Blockchain is revolutionizing the concepts of money, businesses, and consumerism. With the development of more secure, easier-to-use, and effective technologies, the blockchain industry has gained the confidence of the masses. The adaptive technologies are attracting the finest of innovations and emerging as lucrative investment opportunities.
Not long ago, the market was flooded with investors, investing in almost anything closely related to blockchain. However, the recent market correction has induced a sense of fear amongst the investors resulting in a sudden drop in liquid within the industry. Leveraging these market conditions, titan tech investors have strengthened their grip on the blockchain by running new rounds of investments.
In the article ahead, we are going to understand the reasons behind these investments, who are making them, and the effect that these investments will bring to the blockchain space.
Why are Business Giants Investing in Blockchain?
Blockchain technology has become the core of decentralized finance by automating the regulation through code. This was the first time that people could transact their assets with zero intervention and control of the governments. A technology that has the potential to transform the entire value transfer mechanism could be foundational to future tech. The top guns of tech businesses have been monitoring the latest blockchain developments and trends closely to cope with the trendy technologies.
However, the present bearish market has given them adequate space, time, and potential returns to enter the blockchain world. A sudden rise of investments in the blockchain world is a result of ideal market entry conditions backed by the quality of innovation happening in the blockchain space.
Top Global Companies Investing in Blockchain
The time has come when global business leaders are not shying away from investing heavily in blockchain businesses. Here is a detailed list of companies that are investing millions of dollars in the blockchain without breaking the news.
Alphabet Inc. (Google)
From being one of the largest to one of the most profitable business organizations in the world, Alphabet Inc. needs no introduction. Alphabet is the parent company of Google and its other sub-divisions. Being at the core of the internet, Google is leading the entire tech world excluding the blockchain. However, with its recent rounds of investments, Alphabet is trying to fill this gap.
Investing over 1500+ million USD in Fireblocks, Dapper Labs, Voltage, and Digital Currency Group, Alphabet has become a dominant investor in the blockchain world. Covering the spheres of blockchain gaming, crypto custody, and lighting, Alphabet’s investments are diversified over multiple sectors. This indicates the potential that Google is seeing in the future of blockchain technology. Read More...
