We haven’t heard a lot about Sony’s Layer-2 blockchain Soneium since its testnet’s introduction in 2023. Now, the corporate has introduced a four-week contest the place creators, builders, and customers can discover Soneium’s capabilities.
The marketing campaign will probably be hosted on the Galxe platform and can concentrate on gaming, communication, and creativity.
Sony is closely invested in media manufacturing and distribution by Sony Pictures and Sony Music, so Soneium offers energy again to artists, sport builders, and followers by accessible, inclusive content material.
This sense of unity lies on the core of Web3 philosophy, significantly decentralized autonomous organizations (DAOs) like Lido and MANTRA. Community governance drives these initiatives towards shared targets and is commonly simpler than centralized decision-making.
If Soneium positive aspects mainstream adoption, these DAOs might additionally profit from rising demand for initiatives that put the group first.
1. Wall Street Pepe ($WEPE) Raises $63M with Community-Centric Approach
Wall Street Pepe ($WEPE) is an fascinating DAO-like crypto mission. Still on presale, it raised over $63M, turning into the second-most-popular presale thus far (behind solely Pepe Unchained).
The purpose for such robust momentum is group help in opposition to institutional buyers – presale consumers have grow to be uninterested in whales manipulating the market and determined to stand up in opposition to them.
$WEPE holders will obtain key buying and selling insights to assist them discover hidden crypto gems and revenue like by no means earlier than.
While technically not a DAO, Wall Street Pepe checks all of the packing containers of 1:
- Strong group incentives and a loyal basis
- Rewarding customers for taking part in ecosystem choices
The mission is all about giving energy again to the unbanked and making a freer crypto market the place common merchants don’t get hoodwinked by giant whales.
The idea of DAOs isn’t new, however by no means earlier than has a mission inspired lively participation this fashion. In conventional DAOs, customers typically overlook to train their governance rights as a result of they don’t have a robust incentive. Wall Street Pepe adjustments this.
The presale hasn’t ended; there’s nonetheless a possibility to buy $WEPE at a low value and be a part of this quickly rising group. Experts predict $WEPE to surge 100x after it’s listed on exchanges.
2. MIND of Pepe ($MIND), an AI Agent with a Bright Future
MIND of Pepe ($MIND) is one other community-centric meme coin presale that takes a unique strategy to DAO-based rewards.
The AI agent will curate crypto suggestions and insights after analyzing tendencies and crypto intelligence in actual time.
Better but, this will probably be an automatic course of. The AI will work together with influencers and interact with decentralized communities and platforms all by itself.
Although not a conventional DAO mission, $MIND behaves like one in each manner. Holders will obtain unique rewards within the type of crypto insights and analyses.
And everyone seems to be incentivized to HODL and contribute to the ecosystem by staking their tokens. So far, over 670M tokens have been staked for a jaw-dropping 522% APY.
One $MIND is now $0.0032144, and the presale has raised $4.2M, with the value rising within the subsequent 14 hours.
Considering the AI business is estimated to reach $826B by 2030, it’s straightforward to see how AI agent initiatives like $MIND are catching a lot investor consideration.
3. Audius ($AUDIO), With Soneium, Might Reignite the Decentralized Music Revolution
Audius is a longtime mission that hit the market in 2020. However, after the preliminary hype wore off, it struggled to realize adoption, and the worth of the $AUDIO token dropped from $4 to $0.13.
The Soneium mainnet launch may breathe new life into $AUDIO.
Audius is a decentralized music streaming protocol that offers creators full management over their content material. It additionally connects artists with followers by direct messaging and dwell streams.
Traditional music streaming apps like Spotify take as much as 70% of artist income. This implies that indie creators can barely earn sufficient for espresso, so Audius implements a tipping system the place artists get 100%.
Soneium’s and Audius’ imaginative and prescient aligns, so the mission may very effectively migrate from Solana to this new community sooner or later.
4. MANTRA ($OM) Surges 4,503% Year-to-Date, New Records Ahead?
MANTRA ($OM) is the second-largest DAO token with a $4.4B market cap. It grew 4,503% since January 2024 and hit a brand new all-time excessive of $5 three days in the past.
What’s so particular about it? And is that this the highest?
MANTRA is a decentralized finance protocol that provides providers like staking, lending, and real-world asset tokenization. But community-led governance is one in all MANTRA’s most important appeals.
On high of that, MANTRA integrates the Cosmos ecosystem for interoperability with different blockchains by the Inter-Blockchain Communication protocol.
As an Ethereum-based mission, MANTRA might additionally combine with Soneium and lead for instance for different DeFi platforms on the community.
Final Remarks
The most important distinction between Web2 and Web3 isn’t the expertise – it’s the imaginative and prescient. Projects like Soneium, Wall Street Pepe, MIND of Pepe, Audius, and MANTRA create new governance and financial fashions the place anybody could make an affect.
But bear in mind, whereas these initiatives maintain a lot promise, no positive aspects are assured within the crypto world. We remind you to DYOR and diversify to offset potential losses.
