Exploring what we believe is going to be the next hot space in cryptoAbout your author: CryptoQuestion is an independent platform providing free resources for cryptocurrency investors. From an on-demand Q&A service to online courses, from books to our weekly Moonshot Monday podcast. Visit us at www.cryptoquestion.techWhen the crypto market recognizes a game-changing application, it moves fast. Look at what happened with NFTs (non-fungible tokens). Although the concept has been around since at least 2012, its acknowledgment by the wider crypto community and, more importantly, the world outside crypto only happened in 2020. Not only did everyone recognize the potential of NFTs and their many uses, from art to financial applications, but many of the NFT based cryptocurrencies were also quickly revalued. That revaluation resulted in an increase in market capitalization of 140% in 2020 (including new cryptocurrencies).Of course, we all want to be there at the beginning of a situation like this. As an investor, however, the chances of us investing in the next Bitcoin, Ethereum, or Cardano are slim. Our best chance of making money is to recognize the next big thing before the crowd does.So the billion-dollar question is, what is the next big thing?InsuranceInsurance is ideally suited to the blockchain. It is an old industry with a bad reputation of insurance companies happily collecting premiums and doing all they can to avoid payouts. Blockchain can change all that. Claims can be paid instantaneously based on predefined criteria made possible by smart contracts.The insurance industry is quietly working away on blockchain applications whilst pioneering startups have been eagerly setting up shop in the insurance blockchain space. The good news is the crypto community hasn\u2019t yet realized the full potential of insurance as an investment opportunity.These eager startups are not the traditional insurance companies you may expect to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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