The most expected Airdrop projects that could reward the community by the end of 2024
The upcoming few months of 2024 may become active in the crypto market in terms of the emergence of new tokens through Airdrops. This mechanism is a form of distributing cryptoproject tokens to early users for certain actions at a designated time. Most often, tokens are given out as incentives or for marketing purposes.
Crypto startup teams can reward participants with native tokens from their platform for their participation in project development. When cryptoassets are listed on trading platforms, this can bring users hundreds or even thousands of dollars in profit.
This form of crypto-asset distribution became actively used after the eirdrop from decentralized exchange Uniswap in 2020, when the platform launched a native UNI token, distributing it to more than 250,000 users. Each user received at least 400 UNI tokens, which at the rate at the price peak in May 2021, the value exceeded $17k. Below is a list of the most expected airdrops that may occur before the end of 2024
Linea
Linea belongs to a group of projects owned by ConsenSys, one of the most important players in the cryptocurrency market. Its products include the popular cryptocurrency wallet MetaMask, as well as the Infura network node provider, which allows various services and developers to interact with the Ethereum network.
Linea is on the list of the most promising eirdrops of the coming year and is a layer 2 solution for scaling Ethereum. The network already hosts more than 100 applications with a total blockchain liquidity of more than $430 million, according to Defillama as of mid-October.
Berachain
Berachain is focusing on decentralized finance (DeFi) by developing its own blockchain network. This category includes blockchain-based services that allow trading, lending and borrowing without the use of traditional intermediaries such as banks. The startup has raised $142 million from Polychain Capital, with investors also including Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures.
Karak
Karak is a multi-network platform that allows re-purposing cryptoassets into re-staking, as the EigenLayer project does. The protocol's functionality allows the use of different tokens to support the operation of decentralized applications, not just native coins like ETH. The project has raised $48 million led by Lightspeed Venture, as well as from Coinbase Ventures, Pantera Capital and Digital Currency Group (DCG).
Grass
Grass is a startup from the decentralized physical infrastructure networks (DePIN) sector. Develops an app that allows users to sell their unused internet bandwidth and allocate it to AI training. Raised $4.5 million from Polychain Capital and Tribe Capital in 2023, and raised a round for an unnamed amount from Hack VC, Delphi Ventures, Lattice, Brevan Howard Digital this year.
Fuel Network
Fuel Network is a second-tier Ethereum-based solution. It uses its own developments, different from competitors such as Optimism and Arbitrum, and plans to provide higher security and throughput. The project has raised $81 million in investment from Blockchain Capital, Stratos Technologies, Spartan Group The Spartan Group.
Initia
The project is a modular blockchain platform that will simplify the interaction between different blockchains, as well as their creation. Initia has raised $25 million from a group of investors led by Theory VC, as well as Binance Labs, Hack VC, Delphi Ventures and Brian Pellegrino, founder of crypto project LayerZero.
Zora
Zora is a blockchain platform designed specifically to interact with non-fungible tokens (NFTs), simplifying their creation, distribution and trading. The project has raised $60 million from Haun Ventures, Coinbase Ventures and Kindred Ventures. According to CoinMarketCap, more than 4 million NFTs have been issued on Zora since the project launched in 2021.
Farcaster
Farcaster is a decentralized protocol based on the Optimism crypto project for running social applications similar to X (Twitter) or Reddit. The project has become widespread in the crypto community and is actively used, for example, by Vitalik Buterin. The project managed to raise $180 million from companies such as Paradigm, Andreessen Horowitz (a16z), Variant Union Square Ventures, Standard Crypto, Haun Ventures, Coinbase Ventures and Multicoin Capital.
