Do you think projects should improve with the use cases they offer ?

[PX-Z]

But, no matter how good the project related to decentralized storage is, IMO it will only attract a small part of the market... why? Because currently some competitors for cloud storage or other centralized storage, it is more interesting and even has mature services... different if we look for the concept of "decentralized" only, maybe there are different choices...

Although centralized services usually have more to offer and often provide cheaper options, projects like decentralized services, especially those focused on decentralized storage, appeal to people who prioritize privacy. Simply put, they are the primary target market for this type of service.

[Akinwale Akinkunmi]

As someone who deals with media a lot, i was not aware there’s a decentralized data storage system now or i’m i the only one in the dark ?

Decentralized data storage have been around for long time, although i don't how decentralized is it in practice. CoinGecko even made price comparison back on 2023, Centralized vs Decentralized Storage Cost (2023) .

Apparently this project Walrus, provides efficient data storage solutions by storing and delivering raw data like videos, images and PDFs. I also like the fact that it supports web applications.

I searched "project walrus" on Google Search, but it shows unrelated stuff (such as video game, android application and DARPA project).

I find stuffs like this interesting because most projects nowadays just seem to be repeating the use cases of projects in the past. This is not me hyping it, i just find it cool. Do you also think projects should have more improved use cases ?

In general, i agree we definitely need cryptocurrency/blockchain project with use-case other than speculation, investment or payment method. Although IMO not all use-case is suitable or needed to be done on decentralized or blockchain system.

I think you misspelled the search term or searched for the wrong thing. It was actually 'Walrus' you were supposed to search, not 'Project Walrus'. As soon as I saw your comment, I decided to do my own research and found all the details I needed about the project the original poster was talking about.
I learned that people who farmed it are already depositing their allocations to receive extra airdrops, similar to what happened with $BR (Bedrock), $SIREN, and $PAWS, where holders and depositors benefited. I would love to see how far it goes as it is already listed on several exchanges like Bitget, i think on MEXC also and Bybit.

[ABCbits]

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I think you misspelled the search term or searched for the wrong thing. It was actually 'Walrus' you were supposed to search, not 'Project Walrus'. As soon as I saw your comment, I decided to do my own research and found all the details I needed about the project the original poster was talking about.
I learned that people who farmed it are already depositing their allocations to receive extra airdrops, similar to what happened with $BR (Bedrock), $SIREN, and $PAWS, where holders and depositors benefited. I would love to see how far it goes as it is already listed on several exchanges like Bitget, i think on MEXC also and Bybit.

FWIW, i used term "project walrus" because that's what OP said. So how would i know if it's not good search keyword. And i have no idea why would you mention unrelated token/coin and exchange. Do you actually intend to shill rather than reply to my post?

[TomPluz]

Do you think projects should improve with the use cases they offer? I believe that utility cases should be at the core of the project...providing the very reason why it exist in the first place and that without them then it is just another hallow block that can't stand the pressure of the market and will just integrate. Making use-cases like a decoration or just an after thought is not the way to go for a project to eventually survive in the very competitive cryptocurrency market. One reason why a project can be considered is memecoin is the lack of solid and practical use-cases and just relying on hypes and artificial community support...the end can be disastrous.

[Rruchi man]

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I find stuffs like this interesting because most projects nowadays just seem to be repeating the use cases of projects in the past.

This can be happening mostly because the people behind the project are not creative enough or lack creativity in general.

I feel that they are many creative individuals with better ideas about projects, but they just lack the platform to showcase it, how unfortunate.

[Baofeng]

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I find stuffs like this interesting because most projects nowadays just seem to be repeating the use cases of projects in the past.

This can be happening mostly because the people behind the project are not creative enough or lack creativity in general.

I feel that they are many creative individuals with better ideas about projects, but they just lack the platform to showcase it, how unfortunate.

I do agree, unfortunately though, there could be a lot of great projects in the past that didn't have the support of the community for one reasons alone. Is that this projects might not make them money.

That's the sad truth of crypto projects, even in the last cycle, there seems to be a lot of projects that didn't have the consensus and everyone is going after the meme coins and those pump and dumps altcoins.

[Alone055]

Do you also think projects should have more improved use cases ?

Of course, if a team is smart enough, they would understand that if they are repeating a use case, they will need to be better than the already present projects to get a good market share, or they should try and introduce a new use case that doesn't exist in the market yet so that they can have an audience of their own instead of trying hard to steal another project's followers and investors.

You are right that we rarely find projects that bring something new to the table. Most of the projects these days are mostly focused on launching their own blockchain protocols, that's the reason why we have so many layer 1 and layer 2 blockchains in the industry when initially we only used to have a couple or maybe 3.

[NotATether]

Teams cannot add use cases if they have no users. This is one of the things which leads to a sort of paradox, since the lack of users is precisely what discourages users in the first place.

[bitterguy28]

Teams cannot add use cases if they have no users. This is one of the things which leads to a sort of paradox, since the lack of users is precisely what discourages users in the first place.

then why not have a proposed use case in the first place? they wouldn’t have any interested users if their project did not have any vision and mission the investors are looking for a project that is substantial and can offer them something and this should be obvious from the get go

[Salahmu]

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I find stuffs like this interesting because most projects nowadays just seem to be repeating the use cases of projects in the past.

This can be happening mostly because the people behind the project are not creative enough or lack creativity in general.

I feel that they are many creative individuals with better ideas about projects, but they just lack the platform to showcase it, how unfortunate.

Yeah I have seen a lot of what @SavvyTon is saying because there are so many projects out there that looks almost as the same without much difference, and I wonder how there likeness in mentality is to have made them think the same way, however you are right because when a company do not have a competent hands for creativity they look for others to emulate what they have, so actually with a creative professional there is no way there information will not be stated well and different from every other platform.

[Trongduy]

Yeah I have seen a lot of what @SavvyTon is saying because there are so many projects out there that looks almost as the same without much difference, and I wonder how there likeness in mentality is to have made them think the same way, however you are right because when a company do not have a competent hands for creativity they look for others to emulate what they have, so actually with a creative professional there is no way there information will not be stated well and different from every other platform.

Most projects have similar solutions and products: Tron is a copy of Ethereum, Bsc and many L1s are the same. Arbitrum and Optimism are alike, the same goes for Base and Soneium. Each project changes a little to create a difference, but we can easily see the similarities.

I don't object to this, competition is necessary for the market, even if it confuses investors. The strongest will win and swallow their competitors in the same field, then we will have a few extremely large projects to invest in.

[albon]

I do agree, unfortunately though, there could be a lot of great projects in the past that didn't have the support of the community for one reasons alone. Is that this projects might not make them money.

That's the sad truth of crypto projects, even in the last cycle, there seems to be a lot of projects that didn't have the consensus and everyone is going after the meme coins and those pump and dumps altcoins.

When it comes to meme coin projects, they are completely devoid of use cases. The reason is that use cases and technology require capital, development, salaries, and more. That is why we find memecoins dominate the market: Project teams are now looking for the cheapest and easiest way to generate huge profits from the pockets of greedy investors.

What the OP mentioned is a drop in the ocean of projects that offer more useful and popular use cases, and certainly, despite their  low visibility, they are less risky than meme and pump-and-dump projects.

[taufik123]

When it comes to meme coin projects, they are completely devoid of use cases. The reason is that use cases and technology require capital, development, salaries, and more. That is why we find memecoins dominate the market: Project teams are now looking for the cheapest and easiest way to generate huge profits from the pockets of greedy investors.
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The majority of memecoins that appear today are only used as a tool to drain the money of traders who buy the memecoins made.
Just following the hype trend and then promoting it, when many buy and go up at a high price then the devs will sell all their memecoins.

This is the cunning way that memecoin developers are doing right now, But it doesn't mean that all memecoins will end up miserable and become scams, there are some memecoins that are indeed seriously built and to this day are still useful because they have real utility and are used for all sorts of things in crypto.

[bayu7adi]

The majority of memecoins that appear today are only used as a tool to drain the money of traders who buy the memecoins made.
Just following the hype trend and then promoting it, when many buy and go up at a high price then the devs will sell all their memecoins.

This is the cunning way that memecoin developers are doing right now, But it doesn't mean that all memecoins will end up miserable and become scams, there are some memecoins that are indeed seriously built and to this day are still useful because they have real utility and are used for all sorts of things in crypto.

Yes, and that's why the memecoin use case is actually not that important right now... even the pattern we know right now is just making new memecoins bet on the hype they are looking for... meaning, it doesn't need a complicated and tiring use case, because what is needed is to spread as many seeds as possible by creating new memecoins, and waiting for the results of which meme coins are hyped... that's where developers start selling their memecoins for profit alone... and that will be repeated and repeated over and over...

The majority will use important world events to associate with their memecoins.. because branding memecoins is quite difficult and taking advantage of hype looks simpler... even though they only associate the name, not fully related internally.

[taufik123]

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The majority will use important world events to associate with their memecoins.. because branding memecoins is quite difficult and taking advantage of hype looks simpler... even though they only associate the name, not fully related internally.

There will even be many similar memecoin names and it just depends on who is registered first and how widely they are marketing.

Memecoin snipers and insiders will always monitor the latest memecoin trends and will become hype when many influencers start buying.
Now don't just trust influencers even though they look very convincing, because in the end the memecoin you buy will be the Exit Liquidity of those who already bought it in the beginning.