The COTI TestNet is now live and this has lead the team to reveal a number of new names. There was 14 announced in total and we know there are over 100 companies or projects building on the COTI V2 TestNet. I expect these announcements revealing who they are will happen over the coming weeks and months.
Today we now know about MEW My Ether Wallet, AnChain.ai which is a cyber security company powered by AI, Carbon Browser which apparently is a leading decentralized web browser, Dojima which provides cross chain infrastructure for ease of use, UNKJD a Web 3 gaming company which I guess would mean user privacy with regard to wallets etc, ZNS an Ethereum name service provider, Staking Rewards which would also mean privacy and confidentiality, Hacken blockchain security auditor plus BizThon, L2Beat, Gitcoin, Poolz and finally Privacy Guardians.
The Bank Of Israel has been included in the COTI ecosystem these days as COTI is the only blockchain and Crypto project involved developing their CBDC's. This is actually bigger news than you can imagine as what is developed can also be run out for other countries wanting a turn key solution.
Other projects we already know about are working in decentralized DeFi with Privex and expect tis to become really big. The ability to make the MEV bots useless is good news for everyone who is investing and trading in crypto. The MEV bots will not be able to read the encrypted trades and therefore cannot scalp your trade which means you make the money they were once stealing.
These new names actually mean nothing to me besides he fact that they will be using COTI V2 and this will hopefully result in more demand for COTI V2. The fees generated will also be a great bonus for those staking in the COTI Treasury which boosts the APR being earned.
The real use cases taking shape is what we all want to see happen in our crypto projects because then at some point you would expect to see the cross over value reflecting in the token price. COTI is far more than just a payment solution provider which we saw achieve $0.66 back in November 2021. This next time around COTI will be an Eth Layer 2 token and why I do expect far more knowing the value of the other L2 tokens by market cap. We know what tech COTI has developed and t is far more valuable than other L2 tokens which if matched by market cap would see COTI be closer to $10. This doesn't always work out like this so it is something to keep an eye on and be aware.