2omb Finance

Handshake is a decentralized permissionless system that is intended to incentivize a distributed network of computers to operate a system for domain name ownership.

Under Handshake, every peer is tasked with validating and managing the root DNS naming zone, with the objective of providing an alternative to current certificate authorities and naming systems.

Different participants across the internet such as social networking handles and domains rely on a centralized approach. This means the systems depend on a system of honesty — and are still prone to cyber attacks and fraud.

Handshake aims to eradicate this problem by creating a decentralized internet that relies on a peer-to-peer system.

Handshake

MultiVAC

Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for web3 and has positioned itself as an infrastructure developed for arbitrary cross-chain interactions.

As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., Avalanche), Layer 2 chains tied to Ethereum (like Polygon), Parachains networks like Moonbeam on Polkadot, and so on.

Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with Total Value Locked (TVL) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of Multichain CEO being uncontactable saw TVL dropping to $1.38B.

Multichain

While the concept behind Merit Circle is not entirely new, the project itself is a leading DAO with the goal to maximize value accrual across different games in the metaverse. Its platform is at the intersection of capital, expertise and players — representing investors, platform and managers — and of course,  gamers.

The returns that the project has the potential to make will be able to translate into potentially life-changing income for some of the gamers engaging with it. The players have recognized the value of the project and the scholarship program that was created for them, and there are already over 500 scholars currently playing Axie Infinity.

There are already significant revenues that are flowing into the Circle of Merit, which benefits the DAO itself, as well as players and liquidity providers. More are expected to come, especially since Merit Circle DAO will now start focusing on other opportunities in the metaverse through new games.

Furthermore, Merit Circle boasts an impressive list of partners, including DeFiance Capital, Spartan Group, Yield Guild Games and more. These and others are all industry-leading names, who have praised Merit Circle for building a scalable operational process that can effectively grow, onboard, and sustain new members. In fact, DeFiance Capital’s Arthur said that DeFiance believes that “Merit Circle will be among the top guilds that will be kingmakers in this land.”

All of the partners, plus a number of angel investors, supported the company during its seed round, helping it raise $4.5 million

Merit Circle

The VGX token serves as a cross-platform and cross-chain token focused on the gaming space. The goal of the VGX Foundation is to partner with projects and companies to integrate VGX in games and platforms, offering rewards and ownership for players regardless of the chain the game is built on.

VGX Token

Rally

PolySwarm

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

Clover Finance (CLV), or simply Clover, is a blockchain operating system. It provides a one-stop, easy‑to‑use blockchain infrastructure and an ethereum virtual machine (EVM) compatible framework for Substrate‑based applications.

Clover Finance, another offspring of the Substrate-based Polkadot parachain aims at bridging the compatibility gap when building and operating across blockchains.

The project was founded in May 2020 and the mainnet of Clover Finance launched in July 2021.

Aergo describes itself as an open-source enterprise blockchain platform optimized for hybrid deployments, which consist of both permissioned and permissionless blockchain architectures. It includes support for SQL allowing for easy data handling and familiar smart contract programming for developers.

The platform is built and utilized by Blocko, the Samsung-backed South Korean blockchain technology company that, according to Korean media sources, has deployed production blockchain solutions for large-scale clients including Lotte Card, Shinhan Bank, Korea Exchange, Hyundai Motors, and more.

Aergo

Secret Network is a layer-1 blockchain built on Cosmos which uses TEE technology to ensure all input, output, and state are encrypted by default. This hardware approach is the fastest and most efficient form of confidential computing. Its smart contracts are called Secret Contracts and allow decentralized applications to use private data on Secret, similar to how smart contracts operate on other blockchains. However, Secret Contracts are private by default.

Additionally, Secret Network has launched the Secret AI SDK which uses TEE-enabled GPU hardware, integrated with the L1 blockchain, unlocking privacy-preserving decentraized AI. Secret AI allows for end-to-end encrypted LLM models and AI agents, unlocking private chatbots, DeFAI agents, proprietary AI business models, and more.

Through interoperability via Cosmos Inter Blockchain Communications standard and further integrations of Secret’s Confidential Computing Layer, it unlocks privacy-preserving smart contracts for public blockchains including Ethereum, major EVM networks, and Solana. Making Secret Network the confidential computing hub of web3 and AI.

Secret

Humaniq

Efinity is a cross-chain NFT platform developed by Enjin and built on Polkadot. Efinity was created as the next generation blockchain for digital assets with the aim of adapting to the challenges of the world of non-fungible tokens (NFTs), according to the project.

The main specialization of the Efinity project is the NFT space. With the protocol, traders and gamers can create, distribute, transfer, sell and buy NFTs. Efinity aims to remove barriers to entry into the NFT space/decentralized gaming, and to simplify user experience and digital asset governance.

Efinity Token powers the entire Efinity ecosystem, EFI aims to prioritize the generation, transfer and purchase of tokens using an inter-chain infrastructure of protocols resulting in lower transaction fees. As for incentives, rewards on PoW blockchains with NFT functionality go to miners who create/trade tokens, thereby forming a community.

One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.

In December 2021, the project won the Polkadot parachain auction, and in March 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain — a blockchain platform that provides a decentralized parachain network where people havecontrol over their data and identity.

Efinity Token

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

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

WEMIX3.0 mainnet is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of web 3.0 platforms. The mainnet is a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus mechanism. The mainnet claims to offer the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high transaction per second (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.

WEMIX

Aleph Cloud is an open-source, crosschain network that provides decentralized databases, including database storage, computing resources, AI and a decentralized identity (DID) framework. The core mission of Aleph Cloud is to help decentralized applications and protocols eliminate centralized components from their stack, enabling a fully decentralized architecture. You can think of Aleph Cloud as a decentralized alternative to AWS or Firebase. It is particularly focused on supercharging the DeFi ecosystem.

Aleph Cloud

CEEK VR (CEEK) is a metaverse platform that connects creators with their fans in virtual worlds, allowing artists to gain attention, reach audiences around the world. CEEK is an AI based platform for virtual landowners and ceek users (ceekers) to build worlds.

Artists get new sources of income, and advertisers get the opportunity to identify user traffic and establish financial transparency by using CEEK VR. Access to the CEEK VR metaverse can be obtained on the official website, as well as via VR headsets: Oculus, HTC Vive and CEEK mobile VR headset.

The manufacturer of virtual reality headsets CEEK VR and headphones CEEK 4D is positioned by the team as "an award-winning developer of premium social virtual and augmented reality experiences." CEEK VR designs are proprietary and can be purchased through major retailers like Best Buy and Target.

The company's mission is to create a clear and easy-to-use decentralized VR entertainment metaverse, where music artists, athletes and event creators acquire the necessary tools to digitally monetize creativity.

CEEK VR allows users to attend live concerts and exclusive events along with their friends, from anywhere in the world, at any convenient time. Moreover, the company suggests that users will be able to participate in the platform's virtual events.

The virtual community has been formed since 2016 and CEEK is currently partnering with Universal Music, Meta Oculus, Apple and Microsoft, T-Mobile and Baptist Health, which allows the project to accelerate audience growth and get strong recommendations. The collaboration with Universal Music gives the CEEK VR platform the rights to use live performances with world-famous artists such as Lady Gaga, Ziggy Marley, Demi Lovato, U2, Sting, Bon Jovi, etc.

CEEK VR

Frax is the scarce commodity asset of the Fraxtal blockchain. It is the native gas token of the Fraxtal blockchain (North Star hardfork) and used to provide security to the network to run validators of the blockchain (upgraded in a future hardfork). Frax has a set, fixed emission schedule that cannot be changed. Thus, Frax is the only native monetary unit of the Fraxtal blockchain and Frax ecosystem.

Frax is not a governance token. It is a Commodity Asset used as base money on Fraxtal. It is entirely issued natively on the Fraxtal L1 blockchain with no provenance on Ethereum or other blockchains (although wrapped bridged versions are available). While users and projects can build protocols that can use Frax as a staking and governance token, Frax itself is not a governance token. It is the sole asset of the Fraxtal blockchain.

Frax Finance’s DeFi stack uses Frax as a restakable asset that provides cryptoeconomic security and governance voting rights to manage certain parameters of various Frax Finance DeFi protocols (such as veFRAX). These contracts are built on top of the Frax asset and not the underlying utility of the Frax asset. This is similar to a project using restaked ETH as its governance rights token. The restaked ETH token provides voting rights, utility, and cryptoeconomic security to the protocol, but the underlying protocol does not have ETH minting rights nor control of the ETH asset. The protocol using restaked ETH cannot stabilize asset pegs or change the ETH supply as part of its protocol function. This is the same relationship between the Frax ($FRAX) asset and the DeFi protocols using Frax as cryptoeconomic security including Frax Finance’s DeFi protocols.

Commodity-like Properties
Store of Value
Holding the asset is a store of value equal to all holders similar to BTC rather than being faced with dilution if not staked.

Frax Burn Engine (FBE)
The FBE burns a portion of Frax tokens permanently as a consumptive commodity within the Frax ecosystem. Current burn sources include: Contracts sending Frax to the FBE:

FNS Registrar
Fraxtal EIP1559 Base Fee
More contracts will be added as infrastructure is built in the Frax ecosystem. Projects that wish to contribute to the FBE can add their contract to the FBE infrastructure list by submitting a pull request.

Tail Emission
FRAX’s supply follows a tail emission schedule designed for sustainable growth. The token has an annual inflation of 8% initially (FIP-428), which decreases by 1% each year until reaching a floor of 3% after 6 years. These controlled emissions are allocated to various purposes (such community initiatives, Fraxtal ecosystem growth, team expansion, and the DAO treasury) to continuously fund the ecosystem while gradually reducing inflation over time.

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