CoinMarketCap Ventures Into New Cryptocurrency Education Territory
CoinMarketCap Ventures Into New Cryptocurrency Education Territory
September 3, 2020
CoinMarketCap Ventures Into New Cryptocurrency Education Territory
CoinMarketCap Ventures Into New Cryptocurrency Education Territory
September 3, 2020

CoinMarketCap (CMC), the veteran crypto markets data aggregator, is venturing into new cryptocurrency education territory.

It has been reported that CMC first made its name as a price-tracking website for cryptocurrencies back in 2013 and has remained at the center of ongoing efforts to establish reliable data sources for investors in the industry. 

However, now the site is looking beyond market data and aiming to provide more holistic educational content that can help orient newcomers to crypto.

A CoinMarketCap representative said:

“Cryptocurrency is no longer the niche interest that it once was, but neither is it completely mainstream — it’s somewhere in the middle.”

The representative added:

“The site is therefore looking to leverage the user traffic it already has to support “the cryptocurrency revolution” by “educating everyone that ends up on CMC about these emerging technologies. We are first trying to provide the educational building blocks that will help those new to the crypto space become more familiar with key concepts that many crypto enthusiasts already take for granted, ranging from the nitty gritty of how Bitcoin transactions work, to more important considerations like how to keep your crypto safe.”

Likewise, the new platform is called CMC Alexandria, in reference to the ancient Library of Alexandria of the second century B.C. — an emblem of early aspirations to gather the world’s knowledge in one place, as part of a “universal library.”

ALSO READ :  Central Bank Digital Currencies Inevitable Says a Fed Bank Official

According to the report, CMC’s crypto library includes a glossary, articles on cryptocurrency basics, tech deep-dives, and a section devoted to decentralized finance (DeFi).

Commenting on why DeFi was featuring so prominently in its library, the representative explained that while CoinMarketCap is taking an encyclopedic approach to cryptocurrency education; it also aims to reflect the most relevant developments of the moment. 

Thus, the representative added:

“Right now, that happens to be decentralized finance. The uninitiated still need access to more comprehensive information in order to make sense of new and arguably still obscure topics in the DeFi space.”

Source: Cointelegraph | Image: The Economic Times


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin car, the car branded with the Bitcoin logo, will be racing in circles against 32 others in this month’s Indianapolis 500. It has been reported by Jack Mallers, the CEO of Zap, that US racing driver Ed...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.