Projects to Watch Out For this 2023: Quant, NEAR, Toon Finance

The web 3.0 space is heating up with a number of interesting projects that are worth paying attention to. In this blog post, we will take a look at three such projects – The Quant Network, NEAR Protocol, and Toon Finance – that are expected to make waves in the world of Web 3.0 in the year 2023.

Web 3.0 is the next phase of the internet where users will have greater control over their data. This phase of the internet is being built on decentralized protocols that are powered by blockchain technology. Bitcoin and Ethereum are two examples of decentralized protocols that have gained widespread adoption in recent years.

• QUANT

The Quant Network is a project that is working on building an interoperability solution for blockchains. The goal of the project is to enable different blockchains to communicate with each other so that they can share data and value. The Quant Network is one of the most promising projects in the Web 3.0 space and is worth keeping an eye on in 2023.

The past month has been a rollercoaster for the QUANT team. They were dealt a huge blow when their primary exchange partner, FTX, was embroiled in a lawsuit. This not only caused QUANT's token price to crash but also caused a lot of users to lose faith in the project. QUANT is currently doing damage control, but it remains to be seen if they will be able to recover from this setback.

The QUANT team has been working tirelessly to try and salvage the situation. They have set up a compensation fund for affected users and are in the process of onboarding new exchanges. Although these are positive steps, it is still unknown if QUANT will be able to fully recover from the FTX fiasco.

There are several factors working against them. The first is that the lawsuit has cast a shadow of doubt over FTX's legitimacy. This has made other exchanges hesitant to partner with QUANT because they don't want to be associated with a controversial project. The second factor is that the QUANT token price has still not recovered from the crash. This means that there is less capital available to invest in marketing and growth initiatives.

Only time will tell if QUANT will be able to make a full recovery from the FTX fiasco. They are currently taking all of the necessary steps but there are many factors working against them. Only time will tell if they will be able to overcome this setback and continue growing into a leading project in the WEB3 space. But if you wholly believe that QUANT will recover, then this is a project that is worth investing in the long term for sure.

• NEAR

NEAR Protocol is another interesting project that is building a decentralized application platform on top of the NEAR blockchain. The NEAR Protocol is designed to make it easy for developers to build and deploy decentralized applications. The protocol has been designed with scalability in mind and is expected to be able to handle a large number of transactions per second. NEAR Protocol is definitely a project to watch out for in 2023.

The NEAR platform has been live for nearly two years and in that time, it's become one of the most popular Layer 1 protocols. It's been able to do this in part because of their incredible community and also because they have a lot of trading volume. However, their token is currently being questioned and this in itself pose a big problem for their future.

The main problem with NEAR's token is that there is no use case for it. According to their website, the only use cases for the NEAR token are "to pay for transaction fees, name registration, and other platform operations." However, these things can all be done with other tokens or fiat currency. This means that there is no real reason to use the NEAR token and this could eventually lead to its devaluation.

Another problem with the NEAR token is that it's not circulated very well. The vast majority of NEAR tokens are held by the team and early investors. This creates a situation where the price is artificially inflated and not reflective of true demand. If the team ever decides to sell their tokens, it would likely crash the price and cause a lot of damage to the protocol.

The last problem with NEAR's token is that it doesn't have a fixed supply. This means that the inflation rate is unknown and could potentially be very high. This would erode the value of the token holdings and make it difficult to justify holding them long-term.

NEAR's tokenomics are definitely a problem for their future. There is no use case for the NEAR token and it's not circulated very well. This could eventually lead to its devaluation. The last problem with NEAR's token is that it doesn't have a fixed supply which means that the inflation rate is unknown and could be very high. This would erode the value of holdings and make it difficult justify holding them long-term. All of these factors combine to create a very uncertain future for NEAR.

• TOON (TFT)

Toon Finance is a project that is working on building a decentralized lending platform on the Ethereum blockchain. The Toon Finance platform allows users to borrow and lend Ether using smart contracts. The platform has a number of features that make it an attractive option for borrowers and lenders alike. Toon Finance is definitely a project worth watching out for in 2023.

Toon Finance has been making waves in the space right now, especially with their vision for their project and their holders. The project has just concluded their stage 1 presale successfully and are now gearing up to end their stage 2 with a bang. With a great Round 1 ICO, they have set themselves up for success and investors are flocking to them. Below we will touch on what makes this project so special.

The Mission: Decentralizing DeFi

The mission of Toon Finance is to create a decentralized ecosystem of financial applications built on Ethereum. They aim to do this by providing an easy-to-use platform that enables anyone to create and use DeFi apps without having to go through the hassle of building everything from scratch. This will not only save developers time and money, but it will also make it easier for users to access the full range of DeFi applications in one place. In other words, Toon Finance is trying to make DeFi more accessible to everyone.

Toon Finance's native token, TFT, will be used to power all transactions on the network and will also be used as collateral for borrowers. TFT holders will also be able to vote on governance decisions made about the network.

The Team

The team behind Toon Finance is composed of experienced professionals from a variety of backgrounds, including finance, software engineering, and marketing. They have experience working at companies like IBM, Binance, Google, HSBC, and Deloitte. This gives them the skills and knowledge necessary to build a successful project.

Toon Finance is definitely a project to keep an eye on. With a strong team backing them and some major investors already on board, they are poised for success. If they can deliver on their vision of creating a decentralized ecosystem of financial applications built on Ethereum, then they could very well revolutionize the DeFi space.

In conclusion, There are a number of interesting projects working on building the next phase of the internet – Web 3..0. In this blog post, we have looked at three such projects – The Quant Network, NEAR Protocol, and Toon Finance – that are expected to make waves in the world of Web 3..0 in the year 2023. These projects are definitely worth keeping an eye on if you are interested in the space.

To participate in Toon Finance's presale, here are the links below:

Website: https://toon.finance/

 Presale: https://buy.toon.finance/

 Twitter: https://twitter.com/ToonSwapFinance

 Telegram: https://t.me/ToonSwapFinance

 CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/