Originally published on: November 29, 2024
As the crypto industry continues to evolve, the focus is shifting from hype to tangible, valuable projects. Venture investments in crypto are being driven by real-world use cases that demonstrate adoption and sustainable growth. Proven use cases are essential for attracting serious investors and developers to drive the industry forward.
From onchain record-keeping for governments and NGOs to tokenization of real-world assets like real estate and air rights, blockchain technology is enabling new possibilities. These experiments are crucial in building trust and showcasing the practical applications of Web3 projects.
With the evolution of modular encryption and advancements in data security, Web3 data can now be securely stored and processed onchain. This opens up opportunities for trusted computation with encrypted data, allowing for the training of AI models with onchain data.
The time is now to test new use cases and establish real applications grounded in critical functions like record-keeping. By prioritizing user privacy and data security, the crypto industry can mature into a reliable force that enhances the Web2 world.
Ankur Rakhi Sinha, co-founder and CEO of Airchains, emphasizes the importance of proven use cases in attracting growth capital and fostering innovation in the industry. By solving fundamental problems and demonstrating real value, the crypto industry can build a brighter future for all.
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