Top Blockchain and Crypto Projects to Follow in 2023
2022 has been a year where hundreds – if not thousands – of crypto and blockchain projects were wiped out after a severe crypto market crash in early May. Only a few companies have managed to survive and thrive despite the tough market conditions and focus on building and bringing value to users.
Here we distill the most promising blockchain and crypto projects that can potentially add significant value to the cryptocurrency and DeFi ecosystem. The fundamentals and overall infrastructure make them potential players for the next season of the cryptocurrency world.
1. Metafluency
Metafluence is a social metaverse app where fans can coexist and interact with hundreds of influencers and brands anywhere in the world.
Metafluence is packed with everything users need to embark on a virtual journey full of possibilities. With $METO, the utility token, users can buy lots and turn them into virtual multi-use spaces called Metahuts. These rooms can be used for events, NFT exhibition, shopping and more.
$METO has a wider range of purposes in the Metafluence universe; efforts to earn up to 36% APY, asset transactions, buying and selling NFTs, buying virtual real estate, internal tickets and services, and merchandise from branded stores.
Metafluence’s 2023 roadmap brings more features to expand the reach of its metaverse and provide stronger support for influencer content and its community. The Metaverse will bring token holder incentives, integration of VR technology, a mobile version and more.
2. HEXN
HEXN.IO is a crypto lending platform that offers a new way to earn passive income on crypto, giving new life to the classic deposit system. Users can save in 48 cryptocurrencies, including a wide range of stablecoins, and withdraw payouts weekly – or reinvest them to use the magic of compound interest.
The deposit rates are above the industry average: currently you can earn up to 22% APY on some coins and the prepayment system is quite tempting. Important to mention that HEXN proved to be a transparent and ethical company, which discloses its complete balance sheet.
3. Panther Protocol
Panther is a cross-chain application that allows users to access DeFi privately and compliantly. When its v1 launches, users will be able to transact and distribute assets across DeFi confidentially. Panther’s zero-knowledge primitives are also generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.
Panther DAO launched version 0.5 of its protocol on December 8, 2022. It will allow users to earn rewards and help Panther test the features that enable privacy through Multi-Asset Shielded Pools (MASPs). v0.5 also allows users to create private, 1:1 security versions of cryptoassets called zAssets.
Panthers v0.5 was launched in Polygon and Ethereum. Its v1 will integrate with more market-leading blockchain ecosystems including Avalanche, Near, Elrond and Flare.
4. Globally united
People don’t really realize how much power they actually have until they really work together on a cause – Globally United was built to bridge the social, cultural and economic gap between people, beyond their geopolitical borders.
Globally, United wants to truly make an impact on the world we live in today and use blockchain, not just for speculative reasons, but to build a cultural travel-based social media platform with an open economy – providing financial accessibility and connectivity to people from all corners of the world .
With such a collaborative economy supercharged by a unique Post-To-Earn mechanism and incredible flagship features, Globally United can bring the world closer by connecting cultures, promoting strong social and environmental impact for future generations.
5. Swych Finance
SWYCH, developed by the Titano Finance team, is one of Binance Smart Chain’s most innovative DeFi projects.
Swych began as a decentralized exchange (DEX), created to serve Titano, the original auto-staking and rebasing token. But as the bear market took hold, developers saw an opportunity to go much further and push DeFi forward.
The new Swych.Finance has been under development for the past six months. In that time, it has seamlessly processed millions of dollars of swaps, generated significant revenue and successfully launched another innovative project, Uniqo.Finance.
SWYCH is the industry’s first “Active DEX”, providing crypto projects with strategies and tools designed to promote their success. This full-featured DEX offers the industry’s lowest exchange fees, burning of all native tokens collected in fees, a launchpad, an incubator and customized support services, which include marketing, usage advice and even investment funding.
In the new year, SWYCH will add staking, farming tools and launch its own SWYCH token. With a busy roadmap outlined, this looks set to be an explosive 2023 for Swych.Finance. This is definitely a project you’ll want to keep an eye on.
6. Social Good
SocialGood (SG) is the native token of the “Shop to Earn” platform SocialGood App, which gives buyers up to 100% back in SG crypto cashback. SG can be exchanged for BTC and USDT on exchanges such as Bitmart, Bittrex and Uniswap.
The SocialGood project has gained attention from investors after raising $14 million in VC funding and registering over 2 million users. They are currently offering a $100 sign-up bonus to new users, earned by spending $0.01 or more on any of the 20,000+ sites associated with the app, including eBay, Booking.com, Walmart and Best Buy.
The app is token-gated, so only SG holders get cashback and stake rewards in the app, leading to increasing demand for the limited supply token.
7. Scar Speed
Scar Speed is a free-to-play skill-based fighting car racing game with the goal of winning races with Power-Ups. Power-ups are special abilities that players can pick up while running, which they can use to gain a strategic advantage over their opponents. Imagine Need for Speed marrying Mario Kart and having a baby. That baby is Scar Speed.
At its core, Scar Speed is a massively multiplayer online battle racing game, built on top of cutting-edge blockchain technologies, allowing players to truly own their gaming earnings as NFTs (on the blockchain). The game revolves around a player-owned economy where players buy, sell and trade resources that they earn in the game. Players also have the ability to “create” resources which they can then keep for themselves or sell to other players for profit.
8. FightOut
FightOut is a move-to-earn mobile app that rewards users for being physically active, created by expert Web3 developers and supported by leading fitness influencers, trainers, boxers and MMA fighters. The app allows users to create an avatar, and track users’ workouts and save progress and achievements that are converted directly to the avatar’s attributes.
Users start by connecting to the Web3 wallet, such as MetaMask, and purchase $FGHT tokens, which can be used to stake and purchase NFT avatars. By 2023, the app plans to launch its own metaverse, where it will host PVP competitions, an in-app marketplace, and new live training sessions for users.
Final thoughts
These promising blockchain and crypto projects have the potential to become market leaders by 2023. From finance and banking, lending and cross-chain bridges, to NFTs, Web3 and metaverses, these innovative crypto projects are set to take off and reshape their respective industries.
Image by LaSu1923 from Pixabay