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‍Key Moments for Blockchain in 2021

Key Moments for Blockchain in 2021

2021 was a year full of surprises, especially for blockchain technology! PBWS featured for you key advancements regarding the ecosystem.


1. The formal Introduction of CBDCS (Central Bank Digital Currencies)

CBDCs have gained a lot of traction and are now a legitimate alternative to the future of money. These local and digital currencies powered by governments, have already been implemented in China, and should be ready worldwide by 2030.

2. Mass DeFi Adoption

Decentralized Finance is now prevalent thanks to the emergence of cryptocurrencies, allowing instant and decentralized transfers between two parties.

3. NFTs on the Rise

NFTs have been established and are now a legitimate way for individuals to collect and effectively prove ownership of digital goods. Their surge in popularity was also noticed by corporations, who now use NFTs as a vehicle for branding and community.

4. Functional Interoperability between Blockchains

Significant progress was made in blockchain development, allowing interoperability (the immediate communication between two different blockchains).

5. Crypto & NFT Exchanges are Now Established

Crypto exchanges and NFT exchanges now play a central role towards the mass democratization of crypto assets, forging a path to a new version of the world wide web.

6. Cryptocurrency Market Cap Surpassed US$ 2 Trillion

Cryptocurrencies are now mainstream, surpassing US$ 2 Trillion in Capitalization.

7. Universal Identity

Blockchain is now used by Governments to assess and prove identity, forging a path for a more secure, and transparent world.

8. Corporate Blockchain

Corporate Blockchain is now valued by corporations, helping entities to store and transfer information in a much faster way.

9. Blockchain growing at a CAGR of over 63%

Blockchain grew at a CAGR of over 63% this year and is expected to continue its massive growth until 2025.

10. Blockchain and Environmental Concerns Addressed

Environmental concerns regarding the blockchain have been addressed, and corporations and developers are now working towards a green blockchain, making the technology applicable at scale.

11. The Metaverse is here to stay

The metaverse is now finally real, allowing individuals to experience social interactions in a virtual world. This will create infinite economies and opportunities for stakeholders of the Web 3.0.

Join the Paris Blockchain Week Summit now to learn more about the industry! Should you be interested in NFTs, be sure to check out the Paris NFT Day!

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