Vitalik Buterin Among the top 100 most influential people in the world in 2021 according to Time magazine

Vitalik Buterin, a co-founder of Ethereum, the second-largest cryptocurrency by market capitalization, has been named one of Time magazine’s 100 most influential people for 2021. Time praised the programmer’s ability to empower other artists through his continuing support for Ethereum and all of the things that its main feature, smart contracts, can help them do. Vitalik Buterin listed In Time’s Top 100 Influencers

Vitalik Buterin is listed In Time’s Top 100 Influencers

Vitalik Buterin, the most well-known Ethereum co-founder, has been named one of Time’s top 100 influential people for 2021. The magazine compiles a list of the most influential persons based on current events, as well as a description of each person’s specific position.

Nayib Bukele, the president of El Salvador, who fought for the adoption of Bitcoin as legal cash, and Elon Musk, the CEO of Tesla and SpaceX, who is also a cryptocurrency fan, are also on the list for 2021.

Buterin’s participation this year was highlighted by Alexios Ohanian, one of Reddit’s initial architects, who said:

But it’s Vitalik’s status as a builder’s builder that sets him apart. Although no single individual could have imagined all of the possibilities for Ethereum, it did require one person’s idea to get it started. From then, a whole new world has opened up, with new methods to use blockchain technology emerging—some of which I’ve invested in.

Ethereum serves as a platform for other platforms.

This year, Ethereum has been the epicenter of the growth of NFTs, a platform that is revolutionizing how artists and producers make money. One of the most important NFT marketplaces, Opensea, has already reached the $1 billion milestones in sales. Axie Infinity is another major Ethereum-based project that has gained traction this year.

Axie was established in 2017, but it is currently gaining popularity owing to the large sums of money that some people are earning by playing it. Axie is gaining traction in emerging markets such as the Philippines and Venezuela.

Ohanian, who authored the assessment for Buterin, also mentions some of the Ethereum ecosystem’s most significant initiatives. He emphasized.

Without Vitalik’s innovation, none of this would exist, whether it’s businesses like Sorare revolutionizing fantasy sports or Rainbow users showing off their NFT collections. I’ve never been more enthusiastic about the Internet’s future, owing in large part to Vitalik Buterin.

What Did Vitalik Buterin’s Vision for 2021 Look Like?

Vitalik Buterin joined the renowned Dogecoin Foundation’s Board of Advisors in 2021. He gave $600,000 to an India Covid charity effort before receiving 50 trillion Shiba Inu coins for free. His Ethereum underwent the well-known London Hard Fork, also known as EIP-1559. They made a deflationary adjustment to the system. It now consumes transaction fees.

2021 was the year of the NFT boom, adding fuel to the flames. Thousands of initiatives resulted in intangible benefits and careers in the arts. Thousands of individuals were given a way to make money from their work. A new term has emerged in the media. There are new speculative assets in the globe.

Will Ethereum be relevant in 2022?

To be honest, Ethereum is responsible for some of the most interesting developments in the crypto world. That isn’t to say that the ecology is without flaws. The cryptocurrency’s creators have been unable to upgrade to Eth 2.0 and/or the Proof-Of-Stake consensus method. Furthermore, gas costs have become absurdly high. And, a few weeks ago, the protocol split and existed for a while in two parallel dimensions.

Ethereum has risen 4.3 percent in the previous 24 hours, holding around $3,500.