We welcome 2022 with basically the same baggage that had the global economy up in arms in 2021, new tech advancements and market participants in emerging technology may be the only saviors.
Tesla stock’s growth after the beginning of the pandemic and climate change as the influential theme in all the multilateral meets the spotlight on clean energy stocks. Besides, blockchain, which was meant to speed up
Rise of Blockchain Players
Apart from blockchain-based digital currencies such as Bitcoin and Dogecoin, decentralized projects like Audius, a music streaming service, are paving their path despite creating lesser noise than other cryptocurrencies.
Cutting out record labels and other intermediaries like distributors is one of the goals of the Audius project. The decentralized ledger is also being used by other projects. Blockchain-based games, which combine features such as decentralized administration and pay-to-win, may upset the status quo in the gaming industry.
Although most analysts, which includes institutional players, are diving deeper into crypto assets due to them being able to return gains quickly. Moreover, blockchain projects have remained a not very popular subject. A few projects can boost long-term sustainability, with defined utility.
Blockchain Projects and Cryptos
2021 was the year when investors put money in any project’s native token without doing much research about its line of business and its sustainability.
The year 2022 could settle the dust. This is where more investors are willing to take note of a project’s sustainability by weighing the pros and cons. Audius, as an example, has a user base of over 6 million active monthly listeners. A blockchain game, Axie Infinity, has two million daily users entering the games.
Blockchain as a tech is likely to disrupt literally every sector, including financial services and real estate. It brings a new way to record transactions that relies on peer-to-peer architecture and no centralized authority.
Facebook forayed into blockchain with the ‘Libra’ crypto project and may now use the tech to power its metaverse.
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