In yesterday's article , we mentioned several early projects, namely DEXTF, GENE, CBY, IMGNAI, BBANK, RVST, AQTIS, PEAR, MYSO and Geode. Today, we will continue to share the topic of the project, and then take a look at which other projects are worthy of attention in the near future.
In addition, in yesterday’s comments on the public account article, some friends said that the projects shared were relatively unfamiliar, so it needs to be reminded again that since we are talking about early projects (such as projects that were born not long ago, or projects that are still in the development stage, etc.) , then we need to be clear that all early projects are high-risk and have the risk of returning to zero or RUG at any time. Please be sure to DYOR before making any decisions.
Okay, back to the topic, let’s officially start sharing today’s project:
The first project is Lumerin Protocol (LMR)
Lumerin is a routing protocol dedicated to open source decentralized data flow routing. Its first developed product is the Hashpower Marketplace, a peer-to-peer platform that makes Bitcoin hash power tradable and liquid, unlocking mining profitability. To put it simply, Lumerin can turn Bitcoin's Hashpower into a commodity and create a global, decentralized Hashpower trading market for this purpose. This market gives miners more opportunities to get their Hashpower into a larger market and allows others to invest (buy/sell) Hashpower with reduced risk.
Recently (October 10), in order to celebrate the launch of the new Hashpower Marketplace, the project also held a new event to attract users. As shown below.
(The picture above comes from Lumerin Official Twitter)
The second project is Third Time (CROWN)
Third Time is a start-up game development studio and a pioneer in virtual horse racing. Starting in 2021, Third Time began developing two blockchain games based on crypto assets: Photo Finish LIVE and The MVP Society.
Photo Finish LIVE is an NFT game that allows users to own, raise and race digital horses on the blockchain. Users can also buy, sell and trade their own horses on the market, or enter them into various races and championships. In addition to this, users can customize their horses with different skins and accessories and earn rewards by playing games and participating in the community. The MVP Society is an art-based crypto project claimed to be built by an award-winning team for those who represent future leaders.
In April this year, Photo Finish LIVE also reached a cooperation with the Kentucky Derby (the Kentucky Derby, a horse racing event held every year at the Churchill Park Racecourse in Louisville, Kentucky, USA). As shown below.
(The picture above comes from the Official Twitter of Photo Finish LIVE)
In addition, it is said that they will soon switch from SOL to ETH.
The 3rd project is Blocksquare (BST)
Blocksquare is built on the ETH chain and IPFS and is a RWA (Real World Asset) real estate project. Through Blocksquare, any business can digitize and fragment the real estate it owns and provide transaction services. Specifically, companies can convert any single real estate into 100,000 tokens for investors to invest, thereby entering the on-chain market and lowering the investment threshold for real estate.
(The picture above comes from Blocksquare Official Twitter)
The 4th project is Swarm Markets (SMT)
Swarm is also a RWA project that introduces assets such as stocks and treasury bonds from the traditional financial field into the crypto world. It is worth mentioning that Swarm is 100% asset-backed and is regulated and compliant. Users need to undergo KYC review before trading on the platform.
In addition, Swarm also provides broader support for other RWA asset owners. RWA asset owners can use the API and smart contract solutions provided by Swarm to include real estate, carbon credits, More diversified RWA assets such as Private holdings, Stocks and Bonds are introduced into the crypto field and are tokenized and traded in a regulated environment.
A few days ago (October 13), Swarm launched another API that complies with German regulations so that other platforms can offer tokenized stocks and bonds to their users. As shown below.
(The picture above comes from Swarm Official Twitter)
The fifth project is Empyreal Exchange (EMP)
Empyreal is a DEX dedicated to simplifying complex financial instruments and strategies on Arbitrum. It allows users to use Empyreal SDK to build their own Web3. It is a low-code (Low-code) toolkit that can be used to create robots and dApps.
EMP is Empyreal's native token and can be paired with ARB tokens to allow the protocol to leverage accumulated ARB tokens for governance on Arbitrum and have voting rights in the protocol's DAO. In addition, EMP tokens will also be used to share protocol revenue with token holders.
A few days ago, Empyreal SDK’s wallet abstraction and encryption modules won the hackathon held by Oasis Network (ROSE). As shown below.
(The picture above comes from Empyreal Official Twitter)
The 6th project is Soil (SOIL)
Soil is a blockchain-based lending protocol that provides secure returns for stablecoins powered by RWA. It is also a fully regulated DeFi protocol. Traditional businesses are able to obtain financing through Soil, while crypto investors can earn real-world returns guaranteed by RWA assets by lending out their crypto assets, with yields of up to 14%.
(The picture above comes from Soil official website)
The 7th project is Bittensor (TAO)
Bittensor is a blockchain-based open source machine learning protocol. It allows artificial intelligence models to be combined together to form artificial intelligence networks. This decentralized approach allows for rapid expansion and sharing of knowledge, just like a knowledge base.
The protocol uses a proof-of-smart consensus mechanism to commercialize artificial intelligence. Researchers and developers (generators) can contribute knowledge to the network in the form of machine learning models, while businesses (consumers) can purchase this knowledge to create their own applications.
The smart proof mentioned above is a consensus mechanism used in the Bittensor network. It is a variant of the proof of work (PoW) and proof of stake (PoS) mechanisms, but unlike solving complex mathematical problems, smart proof nodes Machine learning tasks need to be performed to demonstrate their intelligence. The more accurate and valuable the output of a node's machine learning model is, the higher the chance that they can be selected and add new blocks to the blockchain, while receiving rewards in the form of TAO tokens.
Some people also compare TAO to Bitcoin in the AI world, because TAO, like BTC, has a total supply of 21 million, and its output is halved every four years.
The 8th project is Realio (RIO)
Realio is an interoperable Layer1 multi-chain Web3 ecosystem focusing on the issuance and management of RWA tokens. It provides a new type of secure digital identity verification that allows users to invest through their own personal digital identity representatives, and this authentication method allows users to hold their private keys directly without storing them on a central node .
Recently, they also integrated BNB Chain and made some small progress. As shown below.
(The picture above comes from the Realio official website)
Special thanks for this article: CryptoNikkyous, 0xTHades, Senka (cover design)
Disclaimer: The above content is only for popular science learning and communication among crypto enthusiasts and does not constitute any investment advice. The crypto market is an extremely high-risk area, please treat it rationally and increase your awareness of risk prevention.
