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Crypto and blockchain technology have entered a stage of rapid adoption by mass users.
This process is a delicate one because it involves teaching users how to use this new technology and making it simple enough for just anyone to pick up and use.
With so many concepts like DeFi (decentralised finance), NFTs (Non-Fungible Tokens), GameFi, and the metaverse, this can be a daunting task for crypto projects to achieve.
On the flip side, some projects are putting in the work to attract more users to the crypto space. They do this by simplifying the crypto and remove all barriers to entry that newbies typically face.
Three projects pushing blockchain and crypto technology for massive adoption are Celo (CELO), STEPN (GMT), and Mushe Token (XMU).
These projects use unique approaches to ensure that new users can seamlessly adopt crypto.
Furthermore, these projects have had varying successes but with constant iterations, to their projects total success is assured. Here is a breakdown of these crypto projects.
Celo (CELO) is a blockchain built and targeted at smartphone users.
It aims to introduce mass adoption by targeting the largest technology market on the planet- smartphones!
Celo uses mobile numbers as public keys and it hopes this reduces the barrier to entry and promotes transactions using crypto.
Launched in 2020, the Celo blockchain allows for a variety of dApps to be built on it. Most of these applications are simple DEFI tools that users can use to transact, buy, and sell crypto.
The CELO token is the native currency of the blockchain. It facilitates transactions as well as governance on Celo.
Furthermore, Celo uses a PoS (Proof of Stake) system which allows it to make transactions quicker than rival blockchains.
Eliminating the need for complex computing equipment to participate in this crypto project significantly lowers the barrier to entry.
In addition, using smartphones as the base of this project opens up crypto to a large potential market which is sure to boost adoption.
STEPN (GMT) is taking on the fitness market using crypto and the blockchain. It dubs itself as a Web3 lifestyle app that incorporates GameFi elements.
It uses p2e (Play-to-earn) mechanics which it has renamed as "move to earn" to incentivize users to stay fit. The STEPN premise is simple.
Users can acquire NFT sneakers which they use to earn rewards by walking, running, or jogging, basically rewarding users for staying fit.
It uses GPS technology mixed with the blockchain to ensure that its users are exercising and not cheating the system.
The STEPN project uses GST as its native token. Users can earn GST at various rates depending on the type of sneakers they purchase. STEPN is available on both the iOS and Android app stores.
Mushe Token (XMU) is a peer-to-peer decentralised network built on the Ethereum (ETH) blockchain.
It aims to bring more users into the ecosystem by lowering the barrier to entry. To do this, it aims to reduce transaction fees and speed by migrating to Stellar and Solana blockchains.
Furthermore, its immersive metaverse would introduce users to concepts such as DEFI, NFTs, and Metaverse banking.
Using the Mushe Token platform, users would be able to experience and learn about all these crypto concepts in real-time.
The XMU token would facilitate transactions in the MusheVerse. It would also allow users to earn rewards through staking.
Mushe Token is a decentralised and open project that would be available to all. It would also not have a steep learning curve making it easier for new users to be onboarded.
To be an early member of this project, join the ongoing presale. View the links below for more details.
Official Website: https://www.mushe.world/
Presale Registration: https://portal.mushe.world/sign-up
Telegram: https://t.me/MusheWorldXMU
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
