Uncovered Gems From Top Web3 Investors

The last few days have been all smiles for crypto holders. First, Bitcoin recorded an impressive price surge caused by the news that the SEC could approve a spot Bitcoin ETF.

For the first time in several months, crypto users are optimistic about investing again. But what are the best projects to invest in? Let’s discover more.

Discovering the Best Crypto Gems

The crypto market is saturated with thousands of tokens. And this can be confusing for new investors. However, there are several ways to discover your best gems:

  • Whales accumulation.
  • Web3 investors.

We’ve recently published an article showing you what whales are accumulating. But exploring tokens backed by prominent investors is another good way to get your gems. Web3 investors like Binance, Coinbase, and a16z are profit-oriented. This means they only invest in projects with good potential for success. 

1) Mind Network

Mind Network is a platform at the forefront of Web3 data security and privacy. The project raised $2.5 million in a funding round with participation from Binance Labs, Big Brain Holdings, and other investors.

Mind Network supports users with end-to-end encryption and provides them with complete control over their interactions, financial transactions, and personal data. The network ensures maximum security and access control within the decentralized space.

It achieves this by combining the principles of zero-trust security with zero-knowledge proofs and adaptive, fully homomorphic encryption techniques.

Mind Network has struck several strategic partnerships with leading names like Arweave, Chainlink, and Consensys. The project has also seen adoption from several DApps and protocols, insurance companies, and global banks.

2) Helio

Binance Labs invested $10 million in Helio Protocol in August. At the time, the funding was meant to support the protocol’s transition into a liquid staking platform. Helio is a decentralized, overcollateralized lending and liquid staking platform on the BNB chain.

The Helio Protocol operates a dual token model and mechanisms that support:

  • Instant conversions.
  • Asset collateralization.
  • Borrowing.
  • Yield farming and staking.

The platform’s native de-stablecoin HAY is over-collateralized by BNB. It is also redeemable for $1 worth of BNB. To borrow HAY, users have to interact with the Helio protocol and provide BNB in the form of collateral.

The emergence of liquid staking derivative finance (LSDfi) protocols brought liquid staking to the limelight. These protocols have seen huge growth in total value locked (TVL) in recent months. Helio has plans to expand to other chains, which will improve its potential.

3) Friend.Tech

Friend Tech is a decentralized social platform that has caught the interest of most Web3 VCs. In August, Friend Tech received funding from VC firm Paradigm to develop new tools for social interactions.

This platform is a decentralized platform offering creators a new way to monetize their content using tokenized attention. It uses a unique system of ‘Keys’ to enable creators to monetize their work and also provide users access to exclusive content.

Friend tech has the potential to change the content monetization space. And how blockchain and social media interact. Since launching in early August, this platform has enjoyed serious hype and attention.

In early October, the social app saw over 317,000 unique buyers, 314,000 unique subjects, and more than 11,000 ETH in revenue. These figures reflect Friend tech’s potential as a social app.

4) Zora

Zora is an NFT marketplace and layer 2 network. Blockchain creators often use the Zora marketplace to mint NFTs. The project later launched its own Layer 2 network to help creators and reduce costs.

It is important to note that the Zora network is decentralized and not operated by the Zora marketplace. Also, Zora is enabled by Ethereum and powered by the OP Stack.

The core advantage of using Zora is its focus on creators. And it has fast transactions. Zora also updated its revenue split model for NFTs minted on its platform. It plans to charge collectors a flat minting fee of 0.000777 ETH per NFT minted. This would serve as an extra incentive for users.

5) Opensea

Opeansea is a leading NFT marketplace. The project enables people to buy, sell, and trade their NFTs. At the peak of the NFT buzz, Opeansea controlled the largest part of the market share. Opensea is also one of the oldest NFT platforms and has historically featured some of the biggest NFTs, including photography, music, trading cards, and the arts.

Opeansea is the perfect spot for users new to the NFT space or those seeking a wide range of options.

6) Aztec Network.

Privacy has become a huge concern in Web 3. Aztec Network is one of the privacy-focused platforms solving this problem. Launched in February 2022, Aztec is a layer 2 solution on Ethereum.

Aztech uses the zk-SNARKs privacy algorithm to encrypt blockchain data. Platforms like Aztech have huge potential as more people lean towards privacy-focused platforms. Aztec provides both privacy and scalability for decentralized applications.

The gems listed in this article have varying potential. We advise you to research these gems. And only invest in those that align with your goals.

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 than 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. Copyright Altcoin Buzz Pte Ltd.


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