Failures of blockchain projects are often due to a multitude of factors. One of the most important is the lack of proper technical development. When a project cannot scale or faces security issues, its viability is at risk. Additionally, the inexperience of the team in managing cryptocurrencies and the lack of trust from investors often catalyze the project's collapse.
Another significant aspect is the absence of a clear business model. Many projects fail to answer the question of how they plan to generate profit, leading to dissatisfaction among participants. Moreover, many startups ignore the needs of end users, offering solutions that do not solve real problems.
Furthermore, the blockchain space requires high regulation and adherence to legal norms, which for some projects becomes an insurmountable barrier. Without a clear legal framework and compliance with rules, a project may face sanctions and loss of trust.
For success in blockchain, a combination of technological maturity, a clear business model, and a strong team capable of adapting to changes in this highly competitive environment is necessary.
