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In 2022, Elrond Network rebranded as MultiversX, pivoting towards the metaverse sector. This shift expanded their product portfolio to include a series of new projects, supporting multi-dimensional interoperability across DeFi, NFTs, DAOs, and cross-chain capabilities.

Elrond is a blockchain platform capable of processing transactions at high speeds, and it provides security for the network by utilizing the Proof-of-Stake (PoS) mechanism.

Hatom is a DeFi ecosystem on MultiversX, offering lending, borrowing, liquid staking, a native stablecoin, and more to shape the DeFi landscape.

Unlike the indiscriminate pumps of 2021, the market now rewards careful token selection and active investment management. This shift towards fundamentals in a broad sense reduces the likelihood of making quick fortunes by luck, which ultimately strengthens the market's maturity.

Metaverse cryptos are exciting to explore. With the crypto ecosystem gaining momentum in 2024, here are some metaverse cryptocurrencies that should be on your watchlist for the year.

Bittensor is a crypto and AI narrative project aimed at democratizing the construction of artificial intelligence use cases through an open P2P marketplace. The Bittensor ecosystem comprises 32 subnets, attracting numerous prominent teams and projects. Its DeFi ecosystem is also rapidly expanding, encompassing applications such as staking, token sales, and lending, and involving multiple subnets in the DeFi space, such as liquidity staking, borrowing, and perpetual DEX. This underscores its genuine potential for growth.

As one of the earliest exchanges to implement Proof of Reserve, Gate.io once again upgrades its Proof-of-Reserve solution using zk-SNARK technology. This article will guide you through how to use the open-source technology provided by Gate.io to verify the security of your exchange assets and personal assets on your own device.