1/ From prediction markets and decentralized social media to tokenizing real-world assets and tackling Africa’s energy crisis with bitcoin mining, and more… 

Here are 12 Crypto Use Cases having an impact on the world by the team at @bitwise

🧵👇

Bitwise is a trusted partner to individuals, financial advisors, and institutions, navigating crypto.

1/ From prediction markets and decentralized social media to tokenizing real-world assets and tackling Africa’s energy crisis with bitcoin mining, and more… 

Here are 12 Crypto Use Cases having an impact on the world by the team at @bitwise

🧵👇
https://twitter.com/BitwiseInvest/status/1770826464314736742

2/ XP: Ticketmaster, Minus the Gouging

XP is a ticketing marketplace built on Solana that’s doing away w/ the traditional model of buying & selling tickets.

The tickets are represented as NFTs.

The fees? Multitudes lower than on traditional ticket exchanges like Ticketmaster.

3/ XP (cont’d)

More than 34 million tickets to more than 110,000 live events are available on XP, ranging from Blink 182 & U2 concerts to MLB games at Yankee Stadium.

That’s 34 million tickets without Ticketmaster markups.

5/ Coinbase Wallet (cont’d)

On the other side, if the user already has a Coinbase Wallet, they simply tap the link & claim the money. If they don’t, the link lets them create one with a single click.

No fuss, no muss—just the simplicity of modern finance at your fingertips.

6/ Attestiv: Fighting Deep Fakes With Blockchains and AI

Attestiv combines blockchain tech and AI to authenticate digital photos, videos, docs, and more.

It’s like an automated notary that stores the unique characteristics of digital files on a blockchain for anyone to access.

7/ Attestiv (cont’d)

Today, Attestiv is being used to fight fraud in the insurance industry by authenticating and notarizing photos and videos related to insurance claims.

In the future, this type of authentication could be embedded in social media and news platforms.

8/ Farcaster: Social Media Built for Innovators

Farcaster is a decentralized social media platform.

With @farcaster,  your underlying social graph—the people, groups, and organizations you’re affiliated with—is stored on the Ethereum blockchain.

9/ Farcaster (cont’d)

An infinite number of companies can build apps that connect to this info, each w/ its own user experience, features, & policies.

If you don’t like the experience of one app you can move to another. The best part: Your followers & content move with you.

10/ Render: A Marketplace for Computing Power

Render connects suppliers and consumers of processing power with radical efficiency.

It’s the same simple, powerful logic that underlies giants like Airbnb and Uber, but with advantages that only crypto can provide.

11/ Render (cont’d)

A conventional company endeavoring to set up this kind of network would need to onboard thousands of GPU suppliers, validate them, & issue thousands of micropayments as compensation.

Instead, Render uses the blockchain to handle all that automatically.

12/ Gridless: Tackling Africa’s Electricity Crisis by Mining Bitcoin

600 million people across Africa don’t have access to electricity.

That’s because 1) it’s expensive to build power plants, and 2) to justify the cost, you need ways to sell all the electricity you produce.

13/ Gridless (cont’d)

Enter @GridlessCompute, a company that uses clean energy to mine bitcoin and helps subsidize electricity costs in rural Africa.

As a standby energy consumer, Gridless’s bitcoin mining helps make it economically feasible for energy plants to operate.

14/ Nouns DAO: An Online Community With a Bank Account

People have been gathering in online communities since the dawn of the internet. DAOs help them take action in the real world.

Example: @nouns, a DAO created in 2021, has raised $70 million via daily NFT auctions.

15/ Nouns DAO (cont’d)

100% of the auction proceeds are sent to the organization’s treasury, and NFT holders vote on how to spend it.

So far, they’ve funded a tier-one esports team, a feature-length animated film, and a Nouns-branded coffee shop in LA.

15/ Nouns DAO (cont’d)

100% of the auction proceeds are sent to the organization’s treasury, and NFT holders vote on how to spend it.

So far, they’ve funded a tier-one esports team, a feature-length animated film, and a Nouns-branded coffee shop in LA.

https://x.com/nftnow/status/1671729744709025793?s=20

16/ Ondo Finance and Superstate: Tokenizing Real-World Assets

What if you could trade real-world assets (“RWAs”) like bonds or real estate at the speed of the internet? 

Ondo Finance & Superstate are making that a reality by bringing RWAs onchain.

17/ Ondo Finance & Superstate (cont’d)

More than $4.3 billion of RWAs—commodities, equity, real estate—have been tokenized on blockchains through platforms like Ondo Finance & Superstate.

The Global Financial Markets Association projects that will grow to $16 trillion by 2030.

18/ Helium Mobile Network: Decentralized Wireless Plans for $20 per Month

Helium Mobile Network bundles wireless coverage (via T-Mobile’s 5G network) with a decentralized network of 5G WiFi hotspots powered by crypto.

The result? An unlimited data plan that costs $20 per month.

19/ Helium Mobile Network (cont’d)

Where does crypto come in?

@helium Mobile is powered by a network of individuals who are incentivized to operate the hotspots that power the network.

In return for setting up & running hotspots, they’re rewarded with MOBILE tokens.

20/ Stablecoins: The World’s Reserve Currency in Every Pocket

The average emerging market economy’s inflation rate is ~8%, and 58 countries have rates above 10%.

What’s worse, many citizens of these same countries lack access to basic banking services like a checking account.

21/ Stablecoins (cont’d)

Access to US dollars via stablecoins is a game-changer for those in struggling economies.

All you need to convert the plummeting Argentine peso to a stablecoin backed by U.S. dollars is a smartphone and a crypto wallet.

21/ Stablecoins (cont’d)

Access to US dollars via stablecoins is a game-changer for those in struggling economies.

All you need to convert the plummeting Argentine peso to a stablecoin backed by U.S. dollars is a smartphone and a crypto wallet.

https://twitter.com/circle/status/1732044656488468589?s=20

22/ Polymarket: Solving the Trust Problem for Prediction Markets

In a world where opinion polling has become notoriously unreliable, prediction markets provide a real-time, reliable source of what ppl really believe will happen.

It’s a way to put your money where your mouth is.

23/ Polymarket (cont’d)

@polymarket lets users wager on the outcome of events. You can bet on who will win the US election or when the next Fed rate cut will be.

The blockchain confirms all users have the requisite funds & directs payouts automatically based on the results.

24/ Bitcoin: Crypto’s Original Use Case

Warren Buffet called Bitcoin “rat poison squared,” Jamie Dimon called it a “pet rock,” and Larry Fink dubbed it an “index of money laundering.”

And yet, here we are.

Bitcon is a $1.3 trillion asset sought after by financial juggernauts.

25/ Bitcoin (cont’d)

So, how can you think about bitcoin’s utility in everyday life?

Consider the different markets that it is starting to disrupt: gold, emerging market currencies, global remittances, offshore wealth, and more.

26/ I’m particularly excited about some of these use cases. Yet I’m aware that these just scratch the surface.

I believe we’re on the cusp of discovering the crypto equivalents of Amazon, Facebook, and Google.

That’s what makes me so excited for the future of this industry.

🫡

4/ Coinbase Wallet: Sending Money via Text Message

Coinbase Wallet now lets you send any amount of money to anyone in the world for free.

All you have to do is generate a link in the app & share it through iMessage, WhatsApp, or whatever other communication platform you prefer.