3 New Innovative Blockchain Projects
Blockchain projects are projected to add over $360 billion worth of value to companies by 2026. There are thousands of projects and startups that are developing with blockchain technology, and innovation is truly flourishing. But this can make it difficult for the average investor to know which one to support or invest in.
Here are a few projects that have caught our eye and look to provide innovative solutions for the next generation of finance.
DefiSherpa is a startup that focuses on collecting data from projects and protocols across numerous blockchains. Users can utilize the project to look up both historical and current data on things such as APR, total value locked (TVL), and more.
DYOR, or “do your own research” is a common phrase in the blockchain industry. It refers to the fact that investors should do their own research and look into the many investment opportunities made possible by blockchain technology. DefiSherpa looks to simplify and expedite the research process by providing all of the data and information in one place. The platform is designed to make the process easy for both new and veteran investors alike.
Solidly operates as a decentralized exchange (DEX) similar to Curve, one of the “blue chip” blockchain protocols. The blockchain project is built on the Fantom blockchain and it offers opportunities for investors to participate in liquidity pools and stake tokens. It separates itself from other DEXs by providing a built-in voting mechanism that can allow projects to incentivize liquidity for their own cryptocurrency.
The project was developed by longtime blockchain veteran, Andre Cronje. Andre is responsible for the creation of projects such as Yearn Finance, K33per, and more. The protocol introduced quite a few exciting features and was met with a lot of hype on its launch.
The Sandbox project looks to invent an early version of the metaverse using blockchain technology. Users can create their own universes and games that can become a stream of income for them. The platform allows others to build and monetize their work, creating an interesting economy and providing a look at what a real metaverse could offer.
The project is built on the Ethereum blockchain and encourages individuals to take ownership of their gaming experience by creating their own games, which can be also sold as an NFT.
Games are created using the project’s three features: VoxEdit, Marketplace, and Gamemaker.
VoxEdit allows individuals to create their own 3D gaming assets, the marketplace is where these assets can be purchased, traded, and sold, and the Gamemaker allows for players to create their own game by first purchasing a piece of land and then building upon that. It’s truly like letting a child play in the sandbox, with as much creativity that is available on this blockchain project.
Blockchain and cryptocurrency are often referred to as the “wild west” of finance, and for good reason. The majority of the space claims to be decentralized, meaning there isn’t a single regulatory body or organization in control. This can lead to the creation of scams or projects not living up to expectations. As always, be sure to DYOR when looking into potential investment opportunities, especially when it comes to volatile things such as cryptocurrency.
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