Something about tonight’s crypto activities brings to mind a thought about a different night with far more severe and devastating consequences. Of course tonight would be considered a mere shadow by comparison to this fateful night in history, but I am thinking about April 15, 1912. That’s right, we just recognized the 110th anniversary of perhaps one of the most well-known tragedies of modern time. I refer, of course, to the sinking of the Titanic.

Perhaps you’re wondering why I am caught up thinking about the sinking of the Titanic on this particular evening. It’s quite simple really: The Otherside

I won’t bore you with the details as you’d really have to be quite oblivious to not be aware of the exciting “minting” event going on this evening. And yet…as the hype built for the 9PM ET release window - the crypto market as a whole began to collapse. The prices for Bitcoin, Ethereum, and all of the cryptocurrency market began to decline, 1%, 2%, eventually nearly 5% down. Another huge leg down and the entirety of the market continuing to show signs of weakness, and yet, what does the general social sentiment do?

They laugh, they scorn the cautious, they quickly part with their own funds. Have no doubt in your mind…their party is alive and well. Yet I can’t help but think…are they possibly enjoying the band a bit too much?

Or maybe, we should look for the web3 lifeboats to sustain this overall market; identify these types of failures and then solve real problems for our future metaverse.