- Bankless sees GameFi as a platform capable of aiding the widespread acceptance of NFTs.
- Bankless in its report, hinted that it created the list for investors to keep an eye on them.
Amidst the prevailing bear market, popular crypto finance platform, Bankless, has highlighted several digital projects capable of bringing maximized profits in the next bull run. Bankless in its report, hinted that it created the list for investors to keep an eye on them. According to the platform, it remains optimistic that the crypto industry will bounce back from its lingering downturn.
Bankless features layer_2 scaling platforms, DeFi projects, and Web3 social protocols in its list
Notably, layer-2 Ethereum scaling platforms Arbitrum and Optimism (OP) made the list of the projects tipped by Bankless to boom in the next bull market. According to the crypto finance platform, it has continued to monitor the path of those projects, particularly Arbitrum, which is posed to launch its native token soon.
Bankless further mentioned Cosmos (ATOM), an interoperable blockchain project as another to boom soon. The platform, in its report, maintained that ATOM possesses the tendency to grow rapidly. This, as reported, is not unconnected to its numerous upgrades and projects lined up in the near future. ATOM aims to integrate another major upgrade in January 2023 to strengthen and streamline its network’s security.
Worth noting that the decentralized finance sector also made the list. Bankless says it is keenly monitoring the sector. According to the crypto finance platform, the DeFi sphere is poised to witness a resurgence by late 2022 or early 2023, owing to the increasing expansion of options protocols and DeFi for NFTs.
Bankless added that options protocols enjoy considerable momentum. As revealed, the protocols, particularly Dopex, Lyra, and Premia, usually benefit from the increased capacity availed by layer-2s. Notably, Bankless predicts the growth of these protocols in the next future, “as options become a more significant part of crypto market structure.”
Interestingly, Bankless also tipped Web3 social platforms as projects capable of witnessing huge growth. According to the crypto finance platform, these platforms tend to grow owing to their unwavering resistance to censorship. It wants investors to keep an eye on protocols like gm.xyz, Lens, as well DeSo in the coming months. Worth noting that DeSo runs as a layer-1 platform, “specifically designed to host blockchain-based social applications.”
Lastly, the platform recognized crypto gaming platforms (GameFi) as another sphere with remarkable potential. Notably, it acknowledges the milestones recorded in GameFi courtesy of play-to-earn games like Axie Infinity, STEPN, and Sweatcoin. Bankless sees GameFi as a platform capable of aiding the widespread acceptance of NFTs.