5 Projects Working to Accelerate Crypto Adoption
When crypto adoption? The answer to that question depends on what you deem to be a satisfactory number of blockchain users. If you’d told bitcoiners in 2013 that a decade on there would be more than 400 million people using cryptocurrency, they’d be astonished. Yet while it’s true that great strides have been made in raising awareness of crypto products, it would be fair to say the industry has yet to realize its full potential.
It’s now commonplace to read, in web3 pitch decks, of “onboarding the next one billion users,” a magical number the industry appears to have settled on as constituting mainstream adoption. Regardless of whether you agree with that figure, there’s no disputing that the industry’s best years and user metrics lie ahead. The following five projects are doing more than most to make that dream a reality.
FairSide
Crypto is an adversarial environment in which users must be constantly vigilant against hackers, scammers, and other tricksters. No wonder beginners find the space so daunting. FairSide provides theft protection for personal wallets, enabling crypto users to store their digital assets with confidence.
It’s a small but important step in making the industry safer for everyone, particularly those who are just getting started. FairSide’s technology is designed to thwart common attacks including social engineering and man-in-the-middle scams.
Libertify
Crypto investing isn’t for the faint-hearted. Identifying the best time to buy and sell is a task that even the wisest heads struggle to master. What hope then for those just entering the industry? Libertify is a AI - powered crypto seatbelt trying to remove the emotional component from trading, making crypto investment a far calmer, less stressful and ultimately more profitable pastime.
The Libertify app helps users cut losses early when the market moves down while capturing the full upside of moves in the opposite direction. It gives beginners a chance to survive long enough to gain the experience to take greater control of their portfolio as their confidence grows.
Peer
Peer is creating augmented reality software for metaverse applications. Its blockchain stack supports “a real-world metaverse” in which virtual objects are tethered to physical locations. While the technical implementations of Peer’s concept may escape the average user, they’ll appreciate its potential when they witness a Peer-powered application in action.
According to Peer CEO and digital visionary Tony Tran, “The Peer Superapp will allow users to better understand the world around them. Content will no longer be limited to search, but will be available at first sight.” The company aims to provide “a single source of truth on a ledger of record for all of humanity to reference.”
Vara Network
Vara is creating a highly scalable network for hosting web3 applications: think dapps that feel like apps in performance, with the blockchain component abstracted and operating smoothly beneath the surface. Gaming, finance, and P2P payments are just some of the use cases envisioned for the first wave of decentralized applications that will emerge on Vara Network.
Vara is made possible by Gear Protocol, whose smart contract platform makes it easy for anyone to deploy a dapp on the Substrate-based network. For apps that demand low latency to operate, Vara will be a godsend, making it ideally suited to hosting web3 dapps that will support mainstream adoption – yes, even the hallowed next billion users.
Send.it
With its smart branding and catchy name, Send bears a message that beginners can grasp: don’t just hodl your crypto – Send it. The Send wallet is designed with simplicity in mind: ETH, BTC, and SEND are all you can store in it. It’s feature sparse for good reason though: to help newbs master the basics of non-custodial storage. Crypto doesn’t have to be complicated.
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