Blockchain is a hot topic these days and it seems to be well on its way to be a revolutionizing technology that will transform the 21st century. If you still don’t have any idea why just think about the changes that happened after Nikola Tesla invented electricity. Marvelous, isn’t it?

NFT startups will bring transformation not only in the way how we do business but also it will transform almost every other industry. Starting from healthcare to government agencies and real estate investments.

These innovative NFT startups are at the cutting edge of this exciting technology and it is expected to have success in the coming years.

What is an NFT startup?

NFT Startups are business companies that work with Blockchain technology and have created or leveraged non-transferable tokens that represent unique digital assets, that can be sold as physical products.

The top 24 NFT startups

In the list below, we show you the top 24 NFT startups that are changing the game in the Blockchain industry.

Element Market

Element Market operates a digital asset exchange that allows trading of cryptocurrencies and NFTs (non-fungible tokens). What makes Element Market unique is that it goes beyond being just a trading platform. The service also aggregates and analyzes NFT sales data from multiple marketplaces, providing transparency into price histories, floor values, bid-ask spreads, volatility, and other analytics. This gives traders and collectors more context about the true underlying value and demand dynamics of individual NFT projects.

With robust tools for valuation and discovery across the fragmented NFT landscape, Element Market aims to become the go-to platform for investors to research, buy, sell, and track the performance of crypto-assets like NFT collections along with traditional cryptocurrencies.

ConsenSys

Founded in 2014 in Brooklyn, New York. It’s one of the leading Ethereum companies in the blockchain industry. Their mission is to create next-generation applications, launch cutting-edge financial infrastructure, and gain access to the decentralized web. Their product suite, which includes Infura, Quorum, Truffle, Codefi, MetaMask, and Diligence, serves millions of users globally and has raised billions of dollars in digital assets.

Dotmoovs

It’s a new startup, founded in 2021 in Tallinn, Estonia. It’s a Play2Earn e-sport competition platform that allows users to rate their performance and challenge each other in their favorite sports using AI video judges. By using the platform, players can earn $MOOV, NFTs, and other rewards. The company’s motto is “We eliminate any physical and geographical limitations in sports and allow everyone to turn their training into powerful peer-to-peer competitions.”

Dapper Labs

Founded in 2018 in Vancouver, British Columbia, this startup is a pioneer in the e-gaming world.
This startup stays behind companies like CryptoKitties, NBA Top Shot, NFL All Day, UFC Strike, and Flow blockchain. In their work, they use Blockchain technology to bring NFTs and new forms of digital assets closer to their fans.

In four years, this startup has successfully raised over $600 million from investors including Andreessen Horowitz, Coatue, Union Square Ventures, Venrock, Google Ventures, Samsung, Dreamworks, Coinbase, and Zynga.

Polkawar

Is a decentralized platform for online game fighting based on a blockchain network. Inspired by the NFT subcategories, PolkaWar creates a fighting game in the real-time world. Players build a character system with various levels of weapons and equipment to battle other players (characters). Also, players can buy and sell digital items on the NFT marketplace.

Element

This project is founded and designed in 2021 from three viewpoints of creators, users, and communities. Their vision behind the project is to enable more users to enter the NFTs market and facilitate the integration of traditional markets and the crypto economy.

Element is a decentralized NFT marketplace built on a decentralized blockchain network to help create, discover and share a valuable trading platform for both NFT creators and investors.

VulcanForged

It’s a community-based project launched in 2020. It presents the development of world-class blockchain games by supporting developers from the entire world to participate through incubation and crowdfunding development programs.

In just two years since its launching has grown from a small NFT platform to an immense App platform, game studio, launchpad, and NFT marketplace. In 2021, has launched its decentralized exchange marketplace called VulcanDex which entered into the top 5 NFT marketplaces.

Polychain Monsters

Previously known as Polkamon is a P2E trading game based on blockchain technology that incorporates elements and gameplay patterns from Pokemon cards.

Offers playful entertainment, easy trading, and different types of animated NFTs of unique and colorful monster and creature characters. Its advanced features make it different from other NFT collecting platforms currently available. To participate in the ecosystem, players can use the Polychain Monster, which is an NFT token. 

OpenSea

Launched in 2017 with headquarter in New York. This startup represents an open and comprehensive web3 platform that allows an individual to explore their NFTs, connect and buy and sell their NFTs. 

OpenSeathe first and largest peer-to-peer marketplace for non-fungible tokens or NFTs. It also includes collectibles, game items, domain names, digital art, and many other items secured by blockchain.

YieldGuild Games

It’s a blockchain-based organization that pools funds and invests in in-game NFTs, allowing members to play Metaverse games and earn rewards. This organization is created in 2021 and is one of the first Yields to bring his DeFi concept of Yield Farming to Play to Earn.

Yield Guild Games acts as a device for lending in-game NFTs to members who cannot afford to purchase NFTs themselves.

OTM NFT

Own the Moment is another “new kid from the block”. This startup is launched in 2021 and since then it has seen tremendous growth. 

It’s an immense platform that consists of, a content provider, and a community that provides everything you need to collect and invest in NFTs. Their mission is to help and support everyone that needs a strategy in this emerging field, through NFT discovery, education, analysis, and discussion.

Verisart

Launched in 2015 with headquarters in Los Angeles, California is a creator-driven platform to mint NFTs, sell digital art pieces, and connect with collectors.

To assist artists, the company has created a blockchain-based digital certification platform for certifying and verifying artworks and collectibles. Every NFT carries an integrated Certificate of Authenticity designed to verify creative authenticity for physical and digital art and collectibles.

Doingud

Is a new upcoming NFT startup that comes from Europe, with headquarters in Zug, Switzerland launched in 2021.

Is a next-generation ecosystem that is investigating the future of digital media and collectibles. It aspires to be a community-owned platform, working to empower creators, curators, brands, and organizations to engage with their audiences. Their mission is to get into sustainable revenue streams, generate value for their audiences, and make a meaningful impact in the blockchain industry.

Ternoa

Is a blockchain design created in 2013 which serves for storing and transferring particular data anonymously and securely.

It works by operating decentralized blockchain storehouse networks to store this data which is also passed down across generations. It uses NFTs as transmission technology. It’s also allowed, to transfer a variety of data like prints, vids, watchwords, legal documents, bank details, and more. Along with that, it’s also able of driving event- grounded data transfers.

Mintable

If you are looking for an NFT marketplace for collectors and digital artists, Mintable is a name that has recognition among collectors. This platform exist since 2018 and is a great place to begin exploring the wide world of NFTs. Offers a variety of non-fungible commemoratives including digital collectibles, music, art, in-game particulars, and many more.

This is an Ethereum- grounded NFT business that gives collectors an easy way to produce, buy, and sell colorful NFTs. To buy or sell on Mintable, you need to have Ethereum coins.

Rarible

It’s an open-source NFT marketplace launched in 2020. In the short two years since its launching, it became one of the best NFT marketplaces that work on the Ethereum blockchain technology. Their main goal is one day to be a decentralized-independent association.

The platform uses its cryptocurrency called RARI which is the first governance commemorative in the NFT world. RARI enables the collectors on Rarible to bounce for any platform upgrades and share in curation at a rate of,000 RARI a week. While artists are needed to submit their creations for endorsement.

Spores

The founders of this startup have a vision that crypto will guide to decentralization of ownership and redistribution of capital. So, their mission is to develop an NFT ecosystem that will be centered and community-driven.

Spores Network builds a blockchain technology that will be the fundamentals for a full-stack, blockchain-agnostic NFT- DeFi platform. They believe that the platform will be secure, flawless, and friendly for all actors, making mass relinquishment of NFTs possible.

Applify

This is a startup that comes from India, founded in 2014 with headquarters in Mohali City, Punjab. Besides their specialty in mobile and web development, they also started developing NFTs.

Team Applify has created some incredible, cutting-edge products. Such as a marketplace for NFT watch faces which is a fusion of blockchain technology, crypto dynamics, and an OTT platform that converts any smart screen into a theater.

Charged Particles

This project was launched in 2020 in Aurora, Ontario. Designed as a protocol combining Decentralized Finance and Non-Fungible Commemoratives. With this protocol, you are suitable to turn a standard NFT into a yield-generating investment.

Their vision is to integrate this protocol into every NFT platform with the end goal to become a fundamental technology in the development of NFTs.

Bitski

Is an NFT business launched in 2016 in San Francisco, California. Their product is the first digital wallet for mainstream usage. Their developer-focused blockchain Etherium wallet allows creators, brands, and platforms to easily create, sell, and purchase NFTs through their platforms. 

Nifty

Nifty allows artists, creators, and collectors to mint, display, and trade NFT digital art and collectibles.

Key features include artist profiles, social feeds, and wallet-free transactions. This allows community engagement directly on the site, unlike some NFT marketplaces. Nifty’s also handles gas fees behind the scenes, simplifying the transaction process for buyers.

OneOf

Launched in 2020, OneOf aims to bring environmentally friendly NFTs to the music industry. Their curated marketplace allows fans to buy certified digital collectibles from major artists and icons.

OneOf operates on the energy-efficient Tezos blockchain. This enables their NFTs to use nearly negligible energy versus counterparts on proof-of-work blockchains which allows fans can collect music NFTs with confidence in a lower carbon footprint.

CryptoSlam

Founded in 2021, CryptoSlam aims to bring transparency to the nascent NFT market through data. Their dashboard lets users view real-time and historical NFT sales activity across marketplaces and blockchains.

Tools include ranking of top collections, rarity analysis of traits, listings of top sales, and more. For individual NFTs, users can access backgrounds, current listings, sale history, and other details.

RBL

RBL Labs burst onto the scene with their hit blockchain card game Legends of Crypto. The game struck a chord by featuring real crypto influencers and personalities on collectible NFT cards. From LOCGame to the metaverse city of Cryptise, their goal is to bring fun, lucrative, decentralized games to the future users of Web3.

With $10M in funding, RBL Labs is poised for rapid growth alongside the GameFi movement.

KnownOrigin

Founded in 2018, KnownOrigin was one of the first NFT marketplaces focused on digital art. Their platform allows artists to mint and sell original works as NFTs directly to collectors. Artists can build their brand and body of work over time, cultivating a fanbase of owners. Collectors can discover and invest early in emerging digital artists.

With more than $300M in sales to date, KnownOrigin demonstrates the potential of NFT marketplaces to empower independent artists.

What do all these NFT startups have in common

As we said at the beginning, all these startups are still new and in development. But they have a huge potential to transform not the Blockchain industry only, but also the way of doing business and transferring money as never seen before.  Keep up with this new industry by following these startups, getting deep into the unique parts of NFT marketing and being active in the community.

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Nowadays, video games are not just ordinary tools for entertainment in our spare time, they’ve become much more than that. As the internet and technology are becoming cheaper and widely available, online gamers are increasing exponentially every day. With revenues of over US$300 billion in 2022 alone, the gaming industry is one of the fastest-growing industries in the world.

All this rapid development gives room for the launch of new gaming startups in this industry, but, like in any business. Some of the new startups will go bankrupt, some will be bought and taken over by other bigger startups. Only a small percentage of them will survive and grow into unicorns that will transform the future of the gaming industry.

The top 19 gaming startups

Let’s take a look at these 19 startups that have the potential to become unicorns one day and make big changes in the gaming industry.

Immortal Game

Immortal Game is an innovative digital version of chess that integrates blockchain play-and-earn mechanics into the classic strategy game. The web and mobile platforms allow players to test their skills against others online while earning cryptocurrency rewards through competitive tournaments and contests. By incorporating NFT collectibles into the game experience, players can acquire unique digital assets like custom chess boards and pieces that provide in-game advantages.

Immortal Game hopes to attract both enthusiastic chess fans and play-to-earn gamers by merging the strategic depth of the iconic board game with emerging trends in digital gaming powered by blockchain technology. The platform aims to cultivate a new chess metaverse that keeps the integrity of the original game while evolving gameplay through creative crypto incentives and features.

Twin Suns Corp

Founded in 2020 in Seatle, WA is a video game studio that develops action games with AAA-class platform titles for consoles and PC. 

The founders of Twin Suns Corp. are all seniors with huge experience in the gaming industry. They have worked on Hitman 3, Gears of War, and the Halo franchises, among others. That says a lot about the potential this startup has for future development in the gaming industry.

SkyMavis

Is a technology-focused gaming studio with a focus on blockchain technology and NFT. This studio is founded and launched in 2019 with headquarters in the Central Business District, Singapore.

The company offers the Axie Infinity game, which uses NFTs to financially reward players as they play more. Sky Mavis also creates marketplaces for the trading of one-of-a-kind digital assets. Sky Mavis uses blockchain technology to develop games for the future that will be played in the metaverse.

EsportsXo

This is a gaming startup that comes from India. Founded in 2020 in Bangalore province it’s one of the fastest-growing esports tournament management companies that provides software to manage online tournaments. 

Their vision for the future is to create the world’s largest community of console, PC, and mobile gamers where all gamers will be in one place. And to start making VR projects for the metaverse.

Zynga

This is the startup that stays behind the well-known games Zynga Poker, Farmville, and World With Friends launched on Facebook. It was founded in 2007 in San Francisco, California, and is a pioneer in creating simple social games, which are popular among the people.

With an average of 37 million daily active users, it’s one of the biggest unicorn companies in the online gaming world. And its influence is growing even more, as they are currently expanding into mobile applications and virtual reality.

ScopeLy

Is an entertainment and mobile-first video game studio founded in 2011 with headquarters in Culver City, California, and operations on all seven continents. This is another multi-billion fast-growing unicorn in the online gaming industry.

In the range of games that the development team has created are games such as, “Star Trek Fleet Command,” “MARVEL Strike Force,” “Scrabble GO,” “WWE Champions,” “Yahtzee With Buddies” and “Stumble Guys,” among others.

Rogue Games

This gaming startup is launched in 2018 with headquarters in Los Angeles, California, and branch offices in San Mateo and Seattle. During this short span, the company has had huge success in developing and launching games for mobiles, PCs, and consoles. With this success, the company managed to assert itself as a major player in the gaming industry.

In the company’s portfolio, you can find a huge of games, including several award-winning such as Oz: Broken Kingdom, Sociable Soccer, Wild Life: Puzzle Story, Hexaflip: The Action Puzzler, Super Impossible Road, and many more.

Asobo Studio

Created in 2002 in Bordeaux, France. With 20 years of history under its belt, this French video game studio is considered a leading company in PC and console video game development.

In addition to the many projects that this studio has worked on, it can boast two big projects in the portfolio. Microsoft Flight Simulator and the award-winning project A Plague Tale: Innocence.

In the future, this company wants to focus on developing augmented reality solutions that will make transformations not only in the gaming industry but in other industries as well.

Jam City

Another unicorn launched in 2009 with headquarters in Culver City, California, and another nine studios located in the United States, Canada, South America, and Europe. This startup managed to make a huge success in the industry in a relatively short period.

In addition to the many popular games that this studio has made. The biggest success was recorded in 2018 with the game Harry Potter: Hogwarts Mystery. Since then, this company has seen continuous growth and development.

Itatake

This small startup comes from Northern Europe, more precisely Gothenburg, Sweden. Founded in 2011 with a team of just nine members, this company has seen significant success in developing games for mobile devices. Their games are in high demand and currently have over 13 million downloads and some of them are winning-award games.

Their plans include expanding their team of developers and producing even more mind-blowing games that will make an impact in the gaming industry.

Tiidal Gaming Group Corp

This is a Canadian professional esports, betting, and entertainment organization founded in 2018 in Toronto.

Tiidal has two subsidiaries Sportsflare and Lazarus Esports. Sportsflare offers reliable odds feeds and cutting-edge technology based on artificial intelligence solutions for sportsbooks, sports events, online betting, media, and video game firms. These solutions include a predictive engine, data platform, and trading services. Lazarus is the first recognized esports team in Canada and is rated as the best Canadian esports team based on past success.

The Sandbox

Is a gaming platform launched in 2018 by a group of software engineers. The Sandbox represents a gaming platform to provide a metaverse where cooperatively and without a central authority, virtual worlds and games will be produced. The platform allows users to customize and enjoy the game in any way by allowing users to animate three-dimensional objects, create games using in-game visual scripting, and NFTs to transfer assets from one game to another.

nDreams

The company was formed in 2006 and it’s located in Farnborough, Hampshire in the United Kingdom. In their portfolio, you can find projects made for different video platforms such as Play Station Home, The Virtual World on Sony’s Play Station Console, and so on.

In the last seven years, they are focusing on developing software for virtual reality headsets. So, from 2014 onwards, they have developed games that can be played in virtual reality too. Some of the game titles are: “The Assembly”, “Gunner”, “Perfect Beach”, “Little Cities” and many more. Their plans for the upcoming years are to start developing VR games for The Metaverse.

Build A Rocketboy

This company comes from The United Kingdom. Founded in 2016, with headquarters in Edinburg, Scotland, and operations in Hungary, The Nederlands, France, and California is another fast-growing game studio in the industry.

The studio works on a new project, a game called “Everywhere” and the plans for release are for 2023. The game is a multiplayer open-world AAA game with social and streaming integrations and user-generated content implemented through a “virtual sandbox” where users can design their worlds.

1047 Games

This is another fast-growing gaming startup. Within just 5 years of its launch, this small game studio evolved into a big VC-backed company and managed to raise over 120 million dollars in funding. This rapid development allowed them to develop the flagship game Splitgate, which soon became a huge success.

Their way of working is quite simple and flexible.Тhey believe that freelancing is the future of remote work. They employ talents from over the world who are willing to help to build and grow this startup into a big unicorn company.

Chaos Karts

This project is founded in London, UK in 2019. It’s a video game designed in kart-style and it brings a real-life go-karting experience to the players. The team behind this project wanted to provide a live-action video game experience for the tech-leisure market. The game let players race around circuits in a digitally projected world thanks to augmented reality go-karting tracks, and power-ups.

Gamee

It’s a video game project founded in 2015 with headquarters in Prague, Czech Republic, and office locations in Preston, UK, and Hong Cong, China.

Gamee is a social-networking-based mobile application where it connects gamers, brands, and crypto projects in one place through play. The studio provides a variety of minigames so that its users can play and compete against their friends on a social networking site. 

Since the studio has an open-source developer platform, anyone has an opportunity with contributing and creating games for Gamee.

Mythical Games

It’s a gaming studio launched in 2018 in Sherman Oaks, California, with operations in Seattle, Washington State, and Overland Park, Kansas. The owner designed the studio to connect businesses, players, and artists through individualized experiences and content. 

On the EOSIO crypto platform, the studio offers decentralized gaming applications that use blockchain technology to create games where players can own the assets they create. This allows users to create products that encourage people to the adoption of distributed ledger technology through games.

Paradox Interactive

This game company with headquarters in Stockholm, Sweden is around since 1999. In its working history, the company has expanded in Europe and USA, and now has offices in Delft, The Nederlands, and Seatle, Washington. Their main focus is developing PC-based strategy games.

In the company’s product portfolio, you can find Franchise brands including Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny, and Magicka. Additionally, Paradox is active in game publishing, in-house game development, and brand licensing for White Wolf. The company sells its games via Apple, Google Play, Sony Store, and the digital distribution platform Steam.

Game Way

Designed and launched in 2018 in Tigard, Oregon, it’s a video game project installed in airports across the US. The game brings unique entertainment to passengers to have fun while waiting on their flights. 

Each gaming station comes equipped with a Playstation 4 Pro that’s-loaded with games, a leather president, a 43″ 4K television, noise-canceling headphones, charging anchorages for your electronic bias, and space to store the luggage.

What do all these gaming startups have in common

As the gaming industry evolves, so do the game studios evolve as well. The game designers are already adjusting to emerging trends by including VR and AR technology, and the metaverse in their projects. As the list indicates, even relatively new startups in this sector are creating, distributing, and producing games that millions of people love them. 

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Crypto technology has only been around for some 12+ years. However, the impact it created is pervasive. Not only is it revolutionizing modern-day industries but challenging our approach to work every day. Bringing in transparency, speed, and performance, cryptocurrency is driving us to the future of global industries. 

But to understand the benefits of crypto and how can help you grow your business requires understanding the multi-level benefits it brings to your operations. This is what exactly we are going to reveal in this post.

 We take a deep dive into the core areas where this bleeding-edge technology leverages your business to improve your sales pipeline and create a more robust and sustainable business. 

Let’s dive in.

9 benefits of the crypto revolution for your business in 2024

Cryptocurrency brings a multitude of benefits to businesses and their consumers alike. But at the core, it revolutionizes how we look at business operations today. This makes understanding the benefits of crypto easier if we map how it solves the core problem areas that matter for a business. 

The following are the most prominent ones that you can readily witness in your business.

1. Transparent and faster transactions

Unlike traditional businesses, crypto does not complicate the transaction process between two parties.
Decluttering the transaction landscape from brokers, agents, legal representatives, and other middlemen, the crypto technology creates a safe and secure one-on-one direct transaction landscape. Integrating a peer-to-peer networking infrastructure, you can directly conduct a transaction with the responsible party. It is advisable to use a professional firm such as this UK crypto accountant to make sure you keep on top of your financial gains.

What follows is a discernable reduction in unnecessary expense and time consumption required to complete one successful transaction between two parties. What’s more? You get more transparent and simpler audit trails bringing in greater accountability in every activity. This means better optimization of your business resources.

2. Easy asset transfer

The cryptocurrency blockchain is like a gigantic database of property rights that can be leveraged to execute and enforce two-party contracts on multifarious commodities of which automobiles and real estate are the most common. However, cryptocurrency does not stop at that. It can also facilitate other modes of transfer that require special modifications.

Speaking of how to use cryptocurrency for business, you can design a contract to add a third party approval, refer to external facts, or timestamp your contracts with precision. What’s more? Because cryptocurrency enforces advanced security over the access of respective accounts, your exclusive governance makes asset transfer time and expense radically go down.

3. Improved confidentiality

Unlike traditional banking systems, cryptocurrency brings more flexibility regarding what information you want to share with your banking agents every time you do a transaction. 

In a banking system, whenever you use debit or credit cards to perform a transaction, it gets documented via a reference number to keep records of how money flows in and out. For even more complex business transactions, a thorough financial audit might be required. But with cryptocurrency, you can filter the information at each step of the transaction. 

Each transaction you make through cryptocurrency is unique, that you can regulate between two parties. From negotiations to agreements, all can be filtered out at every step. What’s more? The exchange of information is performed via a push approach that gives you leverage to transfer exactly what you like and how you like. 

As a result, your financial history trail and privacy get better protection from identity threats and hackers throughout the transaction chain, an element in which a traditional banking system fails to serve your business.

4. Lower transaction fees

No doubt you are well versed with your monthly statements from the bank, whether you are writing a check, using your credit and debit cards, or using electronic transfer facilities like mobile banking and internet banking. But what looks very insignificant of an amount for single processing can take the shape of significance when accumulated together. This becomes even more significant if your business integrates high-frequency daily transactions.   

If you take a close look at your business account, you might get surprised to see the amount of money that you pay as transaction fees in a month.

Cryptocurrencies like Bitcoin and USDC successfully removes this barrier so that you can focus on fast and easy transactions. To reduce the transaction fees, cryptocurrency uses a data mining model. 

Here the coders and developers, also known as data miners, perform the data crunching using multiple computers and systems interconnected through the same network located at various places globally. As these developers receive their compensation through the crypto network, the transactions fee goes significantly down. There are times when it is not even applied.

5. Higher accessibility

One of the unfair business uses for cryptocurrency is higher levels of accessibility to transact. No matter what place you are located in, the remote and rural or accessible, metropolitan city, you can perform transactions from the comfort of your home. 

Cryptocurrency transfers operate on two foundational elements: the internet and safe virtual data transfer. This makes this facility readily available to one and all. All you need is a viable internet connection, preferably a high-speed one, and some knowledge about the cryptocurrency platforms facilitating the transfer.  

This viability creates opportunities for businesses to develop their customized network of partners and vendors, allowing you to optimize your product development costs. 

A recent study estimates that almost 2.2 billion individuals have internet access yet no traditional banking access. This is a heavy indication of the opportunity available for businesses to grow their networks with audiences where it was not possible in the past.

6. Easier international trade

The benefits of using international money transfer companies are many. They are easier to use, cheaper, and faster  But it’s important to understand that not all businesses in this relatively new industry are equally reliable. Therefore, you should use a comprehensive international money transfer service guide to choose the company you can trust with your money.It is worth to note that. unlike traditional international money transfer services, cryptocurrency doesn’t bar international trades. 

This means no matter where you are placed and with whom you perform a business transaction, traditionally imposed taxes and restrictions like exchange rates, interest rates, transaction fees, and other levied charges by specific countries are not applicable in this transaction ecosystem.  

What follows is a free flow of international trade and exchange. To facilitate this, cryptocurrency integrates the decentralized, peer-to-peer model of blockchain technology, creating simpler, faster, and more transparent trading. What’s more? You do not need to overthink the highly volatile nature of currency exchange rates here.

7. Maximum control

One of the most considerable assurances that cryptocurrency provides is complete ownership of your assets and accounts, unlike traditional models of banking. 

In a traditional banking system where a third party safeguards your funds with distributed ownership, your assets are always in a high-risk zone. Your account can get closed without prior notice due to multiple reasons like infringement of terms and conditions and more. This not only creates complexities and chaos but dampens your asset security. 

Cryptocurrency gives you complete authority and ownership of your crypto wallet encryption keys without any intervention from 3rd parties. Neither can anyone else access nor operate your crypto wallet until you delegate the management and maintenance task to a service provider.

9. Robust security

If there is one element that the cryptocurrency champions, it is complete security for all the parties involved in a transaction.

Starting a cryptocurrency transfer requires you to authorize the transaction via all the stakeholders involved. Once done so, it cannot undergo a reversal process like traditional banking facilities. 

This step is designed to validate the authenticity of the stakeholders and is a significant step to fight back against frauds and scams over the landscape. Creating a specific agreement established a hedge between the buyer and seller refunds for the specific event if any failure to meet any expectation was defined and agreed upon in the agreement. 

Cryptocurrency utilizes a decentralized and powerful encryption technology to process and store transaction data and ledgers to ensure the security of accounts and transactions performed over its network.

Conclusion

Cryptocurrency is no doubt the technology of the future. Benefits of crypto have the potential to transform your complete business ecosystem by exponents, be its transparency, speed, or costs.

However, here’s what you need to be aware of.

This technology is still in its early developmental stage, with new virtual currencies being launched each day. The same reason makes its adoption rate still much low. This means you have a first-mover advantage here. The faster you integrate it into your business operations, the higher your chances to possess advantages over your competitors.

This leaves only one question left unanswered. When are you integrating cryptocurrency into your business?

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