Project Watch: This Week’s Look At The Projects Building A Decentralized World
As mass adoption becomes more of a reality, we are seeing more and more ways to utilize blockchain technology. We’re proud to be a part of this vision. With that in mind, we’d once again like to take a look at some of the revolutionary projects that are helping to build the decentralized world.
Crypto users generate many different decentralized identifiers (DID) across different blockchains and crypto projects that they use. All this generated data is scattered which can sometimes make utilizing it very difficult. This is where Litentry comes in. Built on Substrate, Litentry is an identity aggregation protocol that serves multiple networks. It enables DID aggregation, verification and credit calculation and grading.
Litentry is a totally decentralized means to store your identity. Its native token LIT provides holders with the means to govern the system. The decentralized aspect of this project guarantees the most important feature of all: privacy. PAID network already utilizes Litentry’s identification features to authenticate user identity and integrate aggregated on-chain data when user’s create a profile on the PAID DApp.
There are many different blockchains across the crypto sphere. The different tokenomics and use cases of each one are what makes the crypto world such a diverse space. However, as the world develops, it is vital that these chains are able to become more integrated with one another. KardiaChain facilitates just that. With its non-invasive cross-chain technology, KardiaChain operates as a conduit that allows cross-chain communications between both private and public blockchains, regardless of their protocols.
KardiaChain has already partnered with PAID in an effort to promote blockchain adoption amongst traditional businesses. KardiaChain will be key to that adoption.
One major development of this past year in crypto has been the rise of blockchain gaming. This has very much been facilitated by the rise in popularity of NFTs and it represents a whole new way to utilize blockchain. SeaScape offers users a suite of features that allows them to engage in this new scene. Primarily, SeaScape offers game developers the means to create their own blockchain for their games. This comes along with a cross-chain bridge to keep all game assets connected. SeaScape also offers an NFT and Token DEX, a Game Store and the implementation of gamified aspects into DeFi.
SeaScape is based on its native Crowns token which is used as a reward for gamers. SeaScape is the platform that could power an entire Gamified DeFi Ecosystem. Already partnered with PAID, Seascape will use PAID’s standardized SMART agreements to form future business agreements with software developers looking to create and improve gaming projects on their platform.
The one thing that connects all the many varied NFTs across all the different blockchains is that they all have value. Liquidifty is a project aimed at unlocking this value. Already live on Binance Smart Chain, Liquidifty provides NFT holders the means to extract liquidity from their tokens. Using cross-chain NFT price oracles, loans can be issued with NFTs as collateral. Liquidifty also provides smart contracts that allows users to invest in NFTs jointly. Also featured is an NFT marketplace and exchange and NFT Vaults. Liquidifty is decentralized and is built on the LQT token that grants governance and utility.
Having launched their IDO on Ignition, Liquidifty is another project that is already closely linked with PAID. We’re very excited about the value that this project can bring to the space.
With the huge influx of new people into the crypto sphere, there are a lot of inexperienced investors. With the market showing huge amounts of volatility, there is a danger that many of these new investors could lose a lot of money. TeraBlock is designed to simplify the intimidating prospect of investing in crypto. TeraBlock provides machine-learning driven cryptocurrency trading.
Built on its native TBC token, TeraBlock’s strategies calculate the best time to enter and exit the market. It’s a fully automated service, meaning users don’t have to worry about spending days scanning price charts.
This year has proven very successful for incubators. Many different projects committed to building a decentralized world have found their start in incubators. However, Decubate is a crowd-sourcing incubator with a difference. Decubate doesn’t look to incubate blockchain startups. Instead, it targets traditional startups and provides them the means to benefit from one of blockchains most significant solutions: tokenization. Decubate provides fractionalized ownership, smart locking and vesting, fair allocation and easy staking and pooling. All of this allows investors to own a stake in a traditional startup by purchasing tokens instead of shares.
The tokenization of traditional projects could prove to be one of the most revolutionary aspects of blockchain. It allows blockchain to achieve genuine, real world use cases in an almost infinite number of cases. Decubate are already positioning themselves to be at the forefront of what could be a huge movement.
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.
For any questions for the PAID network, please feel free to reach out to us on