30.10.2023 | Crypto News
JASMY is a token built on the Ethereum blockchain, serving as the fuel for Jasmy, an entity dedicated to creating IoT (Internet of Things) platforms. Instead of relying on centralized servers, Jasmy's objective is to decentralize the coordination of devices and data by utilizing edge computing and storing information on IPFS, a decentralized storage network. JASMY enables the seamless transfer of tokens between devices and can be used for payment in exchange for network services.
Jasmy, a blockchain platform established in Tokyo, Japan in 2016 by Kazumasa Sato, a former employee of Sony, is dedicated to the advancement of data security and provision of data sharing services in the age of the metaverse and Internet of Things (IoT). The primary objective is to empower users to have complete ownership over their data and enable them to monetize it should they desire.
Through Jasmy's cutting-edge technology, metaverse applications built on the network can establish direct connections to facilitate seamless data exchange. This innovation paves the way for a decentralized storage solution that is specifically tailored for metaverse applications. With the emergence of Web 3.0 and the growing emphasis on data democracy, Jasmy possesses the potential to bring something truly exceptional to the metaverse landscape.
Jasmy incorporates various essential technological features and elements that contribute to its achievement of objectives:
1. Storage of Metadata.
By leveraging IoT, encryption technology, and distributed storage, Jasmy enables users to securely store code, text, information, images, videos, motion, and audio for metaverse applications. This is made possible through the utilization of a personal data locker and the implementation of the InterPlanetary File System (IPFS) for file storage. The data is distributed among users in a peer-to-peer network.
2. Identity Identification.
Jasmy offers a distinctive, unchangeable, and self-governed decentralized identity solution. This solution grants users convenient access to their data and establishes an on-chain virtual identity. Any protocol that places importance on data storage recognizes the significance of a blockchain-based system for establishing digital identities.
3. Immersive Gaming Worlds.
The Jasmy protocol facilitates the creation and storage of characters, equipment, skins, and other metaverse game assets in the form of Non-Fungible Tokens (NFTs). Users have the ability to own these assets and trade them on secondary NFT and cryptocurrency markets, thereby generating value from their own data.
4. IoT devices.
The immersive nature of the metaverse is a crucial element, highlighting the significance of IoT devices and virtual reality (VR) equipment for enhancing the user experience. The utilization of IoT technologies, sensor modules, augmented reality (AR), and VR devices is seamlessly integrated into the Jasmy protocol.
JASMY made its debut on BITPoint Japan, a Japanese exchange, on October 26, 2021. The individuals comprising the Jasmy team are Kunitake Ando, who serves as the representative director, Kazumasa Sato, holding the position of president and CEO, Masanobu Yoshida, serving as vice-president and CTO, and Hiroshi Harada, fulfilling the role of CFO.
If JasmyCoin manages to enhance the market sentiment among cryptocurrency enthusiasts, there is a possibility for the price of JASMY coin to experience continuous growth over the next five years. Based on our JASMY price prediction for 2025, it is projected that the JASMY coin could potentially reach a maximum price of $0.012888 with the ongoing collaborations and advancements in the field. In the most pessimistic scenario, the price of JASMY may stabilize at a minimum of $0.010519. The anticipated average price is estimated to be around $0.01162.
There is a strong belief that the price of JasmyCoin will significantly increase in the long term, as it is expected to attract more attention. According to our JASMY price prediction for 2030, the minimum estimated price for JasmyCoin is $0.024291, while the maximum price could reach $0.026641. The average price of JASMY by the end of 2030 is projected to be around $0.025466.
Changelly's Jasmy Coin price prediction for 2030 is more optimistic, suggesting that JASMY could trade between $0.075 and $0.092 by the end of 2030, with an average price of $0.078.
However, it is important to note that 2030 is still a significant amount of time away. The crypto market could be influenced by various unforeseen events and updates over the next seven years, making it difficult to accurately determine its future trajectory. Therefore, it is advisable to approach predictions like these with caution and not rely solely on them.
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The Jasmy platform has been gaining traction in the industry, and its value had been steadily increasing prior to the onset of the crypto winter. As more companies embrace Jasmy for data recovery or protection, the demand is expected to continue growing. If this trend persists, JasmyCoin is likely to reach new heights in the coming years. According to our JasmyCoin price projection model, JASMY presents a promising investment opportunity with a bright future.
It is important to note that our price predictions are generated using our proprietary tool and should not be taken as a guarantee of actual price movements. Forecasts are subject to change based on evolving circumstances and will be updated accordingly. It is always advisable to conduct your own research and evaluate all relevant factors before making any investment decisions.
Excitingly, JASMY tokens can be exchanged on various platforms such as top 10 crypto exchanges.