As the crypto market witnesses steady growth, The Sandbox (SAND) and Polygon (MATIC) have surged by 3%, while the much-anticipated Collateral Network (COLT) presale promises a jaw-dropping growth of 3500%.
How Far Can The Sandbox (SAND) Go?
The Sandbox (SAND) has recently gained attention while riding the artificial intelligence (AI) wave. One of The Sandbox (SAND) co-founders, Sebastian Borget, believes that AI will supercharge the growth of the metaverse.
Borget claims AI will ‘accelerate’ the metaverse, empowering creators and fostering an influx of original content.
The Sandbox (SAND) is a decentralized virtual world built on the Ethereum blockchain where users can create, own, and monetize gaming experiences.
The Sandbox (SAND) project, powered by its native token SAND, enables players to buy and sell virtual items in The Sandbox’s (SAND) decentralized, user-generated ecosystem. The Sandbox (SAND) aims to enhance content creation with AI integration, making it a thrilling development for the project.
Does Polygon (MATIC) Still Have Potential?
Polygon (MATIC) is a Layer 2 scaling solution for Ethereum designed to address network congestion and high gas fees.
Polygon (MATIC) has been making waves in the crypto sphere with the world’s first zero-knowledge Ethereum Virtual Machine (zkEVM). By leveraging the power of zero-knowledge (ZK) proofs, Polygon (MATIC)’s zkEVM significantly reduces gas fees and boosts transaction throughput.
Besides this innovative approach, Polygon (MATIC) has launched its latest development, the ZK Rollups, which effectively combines multiple off-chain transactions into a single on-chain transaction. This innovative solution will further enhance the scalability and efficiency of the Polygon (MATIC) network.
Collateral Network (COLT) Showing Bullish Signs
While The Sandbox (SAND) and Polygon (MATIC) have both experienced recent successes, Collateral Network (COLT) is about to shake up the market with a staggering 3500% growth prediction.
Collateral Network is a decentralized crowdlending platform that enables users to borrow crypto against real-world assets. Individuals can borrow against assets like gold, real estate, fine art, and rare collectibles. The platform uses a hybrid infrastructure model, combining the best of on-chain and off-chain assets.
The process starts when a borrower sends the physical asset to Collateral Network. The item is accurately valued with the help of artificial intelligence (AI). Once authenticated the asset is stored in a secure vault for the duration of the loan.
An NFT of the asset is then minted backed 1:1 by the physical asset. The NFT is fractionalized into smaller pieces, enabling multiple lenders to fund a single loan with smaller amounts of money by buying these fractions. In return, lenders receive a fixed rate of interest.
If a borrower defaults to return the loan, Collateral Network will auction the distressed item to COLT token only where the community has the opportunity to buy assets below the market value. The amount of money raised from the auction will be used to return the loans to lenders.
The native token of the Collateral Network, COLT, is currently available at $0.014. Early buyers have the unique opportunity to benefit from the huge upside potential in this project, that is showing early signs for exponential growth and going on to dominate the multi-billion dollar lending industry.
While The Sandbox (SAND) and Polygon (MATIC) show promising developments, Collateral Network is poised to disrupt the DeFi landscape with its advanced features and potential for astronomical growth.
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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