This week, VeChain (VET) announced a major partnership with Boston Consulting Group, Collateral Network (COLT) announced the launch of its presale, and Ethereum (ETH) continued to roll out its Shapella update.
Collateral Network, the world’s first web3 peer-to-peer lender, is looking like a steal at the moment. The token’s price is $0.01 but has been tipped to surge by 35x in the coming quarter.
Let’s take a closer look at each of these stories.
Collateral Network (COLT)
Collateral Network is an innovative web3 challenger lender that uses the advanced capabilities of blockchain technology to reshape how borrowers can use off-chain assets to obtain crypto loans. With Collateral Network (COLT), the days of slow, cumbersome paperwork and credit evaluations are a thing of the past, as it makes obtaining loans faster and more efficient than ever.
To join this modern lending experience, borrowers simply need to possess a valuable item that can serve as collateral for the loan. What Collateral Network does next is quite remarkable: COLT token mints an NFT that represents the physical asset being used as collateral for the loan.
The NFT is broken down into smaller segments (fractionalized NFT). Collateral Network’s approach enables various lenders to fund individual loan segments, making it easier and quicker for borrowers to secure financing. This way, Collateral Network also opens the lending industry to a new class of investors.
This month, Collateral Network announced the launch of its presale, with the current price of COLT at $0.01 per token. With a chance to grab a foothold in the $8+ billion lending industry, the COLT token price is expected to rise significantly (3500%) over the coming months.
VeChain is a blockchain-as-a-service (BaaS) provider offering tools and services to enterprises across multiple industries. VeChain has been successful in this regard, with the likes of PWC, Walmart China, and BMW using their services.
VeChain took this one step further this week by partnering with the renowned consulting firm Boston Consulting Group (BCG). The two entities will collaborate to bring blockchain solutions to BCG’s clients. This is yet another testament to VeChain’s ability to provide blockchain solutions to enterprises.
VeChain’s platform is designed to be highly scalable, and it uses a unique two-token system to ensure its value is stable and predictable. The first token, VET, is used to power the VeChain (VET) network, while the second token, VTHO, is used to pay transaction fees on VeChain.
We expect to hear more from VeChain (VET) in the coming weeks and months as they continue to progress in the enterprise space.
Ethereum, the silver rival to Bitcoin (BTC) ‘S gold, is on the verge of unveiling its highly-anticipated Shapella upgrade – the latest move set on the Ethereum 2.0 roadmap.
Shapella, a fusion of the twin updates “Shanghai” and “Capella,” works its magic by streamlining ETH withdrawals on the execution layer and fortifying the consensus layer of the Ethereum (ETH) Beacon Chain.
Ethereum validators, the unsung heroes responsible for transaction validation, are in for a treat, as they’ll finally get to pocket their hard-earned rewards. The Shapella upgrade is now set to take place on 12th April 2023, so Ethereum validators need to remain vigilant and stay abreast of any last-minute latest developments.
ETH’s price appears to be basking in the glow of the Shapella upgrade, sparking investor optimism and fueling predictions that the value of Ethereum (ETH) will skyrocket to unprecedented heights before 2024.
Find out more about the Collateral Network presale here:-