Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. In this overview, RevenueBot highlights a few coins to keep track of.
Guardians of the Ball (GOBAL)
Guardians of the Ball is a hyper-realistic and fully interactive metaverse featuring soccer clubs, leagues, players, fans, artists, legends, among others. The platform offers a one-of-a-kind environment, fraught with emotion and passion where you can enjoy all kinds of events like matches, concerts, and more.
GOBAL is a native currency of the ecosystem. Each NFT in the GOB represents a certain number of convertible tokens equal to the your contribution to the ecosystem in question. These perpetual convertible bonds are used to access both virtual and physical experiences in the soccer space.
Friend.tech (FRIEND)
Friend.tech is a decentralized social media platform that has rapidly caught the eye of the cryptoverse. The platform is built on the scalable Base network by Coinbase which enables users to buy and sell so-called “keys” (originally called “shares”) of their favorite X (formerly Twitter) accounts. Each Friend Key on Friend.tech stands as a stake in a specific X account, allowing for ownership and access to private messaging with the account holder.
Friend.tech raised an eye-popping $19 million in just two weeks since its launch, outstripping pretty much every other on-chain protocol in the world (other than Ethereum and Lido). The app launched in beta (invitation-only) on August 10 and quickly went into overdrive, seeing over 115,000 unique users take advantage of the tokenization mechanism and carried out 1 million transactions.
Slash Vision Labs (SVL)
Slash Vision Labs is a cryptocurrency payments landscape with its groundbreaking ecosystem, built on the Mantle Network. With respect for the principles of decentralization and community empowerment, SVL redistributes 100% of protocol fees back into the ecosystem, rewarding token stakers and fostering active participation.
Slash supports all existing tokens, marking a new generation of decentralized payment instruments.
Conclusion
When investing in new coins, you keep an open mind on all the risks, because the chances of a coin remaining at the same price brackets or depreciating are sky-high.
This material is not a piece of financial advice and is for informational purposes only.
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