Yachtify (YCHT) Emerges as the New Face of Web 3 as Chainlink (LINK) and Theta Network (THETA) Fail to Perform

Web 3 projects have received massive attention from investors as experts refer to them as the future of the internet thanks to their decentralized networks and their ability to transform the investment space.

Yachtify (YCHT), a new Web 3 project, has been described as the next big thing for the industry as it solves a major problem in luxury boat investment. On the other hand, two prominent Web 3 projects, Chainlink (LINK) and Theta Network (THETA) have seen their number of investors as they have underperformed in the market.

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Yachtify (YCHT) Atrracts Web 3 Investors

Investors are trooping into Yachtify (YCHT) because it is the world’s first Web 3 project to transform the $100+ billion luxury industry. Yachtify is a decentralized network that offers multiple income-earning opportunities for both yacht owners and investors.

Yachtify will allow anyone with as little as $100 to take part in the ownership of a yacht, ski, or speedboat. This will be made possible with fractionalized NFTs that will be minted anytime for investors.

These fractional NFTs will represent ownership in the yacht, ski, or speedboat, and will be backed by the physical asset. Yachtify doesn’t stop there as the platform will allow investors to earn a portion of the rental and lease income generated by the yacht.

Yachtify's (YCHT) presale, which is presently in phase one, has gotten a lot of attention, as many investors are buying the token. Yachtify's current price is $0.1, and it is projected to climb as more investors join in. The platform is currently offering a 30% incentive to new investors.

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Theta Network (THETA)

Theta Network (THETA) is a decentralized video delivery network designed to challenge the likes of YouTube and Netflix. While Theta Network (THETA) has reached certain milestones, it still lies far behind the more centralized streaming services.

The native token of the Theta Network (THETA) has not performed better either. In the last 24 hours, the price of Theta Network (THETA) has collapsed by more than 5%.

At the time of this writing, Theta Network (THETA) trades at $0.916 despite reaching highs of $1.28 this year. Theta Network (THETA) is ranked as the 50th largest crypto with a market cap of $916 million.

Chainlink (LINK) Consolidates Despite Avalanche Integration

Chainlink (LINK) is one of the biggest names in the Web 3 space, as it is one of the first projects to connect people and businesses to blockchain data from different networks. The unique offering of the project quickly made Chainlink (LINK) one of the top investment choices.

However, in recent times the price of Chainlink (LINK) has declined strongly, followed by a long consolidation. In the last 24 hours, the price of Chainlink (LINK) has dropped by more than 4% despite the Avalanche Fuji testnet launching Chainlink (LINK) Functions on its network.

More worrying is the lack of price action for Chainlink (LINK) in 2023. Year-to-date, the likes of Bitcoin (BTC) are up over 70%, but Chainlink (LINK) has managed only 15% gains, leading to investors migrating to the likes of Yachtify (YCHT).