Dismayed by 2022 scandals, we searched for projects that fulfill the ethos of crypto, which is to solve a problem. Our reporting uncovered innovative, useful, valuable ideas around the globe that we are proud to call CoinDesk's Projects to Watch 2023.
has polled Americans about their exposure to cryptocurrency. The percentage of people who have “ever invested in, traded or used a cryptocurrency such as bitcoin or ether” has remained roughly 16% since 2020. But this spring, Pew sought to identify how people feel about crypto. Among the 88% who have ever heard of cryptocurrency, 75% are “not very or not at all confident that cryptocurrencies are reliable or safe.” Only 6% are very confident.
To state the obvious, 2022 was the antithesis of crypto, which was invented as a remedy in 2009 to broken global financial systems and not to make sharks and charlatans rich. Bitcoin made peer-to-peer transactions possible, bypassing banks that make the transfers slow, costly and intrusive. By solving the trusted-mediator problem, bitcoin allowed transactions to be quicker and cheaper and therefore more accessible.
Then the team explored the merits of projects aiming to solve the identified problems. From a list of more than 35 projects, we selected 19. Some haven’t launched yet, others have been around for years. Funding ranges from bootstrapped to tens of millions of dollars, to undisclosed support from a parent foundation or project. We didn't put a lot of restrictions or parameters on these projects. Crypto organizations come in many forms .
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