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The top 10 Venture Capitals funding crypto projects

10 crypto Venture Capitals you should know

The crypto world’s growth in recent years has been supported financially by venture capital funds. So, how do they work? Which are the main ones?

In 2021, the crypto sector raised huge funds from corporations and venture capital companies. Due to the loose monetary policy and the economic crisis caused by the pandemic, the shareholders’ tendency has been towards high-risk but high-potential sectors such as crypto, the Metaverse and Web3. However, in 2022 investments dropped by 35 per cent compared to 2021, to around USD 415 billion in the last year, the recession has driven away investors more accustomed to risk, and this is likely to be the trend in 2023 as well. But what are venture capital funds in the crypto world and how do they work? 

Crypto Venture Capital: what it is and how it works 

Venture capital funds are funds or companies dedicated to the high-risk financing of activities in innovative sectors with high development potential. The business ideas financially supported by them are generally in the early stages of development as in the case of start-ups, operate in technological fields and offer cutting-edge services, and are characterised by high financial and operational risk. Some Venture Capital companies or funds specialise in funding crypto projects.

How does a Crypto Venture Capital fund work? Be it a standard or a Crypto VC, it all starts with a group of investors deciding to fund the growth of a newly founded company with their own money, expecting it to multiply their profits soon. In terms of venture capitals, the extent of the risk is directly proportional to the profit if the business is successful. 

Venture Capital Investment Stages

Venture capital funding can take place at different moments in a start-up or business development.

  • Pre-seed :The project is at a very early stage – often no more than an idea – and the initial financial backing comes from family and friends.
  • Seed round:The project is testing its feasibility. This stage includes a potential market and competition analysis, as well as the development of a product that can generate revenue.
  • Series A :The project has passed all initial checks, is growing and is supported by a strong community. Investments at this stage are beginning to become less risky for investors.
  • Series B :The project has a large user base and is expanding. The investment focus is no longer directly on services and products but instead on marketing, sales, human resources, business development and customer service – all areas that can enhance the project’s growth. The business is normally in the scale-up phase at this point.
  • Series C: When a venture capital firm decides to invest at this stage, it means that the project is now commercially viable and is focused on expansion into new products or international markets.

The top 10 Crypto Venture Capitals

So, which are the 10 crypto Venture Capitals you should know? 

1. a16z – Andreessen Horowitz

Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz, known as ‘a16z’, is a Californian venture capital firm with a special interest in crypto start-ups and the Web3. Currently, a16z has stakes in many of the leading cryptocurrency companies such as Compound, Phantom, Lido, MakerDAO, Yield Guild Games and many others. 

2. Fenbushi Capital

The name ‘Fenbushi’ comes from the combination of the Chinese words: ‘fen’ meaning ‘dust’ and ‘bushi’ meaning ‘warrior’ and is intended to describe Venture Capital as an army of blockchain warriors. Fenbushi Capital was founded in 2015 by Bo Shen and Vitalik Buterin, the co-founder of Ethereum. Who as of 2018 no longer works full-time on the project but plays the role of advisor. Among the Chinese fund’s investments are crypto companies from around the world, including blockchain firms Flow and Kusama, analytics and research firm Messari, and USDC stablecoin company Circle. 

3. Jump Crypto 

Jump Crypto is a section dedicated to the development of Web3 services and infrastructure of the Chicago-based Jump Trading Group. Some examples of the crypto companies in which Jump Crypto has invested are Acala, a parachain of Polkadot, Amp, Chiliz and Solana. 

4. Framework Ventures

Framework Ventures claims to be “the reference system for the global transition to decentralised technologies”; it was founded in 2018 by Alex Kolicich and Jake Medwell and its goal is to foster and accelerate the development of Web3 projects. This crypto Venture Capital fund also invests in companies developing systems for artificial intelligence, and for the Internet of Things. Among the various crypto projects it has financed are Aave, Optimism and The Graph.   

5. Paradigm 

Among the top 10 Crypto Venture Capital funds is also Paradigm, an investment company that specialises in crypto and Web3. Paradigm supports ‘disruptive’ projects with funding from a minimum of USD 1 million to a maximum of USD 100 million. “Every now and then a new technology comes along that changes everything. The Internet has defined the last decades of innovation. We believe cryptocurrencies will define the next decades” – which is precisely why Paradigm has chosen to help blockchain projects reach their full potential. Cosmos, dYdX, Optimism are some of the projects that have been funded. 

6. Multicoin Capital

Multicoin Capital has been active since 2017 and considers itself a pioneer of token-based economic models. The fund was created with the aim of devoting itself entirely to the crypto world. As well as owning a wallet composed of different cryptocurrencies, it is involved in funding blockchain-based projects from the seed stage, with a focus on the more technical aspects of the sector. Multicoin has funded Audius, Solana and The Graph. 

7. Pantera

Pantera is an American Venture Capital fund that has been funding blockchain companies since 2013. It is one of the longest-running funds in the industry, when it was launched Bitcoin was only worth $65! Pantera has invested in 1inch, Ankr and Ripple. 

8. Draper Associates

Draper Associates is a historical Venture Capital firm that has been operating since 1985. The fund focuses mainly on companies in the early stages of their development. After having contributed to the success of companies such as SpaceX, Draper Associates has also opened up to funding crypto companies. 

9. Polychain

Based in San Francisco, Polychain is one of the leading Crypto Venture Capital funds. The Polychain team values ‘long-term vision, combative intelligence, a data-driven and open-minded mentality and humility’. Polychain has funded Ava Labs, Celo and NuCypher. 

 10. Animoca Brands

Animoca Brands is the leading VC fund in the field of the Metaverse and digital entertainment. It has funded the Web3 projects Axie Infinity, Splinterlands and The Sandbox. 

All in all, crypto VC funds work like traditional VCs. The crypto sector, however, brings its own peculiarities – being a young market, processes and funding are often flexible. Most crypto projects are funded in the pre-seed and seed stages via ICOs and IPOs, Crypto Venture Capitals generally come in at the A and B stages. This is the case for Dune Analytics or Palm NFT Studio.

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Illuvium, the space ‘Pokémon’ are waiting for you: catch them all!

Illuvium, the Pokémon-style crypto game on Immutable X

Illuvium is a Pokémon-style play-to-earn video game. Explore the alien planet, capture the Illuvials and discover their secrets!

A vast and wild alien world to explore with your jetpack and scout drone here is Illuvium, the crypto game that has nothing to envy of off-chain games! Built with the Unreal Engine 5 graphics engine, Illuvium features excellent graphics quality that catapults you to a planet inhabited by Illuvials, creatures of unimaginable power that can be domesticated. Illuvium is based on the Immutable X blockchain, which specialises in play-to-earn video games thanks to its low fees and speed. The planned release date for the open beta is late 2022. Want to know more? Read on to learn what Illuvium Pokémon-like crypto game on Immutable X is all about!

Illuvium’s story and gameplay

Illuvium is an as yet uncharted alien planet inhabited by some strange creatures, the Illuvials. In the game, your character is a space explorer stranded on Illuvium with your team after responding to a distress signal. The landscape before you is a boundless environment with many different ecosystems, often subject to extreme weather events such as storms and hailstorms. The planet emanates a mysterious radio signal that disables spaceships but at the same time turns animals into Illuvials, giving them almost divine powers.

Together with the other explorers, you decide to become a Ranger and capture Illuvials using Shards – items created from materials found on Illuvium, and used to capture the creatures and tame them so they can be used in combat, the main part of the game’s gameplay. Basically, every captured Illuvial becomes an NFT in your wallet! But besides fighting, you can do a lot more with your Illuvials.

​​If you want to enhance your creatures, you can trigger a Fusion between three of them to create a second-level Illuvial. Fusing three second-level Illuvials creates a third-level Illuvial, the top level. Since these creatures are NFTs you can either use them in your adventures or sell them for ETH on Illuvium’s decentralised exchang IlluviDEX. Besides making your Illuvials more powerful, Fusion makes NFTs deflationary. According to the developers, this system should create an economy that increases in value over time.

Gather resources and build weapons and armours

Illuvials are not the only NFTs you can trade for ETH. The planet of Illuvium is rich in resources that you can sell in exchange for crypto on IlluviDEX. With your jetpack and scout robot, you can explore the vast 3D world without limits! In fact, your futuristic technology allows you to glide over gorges, or perform double jumps to reach the highest peaks. Exploration is a fundamental element of Illuvium’s gameplay and the developers are working to make it dynamic and fun.

Among the most valuable resources are the minerals, which you can use to build weapons and armour for your character. Your explorer fights alongside your Illuvials in battles, and the weapons determine their role in the fight. Choose a plasma rifle to make them a sniper, or equip them with energy blades and let them throw themselves into the fray! To prevent them from being easily defeated you can also build armours that increase their hitpoints and make them harder to take down. Of course, you can also choose to sell weapons and armour in exchange for ETH on the Illuvium exchange.

The second type of resource is Illuvium’s flora. Your scout drone can collect alien flowers and fruits, which are indispensable for creating special potions and jewellery. Potions are used to support your Illuvials during combat. You can use them to heal wounded creatures, or to make them temporarily stronger. Jewellery, on the other hand, can be applied to your weapons and enhance the Illuvials around you. These items are also NFTs, and can be conveniently traded for ETH on the IlluviDEX.

Resources can be refined by building technological facilities directly on the planet. To do this, you first need to buy LAND. There are 100,000 LANDs, and during the first pre-sale that began on 2 June, 20,000 have already been sold. Considering that it will be crucial to refine resources in the play-to-earn videogame, owning LAND will play a very important role in the Illuvium universe!

Train your Illuvials and fight!

Combat is at the heart of Illuvium’s gameplay. Although exploration is a very important aspect of the crypto game, Illuvium remains an autobattler. Your task is to build a balanced team of Illuvials by exploiting their strengths and minimising their weaknesses, just like in Pokémon. Illuvials are in fact divided into classes and can have elemental affinities.

There are five classes of Illuvials. The first are Fighters, who are versatile and attack using claws and fangs. Bulwarks are very resistant and have high defences, making them perfect as tanks (in a nutshell, they are suitable for staying in the front line and protecting less resistant comrades). Rogues, on the other hand, are not very resistant, but their attacks hardly miss their target and they can easily eliminate already weakened enemies from combat. Psions are Illuvials with psionic powers and have special abilities that weaken enemies at a distance, they can also monitor the battlefield with telekinesis. Empaths, on the other hand, are back-up Illuvials and can heal and protect the team from the back. 

They also have 5 elemental affinities. Air Illuvials are agile and difficult to hit. Earth Illuvials are tough and difficult to knock down. Fire Illuvials hit hard and their offensive special abilities are more powerful. Water Illuvials can use their special abilities more often. Nature Illuvials, on the other hand, have natural regenerative abilities.

Affinities and classes can become stronger during a Fusion, or even combine to create hybrid Classes and Affinities! For example, fusing three Earth Illuvials will create an even stronger and more imposing Granite Illuvial. Conversely, merging a Fire Illuvial and an Air Illuvial will give your creature the Electric affinity. Ready to get your crypto Pikachu?

When creating your team, always keep an eye on their Affinities and Classes: the more members of your team have these two aspects in common, the more advantages your Illuvials will have. Conversely, putting opposite Affinities together will give your beasts disadvantages, so be careful!

Illuvium’s Tokenomics 

Illuvium is a play-to-earn video game, where everything you gain – Illuvials as well as raw resources – has value outside of the game. You can buy and sell all your NFTs in exchange for ETH on IlluviDEX. All trading among players is done with ETH and the fees end up in the Illuvium Vault, the game’s treasury. 

ILV is Illuvium’s proprietary crypto. You cannot trade with other players using ILV, but you can purchase special items directly from a computer-managed market, such as the Shards needed to capture the Illuvials, or cosmetic items such as costumes and jewellery, which do not directly impact Illuvium’s gameplay. ILV’s primary use is as a utility token. For instance, you can use it to vote on community proposals and utilise it as a classic governance token. In this way, Illuvium’s development follows the path the crypto world wants, without changes and modifications imposed ‘from above’. 

Staking is ILV’s second use. Whoever holds this token can stake it from a minimum of one month to a maximum of twelve months directly on the Illuvium site. ILV staking’s special feature is that the rewards can be received in two different ways of your choice. If you choose to receive the classic token, you will have to wait a vesting (i.e. lock-in) period of 12 months before you can sell it. Alternatively, you can choose to receive a synthetic token, sILV. This token is pegged to ILV, but can immediately be used in-game to purchase Shards or cosmetic items.

When Illuvium will be released, ILV owners will get additional rewards directly from the Illuvium Vault. The game developers, in fact, will not earn anything from the marketplace fees: all revenue will end up in the wallets of people who had staked their ILVs. This will allow the community that has believed in the crypto game to earn money and continue to increase the value of the game.

When will Illuvium be released?

Illuvium’s roadmap is going full steam ahead, and the closed Beta phase is already available for the lucky ones who have been selected. In the coming months, there will be an open Beta phase in which everyone will be able to try out the crypto game. Judging by the videos released directly by the developers, Illuvium is already well underway, with only the finishing touches remaining. Given that the LAND sale which took place on the 2nd of June 2022 was a success, the developers of Illuvium themselves must have geared up to let the public try out their game!

So, the Pokémon-style crypto game on Immutable X, Illuvium, is coming soon. According to its founder Kieran Warwick, a videogame of this kind is set to last at least 10 years, thanks to its deflationary economy and the updates already planned by the development team. Will Illuvium succeed in conquering the crypto world with its gameplay and innovations, or will it be unable to undermine the primacy of other play-to-earn video games such as DeFi Kingdom and Axie Infinity?

This is the 3rd in a series of articles covering the world of crypto gaming and blockchain games. Follow us to stay updated on the most exciting crypto games of 2022!

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Star Atlas: a galactic DAO!

Star Atlas announces the launch of its DAO

Star Atlas, the highly anticipated play-to-earn video game on the Solana blockchain, announces its DAO and a revamped marketplace

Star Atlas is a play-to-earn video game being developed on the Solana blockchain.

The team on 22 July 2022 announced the launch of its DAO , on Twitter, within the community space 426LIVE. The decentralised autonomous organisation of Star Atlas will use the POLIS token as its governance token.

“I am excited to announce the launch of the platform that will give users the opportunity to participate in the governance of Star Atlas in the future through the mechanisms of the DAO,” said Michael Wagner, the CEO of ATMTA (lead developer for Star Atlas) and co-founder of the metaverse.

The political nature of Star Atlas

By its very nature, Star Atlas is a game of conquest: players, regions and factions fight for dominance of the galaxy and control of resources. With the DAO of Star Atlas, the community will finally get the tools to make its voice heard and be able to determine the future development of the play-to-earn video game.

The noun POLIS, which in ancient Greece defined a form of government, retains its meaning of participation in community life. The amount of POLIS tokens one possesses will in fact determine the amount of ‘political rights’ one will enjoy within the Metaverse. These rights will be used to vote on proposals vital to the development of the project but also to control the institutions of the galaxy and, in general, aspects internal to the dynamics of the game.

The development team aims to gradually increase the truly political elements within the metaverse, with players being able to propose motions and vote on universal measures in the future. The final step is to make Star Atlas an immersive simulation of a political system, in which the different factions will be represented in the form of planets and solar systems. This feature will allow players who are passionate about politics to engage in discussions and negotiations that will define the future of the Star Atlas metaverse.

The POLIS token

The Star Atlas metaverse is based on two main tokens. The ATLAS token is responsible for providing liquidity to the game, allowing players to receive value for the goods and services they provide to the ecosystem. It is the POLIS token, however, that grants those who hold it decision-making power in the metaverse; the more POLIS you hold, the more influence you will have on political decisions at all levels: at the macro level for the entire DAO of Star Atlas, and at the micro level for factions and regions. You can already block your POLIS in the governance protocol: the voting power of each player’s ‘PVP – POLIS Vote Power’ will be determined not only by the amount of tokens, but also by the time for which you decide to lock them.

By locking POLIS in the dedicated Dapp, users receive POLIS with voting rights, also called vePOLIS, which are neither transferable nor exchangeable.

For example, blocking a POLIS token for six months grants one vePOLIS, while a five-year block grants ten vePOLIS.

This model is aimed at favouring community members with a long-term vision, who will be willing to lock up their POLIS in exchange for political power.

The revamped marketplace

Another point on which the team has been working is the Galactic Marketplace. The first version was released in August 2021, and in recent months many improvements have been made, especially with regard to decentralisation.

Unlike many other play-to-earn games built on other blockchains, the transaction load on the marketplace will be fully managed on-chain, which will be possible thanks to Solana’s ability to process up to 65,000 transactions per second.

All that remains is to wait for further updates from the team on the official release date of the game, which, given the premise, could be the gaming metaverse event of the year.

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Stellar experiments with DeFi, aiming for financial inclusion

DeFi on Stellar: new smart contracts and Moneygram

Thanks to DeFi, Stellar wants to make the digital economy accessible to all, with new smart contracts and integration with Moneygram

Decentralised finance on Stellar is to all intents and purposes a novelty. Since its foundation, the peer-to-peer network for payments had never integrated smart contracts. However, things have now changed and the network is preparing to offer DeFi services and solutions. Discover the new smart contracts, Moneygram and DeFi on Stellar!

It’s smart contract time for Stellar!

Stellar‘s blockchain was launched in 2014 (shortly before Ethereum) with the ambition of improving the payment system that Bitcoin already offered in terms of speed and affordability. At the time, smart contract technology was in its infancy and did not seem useful for achieving the Stellar Development Foundation’s goals. Tom Weller, from Stellar’s development team, uses this analogy to explain the initial reluctance in the face of smart contract integration: “Imagine you are in the 1980s (am I a bit old-fashioned?) and you have to do some scientific calculations. Option one is to buy an expensive, slow and buggy PC. Or option two is to buy a fancy, purpose-built, simpler, faster and cheaper TI calculator. In other words, at the beginning of our industry, Bitcoin and Ethereum were more like PCs and Stellar was more like calculators’.

The SDF (Stellar Development Foundation) was very pragmatic. At the beginning of its journey and in light of its early goals, it was not worth working on building smart contracts. Over the years, however, technology evolved and 2021 was the year that Stellar entered DeFi with the introduction of the automated market maker (AMM) functionality in the protocol. With the huge success of this functionality, came the need for decisive growth and innovation for the network. In March of 2022, the SDF announced the development of Project Jump Cannon: native smart contracts for Stellar.

How do Stellar’s smart contracts work?

The strategy is to build smart contracts that ‘enable developers to grow the Stellar ecosystem and create new financial instruments to promote inclusion’, learning from all the innovations and research that has already been done. The cornerstones of Stellar’s smart contracts will be security, scalability and fair access: ‘with smart contracts, we will see more use cases on Stellar that will give more access to the digital economy,’ comments Weller. Project Jump Cannon is named after Annie Jump Cannon, a Harvard scientist whose contributions were essential to the understanding of the universe and the participation of women in science. Currently, the SDF is working on building a smart contract platform according to the WebAssembly model (WASM) also used by Polkadot and Elrond.

Objective No. 1: ‘Financial inclusion’

On 21 July 2022, the Lumen (XML) network reached 7 million accounts. The network is now used in more than 16 countries and handles hundreds of millions of dollars of transactions per year. In 2021 alone, the Stellar network processed more than 2 billion transactions, including 155 million payments. The digital economy that Stellar champions, however, is not yet widespread enough. It is said that the digital economy is for everyone, but who is included in “everyone”? Everyone who has an identity? Worldwide, however, 1 billion people have no official identity. Does this mean everyone who is a participant in the economy at present? One has to consider that 1 in 4 women do not have access to banking services, 60% of workers worldwide belong to the ‘cash economy only’. In light of this data, Stellar proposes to think of simple ways to include all the people who are cut off from the traditional economy into the digital economy. One of these ways is to facilitate the conversion of cash into cryptocurrencies and vice versa, in other words, to facilitate the use of digital money.

Stellar and the integration with Moneygram

To expand global access to cryptocurrencies and decentralised financial services, in January this year, Stellar entered into a partnership with Moneygram, one of the world’s most widely used peer-to-peer money transfer services. For Denelle Dixon, CEO of the Stellar Development Foundation, “the much-needed solution to the problem of switching from cash to crypto has arrived. Today, nearly 2 billion people rely on cash for their livelihoods, with no access to the digital economy”. By using Moneygram on Stellar, you can convert your crypto to fiat currency and vice versa, without necessarily having a bank account or credit card. This facilitates access to digital services for people who only use cash and is at the same time a quick and convenient way to convert crypto for those who routinely use blockchain as a payment system.

DeFi on Stellar is still to be fully built, the turn towards smart contracts will give the project a new face and set increasingly ambitious goals for the network that aims to be a global system for payments. Borderless and open to all! 

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The top 10 crypto news stories of 2022 (so far)

10 crypto news stories from the first half of 2022

The top 10 decisive crypto news stories of the first half of 2022? Discover the list of the most important events in the crypto space (so far)

With a flashback to these early months of the year, we look back at the 10 decisive news stories of the first half of 2022. Crypto is a sector in turmoil, and we have selected the events that have made their mark so far.

1.   The collapse of the Terra (LUNA) ecosystem

One of the events that has had a major impact on the crypto world is certainly the Terra debacle. After what is called the ‘UST depegging incident’, in which Terra’s algorithmic stablecoin lost its dollar peg between the 9th and 10th of May, the network suffered a general meltdown that led Do Kwon to abandon ship and rebuild the project. The collapse came as a shock to the markets and the community. From being considered a top-of-the-line blockchain, Terra lost all its value in a very short time. Before losing the peg, UST was the third largest stablecoin by market cap! The causes of the collapse have not been clearly defined, but it is likely that Terra and LUNA suffered from a number of factors such as the bearish market. On the 28th of May, through a fork, the new Terra 2 network was released. The idea of Do Kwon and the community was to rebuild the ecosystem by sacrificing the weak element, the algorithmic stablecoin. Terra is currently trying to get back on its feet but user trust has not yet been regained, so much so that native dapps are migrating to other networks.

Our article covering LUNA 2.0’s airdrop:

●     Terra 2 arrives, find out how the new LUNA’s airdrop works

2.   Litecoin’s privacy update

After two years of development, the Mimblewimble update was activated on Litecoin‘s network in February 2022. The first altcoin in history is improving its privacy standards with this protocol that determines a new system to manage the storage of information on the blockchain. Mimblewimble adds Elliptic Curve Cryptography (ECC) to Litecoin, a type of cryptography that allows sensitive information to be rendered invisible when transactions are validated and recorded. In addition to the other four types of cryptography, ECC is already operating on Litecoin. Each type of cryptography hides different data such as values, senders and recipients. Litecoin is thus working on privacy at several levels. Mimblewimble also increases the scalability of Litecoin, as the less information that needs to be recorded, the smoother the blockchain will work.

Our Academy article dedicated to the Mimblewimble update:

● Litecoin: the privacy of Mimblewimble

3.   Crypto and the conflict in Ukraine

On the 24th of February, a conflict broke out in Europe that still shows no sign of ending. Two days after Russia’s initial military escalation, Ukraine‘s official Twitter profile posted the address of a wallet with an invitation to donate cryptocurrencies. Aid to the invaded country came via blockchain, with cryptocurrencies proving to be the most effective and fastest way to bring in economic resources from abroad, especially after banking systems were compromised. In fact, to avoid the collapse of their banking system, Ukraine restricted money withdrawals from the early stages of the conflict and subsequently froze them. In less than a month, around 100 million dollars in crypto donations arrived. Ukrainian President Volodymyr Zelenskyy signed a law on virtual assets on the 16th of March 2022, making cryptocurrencies legal in the country. Ukraine has opened a digital museum that will store and sell NFTs documenting the war.

4.   The Bored Ape Yacht Club makes NFT history

The Bored Ape Yacht Club’s sensational year began with the acquisition of CryptoPunks, one of the first NFT collections to become famous for its sky-high prices. On the 12th of March, Yuga Labs bought the intellectual and commercial rights to CryptoPunks and Meebits for a rumoured sum of $200 million. Yuga Labs has thus brought together the most important NFTs on the crypto scene in terms of both popularity and sales. On the 17th of March, ApeCoin made its appearance. It’s an Ethereum token, developed as the key to the Bored Ape Metaverse. Delivering on their promise, within a few months BAYC announced, developed and launched the first demo of Otherside, its metaverse. Its LAND sales exceeded $1 billion. The Bored Ape Yacht Club is attracting entertainment personalities and has infiltrated pop culture, so much so that the first legal battles over the brand and its image are beginning to arrive.

BAYC updates: 

●     Yuga Labs hires NFT expert to breathe new life into Cryptopunks

5.   The Layer 1 blockchain trend: reducing environmental impact

A recurring theme among blockchain initiatives in the first half of 2022 is the reduction of environmental impact. In April, Polygon released its plan to make MATIC a green cryptocurrency, promising that it would become carbon neutral by the end of 2022. Polygon succeeded in its venture back in June. The aim of MATIC‘s network is to make every operation on the blockchain sustainable from smart contract execution to NFT minting. After studying how much Polygon’s network pollutes, it was decided to offset emissions with carbon credits. For the Polygon team, the ambition, hard work, challenges and victories of blockchain will not be decisive without a concrete blueprint for cryptocurrency sustainability. Algorand has also chosen carbon credits, the purchase of which goes to finance projects that combat the emission of carbon dioxide into the atmosphere. On Earth Day (22nd of April), Micali’s blockchain sent an environmental message by disconnecting the electricity in Times Square in New York.

The green side of cryptocurrencies:

●     Young Monday: Pride parades on The Sandbox, Polygon is now carbon neutral and Pharrell Williams’s NFT

6.   The first Metaverse Fashion Week

Among the 10 decisive events of the first half of 2022 features the first Fashion Week in the history of the Metaverse. A virtual version of fashion week took place in Decentraland between the 24th and 27th of March. Etro, Tommy Hilfiger, Dolce and Gabbana presented their digital fashion items for avatars in the Metaverse with exclusive fashion shows and parties. Decentraland’s Fashion Week was designed to make haute couture accessible to everyone, not just insiders as is the case at events in Paris, Milan, New York.

When technology reframes haute couture: 

●     Meta and The Fabricant, 2 ways of understanding digital fashion

 

7.   Football and crypto increasingly in tune

Sports marketing agencies are looking for crypto partnerships for their clients, according to industry experts there will be no niche in the world of sport that will stay away from blockchain for long. But football is the sport that is getting closer to cryptocurrencies than any other. Among the partnerships signed in recent months is one between Algorand and FIFA, with the blockchain becoming an official sponsor of the federation. The first major event in which Algorand will appear associated with FIFA will be the Qatar 2022 World Cup. Tezos has signed a deal with Manchester United to appear on the men’s and women’s first team training kits. Alessandro del Piero and Lionel Messi are ambassadors of Chiliz and Socios and Kylian Mbappé is the face of Sorare, fantasy football on Ethereum. NFT, fan tokens and sponsorship are a new way to build the relationship with fans.

Football and blockchain, the formation deployed:

●     Complete guide to Sorare, the crypto fantasy football on Ethereum

8.   The European Union approves crypto regulation

On the 30th of June, the European Union approved MiCA (Markets in Crypto Assets), a package of laws to regulate the cryptocurrency market. The document aims to impose standards on the industry to safeguard users. The MiCA provides rules for stablecoins, establishes legal and financial responsibilities in cases of bugs or insolvencies, and designates supervisory bodies and prerequisites for companies that want to provide services on blockchain. This is the first real EU initiative in the crypto field, and its effects will be decisive. MiCA is expected to enter into force by 2024, in the meantime crypto players will have time to adapt to the new regulations.

All points touched upon by MiCA:

●     MiCA approved, new European crypto law to be ratified by late 2024

9.   Solana works on a Web3 smartphone

In June, the Solana team announced the development of an Android smartphone integrated with all crypto services. Web3 is looking to move more to mobile platforms in order to facilitate the simple and immediate spread of blockchain technologies. Solana Saga is the name of the smartphone, and it will be compatible with the decentralised applications typical of Web3. Solana promises a technically impeccable smartphone: 6.67-inch screen with a refresh rate of 120Hz, 512 GB of memory, 12 GB of RAM, 50 MP camera and Snapdragon 8 Plus Gen1 processor. Solana Saga is attracting the attention and curiosity of many, so much so that even Polygon has revealed its mobile plans.

10.  NFTs take to social media: Facebook, Twitter and Instagram

Web 2.0 platforms are also attracted to the possibilities of non-fungible tokens! The first rumours about the integration of NFTs on Meta date back to January 2022, at which time there were rumours about the preparation of Meta’s products to accommodate blockchain technologies. More recently Adam Mosseri, an Instagram executive, announced that he and his team had begun testing NFTs on the platform with the aim of supporting creators financially. Finally, in July, the Meta developers released previews of the integration of NFT on Facebook; it will soon be possible to associate one’s profile with collections or individual digital works and share them as posts. At first, only NFTs on Ethereum and Polygon will be supported, but in the future, those on other blockchains will also be integrated. Facebook is thus preparing to become an NFT platform. On Twitter it is already possible to show off your NFTs as profile pictures by linking to your wallet!

The NFT social journey:

●     Facebook crypto breakthrough – NFTs arrive on the social network platform

The list of the 10 most important crypto news stories of the first half of 2022 ends here, but this year still has a lot to offer. One example? The Merge, Ethereum’s historic upgrade to Proof-of-Stake!

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BTC salary for the New York Yankees

Bitcoin: Crypto salaries for the New York Yankees

Players and employees of the famous baseball team can now be paid in Bitcoin. But how interested are people in crypto salaries?

Salaries in crypto for the New York Yankees! The Major League Baseball team has begun a partnership with NYDG, a company that provides Bitcoin-related services to companies, to allow New York Yankees players and employees to receive a portion of their salaries in crypto. The initiative is part of the Yankees’ plan to increase employee welfare, a recent report shows that among workers, especially younger ones, these kinds of cryptocurrency-related benefits are appreciated.

Crypto salaries for the Yankees

For the Yankees, it will be possible to offer salaries in crypto thanks to a partnership with New York-based company NYDG. The official press release kicking off the partnership was released on the 14th July 2022, Kelly Brewster, CMO of NYDG, said “we are proud to partner with our city’s team and iconic sports franchise, the Yankees, to further our mission of bringing Bitcoin to everyone. Initiatives like these actually aim to spread awareness about BTC and its various uses. Thanks to this multi-year agreement, players and employees of the Yankees will therefore be able to access a ‘Bitcoin Savings Plan’ called ‘Bitcoin Savings Plan’, one of the main services offered by NYDG. In essence, players will be able to choose whether and how much of their salary to convert to BTC without paying transaction fees and to accumulate it directly on the platform.

Aryn Sobo, vice-president of the New York Yankees, explained “we are always looking for innovative ways to expand and improve the experience of our employees, NYDIG has made it easy to add Bitcoin to our list of benefits and we look forward to leveraging the NYDIG platform to offer this opportunity to our employees.

Bitcoin as a corporate benefit

But are Yankees players happy to receive their paychecks in crypto? People’s interest in a paycheck in Bitcoin, remains to be determined. In this regard, NYDG conducted a survey that was published in January 2022, entitled ‘Bitcoin Benefits’. The research was conducted on a sample of 2,562 full-time working US citizens who were asked to comment on the possibility of receiving a paycheck in Bitcoin. What emerged was first and foremost a fear of an increasingly rigid labour market and rising inflation, which worries younger workers in particular. 36% of the sample, in the under-30 age group, expressed an interest in receiving part of their salary in BTC. According to NYDG, there would thus seem to be a link between fear of inflation and the choice of BTC as a means of receiving wages. Moreover, about 1 in 3 workers within this 36% said that between two different job positions, they would be inclined to choose the one with a crypto payment option. In today’s environment it is increasingly difficult for employers to find and keep talented workers, could implementing corporate welfare with crypto payments be a solution?

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Immutable X is radically changing crypto gaming

What is Immutable X, the blockchain for crypto gaming?

Immutable X is a layer-2 solution built on Ethereum, specialised for crypto gaming and NFTs. Find out all about the future of gaming!

Do you dream of playing video games like Skyrim or Fortnite but on the blockchain? Your dreams may soon become reality. Immutable X is a layer-2 blockchain built on Ethereum with low fees and no gas fees for NFT minting. Near-instant transactions and a marketplace with eye-catching graphics complete this ambitious project. The goal? To be the pioneers of crypto gaming and enable the development of games that rival the most renowned development houses. Find out what Immutable X is and how it works, and which video games are being developed on the crypto gaming blockchain!

What Immutable X is and how it works, the crypto gaming blockchain

Immutable X is a blockchain developed by gaming studio Immutable. Founded in 2018, the company released Gods Unchained, one of the first collectible card crypto games to achieve success. The video game was initially based on Ethereum, but Immutable soon realised that Buterin’s blockchain was not ideal for a crypto game. Gods Unchained is based on the continuous exchange of cards between players. Therefore, an efficient and low-commission blockchain was needed to incentivise players to buy and sell cards in the form of NFTs.

The solution? Immutable X, a layer-2 solution that employs the latest technological innovations to guarantee instant and cheap transactions. Unlike Ethereum, Immutable X uses a zero-knowledge rollup system. In short, transactions are not executed one at a time but in batches, which are approved by a smart contract. This system can support up to 9,000 transactions per second. The technology is easy to apply even for budding game developers, so it is popular with developers approaching blockchain. Immutable X’s ZKs allow NFT and crypto to be exchanged at lightning speed, and players can focus on having fun!

IMX is Immutable X’s utility token, an ERC-20 with various uses within the blockchain. There are 2 billion IMX, and they are used both to pay fees and to give incentives to developers and creators. IMX is also a governance token, and gives the right to vote on decisions affecting the blockchain for crypto gaming. The beta staking of IMX started on 1 July 2022 and will last until 30 July. In September there will be a second test of self-custodial staking (i.e. staking without intermediaries). Immutable X chose this approach as a consequence of recent events in which some CeFi platforms blocked their users’ withdrawals. According to the Immutable X team, with IMX self-custodial staking, no one can ever block withdrawals, because Immutable X tokens always remain in the user’s possession.

Immutable X and the NFT marketplace

NFT or non-fungible tokens is the technology that has made crypto gaming a reality. In fact, thanks to them, it is possible to guarantee the uniqueness of certain objects in a user’s possession and consequently their value.

To make the user experience as simple as possible, Immutable has decided to focus on an NFT marketplace integrated on the blockchain. Unlike Ethereum, NFTs on Immutable X do not require gas fees to be mined, incentivising players and developers to use the GameFi ecosystem. Transactions are immediate and without the long wait times that Vitalik Buterin’s blockchain has accustomed us to, and they also consume very little energy. Mining the 8 million NFT cards for Gods Unchained on Ethereum would have required 490,000 mWh of energy, while only 1,030 kWh were needed on Immutable X!

In addition, Immutable X aims to simplify the buying and selling of NFTs with a simple and attractive proprietary wallet. At the moment, the wallet of choice is the popular MetaMask, but the Australian crypto gaming blockchain company plans to create a wallet designed specifically for gamers and integrated with major credit cards and Immutable X’s NFT marketplace. This will allow you to get into the thick of the game in the blink of an eye, even if you are not an expert in crypto and blockchain. Simplicity is a key factor in making the crypto games of the future mainstream!

AAA crypto games to hit the blockchain

Immutable X’s commitment to creating an easy-to-use, player-centric ecosystem can be seen in the growing number of crypto games that choose it as their blockchain of choice. Illuvium and Ember Sword, two video games that promise to be a hit in the industry, have chosen Immutable X to support their game economy.

The company behind the crypto gaming blockchain has also decided to launch a $500 million fund for game developers. This money aims to support all those who want to help build the Web3 and increasingly affordable NFT platforms. Robbie Ferguson, CEO of Immutable, noted that the total value of the crypto gaming market is approaching $1 trillion! “This is just the tip of the iceberg in an industry with enormous potential,” said the company president.

Now you know what Immutable X is and how it works, get your joystick ready: crypto games that are no match for the likes of Skyrim or GTA are coming soon! Star Atlas, Illuvium, Ember Sword and many other games are in development and will be released soon. And if hunting for digital monsters is not enough for you, Immutable X’s NFT marketplace offers plenty of tokens for all tastes. The future of crypto gaming is already here!


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The fate of ETH miners after The Merge

The Merge: no more Ethereum mining, what will the miners do?

Ethereum mining comes to a stop with The Merge. Will miners be left unemployed by the switch to Proof-of-Stake?

ETH miners’ work to validate transactions and enable the blockchain to function will become irrelevant after The Merge – the upgrade that will lead to Ethereum becoming a Proof-of-Stake blockchain. The blockchain will function through the mechanism of staking. The change of consensus mechanism does not only have an impact on the performance and sustainability of the blockchain – putting a stop to Ethereum mining also means ending an industry worth $19 billion. What will ETH home-based or listed miners do? Here are the main likely scenarios.

The question of repurposing hardware for mining

The miners’ fate will depend mainly on whether they can convert the infrastructure and technical equipment that they used to mine Ethereum for new purposes. Ether miners can choose between two types of hardware, ASIC or GPU. 

ASIC (Application-specific Integrated Circuits) are designed to perform specific functions, in this case ETH mining , and are difficult to use for other activities or to mine other cryptos. 

GPUs (Graphics Processing Units), on the other hand, are more versatile processors used in other contexts, such as the classic graphics cards popular in the gaming industry, the field of artificial intelligence, and generally for any task that requires the processing of a large number of complex calculations. The market for GPUs has exploded and become very competitive since they are used to mine Ethereum and other cryptocurrencies. The demand for this hardware has increased exponentially, and gaming or tech companies have been clashing and competing for GPUs with ETH miners. Last year, the crypto sector contributed about 14% of the total GPU turnover.

There is no certain data on how many people use GPUs vs how many use ASICs to mine Ethereum. According to one estimate, it’s about 90% vs 10%.

After The Merge, the ASICs that were previously used to mine Ethereum will only be able to mine Ethereum Classic – the blockchain that will continue the original 2015 Ethereum project. However, if this activity does not prove profitable, it is likely that all this hardware will be abandoned. On the other hand, however convertible they may be, the demand for GPUs will drop dramatically, reverting them back to their role of typical gaming devices. Let’s take a look at the four possible scenarios for ETH miners.

Mining alternative cryptocurrencies

One possible option for ETH miners is to continue mining, but only on other blockchains. This solution seems particularly attractive to smaller miners, who are sharing on Reddit their intention to continue mining by migrating elsewhere. According to WhatToMine, a site that indicates the most profitable cryptos to mine based on cost, the most attractive cryptos for ETH miners are Ravencoin (RVN) and Ethereum Classic (ETC). The problem is that these alternatives do not have as active and flourishing a market as Ethereum, and the risk is that mining will not be as profitable. Excluding Ethereum, the total market for GPU mining is $4.1 billion as of 9th June, which is about 2% of Ethereum’s market.

Potenza di calcolo: dal mining al cloud computing

For those engaged in large-scale Ethereum mining, The Merge could be a big loss considering the investment in mining hardware, power, and infrastructure such as warehouses and rooms to house the machines. With GPUs, these miners could choose to offer their computing power to cloud computing and data processing giants such as Amazon Web Service or the nascent Web3 realities, for blockchain infrastructure hosting, NFT storage or graphics rendering. After all, the demand for high-performance computing will increase more and more with the development and growth of video games, artificial intelligence and film animation. 

Laying the foundations for Web3

In a nutshell, Web3 refers to the new stage of the web in which the internet will be built on blockchain and decentralised. Web3 will require a basic structure capable of recreating the Internet as we know it now, but on open source protocols. This structure must enable activities such as video streaming, 2D and 3D object-rendering, and mass data storage. GPUs may come in use for this purpose – once Ethereum mining is over, will the miners devote themselves to building the Web3?

Goodbye Ethereum mining, hello staking

Lastly, one of the possible post-Merge options for ETH miners is to convert to staking ETH. Some miners might choose to continue validating blockchain transactions with a different consensus mechanism. Miners who have accumulated ETH over the years could decide to sell their GPUs and become network validators by staking at least 32 ETH or delegating their crypto to another node. In this way, the miners could continue to earn ETH while continuing to work in the second most important network in the entire crypto world. 

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How to stake. All the ways to get rewards from your crypto

How to stake - getting rewards from your crypto

Learn how to stake cryptocurrencies; what staking is for, which service to use and which tokens can be locked up in staking

Staking is a common crypto mechanism that permits the functioning of Proof-of-Stake blockchains. In fact, to achieve network consensus – which is necessary to validate transactions – these particular blockchains do not use an external source such as electricity or computational power, but, instead, they make use of internal resources, i.e. user guarantees. In other words, staking is first and foremost the basis of a blockchain’s validation mechanism. However, staking can also refer to the process of locking up cryptos to obtain rewards, without necessarily becoming a network’s validator. In this article, we will look at how to stake and all the options available to obtain rewards from cryptos.

What is staking for? 

People who choose to stake might have different goals. Some people stake to become a validator, while others lock up their cryptos only to obtain a reward, delegating to other users the task of transaction validating. Let’s take a look at the different types of staking: 

1. Staking cryptos to become a blockchain validator

The validating nodes of a blockchain are responsible for finalising the network transactions. Contrary to what happens in Proof-of-Work chains, no special technical equipment is needed to validate transactions  in Proof-of-Stake chains – it is sufficient to simply stake your crypto. In most cases, it is people or entities that already have some experience in the blockchain field who become validators. After staking a certain amount of cryptocurrencies, you have to open a node. This type of staking requires downloading a wallet that enables staking in the chain you want to become a node of, and staying online 24/7. Some blockchains also stipulate a minimum share of crypto to be staked, for example on Tezos it is 8,000 XTZ, on Ethereum 2.0 it will be 32 ETH. 

2. Delegating your stake

If you do not want to manage a validator node yourself, you can opt to delegate your stake to an existing node. Delegation is a convenient alternative if you want to participate in the consensus mechanism of a blockchain with a lower investment of time and money. When you delegate a node, the amount of cryptocurrency you have staked joins the node’s stake. This way, the validating node will also use your cryptocurrencies to contribute to the functioning of the network. The rewards obtained for the validation work are then distributed proportionally between the node and those who have delegated. You can delegate a node through platforms (decentralised or otherwise) that offer this service. 

3. Staking cryptos to take part in a blockchain’s governance 

In some cases, staking is used to let users participate in the governance of a blockchain. Whoever stakes a certain amount of crypto earns the right to vote on updates, improvements and the direction of the blockchain’s roadmap. This way, staking increases the decentralisation of a project’s decisions.

4. Locking up cryptos to get rewards

Cryptocurrency staking can also mean simply locking up your cryptocurrencies for a period of time in order to obtain rewards, calculated on an annual basis and expressed in APY. These rewards are the equivalent of what in traditional finance is called an annual percentage return. Locked cryptocurrencies cannot be traded or sold, until the end of the staking period selected. How can I take part in this type of staking? This option is particularly suitable for people who are not particularly familiar with the crypto sector because it does not require any technical expertise, all you need to do is find out about the third-party service you choose. Now let’s see where you can stake! 

Where can you stake?

You can choose different third-party services for staking cryptocurrencies – there are decentralised platforms, dapp, exchanges (centralised and not), as well as offline options such as external hardware.  

1. Staking via hardware 

Offline staking is called cold staking. In this type of staking, cryptocurrencies are locked up and stored in cold wallets, i.e. wallets that are not connected to the internet. Cold wallets can be hardware, paper wallets or offline applications. Cold staking is often used when locking up large amounts of crypto, and to avoid the potential risk of cyber attacks. This type of staking is highly secure, but the staking is managed autonomously, without third parties mediating. For this reason, you need to be familiar with the mechanisms. Even if they are offline, cryptocurrencies in cold wallets are always connected to the blockchain and rewards are earned as in online staking. 

2. Staking via a CEX or DEX

Exchanges are one of the most widely used services for online staking. Whether they are centralised or decentralised, exchanges always provide step-by-step guides on how to stake. Each exchange has its own peculiarities and they differ in the range of cryptos supported for staking and APYs. You can choose the one that best suits your needs. On Young Platform, you can stake cryptocurrencies through the Earning Wallet feature. At the moment, you can lock up three different cryptos for a period of your choice and get a reward, which is calculated as a percentage of the amount you decide to stake. 

3. Staking Pools: decentralised protocols and dapps

There are also many decentralised protocols and dapps that offer different staking opportunities. For example, you can lock cryptocurrencies up in Staking Pools, i.e. smart contracts or features that aggregate stakes of different users. Staking pools are usually used by blockchain nodes to increase the size of their stakes and thus the probability of being chosen as validators. Furthermore, DeFi protocols and platforms also offer options for Derivative Staking and Liquid Staking, in which rewards are earned through derivative products.  

Staking NFTs

Staking doesn’t end at coins or tokens – the latest frontier of decentralised finance also includes NFT staking. This works in a similar way to traditional staking – you lock up your non-fungible tokens on special platforms to obtain rewards in crypto. Not all NFTs are suitable for this practice. Moonbirds, by the startup Proof, is a collection that has implemented a staking feature. Staking NFTs allows people to maximise their digital artwork and in some cases participate in the governance of their projects. 

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5 Cryptocurrencies to stake in 2022

5 cryptocurrencies to stake in 2022

Which 5 cryptocurrencies to stake in 2022? Find out the most used! 

Staking is a typical feature of the crypto industry that involves locking up some coins or tokens for a certain period of time to obtain a reward. The actual purpose of this process is to participate in the Proof-of-Stake consensus mechanism of a blockchain. In fact, staking helps achieve network consensus and validate all transactions in a decentralised and secure manner. Everyone can stake cryptocurrencies and there are indeed many ways to do it – you can read the guide here. But which cryptos can you lock up? Here are 5 cryptocurrencies to stake in 2022.

1. Ethereum (ETH)

Ethereum is the leading network in terms of staking volumes, and after the definitive switch to a Proof-of-Stake consensus mechanism, ETH staking will become an increasingly important and widespread practice. As is often the case, ETH can be staked in various ways and with various aims. You can stake your ETH in four different ways: ‘solo home staking’, ‘staking as a service’, ‘pooled staking’ and ‘centralised exchange’.

  1. Solo home staking

You use your ETH to open a validator node yourself. This is the type of staking that requires more effort, some technical skills and full control of your own funds. It requires a minimum lockable amount of 32 ETH and a constant internet connection.

  1. Staking as a Service

You have 32 ETH available but do not want to manage a node on your own? You can delegate them to an existing validator node. Your ETH remain yours (and thus you earn staking rewards) but at the same time they are used by a node as a stake needed for the validation mechanism. This type of staking is not available directly within the Ethereum protocol, you need to use third party services.

  1. Pooled Staking

You can delegate your staked ETH to validator nodes also through dapps’ staking pools or protocols (decentralised or centralised). The difference with staking pools is that you can also delegate small amounts of crypto less than 32 ETH.

  1. Staking in centralised exchanges

You can stake ETH on centralised exchanges. This is one of the easiest ways to do it, and it’s suitable for inexperienced people as well. On Young Platform, you can try staking ETH through the Earning Wallet feature. 

2. Polkadot (DOT)

Polkadot’s consensus mechanism is a variant of the standard PoS and is called Nominated Proof-of-Stake. On Polkadot, users who own DOT (called nominators) delegate their stakes to the nodes they deem most deserving and earn rewards based on the performance of the validator they have chosen. Validators and nominators receive equal rewards that are not proportional to the size of the stake, as in other protocols. On Polkadot, you can unlock your stake whenever you want, but your cryptos will be unlocked and return to your full possession after 28 days. This ‘nomination’ mechanism incentivises users and validators to behave honestly: users who behave well are rewarded, those who behave badly are turned away and the network remains secure.

3. Solana (SOL)

Among the top 5 cryptocurrencies to stake in 2022 is SOL, the Solana coin. This blockchain also makes use of a Proof-of-Stake mechanism – there are currently 1,746 validators on Solana to ensure the functioning and security of the network. If you want to stake SOL directly on the network, you can check out the rewards on their website. Rewards are calculated and distributed once per epoch (a period of about 2 days) and issued to all validators and delegators in the first block of the next epoch.

4. Avalanche (AVAX) 

As time goes by, Avalanche is seemingly proving to be a viable alternative to Ethereum. Over the past year it has received a lot of funding from VCs and has not been afraid to use it to expand its ecosystem and improve its structure. The rewards for staking on Avalanche average 9.23% per year. In contrast to other platforms, staked tokens are never subject to the risk of slashing, i. e. the loss of the stake as a result of unfair actions against the network. You can check the total amount of AVAX in staking, rewards, validators and delegators.

5. Cardano (ADA)

Cardano has a constantly growing ecosystem and its native dapps are among the most innovative around. The network works thanks to ADA staking, through validator nodes and delegating users. Cardano’s Ouroboros protocol chooses a validator based on the size of the stake it holds. Therefore, nodes with more staked ADA will have more chances to add a new block to Cardano and obtain the rewards. You can work out your staking rewards. Remember, though, that the rewards depend on many factors such as the validators performance, the number of validated blocks and, in general, possible changes in the network. 

The most popular cryptos for staking in 2022

Ethereum, Solana, Cardano, Avalanche and Polkadot are therefore the most widely used cryptocurrencies for staking in 2022. Specifically, Ethereum has a staking marketcap (i.e. the dollar value of all its staked tokens) of 22 billion USD, Cardano and Solana of 15 billion, Avalanche of 6 billion and Polkadot of 5 billion. This tells us about how widely these blockchains are used, but the most interesting data is the estimated percentage of rewards that can be received by staking directly on the relevant blockchain (the data is variable – these percentages are relevant to the time the article was written). Among these 5 cryptos, the highest percentage is achieved by Polkadot (13.98%), then Avalanche (8.8%), Cardano (4.98%), Solana (4.73%) and Ethereum (4.14%).  The list of the top 5 cryptocurrencies for staking in 2022 ends here, now find out about all the relevant opportunities on Young Platform!