128 days ago • cryptodaily
Best Disrupting Crypto Projects to Watch in 2023
2023 has brought forth a promising array of young projects that are capturing the attention of enthusiasts and investors alike. These breakthrough initiatives encompass a diverse range of areas, offering innovative solutions to some of the most pressing challenges faced in the virtual space. From an innovative social media gamified approach and decentralized personal identification system to advanced infrastructure solutions for seamless interaction with the blockchain, these projects are paving the way for a more accessible, secure, and interconnected crypto ecosystem.
As the world continues to embrace the potential of blockchain technology and cryptocurrencies, these five projects stand out for their ambitious visions and disruptive approaches. With a shared commitment to pushing the boundaries of what's possible, they hold the potential to redefine how we engage with the digital realm and leverage the power of decentralized networks. In this exploration of the most noteworthy young projects in the crypto industry for 2023, we delve into the cutting-edge innovations that are shaping the future of finance, identity management, and decentralized applications.
Cheelee, a Web3 GameFi short video platform that rewards users for watching the feed, changes the way people make money on social media.
Cheelee uses the Attention Economy concept to give everyone a new way of earning an income and a living wage, regardless of age, occupation, or socioeconomic background, and has the potential to redefine the social media industry while helping solve the problem of job automation by AI.
"Cheelee is a game-changing Web3 GameFi short video platform that reshapes the landscape of social media platforms and rebalances the power which was earlier concentrated in the hands of platform owners, bloggers and advertisers. Our platform is not just about watching short videos; it's about empowering users to become more active in their virtual journey," CPO Cheelee Yury Kardonov explains.
To inspire new users to learn its money-making mechanisms, the app gives them a free pair of Starting Digital glasses. Users that upgrade these glasses can increase their initial investment by more than X2. Cheeleers manage to earn up to several thousand dollars monthly with this tool, as seen from their reports on the platform's socials.
Cheelee is going to blow up in 2023 with its governance token, $CHEEL, which has been steadily increasing in value and shows great promise because of its limited supply, high utility, and possible access to almost 5 billion social media users around the world. Cheeleeis already available on App Store and Google Play.
Meet Worldcoin, a unique cryptocurrency project with a mission to verify people's identities online and combat the problem of bots and fake virtual profiles created by AI. Their special system, Proof-of-Personhood, works by scanning your eyes to ensure you are who you claim to be, preventing multiple accounts and stopping fraud.
"A very central one is, how can you prove that you are a real human (not a bot) and have not yet claimed your free share of the currency, without revealing personal information about yourself like your name or email. Making this work in a scalable and fraud-proof way is hard," explains Alex Blania, co-founder of Worldcoin and Chief Executive Officer (CEO) of the project.
Founded in 2019 by Sam Altman (CEO of OpenAI), Max Novendstern, and Alex Blania, and supported by venture capital firm Andreessen Horowitz, Worldcoin uses a distribution method similar to universal basic income (UBI) to encourage users to join their network. They offer their cryptocurrency as a reward to users who get their iris scanned using Worldcoin's orb-shaped iris scanner.
Worldcoin has been highly successful in raising funds, starting with $25 million in October 2021 and an additional $100 million in just six months, boosting the token's value to an impressive $3 billion. And they didn't stop there, announcing another $115 million in funding in May 2023.
As of January 2023, Worldcoin celebrated reaching 1 million sign-ups, with more than 115,000 new users in December 2022 alone. Their user base is diverse, coming from various countries like Argentina, Chile, India, Kenya, Portugal, Spain, and Uganda. By July 2023, they expanded to over 2 million users, and their World App is rocking with over 500,000 monthly active users.
Introducing Arkham Intelligence, a company focused on blockchain intelligence. Their platform is designed to reveal information about the real-world entities and individuals connected to cryptocurrencies, giving valuable insights into the cryptocurrency ecosystem. The goal is to remove anonymity from the blockchain and shed light on the identities behind cryptocurrency transactions.
"Our industry has been plagued with bad actors who survive by hiding in the shadows. Crypto intelligence brings them into the light, and that’s what our platform and our research have always done," Arkham CEO Miguel Morel tweeted.
In July 2023, Arkham Intelligence launched a bounty marketplace, enabling people to buy and sell on-chain cryptocurrency data. To facilitate these trades, they introduced the ARKM token as the main currency on the Arkham Intelligence exchange. Currently, as of July 2023, the ARKM token is being traded at $0.75 with a market cap of $113 million. For example, two savvy users of the Arkham platform recently earned a substantial reward of nearly $6,000 for successfully uncovering Do Kwon's wallet.
The initial request to track the wallets of the former head of Terraform Labs was placed on the on-chain data marketplace, Arkham Intel Exchange. Two online detectives took up the challenge and accomplished the bounty hunt with great success, providing evidence that several addresses indeed belong to the businessman. As a result, they were rewarded with 9519 ARKM tokens, equivalent to approximately $5971.
Fetch.ai is an open-source machine learning platform, decentralized and based on a distributed ledger. It offers secure access to AI for smart and autonomous services. They've also made Agentverse, a web3 virtual hub, letting users create autonomous agents easily, no matter their technical skills.
The platform's smart ledger combines blockchain with direct acrylic graph (DAG) tech. Transactions can be assigned to different routes, forming a fragmented network. New routes can be created if existing ones get overloaded. Fetch.ai uses UPoW (useful proof-of-work/proof-of-beneficial work), a mix of proof-of-work, proof-of-stake, and other mechanisms.
FET is the primary value exchange on Fetch.ai. It's essential for network exchanges, staking, and rewarding node operators. FET unlocks various operations on the network and acts as the main payment method. It's also needed to find, create, deploy, and train autonomous economic agents.
Fetch.ai's disruptive nature stems from its ability to challenge the status quo in machine learning, blockchain technology, and decentralized applications, offering new solutions and possibilities that can potentially reshape industries and user experiences.
Arbitrum, developed by Offchain Labs in 2018, is a Layer 2 scaling solution for Ethereum. Its purpose is to address the Ethereum network's limitations, like slow transaction speeds and high fees during busy times. By reducing work and data storage on Ethereum's mainnet(Layer 1 or L1), Arbitrum aims to decrease network congestion and transaction costs, enhancing the speed and scalability of Ethereum smart contracts.
"Our mission at Arbitrum is to scale Ethereum without compromising on security. Notice that we're focused on the result, not the tool. On the end, not the means," wrote Steven Goldfeder, co-founder and CEO of Offchain Labs.
Arbitrum enables users to perform transactions off the main network, which are later verified and grouped before being added to the main chain. This process helps ease congestion and lower gas fees on Ethereum, benefiting decentralized finance (DeFi) projects like Sushiswapand Aave, which utilize Arbitrum to offer efficient swaps with lower gas fees. The platform supports the Ethereum Virtual Machine (EVM), allowing seamless integration with existing Ethereum tools and infrastructure for DeFi developers.
To gain exposure to the Arbitrum network, individuals can consider the governance token, ARB. Holders of ARB tokens can participate in the protocol's decision-making processes, including proposing and voting on upgrades or changes. Additionally, ARB tokens are used to pay for transaction fees on the Arbitrum network. Despite being launched in March 2023, the ARB token has already reached a market capitalization of over one billion dollars.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
139 days ago • cryptodaily
Crypto Projects Worth Keeping an Eye On
Despite the recent bear run that lasted for a while, there is undeniable evidence that the bull run has commenced in the cryptocurrency market. Numerous cryptocurrencies have experienced remarkable spikes, and the overall market sentiment has been overwhelmingly positive, with green dominating the charts.
As a result, individuals from all walks of life are eagerly seeking opportunities to invest their money in projects that have the potential for significant returns on investment in the long term. This surge in interest has led many projects to attract exceptional partners, team members, and professional marketing personnel, creating an enticing environment for potential investors. However, investors must conduct their research before making any investment decisions.
Noteworthy Crypto Projects to Monitor During the Bull Run
Cheelee is a Web3 GameFi short video platform that offers a unique opportunity for users to earn money just by watching the video feed, giving way to all Web3 social media to mass adoption. The app welcomes new users with a complimentary pair of Starting digital glasses, thanks to which the user can start to earn when viewing the videos.
The users can upgrade these glasses and earn more than X2 from the initial investment. Cheelee also introduces the $CHEEL – governance token, which shows stable growth and holds substantial potential because of its limited supply and high utilities.
Cheelee is the first-of-its-kind app that monetizes time spent on social media. The app unquestionably captures attention as the hottest trend of 2023, combining the worlds of cryptocurrency and social media. Cheelee is available on App Store and Google Play.
Intercoin, a company driven by an ambitious vision of bringing cryptocurrency into the mainstream, has dedicated five years of meticulous effort under its chief architect, Greg Magarshak. Their primary focus has been developing smart contracts that serve communities worldwide.
These contracts empower individuals to effortlessly deploy their decentralized autonomous organizations (DAOs), create unique coins and non-fungible tokens (NFTs), and host engaging auctions and contests with just a simple click. The team boasts a commendable track record, having previously released applications that successfully attracted a substantial user base of approximately one million community leaders across the globe.
Currently, their relentless efforts are geared towards implementing these cutting-edge Web3 solutions for the benefit of these communities. Intercoin has an impending global launch scheduled later this year and has additional projects in the pipeline, including developing a web-based wallet slated for release in 2024 and an innovative post-blockchain distributed protocol aptly named Intercloud.
Swaps emerges as a fully compliant and regulated European company, setting the standard in terms of security while offering a remarkably fast and user-friendly platform. Whether you're a beginner or an expert, an individual or a company, Swaps provides the ultimate solution for buying, selling, and receiving cryptocurrencies.
The team behind Swaps recognized the need for change in the lengthy and complicated process of purchasing cryptocurrencies. Their mission was to enhance the customer experience and revolutionize the industry. Their expertise has completely reinvented the old ways, bringing forth a platform that caters to the industry's longing for simplicity retaining all the benefits for the users.
Swaps has created an impeccably sleek platform featuring a world-class team of talents. By doing so, they have opened the doors of the crypto world to everyone, making transactions faster and easier than ever before.
Walbi, a hybrid DeFi platform, seamlessly integrates a crypto exchange, Web3 non-custodial wallets, and an AI assistant to elevate crypto trading to new heights. Recently entering the beta testing phase, Walbi showcases its streamlined, AI-powered approach to managing digital finance.
Walbi uses an AI assistant to provide personalized trading advice. It generates comprehensive financial analyses by aggregating data from various sources such as financial news, trending tweets, expert insights, historical cryptocurrency prices, and technical indicators. Walbi's AI empowers traders to make informed decisions while mitigating the risks of human error.
In addition to the Walbi exchange, wallet, and the Walbi Lighthouse AI trading assistant, the platform offers features such as Walbi Earn staking, Walbi Cloud Miner, and an enticing rewards program.
Asterizm, a graduate of Techstars London Powered by Polygon 2023, is an essential blockchain interoperability solution that establishes a confidential communication channel for enterprises operating on various blockchains, FinTech, CBDCs, banks and web3 protocols.
Founded by Artem Avdeev, Denis Polulyakhov and Alex Gotovets, Asterizmleverages its distinctive on-chain transaction validation and integrity check mechanism, ensuring seamless operations between both public and private networks while adhering to regulatory standards and mitigating the risks of data leaks.
Asterizm has recently launched on mainnet and it already supports EVM-based public and private networks and the first two non-EVM blockchains. Moreover, the Asterizm team actively communicates and consults financial institutions, banks, CBDC operators and platforms dealing with tokenized assets. Their aim is to deliver the most convenient cross-chain solutions, ensuring seamless interoperability and efficient operations.
Open Exchange (OPNX) emerges as a state-of-the-art cryptocurrency exchange, delivering seamless access to crypto claims, spot, and futures trading on a secure and user-friendly platform.
OPNX is led by a team deeply knowledgeable about the shortcomings witnessed in the last crypto cycle. Recent bankruptcies within the crypto industry have left over 20 million users at a loss of $20 billion, as their funds remain locked on insolvent platforms. Setting a precedent, OPNX has become the pioneering exchange helping bankruptcy victims tokenize their claims (e.g., FTX and Celsius) and unlock immediate liquidity by converting claims into collateral for crypto futures trading.
OPNX also facilitates flexible crypto trading with a powerful portfolio margin system, allowing users to leverage their entire portfolio of assets. Notably, the exchange launched its oUSD credit currency, enabling traders to borrow against their crypto holdings and trade on them with oUSD.
Farmsent is an innovative farmer-centric blockchain platform designed to revolutionize global food trade and enhance food security. With a strong focus on empowering farmers, Farmsent connects them directly with buyers, fostering a more transparent and efficient marketplace.
This decentralized ecosystem enables secure and traceable transactions, ensuring food safety and quality throughout the supply chain. By prioritizing small farmers, Farmsent strives to create a fair and decentralized ecosystem, allowing them to access broader markets and fair prices for their produce.
With web3 technologies, Farmsent aims to promote sustainability, optimize middlemen, and address the challenges of the modern agricultural landscape, contributing to a more resilient and secure global food system.
The market's recent history of losses has set the stage for a potential turnaround, and now is the opportune time for investors to capitalize on the potential gains. The bull run's emergence has instilled a sense of optimism, as cryptocurrencies have witnessed substantial growth and the market has turned green. With projects strategically aligning themselves with strong partners, talented teams, and effective marketing strategies, investors are presented with many promising options. Nevertheless, individuals must exercise caution and undertake thorough research before committing their funds, ensuring their investment decisions align with their financial goals and risk tolerance. By carefully navigating this evolving landscape, investors can position themselves to benefit from the market's newfound momentum and potentially achieve favorable returns.
As the crypto market continues to witness substantial growth it's attracting experts such as Nick Perzichilli. With his network in Web3 and a track record of successes in Ecommerce, Banking and Marketing with $300m in exits, Nick recognizes the potential for blockchain technology. Through AdvisorX, the team actively collaborates with companies and is guiding them in transitioning from Web2 to Web3.
With a network of over 300 people on the team contributing as seasoned advisors and service providers, including professionals from leading institutions, such as Google, Polygon, Binance, Hedera Hashgraph, and others, AdvisorX provides a broad range of services, including venture capital, GTM advisory, user acquisitions, community growth and more.
In the booming market to come, Nick Perzichilli's views as an expert Advisor along with the
hundreds of professionals working with AdvisorX serve as a compass, guiding projects in the
space to navigate this rapidly evolving landscape.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.