Crypto holders excited over Filecoin (FIL), Cosmos (ATOM) and Collateral Network (COLT)

Filecoin releases the Lighting and Thunder upgrades, and works with Brave Wallet so that users can store NFTs on Filecoin's IPFS network. Cosmos partners with Neutron, bringing new functionality to Cosmos and a new revenue stream. Meanwhile, decentralized lending platform Collateral Network, which is in the first stage of presale, is exciting the crypto industry with its revolutionary approach to crowdfunded loans. 

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Filecoin keeps on developing and collaborates further with Brave Wallet

At the end of April, Filecoin released an enticingly named pair of releases, Network v19 Lightning and nv20 Thunder, to bring a range of quality improvements to the platform. The update is required for FIP-0061, which introduces a new proof that reduces the grindability of windowPoSt and further secures the network.

Deposits and withdrawals were temporarily suspended while the upgrade took place, and there was some bullish price action for FIL before the upgrade.  Filecoin's TVL (Total Value Locked) also increased by 4%.

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This and other recent updates by the Filecoin team, such as the FVM (Filecoin Virtual Machine) show that they are committed to continually improving the protocol.  However some critics on Twitter mention that the FEVM (Filecoin Ethereum Virtual Machine) has a 30 second block time, which is too slow for certain developers and users.

Nevertheless if Filecoin can keep innovating and improving, as they have demonstrated in the past, and continue to do so with updates and hackathons, this is going to keep the hype around Filecoin going and the HODLers will keep holding.  

In other news, Brave Wallet recently announced "automatic NFT backups and enhanced Filecoin support in Brave Wallet" meaning that people can now save and store NFTs on the IPFS network, so that accessing NFTs and their metadata does not rely on web2.0 servers, which can be unreliable and are not decentralized.

ATOM holders are excited by the recent partnership between Neutron and Cosmos

Despite the lack of confidence in the market and the limited upside of ATOM, the crypto currency had managed to hold its ground and resist the downward trend, suggesting that Cosmos fans are excited about Cosmos's potential, until today that is.  

BTC has dropped by about 0.8% over the last 24 hours and 2% in the last 7 days, signaling a very turbulent few days for the entire market, and affecting the price of Cosmos and many other well established cryptos. According to Coinbase, ATOM has dropped by around 4% in the last 24 hours.

Nevertheless, Cosmos, 'the internet of blockchains', continues to develop and make partnerships such as with Neutron – allowing for a large increase in DeFi applications and utility to the Cosmos Hub. This partnership is bullish for Cosmos, as Neutron also shares revenue with the Hub and so brings added value to $ATOM.

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Collateral Network is changing the lending industry for good

One of the promises of web3.0 is to bring new, decentralized solutions to age-old problems.  Collateral Network aims to do just that, by offering a new way to get loans and receive liquidity from traditionally illiquid assets. 

If a borrower has an eligible asset such as luxury goods, art, cars and property, they can use Collateral Network to get a loan without the need for credit checks, lengthy waiting times and expensive intermediaries like banks.  Instead, Collateral Network will create a T-NFT (Tangible NFT), that represents the asset, with all relevant information immutably stored in the metadata.

Collateral Network will then offer this NFT to their community, enabling people to invest in an asset without having to physically hold it.  The NFTs are fractionalised and sold to many users, meaning that people can diversify their asset portfolio even if they can't or don't want to buy an entire car, property or other luxury item.  

Better still, the Collateral Network community of lenders will receive rates of interest on the loans, bringing true democratization to lending and borrowing.  Collateral Network's native token $COLT is currently valued at $0.14.

Safety is paramount for Collateral Network, and the liquidity pool will be locked for 33 years and team tokens for 2 years.  Assets will be secured through legal methods such as physically holding the item or "relevant security placed on the assets by way of a first charge".

For more information on Collateral Network visit the website, join the presale or join the community for regular updates.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/ 

Presale: https://presale.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk 

Twitter: https://twitter.com/Collateralnwk