Web3 Project Opportunities to Follow in 2024

On February 20th, a well-known project opened its airdrop for claims, and on the same day, its token was listed on multiple trading platforms, with the price soaring to $7 at one point, bringing considerable profits to many participants.

This event has led many people to start looking for the next potential project. Whether they are investors who participated in the aforementioned projects or those who missed this opportunity, they are actively searching for new projects worth investing time and energy in for 2024.

This article will introduce 7 projects worth following in 2024. Among these projects, some are potential airdrop projects that the market generally views favorably, some have clearly announced that they will conduct airdrops, and others are still in the testnet stage, allowing for zero-cost participation in interactions.

Confirmed Airdrop Projects

Linea

Linea is a zk-rollup solution that allows developers to deploy and develop smart contracts just like on Ethereum, while providing users with a lower-cost transaction experience. The project has launched several rounds of task activities and recently introduced a new interactive platform. Participants can earn points by completing tasks, but they need to pass identity verification first. Although the verification process may be somewhat cumbersome, it also reduces the likelihood of witch attacks.

Kroma

Kroma is a general ZK Rollup based on the Optimism Bedrock architecture, developed by a tech company. The project initially used zkEVM technology based on another project, operating as an Optimistic Rollup with ZK fault proof. Kroma's goal is to fully transition to ZK Rollup when ZK proof technology becomes more mature. Currently, Kroma is conducting further testing and optimization on the testnet.

The L2 project developed by this Korean team has announced its tokenomics model: tokens are expected to be issued in 2024, with 7% of the tokens allocated to the community. In January of this year, Kroma just concluded a 9-week community event. For users who missed the event, they can refer to the following aspects to supplement their on-chain records:

• Use the official cross-chain bridge to transfer funds from the Ethereum mainnet to Kroma
• Experience third-party cross-chain bridges supporting the Kroma ecosystem
• Provide liquidity on the designated platform for at least 3 days
• Purchase a domain name on relevant platforms
• Participate in community activities to obtain specific roles.

Potential Projects

Scroll

Scroll is the native zkEVM Layer 2 solution of Ethereum, capable of achieving native compatibility with existing Ethereum applications and tools. It achieves higher throughput and lower costs by processing transactions off-chain and publishing concise correctness proofs on-chain.

LayerZero

LayerZero is a cross-chain interoperability protocol designed for lightweight messaging across chains. It provides a trusted and guaranteed messaging service, allowing users to customize the level of trustlessness.

zkSync

zkSync is a Layer 2 scaling solution that utilizes the latest generation of zero-knowledge proof technology to maintain the security properties of the underlying blockchain. All funds are held by smart contracts on the main chain, while computation and storage are executed off-chain. Each Rollup block generates a state transition zero-knowledge proof, which is verified by the main chain contract.

These three projects have always been regarded as top projects alongside a certain well-known project. Currently, one of the projects has issued tokens and achieved good market performance. For the remaining three projects, industry insiders generally recommend following the following aspects:

• Maintain long-term account activity (it is recommended to be active for more than 3 months)
• Maintain a reasonable balance in the wallet
• If managing multiple addresses, you can use data analysis tools to gain a comprehensive understanding of the status of each address.

Testnet Project

Berachain

Berachain is a DeFi-based EVM-compatible L1 public chain built on the Cosmos SDK, using a liquidity consensus proof mechanism. The project is valued at $420 million and has raised $42 million in funding. In January of this year, Berachain launched its public testnet, and within just a few days, the number of addresses surpassed 1 million.

Main activities to participate in the Berachain testnet include:

• Regularly receive test tokens
• Token swaps and providing liquidity on the trading platform
• Participate in governance activities
• Mint specific tokens
• Experience the lending feature (currently suspended for upgrades)
• Participate in contract trading
• Complete community tasks to earn badges
• Create Domain

Fuel

Fuel is a UTXO-based modular execution layer designed to provide globally accessible scaling solutions for Ethereum. As a modular execution layer, Fuel can increase global throughput in ways that a single chain cannot, while maintaining the security of Ethereum. The project has secured $80 million in funding and launched the beta-4 testnet last September.

The steps to participate in the Fuel testnet include:

• Create Fuel wallet
• Claim test tokens
• Use the exchange platform provided by the project
• Create Domain Name

These projects showcase unique technical features and development potential. For users interested in participating in the Web3 ecosystem, these projects offer diverse participation opportunities. However, it is important to note that any investment decision should be based on a thorough understanding of the project background, technical characteristics, and risks.