Altcoin Daily founder and trader Austin Arnold says five crypto projects are going mainstream in March thanks to new business developments.
First up on Arnold’s list is Ethereum (ETH). The trader cites the announcement that Amazon Web Services (AWS) has made Ethereum available on the Amazon Managed Blockchain.
Amazon says the move will make it easier for developers to utilize the leading smart contract platform.
“With this launch, AWS customers can easily provision Ethereum nodes in minutes and connect to the public Ethereum main network and test networks such as Rinkeby and Ropsten. With Amazon Managed Blockchain, customers get secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, fast and reliable syncs to the Ethereum blockchain, and durable elastic storage for ledger data.”
Arnold’s next pick is the supply chain management tool VeChain (VET), citing the news that one of the largest aluminum companies in the world, the Norway-based Hydro, has initiated pilot service built on VeChain to document product claims.
Third on Arnold’s list is the cloud-based wallet Curv. He points to news reports citing anonymous sources who say that payments giant PayPal is in the process of purchasing Curv.
“This could be big in my opinion as a fundamental green flag for the space, and by the way, the altcoins that PayPal supports. Big green flag for them as well.”
Arnold’s next pick is the Theta Network (THETA), a decentralized video delivery network. The trader points to news that Sony’s European subsidiary plans to run a node on the Theta Network.
And last on Arnold’s list is the custody service Hex Trust, which announced this week that it launched the first fully licensed custody services for non-fungible tokens (NFTs).
The company states that the massive popularity of NFTs and their big upsurge in prices calls for a secure way for investors to hold them.
“With the NFT market surging and prices of NFT’s climbing into the millions of dollars for a single collectible, it has become urgent to provide collectors and institutions with the ability to safely custody and insure their valuable assets. The Hex Safe platform has been upgraded to fully integrate NFTs on multiple blockchain platforms and token standards including Ethereum and their ERC-721 and ERC-1155 token standards.”
I
Featured Image: Shutterstock/KhDuy Vo