Project Watch: This Week’s Look At The Projects Building A Decentralized World
Blockchain recognition has expanded quickly over the last year and is now entering the current zeitgeist becoming a buzzword in homes across the world. We are still however at the very beginning of blockchain adoption globally, mainly because of the lack of technological entry points for the masses. Today, Projects are finding more and more ways to utilize the technology to bring value and efficiency to people’s lives, bringing us closer to mass adoption. We at PAID Network believe that when the blockchain industry thrives, so does the PAID ecosystem. So here are a few projects within the crypto ecosystem that we believe are projecting the industry forward.
One of the biggest developments in crypto over the last year has been the rise of NFTs. All sorts of celebrities from Tom Brady to the Undertaker are looking for a way into the NFT market. Unique provides its users with everything they need to get involved in NFTs. It provides the means to mint NFTs, a marketplace to trade them, and a wallet to store them. Uniquely is built on Polkadot and all of its components are open source, allowing others to create solutions on top of each component. It also has many advanced features, including the ability to earn tokens for sponsoring freemium gaming and interoperability between Polkadot, Kusama, and Ethereum.
As the NFT world continues to boom more users will be searching for a service like Unique to provide everything they need to engage.
Drife is the decentralized world’s answer to Uber. A decentralized ride-hailing experience, Drife shifts the focus from current commission-based platforms to a new subscription based economic model. Price is determined by a blockchain-enabled auction mechanism that gives both riders and drivers the power to control their rides. Fares on Drife are fixed based on the criteria of a pre-agreed smart contract, bringing the unequalled transparency allowed by blockchain to the ride sharing industry.
There is much controversy surrounding Uber and the difficulty that drivers have earning money on it. Utilizing the power of blockchain, Drife are offering a way for drivers to offer rides commission free, maximizing their own return.
2Crazy is a blockchain based gaming platform that hosts a wide range of popular games. Now, 2Crazy is launching an NFT platform that gives users the opportunity to play with or against their favorite players in eSports. New NFTs are announced and users have the ability to bid for them in an auction using 2Crazy’s native token, $2Crazy tokens. Ownership of the NFT will allow players to take part in special NFT based events involving their favorite eSports player.
2Crazy players can also trade participation in the unique NFT-based events, as well as taking part in giveaways and lotteries for staking tokens. 2Crazy isn’t just a gaming platform, it’s an NFT-based ecosystem that is built around the growing world of eSports.
Subsocial provides the framework for anyone to make their own personal, decentralized social network. Subsocial markets themselves as a decentralized version of Reddit where people can create their own “subreddits” in the form of social network sites. Built on Polkadot, the framework provides the means for any platforms created on it to be censorship-resistant.
Subsocial is offering an alternative to the current social media paradigm. Removing the centralized body controlling most sites means that there is more room for customization, monetization is fairer and the algorithms that control what we see are more transparent.
Demodyfi is a cross-chain AMM DEX built on the Polkadot smart contract platform, Moonbeam. Their mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance. The DEX comes with a host of features to facilitate this. Demodyfi allows users to swap between assets on different chains, access multi-asset liquidity pools, and to take out flash loans from any of these pools. It also gives users the ability to create and deploy NFTs.
With the prospect of large fees still a common issue with Ethereum, Polkadot has the potential to provide a scalable alternative. Demodyfi will be part of this brand new, low-fee, decentralized ecosystem.
Cartesi is the decentralized Linux infrastructure that facilitates the coding of blockchain protocols. Cartesi provides a bridge from the vast domain of mainstream software stacks to the decentralized world. Based on it native token, CTSI, Cartesi provides limitless coding , massive scalability and guaranteed privacy. Cartesi supports many different blockchains including Ethereum, BSC and Polygon.
Cartesi also features Cartesi Labs, a continuous program to fund research and development of decentralized systems that use Cartesi’s technology stack. Cartesi Labs combines grants, an accelerator, academic programs and crowdfunding platform to incentivize the growth of Cartesi’s ecosystem.
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Plasm to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts to execute DeFi transactions and business agreements seamlessly.
PAID streamlines backend legal operations with SMART Agreements, so that projects can focus on making their brand bigger and better.
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