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Congrats to portfolio company NYDIG for being named on the third annual Forbes 50 list. Nearly half of the Blockchain 50 are based outside the United States; 14% are Chinese. New this year: venture capital firms, which as a group invested more than $32 billion in the sector in 2021.
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Cryptocurrencies like bitcoin and ether grab all the headlines, especially after booming last year and then losing more than $1 trillion in value since November. But in many ways, speculative cryptocurrencies are the least intriguing blockchain application. The most lasting impact will come as more and more multinationals integrate blockchains into their daily operations, unleashing untold efficiencies.
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