We’ve come a long way from the days when we were all asking, “what is the blockchain”? The digitally distributed and decentralised public ledger has truly upended our world.
Whether you look in one direction towards the continued onslaught of innovative crypto projects, or in another direction towards the ever-greater sophistication of the metaverse, it is evident that the blockchain and decentralised finance (DeFi) industries have got us reimagining and transforming the world in ways we might have struggled to predict just a few years ago.
But what about you; will 2023 be the year you launch a blockchain business quite unlike any project you might have contemplated until very recently?
If so, the below business ideas are just a few of those you could find yourself working on and promoting with the help of a well-connected blockchain PR agency like Bitcoin PR Buzz. So, let’s take you through them.
A blockchain wallet
If you have physical cash on you, it goes without saying that you will want to have the right wallet to carry it in. Similarly, the millions of people around the globe who now own crypto assets will be reassured by having a suitably functional and safe place to store them.
There are many popular crypto wallets on the market today, including the likes of MetaMask, Trust Wallet, and Mycelium Wallet. Perhaps you might be inspired by their example to launch a crypto wallet that offers just the right mix of innovative features and tempting perks?
A blockchain-powered investment platform
Amid expectations that the size of the crypto trading and investment market will be north of $5 trillion by 2028, it is clear that many opportunities potentially exist for enterprising people to launch innovative platforms for the trading of, and investment in, crypto assets.
Whether you are drawn to the possibility of offering brokerage services, teaching traders and investors, or even drawing upon artificial intelligence (AI) and machine learning (ML) algorithms for algo trading, there is a lot of scope to come up with new and interesting ideas for such a platform.
A saving and lending application
A classic drawback of traditional finance is that the lack of previous records and an officially verified, stable source of income can serve as a major bar to someone obtaining the loan they might require.
The more sophisticated and intelligent algorithms that are central to the blockchain, however, can allow for the easier and more accurate assessment of a given person’s ability to pay back borrowed money. This, in turn, could present considerable scope for you to set up a crypto borrowing and lending platform that will see healthy client demand, without placing you at undue risk.
A blockchain casino
With the online gambling industry worldwide being worth some $565 billion, this is an industry ripe for interventions from new and innovation-minded people.
This is a sensitive sector where restrictions are often in place, so it shouldn’t be too great a surprise that a lot of gamblers are drawn to the privacy and freedoms that universal access to crypto wallets and anonymous wallets can offer. Perhaps, then, you might look to tap into such interest this year, with the launch of your own blockchain casino allowing crypto fans to easily have a flutter?
A play-to-earn (P2E) game
P2E games represent another frontier of the ongoing blockchain revolution in many people’s lives. Big rises have been observed in the numbers of crypto wallets registered in P2E games, with titles like Axie Infinity and Splinterlands firing imaginations and proving their worth in the Web3 space.
So, with such strong foundations in place, 2023 could be an excellent time to aim for your own slice of the booming P2E gaming market. If you are looking to minimise your entry costs and accelerate your entry into the market, you might be particularly drawn to the idea of tokenising the assets of an existing game.
The above are just a few of the possibilities that show the seemingly endless scope for success with a blockchain business – or several – during 2023. And if you are eager to ensure all the right people get to know your blockchain business so that you can power its growth, you could do no better than joining forces with our own renowned blockchain PR agency.
Send us an email now, via [email protected], if you have any questions about how our press release service can help maximise the impact of your next blockchain-based project.