The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. 

Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. It is capable of running in all smart-enabled blockchains. It currently runs on the BNB Chain with plans to also run on the Ethereum and Polygon blockchains.

## The Seesaw token

The Seesaw token (SSW) is the utility token of the Seesaw protocol ecosystem. Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time.

SSW can be traded and farmed across the Binance Chain, [Ethereum](/coins/eth), and Polygon blockchains. The tokens have a max supply of 990,000,000 SSW coins.

Among the many reasons to get this digital currency is the reward incentive of simply holding them. A regular airdrop feature enables long-term holders of the token to earn extra coins.

As of writing, each coin is currently trading at $0.000964. According to [Coinmarketcap](https://coinmarketcap.com/currencies/seesaw/) rankings, they are the 7,943rd largest cryptocurrencies by market cap.

## SSW price movement

On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months. Their price at the start of the presale was $0.005. On April 14th, the tokens experienced their all-time high price, trading at $0.46.

The tokens would, however, start to experience a price decline going forward. According to many expert investors, it was to be expected as the entire cryptocurrency space was experiencing a bear market. By the end of May, each SSW coin was worth $0.004495.

The tokens ended June trading at $0.001172 and July worth $0.0009315 each. Things are still not looking up for SSW as it continues with its downward trend.

## Is the Seesaw protocol a good investment?

Some crypto investors have pointed out a few concerns about the seesaw protocol (SSW)
. While it does offer a much needed solution in the crypto world its huge token price crash is of concern.

Huge crashes are, however, common in the crypto space. Shiba Inu (SHIB) is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong.

The fact that the project is backed by an anonymous team is also concerning to some people. But, so are many other crypto projects. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date.

## Bottom line

To be fair, SSW is new, and we can only expect so much as the project behind this cryptocurrency continues to develop. 

As for now, how the tokens will behave in the future, only time will tell. On the bright side, their current market price makes them an ideal entry point into the crypto market. Just remember to do your research before investing in any crypto project.





The Seesaw Protocol Explained

If you have been looking for recently launched breakthrough projects with high potential, you might have heard about [Mina coin](https://minaprotocol.com/). It was launched last year to introduce succinct blockchains. The protocol seems promising as its roadmap involves developments in blockchain software development kit’s (SDKs) and zero-knowledge apps. 

Though the project has not seen many developments yet, Mina’s price is growing steadily. If you are wondering about the prospects of investing in this coin, here are some insights!

## How does the Mina protocol work?

Mina protocol introduces itself as the world’s lightest [blockchain](/articles/learn-moni/what-is-blockchain), with a size of only 22KBs. It’s a layer 1 protocol that uses the zero-knowledge succinct non-interactive argument of knowledge (zk-SNARK) for proof. This allows the validator to verify without interacting with the prover directly. You can even operate it offline via your phone as a node.

It’s an enhanced PoS mechanism that allows all members to be involved in consensus. When a block is added to the blockchain, zk-SNARK can take a snapshot for validation. This protocol can be useful for keeping data untraceable and secure. 

## Mina coin price predictions 2023, 2025, 2030

According to Coingecko, the Mina coin’s current price is $0.92. It has seen a huge dip from last year’s high of $9.91. But considering it is new crypto and the market is going through a tough winter, its price is still reasonable. Current price predictions for the coin are either too bullish or suggest a crash. 

The most bullish forecast for the token is from [UpToBrain](https://www.uptobrain.com/business/mina-price-prediction/). It predicts that in 2023, its price might recover and hit the $25 mark. Moreover, it is likely to get doubled to $50 by 2025.

Analysts from [PricePrediction.net](https://priceprediction.net/en/price-prediction/mina) also suggest positive growth of the token. As per their forecast, the cryptocurrency will average $1.49 in 2023. In 2025, it is likely to be hovering around $3.23. By the year 2030, it might cross the $24 mark.

Compared to these predictions, [WalletInvestor](https://walletinvestor.com/forecast/mina-2-prediction) shows a bleak picture for the project. The forecast suggests that the token’s value might go as low as $0.18. Also, it indicates that it can be quite a risky asset for long-term investment. 
 
## Bottom line

Mina crypto is an innovative project that introduces a succinct blockchain. Some of its price forecasts indicate steady growth in its value until 2030. However, as the project has not seen major developments on the blockchain yet, its price might tank quickly with the market’s downward trend. This article does not serve as financial advice.

You should research before making financial decisions since crypto trading involves certain risks.



Is Mina coin a good investment?

[Nyzo](https://nyzo.io/) is a democratic, open-source, decentralised, and effective blockchain. The system prioritises scalability, and the block time is seven seconds. The project was created entirely from scratch, with completely new coding, with an emphasis on simple and safe usability.

It is an ecosystem that consists of coins and non-fungible tokens. The coin is used to power the ecosystem, and the NFTs are used to represent digital assets stored on the protocal.

The Nyzo blockchain was created to build a more sustainable blockchain ecosystem. The team behind is committed to creating a fair, secure, and transparent platform.

## Consensus model

It is based on a consensus model "proof of diversity.” Proof of diversity necessitates active participation in the form of time and verifier behaviour in the blockchain to impact the system as a whole. The proof-of-diversity blockchain establishes the authoritative form of the blockchain through verification cycles. This is neither proof of work nor proof of stake. It is a new consensus mechanism that draws strength from diversity of participation. While proof-of-diversity has its own concerns that must be addressed in order to ensure the blockchain's integrity, it aims to overcome the problems inherent in [proof-of-work and proof-of-stake](/news/article/pos-vs-pow) systems while remaining efficient.

The NYZO network (Mesh) comprises "verifiers" who verify new blocks every 7 seconds in a circular pattern. The mesh is split into two groups: the "in cycle" and the "queue." Verifiers in the cycle build the actual blockchain network and earn money by verifying blocks in a circular order, while verifiers in the queue wait to join the cycle.

A new verifier is selected to join the cycle after every two full cycles by receiving votes from existing verifiers. This process is completely automated and random, and each verifier has the same chance of joining the cycle. This mechanism ensures the greatest possible diversity.

## Nyzo price

The current price of the coin is $0.022132417070, with a 24-hour trading volume of $25,023.81. In the last 24 hours, the price of has fallen by -4.7%. There are 21 million coins in circulation, with a total supply of 100 million.

The NFT-"Nyzo around the world" has a current floor price of 0.17ETH. 

## Is Nyzo a worthy investment?

The forecast for the coin in 2022 is Bearish, based on multiple [technical quantitative indicators](https://coincodex.com/crypto/nyzo/price-prediction#technical-analysis). This could indicate that the coin can be a risky investment in 2022. According to Nyzo price prediction, the price will rise by 4.33% to $ 0.023112 by August 25, 2022. However, before deciding whether to buy or not, it is critical to consider both technical factors and study the market before investing. 



The ultimate Nyzo blockchain ecosystem guide

In the crypto space, there has been a lot of back and forth discussions on AVAX vs Solana. Both these blockchains have risen as Ethereum killers because of their high efficiency and minimal costs. But which one is the ideal choice? 

[Solana blockchain](/news/article/solana-price-gbp) has developed into a diverse ecosystem where you can mint NFTs, develop DApps and games, as well as generate a passive income. On the other hand, [Avalanche](https://www.avax.network/) is an innovative solution for Ethereum limitations that works as a subnet for developing DeFi projects. 

Suppose you are considering investing in SOL or AVAX. In that case, this article will help you decide which crypto has the higher potential. Let's dive in!

## Should I buy Solana or AVAX?

Before buying any crypto, most people make the mistake of only considering the token's price. However, to gauge the potential of any crypto, you have to consider several other factors. Here are a few of them!

## Consensus Mechanism

Avalanche (AVAX) and Solana (SOL) are layer 1 networks that follow the Proof-of-Stake (PoS) consensus mechanism. To add a block to this mechanism, you need to stake a certain amount of the network's token. On the Avalanche network, you need at least 2000 AVAXs to validate the smart contract. 

In comparison, Solana uses a hybrid version of PoS that also involves Proof-of-History (PoH) for transparency and efficiency. This allows it to have better throughput and low latency. Moreover, its validation nodes only require a fraction of SOLs, which keeps its cost to a minimum. 

## Blockchain trilemma 

Both claim to resolve the blockchain trilemma of decentralisation, security, and scalability. Avalanche uses PoS along with the Snowball technology to achieve decentralisation and speed. It has a multilayer structure involving X, C, and P chains, which allows scalability. And since its C-chain supports the Ethereum Virtual Machine (EVM), you can acquire the security of the Ethereum network.

Contrastively, SOL blockchain uses a mix of both PoS and PoH mechanisms. This helps in improving its security and making it decentralised. Moreover, it is stateless and uses eight different technologies, making it more customisable and scalable. However, it still faces issues like network outages and security. Moreover, Avalanche has a slight edge for decentralisation, as it has a Nakamoto coefficient of 26, whereas SOL has only 19. 

## AVAX vs Solana Tokenomics

Avalanche token has a total supply of 720 million tokens, and 220 million are currently in the market. Half of the supply is in the genesis block, while the other half will be minted over time. Comparatively, SOL's total supply is 511,616,946, out of which 348,706,462.29 are circulating. Moreover, Avalanche has a better Total Value Locked (TVL) in DeFi protocols of 11.21bn, whereas Sol's is around 6.88bn. 

In terms of price, [SOL (46.25)](https://coinmarketcap.com/currencies/solana/) is currently performing slightly better than [AVAX (29.50)](https://coinmarketcap.com/currencies/avalanche/). Solana's NFT marketplaces and DeFi projects make it a more valuable ecosystem than Avalanche, which is still evolving. 

## Efficiency and cost 

Avalanche can handle up to 20,000 transactions per second. In comparison, SOL has the potential to complete 65,000 transactions in the same period and has better throughput. Nonetheless, both options have a higher speed than Ethereum.  

In addition, SOL is also a better choice in terms of cost. The average transaction fee for SOL is only $0.00025, making it the most cost-effective ecosystem. However, AVAX is not too expensive and costs only $0.005 to $0.05. 
Bottom line

AVAX vs Solana: Which one is the best? Both cryptocurrencies are cost-effective, scalable, and efficient replacements for Ethereum. Yet, both have some favourable and unfavourable factors. 

AVAX is better than SOL in terms of decentralisation, security, and TVL. Whereas SOL transactions are faster and cheaper. It also has a growing community, NFT marketplace, and number of DApp projects, making it more performant than AVAX. 




AVAX vs Solana: Which crypto is the best buy?

Competition in the crypto space has made a few projects come up with innovative ways to entice and get new users. Some crypto projects offer  tokens for free, but with a catch. Depending on the project you can earn free crypto by learning or playing.

## What is Learn to earn crypto?

Learn to earn crypto involves getting free crypto by learning about digital assets on a crypto platform. The free crypto you get is usually the one you’ve learned about.

Since there is nothing like a free lunch , how do the platforms benefit? The platforms benefit in two ways. Firstly, by learning about crypto on a platform you boost its traffic. You are also more likely to engage with other services the platform provides.
Secondly, the free crypto tokens you get make you an investor in the tokens. The more people get the free crypto, the better its chances of price appreciation over time.

## Learn to earn crypto platforms

A few well-known platforms offer the learn to earn crypto incentive.

## Coinbase

Coinbase is a reputable crypto exchange with thousands of [coins](/coins), tokens and NFTS. The platform allows users to learn about different crypto currencies and earn through its [Coinbase Earn](https://www.coinbase.com/learning-rewards) page.

As per the platform users can choose whichever available crypto coin they would like to learn about, do a simple quiz, testing whatever they have learned then get their free crypto. Some of the coins and tokens users can learn and earn from include GRT (The Graph), GAL (Project Galaxy), and ALEPH (Aleph.im).

Note that to benefit from Coinbase Earn you have to meet all its eligibility requirements, which include living in a country eligible for Coinbase Earn. The program is, therefore, available in selected countries.

## Binance 

Binance is another popular crypto exchange available in more than 140 countries globally. Like Coinbase, Binance allows users to earn free crypto through its Learn & Earn section.

In the [Learn and Earn section](https://www.binance.com/en/support/announcement/178888d976424c43baabd1b1c649e6ff), are instructional films and reading materials that enable users to learn about several crypto coins. Once you are done learning about a preferred crypto coin you will take a quiz to gauge your understanding of the coin. If you pass the quiz you get your free crypto coins.

It is worth noting that Binance’s learn and earn rewards are limited. Once they get depleted users can’t participate in the program any more.

## CoinMarketCap 

Coinmarketcap is a price-tracking website for crypto assets. The platform allows users to earn free crypto through its [Earn Crypto](https://coinmarketcap.com/earn/) page.

On the Earn Crypto page are lots of crypto coins including TRX (TRON), SXP (Solar), LIKE (Only1), and SAND (Sandbox) to learn and earn from. There are video tutorials and reading materials to help learn about the various coins. A quiz comes at the end. Once you pass the quiz you get your free crypto.

Coinmarketcap’s learn and earn program is also [limited to certain countries](https://coinmarketcap.com/earn/faq). Users from countries like Belarus, Cuba, Iraq, Iran, and Mainland China cannot participate in the program.

## Phemex 

Phemex is a crypto exchange and trading platform trusted by millions of users across the globe. The exchange has a Learn & earn page where users can earn free crypto.

On the Learn & Earn page users can familiarize themselves with basic crypto concepts and exchange features through watching short videos. After your learning session, you will take a quiz, which will determine whether you get your free crypto or not.

Phemex Learn & Earn program is limited to selected countries. The program is currently not available in India, Russia, Venezuela, Ukraine, and Indonesia among other countries.

## BitDegree  

BitDegree is an online education platform powered by blockchain. The platform has a LearnDrops page where people can learn about real-world crypto projects and earn crypto.

The process of earning free crypto through BitDegree’s LearnDrops is the same as other Learn to earn crypto programs. Once you watch a video about the crypto project you wish to learn about you will do a quiz. If you pass the quiz you get your free tokens.

## Bottom line

Learn to earn is one of the many ways various crypto projects are looking not only to survive but profit from the cryptospace. The program, while it might cost platforms a few coins offers them a lot in terms of traffic and coin adoption.

Listed above are only a few platforms that offer learn to earn crypto programs. Do your research and you will find more blockchain-based platforms that will allow you to earn free crypto by simply learning about a crypto coin, project, or topic you are interested in.

Learn to earn crypto

Invesco, a global asset management firm, has [launched a $30M Metaverse-focused investment fund](https://www.cryptotimes.io/invesco-launches-multi-million-dollar-metaverse-fund/).
 
Registered in Luxembourg, the Invesco Metaverse Fund has around $30 million in capitalization. The Metaverse is a network of immersive 3D worlds and online communities where people interact using virtual reality headsets and augment reality.
 
The Metaverse fund will be invested in large, medium, and small-cap companies across the Metaverse Value Chain, which "encloses many different interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds."
 
According to Tony Roberts, a fund manager at the investment firm, The interconnectedness of the Metaverse "will probably have a transformational effect across businesses as diverse as healthcare, logistics, education, and sport," noting a PWC December 2020 report that estimates virtual and augmented reality has the potential to add $1.5 trillion to the world economy.
 
Roberts continued, “We will aim to take advantage of these possibilities in a selective, valuation-conscious manner”.

## 7 core investment areas

The Invesco Metaverse Fund is an actively managed fund that will invest in seven key core areas, including:

1)	hardware and devices that provide [Metaverse](/news/article/farming-games-in-metaverse) access
2)	next-generation operating and computer systems
3)	hyper-connected networks
4)	artificial intelligence
5)	blockchain solutions
6)	interchange tools required to achieve system interoperability
7)	Other services and assets that will aid in digitizing the real economy.

All of these areas of focus are envisaged to plug together to form the Metaverse and next generation of the internet, also known as Web 3.
 
 
In March 2019, Invesco launched its first blockchain-related exchange-traded fund (ETF) on the London Stock Exchange. The firm was also actively seeking to launch several Bitcoin-related ETFs in the United States but to no avail.
 
Invesco partnered with crypto indices provider CoinShares in November last year to launch its first European exchange-traded product (ETP) backed by physical Bitcoin.

Fund investing is a great way to get exposure to companies involved in providing the picks and shovels needed to create the Metaverse, and that is where Invesco see’s the market opportunity which will appeal to investors. Just DYOR, check the terms and conditions and trade safely. 


Invesco launches $30M Metaverse fund

Afrostar launched its cryptocurrency token in November 2021 and plans to launch a coin on a bespoke blockchain imminently. The introduction of this crypto asset comes at a time when countries around the world begin to regulate the integration of cryptocurrency in developed economies.

Afrostar aspires to combine Africa's digital assets under a single brand. It is envisaged that the asset would be widely accepted across the region and eventually become one of the world's most popular cryptocurrencies.

## What is the Afro star coin project?

[Afrostar](https://www.afrostar.io/) has created cryptocurrency token that is currently live called AFRO on the Binance Smart Chain. The intention is that trade between African countries will be facilitated by the adoption of this token, and Africans will be able to invest in it and the underlying platform to earn profits.

The Afrostar  project plans to develop coins, online tools and decentralized applications (dApps) aimed at cryptocurrency investors. A new coin will be launched along with the project's own blockchain, NFT platform and cryptocurrency trading exchange. An Afrostar app is in development to make all the offerings accessible.

Africa's residents will be able to use the Afro star coin blockchain to create dApps and [access blockchain-based services](/news/article/applications-of-blockchain). 'We are happy to announce the groundbreaking Afrostar platform, Africa is the future of the globe and we want to be a part of making it so. ' stated a project representative.

### The Afrostar project is divided into three phases: 

1) Phase 1: The Afrostar [token](/news/article/crypto-coin-vs-token) was launched. 
2) Phase 2: Launch of the Afrostar coin and blockchain.
3) Phase 3: Launch of NFT and exchange platforms.

## Is Afrostar going to be a hit?

According to data from CoinGecko, Afrostar's native coin, AFRO, had a recent daily trading volume of over $2 million. The Afrostar project is being developed at a time when Africa is one of the top three global markets for cryptocurrency adoption.

Because of the continent's burgeoning digital currency market, the new project will include a wide range of features that Africans have shown a need for. There were already 0.5 million prospective Afrostar consumers at the start of construction.

The project's backers have decades of business expertise and have already begun a successful marketing effort to raise awareness of the initiative among the general public.

## Is Afrostar open to all investors?

While the Afrostar initiative has a significant focus on Africa, the app and the Afrostar token can be used by people throughout the world. The token's value will rise in direct proportion to the number of individuals using the app.


What is Afro star coin? Africa's crypto overview

Timeless is a collection of avatars that will serve as playable characters within Treeverse, an upcoming blockchain-based massively multiplayer online role-playing game (MMORPG). Timeless grants you a distinct look in the game. Over 11,111 avatars will be created in total. There will be no public auction. Instead, on the release day, community members will be able to purchase an avatar for 0.222 ETH. Timeless crypto avatars are free for NFTrees holders.

The creators of Timeless crypto NFT, Loopify, has also stated that Timeless is aspiring to become a brand. He also mentioned anime, manga, and figurines without providing a particular plan.

Treeverse released pixelated copies of the project's Timeless avatar NFTs in April 2022. The new collection is non-dilutive and available online.

All Timeless characters have a 3D avatar that may be used as a metaverse avatar inside Treeverse, the sci-fi and fantasy-themed play-to-earn MMORPG created by Loopify and Mooner Labs. The characters are cel-shaded, 3D rigged, and animated, so they may be utilised on numerous platforms.

## How to buy Timeless Characters?

Follow the instructions below to buy the required Timeless Characters NFT collection on the OpenSea platform.

1. Navigate to the marketplace and click the "Download" option.
2. Complete the signup process and create your own account on the platform. 
3. Consider a strong password to secure your account.
4. Before you agree to the terms and conditions, carefully read them.
5. Log in to OpenSea and add your crypto wallet.
6. For a bank transfer, click the "Buy" button.
7. Indicate how much money you are willing to pay (USD).
8. Fill in your payment card information and confirm the transaction.

Timeless Characters now has a price floor of 0.4 ETH and a 24-hour trading volume of 5.0212 ETH with ten sells. Timeless Characters' price floor has dropped 1.44% in the previous 24 hours. The average selling price for 7D is 0.5138 ETH, the highest sale price for 7D is 2.00 ETH, and the lowest sale price for 7D is 0.3104 ETH. With a floor cap of 3,768 ETH, the project is presently ranked #103 in NFT Price Floor. It has a 3.73% listed ratio and a maximum supply of 9,421.

Considering the Timeless crypto NFT [market cap of $7,123,381.76](https://www.coingecko.com/en/nft/timeless-nft) and the current demand in the NFT, it can be considered a promising investment for the future. 

Before proceeding with your decision to buy the NFT, here are a few things to consider:
First and foremost, conduct deep market research. Second, examine the current market circumstances. Thirdly, think of whether it is beneficial to invest in the NFT right now. These are entirely views of the author and must not be perceived as financial advice. 







What is Timeless crypto NFT?

If you've been reading about the various uses of the [Manta coin](https://coinmarketcap.com/currencies/manta-network/) protocol, you've probably noticed that it has a lot of different underlying digital assets. This is because Manta allows users to exchange digital assets anonymously through the use of the MantaDAX platform.

These exchanges and payments are entirely private and anonymous, as they use two old coins and generate two new ones. This makes them a particularly good choice for a variety of purposes.

## zk-SNARKs

The zk-SNARKs cryptographic algorithm is implemented by the Manta network. Essentially, it's a method that allows two counterparties to verify information without sharing the underlying data.

This could be useful for things like logging into a website and confirming one's identity. This would ensure that a user's identity and transactions remain confidential.

Ring signatures and zk-SNARKs have both been the subject of criticism since the project was first introduced to the mainstream. However, new developments have solved most of the identified design flaws.

For instance, research has criticized the Monero ring signature scheme. A leaked reference string could be used to create undetectable fake proofs. Secondly, zk-SNARKs' reference string cannot be upgraded. 

## Substrate framework

The substrate framework is the main technology behind the Manta network, an on-chain privacy protocol that utilizes zero-knowledge proofs for private crypto assets. The manta network interoperates with the Kusama and Polkadot ecosystems.

The network recently launched a new logo and shifted its focus from product development to brand building and strategy. It is now looking to secure a place in the crypto sphere with the support of the substrate framework.

The team at Manta Network has built a private layer to the Polkadot ecosystem, which is natively compatible with other projects and parachain assets. In addition to this, the network has wrapped several major cryptoassets such as Bitcoin, Ethereum, and Litecoin.

The company released a test net during Q1 of 2021. It has already submitted its architecture to the Web3 Foundation and the International Association for Cryptologic Research (IACR).

## MANTRA DAO

MANTRA DAO, a blockchain technology development company, has created [a new protocol called DeFi](/news/article/instrumental-finance-defi). The project is built around the idea of storing collective wealth with crypto assets, which is similar to a bank.

This protocol utilizes crowd wisdom to create a decentralized ecosystem that is community-governed and transparent. It was first created for the Polkadot ecosystem but has since expanded to other popular dApp platforms, including Ethereum and Binance Smart Chain. The project is also planning to launch its own chain, MANTRA, which will support the Terra cryptocurrency.

While MANTRA DAO is not completely decentralized, it will be maintained by a foundation led by a five-member council. These members have extensive experience in the cryptocurrency trading industry.

They will each serve a two-year term and are eligible to form sub-councils to focus on specific areas. It is important to note that MANTRA DAO is not yet battle-tested, so there isn't much data available to support its claims.

## Polkadot

Adding security, scalability, and interoperability to the blockchain is the mission of the Polkadot ecosystem. As part of its ecosystem, over 350 projects are available, ranging from smart contracts to decentralized finance to digital collectibles and gaming.

The DOT tokens that support the ecosystem are distributed among the DOT holders. The network also offers cross-chain functionality for facilitating transfers of any type.

The network's main blockchain, called the relay chain, has many parallel chains that can be used to transfer value.

The linking layer, or bridge, is designed to connect the various blockchains. It also allows for the integration of non-blockchain databases. These features make it possible for developers to operate across different blockchains. Manta Network is a leading project within the Polkadot ecosystem.


The Manta coin protocol explained

Fishing Town Token is a fully decentralised blockchain-based game that allows you to catch fish and trade them with other players using the native token, FishingTownGilToken (GIL).

Fishing Town Token is unique because it's one of the first games to use [Non-Fungible Tokens (NFTs)](/news/category/nft-news). These special tokens mean you have complete ownership over your JPEG.

## Fishing Town Token- new NFT game everyone's talking about

[Fishing Town](https://fishingtown.io/) is the new NFT game that's got everyone talking. In this game, you are a frisky child who aspires to become the "Grand Master Fisherman.”

Fishing Town Tokens are based on Binance Smart Chain(BSC), so check it out! The BSC enables users to deploy their dApps and digital tokens on a single blockchain. These features make the BSC  protocol ideal for the Fishing Town game.

In Fishing Town, you can catch virtual fish and trade them with other players on the EpicNPC marketplace. It's fun to connect with others and show off your fishing skills.

At first, you need to select a map, face the water, and catch fish with the help of your rod. Then, you need to drag the fish up. After this stage, you can reserve or sell the fish for a profit on the NPC marketplace.

Fishing Town Tokens are a great way to get started with collecting NFTs. It's easy to use and there are plenty of ways to win big!

The first phase of the game provides you with four locations on the map: Sokonashi Lake, Eien River, Rikedom the Sea, and the Mikoshi. In the game, you can buy and sell property, go fishing, and collect rewards from the local businesses. There are also exclusive Fishing Town items that you can only get by playing the game and not just buy with your tokens.

You'll need to use a virtual rod and reel to catch a fish.

Like in real life, you'll need to cast your line and wait for a bite. When you do, you'll need to reel the fish in as quickly as possible. The longer you take, the more likely the fish will escape.

If you're lucky, you'll catch a big one! But be careful because if you reel in too fast, you might break the line.

## Trading in Fishing Town

Here's the cool thing: you can trade your fish with other players for virtual fish or other items in the game. For example, you might find a fish you want to keep but don't have the space to keep it. No problem! You can trade it with another player for something that you need. Or, you could trade it in for a new fishing rod or GIL tokens to buy other items you desire in the game. It's up to you!

And if you're new to the world of NFTs, don't worry—Fishing Town Token is a great way to get started. The game is easy to learn, and there are plenty of opportunities to earn rewards and advance to higher levels. 

## Bottom line

If you're looking for a fun and exciting new way to get involved in the world of NFT gaming, Fishing Town is the game for you! With its early stage fishing gameplay and pixelated graphics, Fishing Town is sure to provide entertainment for players of all ages.




The renowned NFT game: Fishing Town Token

Polkadot (DOT) is the native cryptocurrency of the Polkadot Network, a blockchain network best described as the blockchain of blockchains. It is one of a few blockchains working to solve many of blockchain’s limitations, which include scalability and security.

## The Polkadot network

Launched in 2020, the Polkadot Network is a blockchain network designed to offer several services in the crypto space. Firstly, it is designed to allow unrelated blockchains to communicate with each other. 

Secondly, it features a tool called Substrate that simplifies the blockchain creation process. It makes it easy for developers to create blockchains. The network also hosts blockchains, handling their security and transactions, and bridges blockchains on it with other networks such as Ethereum and Bitcoin.

The Polkadot Network is a creation of Dr. Gavin Wood, [Ethereum](/news/article/ethereum-news-now) co-founder, responsible for developing Ethereum’s smart contract programming language Solidity. Parity Technologies is the firm behind the development of Polkadot Network.

## DOT token

Polkadot (DOT) is the altcoin or token that powers the Polkadot Network. It has several use cases. It can be used to pay for network fees, governance, and interoperability. Holders of the token can vote on network upgrades.

The DOT token can be bought on various crypto exchanges including Binance, KuCoin, Coinbase, and Huobi Global. Operating on a Proof-of-Stake blockchain network it can also be earned through crypto staking. There are currently 1,103,116,504 DOT coins in public circulation.

As per [Coinmarketcap](https://coinmarketcap.com/currencies/polkadot-new/), DOT tokens are currently the 10th largest cryptocurrencies in the world, with a live market cap of $8,917,146,890. Each DOT coin is worth $8.08.

DOT tokens can be stored in several crypto wallets, including Parity Signer, Fearless Wallet, Polkawallet, and SubWallet. The tokens can also be stored in hardware wallets like Ledger.

## Polkadot Price 

While the history of the Polkadot Network began in October 2016 with the publishing of its white paper, DOT tokens' history begins in October 2017 with its first ICO (Initial Coin Offering). At the time of the ICO, each Polkadot price UK was $0.29. 2.24 million DOT tokens were offered to the public.

In July 2020 the second DOT token ICO was held. The Polkadot price UK was $1.25. 342,080 Polkadot coins were sold at the time. By the end of 2020, each Polkadot price had appreciated to $9.29.

The tokens would begin 2021 trading at $9.29 and end the year each worth $26.72. While they started well in 2022, they haven't had the best performance in the crypto market. It is no wonder they are currently trading below $10.

Regardless of their current performance, a few crypto prediction platforms forecast good things for DOT tokens. Changelly predicts each Polkadot price might reach $12.34 by the end of 2022. CryptoNewsZ predicts the digital coins might be trading at $27 by the end of 2022.

## Bottom line

The Polkadot (DOT) coin might be a fairly new cryptocurrency when compared to other crypto coins, but it has quickly proven to be a great investment opportunity for many investors. The coin might be experiencing a bear run, but so are other cryptocurrencies.

Supported by a great crypto project that looks to decentralize the internet, many investors agree DOT tokens have a bright future ahead.



Polkadot blockchain and altcoin explained

What is Solana (SOL)? It is a protocol that enables the creation of blockchain applications with scalability. This means that developers can use it under their own brand to create applications. And due to its scalability, it can manage a large volume of transactions without any issues.

The Solana price is currently hovering around the 33.36 GBP level, this project is undergoing numerous exciting developments. SOL can be purchased at spot GBP price on any of the [major UK exchanges](/news/article/best-exchanges-for-crypto-uk).

This post will examine SOL in greater detail and explain whether you should consider investing in it!

## What is SOL?

It is a project that wants to [scale blockchain protocols](/news/article/solana-price-uk) so that they can handle real-world applications. The team behind Solana appears to have a lot of experience in both the traditional financial sector and technology.

So, SOL is a new cryptocurrency created to help make the technology more accessible and user-friendly. The Solana coin protocol allows developers to create and launch their blockchain-based applications on a white label basis. 

They can use SOL to power their applications without worrying about the underlying infrastructure. In addition, Solana can be used to pay for transaction fees and other costs associated with using the latest technology. 

## What are the use cases of SOL?

•	It can be used to produce and manage digital assets.

•	Developers can construct decentralized applications (dapps) using SOL.

•	On its platform, it can be used to pay for goods and services.

•	Participating in the platform's consensus mechanism enables users to earn interest in their SOL.

•	SOL can be traded for other cryptocurrencies or fiat money on exchanges.

In addition, SOL provides [many features and benefits](https://www.cryptonewsz.com/forecast/solana-price-prediction/) that make it an attractive option for developers looking to create and launch their decentralized applications.

## Bottom line

SOL is a scalable protocol that facilitates the creation of decentralized applications by programmers. The protocol employs a one-of-a-kind consensus mechanism to achieve high transaction throughput without compromising security.

Additionally, it features a native token, SOL, which can be used to pay network transaction fees. The protocol is open source and available for white label use by anyone.


The Solana blockchain & current price in GBP

Blockchain use cases grow as the technology enters new domains. The tokenised and reward-based system increases its applications and helps bring positive societal changes.

One such application of blockchain is move-to-earn. These applications encourage people to walk more and earn tokens as incentives.

Recently, [STEPN](https://www.stepn.com/) has risen in popularity among the move-to-earn apps. It is a Web3-based lifestyle app that includes GameFi as well as SocialFi. It is one of the notable use cases as it is built with the idea of promoting a healthy lifestyle.

## Tokenomics of STEPN App

Its tokenomics involves two tokens; Green Satoshi Token (GST) and Green Metaverse Token (GMT). You can earn GST through the games, whereas GMT is a governance token you can get through events or earn after crossing 30 levels. 

You also have non-fungible tokens (NFTs) as your sneakers. Initially, you have to purchase sneakers to start walking, jogging, or running with STEPN. They have different types and attributes that help with the game modes. Also, you can burn your GSTs to upgrade or mint sneakers.

## Mainstreaming STEPN in Japan

Recently, STEPN has been working to spread the use of the app in Japan. For this reason, it is looking to partner up with the LINE blockchain. LINE is one of the known Japanese tech corporations for decentralised application development. It has agreed to work with the fitness lifestyle app to bring it to the mainstream in Japan. 

Find Satoshi and LINE Xenesis have signed an MOU to introduce STEPN in the Japanese market. It is an already popular app in the country, and this agreement will further help promote it throughout Japan. 

The CEO and Representative Director of LINE Xenesis, Lim Inkyu, has shared his thoughts about this development. He believes the app is an ideal example of Web3 usage in the real world. He also mentioned that this collaboration might lead to more blockchain and Web3 use cases for the people of Japan.


Blockchain Use Cases: Move-to-Earn Apps

Cross-chain bridges have been the focus of many attacks this year. New data from blockchain analytics firm Elliptic claims that one of the cross-chain bridges, Renbridge, was [used in the laundering of more than $540 million](https://hub.elliptic.co/analysis/cross-chain-crime-more-than-half-a-billion-dollars-has-been-laundered-through-a-cross-chain-bridge/) in illegitimate crypto assets.

According to Wednesday's study, RenBridge, a crypto bridge, has assisted the laundering of at least $540 million in illegal profits since 2020 using a method known as chain hopping. This involves turning one type of cryptocurrency into another and transferring it across various blockchains.

Decentralised cross-chain bridges, according to Elliptic, give "an uncontrolled alternative to exchanges for moving currency between blockchains".

## Cross-chain Bridge Exploits

Cross-chain bridges, also known as blockchain bridges, are mainly utilised for lawful reasons, allowing users to exchange cryptocurrency effortlessly between blockchain networks.

Users often deposit tokens from one chain to the bridge protocol, which is locked into a contract, after which the user receives the equivalent of a parallel token in another chain.

Elliptic warns that these bridges have also been used to launder criminal earnings by ransomware gangs, exploiters, and hackers. It says RenBridge accounts for at least $540 million in laundered proceeds since 2020.

According to the firm, at least $2.4 million in crypto assets stolen during the Nomad attack on August 2 passed across the cross-chain bridge.

Elliptic also revealed that assets from decentralised finance (DeFi) services worth at least $267.2 million had been laundered through the cross-chain bridge in the past two years. It adds that a chunk of the $80 million stolen from the Liquid Global exchange last year, reportedly by North Korea, used RenBridge cross-chain platform.

So far, the Conti ransomware gang, which notoriously struck the Costa Rican government in June, has laundered more than $53 million using RenBridge.

RenBridge is also said to be popular with Russia-linked ransomware operations, with $153 million in ransomware being laundered through the site.

Tornado Cash, a decentralised mixer meant to disguise the sources of cryptocurrency, was [sanctioned earlier this week](/news/article/tornado-cash) by the United States Treasury department. The authority took similar action in May with the mixer Blender.io. The US Treasury noted suspected exploitation by North Korean cyber organisations in both instances.

Additional digital services, such as privacy and censorship avoidance, can be used for illegal and non-criminal objectives. However, DeFi is particularly vulnerable to theft and hacking, and finding chokepoints might benefit security experts and governments.


RenBridge Used to Launder $540M

Ethereum merge news is having an impact on the price of digital assets linked to the blockchain.

ETH-based digital asset funds have seen positive inflows for seven straight weeks as institutional investors pile in, according to the latest CoinShares report. There were $16.3 million inflows last week, bringing total inflows to $159 million over seven weeks.

Market sentiment for Ethereum-focused products is primarily due to "greater clarity" regarding the upcoming merge. It is scheduled for September 19, according to CoinShares Head of Research James Butterfill on Monday. A shift from proof-of-work to proof-of-stake in Ethereum's algorithm is credited with the change in investor sentiment.

Finally, Ethereum 2.0 Beacon Chain will be added to the mainnet in the merge, concluding an important transition from PoW to PoS. When Ethereum switches to a PoS consensus mechanism, it should become more secure and use less energy, which will, of course, help make it less harmful to the environment.

The Goerli and Prater testnet merge is also scheduled for this week, and it will be the final dress rehearsal before the mainnet merge takes place in less than six weeks.

## Traders are getting ready for the next round of trading

[Cryptocurrency analysts Glassnode have predicted](https://cointelegraph.com/news/institutions-flocking-to-ethereum-for-7-straight-weeks-as-merge-nears-report) that the anticipated Ethereum merge news will lead to "buy the rumor and sell the news" among traders. For Ethereum, "derivatives traders are placing obvious bets on the upcoming merge."

An analytics firm's newsletter, Betting on the Merge, ETH options and futures are now in "backwardation". That is a situation in which the current price of an asset is higher than the prices trading in the futures market.

When it comes to the Ethereum merge news, futures and options markets are in a backwardation after September, which suggests that traders are anticipating an event like this and have positioned themselves accordingly, the newsletter said. Data from Ethereum options shows professional traders are ready to go long on ETH's Merge, which is relevant.

However, [the merge's impact on Ether's price](/news/article/ethereum-merge) is yet to be determined.

In a recent interview, Ethereum founder Vitalik Buterin said the "narrative" is likely to remain positive after the merge, which is "an aspect that hasn't yet been priced in."

He added, "I expect morale to soar once the merger is completed. In other words, I believe the merger will not be priced in, and by that, I mean not just in terms of market value, but also in terms of psychological impact and narrative arc. After the fact, I don't think it's going to be factored into the narrative at all."

CoinGecko reports the price of Ethereum is $1,776 at the time of writing, up 8.6% in the last seven days.



Ethereum Merge News Just Around the Corner

Almost every particular business is obligated by contracts to collaborate with a lot of different organizations in order to deliver their goods and services, and a private blockchain is presented as something that can add more efficiency by automating these operations between different parties.

Back in 2008, the original [Bitcoin](/coins/btc) blockchain was created to act freely without intermediaries such as banks or central governments. However, this kind of technology can still work within the locked radius.

This means a private entity, usually the company, can implement its own blockchain and observe all the transactions added to the chain. This doesn’t mean the system isn’t secure, but it means that the project is based on the trust of decision-makers. 

There are numerous big suppliers of digital platforms based on the private type of block technologies, such as Ripple or R3’s Corda. These are called permissioned blockchains as they usually halt access to transaction data. 

Back in 2019, China started building a platform that seeks to boost the implementation of this kind of technology in companies. Dubbed the Blockchain-based Service Network (BSN), its product is focused on companies, especially their operating cloud computing infrastructure. 
However, outside of China, companies suddenly discovered that enterprise, or private chains were totally useless. In 2021 IBM decided to dismantle its blockchain team. Just few months later, Microsoft decided to ditch its service on its Azure cloud. 

Even though it was once seen as a great initiative in the health and medical sector, the U.S. Food and Drug Administration decided to not proceed with exploring blockchain use cases in its field.

According to technology market research company, Gartner “successful permissioned enterprise blockchain projects are scarce.”

Gartner commented that even though things such as DeFi, tokenization and digital payments can seem attractive, enterprise blockchain doesn’t work that way since its users “are stuck trying to align use cases to the technology.”

“The value of permissioned blockchain is hard to understand since it does not implement the most revolutionary aspect of public blockchains – i.e., trust minimization and elimination of central authority, achieved via decentralized consensus,” [Gartner wrote](https://blogs.gartner.com/avivah-litan/2021/05/24/microsoft-ends-azure-blockchain-service-where-is-enterprise-blockchain-heading/).

## What is a private permissioned blockchain?

Private permissioned blockchain means it operates within the closed framework — meaning it can be good for companies as it handles immense amounts of data and transactions that businesses normally process.

In a private permissioned blockchain, the whole network is shared by a consortium of companies. The network administrator is the one who configures roles and permissions for all nodes and users who act as participants within the consensus process.
 
## How does a private network work?

•	Not all network users have equal rights. The latter is the result of the position user has within the organization

•	Not every user has the granted permission and different data types are accessed only by those who have

•	Network participants set the rules for the access mechanism 

One of the most famous enterprise blockchains is Hyperledger Fabric. 

It provides strong reliability of the state itself and, at the same time, manages to do numerous transactions in only one second. 

## When should one consider private blockchain?

The main difference between private and public blockchain is that anyone can join the public one. Only authorized users can become members of a private one. 

Usually, startups like to accentuate the importance of the trustless concept within the public one that is fertile ground for innovations, and enterprises are more inclined to the usage of a private chain in order to create multi-party business applications that have high scalability and operate inside of a trusted environment.

## What is it more appropriate to use in a business enterprise environment?

For companies, private blockchains tend to be more efficient than public. Still, the problem is that these sometimes alternate speeds for decentralization. 

Still, private blockchain companies can earn profit by simply signing contract deals with other companies. They enter in arrangements with other firms in order to create this kind of infrastructure and, therefore, design and develop blockchain applications. They also provide services for some period of time by signing this contract.



How useful are private blockchains?

The [Ethereum Merge](https://ethereum.org/en/upgrades/merge/) is a highly anticipated event of 2022 in the crypto community. The event will mark the completion of the second phase of the Ethereum 2.0 upgrade. The Ethereum Mainnet will merge with the Beacon Chain, transitioning it from a Proof-of-work to a Proof-of-stake blockchain.

## The Beacon Chain

Launched on December 1st, 2020, the Beacon Chain is a proof of stake blockchain running parallel to the Ethereum blockchain. The chain is a consensus layer that handles a network of stakers. Since its creation, the Beacon chain has been put under various tests to test its reliability and capabilities.

The Ethereum Merge will see the Beacon Chain’s proof of stake consensus replace Ethereum’s proof of stake consensus. The Beacon Chain will become the prime blockchain on the Ethereum network.

## Impact of the Ethereum Merge

There are many reasons to be excited about the Ethereum Merge. The event is not just for crypto holders as its success will see Ethereum reduce its carbon footprint significantly.

The crypto space has for the longest time been under great criticism due to its negative impact on the environment, especially blockchains that use proof of work consensus mechanism.

Some of the benefits of the Ethereum Merge include Ethereum’s transition to proof of stake, better network security, and a possible increased user base.

## Benefits of the Merge

•	Transition to Proof of Stake consensus mechanism
Ethereum like Bitcoin has been using a Proof of Work consensus mechanism to verify transactions, add new blocks, and network security. The problem with proof of work is its high energy consumption rate. Its high energy consumption rate makes it harmful to the environment.

With proof of stake, Ethereum replaces miners with validators. The network no longer requires high energy-consuming hardware for security.
According to research done in 2021 by researchers at the Ethereum Foundation, Ethereum’s transition to proof of stake consensus can cut its energy use by at least 99.95%.

•	Better network security
The proof of stake consensus mechanism eliminates the need for expensive network security hardware. The consensus mechanism introduces staking, where any crypto holder can participate in securing a blockchain network.

Proof of stake makes it easy for anyone to help secure the Ethereum network. The more people participate in security the more robust the chain becomes. More people securing a network increase its decentralization. Proof-of-stake, therefore, also reduces centralization risks.

A plus for Proof of Stake is that it can also enable a network to become more censorship-resistant. Mining hardware tends to be easy to detect and shut down. However, the same cannot be said about computers running validator nodes.

•	Increased user base
There is a high possibility of more people and developers flocking to the Ethereum network after the Merge. High gas fees and slow transaction speeds have kept many people and developers away from the network. However, after the merge, the inefficiencies can become a thing of the past.

## Ethereum Merge Risks

•	Technical challenges
Critics of Ethereum believe the network is taking a huge gamble switching from Proof of Work to Proof of Stake while in operation. There could be many unforeseen bugs with the new blockchain, which puts at risk $183 billion worth of Ether in circulation. 

Solana is a good example of a Proof-of-Stake blockchain that has suffered several complete outages this year (2022).

Proof of stake is also seen as a fairly new consensus mechanism when compared to proof of work. Proof of work has been around for a while. It has been tried and tested and proven to be highly secure.

## Will the Merge affect Ether Prices?

Different investors predict a different outcome for [Ether prices](/news/article/ethereum-news-now) after the Ethereum Merge. Some investors predict a bull run for the digital coins while others predict a bear run.

Considering the current state of the crypto market and that Ether is down by 60% since the beginning of the year (2022), some investors believe once the merge unlocks locked Ether many holders will sell their coins, resulting in their price depreciation.

However, some investors believe Ether prices might go up after the Merge due to Ethereum’s transition to proof of stake. The proof of stake consensus mechanism will enable Ethereum to attract more users and developers.

## When will the Merge happen?

The Ethereum Merge is expected to happen in September this year (2022). Tim Beiko, an Ethereum developer and prominent figure in the Ethereum Foundation, put Sept 19th as the tentative date. The Merge timeline is, however, not final.

The Ethereum Merge date announcement saw Ether prices go up considerably to $1,600, which is a good sign for those who believe the Merge will positively affect Ether prices.

## Bottom line

The Ethereum Merge is a big deal in the crypto space. If it's a success then there are plenty of benefits to look forward to from the Ethereum network and a few risks worth considering.

Considering the Ethereum Merge is happening when the crypto industry is experiencing a downturn, there is a lot of uncertainty about how the market may react. Some investors predict a positive outcome while some are not so sure. Do your research.






The Ethereum Merge: What You Should Know

[DeCredit](https://www.decredit.io/#/) is pioneering the DeFi lending sector by laying the foundations of a decentralized credit-based lending model that enables users to secure loans without deposit capital as collateral.

We all agree that nowadays, decentralized lending can act as a powerful tool by giving ordinary people more control over their financial assets. 

Up to now, loans worth billions of dollars have been started and amortized by using smart contracts, enabling outstanding loan rates. Also, users were finally enabled to earn interest that was previously shared among intermediaries within the financial sector.

Some of the most favoured loaning platforms have been using over-collateralization as a way to secure a loan. All extra capital was raised in order for the platform to take out a smaller loan than the original deposit. This was, until recently, the only way to provide security to the lender in a decentralized manner. It basically meant that if the borrower does not meet all of his debts plus interest, the creditor can claim the original collateralized deposit. 

## DeCredit combines on-chain and off-chain credit assessments

DeCredit users are, therefore, enabled to receive off-chain credit ratings in order to secure loans. DeCredit uses so-called “credit authentication nodes” and “decentralized oracles” to offer various lending limits and interest rates to users. It utilizes the combination of on-chain and off-chain credit assessments that simplifies loan-securing since the client has control over his assets all the way. 

Through the original usage of the DeCredit scoring System (DSC), an encoded algorithm assesses the potential credit risk for a user and calculates an exact credit score that outlines the solvency of any individual user out there.

## Making Credit-Based Lending Global

A lot of people have already tried to secure a loan in a traditional way, such as banks and other creditors. The process itself is mundane, complicated and often extreme and makes securing a loan more and more challenging.  

Still, in spite of all the challenges, one going through it could find himself lucky as billions of people around the globe have no access to banking infrastructure whatsoever. 

DeCredit seems to be having the solution for the unbanked as well. By using the DeCredit platform, users don’t have to have a bank at all since securing the loan can be processed purely by being connected to the internet.

## What are Credit Oracles?

Dubbed decentralized credit oracles, they are customized to the needs of each client. Basically, these credit nodes enable blockchain users to perform credit analysis and transfer it to the smart contract, where the results can be accomplished. 

The main utility of Credit Oracles, is to enable blockchain platforms access to both on-chain and off-chain data sources.

## Over-collateralization issues

As already mentioned, most lending protocols use over-collateralization of loans, especially in cases where there is no effective credit rating scheme.

Here are some problems when it comes to over-collateralization:

• Disqualifies credible users from getting credit

If user cannot deliver collateral with a value that is above the borrowing amount, they can’t access a loan.

Usually, in TradeFi, clients who have high credit scores can easily get a loan because they have proven to be financially responsible, meaning they have a track record of paying their debts on time. 

By being implemented in the DeFi space, these innovations enlarge the system’s operations and increase adoption.

• Lacking liquidity

In TradeFi, liquidity is boosted through revenue-generating transactions. Users with good credit ratings get their loans, and in return, they pay back interest. However, when you deal with over-collateralized lending, this means the growth of liquidity is minimized.

## How DeCredit solve over-collateralization problems?

DeCredit basically feeds off-chain credit records to DeFi protocols and therefore minimizes the reliance on over-collateralization.

By using blockchain, DeCredit is bringing in a provable strategy.

Traditional institutions usually approve all off-chain credits given if they are approved and if the credit solvency of borrowers is verified.

Off-chain credit data comes here as an add-on to on-chain credit. This means that given the matching level of loan-to-lending ratio, and after credit scrutiny, the borrower gets encrypted funds, a low mortgage rate and all in the stable currency from the liquidity pool.



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