Ethereum's Robust Application in Various Sectors: Accounting, NFTs, Privacy Networks, and Gaming

By: Isha Das

Ethereum is experiencing an increased rate of adoption in various sectors. Ernst & Young (EY), one of the 'Big Four' accounting firms, has unveiled OpsChain Contract Manager (OCM), a service for managing enterprise contracts via blockchain technology. Currently, the service operates on the Polygon proof-of-stake (PoS) blockchain and aims to transition to the Ethereum mainnet in the future.

In the digital art space, popular memes are being transformed into Ethereum NFTs. The 'Guy Explaining' Nightclub Meme is set to be auctioned as an Ethereum NFT following the successful auction of a dog meme for over $4 million. Meanwhile, Worldcoin has revealed a dedicated Ethereum chain, where 'verified humans get priority', signifying a step towards privacy-preserved networks.

Furthermore, Ethereum's gaming applications are also on the rise. The franchise of the blockchain game 'Ragnarok Online' is anticipated to make its entry to the Ethereum-powered Ronin gaming network later this year. These diverse applications of Ethereum underscore its versatility and how blockchain technology is gradually being incorporated into various industries, ranging from finance and digital art to privacy networks and gaming.