Community Trust ScoreVerified
In 2022, Neo navigated the bear market and continued to build a strong foundation for the future of Web3. They are counting on successful 2023. The Neo Smart Economy is an open-source platform that provides a platform for creating decentralization applications and deploying smart contracts. The envisioned smart economy on the platform has three foundational pillars: digital assets, digital identity and smart contracts.
Also, Neo is preparing to support zero-knowledge proof (ZKP) functionality after nearly a year of validation and development.
There is a trending survey by NEO on the promising technology in 2023 with the choices given being: Zero-proof; Metaverse: AIGC (Artificial Intelligence Generated Content); and others.
A recent survey by NEO on “Which of these tracks do you most want to see Neo focus on in 2023?” had the following results: Social Fi – 15.4%; DeFi – 49.3%; NFT – 11.6%; GameFi-23.7%
Social Fi is Social media + Web3. It brings together the worlds of social media and DeFi (decentralized finance). The social media on the blockchain with a layer of Finance on it. The principles of Social media and decentralized finance are fused. So, a SocialFi platform will bring with it a fusion of the decentralized aspect to the activities of creating, managing, and owning the various content users create on the social media of today’s internet.
DeFi is Decentralized finance which eliminates intermediaries by permitting people, merchants, and businesses to conduct financial transactions using emerging technology. Through peer-to-peer financial networks, DeFi uses security protocols, connectivity, software, and hardware advancements.
NEO Smart Economy: Conventional money markets aren’t the only way to borrow and lend assets anymore. Neo’s partnership with DEMEX, decentralized money market – order book DEX for COSMOS and Ethereum Ecosystem helps users explore the benefits of the decentralized money market in the DeFi world to further new possibilities.
NFT is a unique digital identifier which cannot be copied, substituted or subdivided which is recorded in a blockchain.
GameFi is a combination of the terms gaming and decentralized finance (DeFi). It is the integration of blockchain applications in the gaming sector for monetization purposes, among other things. Smaller publishers in particular use the possibility of monetizing their games by issuing tokens.
GameFi powers blockchain games. The players are financially rewarded for the time and effort they put into playing the games. This model very commonly known as Play-to-Earn. Economic incentives consist of tokens, upgrades, avatars, virtual land and much more.
NEO Smart Economy has good projects though not talked much about – perhaps the price for investors should become more interesting.
