Last year marked a new milestone in the world of crypto. A grand total of 21,000+ cryptos have been launched so far, among which approximately 9,000 cryptos continue to thrive. Although more than half of all crypto projects ever launched have stopped existing, things are not so bad. Most of the failed projects tend to be poor imitations of established cryptos like Bitcoin (BTC) and Ethereum (ETH), and do not offer any unique value. That’s why it was pleasant to see new utility tokens with unique benefits hitting the crypto market over the past few years.
Filecoin (FIL), Snowfall Protocol (SNW), and Near Protocol (NEAR) are such utility cryptos with unique offerings. These cryptos are creating the foundation for an open, democratic, and decentralized metaverse that exists for the people and not merely use them as cattle fodder for marketers and tech giants.
Snowfall Protocol (SNW) is Building an Internet of Cryptocurrencies
Presently, different crypto projects operate as siloed units with their own ecosystems. For instance, crypto users cannot transfer their Decentraland NFTs to The Sandbox or vice versa; at least, they cannot do it easily. Snowfall Protocol (SNW) connects all major blockchains and enables the transfer of assets and funds between them. So, crypto users would not be segregated into islands of ecosystems but move freely across the entire metaverse spanning all major cryptos.
Despite the cold winds of crypto winter bearing on it, Snowfall Protocol (SNW) has managed to raise $3 million in funds from crypto users. Between the early presale and stage 3 sale, its native token SNW has shot up in price by 400%. As Snowfall Protocol (SNW) races towards its upcoming launch, Snowfall Protocol (SNW) continues to gain in value.
Filecoin (FIL) Building a Decentralized Cloud Storage
Filecoin (FIL) is the De-Fi answer to AWS, Google Cloud, and other cloud storage solutions. Filecoin is a decentralized, peer-to-peer storage network that allows enterprising individuals to offer storage services for a fee. Users can pick the storage provider of their choice and storage their files in the distributed Filecoin cloud. Filecoin uses a public, trustless system that utilizes proof-of-replication and proof-of-spacetime to verify the persistent storage of user data by the storage provider.
The vision of an open and free metaverse would come to fruition when no single entity is responsible for storing and accessing users’ data, unlike the case with Dropbox, for instance. Filecoin brings decentralization to cloud storage, which is traditionally dominated by a handful of tech giants. On Filecoin, the power to decide what happens to the storage platform rests with the community and not with a profit-minded, politically motivated tech giant.
Near Protocol (NEAR) Creating a Decentralized Cloud Computing Platform
Near Protocol (NEAR) is a highly scalable and decentralized cloud computing solution. Near Protocol is to cloud computing what Filecoin is to cloud storage. Near Protocol makes it virtually effortless for developers to launch new dApps on the platform. Near Protocol uses human-readable addresses to make this possible. Additionally, Near Protocol developers don’t have to struggle with learning new programming languages. They can use built-in tools and resources on Near Protocol to equip their apps with the platform’s extensive features. Easy-to-read documentation makes the entire process easy. Near Protocol’s offering makes it a cornerstone of a democratic and decentralized Web3 and metaverse.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin