Here are top DeFi and NFT Projects to Keep a Track in 2021

Here are top DeFi and NFT Projects to Keep a Track in 2021

NFT Startups
by Editor's Desk
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Today, blockchain technology, which underpins cryptocurrencies, is more popular than it has ever been. This is because, aside from bitcoin, Blockchain may be used in a variety of ways, and its potential is being investigated all around the world. Non-fungible tokens (NFTs) and decentralised finance (DeFi), both of which have witnessed massive growth in the
NFT DeFi Projects

Today, blockchain technology, which underpins cryptocurrencies, is more popular than it has ever been. This is because, aside from bitcoin, Blockchain may be used in a variety of ways, and its potential is being investigated all around the world. Non-fungible tokens (NFTs) and decentralised finance (DeFi), both of which have witnessed massive growth in the last year, are two of the most popular ways to accomplish this. These two sub-sectors of the blockchain business, in particular, reached new heights in 2020. In 2020, billions of dollars were invested in decentralised finance, which uses Blockchain to provide financial services without the need for an intermediary.

Non-fungible tokens, which enable a permanent log of asset ownership transfers, have seen a surge in popularity in 2021, with iconic memes and even Jack Dorsey’s first tweet being sold for millions of dollars as an NFT. More DeFi and NFT projects are emerging this year as a result of greater financial engagement and public interest, and both are likely to mature alongside the cryptocurrency industry. With so many options on the market, these are some of the most important NFT and DeFi initiatives to watch in 2021.

  1. NIFTEX 

With all of the excitement surrounding the NFT industry these days, many people would like to get involved and profit by purchasing profitable NFTs. However, with every news emphasising the millions of dollars that NFTs sell for, it can appear out of reach for the average individual, which is where NIFTEX comes in. NIFTEX is a startup that allows consumers to buy fractions of NFT ownership rather than purchasing the entire NFT. This means that customers can benefit from the NFT market with as little as a few dollars, and new capabilities even enable for royalties to be made on a fraction of deals. NFTs are on their way to the top, and it appears that the market’s future will be democratised and available to the general public.

  1. Mintbase 

While many creative NFT platforms help clients acquire and invest in NFTs more effectively, Mintbase focuses on helping users mint NFTs in the first place. Individuals have discovered that almost anything can be made into an NFT, and that their production is not confined to major players; ordinary people and lesser artists can also build NFTs. 

Mintbase has completed an investment round sponsored by Sino Global, and it appears like 2021 will be a big year for the company. This follows on the heels of the unveiling of a new feature that allows up to a thousand people to share royalties and allows for creation on both the Ethereum and NEAR blockchains.

  1. Synthesis Bank 

DeFi’s most significant advantage is that it is democratising financial services and allowing anyone to use them. This is what Synthesis Bank conducts as well, with an eye toward investment banking. Synthesis is a bank built on the Ethereum smart contract that allows users to invest in a variety of assets in one simple channel without the need for an intermediary and with the least amount of interference possible. All transactions are also recorded on the Ethereum blockchain, ensuring complete transparency and reducing the need for human intervention. In addition, audits are conducted by CERTIK, one of the largest blockchain ranking and verification platforms, to provide consumers with even more security.

It holds the distinction of being the world’s first cryptocurrency tokenized investment bank, and with cryptocurrency investment on the increase, the years 2021 and 2022 are anticipated to be significant for the company. Liquidity mining, cross-exchange market-making, and arbitrage are just a few of Synthesis Bank’s services. HFT is used to carry out its arbitrage offers. This is how profit is made and dividends are distributed to STB owners.

  1. EQIFI 

EQIFI is unusual in that it is a DeFi initiative powered by EQIBank, a regulated and fully licenced bank, and it is this distinction that truly distinguishes it. The EQIFI team, led by CEO Brad Yasar and Chairman Jason Blick, has a wealth of experience and is dedicated to bringing democratisation of global financial services to the forefront.

The project has created advanced infrastructures for borrowing, lending, and investing in Ethereum, ERC-20 tokens, and selected fiat currencies using blockchain technology. Because the EQIFI project is supported by EQIBank, users can have access to items like multi-currency bank accounts and credit cards. 

Given that the team just needed ten days to reach the seed phase and other strategic financing targets, it’s safe to conclude that EQIFI is a project worth keeping an eye on!

  1. MahaDAO 

MahaDAO is a decentralised autonomous organisation run by the MAHA community with the goal of creating an inflation-resistant currency that protects token holders’ purchasing power. MAHA is a governance token that allows its holders to make all important choices regarding the platform’s operation and development. MahaDAO just announced ARTH, the world’s first non-depreciating currency that can preserve its purchasing power regardless of market fluctuations. It’s a decentralised algorithmic currency that can battle depression and withstand black-swan events by adopting a value-stable protocol to avoid volatility and hand over governance control to MAHA.

  1. InsurAnce 

While the DeFi industry is now thriving, it is far from flawless. Hacks, glitches, and external attacks on multiple platforms are some of the most prevalent challenges that DeFi users experience. For individuals that store their tokens on these platforms and interact with the ecosystem, this is where insurance becomes necessary. InsurAce is an Ethereum-based system that insures DeFi customers against the majority of the challenges they face. Not only will demand for DeFi goods explode in 2021, but so will need for DeFi-related insurance, which InsurAce hopes to meet. It has received funding from Parafi Capital, Hashkey Group, Huobi DeFiLabs, Hashed, IOSG, and Signum Capital as a result of this. Insurance is available for a variety of major define platforms, including Binance Smart Chain, Huobi Eco Chain, and Solana.

NFTs and DeFi are slowly but surely taking over the planet. They’ve grown in popularity to the point where they’re getting their own conferences and events. Take, for example, NFT BAZL, an NFT art exhibition that will take place in Miami on June 2, 2021, in the same style as Art Basel. NFT collectors, enthusiasts, and investors will attend the event. Artists such as Punk Me Tender, Fidia, Hijack, and Alessandra Maskita will have their pieces auctioned. In keeping with the exhibition’s purpose of linking the digital and real worlds, a tangible NFT gallery will be available for purchase for the first time in history. The auctions will be held on Elitium’s in-app marketplace, and Queen Diambi Kabatusuila Tshiyoyo Muata of Congo will be in attendance.

The event’s organisers, Elitium and GDA Capital, will also host a virtual NFT summit, with both events aimed at bringing NFTs into the real world and demonstrating how large the industry has grown. The year 2021 is shaping up to be one of the finest for DeFi and NFTs yet, with the projects listed above leading the way. We will see not only a transformation in the financial landscape, but also a cultural shift in how people engage with blockchain technology. The shift will most likely be smoother with these projects at the forefront of the movement.