In our “Project Spotlight” series, we showcase new projects that are making an impact in the web3 community. This series will help you stay informed about upcoming projects and companies shaping the future of decentralised technologies. Remember to check out and follow their progress as they contribute to the evolving web3 landscape.
1. Unlockd
Unlockd is a permissionless RWA liquidity protocol powered by advanced AI, offering a secure and cost-effective solution for borrowing against tokenized Real-World Assets and financial assets. Users can participate as depositors or borrowers, with depositors earning risk-free, auto-compounding yield directly in USDC through a Peer-To-Pool model. This model, deployed on the Ethereum Mainnet and soon on multiple L2s, is more efficient and fair than traditional Peer-To-Peer models. Borrowers can access instant loans with no fixed expiration date and fair interest rates, backed by their supported tokenized assets. Unlockd’s advanced AI optimizes loan conditions, ensuring accurate asset valuation and smart Loan-To-Value (LTV) ratios, all without the complexity typically associated with such processes.
2. WingRiders
WingRiders is a fast and innovative Automated Market Maker (AMM) decentralised exchange (DEX) built on the Cardano blockchain, offering over 400 listed Cardano native token pairs and comprehensive DeFi services on a single platform. As one of the top DEXs on Cardano by Total Value Locked (TVL), WingRiders enables seamless token-to-token swaps, not only via ADA but also across various Cardano DeFi project tokens. Built using the eUTxO model on Cardano's main chain, WingRiders is designed to serve as a crucial infrastructure element for the entire Cardano ecosystem, allowing for easy integration with wallets, dApps, and supporting hardware wallets like Ledger and Trezor. The platform is fully decentralised and trustless, with plans to expand beyond AMM and L1, potentially even surpassing Cardano itself.
3. Silk
Silk is an innovative solution that allows users to create and use personal human keys for web3 wallets on EVM chains, secured by zero trust protocols and recoverable with private identity proofs. Silk streamlines the onboarding process with a trust-minimized protocol that generates cryptographic keys from a user's email address and password, fortified by multi-factor identity proofs. Users can interact with any cryptographic protocol or blockchain application through a simple and intuitive interface. The platform employs threshold cryptography to create key shards upon login, ensuring O(1) lightning-fast performance while eliminating single points of failure. Additionally, Silk incorporates backup security mechanisms to protect against potential 51%-like attacks. No downloads, installations, or extensions are required—users can simply sign in via a web browser and seamlessly continue their experience on mobile.
Forest Knight is an engaging turn-based strategy game that blends strategic gameplay with a rich metagame economy. Players build a team of three unique heroes and embark on thrilling adventures, facing formidable foes and uncovering new heroes, equipment, and game modes as they progress. With a variety of game modes, including solo adventures, competitive matches, and collaborative challenges, Forest Knight offers a rewarding and dynamic experience for all types of players, ensuring there's always something new and exciting to explore in its vibrant world.
5. Arkadia Park
Arkadia Park is an open-world, multiplayer video game set in a dynamic theme park, offering players the chance to explore a variety of attractions powered by Web 3.0 technology. Designed as a destination for entertainment and immersive experiences, Arkadia integrates multiple NFT communities, providing a platform for both current and future projects. The game enhances the functionality of the gamified metaverse by supporting real-time yield farming, competitive activities, and a deeper connection between users. By fostering Web 3.0 adoption, Arkadia aims to build a vibrant community of virtual players who enjoy blockchain-based games and contribute to the growth of the broader ecosystem.
The projects featured in our "Project Spotlight" series bring innovative solutions to the web3 landscape. Their ability to innovate can significantly impact the growth and evolution of the web3 industry. Do remember to follow us onX/Twitterandsubscribe to our weekly newsletter(we have an amazing >35% open rate).