking feature to the blockchain world—smart contracts. Ethereum was the first project to truly unlock the underlying potential of blockchain by enabling decentralized applications (DApps), which opened the door for a wave of innovations and more participants in the space.

Since then, numerous projects have emerged, leading to a cryptocurrency boom. While not every project was genuine—many have failed—several have persisted and continue to thrive today. This innovation has fueled an unstoppable revolution, expanding blockchain’s role beyond just Bitcoin. It is no longer solely about cryptocurrencies but now impacts various sectors of traditional industries.

Blockchain is driving the digitalization of industries in ways that reflect the shift from Web2 to Web3. This transition unlocks new possibilities, as blockchain technology is applied across multiple sectors, creating systemic change. In simple terms, we are witnessing the growing applicability of blockchain in nearly every aspect of life in an increasingly tech-conscious world.