The Revolution Is Coming Via Crypto Projects That Solve Real-World Problems

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The revolution is coming. There is no denying that the global crypto ecosystem has continued to evolve and grow at a historic rate over the past few years. The amount of capital flowing into this still nascent industry has increased more than tenfold in the last 24 months alone, from a respectable $196 billion to more than $2.1 trillion.

In the past, many projects have been able to accumulate/generate huge monetary value by virtue of simply having a solid idea or proposed working model/white paper. The result was the formation of a huge ICO bubble seen in 2017. The crypto market is now full of revolutionary platforms that have allowed users to counter many real-world problems related to various fields spanning digital finance, health, artificial intelligence, Web3, among many others.

In fact, a growing amount of data seems to hint that the continued rise of crypto technology is not due solely to the advent of digital currencies. Instead, it’s because more and more people are realizing the true economic and social potential of decentralized platforms. For example, the rapidly evolving DeFi field has continued to appeal to investors around the world. The ecosystem has helped eliminate the need for intermediaries or other centralized intermediaries (such as banks, lenders, CeFi institutions, etc.) from day-to-day transactions – ranging from daily remittances to cross-border payments and everything stay in between.

Revolution: Real-World Centric Crypto Projects Are Changing the Game

Over the past few months, a growing list of crypto-enabled platforms continues to grow in popularity. This is mainly because they have been able to solve a series of real problems affecting people across the world. As an example, in the past there was no tangible way for users to monetize their data without a transactional middleman taking a significant slice of the pie (think Fiverr, Upwork, Freelancer, 99designs, Outsourcely , etc).

There are now a number of blockchain-centric digital creator economies like Ocean Protocol and Internet Computing Protocol (ICP). These offer users a completely decentralized route through which they can share their knowledge, their personal data instead of monetary remuneration in a completely transparent and peer-to-peer way.

Similarly, there are also projects like Fetch.ai that aim to bring together the burgeoning Internet of Things (IoT) ecosystem. This uses advanced blockchain-based algorithms and other futuristic technologies including machine learning and artificial intelligence. Previously, such platforms were only conceivable on paper. Fetch.ai currently has a fully functional product that was built on top of a high-throughput shared ledger, providing users with smart contract capabilities for decentralized problem solving.

In fact, FET can be used to pay network transaction fees, deploy digital twins (also called autonomous economic agents) and use them to pay for services. Digital twins can evolve as they interact with each other and smartly decomplex any industry vertical where it is applied. This ultimately results in the formation of a single decentralized ecosystem that can be scaled against a wide range of markets.

Revolution and Web3

Finally, there are also projects like Ankr which are designed to help people access the Web3 world as well as the cross-chain DeFi staking universe using a shared resource framework which is completely unique and independent in its functionality. .

Decentralized platforms are redefining the field of investing

Most new crypto projects not only offer a range of real-world operations, but they are also filled with their own fully functional crypto tokens. As a result, users can seamlessly accumulate monetary value (as the value of an asset increases) and participate in the future development of the platform through things like governance, protocol upgrades, etc., all without having to go through a traditional financing route.

So, as we move towards a future rooted in the principles of transparency and decentralization, it stands to reason that an increasing number of people will continue to move towards projects that offer them a level of operational efficiency and freedom never seen before in the realm of conventional technology which has been largely confined to the philosophy of centralization.

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