The crypto industry has experienced tremendous growth over the past few years. It took less than four years for cryptocurrency and blockchain technology to go from a niche industry to a global powerhouse capable of moving markets and shaping regulations.
It’s no exaggeration to say that the opportunities created by this growth have changed the world, but the changes are most noticeable where economic growth has stagnated.
This is the case of Portugal, whose reputation as a bright tourist haven was gradually overshadowed by low wages and declining standards of living.
Despite being a member of the EU and possessing vast natural resources, Portugal has long been considered a European underdog. The country struggled to keep young people within its borders as better wages and more welcoming regulations for businesses forced young people to migrate to neighboring countries.
Having grown up in a small town on the outskirts of Lisbon, I experienced this myself. Job opportunities were scarce, and young people struggled to find reasons to stay in a country that valued them so little. In the mid-2000s, agriculture was one of the few stable industries. It has become a profession of choice for many young people.
Innovation and entrepreneurship were hard to find in Portugal and even harder to implement. Those with ambition who survived these conditions faced various bureaucratic problems that further hindered their progress.
The Portuguese are carefully cursed. Our grandparents overcame hardships and found themselves struggling rather than liberated in the post-dictatorial era.
The uncertainty and instability they experienced kept them in the survival mode they inherited in their children, which became the default mode of life in the country. led to lack. Despite having big dreams, many people are afraid to spend too much money, get too expensive, or step out of their comfort zone.
And while this was slowly changing for the better, blockchain was needed to bring these changes into full swing.
It is no exaggeration to say that blockchain technology has completely changed the technical and business landscape in Portugal. The creation of a cryptocurrency has become a Black He Swan event that will shake the country to its core and give young people a better future.
More than a decade after the creation of the first Bitcoin block, blockchain technology has helped combat unemployment in the country and instilled ambition in young people. The possibilities it opened up allowed Portuguese entrepreneurs to realize that they could build a global economy in parallel without government interference.
Driven by the endless possibilities opened up by blockchain technology, I founded Masterblox, an incubator company aimed at helping crypto startups scale. With no external funding and a small but dedicated team, we were able to use cryptocurrency and blockchain technology to make a positive impact on the world.
The early crypto industry was dominated by tech-savvy traders and developers. Such a homogeneous community made it difficult for others to enter the business and grow. It’s filled with diverse professionals, from lawyers to psychologists to marketers. Having a wide range of experts working in the industry is a powerful support for new companies looking to enter the blockchain space.
At Masterblox, we leveraged this diverse talent to help our clients scale and grow their cryptocurrency startups. We quickly grew to his team of 20, achieving professional success that was difficult to reach in a traditional corporate environment.
All Portuguese crypto and blockchain companies, including Masterblox, now have access to the global market. can do.
This mindset makes it easier to weather a bear market. At Masterblox, we know there are always new opportunities for Web3 professionals.
Portugal is one of the best examples of potential cryptocurrencies and blockchain, but its impact can be felt in many other countries as well. It’s a miracle to see the opportunities and potential blockchain technology being created. People can now challenge traditional systems and tackle inequalities from nearly every corner of the world.
Guest post by Carlos Prada on Masterblox
Masterblox is Europe’s leading web3 accelerator with solutions for new technologies or enhancing legacy projects. In the lab, the company has the ultimate in growth hacking technology, but the Masterblox Foundation leverages the industry’s most renowned acceleration program.
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