Surprisingly, the once-dormant Ethereum-based project, Status, has become one of the most actively developed ventures in the crypto ecosystem. According to recent data from Santiment, a leading crypto intelligence platform, Status now holds third in development activity over the past month.
Resurgence of status: A remarkable turnaround
Initially conceived as a crypto messaging app during the ICO boom 2017, its status has recently transformed remarkably. Despite facing criticism for delays in product development, the project has witnessed a resurgence, with over 434 GitHub commits recorded in the last thirty days alone. This surge in activity places Status in the company of prominent projects like Cardano and Chainlink.
Positioning itself as a competitor to established platforms like Discord and Telegram, Status aims to offer a unique proposition to users. Unlike traditional encrypted messaging apps that require phone numbers for registration, Status allows users to sign up using crypto wallet addresses. Additionally, the platform boasts community-oriented features and facilitates crypto transactions among users.
Status’s journey has been fraught with challenges, including legal hurdles and delays in product rollout. In April 2020, the project’s leadership was embroiled in a class-action lawsuit alleging the unregistered sale of the project’s native token, SNT. Moreover, criticisms regarding the slow pace of development added to the project’s woes.
Despite past setbacks, Status has announced significant strides towards realizing its vision. The project unveiled plans to launch alpha and beta versions of its app, slated for release in the coming months. Addressing community concerns, Status acknowledged the need for recalibration, stating that its initial ambition of creating a consumer-facing super app had proven overly optimistic.
