“Meme coins” have been blowing up, however they make up very little of reality
I thought it’d be nice to go over a brief list of cool applications and things that are ACTUALLY being built on $ETH
All of these are breaking into trillion dollar industries… 🥐
I thought it’d be nice to go over a brief list of cool applications and things that are ACTUALLY being built on $ETH
All of these are breaking into trillion dollar industries… 🥐
Reddit
The 10th most popular social network in the U.S. uses “community points” on $ETH to reward users who provide quality posts or comments
They have already started three projects using $ETH, with more said to be in the pipeline
There are over 1.7B visits to Reddit a month
The 10th most popular social network in the U.S. uses “community points” on $ETH to reward users who provide quality posts or comments
They have already started three projects using $ETH, with more said to be in the pipeline
There are over 1.7B visits to Reddit a month
AP Elections
A collaboration between Everipedia & Associated Press allowed for an immutable database over the 2020 election
With help from $LINK oracles, more than 7,000 state and National election race calls were recorded on $ETH
This was the first of its kind
A collaboration between Everipedia & Associated Press allowed for an immutable database over the 2020 election
With help from $LINK oracles, more than 7,000 state and National election race calls were recorded on $ETH
This was the first of its kind
Spencer Dinwiddie
With $ETH, a basketball player for the Brooklyn Nets created a unique bond after he wished to tokenize his $34.4M contract
NFT technology allowed him to tokenize and create what he calls “Professional Athlete Investment Tokens”
With $ETH, a basketball player for the Brooklyn Nets created a unique bond after he wished to tokenize his $34.4M contract
NFT technology allowed him to tokenize and create what he calls “Professional Athlete Investment Tokens”
Crypto-Backed Loans
An FDIC-insured bank is offering $ETH backed loans with smart contracts
They have attracted attention from numerous other banks with tens of billions in assets
This example is just one of many crypto-backed lending products for banks to come
An FDIC-insured bank is offering $ETH backed loans with smart contracts
They have attracted attention from numerous other banks with tens of billions in assets
This example is just one of many crypto-backed lending products for banks to come
Real Estate
NFTs offer a great solution for real estate
Real estate is often limited to only those who can afford such investments, & there is a lack of liquidity
However, NFTs introduce the concept of fractionalized tokens, which could change everything for the market
NFTs offer a great solution for real estate
Real estate is often limited to only those who can afford such investments, & there is a lack of liquidity
However, NFTs introduce the concept of fractionalized tokens, which could change everything for the market
Smart Cities
Robotics teams have found home on $ETH for plans to build out a city of IOT devices
Microsoft experimented with $XRT aiming to make smart cities a reality in the 4th industrial revolution
They use the blockchain to offer “robot as a service” technology & much more
Robotics teams have found home on $ETH for plans to build out a city of IOT devices
Microsoft experimented with $XRT aiming to make smart cities a reality in the 4th industrial revolution
They use the blockchain to offer “robot as a service” technology & much more
Forbes Paywall
Unlock protocol has been implemented on Forbes for an ad-free experience on the site
Even more interestingly, the subscription is represented as an NFT on the blockchain
Connect to the site with your $ETH wallet, and instantly have access ad-free via $UDT
Unlock protocol has been implemented on Forbes for an ad-free experience on the site
Even more interestingly, the subscription is represented as an NFT on the blockchain
Connect to the site with your $ETH wallet, and instantly have access ad-free via $UDT
Jewelry
Once a diamond leaves the Jewelry store, it loses almost half of its value
This is because they aren’t a liquid asset, & don’t have a form of verifiable authenticity even slightly comparable to NFTs
Several luxury dealers have explored NFTs for their unique advantages
Once a diamond leaves the Jewelry store, it loses almost half of its value
This is because they aren’t a liquid asset, & don’t have a form of verifiable authenticity even slightly comparable to NFTs
Several luxury dealers have explored NFTs for their unique advantages
Insurance
Tens of thousands of Kenyan farmers have access to insurance they otherwise wouldn’t of been able to thanks to $LINK oracles and $ETH
Smart contracts monitor different parameters and execute claims in a seamless manner
This is a multi hundred billion dollar industry
Tens of thousands of Kenyan farmers have access to insurance they otherwise wouldn’t of been able to thanks to $LINK oracles and $ETH
Smart contracts monitor different parameters and execute claims in a seamless manner
This is a multi hundred billion dollar industry
Proof of Life
I couldn’t make this thread without including this amusing yet brilliant use of $ETH
In 2017 people were convinced Vitalik Buterin died in a car accident, but he was able to verify life and put everyone at ease on-chain
I couldn’t make this thread without including this amusing yet brilliant use of $ETH
In 2017 people were convinced Vitalik Buterin died in a car accident, but he was able to verify life and put everyone at ease on-chain
https://twitter.com/croissanteth/status/1401525923086835714
NFT marriage
Another amusing yet true use case for $ETH is apparent in the case of two Coinbase employees, and how they chose to get married
Unlike traditional couples, this couple got married on an immutable ledger
These go to show just how creative you can get…
Another amusing yet true use case for $ETH is apparent in the case of two Coinbase employees, and how they chose to get married
Unlike traditional couples, this couple got married on an immutable ledger
These go to show just how creative you can get…
https://twitter.com/rgoldilox/status/1378014362896461839
Tickets
Tickets can be easily made for events, with tons of programmable options
The Dallas Mavericks have discussed using NFTs as tickets to collect more revenue from royalties
These can include built in features to profit from secondary markets & scalpers reaping profits
Tickets can be easily made for events, with tons of programmable options
The Dallas Mavericks have discussed using NFTs as tickets to collect more revenue from royalties
These can include built in features to profit from secondary markets & scalpers reaping profits
Flashloans
Instantly access a loan of more than $10M with absolutely zero collateral placed down
What’s the catch? Well, there isn’t one.
Flashloans can make up several trades on the condition that it returns what is owed, or it fails
This means there is NO RISK for lenders
Instantly access a loan of more than $10M with absolutely zero collateral placed down
What’s the catch? Well, there isn’t one.
Flashloans can make up several trades on the condition that it returns what is owed, or it fails
This means there is NO RISK for lenders
VISA x USDC
Online payments processor giant VISA announced they will accept transaction settlement in $USDC, a stable coin on $ETH
There are a staggering 3.3B VISA cards in use, with as little as 163M wallets on $ETH
& $ETH is home to an abundance of stable coins
Online payments processor giant VISA announced they will accept transaction settlement in $USDC, a stable coin on $ETH
There are a staggering 3.3B VISA cards in use, with as little as 163M wallets on $ETH
& $ETH is home to an abundance of stable coins
MasterCard
MasterCard partnered with Consensys to deliver a suite of products on $ETH
They hope to “support a growing number of customers that are actively developing applications on Enterprise Ethereum and leveraging open-source technologies and communities”
MasterCard partnered with Consensys to deliver a suite of products on $ETH
They hope to “support a growing number of customers that are actively developing applications on Enterprise Ethereum and leveraging open-source technologies and communities”
No-collateral loans
Goldfinch, a protocol on $ETH, aims to decentralize the process of lending, AND getting loans without collateral
So far they already have more than 10,000 borrowers across Mexico, Nigeria, and Asia
Goldfinch, a protocol on $ETH, aims to decentralize the process of lending, AND getting loans without collateral
So far they already have more than 10,000 borrowers across Mexico, Nigeria, and Asia
Liberland DAO
The Liberland DAO is an Ethereum-based decentralized autonomous organization for governance over a small nation between Croatia and Serbia
Token holders are inclined to service the Free Republic of Liberland
This is the first “country on the blockchain”
The Liberland DAO is an Ethereum-based decentralized autonomous organization for governance over a small nation between Croatia and Serbia
Token holders are inclined to service the Free Republic of Liberland
This is the first “country on the blockchain”
Music
The music industry is littered with record labels and larger corporations who take up all of artists profits
NFTs and $ETH offer a direct tool for creators to sell their work straight to their fans, while making it a whole lot more profitable!
The music industry is littered with record labels and larger corporations who take up all of artists profits
NFTs and $ETH offer a direct tool for creators to sell their work straight to their fans, while making it a whole lot more profitable!
Creator Economies
Anyone can make independent economies with unique control over their interactions & experiences with fans
These provide a never seen before level of access at disposal of the content creator
This is a gigantic market which has only dipped its toes
Anyone can make independent economies with unique control over their interactions & experiences with fans
These provide a never seen before level of access at disposal of the content creator
This is a gigantic market which has only dipped its toes
Legal Agreements
On $ETH, it is actually possible to create legal agreements in law with code
These smart contracts can significantly reduce friction and cost of creating binding legal agreements
OpenLaw offers a platform exactly for this purpose
On $ETH, it is actually possible to create legal agreements in law with code
These smart contracts can significantly reduce friction and cost of creating binding legal agreements
OpenLaw offers a platform exactly for this purpose
Synthetics
Real world assets are being tokenized with the use of off chain oracles
These off chain oracles relay data to smart contracts with stuff like price feeds for various assets like gold, silver, or almost anything else that you could think of with a stream of value
Real world assets are being tokenized with the use of off chain oracles
These off chain oracles relay data to smart contracts with stuff like price feeds for various assets like gold, silver, or almost anything else that you could think of with a stream of value
TLDR?
It is becoming increasingly obvious that Ethereum is more than what many people set it out to be, and I think it’s time we start treating it that way.
Education > Speculation
If you made it this far, I hope you enjoyed! More breadcrumbs from the bakery coming soon… 🥐
It is becoming increasingly obvious that Ethereum is more than what many people set it out to be, and I think it’s time we start treating it that way.
Education > Speculation
If you made it this far, I hope you enjoyed! More breadcrumbs from the bakery coming soon… 🥐
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