While cryptocurrencies‘ most popular appeal is still their speculative nature—with investors and traders looking for life-changing opportunities—blockchain technology‘s true value lies in solving real problems and driving innovation in a decentralized manner.
On this aspect, Finbold encountered three startups that are leveraging this technology to build useful tools for the real world. These companies have recently launched, announced, or tested their solutions at scale, suggesting a growing momentum for utility-focused projects.
As their foundation, the three startups run their products and infrastructures in the MultiversX (EGLD) blockchain. The founder of Europe’s oldest cryptocurrency fund, Justin Bons, CIO of CyberCapital, called MultiversX the “technological Holy Grail of crypto.”
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Notably, the EGLD chain thrives by being the first to fully implement the three types of sharding, delivering the most scalable blockchain to date while keeping its decentralization and security. This makes MultiversX a solid foundation for these startups to build, innovate, and embrace demand, as follows.
XOXNO Network is innovating the ticket industry
First, the XOXNO Network launched its first ticketing Minimum Viable Product (MVP), supporting the fitness event Sense4Fit on September 7.
According to the XOXNO founder, the Sense4Fit Summit had over 6,000 attendees, of whom only 1% were “Web3 people.” As explained in a comment on X, 99% had to download a crypto wallet, xPortal, for the first time.
Interestingly, the startup believes the experience was mostly positive, with over 1,000 tickets scanned in the first few hours.
Build21 addresses real-world assets in the Real Estate market
In the meantime, Forbes Romania reported about a Real Estate startup, Build21, announcing its launch on September 24. According to the prominent finance news website, the startup “uses blockchain principles and infrastructure” and is also launching on MultiversX.
Build21 aims to develop 21 residential projects in Romania, involving investors, experts, and future residents through blockchain technology. The company targets small investors, offering them direct access to project profits and voting rights through NFT purchases.
Adrian Vasilescu, an engineer and entrepreneur, co-founded Build21 along with Raluca Negrea, who manages marketing and communication. The company plans to launch its first project investment opportunity in 2025, estimating a 40% return within two to three years.
This launch embraces the real-world asset (RWA) narrative, increasing its popularity among cryptocurrency investors following BlackRock‘s (NYSE: BLK) tokenization leadership.
Globees, the AirBnB competitor running on MultiversX
Finally, Globees stands out in the startup and crypto worlds as a potential competitor to AirBnB in the lodging industry. The company has recently launched its first rental listings, which are now live and operational, as announced.
Interestingly, Globees also bets on eco-friendly and cheaper lodging solutions as part of its brand. Moreover, the blockchain framework is initially imperceptive for everyday users, breaking the Web3 walls with the “real world.”
As technology develops, solutions like the three aforementioned will become more common in our lives. Blockchains are game-changing technology that, if properly scaled with security and decentralization, can become the solid foundation of innovative startups and use cases—beyond speculation.
