📒Preface I personally really like projects in the Depin sector. This sector has the potential to become a trillion-dollar market in the future. Compared to the traditional mobile phone sector that everyone is competing in, I prefer products like rings and watches: 1️⃣ AI has clearly indicated that it represents a new technological revolution. The data collection work required by AI at its core is highly reliable and effective in the Depin sector, providing essential data support for AI training. 2️⃣ Countless so-called large-scale adoption project concepts have lost trust. However, hardware like mobile phones, watches, or smart rings are daily necessities for humans. This means that the combination of Web3 + hardware indeed has broad application scenarios from a market demand perspective. 3️⃣ Take the Solana phone, a benchmark in the Depin sector, as an example: Many fans have likely purchased it. Did they buy it for usage or for the airdrop? From a user perspective, do they find it practical? The answer should be clear. How can the technological content of Web3 phones compete with traditional manufacturers with decades of experience? Rings, on the other hand, are different. Their compact size and low competition threshold provide a potential guarantee for gaining many users. 4️⃣ Price, price, price. Compared to the global threshold of around 6 billion, cost is undoubtedly a factor that deters many people. Compared to the $500 price tag of mobile phones, @CudisWellness's pricing is more accessible to low-income households. Of course, being practical and useful isn't just about words; it's about actual results. Next, I'll bring you an in-depth review of the Cudis ring to see how it becomes an essential tool for exercise, data mining, and restful sleep. When I first got home, I couldn't wait to unpack and use it. However, after trying several times, I couldn't connect to Bluetooth. After consulting, I found out that it needs to be charged first. Haha, I was too impatient. So, I charged it first and then explored it deeply. Stay tuned until the end of the article for a surprise!
⛰️Reliable Background After all, it’s a hardware wallet, involving highly private data information, so having a reliable project background is everyone’s first choice. I’ve thoroughly reviewed it for you, and there’s no issue. Here are three reasons: 1️⃣ The project has received official recognition and support from Solana: @CudisWellness started with a single tweet and sparked a global health movement. Additionally, it won second place in the Solana 2024 Renaissance Hackathon. 2️⃣ Support from leading institutions: The lead investor is Draper Associates, which has invested in Coinbase (a publicly listed cryptocurrency exchange), Ledger (a leading hardware wallet), and Sign (recently listed on Binance), among other top web3 projects. Other investment institutions include SkyBridge Capital (managing assets over $2.5 billion) and Foresight Ventures, both of which are notable investment firms in the industry. 3️⃣ Market performance: Upon launch, 20,000 Japanese users participated in the rush to purchase. Based on my observations, the project also has a significant number of Korean users. In the East Asian web3 market, as a leader in wearable Depin, Cudis seems to have captured users’ attention.
Why build on Solana? @CudisWellness started with a tweet — and sparked a global health movement.
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