Whether you’re a seasoned investor or (bravely) looking to get into the crypto market now, there are a plethora of Web3 projects to invest in. While a number of these projects are still in the development stage, they have a good chance of becoming increasingly popular (and valuable) over time.
So, which projects are currently worth your attention?
Uniswap is a decentralized platform that focuses on two main points. One is incentive structure and the other is decentralized liquidity. The latter addresses a major issue in the crypto space. It eliminates the need to go through a centralized exchange and allows people to buy and sell crypto coins in a decentralized way.
As a decentralized exchange protocol built on the Ethereum blockchain Uniswap allows people to switch any ERC-20 token to another one. It also provides additional functions to users of the Ethereum network.
The Uniswap protocol includes Uniswap (V2) and Uniswap (V3). It also uses a multi-tier fee structure. The Uniswap V3 upgrade adds a few more levels of commissions. This will help users determine the risks of a transaction. It also allows for a wider range of participation levels in the exchange.
Uniswap aims to promote growth through its operations. Its new venture arm, Uniswap Labs, will invest in consumer-facing applications. It is led by Matteo Leibowitz, a former strategy lead at Uniswap. Leibowitz previously worked as a research analyst at The Block.
Using an oracle network, Chainlink provides secure access to real-world data and smart contracts. Chainlink’s Price Feeds are used by a wide range of decentralized finance applications.
Chainlink’s oracles aggregate price data from independent nodes. In exchange for providing high-quality services, users receive a token called LINK. The value of the LINK token is estimated to increase as more people join the network.
Chainlink’s oracles are currently registered on more than 1,000 data points, which provides the necessary infrastructure for many decentralized finance applications. Chainlink has forged partnerships with CF Benchmarks and Coinbase Cloud. This has boosted Chainlink’s market capitalization.
Chainlink’s new SCALE program will reduce the cost of oracle data on-chain, while boosting development. It will also provide early-stage projects with priority access to services. It will also incentivize more participants to join the network, thus splitting costs.
A Proof of Stake algorithm secures the Chainlink network. This algorithm connects external data sources on-chain and validates transactions. This is a form of tokenization and shields users from potentially fraudulent off-chain activities.
IMPT, or the Integrated Multimedia Platform for the Trade and Transfer of Energy, is an eco-friendly, decentralized carbon credit marketplace. The token has made its mark on the eco-conscious investing community with a pre-sale that has already raised $5 million.
The IMPT coin is a carbon credit marketplace that aims to reduce the carbon footprint of businesses and individuals alike. They have secured partnerships with global brands such as BMW and Walmart to help make this dream a reality.
They have a lot of smarts to offer. They boast of a number of features, including a global scoring system that will allow people to measure their carbon footprints and see how they compare to others. They also have a low cost fee structure and speedy transaction times.
The most interesting feature is the fact that IMPT will offer users a chance to buy and sell carbon credits. This will help the industry move towards a greener future.
In order to make a wise decision, you need to research the project’s features and functions. You should also check the currency’s performance and the project’s price movements. In fact, you should do this with any of the projects we’re writing about today.
LOKA is a gaming token, which is part of a play-to-earn gaming feature. In a nutshell, it allows players to participate in live experiences while earning coins to upgrade and create special NFTs. LOKA coin holders will also have the chance to vote on network governance decisions.
League of Kingdoms is an MMO strategy game that uses blockchain technology. It features an open play to earn economy, which allows players to earn coins by playing competitions, completing tasks, and building kingdoms. They also build alliances and battle enemy kingdoms. The game features 3D maps of real-world locations, and offers concurrent play.
LOKA has been developed to offer an unlimited breadth of possibilities to players. LOKA token holders will have the chance to direct strategic policy and vote on on-chain governance proposals, which will determine the future features of the game. The token will also serve as a currency and allow players to purchase in-game items. The token is not for sale with fiat money, but can be purchased through a number of crypto exchanges.
GameFi
Several years ago, GameFi was a hot segment in the video game industry. It was the portmanteau of “game” and “finance” and it introduced a whole new way to make money playing games. GameFi projects introduced in-game marketplaces and played with the P2E model to build a robust base of gamers.
However, the GameFi ecosystem is currently undergoing a transformation, bringing new players to the table. The new players focus on specific functions that are vital to maintain the health of the GameFi ecosystem.
The scalability of GameFi’s economic models is still under test. While some models are a success, others aren’t.
The most successful models have high-value tokens that are convertible into Bitcoin or Ethereum. They also have a decentralized marketplace that allows players to sell and buy in-game assets.
The first web3 economic model to gain traction in GameFi was the P2E (play to earn) model. The model was designed to build a base of gamers and a platform to facilitate the exchange of game tokens for real money.
However, while P2E’s success led to the launch of a number of GameFi projects, its long-term viability is uncertain. In fact, over 70% of GameFi projects are currently inactive. While some have been active for more than three months since last November, a majority have died within 30 days of launch.
Top games in the space such as Axle Infinity, The Sandbox and Splinterlands have all lost significant value in the current bear market, but remain valuable projects based on interest in web3 gaming.
Founded in 2014, Brave is a privacy-centric web browser that blocks trackers and ads. This is in addition to providing a virtual currency wallet that allows users to purchase NFTs.
Basic Attention Token (BAT) is a native cryptocurrency that is used by Brave browser. BAT rewards users for viewing privacy-respecting ads. It also serves as a monetization tool for publishers and advertisers. It is based on the ERC-20 standard. It can also be used in open-source decentralized exchange platforms.
The Basic Attention Token is designed to solve the inefficiencies of the digital advertising industry. It rewards users with frequent flier-like tokens, bounty, and tips.
BAT is also a native cryptocurrency used in Brave browser’s first global private ad platform. It is also a token for purchasing NFTs on Magic Eden. It’s also a utility token for the Solana and Ethereum blockchains.
Brave Wallet is a self-custody crypto wallet integrated into Brave browser. It allows users to buy, store, and manage NFTs. It also allows users to send NFTs to other crypto wallets and track market data.
Originally founded in 2013, Helium is a decentralized network of wireless devices. Its main goal is to build a reliable global network for Internet of Things (IoT) devices. Helium touts itself as the “people’s blockchain.”
The network’s primary component is a series of hotspots, each of which is operated by a Helium network user. These users are rewarded with HNT rewards for using the network. Some hotspots also earn money by serving as miners. A Helium app is available for both iOS and Android devices.
The network uses a “proof of coverage” mechanism to verify locations and validate network activity. This technology is unique to the Helium network. It is based on the HoneyBadger Byzantine Fault Tolerance protocol. It enables nodes to reach consensus and distribute rewards to the operators of nodes.
Helium is not the first company to use blockchain technology for Internet of Things devices. It is one of the few, however, to make good use of crypto technology. The company says it can solve privacy concerns by using a decentralized architecture.
In the past, Helium attempted to create an IoT network without using blockchain technology. It sold devices to budding entrepreneurs. However, the company soon ran out of money and had to turn to crypto technology to stay afloat.
iExec RLC is a decentralized computing service that provides easy access to computing resources. Users can rent their computing power and monetize their applications, datasets, and algorithms on the platform. In addition, iExec provides secure access to servers and data.
The iExec RLC platform uses the Trusted Execution Environment (TEE), a decentralized blockchain network that uses proof-of-contribution (PoCo) to verify the source of computing power. The PoCo protocol also includes Websensors, which are used to guarantee off-chain execution of each computation.
To support this, iExec has created a decentralized cloud infrastructure. The network relies on a distributed network of schedulers, who delegate tasks to workers. Workers then provide computing resources on demand. Each worker is rewarded with RLC tokens for the work they do.
The iExec RLC token is an ERC-20 compliant digital asset on the Ethereum blockchain. It can be traded on various exchanges. The RLC token serves as a settlement currency for all transactions on the iExec cloud marketplace. Moreover, it is used to pay transaction fees on the iExec RLC platform.
Final thoughts
According to data from Crunchbase, the total amount of money invested in Web3, which is widely regarded as the next generation of the internet, reached more than $23 billion in the year 2022. Despite the fact that venture capital firms appear to be slowing down the pace of their Web3 funding rush, Web3 continues to be one of the most interesting areas for VCs.
For now, the true investors in the Web3 space are the early adopters, with large numbers of institutional investors not having entered the space.
At Blockzeit we remain optimistic for Web3s future growth, long-term. And believe that this is the kind of innovative technological mix that could enable disruptive paradigm shifts in multiple sectors- from finance and social media to online shopping and beyond-that are more than just a minor improvement over what is currently available. In other words, Google, Meta (Facebook), Amazon and yes Mr. Musk,Twitter, should all be on notice. Change is coming.
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Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.
