• The crypto market is in desperate need of fundamental projects that will pull it out of the crypto winter.
• Cheelee project offers a full-fledged implementation of decentralized technologies and pays viewers for their attention.
• Cheelee has raised $22.45 million from venture capitalists and is targeting a multibillion-dollar audience of social media users.
Crypto Market Needs Fundamental Projects to Exit Crypto Winter
The cryptocurrency market has been facing a long and difficult winter since 2022, with one of the world’s largest crypto exchanges FTX collapsing, regulators suffocating embrace following this disaster and no fundamental reasons leading to a new bull run. To get out of this winter, the crypto market needs fundamental projects that can bring in real value while also helping with mass adoption.
Cheelee Project – The New TikTok
Cheelee project aims to become the new TikTok based on completely new principles, offering not only earning on the audience’s attention but also paying viewers for their attention. This project targets a multibillion-dollar audience of social media users who can be involved in the world of cryptocurrencies through Cheelee’s full-fledged implementation of decentralized technologies.
Venture Capitalists Investing Amid Crypto Winter
Despite the ongoing challenges faced by the cryptocurrency market, venture capitalists have still invested over $30 billion into crypto and blockchain startups throughout 2022. In Q4 alone, Cheelee reported raising $22.45 million from venture capitalists which would help them reach their target audience and make headway towards success under the guidance of an experienced team led by those who launched Nutson social network with more than a million active users.
Opportunities Abound as Crypto Market Transitions
As Web 2 era giants struggle to transfer their existing projects onto newer tracks such as decentralised technologies, there lies ample opportunities for projects such as Cheelee to provide fresh solutions that have yet to be explored by bigger companies. With its innovative concept that rewards viewers for their attention, Cheelee could potentially revolutionize how people interact with each other on social media platforms while also providing an avenue for mass adoption into cryptocurrencies which could lead to much needed growth within this sector.
Conclusion: A Bright Future For Cryptocurrencies?
Although there are still many challenges ahead before we see real results from these changes within our current climate, what remains certain is that these investments made by venture capitalists are indicative of promising potentials for both cryptos and blockchain technology alike when paired with solid ideas like those proposed by Cheelee project going forward in 2023 and beyond