The digital asset space is bigger than ever, and its showing no signs of slowing down.
Each token release brings new innovations and use cases, ensuring the space is never stagnant and always progressing to bigger and better things.
With so many projects constantly being released, many are bound to slip through the cracks and not get the attention they deserve. This possibility is even more likely when you consider that most projects require a dedicated community that supports and invests in its future to get off the ground. In summation, it is hard for a new project to find an audience with so much competition.
However, many projects provide these budding projects with the opportunity needed to find success – these are known as digital asset incubators.
Incubators search for potentially successful projects and assist them through critical stages of development. Incubators typically help projects from the ground up, providing a wide range of assistance like funding, marketing, advising, strategy, community building, and more. Incubators are incentivized to help these projects succeed as they typically receive a portion of the equity made from the project.
DeGa Labs incubates and invests in DeFi, NFT, and Web3 projects. They act as lead fundraisers and investors, optimize the token economy, provide technical support for SmartContracts, NFT game development, and more, and provide marketing support through their onboarding KOLs and partners connection.
Digital asset incubators like DeGa Labs are often referred to as venture capital firms or accelerators within the space. Most of these companies consist of top venture capital experts with years of experience who assist with guidance.
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Many projects now eagerly seek out assistance from an incubator. Having an incubator back your project not only ensures it will receive the necessary funding, but incubators will also provide expert guidance to propel growth and raise awareness.
With all of the services incubators like DeGa Labs provide, a project can get the push needed to help them make it to the next stage.
To get a better idea of what DeGa Labs does, here are two of the projects seeing a lot of success lately.
Now that it successfully launched its mainnet on January 31st of this year, HappyLand’s $HPL token continues to thrive. The price is holding steady, and the utility value of the token is obvious.
There is also a nonfungible token for land in the game now available via secondary sales on the NFT marketplace Babylons. This is the second time that the platform is running a land sale of HappyLand, and the token price surged more than 17% when the news came out last month.
HappyLand is a play-to-earn farming game that uses the Texas countryside as inspiration. Players play the role of a farmer cultivating their crops and breeding pets. The goal is to build out a full-fledged farm and profit from the proceeds generated by those farming activities. The game has raised $3 million in seeding / a private round, is partnered with PIF, GGG, and PGG, and is being advised by Santiago R Santos, Kenzi Wang, and Stani Kulechov. It is also an IDO on Polkastarter.
After 5 weeks of Mainnet, HappyLand has achieved over $470,000 in trading volume, with the highest transaction value being $4,129. The total HPW claimed is 35.2M, with 29.6M being the total deposit. There have been more than 1,100 NFT transactions and 7,000 total accounts made in the game.
The game has all of the ingredients necessary to be successful in the long term.
DotOracle is the world’s first decentralized, non-custodial liquidity bridge network. The platform allows users to quickly and securely transfer digital assets between numerous blockchains, including MoonBeam, Polkadot, and Ethereum.
The platform is a chain-less decentralized network that connects the real world and other blockchains to the MoonBeam parachain of Polkadot. The Practical Byzantine Fault Tolerance distributed consensus protocol used by the platform provides speedy confirmation of the network. Also, the implementation of the Elliptic Curve Multisignature scheme reduces the communication complexity of the Practical Byzantine Fault Tolerance protocol.
DotOracle’s purpose is to help the Polkadot ecosystem connect and interact with other chains and the real world. One of the main functions of their platform is to act as an oracle and provide a cross-chain liquidity network for Polkadot – oracles assist underlying blockchains in connecting with the off-chain world through verifiable data inputs. The other primary function of the platform is in their bridge that allows users to transfer digital assets from various blockchains to the Polkadot ecosystem through the MoonBeam parachain.
Oracle recently announced their plans to build a liquidity network layer for Casper Network in conjunction with Arcadia Group, a blockchain software development and security consultancy. The liquidity network will enable users to move digital assets back and forth between Casper and MoonBeam Polkadot, Ethereum, Binance Smart Chain, Avalanche, Polygon, Fantom, and Tomochain. The network is the first-ever cross-chain bridge on Casper that will help Casper communicate with other chains.
DeGa Labs ensures that innovative and exciting projects don’t fall by the wayside by providing the support needed to get through the most challenging parts of the development process.