Napster Co-Founder’s Crypto Helium Explodes 50% As User Volume Skyrockets
Last Updated on 8 November 2021 by CryptoTips.eu
Although Steve Wozniak was the brain behind Apple’s early development, everyone mostly remembers Steve Jobs because of his presentation techniques and marketable profile. In that manner it also went with Napster, the music download and sharing service in the 1990s that took on the major record labels and introduced the world to mp3 and other music files.
$HNT
— The Wolf Of All Streets (@scottmelker) November 7, 2021
Target acquired, thank you for playing.
To infinity and beyond. pic.twitter.com/ehV8Bh2LEO
Behind Sean Parker (played by singer Justin Timberlake in the Social Network movie) was Shawn Fanning, the more technological part of the dynamic duo.
Internet of Things
Parker went on to Facebook while Fanning founded several technology companies. Then in 2013, he got to work on Helium (HNT), a long-fi network that allows users to install their own network routers, called the Helium hotspot, hoping to connect the Internet of Things (IoT) devices to each other. It came with a great marketed YouTube video.
Whoever would install such a device would then be rewarded by the crypto token Helium. The Financial Times did an overview article about the technology about a year and a half ago, and it indeed looked promising then already.
Now here’s the kicker, according to the Helium board, they’ve seen their user growth explode in the past two months. So much so that yesterday, they said:
It took 2 years for 100K Hotspots to be onboarded, and 2 months to reach 200K Hotspots
In response, the Helium coin was one of the best performers on Sunday, reaching a new all-time high and growing at a rate of 50% in the past week. Now you know why.
- Helium (HNT) is available on Binance and the Bitvavo exchange.
