Waves Digital Asset Report: Introduction
Waves debuted in the Spring of 2016, as one of the most successful ICOs of its day, attracting over $16 million worth of funds.
The platform was able to capitalize on the scalability issues of Ethereum during the ICO rush of 2017 to establish itself as one of the premier ICO hosting services. However, with the ICO market cooling Waves is searching for a new identity.
The early focus on DEX technology has vaulted Waves to the top of the niche space. Furthermore, the recent addition of smart contracts gives hope for the development of a dApps ecosystem. However, the lack of focus on marketing and community building makes the platform’s prospects for becoming the network of choice for developers and publishers.
Waves needs to focus on adoption of its technology, otherwise even its competitive products will lose out to rival offerings.