Reputed tech firms directly or indirectly are occupied in building the Ethereum ecosystem. Especially, the rise of decentralized applications (dApps) and Non-Fungible Tokens (NFTs) over the past year contributed a lot in terms of bringing the star altcoin project to the mainstream. Whilst, the platform aims to become a decentralized app store in the near future, proponents across the market are hopeful of ETH’s price hitting $10k by Q1 2022.
Ethereum is Relentlessly Getting into Mainstream!
Several mainstream industries starting from the beverages industry to sportswear, reputed tech firms to small startups are leveraging Ethereum blockchain for different purposes.
Recently, portswear giant Nike has collaborated with RTFKT studios, a virtual shoe company that allows buying items through Ethereum protocol. Popular beverage company Pepsi has recently launched Pepsi Mic Drop on the Ethereum blockchain.
One of the crypto proponents had further mentioned a diverse range of industries that have adopted Ethereum in one or the other way. Whilst the majority of the standard organizations across the space are believing in this futuristic technology, big advancements are approaching to resolve the existing glitches.
Howbeit, a merger to Proof-of-Stake could probably take place by early 2022 which promises high-grade scalability and a reduction in gas fees. It would further open the doors for widespread adoption.
Interestingly, Microsoft’s blockchain director Yorke E Rhodes’s tweet is lately coming to the spotlight. Netizens and proponents are getting obsessed with that tweet.
As per his forecast, the Ethereum ecosystem is going to flourish in the upcoming couple of years. By 2023, the ecosystem is going to become the decentralized appstore. The entire appstore would generate massive revenue and would cut the gas fees.
Collectively, the way Ethereum ecosystem has been evolving is unusual in contrast to other cryptocurrencies.
It is focused on future-centric blockchain applications, hence upcoming merger would play key role in taking the platform to another level. If upgrade goes well in time, then ETH price would claim $10k by Q1 2021.