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Solana and Filecoin recently announced a partnership to devise a blockchain storage solution. Filecoin integration allows third-party dapps to access Solana's block history.
Blockchain experts say the move will help improve the redundancy and scalability of Solana's dataset. This collaboration could pave the way for new ideas in the developer community.
The potential consolidation has turned the crypto community's attention from investing in spot Bitcoin ETFs back to the altcoin sector. So far, interest in altcoins is growing, with InQubeta (QUBE) pre-sales exceeding his $10.4 million.
The platform was announced last year and helps AI startups find investors. Its model is powered by Ethereum and carefully screens startups to check how well they fit into InQubeta's vision. As InQubeta has made rapid progress, it has also given stiff competition to older altcoins like Cosmos (ATOM) and Monero (XMR).
InQubeta and AI startups
InQubeta opens a world of opportunity for AI startups. With its services, InQubeta helps innovators build scalable economic models for their projects with guidance from AI industry veterans and seasoned experts.
The platform has created a native coin, the QUBE token, exclusively for its ecosystem. Cryptocurrency is not only used for transactions, but also facilitates platform governance.
A year after its launch, few new altcoins can match InQubeta's success. Analysts attribute the consistency of its performance to the deflationary model of his QUBE token.
Most asset categories are subject to market ups and downs. For InQubeta, a deflationary model protects assets from inflation and volatility by limiting supply. Because it is difficult for buyers to obtain tokens, their value increases even during market downturns.
In the coming months, the InQubeta team will announce new initiatives to grow the platform's user base. The first such initiative is a staking dapp to popularize the service. Another project the team is working on is listing the QUBE token on a centralized exchange.
Hackathon part of Monero's Prague event plan
Monero is a privacy-centric crypto platform for making secure online transactions. The proof-of-work platform has created a special token for transactions: XMR.
The annual Monero Konfrenco, held in Prague in June, brings innovators together on a common platform for discussion and insight into privacy-first technologies.
The platform also hosts hackathons where developers have to build dApps using Monero code and features, and developers can earn exciting crypto rewards for their efforts.
Cosmos Hub fork GovGen decided to launch
Cosmos allows developers to create and easily scale dapps with a network of interoperable blockchains. Its native token, ATOM, is one of the best altcoins of 2023 and is rising even higher this year. Cosmos is busy resolving interoperability issues.
It leverages the Inter-Blockchain Communication (IBC) protocol and guarantees nominal gas fees and transaction rates as low as 500ms.
Cosmos has been in the news lately thanks to GovGen, a blockchain created for decentralized governance that is a fork of Cosmos Hub. Reports suggest that the operation of the AtomeOne network could be decentralized.
GovGen holders will be able to vote on proposals regarding AtomeOne’s tokenomics and chain parameters.
Cosmos co-founder Jae Kwon recently stated that Cosmos can facilitate the use of governance tokens in blockchain development.
conclusion
Given their potential to drive financial inclusion, InQubeta, Cosmos, and Monero are great choices for investors. These cryptocurrencies can offer multiple ways to earn passive income, including staking and participation incentives.
These platforms are democratizing DeFi for different user groups. Cosmos and Monero traditionally served developers and cryptocurrency users, respectively, but InQubeta will back his AI startup.
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