Three Startups Leveraging Blockchain Technology and Crypto for Innovation
Three innovative startups—XOXNO Network, Build21, and Globees—are harnessing blockchain technology and cryptocurrency to create practical solutions in their respective fields. XOXNO Network is revolutionizing the ticketing industry with a user-friendly platform that recently launched its first product at a major event. Build21 aims to democratize real estate investment in Romania by offering small investors access to profits and voting rights through NFTs. Meanwhile, Globees is entering the lodging market as a competitor to Airbnb, focusing on eco-friendly and affordable accommodations. Together, these startups exemplify the transformative potential of blockchain technology beyond speculation.
Despite the speculative allure of cryptocurrencies, the real power of blockchain technology lies in its capacity to tackle genuine challenges and foster innovation in a decentralized way. Recently, three startups have emerged that are effectively utilizing this technology to develop practical solutions.
These companies operate on the MultiversX blockchain, renowned for its scalability and security. Justin Bons, the founder of Europe’s oldest cryptocurrency fund, has referred to MultiversX as the “technological Holy Grail of crypto.”
1. XOXNO Network Transforms the Ticketing Industry
The XOXNO Network has introduced its first ticketing Minimum Viable Product (MVP) during the Sense4Fit event held on September 7, which attracted over 6,000 attendees. Notably, only 1% of the participants were familiar with Web3 technologies, necessitating that the majority download a crypto wallet for the first time. The startup reported a successful launch, with over 1,000 tickets scanned within the initial hours.
2. Build21 Innovates in Real Estate
Build21, a real estate startup, announced its launch on September 24. The company plans to develop 21 residential projects in Romania, engaging investors and future residents through blockchain technology. Targeting small investors, Build21 offers direct access to profits and voting rights via NFT purchases. Co-founders Adrian Vasilescu and Raluca Negrea aim to present their first investment opportunity in 2025, projecting a 40% return within two to three years.
3. Globees Competes with Airbnb
Globees is positioning itself as a competitor to Airbnb in the lodging sector, having recently launched its first rental listings. The company focuses on providing eco-friendly and affordable lodging solutions while ensuring that the blockchain technology remains user-friendly, making it accessible for everyday users.
As blockchain technology continues to advance, startups like these demonstrate its potential to create innovative solutions that extend beyond mere speculation, paving the way for practical applications in various industries.
FAQ: Startups Leveraging Blockchain Technology and Crypto
1. What are the key startups mentioned in the article?
The article highlights three startups: XOXNO Network, Build21, and Globees, all of which are utilizing blockchain technology and cryptocurrency to innovate in their respective fields.
2. What is the XOXNO Network?
XOXNO Network is a ticketing platform that recently launched its first Minimum Viable Product (MVP) during the Sense4Fit event. It aims to streamline the ticketing process using blockchain technology and has successfully scanned over 1,000 tickets shortly after its launch.
3. How does Build21 utilize blockchain technology?
Build21 is a real estate startup focused on developing 21 residential projects in Romania. It leverages blockchain to offer small investors direct access to profits and voting rights through NFT purchases, aiming to democratize real estate investment.
4. What is Globees and how does it compete with Airbnb?
Globees is a lodging startup that aims to provide eco-friendly and affordable accommodations. It positions itself as a competitor to Airbnb by offering a user-friendly platform that simplifies the booking process while utilizing blockchain technology.
5. What is the MultiversX blockchain?
MultiversX is a blockchain platform known for its scalability and security. It serves as the foundation for the startups mentioned in the article, enabling them to build their applications and services efficiently.
6. What are the potential benefits of these startups using blockchain technology?
These startups aim to enhance transparency, security, and efficiency in their operations. By utilizing blockchain, they can provide users with innovative solutions that address real-world problems while fostering trust and decentralization.
7. When is Build21 planning to launch its first investment opportunity?
Build21 plans to offer its first investment opportunity in 2025, with an expected return of 40% within two to three years.
8. How does the article suggest blockchain technology is evolving?
The article indicates that as blockchain technology continues to develop, startups like XOXNO Network, Build21, and Globees are demonstrating its potential for practical applications beyond speculation, leading to innovative solutions across various industries.
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