These 3 startups are using blockchain technology and crypto to innovate

While the most popular appeal of cryptocurrencies is still their speculative nature – with investors and traders looking for life-changing opportunities – the real value of blockchain technology lies in solving real problems and driving innovation in a decentralized way.

On this aspect, Finbold came across three startups that are using this technology to build useful tools for the real world. These companies have recently launched, announced or tested their solutions at scale, indicating growing momentum for utility-focused projects.

As a basis, 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.”

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 maintaining decentralization and security. This makes MultiversX a solid foundation for these startups to build, innovate and embrace demand as follows.

XOXNO Network innovates the ticketing industry

First, the XOXNO Network launched its first Ticketing Minimum Viable Product (MVP), in support of the Sense4Fit fitness event on September 7.

According to the founder of XOXNO, the Sense4Fit Summit had more than 6,000 participants, of which 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 overwhelmingly positive, with more than 1,000 tickets scanned in the first few hours.

Build21 focuses on real assets in the real estate market

In the meantime, Forbes Romania reported on a real estate startup, Build21, which announced its launch on September 24. According to the prominent financial news website, the startup “leverages 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, founded Build21 together with Raluca Negrea, who manages marketing and communications. The company plans to launch its first project investment opportunity in 2025, with a 40% return expected within two to three years.

This launch embraces the real-world asset (RWA) story, 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 world as a potential competitor to AirBnB in the lodging industry. The company recently launched its first rental listings, which are now live and operational, as announced.

Interestingly, Globees also focuses on environmentally friendly and cheaper accommodation solutions as part of its brand. Furthermore, the blockchain framework is initially unnoticeable to regular users, breaking Web3’s walls with the ‘real world’.

As technology develops, solutions like the three mentioned above will become more and more common in our lives. Blockchains are a breakthrough technology that, if scaled properly with security and decentralization, could become the solid foundation of innovative startups and use cases – beyond speculation.