In our "Project Spotlight" series, we highlight new projects making significant strides in the web3 community. This series keeps you updated on innovative projects and companies that are shaping the future of decentralised technologies. Be sure to check out and follow their progress as they contribute to the ever-evolving web3 landscape.

1. Ligo

Ligo is the first high-performance AI blockchain built on Bitcoin Layer 2, designed to revolutionize GameFi, DeFi, and AI-DApps. By leveraging LUA, Python, and Mojo, and collaborating with the Mojo developer community led by Chris Lattner, the creator of TensorFlow and Swift, Ligo brings an innovative approach to blockchain and AI integration. Its mission is to empower "Zero-Generation Developers" through Zero-Code solutions, scalable to support a billion users. Ligo partners with key institutions like NUS Blockchain Lab and A*STAR Singapore R&D Center to drive mass adoption across industries. With a live mainnet supported by a global community, strategic partners, and investors including Waterdrip Capital, ZC Capital, and SatoshiLab, Ligo is paving the way for the next generation of decentralised applications, targeting a $AIGO listing in Q4, 2024.

2. Lither

Lither is a next-generation Layer 2 blockchain built on the Ethereum Virtual Machine (EVM), integrating cutting-edge security technologies to enhance performance and user safety. Positioned at the forefront of innovation, Lither focuses on the convergence of GameFi, DeFi, and Real World Assets (RWA), creating a secure and efficient ecosystem where digital and physical assets interact seamlessly. Designed to revolutionize decentralised finance and gaming, Lither offers a comprehensive platform for users to engage in diversified financial activities while bridging the gap between the digital and real worlds. By harnessing blockchain's power, Lither is driving the future of finance, gaming, and asset management with unmatched security and scalability.

3. SynergyAI

SynergyAI is an advanced solution designed to help crypto traders mitigate risks in the DeFi market by leveraging blockchain data and artificial intelligence. It provides traders with the tools to make safer and more informed investment decisions on decentralised platforms. SynergyAI's key features include the SAFU Score, a unique risk assessment tool that combines blockchain transaction simulations and AI code analysis to deliver a comprehensive safety score for DeFi investments. The Holder Analysis feature offers insights into wallet connections and token distribution, helping users identify concentration risks. Additionally, the Frontrunner tool detects and counters fraudulent transactions in real time, acting as a safeguard against rug pulls. With the DeFi Explorer, users can analyze key on-chain metrics like performance and liquidity, while the Multi Wallet Portfolio Tracker allows users to manage their investments across multiple wallets in a single, user-friendly dashboard.

4. Kyo Finance

Kyo Finance is a leading native veDEX on Soneium, designed to bridge the gap between Web2 and Web3 users without causing UX friction. It delivers a seamless, web2-like experience by supporting native batch transactions, enabling users to bundle multiple actions into a single transaction. This eliminates the need for multiple approvals, staking, and repeated claims, saving users time and gas fees. As an awarded winner of Soneium Spark in the DeFi category, Kyo Finance offers a range of innovative features, including self-optimizing emission control through token-based voting, a configurable pool system supporting ERC20, ERC721, and ERC1155 tokens, and real-time operations with native multicall functionality. With smart voting for optimal APR, smart routing to reduce price impact, and batch swaps, Kyo Finance redefines decentralised exchanges, making it a key player in the growing Soneium ecosystem. Its goal is to bring Web3 technologies to mainstream adoption with unparalleled efficiency and user-friendliness.

5. Scannit

Scannit is a cutting-edge ecosystem that transforms the way individuals and companies manage, utilize, and benefit from personal data. It empowers users by giving them control over their digital identities, allowing them to rent out their data in a transparent, secure, and fair value exchange. At the same time, it provides businesses with ethical access to valuable data insights while ensuring user privacy and consent are respected. Through the Scan to Earn app, part of the Scannit platform, users can easily upload receipts, invoices, and other relevant data in exchange for $SCAN token rewards. This process is fully controlled by the user, offering transparency and the ability to choose which businesses can access their data. Scannit turns everyday data into a valuable asset, helping users regain sovereignty over their information while monetizing it on their terms.

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 on X/Twitter and sign up for our platform today to access daily Web3 intelligence.