Fortune 100 Companies Accelerate Web3 Initiatives, Report Finds

IconCryptoNewsTerminal Staff13 Jun, 2024

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Fortune 100 Companies Accelerate Web3 Initiatives, Report Finds

Recent report from Coinbase reveals a significant increase in Web3 projects undertaken by Fortune 100 companies. This surge, representing a 39% year-over-year growth, underscores the growing adoption of blockchain technology by leading businesses. Notably, 56% of executives from Fortune 500 companies reported ongoing development of blockchain-based initiatives, including consumer-facing payment applications. This trend highlights the growing recognition of Web3's potential to transform industries and enhance customer experiences.