It’s during times like these that small businesses require capital that is often hard to come by. Enter Everest Business Funding, an alternative funding firm that has been helping small and large businesses with the capital they need to sustain and grow their operations.

The firm provides working capital to businesses in every sector, specializing in revenue-based financing that allows businesses to access the capital they need with little to no hassle based on future projected revenues.

Everest Business Funding Stays True to Its Motto

When Everest Business Funding was launched back in 2013, it coined the motto “Let’s Power the World of Revenue Based Financing Together.” Nine years later, the company still holds true to that motto, despite major changes in the financial services industry, the needs of business owners, and the entire world around them.

Every part of the Everest Business Funding motto truly does encompass everything the company stands for.

Money indeed does “power the world.” Yet, business owners often have trouble accessing the funding they need to operate. That’s why Everest Business Funding approves so many businesses, no matter what industry and what size.

Their easy application process is hassle-free, with funding ranging from $2,600 and up, and capital can be accessed within as little as 24 hours.

But, perhaps the most pertinent two words of the motto that has made Everest Business Funding so successful are “let’s” and “together.” The firm treats everyone like a partner rather than a customer, taking the time to learn and understand the needs of their business.

It’s through this teamwork, compassion, and understanding that Everest Business Funding is able to separate itself from the competition in the marketplace.

Accessing Capital Is No Easy Task

Businesses need access to capital if they are to succeed over the long haul. Only 20% of all small businesses survive past the first year of operation, according to the U.S. Bureau of Labor Statistics. Half of those that do survive fail by year five and only one-third remain in business beyond 10 years.

While there are many contributing factors to this high level of failure, the top reason is a lack of access to capital. CB Insights reported that 38% of small business owners said that their startup failed because they either ran out of money or weren’t able to raise new capital.

Accessing capital isn’t quite so simple for the owners of small businesses, which make up almost 99% of all companies in the United States. Forbes reported recently that large financial institutions approve less than 15% of applications from small businesses. Credit unions had an approval rating of about 20.5% at the end of 2021, while alternative financial institutions had the highest level of approval — around 24.5%.

For these reasons, Everest Business Funding has been able to carve out a successful niche in the marketplace. While most organizations are issuing blanket “no’s” to their small business applicants, Everest Business Funding is taking a different approach — partnering with them and saying “yes” overwhelmingly more than they’re saying “no.”

Affording Outside Funding is a Challenge, Too

Those small business owners who are lucky enough to be approved for funding may have a tough time affording the payments. After all, the amount of financing they received — and the repayment details and schedule — are based on what they need and can afford at the time they applied for the funding.

While traditional financial institutions make decisions on their small business funding based on future projections, the repayment schedule isn’t tied to anything concrete, and they aren’t flexible, either.

That may be fine when business is booming, but what happens when times get rough? Small business owners have no options other than to try to renegotiate repayments with their creditor, which is often an exercise in futility.

This is a very pertinent point to talk about today, as sky-high inflation continues to wreak havoc on small businesses across the country. In fact, the National Federation of Independent Business reported over the summer that inflation is the most significant problem small businesses face.

According to their survey, 56% of small business owners said inflation had a substantial impact on their bottom line.

How Everest Business Funding Allows Businesses to Grow

By contrast, Everest Business Funding takes a completely different approach, what is known as revenue-based financing. This type of funding allows business owners to access the capital they need for any number of purposes.

Unlike traditional business funding, revenue-based financing revolves around the future cash flow of the business. Through these transactions, Everest Business Funding essentially purchases a set sum of the small business’ future receipts at a purchase price the two sides agree on.

Instead of repaying the capital through a set repayment plan, the small business is instead only remitting a percentage of its future revenue. This provides them the flexibility they need when they require capital.

The revenue-based financing model Everest Business Funding uses is truly a partnership, rather than a credit-debtor relationship. If the business succeeds, then so, too, does Everest Business Funding — since their income is determined by the business’ future receipts.

One of the biggest challenges that companies face is accessing available capital without much notice. There are times when a company may need capital in a hurry, such as to pay for a big project, take advantage of an investment opportunity or purchase, repair and/or replace essential equipment.

If businesses don’t have the cash on hand to pay for this, they are forced to search for outside funding. Many times, unfortunately, that funding isn’t available through traditional means.

Everest Business Funding’s revenue-based financing serves a very important role for many businesses that find themselves in this situation. It gives them capital they need, when they need it, without hampering the rest of their operation.

In essence, the revenue-based financing model employed by Everest Business Funding is what has helped it lead the way in the alternative financing market. Combined with the fact that the firm is focused on being a partner with its clients instead of just treating them as a customer, Everest Business Funding is providing access to capital in a unique way that simply works for other businesses.

Umay is Asia’s first decentralised ecosystem including venture capital (VC) and independent digital organization (IDO) platforms. It’s built on the BSC blockchain and connects to other networks via a cross-chain bridge.

Indeed, it’s an excellent option for emerging crypto firms, assisting them in the creation of a blockchain-based ecosystem. Customers may use the initiative to grow their community and attract new investors.

The mission and objectives of UMAY

Their overarching objective is to give users a one-of-a-kind experience when securing crypto investment. The team behind the project gives companies a fantastic opportunity to advertise their products, generate funding, and make their businesses a household name. 

The unique value proposition of the UMAY network:

1. Extensive market research and project evaluation;
2. Qualified and experienced professionals;
3. Multi-level system (guaranteed distribution for lower tiers);
4. No KYC Know for the end-users;
5. Multi-tier structure allows for a wide variety of investment options;
6. Ability to effortlessly invest in the most well-known businesses;
7. Effective way to acquire donations;
8. IDO and venture capital specialists;
9. Market leader in Central Asia’s OTC exchange sector;
10. Access to the NFT market;
11. Convenient crypto lending protocol;
12. Large and loyal community in Asia and Europe.

As you can see, UMAY has lots of great benefits for its clients. Let’s take a closer look at some of them.

The UMAY Venture Fund

The UMAY Consortium invests in the most promising businesses on the market, conducting thorough and state-of-the-art due diligence. It has a $1M investment fund, and the iDos Games was the first project to receive UMAY’s venture funding in the amount of $100,000. As the ecosystem grows, UMAY’s community will be able to participate in a growing number of initiatives at an early stage. Projects on the UMAY Launchpad will be available at first, but third-party launchpads will be added later.

The UMAY Launchpad

Users may take advantage of UMAY tokens to engage in IDOs, invest in high-potential crypto and DeFi firms, and take advantage of an incredibly low barrier for guaranteed allocations on the UMAY Launchpad multichain platform.

Only after a comprehensive study based on hundreds of criteria will projects be authorized on the Launchpad. As a result, scammers will be weeded out and only the most promising businesses with good development strategies in place will be granted access to the platform. Due to this the risks for investors will be reduced to minimum.

Furthermore, regular users and investors will not be required to complete the KYC; they will be able to invest and receive interest without jeopardising their privacy. To prevent fraud, only startups will be required to pass the KYC verification.

The UMAY token that powers the ecosystem

UMAY is a full-fledged ecosystem that will function on many blockchains at the same time: Ethereum, Binance Smart Chain, Tezos, Polychain, and Cardano will all be supported, with support for more blockchain networks coming later. Users will benefit from a unique cross-chain solution that ensures total interoperability with low-cost and quick transactions.

The UMAY token is used to earn passive revenue from the OTC market by staking and acquiring access to the DeFi services. It’s also utilized for airdrops and for the acquisition of discounts at the off-chain UMAY partners. Not to mention its role in IDO participation and user rank level-up. 

The NFT Marketplace 

The UMAY NFT Marketplace will be a multichain solution that will allow consumers access to the NFT indices. It also will be connected with a variety of blockchains such as Ethereum, the Binance Smart Chain, Tezos, Polychain, and Cardano.

 Collaboration with well-known companies 

Businesses that have been part of the UMAY Consortium from its very inception, as well as those that will collaborate with UMAY in the future, will be incorporated into the ecosystem. For example, Kinopark Theatres (Central Asia’s largest cinema chain) and Royal Petrol (a chain of over 70 petrol stations) are both members of the UMAY Consortium and will benefit from the cashback program, which will reward customers with the UMAY tokens, as well as offer them the ability to receive discounts for UMAY tokens staked. When more firms join the platform, they will develop similar initiatives.

Conclusion 

UMAY is a one-of-a-kind platform that provides funding to potential crypto and DeFi entrepreneurs, permits anonymous investing in early-stage projects and bridges the gap between blockchain and ‘real-world’ enterprizes. Essentially, it is a full-spectrum DeFi platform that will allow access to nearly all in-demand DeFi and financial services via a single site, substantially improving the user experience while ensuring that crypto startup investments are more accessible and reliable than ever before. 

So, visit UMAY’s website and try out everything the company has to offer.

Tensions are high globally, due to this, the cryptocurrency world is on the verge of hitting the lowest ever seen in years. The subsequent invasion of Russia in Ukraine this early morning has impacted Bitcoin and other altcoins heavily.

Bitcoin, at the time of writing, went further downhill to trade at $34,780, while Ethereum’s price took a turn for the worst as it is now $2,356 per unity. In fact, a look at the CoinMarketCap chart is almost disheartening, to say the least.

Today has been gloomy for many world leaders, individuals, and crypto enthusiasts since the news of Russia bombing some parts of Ukraine. Taking to their Twitter accounts, many crypto elites registered their disappointment with Putin.

The Russian-born co-founder of Ethereum, Vitalik Buterin asserted that he is “very upset with Putin’s decision to abandon the possibility of a peaceful solution.” He adds that Putin’s resolution to go to war instead of resolving the situation is “a crime against the Ukrainian and the Russian people.” Finally, he concludes with “Glory to Ukraine.”

The entire crypto market is in the red as the world struggles to understand what Vladimir Putin meant when he announced the start of a “special military operation” against Ukraine. The effect of this news is taking a hit not just on cryptocurrencies but also other sectors of the economy.

The global cryptocurrency market capitalization fell 5.85% over the last 24 hours to $1.55 trillion. This downturn in the crypto market was triggered by Russia’s move to launch a military attack on Ukraine this morning.

More world powers are speaking up against Putin’s ‘irrational behavior.’ More so, several sectors of the world economy will suffer in the following days if immediate action is not taken to stop Putin, many foresee.

The Dubai-based ICICB Group booked another solid year of growth in 2021 as the organization harnessed the transformative power and building momentum of the blockchain technology industry as part of its larger goal to be a leader in the ongoing digital revolution that is reshaping our global society. 

With a global network of more than 114 branches and offices located in 26 countries, ICICB Group is perfectly positioned to help lead the charge for the integration of blockchain technology into mainstream society. 

ICICB’s network of businesses include some of the largest industries in the modern economy including healthcare, water treatment and delivery, commercial enterprise, energy exploration and development, agricultural development and education, all of which can benefit from efficiencies enabled by blockchain technology.

Over the course of 2021, ICICB Group established working relationships with numerous firms including the world-renowned video game creator Atari, which led to the creation of the Atari Token and Atari Chain which have become early mainstays in the emerging Metaverse. 

As a result of its global expansion efforts in 2021, the company’s profits increased from $800 million in 2020 to $1.4 billion in 2021 while the value of ICICB assets increased from $2.6 billion to $5 billion, making it one of the most successful financial services companies in the Middle East region. 

So far in 2022, the ICICB Group appears to be building on its momentum from 2021 as the total value of funds under the management of ICICB increased from $10 billion to $18 billion just in the first quarter of the year with more than a month left to go. 

With a focus on becoming the most dynamic investment company globally and creating value through the development of top-notch businesses that leverage the firm’s morals, capabilities, and extensive relationship network, ICICB Group looks to continue its rise by reshaping the cryptocurrency landscape through the upcoming release of the world’s best blockchain network: ICICB Chain.

ICICB chain was painstakingly designed to solve some of the biggest challenges facing the blockchain industry including high transaction costs and slow processing times with a state-of-the-art framework that can process 50,000 transactions per second (TPS) for just $0.0000008 per transaction.

That’s the lowest cost per transaction in the industry and a perfect example of ICICB Group’s dedication to the advancement of digital technology. 

And to take things to the next level, ICICB Group has also unveiled the upcoming launch of an expanded ecosystem that incorporates the hottest sectors of the expanding Cryptoverse including the ICICB decentralized exchange (DEX), ICICB Portal, ICICB Bridge, ICICB Wallet, ICICB Coin, ICICB NFT Marketplace, ICICB games and the Metaverse by ICICB.

Fresh off of a year of tremendous growth despite the wider struggles of the global economy, ICICB Group now stands poised to see an even greater expansion in 2022 as the power of blockchain technology and a dedicated global network of offices and coworkers charge ahead to lead the way in the ongoing digital revolution.

Source: https://www.nasdaq.com/press-release/icicb-group-doubles-in-value-over-the-course-of-2021-as-it-harnessed-blockchain

The massive sales prove one thing – that NFT and play-to-earn games are here to stay. They are the future of gaming, and it’s evident that players prefer this type of game to traditional games where they get nothing in return for their game time. Play-to-Earn games make it possible for one to earn while playing. Games such as Bit Hotel have leveraged the P2E concept to attract gamers into its ecosystem. 

Bit Hotel Gaming and Social Mechanism

With its nostalgic design and incredible features, Bit Hotel is already looking like a big hit. The reboot of the prominent flash game Habbo Hotel is a Play-to-Earn, social NFT game. It enables users to earn tokens from competing against each other in mini-games, which can be converted into in-game assets. 

Bit Hotel is built on the Binance Smart Chain network and uses its Bit Hotel Token as its native currency. Players have to compete to collect land, characters, furniture, and NFT assets to earn in the game. Players can choose to showcase their items in virtual rooms. 

The social feature is a core component of the game’s ecosystem. Users have the chance to meet and chat with other players over text and voice communications. The rooms in the metaverse hotel save as chat zones, where guests can hang out and trade items. Rooms can be purchased or rented, adding more excitement to the game. In addition, the owner can host events inside their rooms and invite people that share similar interests.

Multiple Ways to Earn

Profiting from playing the mini-games isn’t the only way to earn. As a land/room owner, you make money from renting your property to other users. Since demand is pretty high, you can leverage it to maximize your profits. 

Players can also earn from staking tokens earned in the game. A player can invest in a property by staking the game’s token and receiving rewards in return. The amount staked will also influence your voting decision. 

NFT Drop and Business Floor Rooms

In-game assets or NFTs, such as characters, furniture, and rooms, are usable throughout Bit Hotel. The game will be dropping a new set of NFTs this month to bolster engagement and excitement. Not just this month, but for every other month that follows until the game is fully launched. 

Bit Hotel recently concluded its public IDO and private sale on Seedify, a prominent blockchain incubator, and launchpad. Last month, Bit Hotel opened its business floor rooms to entrepreneurs and partners to boost commercial activities in the metaverse. Users who acquire business floor rooms will have increased voting power, more ways to earn and higher staking returns.

On the contrary, DEX platforms prevent market manipulation, provide anonymity and a high-security level. When using a decentralized crypto exchange, there is no third-party interference. With regards to market manipulation, DEX also reduces it by enabling peer-to-peer cryptocurrency exchange. Last but not least, decentralized exchanges do not need clients to complete know-your-customer (KYC) forms, allowing users to maintain their privacy and anonymity.

We have prepared a list of the best new DEXes you should see.

Starly is a brand new decentralized trade platform that focuses on internal community assistance. What makes it stand out from the crowd is its significantly low transaction charge – only 0.1%. Starly was established as a decentralized autonomous organization (DAO) for trading, farming, and staking Binance Smart Chain tokens.

Thanks to the faster speed and cheap cost of network transactions, BSC enables the Starly community to utilize the platform to its full potential. Starly implements the ideas of an open DEX platform with a free, equitable, and fair financial system.

Starly’s main objective is to meet the demands for DeFi tools as efficiently as possible while providing maximum benefits to its community. Users of the Starly exchange platform and their needs are its top priorities. It is only at its early stages, and it has a great chance to develop and skyrocket significantly soon and become a well-known DEX platform.

PancakeSwap

PancakeSwap is a decentralized exchange on Binance Smart Chain with one of the highest transaction volumes. With PancakeSwap, you can farm, bet, and participate in a lottery backed by glitter and pancakes.

PancakeSwap runs on Binance Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. The platform also stands out for its low trading fees, which save money. PancakeSwap does not keep your funds while you trade.

Furthermore, the DEX has several liquidity pools where liquidity providers can get rewards in CAKE and LP tokens. With the platform, you can easily exchange one BEP-20 token for another through automated liquidity pools with low gas fees and high transaction speeds.

MDEX

MDEX is a decentralized network with the highest transaction volumes and TVL. It is created for interchain operations and runs on BSC, HECO, and Ethereum. MDEX seeks to combine the advantages of various circuits to create a high-performance composite DEX environment.

At the moment, MDEX allows users to make transactions with all types of tokens, meeting their basic needs. All transactions are confirmed in less than 3 seconds.

MDEX values both decentralized management and efficiency. The transaction fee is only 0.1 cents, offset by transaction mining, making the overall transaction cost-free. Increased transaction depth minimizes slippage to 0.1 percent, which even centralized exchanges struggle to achieve.

Injection Protocol

The Injection Protocol is the first fully decentralized second-tier protocol, enabling decentralized open-ended swaps, futures and spot trading. It, in turn, allows decentralized derivatives and borderless DeFi to reach their full potential.

The full decentralization of Injection Protocol transforms the traditional financial model upside down. The platform removes users’ technical barriers to entry, creating a seamless, high-performance exchange for both spot and derivatives markets.

QuickSwap

Quickswap is a next-generation Layer 2 DEX exchange. It is based on the Polygon (MATIC) protocol, ensuring faster transaction rates than Etherium. QuickSwap’s AMM capability allows for permission-free P2P trading using liquidity pools.

QuickSwap’s liquidity mining techniques reward liquidity providers for their participation in building a long-term ecosystem. Thanks to income farming options, users may earn incentives in Quickswap’s management token called QUICK.

350 NFTs sold in 15 minutes, a final bidding war in the tens of thousands of dollars as the last minutes of auction ticked away for the first-ever NFT drop of an F1 driver: these were some of the moments that marked the thrilling conclusion to F1 star Pierre Gasly’s NFT sale on the Artion platform.

For those not already in the know, Artion is a newly launched NFT platform built by the Fantom Foundation, the team behind the fastest blockchain network in the world, Fantom. Last week, F1 driver and Fantom partner Pierre Gasly dropped an incredible series of NFTs commemorating his successes in Grand Prix races across the globe. The sale featured four NFTs total: three unique NFTs sold at auction, and one edition of 350 NFTs for direct sale. All NFTs were redeemable for exclusive merchandise and experiences, like signed racing helmets, limited edition caps and t-shirts, and VIP meet and greet events with Gasly himself.

Though there were clear signs of tremendous interest prior to the sale, the event surpassed even the highest expectations. Two of the auctioned NFTs sold for almost $60,000 and the third went for $36,000. Following the extremely rapid sell-out of the direct sale NFTs, collectors found them reselling at 10X the price.  

The success of the NFT drop owes much to the extraordinary popularity of the French driver Pierre Gasly. Equally important is the prominence that Artion is gaining as a premier NFT marketplace. Artion is powered by Fantom, the fastest blockchain in the world, which ensures 1-second transaction speeds and extremely low-cost transactions regardless of traffic on the network. To top it off, Fantom runs on a low-energy consumption, proof-of-stake network that offers users the satisfaction of knowing that their NFTs are green and eco-friendly. 

Along with Artion’s overall ease of use, these characteristics make the platform an oasis for buyers and creators looking to escape the exorbitant fees and lags in transactions that are unavoidable on marketplaces built on other platforms like Ethereum. 

The Pierre Gasly drop was the first special event on Artion, and its resounding success – measured in both the auction sale prices and traffic on the network – demonstrates just how well the Fantom based marketplace was able to entice both Fantom community members and the F1 global fan base to the platform.  

Looking ahead, Pierre Gasly has indicated that there is much more to come from his partnership with Fantom. Following the success of his drop, moreover, we should not be surprised to see more professional athletes/celebrities launch NFTs on Fantom. 

Media Contact:
Simone Pomposi
Fantom Foundation
pr@fantom.foundation

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Studied and compiled over a six month period, Compass Mining’s NABMI covers the full landscape of North America’s evolving mining landscape, includes insights from dozens of industry insiders, and offers a full analysis of the ongoing shift in bitcoin mining toward both the US and Canada. From the region’s top public mining companies to off-grid mining startups, NAMBI breaks down the real state of bitcoin mining in North America and clarifies its limitations and growth potential in energy markets, hosting capacity, hardware manufacturing, and more. 

Historically, the majority of Bitcoin mining hashrate resided in China. With the invention of the Bitcoin mining ASIC in 2013, strong economies of scale emerged in China, taking advantage of cheap excess energy and robust hardware markets. Indeed, some 65% of hashrate was located in China as of April 2020.

Recent regulatory changes have triggered a mass exodus of hashrate from China. Key industry players are now conducting herculean logistical transfers while searching for cheap energy sources and hosting facilities. North America – with strong capital markets, mature energy grids and lean competition – stands as an attractive solution.  

“Compass is built on bringing transparency to an otherwise opaque industry,” said Whit Gibbs, CEO of Compass Mining. “Our research and media efforts continue to be focused on disseminating industry-leading data so that Bitcoin Miners have the actionable information they need to build and scale profitable mining operations.” 

Compass Mining – operating a retail miner network in 7 countries with 0.5% of the Bitcoin network’s hashrate under management – provides a uniquely comprehensive insight into the largest transition the Bitcoin network has experienced to date as miners migrate to North America. Competitive edges of incumbent North American firms, regional regulatory regimes, the development of hardware markets, and energy sources in North America are all addressed. 

Download the NABMI report today for free. Also be sure to check out compassmining.io for original research, articles and content on the Bitcoin mining ecosystem.

About Compass:

Compass Mining is a bitcoin-first, proof-of-work mining company on a mission to strengthen Bitcoin’s network by democratizing hashrate. Compass’ mining marketplace offers easy procurement and deployment of mining machines for institutional and retail clients. Compass also produces industry-leading research and educational content through a variety of tailored media product offerings. Mining is a notoriously opaque sector of the Bitcoin industry, but Compass now serves as the guide for everyone’s path to successfully mining bitcoin. Thanks to Compass, mining bitcoin has never been easier.

Media Contact for Compass:

Zack Voell
Content Director
media@compassmining.io

Additionally, all the services provided in CeFi (centralized finance) such as borrowing, lending, earning interest, etc, are provided in the DeFi ecosystem to people having an internet connection. As the underlying technology blockchain is deployed in various DeFi services and products, all the transactions taking place on the network are transparent and immutable. Moreover, smart contracts built on the ethereum platform substitute the otherwise participation of intermediaries such as banks. With time passing by, the number of DeFi startups and projects in the space has been increasing rapidly. While there are several already established DeFi projects such as Uniswap and Sushiswap present in the space, there are other promising DeFi projects that are making their way in the blockchain space in 2021.

EQIFI

EQIFI is a DeFi project powered by a regulated and fully licensed bank in EQIBank, and it’s this factor that really sets it apart. Led by CEO Brad Yasar and Chairman Jason Blick, the team at EQIFI brings considerable experience to the table and is focused on the democratization of global banking services. As the EQIFI project is powered by EQIBank, it provides the opportunity to gain access to products such as multi-currency bank accounts and credit cards. It took EQIFI only ten days to achieve the funding goals set for the seed phase and other strategic rounds.

Chainlink

Launched in 2017, Chainlink is another DeFi platform to watch out for in 2021. Chainlink was launched solely to allow the integration of real-world applications on blockchain-backed smart contracts. In reality, before the launch of Chainlink, blockchain networks weren’t able to access data outside the network. That’s why blockchain oracles such as Chainlink were needed to serve as an intermediary between blockchain-based applications and external data streams from real-world use cases. Recently, Dusk Network announced its plan to integrate with Chainlink. Like Dusk, several projects in the space are expected to join and expand the market of Chainlink in 2021.

Uniswap

Uniswap, launched in 2018, has gained immense support and popularity in the crypto space in the last few years. Uniswap aims to automate the trading of DeFi tokens and solve the liquidity problem through its decentralized automated protocols. Now, anyone can exchange his ethereum tokens on Uniswap and readily liquidate. Apart from this, a user even participate in liquidity pools and earn a monetary reward for lending his crypto assets. A truly DeFi protocol, Uniswap enables the trading of tokens in the absence of a supervisory body by completing the transaction through smart contracts called Automated market maker (AMM). So far, Uniswap has been upgrading its protocols in order to make its pipeline more smooth and efficient. As Uniswap has been leading the DeFi market for quite some time now, its growth and expansion are for sure worthy of attention in 2021.

Synthetix

Another DeFi project, Synthetix having a market cap of over $2.5 billion has gained the attraction of a majority in the space. By allowing users to stake and collateralize synthetic assets, Synthetix enables the access of several crypto and non-blockchain assets to its user. In simple words, synthetic assets issued by Synthetix resemble derivatives in legacy finance.  As Synthetix introduced derivatives to the crypto market which was a very first, it’s gaining solid popularity and importance nowadays, therefore, making it worthy of attention. The ecosystem provided by Syntheix is expected to evolve and grow even more in 2021.

Polkastarter

Polkastarter, another project well-known in the space, has a market cap of over $43,000 million. Basically, it’s a cross-chain protocol for pools and auctions that supports various projects to raise capital. It helps blockchain projects aiming to gather capital and simultaneously distribute their native tokens. Although Polkastarter is not operating on Polkadot mainnet at the moment, it’ll migrate from ethereum to Polkadot mainnet in the future. As opposed to AMM used by Uniswap, liquidity pools executing orders at a fixed price will be employed by Polkastarter to raise capital for its users. The team of Polkastarter is very actively working on the project to make it suitable for the masses so Polkastarter is for sure an important DeFi project to track in 2021. 

As the perception of blockchain and its use cases become evident to the majority, the application of DeFi becomes more sensible and natural to the majority of crypto enthusiasts and investors in the space. While DeFi is gaining popularity by serving underprivileged customers not having a bank account, there are several startups and projects, capable of innovating the existing financial services and structure, to look for in 2021.

Fantom sees thousands of users utilising daily for a variety of purposes, including information security and crypto-currency transactions.

The platform prides itself on it’s high-performance, scalability, and secure smart-contract platform, specially designed to overcome the limitations of previous generation blockchain platforms.

The system is fully permissionless, decentralized, and open-source, and aims to provide users with one of the most reliable and innovative blockchain systems available on the market anywhere in the world.

One region of the globe that has seen the most monumental growth is Asia, with a growing list of nations and their governments enlisting the help of Fantom to bring their systems into the 21st century.

A great example of this is the central-Asian nation of Pakistan, which has seen agreements signed with Fantom in various areas of government, from the prison system all the way to a legislative assembly.

Fantom has partnered with the Pakistan Punjab Prisons Department to create custom blockchain Enterprise Resource Planning (ERP) software, which will allow the immutable auditing of company data.

Fantom’s platform is also being seen at the heart of government, with the group recently signing a deal with Pakistani province Khyber Pakhtunkhwa, or KPK, to digitize KPK’s Provincial Assembly and related government departments. The Pakistan Private Educational Institutions Regulatory Authority (PEIRA) has also signed a partnership with Fantom to implement custom blockchain Enterprise Resource Planning (ERP) software. Fantom will be upgrading PEIRA legacy systems with a blockchain-powered solution enabling database audits and real-time monitoring of changes to the system.

Further north, Fantom has also signed a wide-ranging and exclusive contract with the Republic of Tajikistan’s Ministry of Industry and New Technologies to develop blockchain-based IT solutions.

The contract will see an array of opportunities opened up for the people of Tajikistan, including the establishment of a research and development hub with the initial purpose of training local developers in using blockchain-based platforms such as Fantom.

Other aspects of the contract will see Fantom assess data flows and documentation from the Ministry’s previous legacy system, with the goal to create a customised CRM/MIS system.

The agreement with Tajikistan sets out a framework for possible future work with the company, with talks of opening up a crypto-fuelled digital economy on the horizon for the nation.

Meanwhile, the Afghanistan government has signed along the dotted line on a Memorandum of Understanding with Fantom to upgrade the country’s National Standard Authority.

The Memorandum sets out a path for Fantom to implement its blockchain platform in the country, bringing with it the ability for the authority to have confidence in its database migration and anti-corruption transparency tools.

As well as these agreements, Fantom has also signed a variety of other memorandums to work with Afghanistan on utilising blockchain systems in it’s health, energy, railway, and industry and commerce departments, opening up the possibility for further agreements in the nation.

Over in Ukraine, the government is also dabbling in Fantom’s blockchain technology, signing an agreement with a third-party company who will create a platform on Fantom’s blockchain to manage the nation’s intellectual property database.

Ukraine is one of a handful of nations leading the world in the uptake of crypto-related platforms, and there are continuing discussions on the government implementing Fantom blockchain technology within other government departments.

For more information, visit www.fantom.foundation