Cbot Labs Inc. Blog Intro

There is a growing need for web3 software and blockchain integration. Cbot Labs intends to work within this space to create unique games and applications to monetize the ever expanding technology markets. In 2020 approximately 27 billion dollars poured into web3. For example non fungible tokens, or NFTs, which are unique bits of code on a blockchain associated with an image, a video, audio or some other thing. In October, Cam Rackam, an artist, sold 10,000 NFTs linked to images based on memes from Reddit’s Wall Street Bets message board, making $2.5 million. With NFTs selling for millions of dollars and untold utility yet to be discovered within them, we believe this is the software space to be involved in. Cbot labs has a plethora of plans on how to utilize NFTs in new and exciting fashions. As we expand we look to help shape the future internet. 

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