A report from Investopedia says that more than half of the cryptocurrencies on the market today don’t have any real use. This means there is no real product or service behind the token that makes it worth anything other than speculation. Similar to how the internet was in its early stages, blockchain has spawned an investment ecosystem that is ripe for overcrowding.
In the Investopedia study, only 36 of the top 100 cryptocurrencies by market value had a product or service that was ready for sale. With hundreds of new cryptocurrency tokens, Non-Fungible Tokens (NFTs), and Decentralized Autonomous Organizations (DAOs) coming out every day, it’s becoming more and more difficult to tell the real players from the hype.
Because real-world use is important.
Early on in the internet, the projects that worked to make real changes in the world outlived the projects that tried to make money by getting attention from the media. They changed the world by making a product that used internet technology as a base for something bigger. Companies like Amazon, eBay, and Microsoft did this. Dotcom bubble burst in 2001, and a lot of websites went away. But a few have kept growing and are now some of the biggest companies in history.
Today, the same thing is happening with blockchain. Projects that work to make a real product are more likely to last than those that only look at the market. Real-world services like supply chain management, telecom, and advertising, as well as digital products and services like metaverse games and scaling solutions for blockchain networks, show that utility will once again outlast speculative investing. This time, utility will outlast speculative investing. The following are ten projects in blockchain and Web 3.0 that already have value:
VeChain is the name of a game (VET)
VeChain has an enterprise blockchain solution that businesses can use to keep track of and manage their supply chain logistics. This is how the network helps businesses manage their supply chains more efficiently and make even the most complicated supply chains run smoothly. It’s called disturbed ledger technology. VeChain also wants to make the world’s supply chains more transparent, which should encourage businesses to do the right thing. The network is also used to store information about ocean cleanup projects, which makes the process and communication easier.
For people who buy things, VeChain also has retail solutions that make it easy for people to check the authenticity of a product right away. RFID and blockchain technology are used in this service to help manufacturers of high-value retail goods like luxury handbags and designer goods provide a transparent authentication method. This solution will let retailers and secondhand stores use blockchain to make sure that products are real, which will stop them from being sold in stores.
Trying to do what many have tried and failed to do: connect Africa to high-speed and widely available broadband internet. 3air is trying to do this. They use a technology called K3 Last Mile to send high speed internet and phone calls through the air. Stations will be set up across the continent and will have a 50-kilometer radius of connectivity. They will also have access to 150 TV stations and IP telephony.
Another part of the 3air project is to make banking and DeFi access cheap and easy for people in Africa. It’s the goal of 3air’s blockchain-based platform to bring Africa into the forefront of the digital economy. It has multiple revenue streams, decentralized identity management, and more. 3air’s DeFi banking solutions will make it easier for people in Africa to get goods, services, and opportunities in a new digital world.
There are polka dots all over the place (DOT)
Polkadot is a layer–0 blockchain scaling solution and interoperability platform that makes it easy for blockchain networks to talk to each other without changing how they work at the layer-1 level. This is how Polkadot runs two different blockchain networks next to each other, called “parachains.” This is how Polkadot runs two different blockchain networks next to each other, called “parachains.” Each of these parachain networks then communicates with another network called the Relay chain. The Relay chain can then send information to other parachains back and forth.
There are other ways to make things work together that are built on top of different Layer-1 networks and may need more work from dApp developers to work. Polkadot allows for seamless integration with other blockchain networks, and it also provides extra services for developers who want to run test projects without paying high transaction fees on different Layer-1’s.
Axie is Infinity (AXS)
axie infinite is a game platform that runs on the Ethereum network. It uses NFTs as characters in a game where you can earn money by playing and getting better at what you do. A game called Axies lets players mint NFTs that look like animal characters. These NFTs can be used to play games, fight other players, or be bred and sold as NFTs to make money. As a player, you earn AXS, the platform’s own ERC-20 token. This token can then be traded for other cryptocurrencies or even real money.
It’s not unusual for people who play Axie Infinity to make a small amount of money from the game. The Philippines is a country where a lot of people can make a living just by playing games every day. In the last few months, there have been a lot of other games where you can play and earn money. Axie Infinity is still one of the most popular.
An Ape Coin (APECOIN)
Because NFT prices rose so much in 2021, most people thought they were not true. The Bored Ape Yacht Club NFT project was a lot more valuable at the time. With a lot of money but not much to show for it, this ultra-exclusive club had a lot of money but not much to show for it. Since then, though, the Bored Ape Yacht Club has held events both in the real world and in the digital one, built a strong network of owners, launched a token, and said it wants to expand into the metaverse, too.
There’s no question that the Bored Ape Yacht Club has been useful since it was started. You can buy this picture of a cartoon monkey smoking a cigarette for more than a million dollars worth of Ethereum. People who own Bored Ape may be more likely to use it than other NFT projects because it has a strong community, access to high-profile events in the real world, and some old-fashioned internet power.
It is Audius that says this (AUDIUS)
For a long time, the music industry has been trying to use blockchain to connect with each other. NFTs and blockchain music streaming services are new technologies that some record labels didn’t think would have a big impact on sales in the early 2000s. Now, the industry wants to be ahead of the game when it comes to NFTs and these new technologies. A platform called Audius has so far been a good one for people to use in this field.
Using the blockchain, Audius can provide a lot of services that work with music. It’s possible for people to help artists by giving them money, buying their music in the form of NFTs, or streaming their music through a blockchain-based service. Also, fans can buy concert tickets as “NFTs,” which are usually limited to the amount they can be sold for in order to stop scalping and high ticket prices on sold out events. With an NFT, fake ticket scams are almost impossible because of how easy it is to verify an NFT.
ChainLink is the name of the company that makes the (LINK)
ChainLink is an enterprise-level oracle network that helps businesses use blockchain to communicate with the rest of the internet. A service called ChainLink is good for businesses and corporations. ChainLink lets transactions made outside of the Ethereum network be stored as smart contracts. Businesses will need the ChainLink oracle network in order to use blockchain technology to its fullest.
Collectibles from Coachella
Even though this project doesn’t have its own token, it shows how NFTs can be used in the long run. Ten NFTs from the new Coachella Collectibles NFT collection will get you into Coachella Valley Music + Arts Festival as a VIP every year for the rest of your life. It’s possible for people who have the NFT to go to one of the biggest music festivals in the world and get even more benefits over time, like special merchandise and access to special events.
Helium is a gas that can be found in (HNT)
Helium is a cryptocurrency token that gives rewards to users who participate in what it calls “The People’s Network.” Helium is called “The People’s Network.” Helium’s idea for wireless connectivity is to use cryptocurrency incentives to get miners to share their data with a cheap, public network that can be used by everyone.
There is a lot of truth in this (VRA)
In the world of esports, Verasity is an easy-to-use cryptocurrency wallet that works well with other services in AdTech that are trying to make digital advertising more efficient in ways that haven’t been done before. Blockchain technology allows for a level of transparency on the internet that has never been seen before. Verasity’s VeraVeiws solution fights a phenomenon called ad fraud, which costs businesses billions of dollars each year.
The examples of how blockchain can be used here are just a small part of how the technology will change the way we communicate. Blockchain technology opens the door to big changes in almost every industry, and the Web3 industry, which is growing quickly, is making real-world use more and more common in popular cryptocurrency projects. Many popular meme coin projects are still making headlines today, but utility-based projects are becoming more common. These projects are likely to last longer than the media hype and make a real difference.