Special Interview: The head of Cronos and Cronos Labs, Ken Timsit, believes Web3 is the future of the Internet and crypto, but only with interoperable chains. kentimsit cronos_chain cryptocom
during EthCC 5 in Paris, Ken Timsit, managing director of Cronos chain and Cronos Labs, outlined the network’s advantages over other competitors, spoke about the current bear cycle and what Cronos is doing in preparation for the next bull run, the future of the Internet and crypto, and much more.Cronos chain is a relatively new blockchain network supported by the popular crypto exchange – CryptoCom – which interoperates with both the Ethereum and Cosmos ecosystems.
So far, though, only about one million “have migrated and created an account on Cronos chain,” and the number of third-party applications created on the blockchain is approximately 300. The exec also informed that not all projects wanting to take advantage of the program need to have their own native token because “oftentimes if you’re just using NFTs as in-game assets, just having NFTs is sufficient to create a business model.”
Nevertheless, the exec admitted that they were also affected by the declining market prices and user interest. The strategies have changed since spending too much on marketing doesn’t make sense now as it did until several months ago.
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