According to a report by Emergen Research, the Web 3.0 coin market reached $3.2 billion in 2021. By 2030, the Web 3 industry is expected to reach $81.5 billion. In this article, we take a look at some of the best Web 3 projects that are making waves with the right partnerships and funding.
Here are the partnerships that should not be overlooked from the Web 3.0 coin market
ViCA Token (ViCA) announced its collaboration with Octoverse to expand their partnership in the Web 3 space. The partnership aims to help build the Octoverse metaverse and NFT projects. They will start with a kart racing game featuring innovations in smart contracts related to dynamic NFTs. Interestingly, the game will be playable even before it’s released on Minecraft. ViCA joins other leading ‘players’ in Web 3 in its investment round to achieve its goals with Octoverse.
ViCA is a Blockchain powered project that creates an e-wallet and e-commerce platform similar to paxful. The project also has an arbitrage trading solution called ViBot. According to the founding team, they plan to expand systematically to the metaverse and all Web 3 domains. ViCA is also the first manufacturer of a blockchain-powered vending machine in Korea. Octoverse, on the other hand, is an innovative NFT project that is ready to go before it’s available. The platform is designed to empower developers and artists. The characteristics of their dynamic NFTs vary according to the performance of the players. So as players play the series of NFT games in the Octoverse ecosystem, they will become rarer.
Polygon partnership with Web3bridge
Polygon has partnered with Web3bridge to fund a Blockchain developer program. Web3bridge aims to create a Web 3 African Web 3 community. The Web3bridge program is designed to support Web3 and Blockchain developers. The program started with only about 500 Nigerian developers. But it has reached over 2000 developers trained in Web 3 development.
GuildFi and Binance Smart Chain
GuildFi has recently invested in BSC’s $1 billion growth fund. Binance Smart Chain’s financial support is spent on GuildFi’s gaming ecosystem. Thus, GuildFi received support from Binance to develop its vision in the Web 3 space.
Algorand and QuickNode partnership
QuickNode announced its partnership with Algorand earlier this year. Algorand is one of the greenest Blockchains in the world. On March 15, 2022, the Algorand team released an official statement detailing the grant partnership with QuickNode. According to QuickNode CEO Dmitry Shklovsky, they understand that scalability is one of the biggest issues facing blockchain development. That’s why their partnership with Algorand represents a milestone for the entire Web 3 community. QuickNode allows developers to pay more attention to dApps and not worry about other issues like DevOps/NodeOps. Currently, the QuickNode network processes more than 50 billion requests each month from at least 10 regions of the world. Algorand solves the blockchain triad with the Pure Proof-of-Stake (PPoS) protocol.
Solana and Alchemy partnership
Web 3 development platform and infrastructure provider Alchemy recently announced its partnership with Solana. This partnership will help support Solana when her network suffers a series of outages. A day after the Solana network was temporarily suspended on June 1, 2022, Alchemy is out to announce its support for the ailing Blockchain. Support enabled developers to use Alchemy’s software applications and core capabilities in Solana-built applications. Support will also allow Solana Devs to enjoy reliability and scale when building with Alchemy. On the other hand, Alchemy developers will enjoy speed and affordability while developing Solana.
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