Findora - An Undiscovered Layer 1 Gem Aimed At WEB3, Gaming & Privacy

By Sapphire Crypto | Sapphire Crypto | 29 Nov 2023


Early Access Paves The Way

Being able to gain early exposure to blockchain projects is an incredibly powerful strategy to have. I pay little to no attention to more established projects, and if I choose to invest in them it is often in the form of the layer 1 effect. Ultimately, harnessing the knock-on effect that unfolds within that particular ecosystem. This approach is enhanced even further if the project in question is a Proof-of-Sake protocol.

When I began publishing altcoin picks for the 2025 bull market, I initially addressed layer 1 projects. These were mostly Proof-of-Stake projects, as I was looking for not only significant gains but also significant passive income potential. I recently uncovered yet another layer 1 that also has great passive income potential in the form of staking rewards, as well as tremendous upside potential.

Findora Specifics

Findora is a layer 1 blockchain that is essentially privacy-focused, as well as being geared toward WEB3, and more recently, gaming. If you have been reading any of my recent articles you would have noticed that I am quite bullish on gaming, especially regarding 2025. I have published a few gaming picks over the past few weeks, and am excited by the idea of building several positions within the gaming niche.

Essentially, privacy remains a hot topic when it comes to regulatory concerns and government overreach. However, it all depends on how the masking protocol is designed. Some approaches are more favorable when it comes to regulators. However, privacy lovers are less likely to be impressed. Just as KYC will eventually become a non-negotiable. Privacy-based protocols will also be required to adhere to certain rules and standards.

This is unfortunately the negative side of the coin when it comes to global adoption and institutional acceptance. From what I can tell, Findora has built their project with this in mind and aims to offer a level of privacy, while simultaneously seeking to be compliant. Furthermore, Findora recently launched Game Specific Chains. Create your own subnet with EVM compatibility, and launch your game on Findora GSC.

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Findora (FRA) has a market cap of $18 million and is currently trading at $0.0018. FRA is available on Gate.io and KuCoin and offers an extremely healthy staking reward. The current APY is 21.35%, which is even higher than Taraxa. Both Taraxa and Findora appear to be pretty solid projects with a lot to offer. Both are EVM-compatible. However, Taraxa has the advantage, in that it is a new technology.

BlockDAG recently exploded on the scene in the form of Kaspa. However, KAS is a Proof-of-Work chain, whereas, Taraxa is a Proof-of-Sake, EVM-compatible chain. In other words, Kaspa is the BlockDAG Bitcoin, while Taraxa is the BlockDAG Ethereum. There has been very little attention given to Findora. However, there are 28,492 wallets currently staking FRA, which is pretty impressive when you consider how unknown the project is.

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Final Thoughts

Findora ticks a lot of boxes for me, and I am expecting a Taraxa-like explosion once the market wakes up to this layer 1. Furthermore, the gaming sector is also likely to create a strong catalyst for Findora. With a healthy staking reward to match, I am pretty bullish on this micro-cap. As always, this is not an endorsement or investment advice. Conduct your own research and due diligence before making any investment decisions. All the best, see you next time!

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Disclaimer

First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.

This article was first published on Sapphire Crypto.

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Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice. Sapphirecrypto.org


Sapphire Crypto
Sapphire Crypto

Interesting views, news, opinions and all things Crypto. Independent and honest assessments of Crypto projects and earning opportunities within the space. Opinions are my own and not financial advice.

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