It has been a rough couple weeks in crypto, and Steem prices have tumbled as well.
The pull back in price has forced Steemit, a company that uses the Steem blockchain, to cut back staff by 70% and focus on cutting costs, as it goes into survival mode.
At first, this sounds very bad. However, after listening to an hour long video with founder Ned, I am very optimistic this was the kick in the butt needed to focus on the most necessary functions.
The Steem blockchain is ready for startups like SteemMonsters to utilize in a way that makes both Steem and their startup's more successful.
SteemMonsters has gone from the millionth best website to closing in on the top 200,000 websites in just a few months.
That graph should give you hope. That graph shows that the Steem blockchain is ripe for companies to utilize and as word gets out, the Steem blockchain will thrive like it has never thrived before.
"One thing about championship teams is that they're resilient. No matter what is thrown at them, no matter how deep the hole, they find a way to bounce back and overcome adversity." ~ Nick Saban
