Abdn, a $400 billion asset manager, is tokenizing assets using Hedera. The EOS (EOS) Network Foundation is launching its EVM in April, and Collateral Network is offering a revolutionary way to collateralize and tokenize real-life assets. The token, COLT, has just entered phase 1 of a 10 stage presale with forecasted 35x returns. Let’s take a closer look at what’s going on.
Hedera (HBAR) Hashgraph on the rise
As a premier blockchain project, Hedera Hashgraph is embraced by leading companies like IBM and Ubisoft. With big investors, including Boeing HorizonX Ventures and Tata Communications, and $134m raised, Hedera Hashgraph is one of the biggest rivals to ETH.
Hedera is a layer-1 blockchain that uses a technology known as asynchronous Byzantine fault tolerance (ABFT) technology. It was created by Leemon Baird, who invented the hashgraph technology that powers Hedera’s network.
Hedera Hashgraph is significantly faster than other layer-1 networks like Ethereum and BNB Chain. That’s probably why Abdn, one of the biggest financial services companies worth over $400 billion, is now tokenizing financial assets on Hedera Hashgraph, such as real estate and art. Partnering with Corp Stage to create a verifiable and auditable ESG reporting platform, makes Hedera an important player in industries like DeFi and NFTs, particularly for institutional investors.
This gives Hedera’s price, currently trading at $0.062803, room to grow and keep it on the rise continuously, with the next key level to watch at $0.10.
EOS (EOS) Blockchain ahead of April’s EVM launch
The EOS (EOS) Network Foundation has made a lot of effort recently and plans for a consensus mechanism upgrade, an Ethereum Virtual Machine (EVM) system, and an overall renewed growth strategy. The EVM mainnet launch is dated for April 14. Updates and developments are planned for the weeks and months to come.
EVM compatibility is essential to provide potential to approach more Solidity developers and users to the ecosystem. A grants program has been incentivized and will support developers based on criteria, up to $50,000. Network upgrades, grant programs, and interoperability could ultimately lead EOS (EOS) price to soar according to experts.
All eyes on Collateral Network (COLT)
With the democratization of things comes access to loans and credit. Collateral Network offers exactly that. The Web3 lending platform plans to revolutionize lending with NFTs.
On Collateral Network (COLT) borrowers can enjoy peer to peer loans with much faster turnaround than on traditional lending routes. This is made possible by using their physical assets as collateral, and minting them as fractionalized NFTs.
Lenders can fund the loans by purchasing the NFT fractions, earning them interest while borrowers receive their loan within 24 hours.
The main advantage for COLT token holders is that the more they hold, the better interest rates and trading fees they get. This also goes for lenders; the more COLT a crowdlender holds, the better discounts they get. COLT also has staking options and will provide access to auctions.
With this promising business model, COLT is predicted to increase by 3500% in the not-too-distant future.
Find out more about the Collateral Network presale here:
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