- The crypto space experienced significant growth in 2020. The rally led by Bitcoin will likely be remembered as 2020 heralds the start of a mega bull rally. Extreme platforms and projects have won great victories. In addition to Binance’s acquisition of CoinMarketCap and FTX’s acquisition of Blockfolio, there are many exciting projects in 2020, among the basic protocol upgrades and new products coming to the market.
The crypto space experienced significant growth in 2020. The rally led by Bitcoin will likely be remembered as 2020 heralds the start of a mega bull rally. Extreme platforms and projects have won great victories. In addition to Binance’s acquisition of CoinMarketCap and FTX’s acquisition of Blockfolio, there are many exciting projects in 2020, among the basic protocol upgrades and new products coming to the market.
Looking to 2021, there are many reasons for surge, especially because of the evolving infrastructure that bridges the gap between the old financial system and the thriving digital economy. Here are four crypto companies to consider next year.
Leading payment platform Skrill will celebrate its 20th birthday in 2021, and as a huge fan of cryptocurrencies with CEO Lorenzo Pellegrino, it is expected to introduce a number of new features to help more users get involved. Pellegrino, CEO of Neteller and Income Access at Paysafe, stated that as a result of the Covid-19 outbreak in August, more people switched to seamless digital payment solutions. “Even when cash-based money transfer options are reopened, it is unlikely that preferences for digital options caused by the pandemic will decline,” he said. Skrill allows users to open a free account and instantly convert 40 fiat currencies into digital assets such as Bitcoin, Ethereum, and XRP. They can also identify buy and sell triggers and take advantage of over 100 deposit methods using the Skrill app.
Skrill has no choice but to strike in 2021, as rival payment platforms Square and PayPal have also upgraded their latest games – first through Cash App, and secondly by announcing support for digital assets in October.
MANTRA DAO is an interoperable platform for staking and lending digital assets. MANTRA, a community-managed, cross-chain defined protocol, is part of Polkadot’s expanding ecosystem as it uses RioChain, a Substrate-based blockchain known for its interoperability. Listing the native OM token on major exchanges this year and becoming a Polkadot validator node, MANTRA will see the launch of its proprietary lending protocol and a MANTRA stabilcoin in 2021.
Interoperable staking pools are also likely to be of great interest: MANTRA has released three to date. And it enabled users to mine OM tokens for liquidity by providing liquidity. To date, over 100 million OMs have been staked locally, and the community will look forward to the addition of new interoperable pools next year.
MANTRA recently completed the sale of 88 limited edition Fungible Token (NFT). As the digital resource economy (game products, digital art, etc.) grows day by day, it seems obvious that this will not be the last. The biggest proof of this is that an NFT program is connected to a multipurpose defi platform.
Cartesi helps developers build scalable dApps using the Linux operating system and known software stacks. Later this year, the project began the implementation of Descartes 2.0, an SDK that will offer a variety of optimistic roundups with interactive conflict resolution on Cartesi’s architecture. Optimistic rebounds will allow transaction data to be packaged and made available on Ethereum. This is something that will help Cartesi tackle one of the blockchain’s most pressing and persistent problems – scalability and high fees. With the top 20 Ethereum-based dApps actively searching for recovery solutions, Cartesi seems poised to be a major beneficiary by taking the burden off the chain.
2020 was a turning point for Jelurida, the software development firm behind Ardor and Nxt blockchains. In June, it was announced that at the height of the epidemic, the Austrian government will take advantage of the Ardor multi-chain architecture to facilitate secure communication between authorities, institutions and citizens, especially regarding data exchange on COVID-19 tests. The same government also funded HotCity, a sustainable energy project launched in Ardor in May.
It will deal with Jelurida’s solutions with a series of new projects being built on both platforms, and possibly post-covid management, which has been the focus of many governments’ attention. And it will be exciting to see how the next year will evolve for the project. Of course, corporate use is only part of this. The company recently developed an on-chain version of the Bridge on its sub-chain Ignis. And Jelurida Director Lior Yaffe opened the door to tokenized games. Can we see more than that in 2021?
Whatever happens in the crypto industry in 2021, these four companies will we believe it will continue to make headlines.