The cryptocurrency market continues to suffer since the last crash. While the leading crypto Bitcoin fell hard from its historical peak, most altcoins lost 90% of their value. In the process, many altcoin projects have also been cheaper than $1. However, crypto experts see potential for some Web3 and metaverse coins under $1. We have prepared altcoin projects chosen by experts for our readers.
Web3 and metaverse coins with potential
Lightest Blockchain Mina Protocol (MINA)
Mina Protocol is a minimal Blockchain created to reduce computational requirements to run DApps more efficiently. Also, its developers designed Mina so that its size remains constant despite growth in usage. The Mina network is quite small compared to Bitcoin’s 300GB Blockchain. Because it has a size of only 22 KB. That’s why it’s described as the world’s lightest Blockchain.
It also remains balanced in terms of security and decentralization. The project was changed from Coda Protocol to Mina in October 2020. The altcoin differs from many of the projects known as Ethereum competitors in terms of speed, size, and privacy.
A new foundation for Web3 Oasis Network (ROSE)
Oasis is the leading privacy-enabled and scalable layer-1 Blockchain network. It wants to provide a next-generation foundation for Web3. It combines high efficiency and low gas costs with a secure architecture. It also powers DeFi, GameFi, NFTs, Metaverse, Data tokenization and Data DAOs. With the smart contracts it has developed, Oasis enables communication between different projects in all these layers.
Oasis is pushing web3 forward, scaling and developing it from infancy to maturity. The altcoin has also garnered the support of top crypto industry backers. In this context, it recently announced the $235 million Ecosystem Fund to support projects to be built on the network. As the ecosystem’s technical contributor, Oasis Labs has partnered with companies like Meta, BMW Group Genetica and others to create platforms and products that improve individual privacy protection, data management and responsible data use.
An important project among metaverse coins is Gala Games (GALA)
Gala Games aims to take the game industry in a different direction by giving players back control of their games. The mission of the project is to make ‘blockchain games you’ll really want to play’. It gives players control of games and in-game assets with the help of blockchain technology. In this way, he plans to reintroduce creative thinking into games. The project, which has an important position among the metaverse coins, has GameFi projects such as Spider Tanks and Mirandus.
It is possible for players to own Non Fungible Tokens (NFT). It may also affect the management of games in the Gala Games ecosystem. Meanwhile, the voting mechanism allows players to influence which games Gala should develop and which games should receive funding. In addition to purchasing NFTs for certain games, Gala Games also uses its own token, GALA.
Spotify competitor Audius (AUDIO)
The developers originally built Audius on the POA network. But now it’s a decentralized music streaming protocol that lives in Solana. Audius entered the market to address the inefficiencies of the music industry, plagued by opaque music rights ownership and intermediaries standing between artists and their audiences.
Auidus was developed as a competitor to projects such as Spotify, which are used by millions of people around the world today. In this respect, it became the most popular Blockchain project in its field. The native token of the Audius platform is AUDIO. It is possible for artists to upload music to the platform that their fans can listen to for free.
Immutable X (IMX) created with STARK zk-rollups
Immutable X is the first layer-2 scaling solution for NFTs on Ethereum. The project claims to remove Ethereum’s limitations such as low scalability, poor user experience, illiquidity, and a slow developer experience. To achieve this, the developers built Immutable X with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum ‘all in one’.
Thanks to this technology, it is possible for users to create and deploy assets such as ERC-20 and ERC-721 tokens at scale. In this way, Immutable X aims to create a premium experience for users and developers alike. Your project focused on GameFi and other NFT-focused projects. That’s why, according to experts, it causes these projects to remain in the background at this time of discredit.
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