The past twelve months brought numerous changes along with industry redefining moments felt throughout macro environments and delivered possibly the most significant “phase change” we’ve since in Web3’s history.
Last year [2022] started off continuing the pace & excitement the industry had experienced during 2020 — 2021 with peak market cap ($2.90Tr), venture capital deployed ($30.0Bn+), total value locked (TVL) in DeFi ($175.0Bn+), rising protocols, new middleware, summers of DeFi, NFTs, and much more. Then, everything changed.
Towards the middle of Q2 2022, the industry was at the beginning of a massive industry shift. The change required a different mindset for all involved and demanded asking questions for not only a path forward but how to prevent the actions from occurring again.