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Top New Crypto Projects to Watch in September
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Most of us in crypto are looking for these high-potential protocols. These are crypto projects for the long term. You start to look at their fundamentals.
For example, the team and the tokenomics. Based on the outcome, you decide they’re worth your time and money. Now you can get the ball rolling. We found six new crypto projects with this high potential. So, let’s dive in.
1) Legion, A New Wind on the ICO Market
Legion is a protocol that helps you with access to early-stage crypto projects. It wants to democratize this process. It not only looks at a project’s portfolio value. Legion has different priorities. For example, merit, skill, and passion.
You can see this as a reaction to the VCs control over new projects. We, as retailers, can’t get access to these new projects. They tend to have a high FDV (fully diluted valuation) at launch, and teams have a hard time to raise funds.
Source: X
Legion wants to change this. However, there’s not much known yet about the details of the project. Nonetheless, it has attracted some interesting backers. For example, CoinGecko, Delphi Labs, or John Wu. You may want to keep an eye out for this platform’s development. You can join their waitlist.
2) Soneium, Sony Enters the Layer 2 Scene
Sony Block Solutions Labs developed this Layer 2. Soneium uses Optimism’s OP stack on Ethereum. And yes, there’s an association with Sony. Now, with Sony in the game, it raised quite a bit of interest. Their Minato testnet launched 28th August.
X is full of airdrop guides. The listing on Binance surely helped as well. There could be an airdrop as early as 11th September. It will also launch a Soneium Spark Incubation Program soon. Teams can receive up to $100k as an investment help.
Soneium bridges Web3 with Web2. In other words, blockchain tech with the internet as we know it. Its initial use cases are in the blockchain gaming area, NFT markets, and DeFi.
Source: Get Moni
3) Bolt Protocol
Bolt Protocol enhances the UX or user experience. Chainbound, the company behind Bolt, recently raised $4.6 million in a seed round. It wants to tackle Ethereum’s confirmation delays. Bolt claims that it can reduce the current 7-second to a several-minute delay to within a second. It will use preconfirmation technology to achieve this.
Preconfirmations receive confirmation before they’re added to a block. It leverages restaking to give economic guarantees. Bolt works with an optimistic failure mode. This allows a proposer to breach their commitments. However, they will receive a penalty for doing so.
Overall, his improves the user experience and the way dApps interact with Ethereum. The picture below shows how the Bolt-enabled on-chain future looks like.
Source: Bolt Protocol
4) lINFINIT
INFINIT can launch and scale any DeFi protocol in minutes. It is a DeFi Abstraction Layer. Such an abstraction layer makes the life of developers easier. They don’t need to interact with each blockchain’s unique data structure. There’s also no need to learn various query languages.
So, this translates for INFINIT that a dev doesn’t need to know any coding languages. In other words, you and I can become devs. We can not only launch new DeFi protocols within minutes. We can also scale them within minutes across an L1, an L2, or a modular chain.
Source: X
INFINIT has an impressive list of investors. For instance, Electric Capitol, Arthur Hayes, or Bankless Ventures.
5) Nucleus
Nucleus wants to be a composable platform. It’s the default yield provider for networks. In other words, it can enable yield generation in any network. You can mint a Nucleus-powered Network Asset. It allows you to accrue yield from various networks at the same time. This includes Ethereum and currently over 20 other networks. For instance, Sei, Scroll, Frax, or Manta Network.
Last month, Nucleus raised $7 million in a funding round. Among its backers are, for example, Robot Ventures, Maelstrom, and Manifold plus 70+ more. With Nucleus, there’s no need anymore to explore new ecosystems via embedding yield. Nucleus removes the opportunity costs for this exploration. The picture below shows how networks can supercharge their ecosystem.
Source: Nucleus
6) Sprinter
Sprinter is about chain abstraction for dApps. The UX is important not only to attract but also to keep users. The current tech evolves at a rapid speed. Various chains all have their unique UX. This can get complicated when you switch between chains and dApps. As a result, transactions can become too complicated.
Sprinter has a solution for this. It allows devs to support various account types. This is also interoperable. Furthermore, it supports various wallet types as well. It gives some great options, for instance, it;
- Treats various account balances as a single balance.
- Signs transactions once and thus removes network switching.
- Automatically uses the best execution paths for cross, L1, L2, and L2 to L1 transfers.
Source: X
Conclusion
Being early in crypto always pays off. Here are 6 new crypto projects to keep an eye out for during September.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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September 6, 2024 at 05:50AM
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