The year 2021 was a pivotal event for cryptocurrencies all across the world. In November, the entire market capitalization of crypto assets reached an all-time high of $3 trillion.
Here are three potentially game-changing crypto projects that could take over the crypto world.
Ethereum is the world's second-largest crypto network by market capitalization. It serves as the foundation for nearly all initial coin offerings, decentralized apps, DeFi protocols, and the majority of non-fungible tokens. Popular Ethereum-based currencies include Chainlink, Tether, Binance Coin, and USD Coin.
However, the most significant upgrade in the network's history is scheduled for 2023. Its new Ethereum 2.0 will eliminate bottlenecks and scalability issues while adding the long-awaited proof-of-stake (PoS) consensus mechanism to the blockchain. This would mean abandoning the present energy-guzzling proof-of-work (PoW) mechanism. The modifications could result in reduced gas prices, faster transactions, and a huge increase in network efficiency.
The Sandbox is a metaverse and gaming ecosystem built on Ethereum that allows users to create, share and monetize assets and games.
The Sandbox is a community-driven, decentralized virtual world where creators can create, share and trade in-world assets. Its metaverse is one of several blockchain-based virtual worlds that are seeking to transform the dynamics of the game sector by rewarding producers for the value they create through user-generated content.
Sandbox has developed rapidly due to several collaborative agreements, having a CAGR of 26.5%. It has 200 partners as of this writing, and its worth rose 11,600% in 2021.
The Sandbox's partnerships with Atari, Snoop Dogg, and Adidas give it an edge over the competition. Galaxy Interactive, Kingsway Capital, and Polygon Studios also contributed.
Gnox is the first project to offer "yield farming as a service" to investors. Built on the Binance Smart Chain, it strives to bridge the crypto and fiat worlds and make its unique features accessible to entry-level users.
Most investors, especially DeFi newcomers, do not comprehend staking, yield farming, lending, and LPs. Gnox built a non-custodial platform that uses treasury funds to make profits for users.
The multi-signature protected treasury will hold DeFi LP tokens, NFTs, and stable coins to provide liquidity in safe pools. These investments' rewards will be utilized to acquire $GNOX and be redistributed monthly.
The first stage of the GNOX presale on Binance Smart Chain has caught the interest of DeFi investors. Several media sites have been reporting on its progress in recent days, and it is worth noting.
Learn more about Gnox:
Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io/
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.