Weekly Altcoin update – Week 30 This week’s update is quite pa | House Of Chimera

Weekly Altcoin update – Week 30
This week’s update is quite packed with updates and upcoming developments. We will analyze $XCAD and $ZIL in this week’s update.

Zilliqa
Zilliqa is going strong with upcoming developments on ZIL-4. The yearly event is a birthday celebration of the Zilliqa platform, and traditionally there is quite some buzz and hype surrounding it. The event focuses on the upcoming developments of Zilliqa and partners and will have some guest speakers such as Raoul Pal (Founder/CEO of realvision.com).

What to expect of ZIL-4?
Well, we could get an update on the ETH <-> ZIL bridge and some of its implications. I think we will get an update on the Zilliqa Capital, considering we didn’t get that for a while now. The impact of Zilliqa Capital on the Zilliqa ecosystem has been slightly underwhelming so far, so we might see an update on that. Zilliqa is having multiple partners and projects building on to the platform, it would make sense to give a few of these partners and projects some air time to give them an opportunity to explain their upcoming developments and the way they are heading.

ZilHive is planning to share something they have been working on for months. This could be another fund to accelerate projects or something else that focuses on the adoption of the Zilliqa ecosystem.

I think we would see some updates on the upcoming developments of the roadmap of 2021. Currently, Layer 2 is still in the research and ideation phase and needs still a lot of work. It would be great to hear if an L2 solution will be implemented this year on at least the testnet.

XCAD Network
XCAD Network has released the roadmap last week, and it looks quite good. The roadmap gives investors a rough idea of what to expect in this quarter and the upcoming quarters up to Q1 2022. There are a few points on the roadmap of this quarter, which House of Chimera wants to discuss further.

Announcing further Creators & first creators enrolled into XCAD Program
This is in our opinion the most important point of all the points on the roadmap. A newly launched project needs to keep developing its product while increasing the adoption rate of that specific product. XCAD Network is further developing and deploying its product while allowing more creators to join their product. Network usage is underrated in the cryptocurrency industry, but it is one of the most important metrics to benchmark projects to each other.

XCAD DEX release
As stated in our report, the DEX is crucial for the adoption of creators. This component allows the creator to monetize their content, by making their content creator tokens liquid by the ability to trade them on the DEX.

Plug-in Mainnet launch
While the DEX is essential for the creator, the Plug-in is essential for the audience/viewer and creator. The plug-in creates value for both parties, by rewarding the audience for their watch time while the creator benefits from the higher probability of recommendation of the YouTube algorithm. The importance and all the implications of the YouTube algorithm are stated in our research paper on XCAD Network.

The roadmap of XCAD Network is packed with developments and it shows the adoption strategy that XCAD Network has taken to overcome certain obstacles. House of Chimera is happy to be part of the community of XCAD Network and is excited about the future of XCAD Network.

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