Crypto has penetrated virtually everywhere. And although awareness of blockchain technology may not be universal yet, especially for older generations, cryptocurrency startups are constantly dishing out alternatives to traditional services like investment and entertainment. Projects like Moshnake (MSH), the Sandbox (SAND), and Synthetix (SNX) are already doing quite well concerning that.
However, one can easily get lost in the ups and downs of the volatile cryptocurrency market and the hundreds of cryptocurrencies available for purchase on the exchange. These necessitate finding the projects that stand out.
This article will explore three seemingly potential projects: Moshnake (MSH), the Sandbox (SAND), and Synthetix (SNX), to show why they might make sense for you.
A Classic Game Coin: Moshnake
Moshnake (MSH) is a P2E-based NFT game currently under development. The popular “Snake” mobile game from back in the day inspired the Moshnake creators to build a platform where users can enjoy the old game again while earning money.
The game simply requires players to direct their Moshnake NFTs to eat the various eggs and in-game NFT collectibles that are dispersed throughout the arena. Players can also battle with other players’ snakes in the battle royale arena.
It has two tokens, Venom (VEN) and Moshnake (MSH). VEN will support gameplay, while the Moshnake Token (MSH) will serve as the foundation for all activities within the gaming ecosystem.
The project has started a presale to raise money for its ambitious goals. The MSH token is currently available in its presale for a fraction of its potential future value.
The Sandbox and its Content Economy
The Sandbox’s input to the crypto industry is to offer a virtual hangout spot where users can escape to, for entertainment, relaxation, interaction, and earning.
The Sandbox (SAND) is a P2E gaming platform that combines blockchain technology, DeFi, and NFTs in its virtual world. Players can use the platform’s design tools to build and customize their own games and digital content, which can be sold as NFTs and exchanged on The Sandbox Marketplace for SAND tokens.
SAND is the platform’s native token which serves as the basis for all interactions and transactions in the ecosystem. This means that in order to play the game, personalize your avatar, purchase LAND, or trade assets on the Sandbox Marketplace, you must own SAND. It also gives holders the right to contribute to the platform’s governance.
Synthetix for Synthetic Assets
Synthetix (SNX) is a blockchain protocol that makes it possible to issue synthetic assets (Synths) on the Ethereum blockchain. Synthetix allows investors to access synthetic assets like precious metals (gold and silver), synthetic cryptocurrencies, synthetic inverse cryptocurrencies, synthetic cryptocurrency indexes, and synthetic fiat currencies.
The Synthetix platform introduces non-blockchain-based assets to the cryptocurrency ecosystem, developing the financial market. You can hold and trade Synths as though you actually own the underlying assets because they use decentralized oracles, which are smart contract-based price discovery protocols, to track the prices of the assets represented. In this way, synths expose the average investor to assets that they would typically be unable to access.
Synthetix’s native token (SNX) provides collateral against Synths that are issued. This means that investors must buy the token to access synthetic assets.
While there are many cryptocurrencies in the market, Moshnake (MSH), The Sandbox (SAND), and Synthetix stand out among the crowd. Moshnake offers access to the good old classic snake game, The Sandbox allows users to create and monetize their creation, while Synthetix allows users to access synthetic assets.
However, Moshnake is still in development and could launch with a bang like the other projects in this article. Check out their website to learn more about it.
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