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Crypto Projects From Asia: 2023 Edition

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May 26, 2023
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7 min read
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This blog post will cover:

  • Crypto projects from Asia in 2023     
  • Binance (BNB)
  • Battle Infinity (IBAT) 
  • Huobi (HT)
  • Lambda256 (Luniverse)
  • OKX (OKB)
  • The Morpheus Project
  • Kodebox (CodeChain)
  • The final word

Cryptocurrency is one of the most intriguing topics in the 21st century. Since its creation in 2009 by Satoshi Nakamoto, many things have changed — and we are facing hundreds of innovations these days. The appearance of NFTs, the growing price of Bitcoin, birth of new mind-blowing blockchain concepts, evolve of Metaverse and AI technologies. 

However, the crypto regulation question is still an urgent issue for many countries. The lucky ones get a chance to develop the crypto sector faster, and, as it follows, become the leaders of this race. Today we will talk about the fresh favorites of the crypto community that come from Asia. According to the Messari report discovering the Asian crypto landscape, the popularity of this topic was high in 2021 and is getting higher with each year. Additionally, Chainalysis says that countries like India, Thailand, Vietnam are taking the first places by the crypto value received in 2021-2022:

© Chainalysis

So it doesn’t matter whether you are looking for a project to invest in or not, you should definitely get acquainted with the list below — these titles might hold their positions for a long time.     

Crypto projects from Asia in 2023     

Now we’ll explore the exciting realm of crypto projects from Asia. Here is a handpicked collection of the best initiatives reshaping the blockchain landscape in the region. 

Binance (BNB)

You have probably heard of Binance and its native cryptocurrency. Nevertheless, we couldn’t miss the opportunity to mention this company which is not only known in its homeland — China — but also all around the world. Binance was created by Changpeng Zhao, who’s a Chinese citizen, in 2017. However, later Binance’s headquarters moved, and now the company’s offices are located in different 50 countries. Nowadays, Binance is considered one of the biggest crypto exchanges in existence.

Now Binance has become a huge ecosystem with tens of products available for its customers. The BNB holders get access to exclusive token sales, payments for goods and services, reduced trading fees and much more. 

Battle Infinity (IBAT) 

In 2022, an Indian team has decided to launch a gaming platform which was designed to become an ecosystem hosting various P2E games via the Metaverse “The Battle Arena”. In this reality users get a chance both to play, and to explore the digital world while getting a unique experience of immersive gaming.

The native token of Battle Infinity, IBAT, runs on the Binance Smart chain network. It is used to connect traditional gaming and the Metaverse. According to the official website, the IBAT stakers get extra benefits. All in all, the project is just starting its active development and gaining more popularity among the crypto enthusiasts.  

Huobi (HT)

Founded in 2013, it became one of the largest Chinese crypto exchanges. However, Huobi had to move its offices to Seychelles after a number of regulatory problems it faced in China. Despite these issues, Huobi managed to grow further and attract a huge loyal community which chooses this exchange for every crypto transaction.  

Huobi Token (HT) is the original currency of the platform, it is used within the Huobi ecosystem.  

Lambda256 (Luniverse)

Lambda256, the blockchain division of Dunamu (the leading Korean crypto exchange operator), specializes in the creation of innovative blockchain-as-a-service (BaaS) solutions tailored for corporate clientele. At the forefront of their offerings is the Luniverse platform, a cutting-edge blockchain infrastructure designed to enable companies to establish and effectively manage their private blockchain networks.

Luniverse stands out for its exceptional features, including dynamic scalability, seamless interoperability, and robust security measures. These attributes empower organizations from diverse industries to effortlessly venture into the realm of Blockchain technology.

OKX (OKB)

OKX (previously OKEx), an extensively utilized cryptocurrency exchange in Asia, holds a prominent position in terms of trading volume and registered users. Initially established in China, the exchange has subsequently relocated its headquarters to Malta.

The OKB token provides holders with exclusive benefits, including reduced trading fees on the OKX platform. Furthermore, OKX offers a comprehensive range of advanced speculative tools, derivative products, and leveraged trading pairs to cater to diverse trading needs. OKX distinguishes itself as one of the top Asian cryptocurrency projects by implementing regular token burns to enhance the overall value and utility of OKB tokens.

The Morpheus Project

A Thailand-based project launched in 2019. Morpheus Metaverse stands as an educational virtual world that places a strong emphasis on immersive learning technology, enriched by the integration of historical artifacts and NFTs. This unique Metaverse offers a dynamic platform for educators to craft virtual and augmented reality lessons, empowering them to deliver engaging and interactive educational experiences.

Adopting a learn-to-earn model, Morpheus Metaverse welcomes explorers, adventurers, and learners to embark on personal journeys of discovery. Whether individually or in the company of friends, users have the opportunity to uncover new knowledge within the realm of this captivating virtual space. By blending education and entertainment, Morpheus cultivates an environment where learning becomes a truly engaging and rewarding experience.

Kodebox (CodeChain)

CodeChain is a Korean company. It emerges as a dedicated blockchain platform designed specifically for tokenized assets. Within this platform, users possess the ability to create and trade tokens while adhering to regulatory compliance requirements. A noteworthy feature of CodeChain is the Asset Exchange Protocol, which facilitates seamless peer-to-peer exchange of assets within the CodeChain network, minimizing friction in the process. 

By embracing the CodeChain protocol, various participants within the asset tokenization ecosystem can achieve interoperability, fostering a collaborative and efficient environment for all stakeholders involved.

The final word

Asia has emerged as a formidable powerhouse in the world of crypto projects and cryptocurrencies. The region's vibrant technological landscape, entrepreneurial spirit, and supportive regulatory environments have fostered a breeding ground for innovation and adoption in the crypto space. From the pioneering days of Bitcoin to the rise of decentralized finance and non-fungible tokens, Asia has been at the center of these groundbreaking developments.

One key factor contributing to Asia's dominance in the crypto realm is its robust blockchain infrastructure. Countries like China, South Korea, and Japan have invested heavily in research and development, fostering a thriving ecosystem of blockchain startups and projects. These initiatives have propelled the region to the forefront of technological advancements, enabling the creation of cutting-edge crypto platforms and solutions.

Asia's influence in the crypto sector shows no signs of slowing down. With ongoing advancements in blockchain technology, increased adoption by businesses and individuals, and favorable regulatory frameworks, the region is poised to continue leading the way in shaping the future of cryptocurrencies. As Asian projects and cryptocurrencies gain traction worldwide, they are revolutionizing traditional industries, empowering individuals, and driving the transformation of the global financial landscape. 

If you want to learn about more Asian crypto concepts, just check out our first article about popular cryptocurrencies from Asia. For further updates, stay tuned with SimpleSwap Blog! 

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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