As web-based technology and blockchain accelerate rapidly, keeping up with the newest trends can be challenging. One of the most dominant recent trends is “Web3” – an amalgamation of blockchain, smart contract technology, and decentralized networks.
Recognizing the potential of this innovative new technology’s potential, we look at three leading Web3 cryptos – DigiToads, Gala, and Illuvium.
DigiToads (TOADS)
DigiToads is not just another meme coin that relies on temporary hype and market speculation. It offers real utility to its holders, especially those who love to play games and earn rewards.
DigiToads introduces in-game reward programs, where players can earn TOADS tokens by completing tasks, participating in tournaments, and achieving milestones.
Moreover, the platform organizes on-chain trading competitions where players can compete with each other to showcase their trading skills and win rewards.
The team behind DigiToads has announced that they are working on launching their own decentralized exchange (DEX), which will allow the community to trade TOADS tokens and other cryptocurrencies without intermediaries.
One of the essential factors in the world of cryptocurrency is trust. DigiToads understands this and has ensured investors’ confidence by having a doxxed team and an audited smart contract. The team behind DigiToads is transparent and has revealed their identities to the community.
This ensures that they are accountable for the platform’s development and progress. Additionally, the smart contract of DigiToads has been audited by top auditing firms, which guarantees that it is secure and free from any vulnerabilities.
These factors not only increase the trustworthiness of DigiToads but also make it a safer investment opportunity for individuals looking to invest in a long-term project with real potential.
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Gala Games
Gala Games is a new gaming platform where users can play video games in exchange for crypto and non-fungible tokens. As users participate in gaming contests and play games accessible via the Gala platform, they earn blockchain-based GALA tokens.
In contrast to traditional games centered on a single server, Gala Games is co-owned by its players and the holders of the GALA token. Anyone who has amassed enough GALA tokens can set up a node and contribute their computing and coding resources to the network. Node operators stake their GALA holdings to authenticate transactions and generate user activity.
Illuvium
Ethereum blockchain. Illuvium, sometimes called the first AAA game on Ethereum, aims to amuse casual players and die-hard lovers of the DeFi genre with various collecting and trading options.
Illuvials are creatures native to the land of Illuvium. They can be caught by players who prove victorious in battle and are cared for to restore their health. From then on, they are a devoted part of the player’s collection and can be utilized in auto battles against other adventurers in Illuvium.
Non-fungible tokens (NFTs) representing individual Illuvials allow free trading on gas-free IlluviDEX and other exchanges.
Final Takeaway
As the Web3 revolution continues to surge, it can be exciting to see what new opportunities these cryptos will bring. DigiToads, Gala, and Illuvium are three top contenders in the Web3 space and have the potential to convert traditional gaming into entertaining financial activity.
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The post With Web3 On The Rise, We Take A Look At 3 Top Web3 Cryptos: DigiToads, Gala, and Illuvium appeared first on CoinChapter.
