3 Blockchain Projects You Must Know

With the increasingly global adoption of Web3, more and more projects are popping up blockchain which is interesting. Web3 allows the public to access a decentralized internet ecosystem and will be deeply connected to the concept blockchain and token-based economics.

Big project blockchain Among them is DeFi which performs financial optimization of its users, down to the metaverse full of entertainment and innovation for social media. In order to welcome the internet ecosystem, which in the future will increasingly pivot to Web3, you must of course know more about the aspects surrounding this Web3.

There are several projects blockchain worthy for you to know to increase your knowledge about Web3. Here are 3 projects blockchain which you should at least know by now.

The master of DeFi, Uniswap

One of leader from the realm decentralized finance or DeFi is Uniswap. Works on Ethereum blockchain, Uniswap plays a very important role for the sustainability of many cryptocurrency transactions.

Uniswap is exchange or currency exchange platform in blockchain. So, what makes Uniswap superior to ? exchange similar to Coinbase, Binance, or Tokocrypto? The advantage of Uniswap compared to other platforms is of course who is in control of the operations or transactions carried out.

Adhering to the philosophy of data ownership and privacy, Uniswap operates in a decentralized manner. Uniswap is not controlled by a particular company or entity. The Uniswap platform was founded in 2018 and works in blockchain Ethereum, making it one of the many projects cryptocurrency valuable.

Apart from being decentralized, Uniswap is a project that open source in full, meaning that anyone, both users and developers outside the system, can copy the code to create a platform exchange themselves. In fact, users can register their tokens on the platform for free.

Uniswap uses two Smart contract to operate; contract "Exchange" and contract "Factory". Second Smart contract it is designed to automatically move and perform certain functions. For example, office serves to add new tokens to the platform and Exchange serves to facilitate trading and transactions within the platform.

Metaverse Games Featured, The Sandbox

If we count from market capher, The Sandbox is metaverse the second largest in the world by total market cap $1.51B, not far from the first place achieved by Decentraland.

The Sandbox is metaverse unique that moves inside blockchain Ethereum. Metaverse The Sandbox provides access for its users to be fully creative to create, share and monetize their assets.

Pixowl is a company developer –inventor and developer– of The Sandbox. Even though it appears with the format metaverse, game virtual is not something that we usually find today. Pixowl has already started its scene in development game from 2011 and 2016 with the title game the same "The Sandbox".

The Sandbox harnesses the potential of NFT to give users the freedom to enjoy the world metaverse in full. NFT also allows The Sandbox developers to build an economy in metaverse The.

On game conventionally that many find now, the rights that are owned by players are very limited. This happened because game are owned by a central entity, company, or even individual. There are actually a lot of activities that tend to be more creative, especially in the economic field – such as transactional things – such as trading items, reward system (reward), and various consequences of the rules of the game.

Decentralized platform and interoperability become the uniqueness offered by The Sandbox. Decentralization allows users to buy or acquire real estate on the platform and make modifications to their liking.

Furthermore, there is a monetization option, where users can trade their artificial assets to other users, even to the point that asset and real estate leases are allowed. Everything is managed by Smart contract courtesy of The Sandbox. Besides The Sandbox, there are many more metaverse interesting and fun to play. 

You can see Artpedia reviews about metaverse game pada the following link. 

One of the Coolest NFT Projects, Azuki

It seems to have become a hallmark of successful NFT projects, brand who have a name will usually have a certain uniqueness – both in terms of quality and art style –. If we talk about NFT, it is probably very common when we talk about NFT projects mainstream such as Bored Ape Yacht Club and CryptoPunks. Both have their own uniqueness. 

At the beginning of 2022 Azuki was born from the brilliant idea of ​​Vagabond, the founder and mastermind this unique project. Azuki reaps a different impression from many NFT brands profile picture and the like, such as BAYC and CryptoPunks. Many from fans and analysts crypto likes Azuki for his art style inspired by anime, a cultural phenomenon ingrained from the land of cherry blossoms.

As the Azuki development team, Chiru Labs is responsible for the further development of the genesis collection and the benefits that will be obtained by Azuki asset holders (holders). Chiru Labs released 8700 tokens to the market and in just three minutes, the collection was sold out and resulted in a captivating sale; $31 million, plus $2 million in private sales.

In the following month in February, Azuki scored no less than $300 million in total volume trading. One Azuki token can be obtained for $36,000. Not to mention that apart from these sales, the Azuki development team routinely gets 539% royalties from every sale on the secondary market made holder-New.

Azuki also had time to release merchandise exclusive for holderThe jacket is in the form of a Twin Tigers jacket which has received a lot of appreciation through Twitter and the NFT LA event held in Los Angeles, United States a few months ago.

However, even a massive project like Azuki remains a matter of analysis for experts crypto. Did you know that the founder of Azuki, Zagabond had become a hot topic in the crypto world because he was indicated to have cheated in establishing several NFT projects? You can read more about the case via the following article by Artpedia. 

Crypto Winter

With Azuki skyrocketing, the responsibility of Chiru Labs is getting heavier especially with the emergence "Crypto Winter". "Crypto Winter" is the term of winter for almost all products and projects crypto world. This phenomenon is marked by inflation that occurs in several superpower and developing countries, as well as the general decline in people's purchasing power.

Many crypto analysts believe that bear market, or these volatile market conditions will serve as a filtration system for non-resilient projects. As a result, in less than a quarter many projects that were once believed to have a bright and long future, are finally forced to choose to stop their operations and go out of business.

Most of these projects are project types hedge funds, or mutual funds in crypto like Three Arrows. In fact, it was reported that less than five days ago, co-founders of the bankrupt company was reported missing.

Many assume that the disappearance of these executives is nothing but avoiding debt that has accumulated. This sudden situation certainly presents a tremendous challenge for Uniswap, The Sandbox, and Azuki. However, because the condition of their project is still in a stable condition, it is highly likely that they can survive in the future bear market this.

DailySocial.id invites you to participate in activities Web3 Developer Bootcamp supported by Sinar Mas Land and WIR. This Web3 Developer Bootcamp event will increase your knowledge about Web3 with other players trainers who are experts in their fields. You can read more and register yourself HERE. In addition, you can also join Artpedia NFT Marketplace for further discussion regarding the Web2 or Web3 technology ecosystem via the link this.

Author: Faisal Mujaddid from Artpedia - L2 Ethereum NFT Marketplace 

Editor: Nandang Ary Pangesti