The founder of Altcoin Daily, Austin Arnold, has announced that five crypto projects will soon go mainstream. According to Arnold, recent business developments are helping to facilitate the move for these projects.
The first project he mentioned is Ethereum, and his reasons were due to the announcement that Amazon Web Service has added Ethereum on the Amazon Managed Blockchain. According to the announcement, Amazon made a move to enable developers to utilize Ethereum’s smart contract platform.
By making the crypto available, AWS customers can provision Ethereum nodes faster to connect to both Ethereum public networks and its test networks. Through the Amazon Managed Blockchain, the customers can securely utilize the Ethereum blockchain.
Altcoin Daily Founder Sheds Lights on Projects Expected to Go Mainstream
The second project on Arnold’s list is VeChain (VET). This project is a supply chain management tool that facilitates the transfer of value from smart contracts to smart money. Arnold announced that VET is going mainstream because a global aluminum company, Hydro in Norway, started a pilot service on VeChain to document all of its product claims.
The next project on the list is Curv. This project is a wallet based in the clouds, and according to a news report, an anonymous disclosed that PayPal would soon purchase it.
The fourth project on Arnold’s list is Theta Network. Theta is a decentralized project that facilitates video and data content delivery. According to a news report, Sony’s European subsidiary plans to run a node on Theta Network.
The last project on Arnold’s list is Hex Trust. Hex Trust is a provider of bank-grade digital assets custody. The project is insured and licensed to provide such services.
According to Arnold, Hex may be going mainstream because it announced a launch of its first fully-licensed custody service for NFTs –non-fungible tokens.
To support the recent launch, Hex Trust states that NFTs are increasing in popularity, and as such, there’s a need for a secure custody service to hold the tokens.
According to Hex, the demand and price of non-fungible tokens are rising every day. As such, it is vital that institutions and collectors find a way to hold and insure their assets.
To ensure this haven for NFTs, Hex even upgraded its platform to integrate fully on many blockchain platforms. They also upgraded the token standards to include Ethereum and related ERC-721 & ERC 115 token standards.