Crypto markets are still experiencing the fallout from the likely collapse of FTX, one of the largest crypto exchanges out there. While we are in a bear market, there are always projects that are pumping. Three very promising projects for November 2022 are Arweave (AR), Orbeon Protocol (ORBN) and OKB.
Arweave (AR)
Arweave is a decentralized platform that lets users store data indefinitely. Founded in 2017, it is described as “a collectively owned hard drive that never forgets.”
The key to Arweave’s success is its use of “block weaving”, a variation of blockchain tech where each block is linked to both the one immediately prior and also a random earlier one.
Arweave says that this incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards. This model allows for very high scalability and efficient storage.
In addition, Arweave utilizes its native token AR, to pay “miners” to indefinitely store data on the network. As a result, Arweave can provide a robust and reliable service for data storage that is censorship-resistant and highly scalable.
Due to its innovative tech and use cases, Arweave has the backing of crypto venture capital. In 2020, Arweave received $8.3 million in funding from investors Andreessen Horowitz, Union Square Ventures and Coinbase Ventures.
Moreover, Instagram recently announced it would use Arweave for the storage of their own NFTs. The token shot up 50% after the news, and it could go even higher!
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is a crypto venture capital and crowdfunding platform that is looking to democratize investing in early-stage startups.
Orbeon Protocol uses fractionalized non-fungible tokens (fNFTs) to represent ownership in a given startup. These fNFTs are then sold to investors through crowdfunding campaigns on the Orbeon platform.
The use of NFTs allows Orbeon to offer a number of unique benefits to both startups and investors. For startups, it provides a new and innovative way to raise capital. And for investors, it gives them the ability to invest in a wide range of early-stage startups with a relatively low amount of money, only $1.
Orbeon Protocol uses blockchain technology to revolutionize the way businesses are funded and operated. It is built on the Ethereum blockchain, which provides a secure and transparent way to invest in startups. For example, when a startup doesn’t reach its funding goal, investors are automatically refunded by the smart contract (fill or kill mechanism).
Due to its focus on safety and accessibility, Orbeon Protocol could revolutionize the venture capital industry. ORBN is currently in its pre-sale, selling for $0,009. Experts believe that the token could 100x in the coming months!
OKB
OKB is a utility token that was created by the cryptocurrency exchange OKEx. It has many uses, including paying transaction fees on the OKEx exchange, voting on platform decisions, and participating in other OKEx ecosystem projects.
OKEx is comparable to Binance in various ways, but there are distinct discrepancies between them. OKEx has its own cloud mining service and caters more towards options trading for users. On the other hand, Binance aims to offer diverse crypto services to people worldwide.
Recently, OKB shot up 25% after the company opened offices in the Bahamas. Now that it’s under a more favorable jurisdiction, the exchange could grow even faster and the OKB token with it!
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
