What are traditional big companies building on Ethereum?

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MarsBit
02-14
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Here is the English translation of the text, with the terms in <> retained as is: Over 50 non-crypto native companies have already built products and services on the or networks. From fashion giants like Louis Vuitton and Adidas to financial powerhouses like Deutsche Bank and PayPal, the innovative practices of these companies are reshaping the landscape of the crypto industry. Notably, the crypto businesses of these traditional large companies are not focused on common market infrastructure such as crypto trading, custody, auditing, and compliance, but rather on specific crypto infrastructure and use cases, such as (NFTs), (RWAs), developer tools, and networks. Among the 20 financial institutions building crypto-specific infrastructure and applications, 10 are banks, and most are actively issuing on . This report aims to delve into the pioneering and leading use cases of among traditional enterprises and institutions. In this report, the crypto industry can be broadly divided into three main segments: - General infrastructure: Companies providing products and services related to cryptocurrencies and blockchain, which are not unique or exclusive to the crypto industry, such as common market infrastructure (e.g., exchanges, market makers, asset management) and general business support (e.g., banking, accounting, consulting, compliance). - Crypto-specific infrastructure: Companies providing products and services that are unique and exclusive to the crypto industry. For example, companies involved in mining, staking, and building on-chain oracles, whose infrastructure is custom-built for the cryptocurrency and blockchain space. - Crypto applications and applications: Companies building consumer-facing applications that run fully or partially on the blockchain. For example, decentralized exchanges that can automatically execute crypto transactions on the blockchain without relying on third-party intermediaries. Today, traditional companies are no longer limited to expanding their existing applications and service suites to support cryptocurrencies, but are actively innovating new products and services that can only be realized through blockchain technology. Furthermore, at least 55 of these companies are building on public blockchains such as and networks like
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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