Cryptocurrencies That Are Big On Web3 Integration – Decentraland (MANA), Filecoin (FIL), And Privatixy Token (PXP)
Web3, also known as the third generation of the internet, aims to decentralize and support many innovative uses of blockchain technology in the cryptocurrency market. Consequently, Privatixy Token (PXP), as a new cryptocurrency, is set to utilize the resources of Web3 to provide better privacy and security of user data.
Established Web3 cryptos like Decentraland (MANA) and Filecoin (FIL) are also not left behind as they already integrate the technology in building a decentralized metaverse and data storage, respectively.
Read on to find out why these coins on our cryptocurrency list are big on Web3 integration and how they utilize it for various purposes.
Decentraland is at the forefront of the metaverse, an emerging Web3 concept in crypto. Its MANA token is one of the best metaverse coins in the cryptocurrency market.
Decentraland is a platform built on the Ethereum blockchain that functions by bridging the space between the digital and real-world using virtual reality.
Therefore, it hosts a virtual world where users can own digital assets like land plots and develop them into various real estate properties – from game centers and shopping malls to apartments and villas.
Subsequently, participants sell these real estate projects at high prices. This ability helps users to transfer value from the digital to the real world, giving this decentralized Web3 ecosystem a proof of concept.
The MANA is the ERC-20 native token used in the Decentraland ecosystem. Users can purchase several items such as wearables, avatars, and non-fungible LAND and Estate tokens using MANA.
Additionally, the MANA token serves as the governance token in the Decentraland DAO. Its token holders control the behavior of the Decentraland world and decide on the types of content permitted within the metaverse.
Filecoin is a decentralized storage network focused on large-scale data storage for users. Since data storage is another concept facilitated by Web3, it allows people to own and rent out hard disk space in exchange for FIL tokens.
As a peer-to-peer storage network, Filecoin leverages its decentralized nature to present a better alternative to centralized cloud storage systems like Amazon Web Services or Google Drive.
Furthermore, its Interplanetary File System (IPFS) is open protocol and blockchain-powered. Therefore, it encourages transparent mining and data storage. Also, it ensures the integrity of data storage providers and secures its blockchain using proof-of-file-replication and proof-of-storage-over-time.
The FIL tokenizes the storage network and rewards decentralized storage providers for storing users’ files. Users, in turn, pay FIL to the storage providers for file space.
Privatixy Token (PXP)
Privatixy Token is a next-gen cryptocurrency that aims to provide data security and preserve user privacy on the blockchain network. It is an open-source protocol that offers wide-ranging solutions to privacy preservation while emphasizing decentralized technology adoption and usability.
Additionally, it secures data using Zero-knowledge proof (ZKP), an encryption tool that allows one party (the prover) to prove the authenticity of certain information to another party (the verifier) without leaking any extra information.
The Privatixy ecosystem blends blockchain security with Web3 integration to further the goal of reaching a wider audience and decentralizing user privacy on the blockchain network. It will also curb cyber threats by ensuring that the provided data is safe, secure, and private.
The PXP powers the Privatixy Token and will be obtainable through staking and purchasing from DEX and CEX exchange platforms. Its utility will include liquidity pools, transaction fees, DAO governance, rewards, and staking.
Additionally, as part of the presale bonus, early investors can receive a 15% bonus for buying PXP using BTC, a 6% bonus for stage 1, and a 60% 10 mins signup bonus.
Also, if the same investor refers a friend to purchase $100 worth of PXP tokens, both parties will receive an additional $40 of PXP tokens.
As the future of the internet, Web3 will revolutionize the entire cryptocurrency market. Pre-existing Web3 cryptos such as Decentraland (MANA) and Filecoin (FIL) already integrate the next-gen technology in the metaverse and data storage, respectively.
On the other hand, the new cryptocurrency, Privatixy Token (PXP), will tap into the unique potentials of Web3 to boost data security and user privacy, inducing more enthusiasm to explore more crypto projects.
Visit these links below to learn more about Privatixy Token (PXP).
Privatixy Token (PXP)