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NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java.

NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram.

In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content.

IOST operates as a multichain infrastructure specialized in Real World Asset (RWA) tokenization and Web3 payment solutions. Built on seven years of blockchain development with over 930 million processed transactions, IOST now bridges traditional finance with decentralized systems across multiple blockchain networks.

IOST

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

Astar is a collective driving web3 adoption originating from Japan, seamlessly bridging Astar Network and Soneium ecosystems. Soneium, an advanced Layer 2 solution developed by Sony Block Solutions Labs, creates new opportunities for Astar's growth by enabling mainstream Web3.0 adoption through consumer-friendly applications, payment solutions, and decentralized finance. The ASTR token serves as the unifying asset across this collective, powering innovation within Soneium and strengthening its ties to the core functionalities of Astar Network.

Astar Network operates as the governance & staking layer, providing a secure and scalable multi-VM environment, while Soneium acts as the adoption layer, leveraging Ethereum's OP Stack for high-speed, low-cost transactions tailored to entertainment and consumer applications. The two ecosystems are seamlessly interconnected through the ASTR token, which facilitates interoperability via multiple interoperable solutions. By combining the strengths of Astar Network and Soneium, Astar collective is pioneering a vision of interoperability and accessibility, empowering developers and users alike to unlock Web3.0’s full potential and bring blockchain technology to billions worldwide.

The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.

Astar

Qtum is a decentralized blockchain network that supports smart contracts using the Ethereum Virtual Machine. The blockchain itself is based on Bitcoin’s UTXO model, but uses proof-of-stake for consensus. Because Qtum is a hybrid project that takes the best parts of Ethereum and Bitcoin, it also has the ability to merge future updates from these projects and place them on top of the Team’s own unique developments.

Qtum is truly decentralized, there’s no “delegated” proof of stake, or other forms of masternodes required to make it appear fast. Anyone can participate in the transaction validation process, all they require is an internet connection and a device that can run a node. There’s no need to hold coins or vote for a centralized validator. Block targets are set to average 32 seconds, and up to 8000kb of data can be stored in each block. Bundled with SegWit, it’s possible to achieve 1100 transactions per second. Because Qtum is based on Bitcoin, if necessary, a Layer2 network can push this throughput to “millions or billions” of transactions per second with Lightning.

The Qtum project supports multiple token standards, including its own implementation of Ethereum’s ERC-20, dubbed QRC-20. Qtum also integrated the BRC-20 standard that appeared on Bitcoin, dubbing it qBRC-20. Along with NFT support, Qtum offers developers more than Bitcoin or Ethereum can do independently.

To learn more about this project, check out our deep dive of Qtum.

Qtum

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

OMG Network

Lisk is an Ethereum Layer 2 blockchain built on the Optimism Superchain and designed to support founders in high-growth markets who are launching real-world applications.

Lisk goes beyond providing infrastructure; it is a full-stack growth platform that offers access to funding, strategic support and integrated resources through its chain, DAO and founder-focused initiatives.

Since its launch in 2016, Lisk has remained committed to expanding access to blockchain technology. Today, it combines Ethereum’s security with low fees, fast execution and a sharp focus on practical use cases, empowering founders to build products in markets where blockchain addresses genuine issues.

Through its focus on accessibility and founder success, Lisk is shaping the next wave of Web3 adoption in regions driving real-world innovation.

Lisk

JUST is a popular new decentralized finance (DeFi) ecosystem built for the TRON blockchain. It is an entire suite of products that are mostly centered around a decentralized stablecoin lending platform known as JustStable.

The platform launched in August 2020 following an initial exchange offering (IEO) on the Poloniex LaunchBase platform earlier that same year, but the native governance token of the platform (JST) has been circulating since May 2020.

It is a two-token ecosystem built around the USDJ and JUST (JST) tokens. USDJ is a multi-collateral stablecoin that has its value pegged to the value of the US dollar (USD), whereas JST has a variety of functions on the platform — paying interest, helping maintain the platform and participating in its governance, helping to set parameters like interest rates (stability fees) and the minimum collateralization ratio.

To obtain USDJ on JUST, traders need to deposit collateral in the form of supported collateral tokens — including TRON (TRX), which are exchanged to PTRX tokens and locked as collateral forming a collateralized debt position (CDP). Depending on the amount of collateral deposited, users can then mint and withdraw USDJ, which must later be repaid to retrieve the initial collateral.

The platform is designed to provide a fair and borderless hub of DeFi products, that any TRON user can access.

JUST

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Ardor

Orbs is a publicblockchain infrastructure that combines scalability, low fees, performance, security, and ease of use.

The platform is designed for mass-use applications and supports a complete blockchain stack. The Orbs platform is a decentralized, open and transparent network that offers practical blockchain solutions for enterprises and other large-scale consumer applications.

The Orbs protocol uses the ORBS token, which calculates commissions for executed applications and provides an incentive system that is used to select validators, thereby ensuring the integrity of the network. The ORBS token serves as the only means of payment on the Orbs platform.

Orbs was established in 2017 and was developed by experienced engineers, businessmen and scientists who have managed to create an infrastructure that uses blockchain virtualization and randomized proof-of-stake (RPoS) to ensure blockchainscalability.

Orbs

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Siacoin

Ontology Gas

Status is categorized as a mobile and desktop operating system and decentralized browser that incorporates a messaging system. As such, Status allows you to interact with a network at any time, from anywhere. It was originally released in June in 2017.

It is a light client Ethereum node, and has the ability to give you access to all Ethereum decentralized applications (otherwise known as DApps) from an app that is installed on your mobile phone or tablet. This means that users can send encrypted messages as well as access decentralized applications, including a cryptocurrency wallet.

Status

BitDAO is a decentralized autonomous organization that wants to level the playing field for every person in the world by building a decentralized token economy. This protocol is one of the world’s newest and largest decentralized autonomous organizations focused on DeFi, and is managed by holders of BIT tokens.

One of the initiative's primary aims is to attract developer talent via token swaps and co-development efforts. The token swaps will enable the BitDAO treasury to accumulate a collection of the top crypto project tokens.

BitDAO's vision is open finance and a decentralized tokenized economy. BitDAO hopes to support a broad range of projects including DeFi, DAOs, NFTs and gaming. Support will be in the form of research and development, liquidity bootstrapping and funding.

BitDAO

Enjin Coin

Launched in 2017, Dent is a revolutionary digital mobile operator offering eSIM cards, mobile data plans, call minutes top-ups and a roaming-free experience. According to the company website, Dent employs blockchain technology’s powers to create a global marketplace for mobile data liberalization.

Dent has an ambitious roadmap ahead, with plans to expand its services to new markets by the end of 2021. The company has already attracted more than twenty-five million mobile device users, and Dent services are available in more than 140 countries. Enterprise partnerships for Dent include Samsung Blockchain, The Enterprise Ethereum Alliance and Telecom Infra.

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