Five Crypto Projects To Look Into
November 15, 2021 (Investorideas.com Newswire) 2021 has been a great year for blockchain and cryptocurrencies, following an impressive 2020 that saw the industry receive more institutional support than ever. That made 2021 the year to build on this foundation, which saw lots of ambitious projects in the market constantly stretching our imaginations on what this technology can do. Here are the top five crypto projects that have proven that the blockchain can offer more than bitcoin gambling to enthusiasts.
1. Polkadot $DOT x Kusama Network $KSM
Polkadot has always been at the forefront, where most projects have been launched on its platform even before the realization of the parachains. Currently, Polkadot is on parachains and what is now left is the explosion of the project to new heights. Some of the Polkadot projects already in the market are;
Commonly referred to as the test net for Polkadot, Kusama provides a conducive environment for the growth of various Polkadot projects.
Polkastarter is a platform that assists in cross-chain and token pools. The Polkastarter platforms ease the process of raising capital from a decentralized, interoperable, Polkadot-based environment.
Exeedme is a gaming platform aimed at creating revenue streams for users of the forum. Exeedme harnesses the power of non-fungible tokens (NFTs) and decentralized finance (DeFi) to give gamers tokens and put more money into their skills. That's achieved with the native XED token. Exeedme was launched on Polkastarter.
2. XDC Network
XDC Network is a blockchain project network that's EVM compatible, powered by a scalable XiFin Delegated POS (proof of Stake) Conesus mechanism. The network cuts transaction fees by 95% and facilitates two-second transaction finality. XDC is also an open-source system, scalable and cross-chain compatible. Additionally, it consumes 3 million times less energy than what's needed by Ethereum-based PoW mining operations. That makes it more environmentally sustainable and energy-efficient.
A use case of this network was recently demonstrated by Tradeteq, an institution creating technology for the distribution of bank assets. The company executed the first finance-based NFT (non-fungible token) in the world using the XDC network.
The XDC network has existed for around two years now, and it has been improving in every stage. Recently, the developers announced a potential upgrade on the network, hinting towards a new network with attributability, accountability, and forensics capabilities. The users' positive feedback and continuous updates make the XDC Network among the top projects to follow closely in the coming months.
3. Verasity $VRA
The primary purpose of Verasity is to save the almost dying advertising industry with its game-changing Technology that protects the company from failing. The bot has secretly gained access to the industry, affecting its running. Verasity has plans to provide a solution to that.
The CEO of Verasity, RJ Mark, has been working hard to prove his case through esports fight clubs. He has been in partnership with huge names in the esports community to expand Verasity's reach.
Verasity has applied to patent its NFT verification technology in addition to its patent video technology. Non-fungible tokens are hard to find, but there is no clear way to verify the legitimate minted NFTs since anyone can come up with one.
NFT space can serve as another source of finance through the Verasity patented technology. They have secured a spot in the growing industry. Verasity is currently available on the Ethereum network.
4. Ethereum Swarm
Originating from the Ethereum Foundation, this blockchain project extends Ethereum in the computer world as the Web3 operating system. In this project, Ethereum and its smart contracts represent the processor, while Swarm takes care of messaging and hard disks to provide content creators with scalable infrastructure and sovereignty.
The crypto project is resilient to technological forces, human error, legal/ political issues, and economic pressure while returning data owners to individuals and shifting the costs from the developers to consumers. That saves innovative start-ups money and time, allowing them to scale faster without setting up funds for deployment needs.
5. Nafter App $NAFT
NAFT is a cryptocurrency that focuses on delivering crypto services in the user's local area. They have been able to ensure that they can increase the value of the NAFT token by giving it practical applications. NAFT has come up with a blueprint to increase its adoption.
The Nafter app launch creates a platform where the creators can get more personal interactions with the fans by minting their own NFTs on the app where their followers can purchase. One of the possibilities of this app is the trading feature which is expected to be huge.
The recent launch by the NAFT team is $NAFT staking pools which enable adapters to stake their tokens and get returns of APYs. Nafter is available on pancakeswap, and according to the coinmarketcap, $NAFT is currently trading at $0.062.
With several months remaining in 2021, there are still several blockchain and crypto projects that investors and developers can look up to. Nonetheless, these five projects are worth watching for anyone looking to earn an income or develop an innovative foundation for other projects.
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