Are you wondering what is currently happening under the hood, the truth is there are several Web3 crypto projects aggressively building for the next adoption wave.
However, separating the wheat from the chaff can sometimes be challenging. In this article, we will highlight some of the major projects that are still building and could be potential frontrunners in the next bull run.
Table of contents
Present Scenario of Crypto Bull Market
First, the crypto market is currently in a state of apathy. Bitcoin has been ranging between $25kK and $30K for the past six months. And the total trading volumes are barely crossing the $1 trillion mark.
However, there is more than meets the eye. Prices might be stagnant, but significant fundamental development is underway.
For context, previous bear market cycles have often marked the innovation period. In 2015-2016, it was the initial Coin Offering (ICO) which later boomed during the 2017 bull run.
And in 2018 -2019, innovators were focusing on Decentralized Finance (DeFi) innovations, setting the stage for the 2021 bull run.
Top 3, Web3 Crypto Projects to Watch Out for Next Bull Run.
It was launched in 2021, Peer is a product of Peer Inc., a technology company focused on consumer electronics, software, and services for the augmented reality metaverse.
Peercoin (PPC) first came online in 2012, making it one of the earliest pioneering blockchains. The key innovation of Peercoin is its invention of proof-of-stake, an alternative consensus protocol to Bitcoin’s proof-of-work.
Proof-of-work blockchains are secured proving the consumption of a costly resource, electricity.
Proof-of-stake replaces this expensive security protocol by utilizing an alternative scarce resource: time.
Due to the cost-efficient nature of proof-of-stake’s time-based consensus rules, Peercoin is capable of allowing any network-connected computer to participate in the blockchain’s security process.
This efficiency strengthens Peercoin by growing the number of security providers. And ensuring that security is sustainable over the long term.
What’s particularly interesting about Peer is its all-round approach to blockchain innovations.
The blockchain is immutable by its very nature and all data storing.
Chain bloat becomes an escalating problem at higher usage levels which harms both security and the ability of the network to scale.
To preserve the trustless security of the blockchain and ensure its ability to scale to global usage levels.
Peercoin’s inventors tailored the blockchain and its economics to fulfill the specific role of the base layer settlement network.
This role focuses Peercoin development on modularity, keeping the protocol simple and secure with as few features as possible,.
While maintaining the blockchain as a stable base upon which any number of additional layers are built on top.
The project features a vertically integrated blockchain stack from Layer 1 to Layer 4 that supports metaverse-oriented innovations.
Efficiency, sustainability, user governance, scalability through modularity, and fair distribution.
All these qualities combine to form a long-term-minded blockchain network primarily focused on maximizing decentralization.
The Primary Focus
This primary focus works to preserve the trustless, immutable, and censorship-resistant nature of Peercoin.
So that it can always be relied upon to fulfill its core role as a distributed mechanism for securely storing all types of value.
This value is anything from fiat wealth stored in PPC, to data stored on the chain in the form of tokens, records, or contracts.
Regardless of the type of value that is stored, Peercoin is built with the fundamentals in mind to ensure that your data remains safe and secure.
As it stands, the metaverse remains one of the hottest topics in crypto. Especially, with interest spanning both the Web3 community and traditional tech giants. Including the likes of Meta, Microsoft, and gaming publishers such as Atari.
Building the Metaverse
Peer’s approach to building the metaverse stands out primarily because the project leverages both blockchain technology and augmented reality to pioneer a decentralized ecosystem with multiple utilities.
At its core, Peer’s Layer 1 multi-blockchain infrastructure features several products.
An explorer to track on-chain activity, a validator for decentralized governance, and a digital wallet.
And an NFT minting engine. Additionally, an SEC-compliant coin offering platform, ICX.
This platform allows native Web3 projects to raise funds while offering potential investors an opportunity to participate in some of the most promising crypto innovations at the moment.
In Peercoin, coin owners are the ones who wield influence over the network, produce new blocks, and secure the chain. Coin holders of Peercoin co-own the blockchain and collectively decide its future through protocol voting.
This concept makes Peercoin the first blockchain capable of allowing its protocol rules be governed directly by its users.
Thereby, making for a network that is more decentralized, democratic, and easily secured by people around the world.
Cryptocurrencies must have a distribution wide enough to ensure that the overall coin supply does not get concentrated in the hands of too few people.
However, a problem exists for blockchains that are run purely on Proof-of-Stake, as there is no easy way to fairly distribute the initial coin supply.
In a pure Proof-of-Stake blockchain network, the entire coin supply is created by the project founder.
Who then chooses which individuals get to own a stake. This distribution method often ends in a network with a highly centralized coin supply.
To solve this problem, Peercoin uses Proof-of-Stake for network security and Proof-of-Work for distribution. Proof-of-Work miners are rewarded with new PPC generation by the network.
Miners sell this newly mined PPC on exchanges by miners for profit and new stakeholders purchase it. Basically, who use it to mint blocks by participating in Proof-of-Stake consensus.
So while Proof-of-Stake provides security directly, Proof-of-Work is does so indirectly by strengthening the decentralization of the network through a wider distribution of PPC to new potential minters.
Read More Deposit Token – What Is It ? 2023
Besides its blockchain infrastructure, Peer has also developed a Web3 social app that uses AR to allow you to explore the metaverse.
Unlike conventional Web2 social media applications, Peer’s subspace envisions a social ecosystem powered by AR and, most importantly, taps into Web3 to make the experience more authentic.
To quote Peer CEO, Tony Tran
“Everything in the physical world is boiling down to Matter, Space, and Time.
Web1 gave us the matter via data. Web2 gave us space maps. Web3 gives us time via blockchain. If we combine it, then what we have is an ambient web where the data mapping is to the physical world with the properties of time”.
This Metatime is another crypto project I have been keeping close tabs on because of the value proposition of its entire ecosystem.
What Is Metatime?
Smart apps, digital products, hundreds of different services… Now imagine being able to use them all in a single ecosystem, in harmony.
Metatime enables you to take part in the world of the future with the most comprehensive digital ecosystem planned with you in mind.
With the backing of leading investors, Web 3.0 Innovator Metatime aims to create a comprehensive Web 3.0 ecosystem.
The Web 3.0 firm also has plans to develop multiple products, including MetaNFT Marketplace, Meta Launchpad, Meta Explorer, MetaWallet, MetaCoin, and Meta Stablecoin products.
Metatime uses blockchain technology accessible to all by providing an extensive ecosystem on MetaChain applied to various industries.
It is able to fully unlock the potential of blockchain technology by harmoniously integrating it into daily life through its extensive ecosystem. This allows users to utilize blockchain technology in every aspect of their lives.
It takes the entire blockchain world to the next step in terms of speed and security.
It allows idea owners who want to exist in the digital world with their own ideas but do not have the ability of software languages to reflect their dreams in the blockchain world with simple steps and easy-to-use interfaces.
The seed sales, before the initial public offering, backed by leading investors such as Halkbank, Kalyon Holding, Yıldız Technical University, and Türk Telekom, among others.
An additional 10 angel investors also took part in the two-stage seed sale.
By design, Metatime is bridges the gap in accessing Web3, currently riddled with technical and financial challenges.
While the project’s initial focus was on its exchange. Metaexchange, there are several Web3 innovations.
But before highlighting the rest of the product suite, it’s worth pointing out what makes MetaChain and MetaExchange viable solutions for the broader crypto ecosystem.
For starters, MetaChain leverages a hybrid mining system supported by the Proof of Meta consensus mechanism.
Meanwhile, MetaExchange is the first worldwide transparent centralized exchange offering three levels of usage; Lit, Pro, and Meta.
As for the other products offered by Metatime, they include a launchpad for crypto innovators, an NFT marketplace(MetaNFT) where NFT enthusiasts can generate, split, hire, or sell their digital assets.
A real estate-linked platform that leverages tokenization to give you fractional exposure to potential real estate projects.
Where actors and producers can bootstrap to bring their ideas to life, even with no budget.
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is the blockchain network that forms the basic building block of the Metatime ecosystem. Thanks to MetaChain, features, and innovations that are not available on any blockchain network before are inecosystem.
Achievements of Metatime
Although still a nascent project compared to the likes of Ethereum and other established blockchain innovations, Meta Time’s resilience throughout the bear market and its building culture stand as some of its strongest value propositions.
Since its launch in 2019, the Metatime team has grown to over 200 members and has raised more than $1 million from private investors.
More notably, Metatime has sold 1% of the company to several major companies based in Turkey, all of which have shown interest in the technology.
Halkbank, Turk telecom, Kaylor Insaat, and YiLdIz Teknik University. Currently, Metatime has two offices in Istanbul, one in Lithuania, and another in the U.S.
Investors have displayed a strong interest in owning MetaCoin (MTC) at a fixed price of $0.07, leading to high demand for the first private sale of MTC.
In the two-stage seed sale, 10% of the lock for the sold MTC. Opened after the final public offering that will conclude on November 11, 2023.
The remaining 90% will be released linearly for usage beginning on the main launch date, which is also on November 11, 2023, and will be available for 225 days.
The Public Roundup of Metatime Token
Since the public round sale of MetaTime’s native token, 100 million Meta Coins sold (more than 63%).
Since yesterday (March 22), MetaTime gained an additional 22,000 registered active accounts and more than 80,000 crypto-registered accounts.
Metatime’s Co-Founder and CEO, Yusuf Sevim, expressed his gratitude to all the seed investors who supported the company: “We are grateful to all the seed investors who supported us.
Their investments will help us break new ground in blockchain technology and expand the ecosystem.
We expect this process to help us achieve our goal of creating the world’s most comprehensive Web 3.0 ecosystem.”
Read More DeSci- What Is It In Web3?
It is a Web3 social application that taps into the next generation of the internet to amplify the social media experience.
The project launched in May 2022 and currently boasts over 250K unique installations, and 50K+ daily active users (DAUs).
Additionally, it has partnerships with notable players in the NFT gaming space. Including the NFT arm of Korea’s Lotte Group and Smurfs.
What I find unique about this Web3 social app is its seamless integration with Web3 profiles and its support for decentralized social graphs. Such as CyberConnect and the Lens protocol.
With Phaver’s Web2.5 mobile application, anyone interested in growing and monetizing their social media presence can do so through a few functionalities supported by Phaver’s interoperable infrastructure for social graphs.
Ideally, Phaver allows you to broadcast your content across blockchain-built social networks like the Lens protocol while retaining full ownership of their social graph.
Additionally, Phaver will support other on-chain activities such as showcasing one’s NFTs, wallet-to-wallet direct messages via XMTP, and the creation of gated communities based on the defined rules or converging interests.
Read More What Are Governance Tokens In DeFi?
Phaver’s Revenue Model
In terms of incentivization, content creators who choose to share their work via Phaver can earn rewards based on the value they bring to the ecosystem.
Phaver sets itself apart with a social gamification model that prioritizes value-addition over farming activities.
Content creators eager to grow their audience and capitalize on quality content can broadcast their posts on Premium Topics.
Thereby, ensuring greater visibility and higher potential earnings from upvotes.
However, to prevent spam or low-quality content, featuring posts on these topics requires using Phaver Points, the in-app currency.
The Phaver Alpha early deal gives you an opportunity to invest in one of the leaders in SocialFi via the SwissBorg app.
Thanks to the SwissBorg x Phaver partnership, it’s an opportunity for you to receive an early deal price on the upcoming Phaver token which you are unlikely to get again when it publicly launches on the market.
Phaver is a social media platform by social graph protocols Lens protocol & CyberConnect.
A social graph is a visual representation of the relationships between people and the way they connect.
Social graph protocols represent the on-chain approach to social media, by allowing users to easily take their profile across different dApps that support it.
Phaver is the first iOS / Android app on the Lens Protocol on May 15, 2022. The Twitter-like feel of the app makes for an intuitive user experience that successfully onboarded over 170k mostly crypto-native monthly active users.
They recently partnered with CyberConnect, potentially opening up its user base to more than a million new crypto-native users.
Phaver Raises $7M to help make Onboarding to Web3 Social Platforms easier.
Web3 platforms are often spaces reserved for the tech-savy or for people who know and use crypto.
And its for a good reason. As most platforms require a crypto wallet or two, and onboarding a non-crypto-native user is frequently a difficult hurdle for many Web3 platforms.
The average individual is more often than not left daunted by the proposition ,which usually leads them to shy away from the decentralized web.
Phaver aims to change that particularly for Web3 Social platforms, and has raised $7 million in seed funding to build a service that provides a Web3 onboarding experience that’s similar to existing social platforms.
There is huge potential to disrupt the social media landscape with the help of blockchain technology. But you may not care about the underlying technology, according to Phaver’s co-founder and CEO Joonatan Lintala.
In order to drive real adoption, your experience needs to feel its a normal social-based app, not a high-tech one.
Chiefly, Phaver’s tech aims decentralized social protocols that aim to let you create, own and monetize your social media profiles. Thereby, allowing you full control over your data.
You can also retain ownership of your social profiles and content across different social platforms. Meaning that you are not siloed onto one specific network.
The company has so far integrated its tech, or “social graph”, with the Lens Protocol, a decentralized social networking ecosystem. And CyberConnect, a Web3 social network.
The market for Web3 social app is still young, the company has stable, linear growth since app launched. It currently has 250,000 users.
Additionally, most people on phaver are (not surprisingly) focused on crypto content. But in fact, the app is seeing a growing number of people sharing snapshots of their daily lives.
Read More The Next Crypto Bull Run?
Crypto Projects – What is the Next Crypto Bull Run Prediction for 2023?
There is no consensus among experts on when the next crypto bull run will occur in 2023.
Some analysts believe that the market is bottomed out and is poised for a rebound, while others believe that the bear market continues for several more months.
While market commentators are unsure that 2023 will play host to the next cryptocurrency bull market, there is more widespread optimism for 2024.
One popular theory is that the next bull run will begin in late 2023, due to Bitcoin’s upcoming halving event. Which is a recurring pre-programmed instance where Bitcoin halves the volume of rewards provided to miners.
A halving event is a pre-programmed event that occurs every 210,000 blocks (approx. every 4 years) and reduces the amount of Bitcoin rewarded to miners by half.
Halving events historically see significant price increases for Bitcoin.
It is also possible that the next crypto bull run will not occur until 2025 or later. This is because the crypto market is still relatively new and volatile and it is difficult to predict its long-term movements.
Of course, there is no guarantee that any crypto project will go up in price. But these three projects have the potential to outperform the market in the next bull run.
If you are interested in investing in crypto, be sure to do your own research and only invest what you are ready to afford to lose.
Ethereum remains the leading smart contract network for Web3 projects to build on. Polygon enables ERC-20 projects to scale and additionally, reduces fees for you. Uniswap, on the other hand, offers exposure to decentralized finance. Then there’s ecoterra, which is revolutionizing how people will recycle in the Web3 era.
a.MEMAG – Overall best Web3 crypto Project with P2E rewards.
b. Fight Out- Web3 Project with Move-to-Earn rewards on the blockchain.
c. RobotEra – Futuristic Web3 Metaverse with virtual Land Ownership.
a.Kusama – It is a scalable blockchain network using the Substrate framework and nearly the same codebase as Polkadot.
and Avalanches are predicted to have high returns. While Bitcoin Satoshi Vision and Casper are not favored. BNB, ADA, Chainlink, and Cosmos have the potential for significant growth in the 2025 bull market.
Web 3 cryptos coins are cryptocurrencies that secure blockchain projects that run on smart contracts over the internet. Web 3 gives internet users more control over their data, while Web 3 coins allow you to own a piece of the internet.