June 22 (Cointime) - A new report by Coinbase has found that over 50% of Fortune 100 companies have been investing in crypto or blockchain initiatives since the beginning of 2020. The report, titled The State of Crypto: Corporate Adoption, also revealed that 70% of Fortune 100 companies with crypto initiatives were in the publicly launched stage as of Q2 2023.

However, regulatory uncertainty and the lack of clear rules for crypto and blockchain tech remain significant barriers to adoption, with 87% of surveyed executives indicating clear rules are vital for sustaining US leadership in the global financial system. The report also highlighted that NFTs are driving a surge in the retail sector's web3 initiatives.