Ten years ago, you’d be hard-pressed to find someone to predict that the blockchain and its
cryptocurrency market would be worth $1 trillion in 2021. That represents almost 2% of the
world GDP and 10% of that of the U.S.
It’s truly a massive underdog story.
There are, of course, some people who were able to correctly predict this happening. Here, we’ll
uncover exactly the ways those companies and people used their insight and business prowess
to invest into this world-changing trend early in order to become incredibly profitable and
successful. This includes the likes of the crypto exchanges all the way to startups such as the
virtual real estate market.
Today, people who are able to see through how much its mechanism, the blockchain, can do go
just as crazy for NFTs. Let’s see all the factual data on why exactly that’s the case.
WHY CRYPTO KICKED OFF A MUCH BIGGER ECONOMIC BOOM
One can easily debate that cryptocurrency, or rather its underlying mechanics known as the
blockchain, is the printing press of this century.
Despite what the people might think, the blockchain as a tool can do so much more than just
cryptocurrency. It can power how both the internet and the businesses on it operate.
In fact, tech companies and businesses across the spectrum saw and seized that opportunity as
soon as Bitcoin boomed, long before it reached almost $65,000 per one unit.
Why? It’s simple, really.
Peer to peer, or sometimes business-to-business transactions, are recorded on the blockchain.
It’s maintained with zero supervision or intermediaries, with no red tape needed.
That was what created so many success stories for blockchain and crypto, which started with
the big players. It was a true game changer that spawned a crypto and blockchain market worth
$1 trillion combined. It is used by official governments, to big companies such as Bank of
America and JP Morgan, to crypto giants such as Cryptocom or Mintable to MicroStrategy — a
prominent business analytics platform that has adopted Bitcoin as its reserve currency that is
now worth $3 billion.
HOW A SMALL AND MEDIUM BUSINESS CAN EARN IN BLOCKCHAIN ECOSYSTEM
But small and medium businesses (SMBs) have flourished in this market, too, by employing the
crypto and blockchain ecosystem that Web3 brings to make business processes flow easier.
The financial industry, now adopting the catchy FinTech nickname, is at the forefront of this
adoption. Included in this is not just banks but also lending firms, accountants and online
budgeting and tax consultants. This is a tip of the iceberg only.
The number of different industries that now accept crypto as payment is amazing — from cafes
and brick-and-mortar stores, to clothing, real estate, legal, consulting and any business in
between.
Based on research from the OECD, there is an unlimited reach for how the blockchain could
positively affect any type of business.
BIGGEST SUCCESS STORIES SO FAR
When we say that pretty much every industry has been set off with outstanding success over
the past 10 years, it is not an overstatement. The amount of money capitalized is comparable to
the U.S. or world GDP.
Now, back to scaling up, the biggest success stories for individual companies so far cover
crypto coins and exchanges and the biggest FinTech projects, of course.
The list goes on.
- Bitcoin
- Ethereum
- Tether (USDT)
- XRP
- Cardano
These are the biggest crypto coins, worth hundreds of billions of dollars in market cap.
There are also trading, cash out and exchange platforms.
More into the entrepreneurial infrastructure of the world, this list represents the situation with
startups in the blockchain ecosystem and its success stories.
- Mintable (a Mark Cuban-backed startup for an NFT marketplace and Ethereum coins)
- Sorare (a blockchain FANTASY FOOTBALL).
- Chainalysis (an arbitrage and research / compliance platform)
REAL ESTATE TYCOON SHOWING HOW OFFLINE AND ONLINE ECONOMIES MERGE
Yet another example of Web3 innovation to note is this novel example recently shown by Real
Estate Tycoons. This project is a perfect example of a merger of a real world, real estate firm
selling and renting property and the Blockchain ecosystem (the NFT branch of it, specifically).
Real Estate Tycoons not only incentivizes the NFT they make available and their own coin—for
realtors exploring their website, where property listings can be placed—but they also give back
real-life services.
This is only one of the many examples of how new industries—inspired by crypto and
blockchain success stories—can participate in this new economy.
However, this does not mean that this trend needs to be restricted only to the few industries
listed. There are plenty of examples of unlikely industries that eventually embraced digital
transformation.
The bottom line is that nearly all business could and eventually did go digital and embrace the
online paradigm. They had to stay competitive.
Ultimately, Web3 and blockchain will be no different. And businesses will transform once again
to accommodate where users and customers want to be.
To learn more in this Web3 world, and to stay hip to which Web3 trends can strengthen your
income or drive your business, just sign up for our Visible Magic newsletter and we’ll make it
easy for you to stay up to date.
