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Best cryptocurrencies set to explode in 2023 – EOS, The Sandbox, Collateral Network

EOS’ EVM reveals itself to be secure and fast, and goes open source to show their commitment to the crypto ethos of decentralization.The Sandbox encourages devs to build more games, and partners with artist Steve Aoki.

Collateral Network, an exciting new player and concept in the decentralized borrowing and lending space, offers a totally new way to borrow and lend money privately and securely.

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EOS’s EVM is one of the most bug-free Ethereum Virtual Machines, according to Sentnl.io

At the end of April EOS proudly announced that they made the code of EOS’s EVM open source. Whilst they note that this is not unique to EOS, they want to highlight that it shows their commitment to transparency and collaboration.

This is fast work, since their EOS EVM was only released on the 14th of April, making them interoperable with all Etherum based blockchains, and increasing the speed and lowering transaction fees for developers.

According to EOS’s CEO Yves La Rose, EOS swaps on the testnet are running at a tps of 800+ per second, which they claim is 25x faster than Avax and 3x faster than Solana. La Rose isn’t the only one singing EOS’ EVM praises at the moment, as Sentinel’s top bug and bounty hunter couldn’t find any security issues at all. Sentnl.io founder Charles Holtzkampf said, “We’ve audited so many EVMs in our time & this was the first EVM we’ve ever audited where we’ve found no bugs”.

Steve Aoki and The Sandbox – making the metaverse trendy again

Despite a pullback in the metaverse and gaming sectors of crypto,The Sandbox is going from strength to strength, with lots of exciting looking games in development, being shared on Twitter.

The Sandbox’s latest effort to encourage devs and stay relevant includes the Steve Aoki Game Jam. Developers and game makers on The Sandbox are encouraged to impress the famous artist and DJ with “a game that explores the madness inside his head!” 50k of $SAND tokens are offered as prizes, equivalent to around $25k as of time of writing, plus the chance to be included in their Game Maker Fund.

The Sandbox paying attention to safety and commercial customers, as a recent announcement shows; The Sandbox have partnered with the Ledger Enterprise Wallet, meaning that all of The Sandbox’s NFTs can be stored with Ledger Enterprise. This partnership is a move to reassure users about the safety of their NFTs with The Sandbox, and also to encourage crypto education in the metaverse. Ledger plans to reward SAND owners with a custom Ledger Nano because of the partnership.

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Want an asset backed loan or to become your own bank? Collateral Network provides novel solutions

Collateral Network isn’t the first Web3 lending and borrowing platform in existence, as users of Aave and many other DeFi protocols will know. But they do bring something very new and much needed to the market. Collateral Network allow you to borrow against your assets such as vintage cars, diamonds and other luxury goods. This provides extra security not found in traditional blockchain lending platforms, which only allow volatile assets like crypto and NFTs as collateral.

Collateral Network use tangible NFTs to represent the physical assets, and then people who wish to act as lenders can buy fractions of the NFTs. Collateral Network see this as a big positive for those who are worried about holding their cash in stablecoins, a valid concern given the fall of $UST, and the US regulators who have targeted several stablecoins such as Binance’s $BUSD.

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Lenders on Collateral Network also receive a passive income from the rates of interest charged, making this a new way to get crypto passive income unlike say, staking. That said, staking also presents another opportunity for passive income, as holders of $COLT, will be able to do just that.

Collateral Network has already shown market beating gains as COLT is up by 40% from its beta phase. Those purchasing before stage 2 of the presale begins, will get a 40% joining bonus. Furthermore, Collateral Network is predicted to rise past $0.35 once released on major exchanges.