The Crypto Market Begins to Recover: Innovations in the Blockchain Space
After a challenging period in 2022, the crypto market is starting to show signs of improvement. The total cryptocurrency market cap has increased by 31% since January 2023, surpassing the $1 trillion mark. This positive movement is revitalizing companies in the sector.
In response to the market’s slow return, blockchain brands are shifting their focus to innovation. One of the key reasons for the crypto market’s collapse was the failure of many blockchain brands and coins to demonstrate real-world value.
Tangem – Redefining the Crypto Wallet Experience
Tangem, founded in 2017, is revolutionizing the crypto wallet experience with its self-custodial wallets. These wallets allow users to store various tokens, DeFi assets, NFTs, and more on a single card. Tangem simplifies the complex cryptocurrency ecosystem, providing users with a streamlined and comprehensive system for managing their digital assets.
The upcoming release of Tangem’s new wallet in October will introduce several features that enhance user experience and utility. Users will be able to view token price changes, hide balances, disable access recovery mode, and more. Tangem sets itself apart by focusing on innovation rather than just being a cold wallet.
Tangem’s applet received VISA certification last year and will enable users to make payments through Tangem Pay, launching next year. Customers can pay at Visa terminals using cryptocurrency while benefiting from live exchanges for optimal rates.
Tangem has produced over 850,000 cards since 2018, ensuring their innovative private key system remains secure. With features like access code protection and biometric security, Tangem offers a highly secure and convenient solution for digital asset management and payment.
BitGive – Increasing Transparency in the Charity Sector
The charity sector has been identified as an industry in need of innovation due to a lack of public trust and transparency. BitGive utilizes the blockchain’s transparent and publicly available ledger system to streamline charitable giving in the NGO and non-profit sectors. Major partners include renowned organizations like Save the Children and The Water Project.
BitGive aims to strengthen global philanthropy by enabling businesses and individuals to donate to their favorite charities using digital currencies. Through the GiveTrack platform, donors have full visibility into how their funds are used by the recipient organizations.
Charities and NGOs are also held accountable through the GiveTrack blockchain platform, ensuring effective use of donations for public health and environmental causes. BitGive enhances interaction and donation in the charity sector by leveraging the blockchain’s transparency.
Banking the Unbanked with Digital Currencies
Approximately 1.5 billion adults worldwide lack access to banking services, creating a global humanitarian issue. The ETN-Network addresses this problem by utilizing blockchain technology as a decentralized and digitized medium. It enables unbanked individuals to create digital wallets, store currency, and participate in financial transactions.
The ETN-Network has expanded its utility by allowing more businesses globally to accept payments through ETN. With over 3 million active users across 190 countries, this payment format demonstrates significant utility.
In addition, The ETN-Network introduced the AnyTask Platform, creating a global marketplace for job opportunities that connect freelancers with businesses. This empowers unbanked individuals to earn in a currency they can spend locally while expanding the global workforce.
Hot Take: Innovations Pave the Way for Blockchain Success
To avoid repeating past mistakes, the blockchain industry must prioritize core utility over hype. Tangem, BitGive, and The ETN-Network exemplify how blockchain technology can solve user problems and overcome challenges. These brands offer functional, useful, and tangible platforms that provide unique solutions or improvements to the world.
By following the lead of these blockchain businesses, others in the industry can differentiate themselves by prioritizing research, development, and innovation. This approach will help reshape the negative perception of pre-crypto-winter blockchain brands and contribute to the industry’s long-term success.
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