TLDR:
- Polygon has partnered with Human Institute and Animoca Brands to launch a palm-based ID verification solution.
- Solana’s TVL has crossed $2 billion for the first time since 2022.
- NuggetRush has entered the last phase of its crypto ICO as it prepares for launch.
Polygon has joined forces with Human Institute and Animoca Brands to introduce a palm-based ID verification solution, enhancing security in the digital space. Meanwhile, Solana’s TVL has surged past $2 billion, signaling the network’s growing adoption and usage. Additionally, NuggetRush is nearing the final stage of its cryptocurrency ICO, attracting attention from investors.
NuggetRush (NUGX) Gains Traction Ahead of Launch
NuggetRush (NUGX) is a play-to-earn gaming platform that blends gold and artisanal mining. Interestingly, its native token, NUGX, doubles as a meme coin and gaming tone.
However, NUGX is different from other meme coins as it has more utility. The NUGX token has GameFi and earning features, which makes it more appealing. Consequently, industry experts have tagged it as the best crypto investment for those looking to diversify their portfolios with promising assets.
Additionally, NuggetRush broadens its scope beyond just gaming to introduce a community-driven NFT marketplace. Here, gamers can trade some of the most trending NFTs. Another feature of the game is NFTs like RUSHGEM, which can be exchanged for real gold. Interestingly, this gold can be delivered to the house of the player.
Currently, in its final blockchain ICO round, NUGX tokens are selling at $0.018. This is the best time to buy the tokens at a favorable rate before the price climbs to $0.020 at the time of listing. Moreover, analysts predict a 50x growth following the listing and launch of NuggetRush. This outlook earmarks NuggetRush as the best cryptocurrency to buy in the crypto market.
Polygon (MATIC) Used for New ID Verification Technology
Polygon (MATIC) has teamed up with The Human Institute and Animoca Brands to create a proof-of-humanity identity verification system. This system will use palm recognition technology to provide a safe and user-friendly Web3 experience.
The system is meant to be non-intrusive and support the creation of a wide array of blockchain applications. This would range from in-chain gaming and DeFi platforms to integration with tangible assets.
Utilizing the Polygon CDK, this system will allow developers to build ZK-proof-enabled Layer-2 blockchains on the Ethereum network. Meanwhile, Polygon’s MATIC has seen a 13.6% price pump on the weekly chart following the news.
Polygon joined the best altcoins in the market as it jumped from a weekly low of $0.8743 to a peak of $1.03. Analysts are forecasting a potential price jump to $2.14 in the next trading sessions.
Solana (SOL) TVL Surpasses $2B for the First Since 2022
Data from DefiLlama has revealed that Solana’s (SOL) TVL has crossed the $2 billion mark for the first time since June 2022. This marks a massive recovery from December 2023, when the TVL was below $1 billion.
Despite this growth, Solana’s DeFi sector is still far from the peak reached during the 2021 bull run. At the time, Solana’s TVL crossed the $10 billion mark. Still, Solana could reach this mark in the coming months as new projects join the network.
Moreover, the increased number of airdrops on the network has attracted lots of users. With the network’s high speed and low transaction costs, more new DeFi projects could launch in the coming months.
At the moment, Solana’s native token, SOL, has dropped 7.2% in the past week from a 7-day high of $118.32 to a low of $104.80. The token joins the altcoins that have lost their gains in the past week.
Conclusion
While the Polygon and Solana networks are expanding, NuggetRush is gearing up for its upcoming launch in the next few weeks. NuggetRush has been predicted to be one of the best DeFi projects in the crypto space after its launch, thanks to its immersive game.
