The partnership of the NEAR Foundation with Cosmose AI brings web3 and AI technology to retail by building a crypto payment system called Kai-Ching, while Collateral Network offers unique new possibilities and enters an untapped market by enabling anyone to lend and borrow regardless of borders.
Cosmose AI and NEAR Foundation go retail
AI is taking over the retail industry. Technology has become a big and essential part of the industry over the last few decades, and Artificial Intelligence and Web3 are the next steps in this evolutionary process that will transform customer experience, promising not to compromise privacy and security. The partnership of Cosmose AI with the NEAR Foundation is set to drive advancements.
Cosmose AI uses AI analytics to monitor in-store footfall and interact with consumers, and the collaboration with NEAR brings the development of a payment system that enables users to make purchases using cryptocurrency at reduced transaction fees for merchants and customers. The amount that NEAR invested in Cosmose AI remains undisclosed.
What is the KaiKai app?
The KaiKai app is the flagship product of Cosmose AI and is built using the NEAR BOS as its backbone to enhance brand discovery as well as customer engagement by offering a rewarding experience for users while enabling retailers to establish robust customer connections with no privacy concerns. Cosmose has partnerships with leading brands in the business such as LVMH, L’Oréal, and Estée Lauder.
The KaiKai app uses a native cryptocurrency called Kai-Ching, offering similar functionality as traditional retail rewards programs while using the NEAR blockchain for transactions in combination with a dedicated KaiKai crypto wallet. This is a step closer to mass adoption, and NEAR and Cosmose AI are set to lead the field.
Collateral Network challenges the lending industry
Collateral Network features a decentralized peer-to-peer lending platform where anyone can borrow cryptocurrencies against real-life assets. Built on Ethereum, Collateral Network uses smart contracts to issue fractionalized NFTs in a secure and automated process. All kinds of physical assets are usable, like real estate, art, cars, metals, or jewelry.
The attempt to equalize geographical access gives Collateral Network a first-mover advantage in an untapped market. By creating an attractive and easy-to-use decentralized marketplace available to everybody around the globe, Collateral Network ensures investors stay in control of their funds. Plus, ordinary people can become lenders, meaning they can enjoy earning a good rate of interest on their money and become their own mini bank.
Collateral Network also plans to bridge to multiple blockchain ecosystems to improve TPS and reduce gas fees while enabling loans across various networks. The COLT token powers the ecosystem, which provides a fixed income at low risk, and the blockchain technology ensures security and transparency on the network as all information is stored on-chain.
Collateral Network is now in presale and has already increased by 40% from the initial price of $0.01, set to gain up to 3500% according to experts.
Conclusion
Cosmose AI and NEAR are set to conquer e-commerce in a big way by putting their technologies together to create a seamless customer experience.
On the other hand, Collateral Network is on the way to revolutionizing the peer-to-peer lending industry permanently. Currently in stage 1 of presale, COLT is trading at $0.014 with 64.5 million of 120 million COLT sold and only 55.4 million tokens remaining until price increases to $0.0168.
Experts expect COLT to gain by 3500% in the presale period alone. After listing on major exchanges a possible 100x is on the table.
For more information on Collateral Network visit the website, join the presale or join the community for regular updates.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Presale: https://app.collateralnetwork.io/register
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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