Ok, what I actually mean… projects that I love. BUT…if you’re new to the crypto space, this article is ~especially~ for you!
In the here and now, crypto is still something new to most people. So I pick out three of my favorite crypto projects and I am going to show you how crypto-based apps and tools work.
These projects have become my favorite because:
1. A great team behind the project and continues to innovate in the space: The team is technically enough to build and deliver the project; the team can communicate with the customers (describe the problem they’re solving, how the product works and etc); the team can find the right distribution channels; a good vibe in the team, supporting each other.
2. The product is incredibly easy to use.
3. The product offers some powerful perks, thanks to the blockchain technology. And it brings value to the people.
Maybe there are more “ingredients” that needed for building a successful crypto project, but these things, to me, matter the most. So whether you are still entirely confused about crypto and blockchain or consider yourself a tech-savvy but new to the crypto space, these projects are must-haves — and I think you will like them.
MetaMask: A tool that accesses to the decentralized world
MetaMask is a wallet that allows people to interact with the Ethereum network. It enables people to sign smart contracts, buy, store, send, and swap Ether (or ETH, a cryptocurrency built on top of the Ethereum blockchain), as well as ERC-20 (Ethereum-based) tokens. Simply put, MetaMask is the tool that you need to install on your browser or your phone before exploring the Ethereum blockchain world.
Decentralized apps are not designed for the non-tech-savvy people, but MetaMask is trying to make everything easy for you — the UI and UX are getting better and better. Check out their latest video here, it looks super cool!
Aave: A money maker protocol for decentralized finance
You want to make a better financial move, but personal loans sound too complicated, risky, and time-consuming. If that is you, you should choose Aave — an open-source and non-custodial protocol that helps you get a loan in a flash, borrow assets and earn interest on deposits with the help of blockchain. Here is just an example of how Aave’s flash loan works: You pay a small number of fees on Aave, the Aave protocol (based on the Ethereum blockchain) will “automatically” lend you millions of dollar-worth of tokens, within only one transaction. If you fail to return the loan in time, the blockchain will ensure the safety of the funds and the transaction will be reversed immediately.
The Aave team has been working on the project for three years, started out as a P2P marketplace for crypto lending and now they are bridging the gap between DeFi and FinTech.
OpenSea: Just like eBay but for crypto goods
Blockchain brings a new concept of ownership and provides transparency and protection. If you like shopping on eBay or Etsy, you are no stranger to OpenSea. On OpenSea marketplace, you can easily buy and sell crypto collectibles, crypto assets, tokenized digital art, game items, trading cards, and more, directly from each other. These items are NFTs (non-fungible tokens), meaning each one of them is unique. No other item of that type can be made which serves as a “proof-of-scarcity”.
With more and more assets, art, and even NBA and MLB sports cards (someone please tell GaryVee about this!) are moving “on-chain”, OpenSea will be people’s go-to online marketplace.
Also, one more project that you should definitely pay attention to — Freehold, a community that incentivizes crypto holders to actively participate in education and building activities. Freehold has a very interesting new concept, so in Freehold, each community builder (Freeholder) is just like a startup founder, you build, contribute, and bring value… to the community, then you will get the reward in a form of cryptocurrency. It is a new way to grow the community for sure, also, Freehold could be a new model to raise capital for founders.
I made a video to explain what is Freehold, check it out:
What’s your favorite? Let me know in the comment!