The blockchain market has been able to soak up the headlines the past two years, but the sector still has a lot to do to be able to break through the current mainstream consciousness. Most of it being the fragmentation of the industry having the different coins in the market offering various benefits to investors. Plus, also the fact that each coin is able to feature some of its own communities.
With all this happening, the sector seems to be aware; thus, it is slowly bridging a gap that will be able to enter the market of the mass market appeal. A new trend is also emerging in the market where charitable organizations are being established, which will help the blockchain technology to reach the massive market potential.
Binance has a new BCF, Binance Charity Foundation, which was established with the aims of utilizing the blockchain technology in helping alleviate the developing countries around the globe. Other platforms like TRON, which is a blockchain based operating system have banked on their technology to help.
It is clear there is a social movement that is taking place to bring about the needed change with the use of the blockchain technology, and this is in the public and private spheres. Thus, the crypto and blockchain technology is apparently changing the ways that charities operate within the market.
Justin Sun, the current CEO of TRON, recently made headlines with his donation of about $3million to the BCF fund, which leads to a further discussion of the announcement plus the growth that is taking place in the blockchain technology.
His Motivation To Donate On The BCF Platform
The network for the TRON company has been adequately designed to ensure that intuitions or individuals do not gain some short-term profits, rather the platform was established to ensure they make the internet to be decentralized.
As a result, with such a mission in place it is clear the company is not profit-seeking, instead, it aims at giving the needed rights like transparent and data rights that belong to the people.
According to him, TRON went ahead to donate $3 million to ensure they have shown their support to the BCF and Binance platform. And the common goal for the company is to ensure they use the blockchain technology for the social good of the community.
Could There Be A Deeper Partnership With Binance Happening?
He states that both companies are open to different types of collaborations; thus the contribution of TRON to the BCF platform is a very good example of this.
He is very confident that new and innovative ways will be developed to ensure both companies are able to work together in advancing the blockchain technology within the market.
His Thoughts On The Bakkt
With the establishment of a platform like Bakkt clearly shows that the mainstream financial institutions finally understand the crypto market and they are ready to embrace it.
He states that they are very excited to see the trend growing and be able to encourage the traditional financial institutions to also join in on the development.
What Is Needed For The Crypto Market To Move From Bear To Bull?
What is essential is to ensure real work is achieved within the market. As many individuals around the globe are still holding a misconception about the market and the crypto industry. Thus, for the investors within the industry need to ensure they are working a little harder as this will show the skeptical individuals that this technology is able to change lives.
He believes that this would be a central factor to turn the market from the bear to a bull market. With the virtual machine at TRON up and running, they are welcoming more developers to work with the company in developing several premium dApps.