The crypto space is evolving at an incredibly rapid rate. Even during one of the most bearish crypto winters in history, there are still hundreds and thousands of new projects appearing every day.
A large majority of these projects, unfortunately, will not make it. Investors often suffer heavy losses when they put their trust in such projects only for it to ultimately fail.
The difficult part for investors is to sift through the noise of the crypto space, and zero in on the true hidden gems that provide real value. As an investor or a trader looking for the next crypto moonshots of 2023, you should check these up-and-coming projects out.
Golteum brings to the table an unparalleled amount of utility that has yet to be seen in the crypto space. This project is the first-ever Web3 protocol to launch gold-backed crypto assets, which include tokens and an NFT marketplace. The protocol was founded by a team of Certik-certified experts, and the smart contracts are also vetted by Certik.
This project functions differently from the current projects in the Web3 ecosystem as they are able to provide true utility in the form of gold backing, rather than a speculative value from the perceived utility.
Investing in the protocol is more in-line with the traditional methods of investing, buying, selling, and trading of gold rather than investing in crypto. Essentially, the team is streamlining the age-old methods of gold investments through seamless integration of blockchain technology, providing gold investors with the additional benefits of real-time transactions and utmost transparency.
Golteum has also partnered with Fireblocks Web3 Engine which includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs
It is largely due to these factors that the value of $GLTM is able to soar by 85%, going from $0.07 to $0.13 even during these challenging market conditions. As the protocol expands, it is forecasted that the value of the tokens will continue to skyrocket and achieve moonshot status in 2023. Currently, the project is undergoing the second phase of pre-sale and is offering a 20% discount for a limited time for new investors who are looking for a great entry point.
Tora Inu (TORA)
Tora Inu lies on the opposite end of the spectrum from Golteum. As Golteum approaches its business model in a more Web2 traditionalist way, Tora Inu fully embraces Web3 and aims to create a play-2-earn ecosystem which encourages their investors to play their game in order to win rewards and prizes.
The games will be skill based, which means better players will generate more rewards, and inactivity will generate none at all. Tora Inu embraces the moniker of being a meme token with the additional utility of governance.
The protocol aims to be listed on centralized exchanges throughout 2023 and 2024 while gradually penetrating the mainstream markets throughout Asia. As the game is launched and the roadmap milestones are hit, there is no doubt that $TORA will also be a great contender for a moonshot in 2023!
Gold-Backed Assets or GameFi?
GameFi protocols have been very popular amongst developers in the Web3 space. However, it is riddled with FUD, scams and poorly executed business models or tokenomics models. Golteum, on the other hand, is backed by a precious metal which has always been a medium of trade and endured the test of time. Combined with the security and transparency of the blockchain technology, Golteum aims to address all issues that are riddling the GameFi scene.
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