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CEOWORLD magazine - Latest - Tech and Innovation - Blockchain, Marketing, and NFTs PR In The Crypto Industry

Tech and Innovation

Blockchain, Marketing, and NFTs PR In The Crypto Industry

The Crypto industry is something that has grown beyond many people’s expectations over the last few years. What was once something of a niche market has become a major juggernaut of an industry, to the point where several Crypto trading groups were able to secure advertising spots during the Super Bowl. With each of these spots costing millions of dollars for even short advertisements, it is clear that Crypto companies now have significant capital to level.

One of the most important things to consider when it comes to this growing field is the fact that it originally started out as something quite small in scope. While grand ideas did exist and indeed the framework for concepts like blockchain did exist, it took time for everything to properly develop. Small groups of supporters gradually grew until thriving Crypto-centric communities had developed and it is from these communities that the current Crypto industry has been created. 

This gradual evolution stands in contrast to the rapid growth that we have seen in the industry over the last few years. The previously mentioned Super Bowl advertisements are the culmination of a large public relations campaign that has taken place with the goal of bringing the Crypto industry and all of its benefits to the forefront of the public’s awareness. This key process has enabled the growth of Crypto and blockchain-based companies to reach newer levels of consumer awareness and reach higher levels of growth. 

The campaigns and great relationships forged with Crypto companies by PR company Exclusive PR Solutions serve as an example of this mutually beneficial relationship. The Nimbus Platform has worked for hand in hand with EPRS for some time now, having started together when Nimbus was a small niche project. Now as the community grows on this cross-chain-based platform, the PR efforts made by EPRS have enabled Nimbus to have a far larger reach than it would have had before. 

Max Bogomolov, Co-founder of EPRS, sees this relationship type as crucial for Crypto companies to grow beyond their initial surroundings. Getting their name and services out there, particularly during this time when companies operating in the spectrum are increasing in number daily, is imperative. There are many different companies out there that are offering services, but through PR efforts, prospective users are able to see a company shine out and see it not just as an option, but the option for exploring the Crypto industry.

Furthermore, the effects of PR campaigns expand beyond just getting the name of a company out there. These campaigns are also able to combat one of the greatest enemies found in modern media: misinformation. Misinformation has been one of the largest obstacles in the face of further Crypto adoption across the financial industry. Many people can tell you the dangers of Crypto and confidently tell you about how risky and unprofitable it is, but are unable to say why these things are. Merely repeating the misinformative information that has been spread through the media is a very common occurrence and it is a fact that has stunted the growth of the Crypto industry for quite some time. 

Valentin Saitarli, CEO of Exclusive PR, believes that PR groups are able to use their media connections and efforts to cut through the misinformation that exists in the media and get people the truth and benefits of these companies firsthand. This action enables for relationships to be fostered between community and company and increases trust in the platform. This trust is the key for success in the Crypto industry and it is through PR campaigns that companies like the Nimbus Platform are able to increase their user population and thus their available services due to the influx of user interest and resources. 

PR and the Crypto industry are two industries that work hand-in-hand. Both of them are able to work in symbiotic manners to help each other grow, but it is particularly important to understand how much of an impact that PR has upon the growth of Crypto companies. Having a great product and desired services for users is important, but it is the marketing strategies used by these expert PR firms that allow for a Crypto company, or any company, to achieve greater levels of customer outreach and success than they would have been able to achieve on their own. 

As the Crypto industry continues to develop and occupy its own rightful spot in the global economy; it is clear that companies working in this sphere will need strong PR campaigns to increase and maintain their market share, particularly as the digital asset industry steps into the new Metaverse-driven era. Competition between companies will remain fierce, and only the most forward thinking groups will prosper in this new area and reach greater heights than ever before.


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CEOWORLD magazine - Latest - Tech and Innovation - Blockchain, Marketing, and NFTs PR In The Crypto Industry
Sophie Ireland
Sophie is currently serving as a Senior Economist at CEOWORLD magazine's Global Unit. She started her career as a Young Professional at CEOWORLD magazine in 2010 and has since worked as an economist in three different regions, namely Latin America and the Caribbean, Africa, East Asia, and the Pacific. Her research interests primarily revolve around the topics of economic growth, labor policy, migration, inequality, and demographics. In her current role, she is responsible for monitoring macroeconomic conditions and working on subjects related to macroeconomics, fiscal policy, international trade, and finance. Prior to this, she worked with multiple local and global financial institutions, gaining extensive experience in the fields of economic research and financial analysis.


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