Degen Weekly: Avalanche 3A Masterpiece, NFT Options, and Web3 Search Engine
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Degen Weekly: Avalanche 3A Masterpiece, NFT Options, and Web3 Search Engine
Degen Weekly is a new series we've started to quickly introduce some new projects each week.
Navigating Web3 tides with focused insightsBy: TechFlow intern
Degen Weekly is a new series we've launched to quickly introduce you each week to emerging projects—some with only a few hundred Twitter followers, extremely early-stage, high-risk, uncertain returns, and most haven't even issued tokens yet. Consider this content purely for enthusiast analysis and research.
Keep moving forward!
Kinesis Labs
From Curve Wars to Platypus Wars, perhaps the next battleground will be Kinesis Wars.
Stablecoin swaps have been rare in Cosmos, but that's beginning to change with the launch of Evmos. With Evmos, EVM-compatible chains now connect the $19B Cosmos ecosystem to the $250B EVM ecosystem, bringing an influx of stablecoins: USDC, USDT, DAI, and FRAX.
Therefore, a DeFi explosion on the Cosmos ecosystem is inevitable, and Evmos can act as a catalyst by providing liquidity support. Kinesis Labs is laying the groundwork for this massive DeFi potential.
Kinesis will become the first stablecoin swap on Cosmos, built on Evmos, allowing users to exchange one stablecoin for another with minimal fees and slippage.
Kinesis Labs plans to actively collaborate with major stablecoin protocols such as Abracadabra, Alchemix, Fei, and Frax, participating in governance to bring all EVM-based stablecoins into Cosmos. The team will work closely with stablecoin issuers to ensure sufficient liquidity. Their goal is to bring the first "100 billion dollar stablecoin" to Cosmos.
The team consists of native DeFi developers, though members remain undisclosed. Some are reportedly from RiskHarbor, others from crypto firms, Goldman Sachs, and NVIDIA.
It's unclear whether it's a Curve fork, but it at least offers similar functionality to Curve—perhaps aiming to become the Curve of Cosmos. DYOR.
Website: kinesislabs.co
Crescent Network
Several years ago, B-Harvest, a veteran Cosmos network team, partnered with Ignite (formerly Tendermint) to create a unique DeFi experience on Cosmos Hub. B-Harvest developed a working liquidity module called Gravity DEX, while Ignite created the frontend and web UI Emeris.
B-Harvest then sought to rebuild and expand Gravity DEX beyond the limitations of Cosmos Hub, pursuing broader DeFi utilities. Led by B-Harvest and Ignite, and funded by Ignite Ventures (formerly Tendermint Ventures), Crescent was developed. The current Crescent team comprises the original B-Harvest members plus additional industry experts to further enhance operations and development. Crescent’s cross-chain specialists work closely with Ignite to bring innovative, seamless decentralized finance to the Crescent DeFi Hub.
Crescent fulfills the team's vision for Gravity DEX by rebirthing it as a DeFi Hub. It will greatly expand blockchain utility and connectivity by enabling users to bring assets from other blockchains via IBC into Crescent, increasing investment opportunities.
In the future, Osmosis, Junoswap, Evmos-based DEXs, and Crescent DEX—all IBC-connected DEXs—could form a diversified landscape. Leveraging Emeris’ aggregation capabilities and Hub’s interchain accounts, they may create shared liquidity pools, potentially achieving stronger liquidity than centralized exchanges within the Cosmos ecosystem.
Website: https://crescent.network/
H2OData
H2O is a data-backed, non-pegged stable asset. Initially, Ocean will provide data backing; by year-end, other data tokens will also participate.
Ocean is a decentralized data exchange protocol—the first of its kind built using blockchain technology. Users can trade and sell valuable data while retaining privacy and control. However, in Ocean Market, pricing defaults to Ocean Protocol’s token OCEAN, a relatively volatile asset that affects data pricing. If OCEAN rises or falls by 10% (compared to more stable assets), data asset prices move by the same amount.
H2O eliminates pricing volatility in decentralized data markets, serving as a medium of exchange and unit of account, solving multiple issues such as capital efficiency, transaction stability, and price discovery.
Website: https://www.h2odata.xyz/
Putty
Putty addresses two problems faced by blue-chip NFT holders: 1) sudden price drops; 2) lack of utility beyond selling. Putty enables trading of custom NFT put option portfolios, increasing liquidity and offering hedging opportunities.
When you accept an NFT put option, you receive an NFT representing that option. Other users can borrow this NFT by staking Putty tokens, giving you a higher LTV ratio than typical lending protocols. If a borrower fails to repay, the protocol automatically executes the put option using Putty tokens, and you receive your preset strike price.
I find this concept intriguing, with promising potential in the NFT x DeFi space. The project is still early—looking forward to seeing more fun features emerge.
Testnet: testnet.putty.finance/app
Neeva.xyz
Cryptocurrency has become an increasingly chaotic sea, where safety and truth vanish into the depths, turning into a space rife with scams. To address this, Neeva created Neeva.xyz. Last month, a five-person team from Neeva began researching Neeva.xyz, setting up nodes across multiple blockchains, extracting data, combining it with off-chain data from IPFS and the web, building data processing pipelines, and leveraging Neeva’s search service stack to deliver a new experience on Neeva.xyz. They built the entire system from scratch using their own code and infrastructure. Currently supporting Ethereum NFTs, they aim to add Polygon, Avalanche, and Solana in the coming weeks.
Neeva.xyz is an experiment extending Neeva’s ethos into web3, helping many—including developers—access blockchain data more conveniently.
Website: https://neeva.xyz/
Shrapnel
Shrapnel is a Web3 AAA first-person shooter game. Players can modify and reshape the game according to their own desires. Shrapnel ensures players don’t need deep knowledge of cryptocurrency or blockchain to participate—immersing them seamlessly in blockchain infrastructure while eliminating concerns like managing crypto wallets. Many other games in this space focus on NFTs rather than blockchain technology itself. Here, we’re changing that, bringing more fun to players and creating a self-sustaining ecosystem.
The creative team behind Shrapnel is exceptionally impressive, with developers who helped create iconic titles like Halo, Call of Duty, Mad Men, BioShock, Destiny, Star Wars, Hawken, SkySaga, and Westworld. Even by traditional game development standards, this lineup is phenomenal.
The team chose AVAX as its partner—its fast response times and ultra-low gas fees significantly enhance player experience. Given the developers’ track record in FPS games and the team’s strong funding, anticipation is high for Shrapnel’s debut trailer.
Website: https://www.shrapnel.com/
RaidParty
Not everyone can commit full-time to GameFi—asking office workers to spend half their day gaming is nearly impossible, even if they could earn money. That’s why idle MMORPGs like RaidParty have emerged. RaidParty is designed for everyone, whether you have just 10 minutes a day to check in or 10 hours to actively play. Your NFT sprites can keep earning in dungeons, enabling true "play-to-earn."
Gameplay is simple: in RaidParty, players enter a raid consisting of a massive dungeon and a boss. Teams enter the dungeon and deal damage to the boss, receiving $CFTI tokens proportionally based on their total damage contribution when the boss is defeated.
$CFTI is a utility token earned from raids, usable in various ways—for example, boosting your NFT’s damage output—creating a simple in-game token economy.
Website: https://raid.party/
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