The rising popularity of play-to-earn games, NFTs, and the Metaverse in the cryptocurrency world have provided individuals with more means to make additional investments and side incomes.
Many emerging projects are focusing more on the empowerment of the communities and putting control of the future of finance and cryptocurrencies in the hands of their community.
Supontis (PON) is a decentralised platform on the Binance smart contract to facilitate the cross-chain transfer of assets between blockchain networks. It acts as a bridge between blockchains, creating a mechanism that locks the assets in the initial chain while creating an equal amount of wrapped assets in the end location blockchain.
Through this bridge, the assets are not moved or sent anywhere. Instead, the mechanism uses a smart contract two-step process to execute the transfer request. This entire process is made possible through a two-way binding system, this ties the value of the created tokens in the destination blockchain to the original ones in the initial blockchain making them have the exact values.
The Supontis (PON) ecosystem is powered by its native token, PON, which will feature a staking component, and also functions with a decentralized autonomous organization (DAO) interface for its governance. This is a community-driven DAO and as such governance decisions are made by the community.
This means that all operational decisions and future proposals for the platform will have to be submitted and agreed upon by the network's users. Any user of the platform that has the native token is liable to vote on the proposals brought up in the DAO, users with a large amount of the PON token can raise their proposals for democratic voting. Also, the PON token can be staked by users and earn rewards.
The Sandbox (SAND) is a multiplayer metaverse where players can create, monetize, and participate in blockchain-based gaming experiences. It is based on the Ethereum (ETH) blockchain.
Anyone on the Sandbox network can create custom 3D NFTs that can be used across the ecosystem, developers can also sell the NFTs in The Sandbox environment. Its native token, SAND, can be used to buy and sell NFTs and other in-game items. SAND can also be used to vote on the future of the platform.
The result of The Sandbox's (SAND) widespread use has propelled it to become one of the top Metaverse cryptocurrencies to watch in 2022. Its environment has evolved into more than the gaming platform that it was developed for.
Recently, The Sandbox (SAND) property was purchased by HSBC, one of the leading banks in the world. This stimulated more investors' interest in the Sandbox Metaverse. The Sandbox (SAND) is currently trading at $1.05 due to the cryptocurrency dip.
Tron (TRX) was developed in 2017, to reshape the entertainment industry, by providing full ownership rights to digital content creators. Inequality in the entertainment world has been on the rise recently, and the incidents on TikTok and Youtube further highlight the issues faced by content creators.
Tron has developed an apt solution to give creators the opportunity of being directly rewarded with tokens. Tron's (TRX) plan of publishing content using blockchain bypasses the middlemen of the information industry like Google, YouTube, Spotify, and so on. Thus, placing the content right in the creator's hand completely.
Tron, The Sandbox, and Supontis all have the potential to dominate the metaverse in Q4 this year. The innovative platforms have vibrant ecosystems that attract any crypto enthusiast.
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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.