From ‘node sales’ to ‘address addiction’, the money is in cryptocurrency

Nodes for sale: This is the latest innovation in the blockchain industry, not about technology but about how to raise cash from investors. “node sale” It involves selling blockchain nodes directly to investors, a process that ostensibly gives projects an easy path to decentralization while also bringing in quick cash. It’s still a relatively new phenomenon in fast-moving cryptocurrencies, but it’s becoming more and more common. It is becoming common. will takeDistributed GPU cloud infrastructure provider, released last week It is said to have distributed over 73,000 node licenses worth over 41,000 ETH ($126 million). Other blockchain projects raising funds through node sales include: carb, XAI Games and power room. The most recently released products are Sophone, an entertainment-focused blockchain ecosystem based on zkSync technology, relies on Celestia for its data. The project attracted more than $60 million a year. node sale Over the past week, despite its founder being semi-anonymous. Certain mechanics of the sale appear to be designed to promote fear of missing out, or FOMO, such as a tiering system where prices get higher as more nodes are sold, and the use of exclusive whitelists to reserve early spots for certain users. “Buyers want high-quality projects,” says Calvin Chu, a former Binance researcher who helped launch the company. impossible finance, which boosted some sales. Like many cryptocurrency-related investments, buyers hope to earn good returns in the form of token rewards and eventually qualify for token airdrops.