Ethereum continues to thrive. With the Merge drawing closer, soon all the data held on the Ethereum mainnet will be transferred to the Beacon Chain, and Ethereum will change its consensus mechanism from PoW (Proof of Work) to PoS (Proof of Stake). Perhaps six months later, Sharding will be implemented, and the old cumbersome Ethereum network will become a thing of the past. A new era of scalability looms on the horizon.
Ethereum-based protocols are set to enjoy a period of prosperity and growth, with Uniglo (GLO), Decentraland (MANA), and Axie Infinity (AXS) selected to outperform the rest.
Uniglo (GLO)
Uniglo is a new form of currency that will be community-owned and value-backed. GLO’s tokenomics include buy and sell taxes which are used to facilitate two of the protocol’s central mechanics: asset acquisition & token burn.
The Uniglo Vault houses a blend of tangible and digital assets to give GLO an intrinsic floor price, and the Vault will be actively managed with high-performing assets sold and profits reinvested. Holding trusted stores of value such as gold and BTC, stablecoins to hedge against volatility, and rare items such as fine art, the Uniglo Vault is a community-governed diversified portfolio. Uniglo also introduces a revolutionary Ultra Burn Mechanic, which sees a portion of every transaction automatically sent to a burn wallet, making this token hyper-deflationary.
Decentraland (MANA)
Decentraland, built on the Ethereum blockchain, allows investors to purchase land in the metaverse. MANA is the medium of exchange used to buy land which can then be developed, and this real estate brokering platform has already sold millions in virtual real estate.
The Metaverse is already and will continue to be one of the critical areas of growth within DeFi and TradFi. Decentraland is already an established player, and when more aspects of daily life become virtual, this is a protocol that will see huge profits.
Axie Infinity (AXS)
Axie Infinity is an NFT-based game based loosely on Pokemon, where players trade and battle digital pets known as Axies. Axie Infinity is what is known as a play-to-earn game, and players/ investors earn tokens whilst playing, which can be exchanged for cryptocurrency.
Axie Infinity played a massive role in popularising the play-to-earn model, which has become a standard within blockchain-based games. This protocol draws the most users and is the number one gaming DApp within the Ethereum ecosystem. Blockchain gaming is another key growth area, and Axie Infinity is way ahead of the rest.
Ethereum (ETH)
Ethereum launched in 2015 and in just seven years, has become a giant that dominates the digital asset space, introducing smart contract capability; the Ethereum network and its developers birthed the entire decentralised finance space.
ETH has been trading aggressively in the run up to its Merge event. The Merge will become a key historic moment in cryptocurrency history and could be the required spark for the next bull run. ETH should feature in every crypto investor’s portfolio, and this blue-chip project is an excellent long-term hold.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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