4 Innovative Crypto Projects To Look Out For In 2022

Cryptocurrencies have become a prominent trend in the bigger global financial markets landscape, with a market worth of about USD 2 trillion and over 13,000 digital assets.

Unlike in the early days of Bitcoin, when retail investors controlled the market, institutional investors such as Microstrategy and Tesla have been interested.

Based on previous data, it’s easy to see why more people are getting involved in the crypto industry. For instance, for the past decade, this market has outperformed traditional markets.

Following the growth of decentralized finance and non-fungible coins, this year appears to be even more profitable (NFTs).

So, how might potential investors find suitable enterprises to invest in? Before distributing funds, like with traditional financial ventures, thorough due diligence is required.

The team behind a project, tokenomics, security, and the value proposition are all things to think about.

With the market steadily reviving, the next half of this article will focus on three essential projects that are expected to do well in April. 

Let’s take a closer look at four innovative crypto & blockchain-based projects to look out for in 2022.

T3rn

t3rn is a smart contract hosting platform that provides a novel solution for smart contract execution and interoperability with built-in fail-safe methods. This helps to ensure effective multi-chain execution of smart contracts at all times.

Anyone can utilize the smart contracts in the t3rn registry, and developers who submit smart contracts to the open-source repository can opt to get paid whenever their code is run.

This is a new way of thinking about open-source development, one that pays developers properly.

The platform works as a smart contract hub that facilitates cross-chain execution and proposes a simple and accessible approach for smart contract interoperability on any platform. 

As a result, some of the most prominent users of the t3rn protocol will be projects searching for a simple approach to accomplish interoperability, such as legacy projects that may not be suitable for alternative interoperability solutions given by other projects. 

The t3rn protocol focuses on the fail-safe component of cross-chain execution, in which an operation completes in all connected blockchains or rolls back all transactions (side effects).

Serenity Shield

Serenity Shield is a platform that allows users to protect their digital assets from being lost due to human error, a lost wallet seed, personal tragedy, or death.

Serenity Shield enables users to claim complete ownership and control over their digital assets, as well as providing a one-of-a-kind solution that adds an extra degree of security.

Serenity Shield, which is based on blockchain technology, takes use of the immutable security of smart contracts, as well as a professionally built, user-facing frontend Decentralized App (DApp).

Users’ sensitive data will be held in a virtual safe called a ‘StrongBox,’ which will be owned solely by the user and preserved under the strictest of conditions.

Users log in using Decentralized Identity (DID) technology, and the ‘StrongBox’ function is activated using non-fungible token (NFT) Keys.

The end-user will be able to set, save, and remember their unique crypto login credentials in one secure location using this method.

Users can name receivers or beneficiaries for their transferable Heritage plan. They can also ensure the security of the seed phrase and digital key on the blockchain.

Ignite Tournaments

Ignite Tournaments is a play-to-earn tournament infrastructure company that is developing the world’s first play-to-earn esports tournament organization and broadcasting software for mobile games, with rewards in crypto and NFTs.

Users may create a tournament, stake their entrance money, farm production, and compete for NFTs using the mobile app, which is available for both iOS and Android. An online version of the programme is also being developed by the team.

Users can use Ignite Tournaments to host tournaments, pay for tournament entry fees using $TENKA, the platform’s utility and governance token, and compete for both NFTs created by Ignite Tournaments and sponsored EMV-compatible NFTs and tokens, according to the platform’s play-to-earn paradigm.

The entrance fees will then be staked on chain in a prize pool created exclusively for that tournament, which will serve as an escrow and mini yield farming pool with a lock-up period that begins when a user enters the game and ends when the event is completed.

Oraichain

Oraichain is a blockchain and data oracle platform that focuses on the aggregation and integration of smart contracts and artificial intelligence APIs.

The platform also serves as a link between AI and smart contracts, using a foundational technology similar to Tellor or DIA for delivering data streams to trustless applications. 

Oraichain, on the other hand, is focusing on AI models and takes a more specific approach. To create AI models natively on-chain, smart contract languages like Solidity and Vyper are currently far too limiting. Because code is the law, they frequently demand 100 percent accurate inputs.

On a public blockchain, Oraichain utilizes a delegated proof of stake (dPoS) consensus method. As a consequence, transaction times are cut in half, and data requests are processed faster. ORAI is the platform’s native coin, and it’s used to cover network transaction fees including data requests and validator setup.

Oraichain is distinct in that the AI models it supplies are routinely reviewed for quality. Test cases will be included when you submit a data request.

As a result, the AI supplier must pass these test cases before being paid to source the data request. The idea is that test cases will drive providers to enhance the correctness of their AI models on a continuous basis.

Conclusion

While the crypto market is full of surprises, one thing is certain: fundamental initiatives stand a good chance of attracting both active users and market capitalization.

The projects discussed in this article are examples of potential inventions that are expected to grow in popularity in the next months.

However, given the volatility of cryptocurrency markets, it is advisable to conduct adequate due research and invest prudently in order to protect one’s wealth.

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