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33 Blockchain Business Ideas: Unlocking Opportunities for Success

29 May 2023 updated
11 min

Table of content

In this fast-paced era of technological innovation, blockchain adoption has emerged as a game-changer across various industries. Based on years working in the niche, I’ve created a list of blockchain ideas to launch in 2024 that I’m going to share with you now.

This article offers the 33 best blockchain business ideas (based on my experience) to inspire you to launch a skyrocket business consistently.

But before I talk about blockchain startup ideas, let’s talk about why you should consider blockchain.

Top 16 blockchain business ideas

Why Consider Blockchain-Based Business Ideas Now?

Speaking of blockchain, I want to note that this technology has disrupted many spheres of traditional business operations. 

It doesn’t substitute traditional businesses but offers new ways of transacting safely, privately, and optimally. Because of these benefits, crypto business ideas face so much acceptance among private users and grow in popularity among business owners.

crypto business ideas

Let’s consider the primary advantages of implementing new business ideas with blockchain:

Security

With the rise of hackers, cybercriminals, and fraudsters, people have become more cautious about transacting online. Nobody wants to get their money stolen or their banking data intercepted and abused. Blockchain takes these risks out of transactions because of the transparency and immutability built into this technology by default. 

Accessibility

Blockchain revolutionizes people’s access to finance on a global scale. Previously unbanked or underbanked populations can get loans, complete financial transactions, and become lenders and borrowers in the democratized, decentralized blockchain market. Therefore, if you are a business owner, you reach out to large populations needing your services.

business ideas for blockchain

Flexibility

Some entrepreneurs don’t utilize the best blockchain business ideas because they live in locations with stringent limitations on financial transactions or business operations. Blockchain removes this barrier by giving a location-independent business opportunity to users and business owners, thus erasing the entry barriers for forward-looking businesses.

Blockchain Types

So, now that you have decided to implement blockchain business ideas, it’s time to pick the blockchain type you will start with. There are two generic blockchain types available to businesses today – private and public – both coming with peculiarities of use. 

Public vs. private blockchain

Public Blockchain

Public blockchains are well-known to millions of users. They include the world’s first blockchain projects, like Bitcoin and Ethereum. The meaning behind the term ‘public’ is the universal accessibility of their public ledger to any person around the globe. Anybody can use the blockchain for transactions, build projects on the public blockchains’ infrastructure, and utilize its resources without seeking authorization or permission. Because of these features, such blockchains have acquired the ‘permissionless’ status.

Private Blockchain 

As its name suggests, a private blockchain can’t be accessed publicly and is available only to authorized parties. It’s mainly meant for internal business use and is tied to specific business organizations. Such blockchains’ efficiency is higher compared to public counterparts, as they don’t use a complex mathematics-based consensus mechanism. Yet, these blockchains are more centralized than public blockchains; their use is justifiable for sensitive industries like healthcare, banking, or insurance, where privacy and data protection are the highest priorities. 

Hybrid Blockchain 

Hybrid blockchains give broader access to users, but their participation is possible only after an authorized authority’s approval. They are securer than permissionless public blockchains and function under strict regulations to give users the combined benefit of security and privacy associated with private blockchains, and the transparency users have in the public blockchain space. This blockchain type is optimal for supply chain management and financial operations.

Consortium Blockchain 

This blockchain type also belongs to the hybrid type, as it combines features of public and private blockchains and is operated by a set of organizations. Thus, consortia usually offer greater security and efficiency to users, while at the same time staying committed to the decentralization principles of public blockchains. This blockchain model is suitable for business industries where multiple parties need to access a single database, e.g., healthcare or supply chain management.

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Top 33 Blockchain Business Ideas

As you can see, the number of sectors in which you can try new crypto business ideas is pretty large. Now let’s explore a more concrete list of blockchain business ideas 2024 is ripe for.

#1. Green Energy Credits/Carbon Credit Marketplace

With the entire business world going crazy about carbon neutrality, ESG, and sustainability, building a carbon credit marketplace is a great business idea for 2024. That’s why the carbon credit market is expected to exceed $2.4 trillion by 2027, fueling further growth and diversification of market participants – marketplaces, exchanges, GreenFi projects, and trading platforms. 

The carbon credit market is booming now, with only a handful of GreenFi solutions launched to date and many more expected in the near future. The best-known blockchain representatives in this niche are KlimaDAO, Toucan Protocol, Moss, Nori, and DevvStream. Thus, you’re in a beneficial position if you start thinking about such a marketplace today, outperforming your competitors and quickly occupying a reasonable place in a not-yet-overcrowded niche.

#2. Crypto Bank/ Crypto Wallet

As cryptocurrency is a distinct type of asset, it cannot just land on a user’s bank account. 

Neither can it be cashed out in a local ATM. Blockchain-based digital assets require a special storage place, so you can enter the market with a functional and safe digital wallet product.

The sector already features many online and offline wallets, like Metamask, TrustWallet, Coinbase Wallet, Exodus, Ledger Nano X, or Mycelium. Still, new wallets are launched every day, offering new perks and innovative features to win a loyal customer base. 

My favorite wallet is Metamask. MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain. But you can add additional blockchain networks.

I use metamask for development, for any transaction in Ethereum, Polygon, or BS chain networks. You don’t need to generate a new address when you add a new chain.

#3. Crypto Payment Solution for eCommerce

The global eCommerce sector is growing in leaps today, and the 2021 market size of $4.9 trillion is expected to rise to $7.4 trillion by 2025. Ignoring such a lucrative industry is too short-sighted for crypto enthusiasts. So, you can make a fortune by giving millions of active shoppers an opportunity to pay for their goods with crypto assets. 

The conservative method many merchants have been using was a direct transfer to the seller’s crypto wallet. But that may be too risky or cumbersome for many. Thus, it’s time for automation and simplification of eCommerce crypto payments via third-party payment processors. There are not too many options available today; the most popular are BitPay, Coinbase Commerce, and CoinPayments.net. This means that the market niche is not overcrowded yet, and you can enter it with a bang by providing a user-friendly crypto payment solution. 

#4. Skill Verification System

Interesting crypto business name ideas emerge in the sphere of skill verification and simplify the process of candidate checks and recruitment in the job/employee search industry. Services like Infosys or Skillchain feature a blockchain-based repository of verified user credentials, allowing employers to consult the database and check their job candidates’ qualifications. 

#5. Fake Product Identification System

The best about blockchain is its immutability, meaning that all new data added to the system cannot be manipulated, forged, or removed. Besides, all new blocks follow the preceding ones in a strict chronological order, thus removing the possibility of tweaking the sequence. This technology found an application in the fake product identification industry. Each item received a unique entry in the blockchain, and its location was tracked across the entire supply chain. Once a customer wishes to purchase the product, they can use the QR code to track that item to the place of its origination, thus checking its authenticity. 

#6. IDO Launch Platform

As blockchain is a democratic, decentralized space where everyone has a voice, crypto launchpads have become extremely popular among users. One of the economically bulletproof blockchain startup ideas in 2024 is an IDO launch platform – the one startupers can use to connect with users and attract crowdfunding for their projects.

IDO stands for the Initial DEX Offering, which is a platform where every new crypto project can gain publicity and be financed by retail investors. With the help of IDOs, people with limited budgets get access to early-stage project financing that was previously reserved only for large investment funds and venture capitalists. The success of IDOs has been enormous in the past few years because of the ROI they give to users; for instance, the average ROI of DAOMaker users is over 400% a year, while Seedify has provided its investors with 390%+ ROI. GameFi’s ROI also approximates 300%, and the users of Polkastarter boast of 230%+ ROI. Thus, as you can see, IDO participation is booming now, and your IDO project is sure to receive much attention. 

#7. Blockchain Bridge

Though the blockchain world is gradually moving to cross-chain interoperability, it’s still far from reality. Today’s blockchains are technically incompatible and don’t support direct data exchange to enact smart contracts in each other. So, for a smart contract to be executed based on the off-chain data, it needs to retrieve that data from the external environment and be “translated” in its code via a bridge. 

Blockchain bridges are a step toward a multichain crypto-universe, so people’s demand for them will grow steadily. You can pick this idea and develop a frictionless cross-chain bridge to jumpstart a profitable blockchain business. However, you need to take security seriously; a $323 million theft due to Wormhole vulnerability in February 2024 taught users a bitter lesson. 

#8. Blockchain-Powered Investing Platform

The crypto trading and investment market was only $800 million in 2020, but its size is projected to rise to $5.2 trillion by 2028 – only in eight years. As you can see, the pace of this market’s growth is breathtaking, exceeding 29% a year. Millions of retail investors join the market every year in an effort to claim a fair share of the booming industry. You can reap the benefit from its fast growth as well by setting up a smart, innovative investment or trading platform for crypto assets. The range of opportunities in this area is tremendous; apply AI and ML algorithms for Algo trading, teach investors and traders, and provide brokerage services. Any idea will do unless you’re a complete trading rookie.

#9. Savings and Lending Application

In traditional finance, one can find it hard to get a loan because of the absence of previous records and a lack of an officially verified, stable source of income. However, blockchain uses more advanced and intelligent algorithms for projecting a person’s paying capacity. Thus, previously unbanked populations get easier access to crypto loans. 

The demand for crypto lending grows, with over $49 billion of TVL in the world’s top lending platforms today. At the beginning of 2023, there were over five million unique addresses using DeFi apps, which means a 40X growth since 2020. So, you can also set up a borrowing/lending platform to render these highly demanded services to clients. Get inspiration from the philosophy and looks of Zopa, Prosper, or Lending Club to develop your unique market offering; it will be a risk-free investment with a guaranteed revenue stream in 2024. 

#10. Decentralized Cryptocurrency Exchange

DEXs are gaining increasing popularity in the crypto space because users are concerned about the superficial nature of decentralization and privacy provided by centralized exchange hubs. The number of DEXs is growing day by day, and the TVL exceeded $30 billion in early 2024. 

Still, each of them comes with a unique set of features and appealing functions. Thus, new businesses can quickly enter this market niche by creating a perfect mix of features needed by crypto users. 

#11. Play to Earn Game – p2e

Play to Earn Game

Just fancy: Axie Infinity earned $400 million last summer, with its daily trading volume exceeding $32.8 million a day, higher than that of Ethereum Foundation. The number of crypto wallets registered in P2E games in the summer of 2021 experienced a 600% growth, meaning that the market will develop at an immense pace further. The market is booming, so you can also join it with a fascinating game, appealing in-game tokens, and a realm of P2E activities for avid gamers. Otherwise, you can tokenize the assets of an already existing game to speed up your market entry and reduce the entry costs.  

#12. Blockchain Casino

Blockchain Casino

Cryptocurrencies continue dominating the gambling industry – the one projected to rise to $158+ billion in 2028, 2.5 times higher than the market size in 2020. It’s easily explained by the need for privacy and anonymity in this sensitive entertainment sector. Gambling restrictions can also be lifted with universal access to crypto-assets and anonymous wallets. Thus, crypto gambling is here to stay, and you can claim a share of this generous pie with a neat-looking, secure casino featuring many exciting games with stakes in cryptocurrency.  

#13.  Subscription-based Payment Gateway

The world’s leader in subscription-based payment services – Stripe – exceeded $95 billion in market cap at the end of 2021. This figure shows that SaaS businesses look for flexible and affordable payment solutions like Stripe, and the crypto world is not an exception.

So, one of the top blockchain SaaS ideas in 2024 is a subscription-based crypto payment service allowing seamless API integration and safe, seamless crypto payment processing.

#14. DeFi platform

Total Value of DeFi Market

The DeFi market is rich in startup ideas. You can figure out a lending/borrowing, yield farming, or staking platform and launch one without extra hassle with fast and reliable blockchain development solutions from pros. What represented a humble niche with a $10 bn market cap in 2019 was a vibrant DeFi universe topping $100 billion in 2021. In 10 years DeFi market value increased more than 8 times, from 10 billion dollars to 83 billion. Thus, investing in the market in which top U.S. investment funds and VCs hold their focus is a good blockchain innovation idea for 2024.

#15.  Metaverse

Metaverse

Metaverses remain the booming blockchain trend of 2024. We don’t mean that you should invest time and money into creating one; it’s a grand, multi-billion-dollar project that not every tech giant can handle, let alone blockchain SMEs. But you can join the metaverse market by providing related items and services. 

The most trending blockchain project ideas include virtual events, learning and shopping services for metaverse users, social media coverage, ambassadorship, NFT sales, gaming, and advertising. You can even lease your virtual real estate or create a virtual travel agency – everything becomes possible in these new virtual economies (expected to boom, by the way). A hyping use case is the provision of meta rooms, like Meta’s Horizon Workrooms, which can serve as helpful virtual spaces for team coworking.

#16. Crypto exchange platform

Millions of people, from retail investors to large funds, are interested in trading cryptocurrencies today. This can be best done at one of the existing crypto exchanges – centralized or decentralized – that allow users to set up accounts, deposit money, and start earning on the volatile cryptocurrency rates. By the end of 2021, the daily trading volume on such exchanges exceeded $112 billion, and the figure is expected to rise in leaps. 

The most popular crypto exchange platforms are Coinbase, Binance, Bybit, Huobi, Gemini, Qmall and Kraken, among others. Still, new projects emerge every day to give users better trading conditions, lower fees, and greater liquidity. You can also enter this market with a bang by setting up a robust platform for crypto exchange. The key to success is easy entry, frictionless KYC, sufficient liquidity, and variety of supported coins. 

#17. Micropayments

Modern users spend a fair share of their incomes on subscriptions, and many of them are not used to a full degree. Some people may need only one film instead of watching movies non-stop, and others need service only from time to time rather than having 24/7 access to it. Blockchain now offers a more flexible and affordable approach to managing subscriptions – micropayments. 

The micropayment concept is not new; it entered the financial sector in the 1990s but didn’t acquire massive use until recently. It allows making small payments below the minimal threshold, thus solving the problem of excessive transaction fees for small payments. One example of such a service is uRaiden – a platform that allows free ERC20 transfers, thus simplifying small payment transfers without huge gas fees.

#18. Wallets for Self-Driving Vehicles

Digital wallets using blockchain technology are getting more and more popular. There’s no need to develop blockchain from scratch, as this technology already exists and finds new use cases every day. One of the innovative ideas is a wallet for self-driving vehicles; it’s an opportunity to add even more automation to the driverless vehicle sector. Users can link their crypto wallets to the self-driving car provider’s system, and the vendor may deduct the sum of money charged for the time of the vehicle’s use once the vehicle gets parked. Though this technology still requires fine-tuning, it promises a much greater level of convenience and privacy to the users of these services.

#19. Blockchain Parking Networks

Blockchain has also found a promising application in the sphere of public parking. It gives an added advantage of vacant parking lot verification in real-time. It provides a quick and paperless opportunity to book the parking lot even before the driver arrives at it. This way, users who connect to the blockchain-based parking network get the advantage of convenient and affordable parking, which may be an optimal solution for drivers in big cities with heavy traffic and limited parking space.

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#20. Blockchain-Based Video Streaming

Video streaming giants like Netflix or Amazon reap huge profits from subscriptions and sometimes pose pretty limiting terms for the users and content creators. Blockchain-based streaming services can solve this problem by guaranteeing secured, shared video storage and end-to-end video content encryption. This way, content owners enjoy robust ownership rights protection and transparency in payouts, while users can establish direct relationships with content creators and pay for their content without third-party oversight and control.

#21. Decentralized Cloud Storage

The main aspect of blockchain product development is the provision of decentralization and a peer-to-peer arrangement of activities in the apps, platforms, and other resources. This is what decentralized cloud storage can ensure; traditional cloud storage providers hold centralized control over all data and tools that an individual or business hosts in the cloud. Thus, along with flexibility and unlimited cloud capacity, users still enjoy only limited freedom and control of their data. 

A cloud provider can refuse or block access to the data at any time, leaving well-established businesses without their critical data. Otherwise, an attack on the cloud provider may ruin the data storage and compromise data integrity for thousands of service users, which will never happen on blockchain due to the decentralized, fragmented data storage.

#22. Employee Credential Verification System

If you’re thinking of how to build a blockchain that would simplify the HR processes in your company, we have good news – it’s already fully possible. The HR departments of large companies often spend too much time on employee or candidate credential verification; they need to check the authenticity of diplomas, course certificates, and other credentials relevant to the vacancy. With the introduction of blockchain, both HR recruiters and job seekers can benefit from the innovative systems of educational credential verification. It’s technically possible to award an authenticity stamp or tokenize a diploma in the form of NFT, which makes it simply verifiable.

#23. Hotel Vacancy Management Tool

The tourism and hospitality industry can also take advantage of blockchain; it’s now possible to develop blockchain applications to address the problem of over-booking and booking errors in any hotel. This technology ensures that booking can occur in real time without delays and overlaps between several tourists. Besides, the blockchain ledger makes all booking history accurate and immutable, thus giving the hoteliers a low risk of error and adding transparency to the booking process. However, the application of blockchain technology in this industry still faces a major limitation of complicated processing of cancellations. The blockchain’s key strength – immutability – is the main bottleneck for the proper arrangement of bookings and cancelations, so it’s a task to be resolved by blockchain architects in the near future.

#24. Tokenized Real Estate

Real estate used to be a non-liquid business niche, with owners of real estate property needing to freeze their money in large objects without the ability to use those funds in investment or other business activities. Blockchain has revolutionized the real estate market by making property fungible; this way, an owner of a large office building or commercial storage can tokenize their object and sell those fractions to interested users while maintaining ownership control over their property. 

Real estate security token offerings (STOs) are nothing new, with the first successful $18 million STO launched by Aspen Coin in 2018. As of the middle of 2023, the tokenized real estate market was evaluated at $200 million, accounting for a massive 40% share of the digital securities market. Thus, the sector is growing exponentially because of: 

  • Low entry barriers for real estate owners and interested investors.  
  • Low transactional costs. 
  • Added liquidity for the real estate market. 

With all these benefits in mind, real estate owners should definitely consider real estate tokenization in 2024. It’s an innovative way to preserve your property while enjoying the liquidity of funds invested in it.

#25. Healthcare Records Management

Since the transition of medical records to EHRs, the majority of patient data is stored in the cloud, which is a cost-saving measure ensuring speedy access from any authorized medical entry point. However, cloud-based storage is vulnerable to hacks and breaches, putting millions of people’s privacy at risk. Blockchain offers a new security standard for financial data storage and access and is viewed as a solution to balancing privacy and ease of access to EHRs among a variety of medical professionals.  

The 2024 statistics showed that the blockchain market in healthcare already reached $760 million in size, which is expected to grow into a $14+ billion market by 2032 (a CAGR of 34%). Thus, the use of blockchain technology in healthcare is the trend expected to continue in 2024. The best-known innovative dApps for healthcare record management include Medicalchain, Akiri, BurstIQ, Guardtime, and many more. Given the 20% GDP spending on healthcare in the USA and mounting healthcare expenditures worldwide, investing in a healthcare dApp is a wise idea with sound commercial potential today.

#26. Blockchain-Based Voting System

Online voting has been gradually adopted over the past decade due to many people’s inability to be present at the voting points on the day of elections. This solution was considered a legitimate, accurate, and safe option for many, though concerns about large-scale vote manipulation are still looming. Blockchain is repeatedly offered as a secure system for organizing e-voting, as its smart contract technology may exclude the risk of manipulations and duplicate voting. Blockchain-powered voting systems can perform more accurate user verification and ensure accurate voting records while protecting voter privacy. 

The market for voting dApps is not that saturated yet, with only a couple of notable projects, including Voatz, Follow My Vote, and Votem. However, as the number of blockchain use cases grows and blockchain use becomes more widespread in various industries, voting can become yet another industry with massive potential, and you can join it with a robust, safe, and functional dApp in 2024.

#27. Intellectual Property Rights Registry

Blockchain possesses unique potential benefits for intellectual property (IP) offices due to the transparency and immutability of its public ledger. The present-day IP registration process is often costly, slow, and insecure, with many potential IP breaches awaiting a startup awaiting a patent. With blockchain introduction in this sphere, the tedious process of IP registration can be made faster and more efficient; besides, data stored on the blockchain is easily verifiable in terms of creation time and authorship, which can help resolve the pressing issues with unregistered IP rights, design rights, and copyright. 

Significant steps have already been made in that direction, with the WIPO PROOF service launched in 2020 to provide date- and time-stamped digital fingerprints for files and the European IP register on blockchain (EUIPO) released in 2021. Other innovative dApps in this niche include The Trade Mark Room Blockchain app and a Nicosia-based company, BLOCK.CO, offering time-stamping trademark registration services. Yet, the niche is too young to be overcrowded, which promises you great competitive chances if you decide to create a blockchain app for IP rights registration in 2024.

#28. Blockchain-Based Identity Verification

Digital identity verification is one of the most demanded activities today. Millions of users join thousands of services and apps every day, and the services’ legal compliance is impossible without proper KYM/AML procedures. Therefore, the global blockchain identity management market is projected to rise to $35 million by 2028 compared to only $1+ billion in 2023. The most significant players in this business niche are SoluLab, BlockID, SecureKey, and Civic, among many others. Yet, as investments in cybersecurity are expected to rise further, you’re sure to carve a niche for your new digital identity verification startup in 2024.

#29. Food Traceability System

As the global supply chain is getting increasingly complex and people are more concerned about food safety, food logistics requires new solutions. Blockchain can become the much-demanded option for enhancing food items’ traceability across the entire supply chain, from its manufacturing to the moment of purchase. In addition, food traceability apps can optimize the existing supply chains and uncover the unnecessary complexities that can be removed to make food logistics more sustainable. Finally, food authentication and tracing are effective measures against counterfeiting and fraud in the food industry.

As of 2024, the market of blockchain apps in agriculture and food supply was only $254 million, but the sector is developing at a whopping CAGR of 45%+, projected to rise to $5+ billion by 2030. Many global food supply leaders, including Nestle, Walmart, TagOne, and Tyson Foods, have already implemented blockchain-based tracking systems. Software solutions for food tracking include Kezzler, Ripe.io, Transparent Path, and Wholechain, among others. Thus, your startup in the field of food supply tracking is sure to be in demand and popular in 2024.

#30. Blockchain-Powered Education Platform

Online learning is a relatively young yet established industry that has recently transformed how education is delivered, giving access to educational opportunities to huge numbers of underserved populations. Blockchain takes yet another step forward in the educational niche by adding gamification, tokenization, and transparency to the learning process. Platforms like BitDegree, Blockcerts, APPII, and Parchment have already become wildly popular, and many more are launched every day to meet the growing demand for innovative, personalized education.  

The demand for blockchain-powered educational platforms is high, with the market already growing to $118+ million in 2021 and continuing its expansion at a CAGR of 43%+. This tendency gives us an estimate of a $3+ trillion market by 2030, a niche that’s definitely worth joining in 2024 for massive returns.

#31. Blockchain-Based Sports Betting

The global sports betting market is one of the biggest entertainment sectors by size, exceeding $83 billion in 2024 and growing steadily at a CAGR of 10%. Blockchain and cryptocurrencies are also integrating fast in the sports betting industry to add flexibility, access, and transparency to this niche. Users are exceptionally attracted to p2p sports betting opportunities that Web3 enables, thus removing the need to pay high broker fees. 

One of the recent Web3 betting platforms with immense success is SX Bet – a p2p betting exchange with many exciting features. Other promising projects include the Augur platform, Bethereum, Betrium, and Betprotocol, among others. Without a doubt, gambling and sports betting are here to stay, and you can launch a blockchain-powered sports betting platform in 2024 to hop on this fast-moving business train.

#32. Charity and Donation Tracking

The charity and donation industry is driven by good causes, but many projects face friction and donor distrust because of the lack of transparency on the distribution of donated funds. That’s why the sector requires more traceable and transparent solutions that would help drive investment into socially, economically, culturally, and environmentally significant projects. In line with the growing demand for transparency and accountability in NGO operations, the blockchain market in the NGO sector is projected to surpass $2.7 billion by 2028. Many international charity organizations like UNICEF, Salvation Army, and Breast Cancer Support have recently started accepting crypto donations. Services that enable crypto donations for established organizations include Giftcoin and Luxarity, among others, and many more are expected to enter the stage in 2024.

#33. NFT marketplace

NFT Trading Volume

The crypto world is appealing for millions of users because of the inherent monetary value of cryptocurrencies, tokens, NFTs, and other digital tokens circulating it. Millions of crypto fans, traders, and investors want to gain revenue from this business, choosing centralized exchanges (CEXs), decentralized exchanges (DEXs), and NFT marketplaces to buy, sell, and exchange assets. 

Whatever type of DAM you plan to create, mind the cross-blockchain trend that guides 2024. People look for seamless experiences without frictions and huge commissions for cross-chain transfers. As an example, the two most popular NFT marketplaces – OpenSea and Rarible – support the use of only three blockchains. Thus, you can enter the world of NFT with a bang by offering a more universal cross-blockchain marketplace. 

So, if you’re attracted by the DAM idea, it’s time to act without wasting a single minute in this fast, competitive market. 4IRE offers a white-label NFT marketplace solution that incorporates multiple blockchains and can reduce your time-to-market to 3-4 weeks. 

Conclusion

As you can see, the use of blockchain is booming now, with numerous crypto business names and ideas popping up in the online space every day. One thing is for sure – blockchain is here to stay for years, with new spheres of its application giving businesses and users unprecedented opportunities. You can also win a fair share in this emerging market if you explore the rich blockchain potential and develop an innovative project giving its target users some unique added value.

FAQ

How can I earn from blockchain?

Earning options are numerous in blockchain; users monetize their trading talent or multiply their earnings by investing in promising projects. Business owners can also get revenues from issuing their branded tokens and internal cryptocurrency of the project, earning as the project develops and the price of their coins grows. You can also earn on transfer fees, staking, mining, and DeFi yield farming. 

Which blockchain platform is the best?

The platform’s choice depends on your budget, expectations, and business sphere. Ethereum still tops the list as the world’s most popular blockchain platform for dApp creation, despite scalability issues and high fees. Polygon, Solana, Polkadot, Avalanche, and Binance Smart Chain are other popular choices. 

How do businesses use blockchain?

Thousands of companies across the globe use blockchain technology today to create added value and increase trust in their services. Blockchain ideas for business can remove duplication of effort, optimize the use of resources, enhance the security of online operations, and give clients the desired privacy and protection within any business system. 

How much does it cost to build a blockchain?

The cost of your blockchain project will depend on different factors. If you want to create a brand-new blockchain ecosystem, it may take years and millions of dollars to launch. If you want to create and launch a project based on the existing blockchain, the cost will range from $5,000 for a simple MVP to several hundreds of thousands for its full-scale implementation. 

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