A Basic Guide to Blockchain Investing: SmarterWorx (ARTX), Aptos (APT) and Lido Staked ETH (stETH)
Crypto markets are highly volatile. However, this volatility also creates excellent opportunities for people to make money. A good example of this is Bitcoin. Since its introduction, its value has grown thousands of times. Those lucky enough to invest in the early days of BTC are most likely millionaires today.
While the crypto market has matured a lot and the opportunities to mint millions have diminished, it is still possible to strike it rich. One of the first things you need to check when investing in a crypto project is the value proposition. A good crypto project must have solid real-world use cases. In the past, many crypto projects have failed due to a lack of real-world use cases. Below are good examples of viable projects that will last long-term.
SmarterWorx (ARTX)
SmarterWorx is an innovative project that aims to merge the art world with crypto. The project struck a chord with the art world for its enduring nature. Since the dawn of modern civilization, art has always been considered a worthy investment.
In the modern financial system, art has a prominent place in the wealth portfolios of global billionaires. Since 2000, art as an investment has proven its value. Every year since, it has outperformed the S&P 500 index. It has also performed many times better than real estate, which has recently experienced major upheavals.
Today, many wealth managers believe that art should be part of an overall wealth strategy. In the first half of 2022, art sales at auction rose to $7.9 billion, up from $3.27 billion in 2020. Today, many young art collectors show a strong interest in NFTs, while many others support the idea of partial investments in art.
SmarterWorx is thus a project built to respond to large market demand for the merging of blockchains and art. As the recent NFT boom has shown, many, especially the young, are interested in art investments outside the traditional means.
With a high demand for crypto-based art, SmartWorx created the ARTX token, whose value is stabilized by a significant art collection. The art collection consists of contemporary artworks linked one-on-one to NFTs. With a large selection of carefully curated art to back it up, ARTX will be a stable, long-term investment whose value rises over time.
Another strategy SmartWorx will use to maintain its value is to invest in the community. The developers understand the huge role a supportive and motivated community can play in promoting the value of a crypto project. Accordingly, holders of ARTX tokens will receive stake rewards and distribution of royalty fees from NFT sales. Since each NFT is placed on the blockchain, tracking these fees will be automatic, secure and verifiable.
Aptos (APT)
Aptos is designed as a layer-1 blockchain created by Aptos Lab. It supports smart contracts and uses the Move smart contract language. What stands out is that the team behind the Facebook Diem crypto project developed it. While Diem was unsuccessful, the team still gained a lot of experience while working on it.
Aptos uses the proof-of-stake consensus mechanism. Combined with the Move programming language, it is extremely flexible and safe. Developers using Aptos have more control over data management and execution.
Lido Staked ETH (stETH)
Another promising project is Lido Staked ETH (stETH). Staked ether (stETH) was launched in 2020 in anticipation of Ethereum 2.0 with its proof of stake mechanism. The goal is to act as a liquidity token where holders can deposit ETH into a smart contract in the Lido blockchain and receive stETH 1:1 in exchange.
Holders of stETH tokens can earn ETH 2.0 stake rewards while benefiting from yield farming across DApps financial products and much more. The StETH token allows holders to earn stake rewards for each day they hold the tokens. These tokens are liquid, meaning they can be used to sell, trade or invest.
Summary
Each crypto project above makes a good investment. However, the SmarterWorx (ARTX) project stands out in that it is still in its formative stages. Consequently, there is an opportunity to earn huge profits by investing in the pre-sale phase.
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Disclosure: This is a sponsored press release. Do your research before buying cryptocurrency or investing in projects. Read the full disclosure here.
Photo by Shubham Dhage on Unsplash