Talking about the companies that take advantage of the Bear market to enter the crypto space, I think there are lots of them. This list provides us with some of the company that enter the crypto space this bear market.
Alibaba Group
Alibaba Group's cloud computing unit released new services for NFT platforms for users outside of China, as reported in June 2022. Alibaba Cloud provides content delivery, web hosting, and digital marketing.
Walmart
In January 2022, Walmart Canada used a novel blockchain solution to improve its supply chain. The system reduced disputed invoices from 70% to 1% and reduced the manual effort devoted to payables and receivables. In addition, carriers received timely payments.
In December 2021, Walmart filed for several trademarks involving blockchain, its own cryptocurrency, NFTs, and the metaverse. The organization is also reportedly preparing to become a player in the spaces of two Web3 technologies: NFTs and cryptocurrency.
McDonald's
In February 2022, McDonald's filed applications for ten trademarks describing its plans to offer digital-based products, including virtual restaurants. The company has also reportedly created 10 NFTs.
Nike
Nike acquired next-gen collectibles startup RTFKT Studios in December 2021 to provide collectibles that combine culture and gaming. Nike launched CryptoKicks NFT along with RTFKT in April 2022. CryptoKicks is a customizable sneaker collection based on the Ethereum NFT metaverse. Prices for these sneakers range between $4,000 and $9,500, payable in cryptocurrency. Some of these blockchain-based digital sneakers are selling for over $100,000 on the online platform OpenSea. The company, along with RTFKT, plans to help other designers and influencers launch their own CryptoKicks skins.
Tesla
In April 2022, the electric carmaker Tesla, the payments firm Block, and the blockchain company Blockstream announced their collaboration to mine bitcoin with solar power — an energy-intensive process — in Texas.
Amazon
In January 2022, Amazon announced that it provides Blockchain-as-a-Service for enterprises interested in utilizing blockchain. Amazon Managed Blockchain is an entirely-managed service for producing and managing blockchain networks using open-source frameworks. At present, it supports the Hyperledger Fabric open-source framework.
Walt Disney
Walt Disney announced in July 2022 that it chose Blockchain Polygon as the anchor for its Web 3. The company also selected 2 other blockchain-related firms: Flickplay, which acts as a social media platform for video NFTs, and Lockerverse, which is an e-commerce platform specializing in filing trademarks for NFTs to take part in Walt Disney's accelerator.
Walt Disney launched a blockchain platform named Dragonchain in 2014, which has been described as "a distributed crypto ledger framework protocol that makes it easy to create cost-efficient business networks where virtually anything of value can be tracked and traded."
PepsiCo
In July 2022, PepsiCo Labs collaborated with 6 startups to promote sustainability in its European supply chain. One of these startups, Security Matters, deploys blockchain technology to identify, sort, and pack waste. PepsiCo intends to use Security Matters' blockchain solutions to track recycling and verify sustainability claims.
FinancialsCommonwealth Bank Australia
In November 2021, Commonwealth Bank Australia (CBA) allowed its customers to buy, sell, and hold crypto assets directly through the CommBank app. To this end, CBA entered partnerships with the crypto exchange and custodian company Gemini and the blockchain analysis firm Chainalysis. In 2022, CBA intends to launch more features for their customers, allowing them to access up to 10 chosen crypto assets, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
China Construction Bank
In June 2022, China Construction Bank entered into a partnership with Singapore-regulated ADDX, a blockchain-based private market exchange, enabling domestic investors in China to invest abroad.
Bank of America
Bank of America (BofA) offers a global payments platform and blockchain expertise to its clients. The bank publishes its digital asset research in a report entitled 'Digital Assets Primer: Only the first inning,' which provides an investment framework for the digital asset landscape.
BofA has hundreds of patents on blockchain, but it isn't allowed to engage in crypto, according to its CEO in August 2022. According to BofA's CEO, the bank could engage in crypto on the trading side but not on the cryptocurrencies side as regulations don't permit it.
Wells Fargo
Wells Fargo, along with Citigroup and BNY Mellon, is investing in the institutional digital asset technology provider Talos, which aims to remove "the barriers to wide-scale crypto adoption," according to a May 2022 report.
JPMorgan
Since 2015, JPMorgan Chase has evolved in the blockchain space, and the bank did not slow in this area in 2022. In February 2022, it became the first bank to set up its services in the metaverse by launching the Onyx lounge in Decentraland, a blockchain-based 3D virtual world browser. In May 2022, the bank tested using blockchain for collateral settlements. In June 2022, the bank indicated it planned to bring trillions of dollars of tokenized assets into decentralized finance (DeFi), as mentioned by the head of Onyx Digital Assets.
HealthcareRoche
In January 2022, NHS Wales and Roche Diagnostics entered into a partnership with Digipharm to use its blockchain platform to achieve better healthcare outcomes. The platform will enable shorter wait times for patients, sustainable procurement policies, quicker diagnostics, and a fair payment structure for the services offered.
Tech, Media, and TelecomSAP
In March 2022, SAP and Unilever launched a blockchain pilot, GreenToken, to increase traceability and transparency in Unilever's global palm oil supply chain.
China Mobile
In March 2022, Blockchain-based Service Network (BSN) announced the inclusion of "Zhong Yi Chain," developed by China Mobile, in its open-permissioned blockchain ecosystem to bolster the growth of home-grown NFTs. The new chain serves users on the BSN-Digital Distributed Certificate network, an infrastructure that allows NFT issuance in China without involving cryptocurrency transactions.
Tata Consultancy Services
Tata Consultancy Services announced in March 2022 that it is working on several metaverse projects, including a "virtual bank" for retail transactions and an NFT marketplace using its own blockchain solution.
Adobe
In March 2022, Adobe added support for the Solana and Polygon blockchains to offer NFTs on its art platform, Behance. These two blockchains are more resilient than the Ethereum blockchain because Behance had previously enabled NFTs. Through its Content Authenticity Initiative, Adobe has taken steps to combat fake NFTs in cooperation with NFT marketplaces such as OpenSea, SuperRare, KnownOrigin, and Rarible.
Apple
By the end of 2022, Apple plans to enable a feature of crypto payments through "Tap To Pay." The owners of iPhone models XS and higher will have the option to complete all their transactions wirelessly by using near-field communication technology.
In addition to Apple Pay, contactless credit and debit cards and other digital wallets will be able to conduct transactions without using any additional hardware or payment gateways.
Meta
Despite extensive criticism of NFTs and the crypto space in August 2022, Meta announced a rolling out of NFT support for Instagram. It will continue to develop the digital collectible feature which was piloted on Instagram in more than 100 countries in the Asia-Pacific, Africa, the Middle East, and the Americas. Through this initiative, the firm is expanding its blockchain support.
Oracle
In May 2022, Oracle announced native NFT support on its market-leading enterprise blockchain, "Oracle Blockchain Platform." Oracle released a blockchain app builder for the Oracle Blockchain Platform, v22.2.1. The release supported NFTs modeled per the ERC-721 specification but contains extended enterprise-focused benefits and capabilities.
Qualcomm
In March 2022, Qualcomm set up a $100M fund for Metaverse Investments. The fund will target developers building immersive extended reality experiences in areas such as gaming, health, education, and entertainment.
Salesforce
In June 2022, Salesforce rolled out its closed pilot program for a new service, NFT Cloud, despite uncertainties in the crypto market. This allows users to manage NFTs for marketing and branding activities.
NVIDIA
NVIDIA launched a program to support artists and content creators who focus on building virtual worlds and products that enrich users' experience in the metaverse. In January 2022, the company announced a series of partnerships focused on sharing metaverse-related content. A few of the company's first deals contain TurboSquid, Sketchfab, CGTrader, and Twinburu.
Energy & UtilitiesExxonMobil
In March 2022, it was reported that ExxonMobil was running a pilot cryptocurrency mining program powered by excess natural gas from oil wells in North Dakota.
The company later reached an agreement with Crusoe Energy Systems Inc. to take gas from oil wells in North Dakota to provide on-site power to crypto mining hardware.
Basic Materials & IndustrialsAmerican Express
American Express plans to launch its first crypto rewards credit card on its network in late 2022. The company partnered with a crypto wealth manager, Abra, and will transact in USD. They will also offer crypto cash back on any purchase category and amount.
Mastercard
Mastercard and Nexo launched a crypto-backed payments card in April 2022. Mastercard also reached an NFT payment deal with Coinbase in January 2022. Through partnerships like this, Coinbase customers will be able to use Mastercard credit and debit cards to make purchases in the crypto company's upcoming NFT marketplace.
UPS
In April 2022, it was reported that UPS planned to venture into the metaverse and submitted applications to the US Patent and Trademark Office. The applications included several virtual and NFT goods and services.
Visa
Visa launched a series of crypto-enabled cards in partnership with several fintech start-ups in Latin American countries in June 2022.
PayPal
PayPal launched a service enabling users to buy, hold, and sell cryptocurrency, allowing it to be a funding source for digital commerce for its 26 million merchants. In June 2022,the company allowed customers to transfer crypto from PayPal to external wallets.
Source:
https://www.blockdata.tech/blog/general/the-top-100-public-companies-using-blockchain-in-2022