Bitcoin has gone down in history as the best-performing asset of the past decade. But in truth, it’s only one of many digital assets that have seen immense growth over the past few years.
In fact, there are thousands of different digital assets out there, and new ones are being created all the time. With so many options available, it can be tough to know which ones are worth paying attention to. In this article, we’ll take a look at five hidden gems in the crypto world that you should get to know.
1. Next Earth (NXTT)
The metaverse entered public discourse in a massive way when Facebook announced its Meta rebrand, but Next Earth is building a fairer, decentralized, and more accessible alternative. Rather than being controlled by a single corporation, Next Earth is powered by the NXTT token, which gives holders a say in how the platform is governed.
Next Earth is becoming the go-to platform for buying, selling, and staking virtual land on a replica of Earth. The team donates 10% of the value of land sales to environmental initiatives, such as Amazon Watch, raising over $1 million so far. Proceeds are allocated through a DAO, or a decentralized autonomous organization. This governance model ensures that the community decides how the money is spent, rather than a single entity.
The platform also offers a launchpad for other metaverse projects, and is becoming a Platform-as-a-Service (PaaS) provider for the metaverse. In other words, Next Earth is becoming the infrastructure that will power the metaverse of the future.
2. Aragon Court (ANT)
Aragon Court is a decentralized court system that aims to provide a more efficient and fair way to resolve disputes. The platform uses predictive markets to provide accurate verdicts, and allows users to submit cases, act as jurors, or be arbiters.
The native ANT token is used for staking and curation on the platform. Aragon Court is designed to be fully decentralized, with no central authority required to resolve disputes. This means that decisions are made by the community, for the community.
3. Origin Protocol (OGN)
Origin Protocol is a decentralized marketplace protocol that enables buyers and sellers to connect and trade directly without the need for intermediaries. The protocol uses blockchain technology to ensure transparency and trustless transactions.
Origin Protocol is used by many marketplaces, such as for vacation rentals, freelance services, or even ridesharing.
4. Filecoin (FIL)
Filecoin is a decentralized file storage network that allows users to buy and sell storage space on a peer-to-peer basis. The native FIL token is used to power the network and incentivize users to provide storage space.
Filecoin is used for video streaming, cloud storage, data backups, and more. The Filecoin network is still in development, but has already raised over $250 million from some of the biggest names in the crypto world.
5. Algorand (ALGO)
Algorand is a decentralized public blockchain that aims to provide a more efficient and secure way to transact. The platform uses a unique consensus algorithm that is designed to be more scalable and secure than other blockchains.
Algorand is used by many businesses and organizations, including Microsoft, Deloitte, the World Bank, and the United Nations.
The native ALGO token is used to power the network and can be staked by users to help secure it. Algorand also offers a rewards program that allows users to earn interest on their tokens.
These are just a few of the hidden gems in the crypto world. With so many different projects out there, it can be tough to know which ones are worth paying attention to. However, these five coins are definitely worth keeping an eye on.
Photo by Michael Dziedzic on Unsplash