Ethereum’s goal is to empower creators and developers worldwide, thanks to its use of decentralised apps (DApps). Due to its public access and smart contracts, Ethereum quickly became the foundation for many projects. The fact it’s highly useful and versatile is why so many investors buy Ethereum.
Most cryptocurrency enthusiasts consider Ethereum the cryptocurrency of the future, which is why learning about it is essential.
If you’re a beginner in the world of blockchain, you’re in luck! We’ve compiled a list of some of the best types of Ethereum projects. These will allow you to improve your technical knowledge of the Ethereum architecture, ranging from DApps to smart contracts.
If you’re looking to create an NFT (non-fungible token) based game, Ethereum should be your starting point. This technology allows developers to create simple pay-to-earn games with many blockchain-based features.
Launching a blockchain game has a ton of advantages, like preventing theft through NFT proof of ownership and offering secure third-party marketplaces where users can safely buy and sell game assets.
Generally, blockchain games allow players to generate income through buying, selling, or breeding their NFTs. This is the recipe followed by the most popular Ethereum-based games, such as Crypto Kitties.
Imagine being able to verify the authenticity of luxury goods with a single barcode scan. Yes, that’s exactly what many Ethereum projects are attempting to do. Clients include luxury companies like LVMH and Prada.
Brands can create or use existing blockchain systems to record and authenticate their products. When scanned, only a legitimate item would fetch a result from the blockchain.
This technology could work wonders paired with smartphones, allowing users to verify products on the go.
The blockchain could also be used to track said products. Developers could create a connected system that delivers accurate real-time data of their shipment’s location.
This concept could also be applied to fleet tracking, lost luggage, and many other tracking applications.
Through Ethereum, users could theoretically verify a charity or a crowdfunding project’s legitimacy before making a donation.
This could also avoid rogue organisations and flunking crowdfunding campaigns by showing users where the donated funds are being used, allowing for better transparency.
The smart contract feature could also empower users, allowing them to block funds if these organisations and companies don’t make any sort of progress towards their promised goals.
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