As the crypto industry continues to grow and evolve, it's becoming increasingly important to be able to distinguish between long-standing projects and those that are just in it for a quick profit. In a recent fireside chat, Ava Labs CEO Emin Gün Sirer shared his thoughts on the topic and emphasized the importance of supporting solid crypto initiatives while avoiding those with a short lifespan.
One of the key factors that Sirer pointed to in determining a long-standing project is the team behind it and their "staying power". He also mentioned the importance of considering the regulating jurisdiction of a cryptocurrency firm, as those headquartered in tax havens or Silicon Valley may not have the same long-term capabilities as those integrated with financial institutions in places like New York.
This is where the Great Library project comes in. As a long-standing crypto project, the Great Library has a strong and dedicated team behind it, with a clear vision for the future of digital books and readables. By leveraging blockchain technology, the Great Library is creating a new way for authors to promote and monetize their works, while also offering readers a more secure and trustworthy platform for acquiring and owning digital content.
Moreover, the Great Library is headquartered in a jurisdiction that supports the growth and stability of the crypto industry, ensuring that the project has the necessary resources and infrastructure to succeed in the long term.
In short, the Great Library is exactly the kind of solid crypto initiative that Sirer is talking about - one that is worth supporting and contributing to. If you're looking for a long-lasting crypto project to invest in, the Great Library is definitely one to consider.
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