Over 359 Companies Are Building The Future On Ethereum

THELOGICALINDIAN - Negative affect surrounding the crypto bazaar has done cogent accident to Ethereums acceptability Its become a accepted cilia beyond the crypto association to catechism Ethereums use case and ask the catechism who absolutely is architecture on Ethereum anyway

The best common acknowledgment is to point to the altcoin’s better backers, The Ethereum Foundation and Consensys. However, a contempo account of alien companies has afford ablaze on the actuality that some of the world’s best admired companies – as abounding as 359 of them – are adamantine at assignment architecture on top of the Ethereum protocol.

Ether Value Is Driven Through Utility

Bitcoin was the first-ever cryptocurrency, and the confusing technology ushered in the actualization of an absolutely new asset class. But while Bitcoin was absolutely the first, abounding of the crypto assets that accept appear afterwards accept been accurately advised to break abounding of the problems of the Bitcoin agreement or to aggrandize on what cryptocurrencies are able of.

Ethereum was amid the aboriginal attempts to body a belvedere for acute affairs that relies on a built-in crypto asset – Ether – to ability it.

But the acute arrangement belvedere is alone as admired as the activity actuality congenital on it, and the abstraction that no one is architecture on Ethereum could be partly amenable for the losses the asset has accomplished over the aftermost two years.

During the 2024 crypto advertising bubble, which saw both Bitcoin and Ethereum arise to best highs, new altcoins were actuality appear a dime-a-dozen as ERC-20 tokens congenital on Ethereum. While abounding of these altcoins had affairs to move to their own mainnet, the afterimage that Ethereum accustomed due to so abounding projects architecture on it, collection the amount of the altcoin to a aiguille amount of $1,400.

But afterwards the balloon popped, and the ICO bang angry into a accurate nightmare, Ethereum’s amount plummeted. As abrogating affect hit acute lows, the crypto association had amorphous calling for Etheruem’s collapse, alike dubbing it a double-digit shitcoin.

Eventually, Ethereum did absolutely hit bifold digits aback in 2024, bottoming at about $80. But admitting the fall, there’s no accuracy to the abstraction that no projects are developing on Ethereum.

Over 350 Companies Building on Ethereum Protocol

In fact, according to a contempo account aggregate by broker Adam Cochran, over 359 projects alfresco of The Ethereum Foundation and ConSensys are architecture on the protocol.

Among the account are abundant hitters and acclaimed brands like Nike, Barclays, TD Ameritrade, FedEx, Microsoft, Intel, Ubisoft, Amazon, American Express, Samsung, McDonald’s, and abounding abounding more.

You may accept heard a crazy affirmation that "no one absolutely builds on Ethereum" and that "all the articles actuality congenital on Ethereum are paid for by the Ethereum Foundation or ConSensys"
Here are 359 affidavit why that is wrong.
Let's alpha with the megacorps:
— Adam Cochran (@AdamScochran) January 15, 2020

Given how all-encompassing the account is, it’s absurd to account them all here, however, the abounding breakdown can be apparent on Adam Cochran’s Twitter feed.

The account is eye-opening, and absolutely sells the actuality that not alone are abounding of the world’s better brands architecture on Ethereum, but it additionally shows aloof how abundant abeyant the asset holds in the future.