1. Internet Computer (ICP)

What is the Internet Computer (ICP)?

The Internet Computer creates the world’s first blockchain with uncapped capacity and web speeds. Along with Cryptos, it is the third significant blockchain invention – the blockchain computer that scales smart contract computation and data, runs them at web speed, quickly processes and saves data, and gives strong software frameworks to developers. The Internet Computer offers a full reimagining of software by allowing for the creation of tokenized internet services, cross-industry platforms, decentralized financial systems, and even traditional corporate systems and websites. Dominic Williams financed the initiative in October 2016, and it piqued the crypto community’s curiosity. Andreessen Horowitz, Two or more tasks Capital, SV Angel, Aspect Ventures, ZeroEx, Electric Capital, Scalar Capital, and Multicoin Capital, as well as other prominent early Ethereum supporters, contributed approximately $121 million to DFINITY. An airdrop of ICP utility tokens was held in 2018 with over 50,000 registered participants. DFINITY unveiled the Internet Computer’s alpha version on December 18, 2020. DFINITY introduced the Internet Computer into the public domain on May 10, 2021, as a very last step toward democratization. This important milestone marks the release of all of the Internet Computer’s source code into the public domain, as well as the ICP utility token, which allows tens of thousands of community members to administer the Internet Computer network.

Check out our in-depth analysis of Internet Computer to discover more about this project.

Who Is The Founder of the Internet Computer?

DFINITY was founded as Dominic Williams, who should be its Chief Scientist. He is a crypto theorist, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities, having invented Threshold Relay, Probabilistic Slot Consensus, and other innovative crypto methods.

He invented Threshold Relay, Probabilistic Slot Consensus, and other innovative crypto methods. He then became the President and CTO of String Labs, a venture-backed crypto incubator, an early pioneer of Defi at Mirror Labs, and the Founder and CEO of Fight My Monster, a children’s MMO game that grew to millions of users. He has created a number of businesses, including System7, Airdocs, and Smartdrivez. In Computer Science, I received first place in my class at King’s College London.

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2. Axie infinity (AXS)

What Is Axie Infinity (AXS)?

The game Axie Infinity is a blockchain-based trading and battling game in which the players hold a portion of the ownership stake.

Check out our hands-on look at Axie Infinity to learn more.

Token-based creatures known as Axies, inspired by popular games such as Pokémon and Tamagotchi, can be bred, raised, fought, and traded in Axie Infinity.

These Axies come in a variety of forms, with more than 500 individual body parts that include aquatic, beast, bird, bug, and plant parts. As the price of parts varies from type to type, Axies have various body parts ranging from common to ultra-rare and legendary, making them highly variable and often rare.

The Axie token is a non-fungible token (NFT) with a variety of attribute and strength attributes. The winning team can use that experience (exp) point to award an Axie with more stats or enhancements to their body. You can breed these Axies together to produce new and unique offspring, which you can use or sell on the marketplace.

Moreover, the Axie Infinity ecosystem has its own token for its governance, the Axie Infinity Shard (AXS). Members of the Axie Community Treasury participate in key governance votes and have a voice in deciding how funds are spent.

Who Are the Founders of Axie Infinity?

In 2018, Sky Mavis created Axie Infinity, an animated game developed by a Vietnamese team focusing on technology. It was co-founded by Trung Nguyen and Aleksander Larsen.

The platform’s CEO is Trung Nguyen. After graduating with a BS in computer software engineering, Nguyen worked as a software engineer at Anduin Transactions before founding Axie Infinity.

Larsen is also credited by the company as one of the platform’s co-founders and CEOs. Larsen has specialized in blockchain gaming since 2017. He is the secretary of the Blockchain Game Alliance’s Board of Directors, and he formerly served as the executive security officer for the Norwegian Government Security Organization.

Many of the 25 employees at Axie Infinity have previously worked as game developers.

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3. Audius (Audio)

Currently, there are four major exchanges that support trading in Audius: Binance, Mandala Exchange, FTX, and ZT. Our crypto exchanges page lists others.

Audius is a free music distribution, monetization, and streaming protocol built on decentralization, which allows for direct transactions between listeners and creators.

The protocol consists of:

• The indexed content ledger is accessed via the Discovery nodes, which provide a query-friendly interface to retrieve relevant metadata.
• Content nodes for hosting content and having permission to access artists’ content.
• Audius content ledger serves as an anchor for all data accessible within the protocol, which anchors references to content stored in nodes.

AUDIO is the native utility token for:

• Participation in protocol governance voting
• Staking to run discovery or content nodes so the users will receive network revenue
• revenues By staking, supporters can unlock features like artist tokens and badges.

Social Audius Price Estimates

Beta testing is underway for this feature. Let’s see what everyone says about your estimates for the next six months. Based on inputs compiled by CoinMarketCap, the displayed data comes from user input. The deadline for estimates at the end of each month is the 21st of each month.

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4. Serum (SRM)

Serum is a decentralised exchange (DEX) and ecosystem that provides decentralised finance unparalleled speed and cheap transaction fees.

What Is Serum and How Does It Work

Serum is the first high-performance DEX built on a central limit order book and matching engine that is entirely on-chain. Serum’s on-chain order book allows ecosystem partners to pool liquidity and fuel their trading services for institutional and retail customers.

Users and developers are constrained by high gas prices and sluggish transactions due to the popularity of Defi and the proliferation of DEXes on Ethereum. Serum seeks to address these long-standing Defi concerns, as well as centralization, capital efficiency, and liquidity segmentation.

Users of the SRM utility and governance token get savings on protocol costs and voting rights, and 100% of exchange fees are returned to SRM through buy-and-burn, staking incentives, and ecosystem grants.

Who Are the Founders of Serum?

FTX, Alameda Research, and the Solana Foundation are all part of a consortium helping to build the open-source project SErum.

The Serum Foundation, which is sponsored by a group of professionals in cryptocurrencies, trade, and decentralised finance, is presently funding its development. Many of the project’s design and thought leadership come from companies in the cryptocurrency and financial industries.

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5. Polkadot (DOT)

Polkadot By providing a set of common validators for multiple blockchains, Blockchain enables unprecedented economic scalability.

What Is Polkadot (DOT)?

A sharding multichain protocol called Polkadot allows data or assets, not just tokens, to be transferred between blockchains, making various blockchains interoperable with one another.

Through interoperability, we seek to create a decentralized, private, and user-controlled web, allowing applications, institutions, and services to easily be created.

As a network connecting public and private chains, permissionless networks, oracles, and future technologies, Polkadot secures the sharing of information and transactions among these independent blockchains (explained further below).

DOT, Polkadot’s native token, serves three core functions: network management, operations, and bonds (parallel chains) creation.

The four main components of Polkadot are:

• Polkadot’s “heart” enabled consensus, interoperability, and shared security across a network of chains.
• Parachains are independent chains with tokens that are optimized for specific cases and can have their own tokens.
• A part thread is similar to a parachain, but it is flexible using a pay-by-the-minute model.
• By building bridges to external blockchains like Ethereum, parachains and parathreads can communicate and connect with each other.

Who Are the Founders of Polkadot?

Polkadot was founded by the Web3 Foundation, a Swiss non-profit organization aiming at creating a fully functional and user-friendly decentralized web as a free and open-source project.

Peter Czaban, Robert Habermeier, and Gavin Wood founded SAVVY.

He is best known as the president of the Web3 Foundation due to his reputation for being an Ethereum co-founder, Parity Technologies founder, and Solidity creator.

Earlier in his career, he was a Thiel Fellow, a developer, and researcher of blockchains and cryptography. Czaban is the technology director of the Web3 Foundation. An expert in a variety of highly specialized fintech fields, he is working on developing new distributed technologies.

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6. COTI (COTI)

What Is COTI (COTI)?

It touts itself as the world’s first enterprise fintech platform which allows organizations to manage and build payment solutions as well as digitize any currency to save time and money.

Coti is a blockchain protocol designed to automate decentralized payments, and it is now being used by merchants, governments, digital wallets, and stable coin issuers.

The first application is COTI Pay. The company calls itself an all-encompassing blockchain-based finance platform. Staking Platform launched on Jan. 1, 2020, while COTI Group started operating in March of 2017.

It is an ecosystem that is specifically designed to deal with the challenges of traditional finance, such as latency, fees, global inclusion, and risk. In order to do so, we implement DAG-based technology and create a fast, private, secure, and scalable infrastructure.

An ecosystem that includes hardware ledger technology, consensus algorithms, multi-DAGs, global trust systems (GTS), payment platforms, and universal payment solutions.

What Makes COTI Unique?

One of the things that makes COTI unique is its platform.

Companies can easily build fintech products using this platform, saving time, money, and data. Payments can be made online or offline using COTI pay. Cryptocurrency, stable coins, credit cards, even native coin services fall under this category. As a bonus, it has a built-in financing program with interest generated from deposits and loans. Additionally, this connects to a white label payment network.

Traditional payment systems cost merchants and consumers billions of dollars each year. White label payment networks enable users and merchants to securely and easily transact across digital wallets, digital coins, and much more.

Besides being the first platform of its kind, COTI is also optimized for creating stable price coins. In this way, a user can create their own stable coin and regain control over both their money and their personal data.