VeChain releases a whitepaper for VET 3.0, Filecoin´s announcement of the Filecoin Virtual Machine launch causes FIL to soar, and Collateral Network shows enormous potential in the crypto lending industry, as its token COLT enters presale with forecasted 35x returns.
VeChain’s new VET 3.0
Working alongside major companies, VeChain is committed to sustainability in blockchain technology that makes a positive impact. With the release of the whitepaper for VET 3.0, VeChain presents a roadmap for the forthcoming protocol.
The 72-page document details how VeChain aims to focus on the blockchain’s core. Released on Saturday, the whitepaper named “Web3 for Better” provides an overview of VeChain’s history and outlines the company’s key initiatives, including the development of the “VeChain Biosphere,” a DAO, and on-chain incentive-based ecosystem that rewards stakeholders for “green” actions by building on VeChain’s low-carbon blockchain.
VeChain makes it clear how committed VET 3.0 is to sustainability, and with their proven partnerships, the protocol is set to provide massive use cases in the coming years as it works towards changing the world.
Filecoin Launches its FVM
As the world’s largest decentralized storage network, Filecoin offers an efficient solution for storing data based on protocols of the decentralized network IPFS (InterPlanetary File System). IPFS was initially developed to replace HTTP and create a peer-to-peer method that is content-addressable and enables sharing media in a distributed file system.
On March 1st, Filecoin launched the Filecoin Virtual Machine (FVM), which brings smart contracts to the ecosystem, making it a Layer 1 in its own right.
The biggest incentive that comes with the FVM is interoperability with the Ethereum Virtual Machine (EVM), with Filecoin aiming to attract developers to build dApps on the network. The main network launch was set for March 14th. Filecoin (FIL) investors are looking forward to the launch of FVM, and with a market cap of $2.13 billion, there is plenty of room for growth. Filecoin’s price is still in bullish territory, which would be invalidated by dropping and holding below the 200-day MA.
Collateral Network is set for impressive gains
Collateral Network’s exciting business model is why crypto analysts are predicting that COLT could see a 3500% price increase. What Collateral Network brings to the industry is highly needed, so this comes as little surprise.
The project is described as the first crowdlending platform that uses physical assets backed by NFTs. Using blockchain technology, Collateral Network enables everyone to borrow and lend real-life assets digitally, with the help of fractional NFTs.
Borrowers can mint their collateralized assets on the platform as fractionalized NFTs, enabling lenders to fund loans for borrowers by purchasing the NFTs. This earns them interest on their capital, whilst providing borrowers with a far quicker source of loans.
Built on the Ethereum blockchain, Collateral Network (COLT) possesses multi-chain capabilities to bridge multiple blockchains. A 3500% surge in price is possible within the next six months, say financial experts, due to the project’s immense real-world use cases.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
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