Six Promising Blockchain Projects and the Ideas Behind Them
Analyzing the rapid growth of the crypto market, one may wonder what is in store for cryptocurrency and blockchain in the coming years. According to the research, 90% of small crypto projects are doomed to failure from the very start. Many medium and even large scale blockchain companies have also failed to achieve their goals. As a result, they were forced to refocus and cut down their personnel due to lack of money.
However, it’s not all doom and gloom; there are also market leaders. Innovative ideas that underlie the following projects can radically change a number of industries — from crypto trading to online gaming.
This project is a unique combination of virtual reality and blockchain technology. This is a digital world that allows users to buy a resource (namely, land) with a native cryptocurrency (MANA) and start investing in its development, while interacting with other users.
Thus, this project changes not only the blockchain sphere. It is changing the entire global economy through a new approach to doing business and interacting with users in a virtual world.
Enjin is one of the leading blockhain projects in the gaming industry, which allows developers to efficiently deploy blockchain-based games. In other words, it is like a content management system (CMS) for the gaming community. Some of the popular games that are supported by the Enjin platform are Minecraft, World of Warcraft, Guild Wars, Rust, etc.
FunFair is a decentralized Ethereum-based casino platform. The developers paid attention to the main problems of a modern online casino - lack of transparency and the risks of fraud. This project allows for solving these issues. It has the following advantages:
- decentralized environment;
- high transaction speed;
- low level of commissions;
- ease of use;
- native cryptocurrency;
This project is similar to the previous one, but it is released to make bets on sports more transparent. When Wagerr came into existence, it was the first decentralized bookmaker based on blockchain. The advantages of the system are reliability when getting winnings, non-interference of third parties and the possibility to make money when predicting the game results.
Bakkt is a global ecosystem for cryptocurrency futures trading, which is being developed by the largest financial corporation — Intercontinental Exchange (ICE). Many experts believe that the launch of Bakkt is one of the most important events in the cryptocurrency sphere, which can significantly increase the rate of Bitcoin and will contribute to the massive adoption of crypto. According to the CEO of ICE, the official release of the platform will take place at the end of 2019.
Crypto borrowing and lending sites are exploding in popularity. With the rates they pay, why wouldn’t they? This popularity has led to lots of new platforms and now it’s next to impossible to keep up to date with the latest rates to optimise your assets and your earnings.
This is where Bitcompare comes in. It aggregates all the platforms and it shows their rates in near real-time so you can always be on top of it. They also do in-depth reviews in case you want more information on any of the lending and borrowing platforms.
In the near future, blockchain is expected to become the underlying technology of dozens of promising projects that can change the industries and the overall economy. There are also projects among them that impose serious concerns. Still, most blockchain initiatives are increasingly following the path of security, privacy, and accessibility, so there is a chance that this trend will persist.
Image courtesy of: Lianapress
About the author:
Acquiring a wealth of experience in writing articles on trends and prospects for the development of the game industry in the world, Julia Beyers found herself as a Freelance Journalist. She is writing about blockchain and cryptocurrencies trends, sometimes covering importance of bitcoin for various other industries.
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