The founder of Lens Protocol has announced plans to expand access to the Web3 social protocol on a gradual basis. 

It is a big move for Lens Protocol as well as the wider Web3 ecosystem. 

Stani Kulechov [announced the plans](https://www.binance.com/en/feed/post/2023-10-10-lens-protocol-founder-announces-gradual-expansion-of-access-to-web3-social-protocol-1298814) in early October. 

## What is Lens Protocol? 

Lens is designed to be interoperable, meaning it can be integrated with other Web3 apps. This means creators can build customised social media experiences. 

The open-source, blockchain-based social graph aims to reshape social media in the era of Web3. 

Unlike current social media platforms, such as Facebook and X (formerly Twitter), Lens is not centralised. Its composable, permissionless design lets content creators ‘own’ their digital identity so they can connect with wider communities. 

This is achieved through interoperability with other Web3 applications. 

When [Lens Protocol](https://www.lens.xyz/) was introduced at the start of 2022, it garnered attention in the cryptocurrency and blockchain communities thanks to the revolutionary approach to social media it promised, as well as its connections to the well-regarded Aave team developing it. 

Using Lens, creators can produce customised, unique functionality for common features, such as follows, and how they interact with the content of other users. 

It allows for integration with other Web3 protocols and smart contracts, for example allowing creators to mint NFTs from other platforms. Essentially, users can leverage the Web3 ecosystem within Lens posts. 

Creators own their profiles, connections, and content, unlike on current social platforms, so they can switch sites without having to start over. The tokenisation of social data, through NFTs or smart contracts, ensures ownership is retained by the creator and they can be easily transferred to any other platform in the Lens ecosystem. 

Lens says it will give users seamless access to all their content with a single login, whichever platform they are on. 

## How’s it going? 

Lens Protocol, which has raised $15 million towards building its decentralised social network since inception, is being built by Web3 lending platform [Aave](/news/article/what-is-aave-protocol). 

Currently in beta on the [Polygon network](/news/article/what-is-aave-protocol), Lens works with any Ethereum Virtual Machine-compatible blockchain. 

It claims to have more than 100,000 beta users, and last month's announcement of expansion plans could see this increase. 

Lens introduced a new scaling solution, Momoka, to hyperscale social actions. This increases the scale of activities while lowering costs without compromising the decentralisation principles. 

The protocol is a realisation of Kulechov’s longstanding advocacy for the democratisation of access to blockchain tech. He is a prominent figure in DeFi (decentralised finance) and blockchain. 

In his expansion announcement, the founder encouraged anyone interested in Lens to connect their wallets and join the waiting list. 

## Monetisation 

A potential strength of Lens is the opportunity for creators to earn from everything they post. 

Users control and own their content, not the platform, so it, and the followers, go where the creator goes, giving them more monetisation opportunities. 

Lens also includes the power to give other addresses limited access to profiles, so you can store yours on a hardware wallet or give others access to post through a shared account, with private keys and security being compromised. 

It’s also possible to split revenue, so income can be shared with collaborators, charities, or anyone else you want, simply by adding the profile or address of the recipient and stating their percentage share. 

## Lens fundraising 

Back in June, it was reported that $15 million had been raised to fund the Lens Protocol project. 

Support has come because of a shared belief that people want an alternative to Web2 social platforms, where ownership of content and the ability to monetise are limited. 

The Lens team believes this protocol will appeal not only to those who want to own their online identity, but also to creators who are fed up with starting from scratch, in terms of content and followers, every time they move platform. 

As current social media players are not built on the same platforms, the ability to transfer seamlessly does not exist. Within Lens Protocol, everything can be easily moved across platforms within the ecosystem thanks to enhanced compatibility. 

While others have announced or launched Web3-based social protocols, Lens says its point of difference is ownership. It prioritises the right and ability of creators to own their identity and content. 

## Lens Protocol risks 

While there are plenty of advantages promised by Lens, there are disadvantages that should not be ignored. 

[Cointelegraph, in a report last year](https://cointelegraph.com/news/what-is-lens-protocol-and-how-does-it-work), pointed out that blockchains often have limited on-chain storage capacity. This means secondary storage solutions can be required for content and NFTs. 

Diving deeper, the site said Lens publications use ContentURI and all original files are kept in distributed file storage systems, like Arweave, IPFS, and AWS S3. This, Cointelegraph claimed, means content could be manipulated. 

If original files are not recorded on the blockchain, instead being kept in secondary storage, they could be damaged or lost, the site said. 

## X and Web3 

Kulechov has also stated that he doesn’t believe X, formerly Twitter, will join Web3 ‘any time soon’. 

Despite new owner Elon Musk’s interest in blockchain and cryptocurrency, the Lens founder does not believe X will become blockchain-based quickly. 

Lens protocol logo on image of computer doing sums

Lens Protocol Expansion Hopes

NFT Droppers

In the rapidly evolving world of digital assets, platforms that provide timely and accurate information about Non-Fungible Tokens ([NFTs](/news/article/nft-meaning)) are invaluable. One such platform that has caught the attention of many in the NFT community is "[NFT Droppers](https://nftdroppers.io/)." In this comprehensive review, we'll delve deep into what the platform offers, its standout features, and how it fares in comparison to other NFT platforms.

## Introduction to NFT Droppers

NFT Droppers brands itself as the "[No. 1 NFT Calendar Platform](https://nftdroppers.io/) In 2023." At its core, it's an NFT calendar website that offers a sneak peek into upcoming NFT mints, ensuring enthusiasts and investors stay on top of the latest drops. The platform has positioned itself as a go-to resource for those keen on staying ahead in the NFT game.

## User Interface and Experience

Upon visiting the platform, users are greeted with a clean, intuitive interface. The website is easy to navigate, with clear sections dedicated to featured NFT drops, upcoming mints, and the latest NFT-related blogs. The design is visually appealing, with a mix of vibrant colours and high-quality images, making the browsing experience enjoyable.

## Features and Offerings

### NFT Calendar: 

The heart of the platform. It provides detailed information about upcoming NFT drops, including dates, blockchain platforms, and direct links to the projects. This feature is particularly useful for investors looking to get in early on potential high-value mints.

### Educational Blogs: 

NFT Droppers doesn't just stop at listing NFTs. It also educates its audience. Their blogs range from [beginner tips](https://nftdroppers.io/nft-101/) to expert analysis, ensuring that both newcomers and veterans have something to gain.

### Community Engagement: 

The platform emphasizes the importance of community in the NFT space. They highlight projects with strong community backing, recognizing that engagement often translates to success in the NFT world.

## Blockchain Diversity

One of the standout features of NFT Droppers is its recognition of various blockchains. While Ethereum remains a dominant force in the NFT space, the platform also showcases projects from blockchains like Solana, Polygon, BSC, and Cardano. This inclusivity ensures that users are exposed to a diverse range of projects.

## Future Plans

NFT Droppers is not resting on its laurels. They have plans to develop a Discord bot that will automatically notify users of upcoming NFTs, further enhancing the user experience and ensuring that no one misses out on potential golden opportunities.

## Comparison with Other Platforms

While there are several NFT listing and information platforms out there, NFT Droppers stands out due to its comprehensive approach. Not only does it provide information, but it also educates and engages its audience. The platform's focus on community and its recognition of various blockchains gives it an edge over many competitors.

## Conclusion

NFT Droppers has quickly established itself as a reliable and comprehensive platform for all 
things NFT. Whether you're a seasoned [investor](/trade) or a curious newcomer, the platform offers a wealth of information and resources to help you navigate the exciting world of NFTs. With its user-friendly interface, diverse offerings, and commitment to community engagement, NFT Droppers is undoubtedly a platform worth bookmarking for anyone interested in the NFT space.



NFT droppers logo overlaying image of NFTs

Comprehensive Review: NFT Droppers

[Polkadot](https://polkadot.network/) crypto is a cutting-edge blockchain project aiming to establish a diverse multi-chain framework. It has attracted significant attention from investors, developers, and users, positioning itself as one of the most innovative projects in the cryptocurrency space. 

The network architecture offers flexibility and adaptability, allowing developers to leverage scalability, interoperability, and security. 

## What is Polkadot crypto and how does it work? 

Launched in 2020, Polkadot strives to address various limitations of existing blockchains, including scalability and security. 

The project aims to enable seamless communication and exchange of data and crypto assets between blockchain networks such as [Acala](/news/article/acala-coin-use-and-value-explored), [Centrifuge](https://centrifuge.io/), and [Phala](https://phala.network/). Polkadot achieves this by connecting distinct and independent blockchains, parachains, to a single blockchain called the relay chain. 

The relay chain handles essential aspects of blockchain technology, including security and data validation, using a nominated proof-of-stake (NPoS) consensus mechanism. These are designed with minimal functionality and do not support smart contracts. 

On the other hand, parachains can be customised to offer various unique services and features. These parallelised chains can be built from scratch using the Substrate framework to make interoperability with other chains easier. Existing blockchains can also join the Polkadot ecosystem as parachains or parathreads. 

Adding new parachains to the Polkadot ecosystem follows a community-driven process called a Parachain Slot Auction. These auctions allocate 96 slots to potential projects using a candle auction format where bids are placed using DOT tokens. Winning bids secure a lease on a slot for a maximum of 96 weeks (approximately two years) before becoming available for others to bid on again. 

## Substrate Modular Framework 

The [Substrate](https://substrate.io/) is a powerful development tool within the Polkadot ecosystem that simplifies the process of building a new blockchain. 

It aims to assist developers in creating their unique blockchain while seamlessly connecting to the relay chain and benefiting from its security, speed, and efficiency. By utilising Substrate, developers can direct their efforts towards adding value to their projects rather than investing resources and funds into constructing infrastructure from scratch. 

Any [blockchain](/news/article/blockchain-security-in-depth-analysis) that uses Substrate is compatible with Polkadot, granting them effortless access to the interoperable ecosystem comprising parachains, applications, and resources. 

While Polkadot and Substrate work synergistically, they are not reliant on each other. Polkadot parachains can be constructed and maintained using alternative software options besides Substrate. Similarly, chains built with Substrate are not obligated to connect to Polkadot or Kusama. 

## Kusama - The testing development platform 

[Kusama ](https://kusama.network/)serves as a testing development platform within the Polkadot ecosystem. It allows developers to test new ideas and projects before deploying them on the main Polkadot network. Launching a parachain or becoming a validator is comparatively easier on Kusama, as it demands less staking of DOT tokens. 

However, there are some trade-offs when using Kusama. Its governance parameters are less strict, allowing for smoother and quicker upgrades. Kusama is capable of processing transactions up to four times faster than Polkadot. The process involves a seven-day voting period for token holders to participate in a referendum and an eight-day validation period before the referendum is officially approved and implemented. 

Nevertheless, this increased speed comes at the cost of stability and security. Kusama stakeholders must remain active to stay informed about all proposals, referenda, and upgrades. Additionally, validators on the Kusama network often must be prepared for sudden updates and changes. 

## DOT - The Polkadot crypto native token 

The [DOT](/news/article/polkadot-price-prediction-2030) coin is the native Polkadot crypto token, enabling various use cases. It covers network fees, participates in governance voting and validating rights, and facilitates interoperability. 

When communicating or transferring data between two blockchains within the network, DOTs are used to pay transaction fees. Additionally, DOTs are utilised as a means of payment for voting on protocol updates or fixes. 

Furthermore, nominators can bond their Polkadot crypto to a specific validator they support. This bonding process enhances the network's resistance against potential attacks and enables DOT holders to earn newly minted tokens as staking rewards. 

According to[ Coinmarketcap](https://coinmarketcap.com/currencies/polkadot-new/), DOT tokens are ranked the 13th largest cryptocurrency globally, with a live market capitalisation of $5,228,539,469. As of writing time, the DOT coin is valued at $4.38. 

The token can be purchased on exchanges, including Binance, KuCoin, Coinbase, and Huobi Global. These tokens can be stored in different cryptocurrency wallets, including Parity Signer, Fearless Wallet, Polka Wallet, Ledger, and SubWallet. 

## The future of Polkadot crypto 

Polkadot network is one of the leading blockchain projects that seek to solve interoperability and security issues. The utilisation of DOT as the governance token of the protocol, as well as for staking purposes to enhance network security and establish new chains, clearly indicates that the project aims to incentivise user participation. 

The DOT coin currently faces hurdles in recovering its original value. However, the project has enormous potential and promises profitable returns to its investors. 

Polkadot Crypto: A Comprehensive Guide

The [Ledger Stax](https://shop.ledger.com/products/ledger-stax) boasts the biggest touchscreen on the market, a Bluetooth connection, and an iPod-like design. It also asks for the most money on the market too, going for $279 against products like the Ledger Nano, which can go for a nifty $79. So why is it so expensive, and why are we discussing it in a[ Web3](/news/article/what-is-web-3.0-crypto) space? Let’s get into it! 

## Background 

Historically, storing and moving crypto assets has always been the primary goal behind using e-wallet services. The convenience of having all your crypto assets stored safely under a wallet address led to many names in the market coming up with newer, faster, and more user-friendly e-wallets. 

To differentiate themselves and to try and negotiate a sustainable market position, these e-wallets often focused on differentiated specialities. Some wallets specialize in transaction speed, some in security protocols, whereas some claim proficiency in a specific blockchain. 

## Hardware wallets 

As more niches started to develop in the market, it was no surprise to the community when [TREZOR](https://www.finder.com.au/trezor-bitcoin-wallet-review) came up with the first hardware wallet in 2014. The utility of hardware wallets was questioned because traders/asset holders at the time thought that the problem of e-wallet security had been catered to. Well, traders kept losing money and valuable assets as a result. 

In fact, it was not till Bitcoin and many other cryptocurrencies/assets had reached the $1,000 price that security and the utility of hardware wallets became a serious consideration in the crypto space. 

This sentiment was later reinforced when people started to trade NFTs worth a fortune. Slowly, it became necessary for high-profile traders to keep a [hardware wallet](/news/article/what-is-web-3.0-crypto) or wallets. 

Hardware wallets have been found to be more secure than their software counterparts because of their ability to store and hold transaction details/keys offline, just like a USB device. 

## Enter: Ledger Stax 

Things have gone through major upgrades in the last eight years. As threats to security and safe transactions have increased, so has the sophistication of hardware wallets. 

But the Ledger Stax only asks this price because of the convenience and gimmicks it offers better than the competition, and who would know better design work for gimmicks if not [Tony Fadell](https://en.wikipedia.org/wiki/Tony_Fadell), the man behind the iPod's design, and the Ledger Stax design? 

Having said that, this association with the iPod is not the only reason why the Ledger Stax asks you to pay a premium price. 

Other than its design, the Ledger Stax offers Bluetooth connectivity. This allows traders to connect the device to their cell phones and upload NFTs or other assets via Bluetooth transfers from the Ledger’s native Ledger Live application on their phones. 

Additionally, the Ledger Stax boasts the best battery life on the market. It may take you weeks or even a month to run the battery out, depending on the nature of your usage. And in case you are able to run the battery out, the Ledger Stax offers seamless Qi wireless charging as well. However, that is probably a feature most traders would trade off if it meant that the Ledger Stax could be made more affordable. 

Although gimmicky, the Ledger Stax can use your favourite NFT as a lock screen. Depending on who you are and what you own, that could be an offering that catches your eye.  


## But… 

Despite all these pluses, the Ledger Stax does indeed come off as little more than a status maximization tool that traders can show off. 

It is obvious that the utility that this device provides can suit the use cases of high-volume traders, but you can easily conclude that this product is not for everyone. In fact, it is possible to get two good-quality wallets for the price of this one, and I do not think that is going to make it easy for this wallet to sell. 

Another huge downside to the Ledger Stax wallet is that the e-ink touchscreen is not a coloured screen. So, if your favourite NFT depends on colour orientation, as most NFTs do, you are out of luck. You can still put it on as your lock screen, but you would not be doing justice to your valued crypto asset. 

There is one more concern. When it comes to products requiring high-security protocols, enabling a Bluetooth connection kind of defeats the purpose. The philosophy of hardware wallets is supposed to ensure that these wallets are a lot safer than the standard e-wallets. We are sure that the Ledger Stax developers have kept that in mind, but a Bluetooth connection to pair the wallet with your smartphone to enable a native application sounds like too many entry points for something malicious to enter your wallet. 

However, in the context of Ledger itself, it does serve the brand well to have multiple products of varying quality serving the same market. If Ledger’s work sounds interesting to you, you might want to read about [its crypto debit card](/news/article/ledger-crypto-wallet). 


Ledger Stax: The Web3 iPod?

Wondering what Ankr is? Ankr has risen among the ranks to become one of the most sought-after protocols due to its extensive features, which are highly valuable in developing the Web3 ecosystem. 

Forecast to be worth around $45 billion by 2030, at a CAGR (compound annual growth rate) of 41.50%, the crypto firm is expected to join blockchain-powered companies such as Polkadot, Helium Systems Inc., Ocean Protocol Foundation Limited, Decentraland, Binance, and Alchemy Insights Incorporated in ensuring that the prediction by [Vantage Market Research](https://www.vantagemarketresearch.com/industry-report/web-30-blockchain-market-1694#:~:text=The%20Global%20Web%203.0%20Blockchain,41.50%25%20over%20the%20forecast%20period.) comes to fruition at the said period.  

With a boom in the blockchain economy on the horizon, you will be coming across the protocol more and more. You may find yourself asking, 'What is Ankr?' 

As a result, this article takes an in-depth look into the project, the kind of partners that have chosen to ally with them, its native asset, its price performance so far in 2023, and the type of cryptocurrency exchanges that support the digital currency as a tradable asset. 

By the end, we hope you have an answer to the question, 'What is Ankr?'. 

## What is Ankr?  

It was created by the University of California, Berkeley, graduates Ryan Fang and Chandler Song in 2017. 

As a blockchain-based cross-chain infrastructure protocol that is smart contracts-compatible, it allows the development of decentralized applications (DApps) and staking services. It also houses several protocols connected to expanding the decentralized finance (DeFi) sector. 

Having recognized the centralization of power and the extensive reliance on intermediaries in many internet sectors, Ankr gives control and ownership of data to network participants and users. 

This is why it joined an industry with thousands of applications but decided to build a new internet that relies on the possibilities of distributed ledger technology (DLT).  

Many projects, such as Internet Computer, have disclosed that they want to decentralize everything on the internet, but have little to show for the past two years since launch. 

Ankr supports staking nodes, Web3, and, more importantly, achieves decentralization by employing DLT-powered computing power to gather data resources. 

These resources are then deployed to developers and stakers at low-cost data centres. Through this process, stakers can stake their balances while developers can create and deploy DApps. 

## What is ANKR, the cryptocurrency behind the project?  

Like all projects in the data technology section of the blockchain-powered economy, Ankr is supported by a cryptocurrency. It goes by the ticker symbol ANKR. 

It has a total and maximum of 10 billion tokens. Out of this, 97% (represented by 9.7 billion crypto assets) are in circulation, leaving just 3% to be injected into the market for scarcity to take hold of this crypto asset powering one of the most patronized networks in the space today. 

For crypto traders and investors interested in the numbers, ANKR is up more than 140% this year, rose by more than 120% in the first quarter of 2023, and reached a yearly [peak price](https://coinmarketcap.com/currencies/ankr/) of $0.05474 in February (which is still four times below its all-time high price of $0.2252 attained on 28 March 2021).  

The virtual coin has value despite not being a currency backed by a centralized financial institution. This is because it has all the attributes of what constitutes currency money, like utility, transferability, durability, scarcity, non-counterfeitability, and, most important of all, divisibility. 

Due to its potential in a market where more than 2,000 cryptocurrencies compete for traders and investors, more than 40 centralized and decentralized exchanges support the token for trading. 

Some platforms where[ ANKR](https://coinranking.com/coin/drWC87t2Vozh+ankr-ankr/exchanges) can be accessed include, but are not limited to, Binance, Huobi Global, Coinbase Pro, Kraken, BitMart, Crypto.com, and Uniswap (Vault 1, 2, and 3). 

## Mainstream crypto companies among its partners 

As of 16:00 UTC on 18 April, ANKR completes more than eight billion application programming interface (API) requests daily, from over 40,000 unique developers across 30-plus jurisdictions. Additionally, it supports over 38 networks in the blockchain economy. This is the primary reason why it is trusted by the following firms. 

Polygon uses Ankr’s infrastructure to boost its ecosystem. As an integral part of Web3 development, Polygon plays a vital role in crypto through its native asset [MATIC](/news/article/polygon-announce-hard-fork) and the digital collectibles sector, where CryptoSlam ranks it among the biggest blockchains by all-time NFT sales volume. Before [Disney shut down](https://www.wsj.com/articles/disney-eliminates-its-metaverse-division-as-part-of-companys-layoffs-plan-94b03650) its Metaverse division in March, Polygon responded negatively through its digital currency MATIC because it was chosen by the company along with five other firms to be a part of its[ accelerator program](https://www.coindesk.com/business/2022/07/13/polygon-joins-disneys-accelerator-program-to-develop-ar-nft-and-ai-experiences/), aimed at the development of artificial intelligence (AI), NFT, and augmented reality (AR) experiences. 

Gaining the support of Polygon certifies Ankr as one of the most credible protocols in a space where cybercriminals design projects to dupe people out of hard-earned money.  

[Binance](/news/article/binance-nft-marketplace-explained), the largest cryptocurrency exchange, has its hand in all segments of the crypto economy. Binance Chain is actively involved in DeFi and NFTs, and this alliance helps Chanpeng Zhao's innovation remain competitive in a saturated market. 

Certik is a smart contract, blockchain, and Web3 security firm. This company provides a tool that ranks projects based on risks related primarily to security. Due to rug pulls, pump-and-dump schemes, and other ways projects such as SafeMoon duped traders, many people analyze the health of projects by Certik aside from total value locked (TVL) and other crypto metrics. Ankr's Overall [Security Score](https://skynet.certik.com/projects/ankr) is 75.80, in the top 30%. This was arrived at after the security firm gave the project a code security score of 91.45, operational resilience score of 78.00, governance strength score of 92.37, and market stability and community trust scores of 96.54 and 98.00, respectively. 

The above statistics show a project that ticks all the right boxes for all stakeholders (developers, liquidity providers, and traders) searching for a go-to chain to meet their blockchain-related needs. 

[Avalanche](https://www.avax.network/) is also among the projects that trust Ankr. With [Avalanche,](/news/article/avalanche-crypto-metamask) governments, enterprises, and institutions can build many products under assets issuance and trading, document tracking, digital identity, debt financing, and [Central Bank Digital Currency (CBDC)](/news/article/nigeria-cbdc-adoption-soars). Aside from these, developers can build DApps, and NFT lovers can mint their own digital art using its blockchain. Tapping into Ryan Fang and Chandler Song’s innovation shows the extent to which Ava Labs believe in the Ankr project.  

Other projects that trust this blockchain-based cross-chain infrastructure protocol include Optimism, Aave, SpiritSwap, 1inch, Project Galaxy, Zapper, and SushiSwap.  

## Does ANKR have a future? 

Yes, ANKR has a future. The project has a fully diluted market capitalization of around $372 million and continues to see above-average daily trading volume for a low-cap digital asset (which has less than $2 billion in market value). 

Since the year's opening day, the token has seen a daily trading volume of around $9 million. With blockchain technology playing an instrumental role in the transition from Web2 to Web3 and Ankr's position as a cross-chain platform, an analyst has made positive forecasts about the future of the token. 

[David Cox](https://www.cryptonewsz.com/forecast/ankr-price-prediction/) at CryptoNewsZ believes the token will continue to benefit from the extensive usage of Ankr and soar to $0.095 by the end of 2023. He further estimates the token to reach the best possible prices of $0.26 in 2027 and $0.445 in 2030, respectively. 

Whether or not this article answered the question, 'What is Ankr?', you should remember that the crypto market is highly unpredictable. Always weigh risks against rewards. 

What is ANKR? The Web3-Powering Crypto

[Volt Inu](https://voltinu.in/) is a crypto project that aims to become a one-stop shop for DeFi projects. Launched in December 2021, it has quickly become a project worth watching in the crypto space. 

The project boasts an ever-expanding ecosystem that currently consists of a decentralized exchange, NFT collection, and crypto-based games, with more services on the way. It is on the Ethereum, Polygon, and Binance networks, with plans to expand to more networks. 

## Ecosystem 

The project’s ecosystem comprises; 

·         Voltichange 

[Voltichange](https://voltichange.net/) is a deflationary decentralized exchange. It enables users to trade any BEP20 or ERC20 token with a 0.25% fee that the system burns. The exchange provides crypto holders with a deflationary way to increase the value of their tokens. 

The exchange also helps cryptocurrency projects burn their token supply. There is a [widget tool ](https://voltichange.net/widget)that enables crypto projects to provide their users with an easy way to buy directly from Voltichange while burning their supply at the same time. Other notable features include a trending bar, token data, and favorite trades, which make trading easier. 

·         VDSC 

[Volted Dragons Sailors Club (VDSC)](https://volteddragons.com/) is an NFT collection of 10,000 3D dragons. The dragons are ERC-721 tokens on the Ethereum blockchain. They each have unique properties and traits that differentiate them and increase their rarity. 

The NFTs are available for purchase on OpenSea and other NFT marketplaces. Once you become a holder, you get exclusive access to future collections, exclusive rights, and revenues within the VOLT ecosystem, among other perks. 

·         Voltigames 

[Voltigames ](https://game.voltinu.in/)are [play-to-earn](/news/article/free-play-to-earn-games) games that offer multiple ways to earn VOLT tokens. 2D Racers is the first play-to-earn (P2E) game announced on the platform. It is an online racing game that can be played on browsers. 

In February, the crypto project released the first version of its NFT-focused game, Battle Royal, which can be played online. The game displays a fictional world of dragons that take part in battles on their island. VDSC NFTs are the backbone of the game. 

## VOLT 

VOLT is the native utility and governance token of the platform. It is a deflationary token that was launched on the Ethereum blockchain. It is designed to generate passive income for its holders through NFT fractionalization and node acquisition. 

The token is currently worth $0.000001697 and ranked the 289th largest cryptocurrency by market cap, valued at $92,810,418 by [Coinmarketcap](https://coinmarketcap.com/currencies/volt-inu-v2/). It is available for purchase in more than 100 exchanges, including Gate.io and Bittrue. 

The tokens have a max supply cap of 69,000,000,000,000 coins. There are currently 54,766,287,142,827 of them in public circulation. 

Besides purchasing the tokens, you can also earn them by participating in various activities in its ecosystem, including playing the P2E games, 2D racers, and Battle Royale. 

## Is Volt Inu a good investment? 

VOLT tokens' current market price makes them the best choice for beginner crypto investors. However, according to many cryptocurrency prediction platforms, the tokens are not the best choice if you are looking to make quick returns. They are better left as a long-term investment option. 

According to DigitalCoinPrice, the tokens might trade at an average price of $0.00000334 in 2023, $0.00000410 in 2024, $0.00000596 in 2025, and $0.00000743 in 2026. Digitalcoinprice predicts that even by 2032, the tokens will still not be trading above 1 cent. 

Priceprediction predicts the coins might trade at an average price of $0.00000199 in 2023, $0.00000288 in 2024, $0.00000419 in 2025, and $0.00000597 in 2026. Like Digitalcoinprice, Priceprediction does not see VOLT hitting the 1 cent price even by 2032. 

Ambcrypto, another popular crypto prediction site, predicts the tokens might trade at an average price of $0.0000011 in 2023, $0.0000026 in 2024, $0.0000034 in 2025, and $0.0000044 in 2026. 

All crypto prediction sites and analysts agree that the tokens might take a long time before they even trade above 1 cent. One[ prediction platform](https://crowdwisdom.live/crypto/volt-inu-price-prediction/) even calculates that it might take close to 40 years for the token to trade above 1 cent. However, this is the crypto space, and it is highly unpredictable. 

## Latest news 

Volt Inu's latest news reveals that its native utility token was recently listed on Huobi Global, a leading crypto exchange. The news was announced on 8 March, 2023, via [Twitter](https://twitter.com/VoltInuOfficial). 

The move is one of many Volt Inu is making to increase its native token's legitimacy and accessibility. The more people have access to the token, the better its price appreciation chances. 

## Conclusion 

Volt Inu is an ambitious cryptocurrency project looking to take over the DeFi space. According to its road map, it has already accomplished a lot and is still working on more ways to add to its services and expand its user base. 

The native token might not be performing well, but it still stands out with its use cases. The token is worth watching out for, especially as its ecosystem continues to expand and more people find their way into it. 

volt inu logo on pink image of blockchain

What is Volt Inu?

Web3 games and Metaverse projects have taken the industry by storm. Some of the games driving the rise of blockchain gaming include Axie Infinity, Splinterlands, Alien Worlds, Crazy Defense Heroes, Sky Mavis, and The Sandbox. Not only have these games enabled players all over the world to make money, but they have also introduced innovative mechanics and partnerships. 

Similarly, Metaverse projects have piqued people's interest by introducing ingenious ways for users to interact with one another in 3D space.

As per a report released by the data acquisition and analysis company DappRadar, Web3-based games and Metaverse projects have [raised $748 million](https://beat.10ztalk.com/2022/09/12/web3-games-and-metaverse-projects-raised-748-million-in-august-report/) since August 1, 2022. 

Axie Infinity, one of the most popular games in the field, has surpassed $4 billion in all-time NFT sales, with approximately 36,000 new daily players joining in the last three months.

Despite the ongoing market downturn, blockchain-based games continue to garner attention. According to DappRadar, companies in that field and Metaverse projects have raised approximately $748 million since the beginning of August. This is a 135% increase over July but a 16% decrease from June's figures.

Gabriel Leydon, the founder of Machine Zone, made one of the largest investments of $200 million in Web3 games.

Temasek, a Singaporean investment firm, led the latest $100 million funding round for Animoca Brands to increase the company's exposure in the sector. 

Xterio, a cross-platform publisher and developer of high-quality mobile and web3 games secured a $40 million fundraising round. 

Last year, the gaming space raised around $4 billion. This figure has already been surpassed in 2022, with investments totalling around $7 billion. If current trends continue, the figure is expected to reach $10.2 billion by 2022.

## DappRadar July report

At the end of July this year, the firm determined that blockchain games and Metaverse projects appear to be faring much better than other industry segments during the crypto winter. 

According to the report, unique active wallets (UAWs) decreased by 7% in Q2 compared to the previous quarter. This meant that people were still interacting with blockchain decentralised applications at nearly the same rate as before the [Terra collapse](/news/article/terra-luna-collapse).


Web3 games and Metaverse projects raised $748M

The NFT market has attracted great attention in recent years, and many people have begun exploring this industry.

[NFT](/news/category/nft-news) is an abbreviation of non-fungible token, which is a one-of-a-kind digital asset that cannot be copied or traded for anything else. NFTs may symbolise anything, from art to music or tweets to virtual real estate. The NFT market is predicted to develop drastically in 2023, and we will see more innovative applications for this technology.

What is the NFT market? It is a place where individuals can trade, buy, and sell unique items. This internet marketplace is similar to an auction house but has a decentralised approach. That means no centralised entity governs it. As a result, anyone may participate in this open and transparent market.

The NFT industry is expected to grow in 2023 due to the increasing interest of content creators, such as artists and musicians. Many have already started using NFTs to sell their digital creations. NFTs allow them to verify the authenticity and ownership of their work and generate additional income. This allows artists to sell their work directly to their audience without middlemen. This notable trend is expected to continue as more artists embrace NFTs.

Another factor contributing to the NFT market growth is the increased use of blockchain technology. NFTs are built on blockchain tech, which provides secure and transparent storage and transfer of digital assets. More people will explore and engage in the NFT market as they become acquanited with this technology.

The NFT market is a prime example of how blockchain has the potential to revolutionise multiple sectors.

## NFT Use Cases

As the NFT market evolves, we can clearly see its expansion through various use cases. NFTs have the potential to represent many objects, and we can expect more innovative applications for this technology in the future. Many businesses are experimenting with using NFTs in areas such as ticketing, gaming, and [virtual real estate](/news/article/tokenized-real-estate). There is also the possibility of using NFTs for digital identification to resolve issues related to online identity verification.

Increased investor interest is another reason the NFT market is expected to grow. NFTs are established as a new asset class, and many investors are keen to learn more about them. As rare NFTs sell for millions of dollars, the market's liquidity is expected to soar as more people get involved.

The rise of NFTs is driven by vital factors such as the growing interest from content creators like artists and musicians, the acceptance of blockchain technology, the creation of new use cases, and investor interest. As the NFT industry thrives, it will create new possibilities for investors, artists, and other crucial market participants.

Learn more about NFTs and visit [Crypto Club Site](https://cryptoclubsite.com/).








Will the NFT Market Develop in 2023?

The Claymates NFT project is an innovative take on digital collectables. It combines [Cardano's blockchain technology](/news/article/cardano-analysis-and-explanation) with art, culture, and music. Clay Labs Digital launched these NFTs as part of the Clay Nation project in April 2021. 
[Claymates](https://www.claymates.org/) promotes sculpture art by turning hand-sculpted characters into non-fungible tokens. It introduces a collection of more than 10,000 unique collectables with real-life sculpture traits. In the Clayverse, these Claymates play a critical role as they can work as user avatars.

The concept behind Claymates Clay Nation is the brainchild of Isobel Robson and Lenna Onto, who founded it back in 2021. It is a creative take on digital assets built around the concept of ‘claymation’. Claymation, or clay animation, is a conventional method of filmmaking from modifiable characters.

Claymation is a popular animated filmmaking method using stop-motion photography. These NFTs are created algorithmically to shape different 3D sculpted characters. The collectables live on the Cardano blockchain as lively clay characters. The Claymates collection is created for entertainment, and you can collect them as your avatars in Clayverse.

## Clay Nation digital collectables 

The [Clay Nation](https://www.claynation.io/) collectables are among the most highly rated projects on the [Cardano network](/news/article/cardano-nft-marketplace). The series introduces 10,000 hand-sculpted unique character NFTs. All of its NFTs sold out within hours of its first drop.

So far, the project has launched NFTs in two series. It has also published an expansion pack and collaborative art pieces separately. It collaborated with several other Cardano projects like Collabits, Good Charlotte, and SpaceBudz.

## Claymates NFT price

According to the analytical data by [Open CNFT](https://opencnft.io/clay-nation-by-clay-mates), the floor price of these NFTs has been ₳4,100. The total volume traded in this project is ₳32 million.

Interestingly, in the past 30 days, the average price of Claymates was ₳5,218.35. In this period, a total of 248 assets were sold. Moreover, the ADA traded volume was ₳1,294,150.


![screenshot of line graph](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_20_at_14_08_58_63e95e707a.webp)


## Why does Claymates use the Cardano blockchain?

The primary reason behind opting for ADA for Claymates NFT project was its founders' previous affiliations with the network. Before launching Clay Nation, Lenna Onto worked with [IOHK](https://iohk.io/) for a stake pool.

As she was familiar with the ins and outs of the Cardano ecosystem, she opted for it for her clay-esque NFTs. The project’s white paper mentions that “Cardano is our roots”.

Secondly, the founders were also inspired by the ethos and sustainability of the blockchain. In addition, the blockchain platform is known for its dynamic community and diverse network, which aligns with Claymates’ vision. Charitable initiatives and fostering inclusivity are common goals for both. The founders dubbed the network a ‘natural home’ for their project.

## The future of Claymates NFTs

It is already ranked among the top three projects on Cardano. It has partnered with several big names in the art and music industry.

One famous name is Good Charlotte, an American band. Meanwhile, another striking collaboration has been with the renowned American rapper Snoop Dogg and his son Champ.

These partnerships indicated what its digital collectables can offer the entertainment industry.

If the project continues to bring forth new collectables and partner up with more artists, it can be a huge success for Cardano, too. As NFTs are becoming more popular, Claymates can become a trendsetter in the market.

Exploring the Claymates NFT Project

Global entertainment Titan Sony, through its affiliate Sony Network Communications, has launched a Web3 incubation program in partnership with blockchain innovation hub [Astar Network](https://astar.network/).

The partnership aims to advance relevant technologies by helping upcoming startups gain initial traction. 

According to an official [press release](https://astar.network/incubation/) by the multi-chain smart contract platform, the incubation program is meant to support [Web3 initiatives](/news/article/what-is-web-3.0-crypto). It will mainly focus on highlighting the practical applications of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs). Singapore-based Startale Labs, the brainchild of Astar Network CEO and founder Sota Watanabe, organizes the program. 

## Astar Network ongoing partnerships

The Astar Network CEO stated that [applications for the program](https://astar.network/incubation), which will run for three months beginning mid-March, open on 17 February and close on 6 March. Watanabe explained that the successful participants would be placed in 10 to 15 cohorts. The facilitators will include experts from global VC firms like Dragonfly, Fenbushi Capital, and Alchemy Venture. Moreover, the successful candidates will also access additional business strategy and tech support based on Astar's development, past consulting, and business expertise.

In tandem with its ongoing partnership with firms interested in exploring Web3 technology use cases, the incubation program aims to enable startups to convert their viable ideas into visible products irrespective of the Web3 startup phase. Using the firm’s robust ecosystem, the program will prioritize candidates engaged in [DeFi](/news/article/what-is-a-defi-token), Web3 gaming and metaverse, and infrastructure.

## Recent partnerships

Startale Labs develops DApps and infrastructure and acts as the gateway for enterprises interested in partnering with Astar Network by offering consulting services leveraging knowledge in multi-chain protocol development.

The Japanese tech giant Sony ventured into the burgeoning NGT gaming field alongside embracing Web3 technology in the recent past. The firm that is popular for its PlayStation gaming consoles launched a motion-tracking wearable Metaverse gadget in November 2022. The firm has already set up a regional office in Singapore to run development and consulting services for NFT-related products.   

Besides partnering with Sony, Astra also recently on-boarded Japan’s leading car manufacturer Toyota as it began to explore how it could introduce the Web3 experience into its operations. Apart from becoming among the first parachains to embrace the Polkadot ecosystem, the firm has also on-boarded Japan’s NTT Docomo to facilitate mass adoption of Web3 and its social implementation.


sony and astar logos on blue image of blockchain

Astar Network and Sony Launch Web3 Partnership 

It’s no secret that digital art and pop culture go hand in hand. Still, you won’t find many [marketplaces](/news/article/nft-art-marketplaces) dedicated explicitly to these art pieces. Nonetheless, one platform which has made its name in pop industry NFTs is [Droppp](https://droppp.io/). 

It leverages one of the most popular blockchains for Web3 projects, [WAX](https://www.wax.io/). The platform offers various collections of popular culture-related digital collectables. It's a beginner-friendly platform, and even those with limited knowledge of crypto and NFT can easily navigate it. 

## What is the Droppp NFT marketplace?

A leading lifestyle brand, Funko, backs the Droppp marketplace. The brand deals with various fandom-related toys and other accessories and extended its product line by including digital collectables on this platform. You can find NFTs based on fandom themes like [Game of Thrones](https://droppp.io/drop/75/game-of-thrones-series-1/), [DC](/news/article/the-batman-cowl-nft), [The Matrix](/news/article/matrix-nft), Nickelodeon cartoons, and others.

It not only allows you to hold a digital asset, but also gives you a chance to get physical collectables. There are redeemable NFTs for which you can get Redemption tokens. With these tokens, you can get any physical item.

Dealings within the marketplace are pretty straightforward. You can create an account with your email, Google, or [Apple account](https://support.apple.com/guide/healthregister/create-an-apple-id-apdfe783ba7c/web) to get a free version. However, you must get the premium version to access a personalised wallet address. Transactions on the platform are in USD, so you don’t have to deal with crypto.

## How do I buy from Droppp?

To buy an NFT from its marketplace, you would need a Droppp wallet, which can be either a free or premium account. Premium one can give instant access to a customisable “.dp" wallet. It also allows you to purchase NFTs from other markets, and the assets are transferable with it. You can acquire all these features for $4.99 only.

The free version has limitations, like not offering a wallet until you purchase a pack directly from the launch. You also have to deal with a support member to activate the address.

After choosing an option and activating the wallet, you can buy assets from NFT collections. You can use your credit card, [Apple Pay](/news/article/stablecoin-issuer-circle-apple-pay), or [Google Pay](https://pay.google.com/) to buy it.  

## Is Droppp.io safe?

It is a secure option built with a trusted blockchain, WAX. Moreover, the transactions are transparent and verifiable with various pop brands’ affiliations, which speaks for its credibility.


Droppp NFT Platform Explored

[Ramp Network](https://ramp.network/) is a fintech company that provides payment infrastructure to bridge the crypto-finance divide.

The company's goal is to create a meshed, easily accessible link between the open blockchain financial system and the old, closed banking system, removing the requirement for a trusted third party to act as a go-between.

It is a non-custodial, full-stack payment system that speeds up transaction implementation and fosters confidence among its partners with its superior technology. It is accessible in more than 160 countries, which has ensured that it has millions of customers and more than 400 registered partners.

Przemek Kowalczyk and Szymon Sypniewicz founded the network in Poland in 2018. Ramp Swaps is a crypto asset firm registered with the [UK Financial Conduct Authority](/news/article/ftx-uk-warning) for crypto activity. The network Link's open banking operation is regulated by the Polish Financial Supervision Authority.

The company has received [$133.9 million](https://www.crunchbase.com/organization/ramp-3b7b) in investment over four rounds. Their most recent funding came from a Series B round on 9 November, 2022. So far, 27 investors have contributed to the financing of the company. The most recent investors are Korelya Capital and Cogito Capital Partners.

## What are the benefits of Ramp Network?

It provides a simple way for users to buy and sell cryptocurrencies directly from Dapp. Ramp's partners could reach larger customers, receive payments, and provide regulated services to their end customers while remaining compliant.

Enterprises, [games](/news/article/best-farm-games-2022), NFT(non-fungible token) marketplaces, decentralized finance businesses, [wallets](/news/article/top-rated-bitcoin-wallets-uk), and any other company that wants to provide fiat-crypto flow to their users within their products can use the company's platform integration, allowing clients to quickly enter into contracts and lock a digital asset for their operations.

## Ramp Network is fully compliant

You can be confident that any transactions done with this tool are entirely secure and guaranteed due to official legislation, institutional control, and modern technology. 

As a regulated organization, it has ensured that KYC rules for [crypto](/news/article/are-crypto-gains-taxed-in-uk) purchases are followed. This implies that to transact via Ramp, you will need to work with this network to verify your identity. This company can verify your KYC identity using your bank account data and the open banking API. This procedure takes only a few seconds, and no physical documents are necessary.

Smart contracts protect Ethereum transactions made possible by the Instant bank transfer payment option. The network’s open source employs smart contracts, which makes them capable of being industry leaders in the coming years. In addition, their smart contracts are audited by Quantstamp, which again proves the quality.

## Bottom line

Ramp partners can reach new audiences, collect fees, and provide regulated services to their end customers while remaining compliant. It will be exciting to see how Ramp Network uses its technology, team, partners, and the trust of its customers to scale its platform to be a leader in the industry.


Green image of computer network with ramp logo

Ramp Network - Accelerating Crypto Adoption

Leading blockchain infrastructure provider and data aggregator for guilds and [Web3](/news/article/what-is-web-3.0-crypto) projects, [BlockchainSpace (BSPC)](https://www.blockchainspace.asia/) has [acquired the majority stake](https://twitter.com/Blockchain_SPC/status/1615680705916198912) at gaming and e-sports media house and agency, Metasports. The move sets the stage for excellent prospects for the Web3 community as the year 2023 unfolds.   

The strategic partnership with Metasports, at a time of increased market uncertainty, is expected to generate more value for BSPC's Guild Hub, the firm's flagship product, while giving Metasports a solid foundation to access high-impact Web3 communities.

BlockchainSpace founder and CEO Peter Ing said the partnership aligns with similar objectives. It will become a springboard toward a robust 2023, hoping it will enable the firm to take even more significant strides as the year progresses.

Commenting, Ing stressed that the companies look forward to "unlocking the potential of blockchain technology" as well as "discovering new ways to drive growth".

## BlockchainSpace addressing business legitimacy issues

BlockchainSpace launched the Guild Hub project in November 2022 after noticing that while the emergence of increasing online Web3 communities associated with gaming guilds was instrumental in driving web adoption and creating entrepreneurial opportunities, business owners needed a forum for legitimizing their businesses. 

The Guild Hub, therefore, is a forum aiming at addressing the business legitimacy issues and offering a more effective way of monitoring the Web3 community while guaranteeing that every guild is accounted for and is safe to partner with.

With Guild Hub, BlockchainSpace provides all guilds with a "Guild Profile", a BSPC-certified identity enabling the stakeholders to access various projects and platforms besides viewing participating platforms, products, services, news, analytics, and crypto on-ramps and off-ramps. The Guild Hub is also designed to enable [Web3 games](/news/article/web3-games-raised-millions) to determine what guilds to partner with while players can select the right communities with which to connect.

## Introducing significant changes

Launched in December 2021, [Metasports](https://www.metasports.gg/) is the go-to media house and gaming agency and the parent organization behind successful online publications like Lunacian Sports League, Kookoo TV, SEAesport News & Media, and others.

The firm offers access to leading content creators and more than 500 Web3 guilds, besides acting as a bridge between Web2 and Web3 gaming.

Through their newfound partnership, both firms are geared toward introducing noteworthy changes to impact their business development, besides significantly contributing to the success and longevity of the up-and-coming global Web3 community.


blockchain space logo over image of cryptocurrency coins

BlockchainSpace Takes Bold Leap in Web3 Gaming 

The need for alternative forms of payment has never been greater. The rise of Web3 payment solutions, like Kasta crypto, proves this need is more than just a passing trend.

The Web3 payment provider Kasta was developed to expedite the adoption of decentralisation while providing a viable medium of digital exchange.

Built on the Polygon network, Kasta crypto is an [ERC-20](https://en.wikipedia.org/wiki/Ethereum#ERC20) token allowing holders to send and receive the same coins instantly and for free. This simplicity and ease of use will make the platform a hit in the digital revolution.

## Simple yet powerful

The project has been designed with simplicity in mind, making the transfer of digital assets safe and convenient. Holders can send tokens via mobile number or by simply scanning the QR code. Using crypto has never been easier.

At its core, the project is a basic wallet application with various features encouraging everyday use. This accessibility means anyone can quickly learn to use the platform for their own benefit.

The application is a powerful all-in-one wallet allowing even the most novice crypto users to enter the Web3 world. While the platform only supports eight coins so far, they include some of the most popular tokens on the market.

## Easy Swap

The platform's native token is the [$KASTA coin](https://coinmarketcap.com/currencies/kasta/markets/) which is currently available at a wide variety of exchanges, including Gate.io, UniSwap, and ByBit.
With a current circulating supply of 129 million priced at $0.0266 per coin, the total market cap is $3.4 million.

The 'Easy Swap Engine' allows holders to choose which token to receive, regardless of the coin sent. For example, should a friend send Bitcoin, you can simply change your settings to ensure that all crypto is received in Ethereum.

Kasta crypto token forms the backbone of the application, and, alongside P2P payments, it will soon be used for several other purposes.

## Future of Kasta

This project is a shining example of a P2P payment processor and is leading the way in blockchain adoption and Web3 development. The company has ambitious plans for the future, with many features currently in the pipeline. 

In the near term, users will be able to earn passive income by taking advantage of various yield-generating opportunities via the mobile app. Furthermore, platform users will also be able to apply for a debit card, allowing them to spend their crypto holdings in a wide variety of merchant stores. 

Lastly, all application users will be able to choose to stake their idle crypto and earn passive income.

With countries like Nigeria pushing their citizens to adopt [distributed solutions](/news/article/paybis-rewards-customers), the future of cross-border payments is about to change. Applications like Kasta crypto are at the cutting edge of the decentralised revolution and will form the backbone of the future society.


Kasta Crypto - Changing Thinking on Money

[Biconomy](https://www.biconomy.io/) is one of the outstanding companies rooted in India, paving its way into the Web3 space. The company provides a cross-chain layer infrastructure handling transactions and gas payments bridging applications into Web3. It also owns the BICO token, which has been listed on many exchanges.

While many Web3 applications are built on Ethereum, the increased traffic is causing congestion on the blockchain. The congestion significantly raises gas prices forcing developers to seek alternative chains for their applications.

## Impact on Web3

Biconomy's network allows gasless transactions bringing down all costs for decentralized finance (DeFi) applications facilitating Web3 transactions. Some of its well-known products include Mexa, Forward, and Hyphen.

Mexa facilitates gasless transactions in decentralized applications (Dapps). Forward on the hand, allows users to pay their transaction fees using tokens instead of gas. Hyphen, the final product, provides fast and less expensive token transfers through different [blockchain](/news/article/what-is-blockchain) networks.

The combination of these products renders the protocol multiple uses. Users are empowered with the freedom to enjoy seamless gasless transactions while still interacting with layer1 and layer2 solutions. With time, it can be integrated into any Web3 platform with crypto-enabled transactions.

## Developer Perks

Many developers are already leveraging Biconomy and its multi-chain stack, offering a better user experience in Web3 products in de-Fi, NFTs, and gaming, among others. Users are provided with the following:

•	Plug-and-play Application Program Interfaces (APIs) and Software Development Kits (SDKs) – Among the network’s core features are APIs and SDKs that aid developers in building dApps with incredible user experience.

•	Gasless Transactions – With most Web3 apps, users must pay a gas fee for their utility. This cost hinders the mass adoption of Web3 products. As with platforms like Netflix, users do not pay server fees every time they watch movies. Similarly, Biconomy users are free of charge.

•	Multiple Currencies – While most Dapps are built on Ethereum, their dominant payment option is ETH. Biconomy supports multiple tokens and allows users to make payments with their preferred currencies.

•	Simplified User Interface – Interacting with Dapps entails creating blockchain transactions requiring crypto knowledge and technical; experience. In this case, the user interface has been optimized to the highest levels of simplicity.

•	Cross-chain Transfers – It is not easy to make transfers between chains. The inherent multi-chain characteristic facilitates transactions on blockchain arrays and L2s. It also eases communication while securing value from different chains.

## Biconomy Coin Functionality

Biconomy’s native token is BICO, launched last year and runs as an ERC-20 token on the Ethereum blockchain. BICO has the following functions:

•	Network Fees – The re-layer infrastructure network is maintained by node operators acting as validators and executors for settling and verifying transactions. Node operators must pay a transaction fee in $BICO when adding new transaction data on the chain and, in return, earn $BICO based on the work done on the chain.

•	Stakeholder Incentives – BICO holders are entitled to earning passive incomes through staking. The Proof of Stake (PoS) and liquidity pool integrated into the network assert high security and 100% uptime.

•	Network Governance (Voting rights) – BICO holders have the right to vote, submit requests, and feedback that, when incorporated, shape the future of Biconomy's milestones and endeavors. The governance operation model entails participating in numerous activities like changing the network code, adding and removing services, and allocating funds from the treasury.

## Who is building the BICO crypto?

Biconomy foundation dates to 2019 with the following founders: Aniket Jindal, Sachin Tomar, and Ahmed Al-Balaghi. The team comprises Indian nationals with a great passion for blockchain technology. Jindal brings a wealth of knowledge after studying at the Prestigious Fudan University and years of experience working with Binance. Balaghi is a seed founder and investor in Polygon (previously the Matic network). Tamar has been an engineer at Samsung Electronics and an early Ethereum blockchain enthusiast.

According to [BybitLearn](https://learn.bybit.com/), on 21 July, 2021, the trio raised $9 million through private funding led by the Mechanism capital. Other companies, like Coinbase ventures, have also invested in Biconomy. Additional significant fundraising includes the recent October, which totaled $11.5 million through the public sale of BICO tokens.

## Biconomy Price

BICO hit its all-time-high (ATH) price, $21.87, in December 2021. While we have seen significant down trends in the market with the crypto winter, BICO is not exceptional. Looking into January 2021, it had dropped to $3.50, and as of the time of writing, it’s at $0.43995.

Biconomy is platform building for the future of DeFi and adoption for Web3. Each day, it onboards new partners and will reclaim its ATH in the coming days.

## Putting it All Together

The performance of BICO has not been stellar. However, the developmental team demonstrates clear use cases for its outstanding innovations. Biconomy is looking to be a worldwide facilitator for Web3 transactions.




blue image of crypto coins and biconomy logo

What is Biconomy?

Kava Crypto project is of great potential and can transform the DeFi space. But can the project compete with the big boys in Web3?

There is no shortage of DeFi protocols that offer users decentralized collateralized loans. Still, regarding user experience and trust, only a few protocols stand out, including Kava. 

## Kava crypto project recap 

As a protocol seeking to become the de facto DeFi platform in Web3, the Kava crypto project offers its users CDP or collateralized debt positions. This allows users to borrow against their collateral which can be in one or more coins (up to four). Collateral can be in BTC, ATOM, BNB, or XRP. This is where Kava stands out, as it makes it easier for users to take out loans.

## How does lending work on Kava? 

Since Kava is built on the [Cosmos](/news/article/cosmos-crypto-explained) blockchain, users lock their cryptocurrencies on smart contracts deployed on Cosmos. Users can then borrow against their locked assets in the form of USDX. This is the stablecoin of the platform, which is pegged to the USD. Of course, all loans are over-collateralized due to the volatile nature of the crypto market.

If users want to earn interest on their assets, AKA lend them to others, they can do so and earn the interest in the shape of $Kava.

## You can use the platform to:

•	Borrow against your collateral and pay bills, buy things or re-invest that leveraged money (highly risky).

•	Earn interest on your stored assets.

This saves a lot of people from having to liquidate their sets when they need the cash urgently.

## Kava crypto: $KAVA 

The project relies on [Proof of Stake](/news/article/pos-vs-pow) as its consensus mechanism and $KAVA is the Kava crypto’s token. There are currently 320 million $KAVA circulating with no maximum supply. The token’s price is currently trading at the $1 mark (5th December 2022).

Initially a BEP-2 token, now it is living on the Cosmos Hub. [You can earn up to 38% staking $KAVA](https://www.stakingrewards.com/earn/kava/), depending on how many tokens you are staking. Delegation is available and can be done quickly via [Binance](https://www.binance.com/en), which has a validator node running for the Kava project.

## Current challenges 

Although the Kava crypto project completed [the ETH bridge launch](https://www.youtube.com/watch?v=yDQPsCr3RBg), it is yet to release the BNB chain bridge in Q4 of 2022. With the [latest developments in the market](/news/article/ftx-exchange-under-investigation), the project will face hardships in committing to its planned roadmap. So far, the project has successfully put checkmarks on almost all of its milestones, but will it survive through the current bloodbath?

Another concern is [USDX's](https://www.gate.io/blog_detail/1049/USDT--DEI---Kava-Network-Stablecoin-USDX--also-Suffer-Depeg-Amidst-UST-Blood-Bath) de peg last May which is still hurting the project as USDX never fully recovered its peg to the USD 1 to 1. 

Currently, USDX is trading at $0.88, almost 12% less than the USD's value.

The Kava crypto project holds some advantage over its competitors, especially when it comes to the [Tendermint](https://www.gemini.com/cryptopedia/cosmos-ignite-crypto-consensus-tendermint-ecosystem) consensus mechanism. 

However, the DeFi space is only getting more competitive by the day as more protocols deploy creative solutions to attract users. Will Kava’s focus on the long game and its partnerships with Binance and XRP save it from becoming the next victim of this bear market?


Kava Crypto: Does it Stand a Chance in 2023?

[Flow](https://flow.com/) is a new kind of blockchain that's optimised for developers. Its unique architecture enables developers to build scalable decentralised applications quickly. According to [today's crypto brief](https://coincodex.com/crypto/flow/), Flow token is currently ranked [#1 in the NFT Tokens sector](https://coincodex.com/cryptocurrencies/sector/nft/) and #21 in the [Layer 1 sector](https://coincodex.com/cryptocurrencies/sector/layer-1/) in terms of market cap.

The Flow project, as a decentralised platform, was built to facilitate the exchange of goods and services. Flow token is based on the ERC20 standard and is built on the Ethereum blockchain. It uses blockchain power to create a trustless system that allows users to conduct transactions without fear of scams or fraud.

[Flow's token, FLOW](/news/article/trending-crypto-coins), is central to the network and used to pay for transaction fees, gas, and other services. FLOW is also used for staking and delegation and to create new tokens.

The Flow blockchain is powered by a consensus algorithm called "gas". Gas measures the computational resources required to run a transaction or program on the Flow blockchain.

## The team and advisors

The team comprises experienced professionals in blockchain, business, and technology. Co-founder and CEO Roham Gharegozlou leads the team. Roham has more than 15 years of technology sector experience and is a serial entrepreneur. He is also the co-founder of BlockCypher, a blockchain platform that provides APIs for developers.

## Flow tokenomics

FLOW is a utility token created to facilitate transactions on the Flowchain blockchain. It is important to note that the Flowchain is more than just a platform for developing decentralised applications. It is also a platform for the [execution of smart contracts](https://flow.com/feat).
FLOW has several use cases on the Flowchain blockchain.

## Use cases for Flow Token

FLOW is designed for use in a variety of real-world applications. [Some of the most popular use cases](https://flow.com/flow-token-economics) include:
•	Payment processing: Flow can be utilised to pay for things online or in-store.

•	Microtransactions: They can be used to pay for small transactions, such as digital content or in-app purchases.
•	Asset management: They can store and manage digital assets.

•	Data monetisation: Flow can be used to monetise data and create new revenue streams.

## The Flow blockchain roadmap

Flow's aggressive roadmap will release several essential products within the next two years. These products include:

•	A decentralised micro-jobs platform.

•	A universal basic income program.

•	A Dapp Store for decentralised applications.

•	A P2P payments system.

•	An advertising platform.

## Why Flow is the next big thing in blockchain

There are a few reasons [why Flow is the next big thing](https://www.coindesk.com/business/2022/05/10/dapper-labs-debuts-725m-ecosystem-fund-for-flow-blockchain-development/) in blockchain. First, Flow has a solid team of developers who are experts in their field. Second, Flow has a clear vision and roadmap for the future. Third, the Flow token is well-positioned to take advantage of the current market dynamics. Finally, FLOW has excellent potential for long-term growth.

In conclusion, FLOW has [a lot to offer investors](/news/article/trending-crypto-coins). However, the minimum, maximum, and average token prices for the year may be around $7.08, $9.00, and $11.12, respectively. According to some unpopular forecasts, the price for the years 2023 and 2024 may remain the same.



Flow Token: An Introduction

[Uquid](https://uquid.com/) is one of the largest Web3-based platforms, offering physical and digital products. It creates smart shopping experiences for users by bringing the world of e-commerce and DeFi together. 

To enhance customer experience, it has announced integration with the [Polygon network](/news/article/polygon-crypto). The smart marketplace will leverage Polygon’s low fees, high efficiency, and, most importantly, scalability. It will also allow Uquid to employ its vigorous developer ecosystem.

![uquid.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/uquid_fd41c6718c.png)
 
It will allow customers to enjoy another payment method, the MATIC token. In addition, this Web3 market will have access to Ethereum through this integration.

## Shared vision of building eco-friendly platforms

Both Uquid and Polygon share the vision of [sustainability](/articles/our-news/sustainable-future) and environmental preservation. MATIC’s network is known for being the least harmful to the environment. That’s why the smart marketplace opted for its scalable ecosystem to develop its market. Uquid believes that the MATIC network can shape a user-friendly and environment-friendly platform. 

It will not only reduce gas fees for users, but will also allow easy access to cryptocurrencies. Users can also enjoy access to various decentralised apps (DApps) available on Polygon. 

## About Polygon

[Polygon](https://polygon.technology/) is one of the leading Ethereum scaling solutions. It is entirely decentralised and ideal for creating Web3 DApps. The network leverages Ethereum's security and provides high efficiency at affordable costs. More than 53,000 DApps have chosen its scaling solution to build their platforms. Among them, names like Uniswap, OpenSea, and Aave are notable. 

The network is also a leading force in the non-fungible tokens ([NFT](/news/article/nft-art-marketplaces)) market. It has collaborated with numerous key players in the industry, including [Disney](/news/article/matic-disney-collab), Instagram, Adobe, Stripe, and others.

## About Uquid

Uquid is a platform that first introduced the idea of Web3-based smart shopping. It bridges the gap between the DeFi world and e-commerce by offering more than 85 million products. The platform also introduced the concept of a shop-to-earn market.


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