Alkimi Have Delivered The World’s First Decentralised Ad Exchange; Bringing $600 Billion Industry On-Chain
It’s been two months since Alkimi, the world’s first decentralized ad exchange, launched its mainnet and ushered in a new era for digital advertising. As an industry observer, I’ve been closely following Alkimi’s progress since its inception and have been impressed with its growth and impact in such a short period.
When Alkimi first exited beta in December, it represented a seismic shift for programmatic advertising by enabling advertisers and publishers to buy and sell inventory in a completely decentralized manner through blockchain infrastructure. By cutting fees from over 37% down to just 3-5%, Alkimi significantly reduced the cost of digital advertising while boosting campaign performance.
In the two months since Alkimi has continued to gain traction and disrupt the status quo. More and more major advertisers and media agencies have come on board, attracted by the transparency, efficiency and performance improvements Alkimi delivers compared to legacy exchanges. Ad spending flowing through Alkimi’s exchange has grown exponentially as its network effects take hold.
At the same time, publishers have embraced Alkimi as it provides them with a more profitable approach to ad management and revenue generation. Alkimi’s unique Liquidity Staking Derivative has also enabled users to essentially “yield farm” the internet and earn rewards for providing liquidity.
While still early days, Alkimi appears poised to continue capturing market share and moving more digital ad spend on-chain. As programmatic advertising grows into a nearly $700 billion market in 2023, decentralized solutions like Alkimi that bring transparency and accountability will likely continue disrupting legacy players.
It’s an exciting time in digital advertising as blockchain technology sets new standards and shifts paradigms. Alkimi remains at the forefront of this revolution, and I’m eager to see how it continues evolving the industry in the months and years ahead. As an observer, it’s been remarkable witnessing the company’s ambitious vision become reality and positively impact such a vast ecosystem.
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