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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Innovation has pushed the crypto market to incredible heights. Currently, crypto is at the center of web3–a promising space for interactions in the future. As in every sector, some players often dominate, owing to early entry. In crypto, Decentraland (MANA) and Apecoin (APE) have made enormous strides in the web3 space.
Noteworthy, such runs do not exist in perpetuity, as often, competition exists. Trying to close the gap is a promising meme coin project by the name of DigiToads (TOADS). Its early success in presale is proving that it might soon be a big name in the web3 space.
Though its biggest selling point is the entertainment derived from its underlying meme, DigiToads continues to innovate in the direction of web3, which is a thrilling space that promises massive entertainment. Its metaverse is called the Swamp and, so far, is proving a significant competitor to ApeCoin (APE) and Decentraland (MANA).
The swamp arena is a standout feature in the multiple products already released by DigiToads. DigiToads P2E will take place in the arena, where various players will battle it out for massive prizes. On the interactive point, the virtual space offers intimate options to nature a TOAD to maturity before it can go for battle. In addition, players not able to build their characters from a young age can improve the strength of their positions by buying new characters or revving up the already existing ones.
Players leading the leaderboards have an opportunity to earn more TOADS, which increases their stake in the DigiToads ecosystem. The TOADS can be used for speculation purposes or as currency to buy more ammo to continue their battles in the interactive virtual space.
DigiToads provides impressive passive income opportunities via its web3 features. TOAD transactions attract a 2% tax that maintains a staking pool.
While a gamer's reputation is at stake in each battle, the swamp offers learning opportunities and spaces for community interactions. Those associated with it gain massively by understanding how NFTs work, web3, and critically, making trades via the blockchain.
The staking pool is also significant for the treasury, which uses it to create a prize pool that not only gifts top gamers but helps attract other people to the project.
Noteworthy, people already in the presale, standing at about $5.7 million, enjoy massive bonuses and gifts from the prize pool. The prizes are a product of the prize pool that will set the stage for a bigger one as the project approaches its official launch.
APE is a currency associated with Yuga Labs–a big player in web3. The coin stands on a popular NFT that ruled the waves at the start of 2020s and has since made significant milestones to be a top player in the metaverse technology. Its current owners acquired CryptoPunks, pioneers of non-fungible tokens, and the reason for the breakout of the NFT assets. The industry is worth about $40 billion currently.
Apecoin offers gaming, events, and merchandise and has an interactive space that continues to innovate. Its token was limited to participants of the metaverse, but now anyone with a crypto account can have one.
Decentraland inspires a virtual realm that unites gamers and professionals that want to connect. It offers a digital real estate virtual space that other creators can buy and offer their services. The project bets on the growing gaming community and the use of virtual spaces as meeting points for people all over the world.
When these features become essential, MANA will be a Token on demand.
The entry of DigiToads (TOADS) is a clear threat to front runners Decentraland (MANA) and Apecoin (APE). Their early go into web3 has been impressive so far, but the massive prizes offered by DigiTioads and its stable ecosystem are features that will eat into their market share soon.
