VentureBeat: “While many industries have seen a decline in venture capital investment, the blockchain space has continued to enjoy funding. Blockchain startups have found strength in the rise of NFT use cases alongside the convergence of blockchain and other emerging technologies like 5G, augmented reality (AR), virtual reality (VR) and artificial intelligence (AI). Gartner predicts the business value generated by blockchain will increase, reaching $176 billion by 2025 and $3.1 trillion by 2030. In addition, Grand View Research estimates the global blockchain technology market will grow at a rate of 85.9% between 2022 and 2030. With the blockchain market capitalization poised to skyrocket in the next few years, investors continue to pour billions of dollars into blockchain and crypto startups. Although the blockchain industry is currently seeing one of its harshest crypto winter seasons, its promise hasn’t stopped burgeoning. As the metaverse gains more inroads into the broader enterprise, investors continue to tap into the endless potentials of blockchain, moving its application far beyond cryptocurrencies, NFTs and any other singular unit. A report by PwC on the outlook of the blockchain industry notes it as a technology enabler with an unrivaled capability to improve the business processes in the enterprise while simultaneously lowering the cost of trust. These advancements are touted to result in a greater return on investment (ROI) for first movers and the businesses they serve…”
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