4 Cryptocurrencies To Keep A Watch On: Land (LAND), Flow (FLOW), STEPN (GMT), Efinity Token (EFI)
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Summary:
- A summary of LAND, FLOW, GMT, EFI.
- Proof of work, proof of stake, proof-of-history
- DApps, Investing, Lifestyle.
The Land Crypto platform
A decentralized platform called Landbox (LAND) provides users with real-time updates and information on international real estate investing. The platform solves the real estate market problem that demands physical attendance, stability, security in transactions, inflexible transaction procedures, limited liquidity, a long gestation period, etc. To address these issues, Landbox has implemented three innovation systems: the Develop Relay Project (DRP), the Prop-Tech System, and the Crypto-Tech System. Landbox aims to create an ecosystem for information sharing where anyone can take part and safely and conveniently share real estate investment information, according to its whitepaper.
Users of the Landbox platform can conduct transactions using LAND, the platform's native coin. The users can communicate within the site and with other users by using LAND. Additionally, users can access third-party projects they discovered on the site by paying with LAND tokens.
Farmers and ranchers can access land information, tools, and resources through the LandBox platform to assist them in making decisions regarding their land. Farmers and ranchers can manage their crops, cattle, and other assets on their land as well as sell or lease their land through the LandBox platform.
The Flow Platform
A new generation of games, apps, and the digital assets that fuel them will be built on Flow, a quick, decentralized, and developer-friendly blockchain. The only layer-one blockchain that was first developed by a team that continually provided excellent user blockchain experiences is called Flow: NBA Top Shot, Dapper Wallet, and CryptoKitties.
The only blockchain that incorporates usability enhancements into the protocol layer is Flow, which was built from the ground up for mass adoption. Leading brands and developers are already constructing on Flow to enable innovative new experiences with top-notch content.
Top entertainment companies, development studios, and venture-backed businesses make up the diverse ecosystem of Flow. Global IP companies like Warner Music, Ubisoft, the NBA, and the UFC are among the partners in the flow ecosystem. Other notable projects among the upcoming class of high-growth firms include Opensea.
The STEPN platform
On the Solana blockchain, STEPN is a self-described "Web3 lifestyle app" with GameFi components. It creates a new category called "move-to-earn" by fusing elements of a play-to-earn game and a fitness software. Users purchase NFT sneakers so they can walk, run, or jog while earning in-game currency.
By encouraging millions of users to lead healthier lifestyles, STEPN seeks to transform the fitness application business. The app addresses a number of issues, such as "proof of movement" (demonstrating that users actually exercised) and a working GPS system. Additionally, STEPN monetarily pays users, intends to include social reward components, and successfully contributes to carbon neutrality.
Proof of performance came from STEPN's proof of concept from that coding contest. The STEPN app employs NFTs to feed data obtained from users' smartphones' accelerometer, gyroscope, magnetometer, and GPS sensors. It is hosted on the quick Solana blockchain.
The Efinity platform
Enjin created the cross-chain NFT platform known as Efinity, which is based on Polkadot. According to the project, Efinity was developed as the next-generation blockchain for digital assets with the goal of adjusting to the difficulties presented by the non-fungible token market. The NFT space is the Efinity project's primary area of expertise. The protocol allows for the creation, distribution, transfer, sale, and purchase of NFTs by traders and gamers. Efinity intends to make user experience and digital asset administration simpler, as well as to lower barriers to entry into the NFT industry and decentralized gaming.
Fast transactions and low costs, the use of so-called fuel tanks, support for contracts with multiple signatures, and the adoption of Efinity Swap technology are just a few of the distinctive aspects that set Efinity (EFI) apart from competing blockchain systems.
The whole Efinity ecosystem is powered by the Efinity Token, and EFI aspires to give priority to token creation, transfer, and purchase via an inter-chain infrastructure of protocols that will result in decreased transaction costs. In terms of incentives, miners who create/trade tokens and so build a community receive rewards on PoW blockchains with NFT capability.
Sources: fxmag.com
