Today, we’ll examine some of the most trailblazing blockchain startups to watch over the next 12 months. Establishing what blockchain startups will be our first port of call. We will then get into the startups that we deem the most exciting to enter the space over the next year.
Even though cryptocurrencies have taken a severe hit and performed a serious price retraction in 2022, the sentiment is set to improve in 2023. It may not reach the same levels as 2021, but some analysts believe the market is close to bottoming out.
In truth, it is still being determined which way it will head, but the blockchain startups we will look at should be able to weather the storm if their projects are innovative enough.
What Is Blockchain?
Blockchain is the technology that validates each cryptocurrency transaction. First devised as the mechanism that underwrites Bitcoin, it is now the key feature of cryptocurrencies. Blockchain is the ledger that is accessible to everybody, where you can view each transaction that has taken place.
These transactions are verified and secured via the technology, also called blocks. Each block contains a cryptographic hash of the previous block and alludes to all the transaction information, including the time, date, and wallets involved.
Besides, there are many ways in which blockchain partakes in digitalization. The technology has broken through fields like health records management, supply chain tracking, and interactive content creation, which showcase its potential for further innovations. Its possible use cases extend to virtually every industry, as it conveniently and securely stores large amounts of data.
According to Ignition, “powered by blockchain, cryptocurrency has also gone from the fringes of finance to a payment method accepted in several establishments, including cryptocurrency casinos.”
Given that, we will continue with our list if you’d prefer to find the top 5 blockchain startups to watch out for.
#1 – Certik
The first startup we will look at today is a project launched in 2018 with a priority focussing on security. Since there is a lot of negative press regarding cryptocurrency, having a startup highlighting projects’ security is essential.
Certik performs audits of projects and has a ranking system that logs companies based on their digital security strength. As professors designed this startup at some of America’s top Universities, it already has severe visibility and reputation and could go from strength to power in 2023.
#2 – Soon
Despite only launching in 2020, Soon is beginning to make waves in the sector. Aiming for another niche, many investors want to get involved in cryptocurrency investing but need to learn how to navigate an exchange or trust themselves to enter the space effectively.
With Soon, you can purchase your cryptocurrency directly from your bank account. Although the transaction fee of 3% is slightly high, you can remove the need to send money and use an exchange. You can select and buy. As more investors enter this space, they could soon see their project gain momentum.
#3 – Finnt
The newest startup on our list launched in 2022. Implementing cross-border savings accounts and payment facilities, don’t be surprised to see this startup quickly rise in popularity amongst crypto aficionados.
With the purpose of Finnt focusing on sending remittances across borders, the implementation of a decentralized network facilitates users to create savings accounts with high returns rates backed by stablecoins to protect their savings from inflation.
It is an ambitious startup plan, but it shows how decentralization and blockchain technology led to immense innovation in finance.
#4 – ARGO
As cryptocurrencies and NFTs entered popular culture over the last 18 months, many startups are looking to provide a niche in the NFT space. Argo is short for “Artists Going Places” and aims to provide a popular platform for short filmmakers and artists to monetize their work through NFTs (Non-Fungible Tokens).
Despite NFTs and the whole market taking a big hit through 2022, NFTs still offer a unique avenue for investors to monetize their creations. For an industry that can be difficult to turn into a full-time job, Argo aims to help bridge the gap between artists and making money.
#5 – Just Carbon
Carbon removal is becoming a more concerning aspect of news. As global warming become a more prominent feature in our lives and causes more disruption, there is added urgency for companies to construct a way to remove carbon from the atmosphere in an effective way.
Investors can buy 1 JCR token on the blockchain, and it is matched by a carbon removal project removing 1 tonne of carbon from the atmosphere. The company, founded in 2021, has revealed that some emissions can’t be helped when it comes to essential activities.
That includes activities such as food production and travel costs. However, by aiming at an area of science that will ramp up in importance over the next 5 to 10 years if the cryptocurrency market also experiences a resurgence, Just Carbon could become a startup at the forefront of the green blockchain revolution.