Are Ethereum killers real? If they are, Avalanche is among one of the top candidates.
- Avalanche Overview
- Top Projects On Avalanche
- Trader Joe (DEX)
- Kalao Metaverse/NFT Marketplace
- Crabada Play To Earn Blockchain Game
If you have been keeping an eye on L1’s in 2021, you would have noticed that they soared to the top of the charts last year. In the space, 2021 has been called the year of the L1’s, and Avalanche was one of the top L1 gainers.
Avalanche is one of the fastest-growing L1 Proof-of-Stake blockchain and smart contract platform. Some have singled out Avalanche as a credible alternative to Ethereum, specifically because of the platforms “faster time-to-finality (settlement) and lower costs”. Furthermore, Avalanche has a transaction rate much higher than Ethereum, 4500 transactions per second compared to Ethereum’s measly 15-30 transactions per second.
I’m not here to talk down on Ethereum, but if L2 solutions or Eth 2.0 don’t come to save it, then Avalanche is a good candidate to gain market share in the competitive smart contract market.
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Top Projects On Avalanche
Trader Joe (DEX)
Trader Joe aims to be the biggest DEX on Avalanche and challenges the flagship Avalanche DeFi App and DEX Pangolin. It is a fork of Uniswap and is a “one-stop-shop” decentralized trading platform native to the Avalanche blockchain. It is at the frontier of DeFi, and there are no high gas fees as each trade only requires a 0.3% fee.
Additionally, Trader Joe offers more than just trading. You can pool, farm, gain access to lending and stake. Also, “voting” is coming soon, where users will presumably be able to vote for listings on Trader Joe.
Kalao Metaverse/NFT Marketplace
Kalao is an NFT ecosystem. They offer an NFT marketplace that is easy to use and cost-effective. The NFT marketplace also aggregates all NFTs available on the Avalanche C-chain, so it is unnecessary to navigate to other marketplaces; “There is only one place to go: Kalao marketplace”. What makes Kalao stand out is that they are not only offering a well-rounded NFT marketplace, but they are extending NFTs into their metaverse and real world applications.
Kalao’s metaverse introduces Kalao VR, which magnifies your NFT experience with a full 3D virtual reality experience. You can have your own gallery where you display your NFTs and can invite you friends to join you. Kalao will also be launching their own native metaverse called “The Citadel”, where you will be able to buy and rent land just like Decentraland and The Sandbox.
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Part of Kalao’s roadmap includes real world use cases. Coming in Q1/Q2 of 2022, Kalao anticipates being used for event ticketing, luxury goods and digital commerce, and ArtWorks Exhibitions.
Crabada Play To Earn Blockchain Game
Crabada is an NFT play-to-earn idle game on the Avalanche network. All game play interactions are processed on-chain and because of Avalanche’s overall speed, the game looks great.
Crabada is an undersea world built with fierce hermit crabs. As you play the game, you can accumulate NFTs and $CRA tokens (Crabada’s governance token). You can mine, loot, breed, and battle with 64 unique breed types of hermit crabs.
Overall, Avalanche isn’t just faster transaction-wise compared to Ethereum, but its speed also allows for faster and better gameplay. This shows with Crabada, which could be the next Axie Infinity. The game is currently live but expensive for starters; the cheapest fierce hermit crab on the marketplace today is about $2500. You need three to play.
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