Inspect is a pioneering Layer 2 solution for X (formerly Twitter) in the web3 domain, aiming to empower users with enhanced control and insights in the crypto landscape. It represents a significant step in integrating social media with the web3 and crypto ecosystems, offering tools and functionalities catering to seasoned crypto enthusiasts and newcomers.
Inspect is a leading web3 Social Intelligence platform that launched in 2021. It was initially focused on providing insights into the NFT space, particularly recognizing the importance of Twitter in the crypto community.
Over time, Inspect has evolved into a comprehensive Layer 2 solution for the broader web3 space, offering a range of analytics, news aggregation, and transaction capabilities directly from social platforms. Initially focused on NFTs, Inspect provides analytics for over 20,000 tokens as of December 2023.
Inspect operates as a multifaceted platform with several core functionalities:
> Web3 Analytics Tool: Utilized by a large user base, it offers deep insights into the web3 ecosystem, including NFTs and tokens.
> Browser Extension: Enhances user experience by providing easy access to on-chain wallet data.
> Blockchain Integration: Inspect integrates with major blockchains like Ethereum, Solana, Polygon, and Avalanche, promoting interoperability across different ecosystems.
> Broad Scope: Initially focused on NFTs, Inspect now provides analytics for over 20,000 tokens.
> Chain Expansion: The platform supports multiple blockchain networks, enhancing its reach within the NFT community.
> Partnerships: Collaborations like the one with Moonpay facilitate direct crypto transactions on Twitter.
> Information Hub: Inspect aggregates news and information, offering a comprehensive view of the web3 world.
> Wallet Analytics: Provides real-time insights into wallet data, simplifying complex information for users.
> User Base Growth: The platform has seen a 40% increase in users in two months till Decemer 2023, indicating its rising popularity.
Inspect (INSP) was launched in 2021. It started as a web3 Social Intelligence platform primarily focused on the NFT space and has since evolved to provide a broader range of services in the web3 ecosystem.
> Inspect Foundation Goals: Focus on innovation and simplification of the crypto experience.
> Community Involvement: Expansion and inclusivity through a DAO governance model.
INSP, the native token of the Inspect ecosystem, has the following use cases:
> Platform Governance: Token holders influence the platform’s evolution and decision-making.
> Payment Functionality: INSP serves as a payment option, facilitating transactions and driving demand.
> Community Rewards: The token incentivizes user engagement and rewards community members.
> Trading and Investing: Trade Inspect crypto on the KuCoin Spot Market against other crypto assets to profit from changing market conditions and volatility. Buy or sell INSP or hold it long-term, but ensure you make decisions only after DYOR.
Period | Change | Change (%) |
---|---|---|
Today | $-0.0028 | -5.61% |
7 Days | $0.00564 | 13.56% |
30 Days | $-0.01162 | -19.73% |
3 Months | $0.02921 | 162.04% |
The INSP token is a utility and governance token, marking the decentralization of the Inspect platform. It has a total supply of 1 billion tokens and launched in December 2023. According to the Inspect tokenomics, the INSP token distribution is as follows:
1. 16% was allotted to the Community Foundation
2. 17.4% of INSP supply was set aside for liquidity
3. 15% was issued to Inspect’s core contributors.
4. 12.% each was allocated for the strategic sale round and ecosystem growth.
5. 12% of INSP tokens were issued during the Inspect private sale.
6. 8% went to the project’s advisors, 5% was reserved for staking activities, 1.33% went for the APE public sale, and 0.2% was issued via a public sale on Bybit.
Here are some factors that make $INSP token an interesting asset to invest in:
As a leading Web3 Social Intelligence platform, Inspect offers unique insights into the NFT and broader crypto market, which could be valuable for investors looking to make informed decisions in these areas.
Initially focused on NFTs, Inspect has broadened its analytics to cover over 20,000 tokens and expanded to additional blockchain networks. This diversification could offer more comprehensive insights and utility to its users.
The Inspect Foundation's focus on innovation and creating user-friendly tools for the Web3 space indicates a commitment to continuous development, which could lead to future growth and increased token value.
Being the first Layer 2 solution for X (formerly Twitter) in the Web3 domain positions Inspect at a unique intersection of social media and blockchain technology, potentially offering a first-mover advantage in this niche.
While the volatility in the crypto market makes it challenging to offer a reliable INSP crypto price prediction, the following factors could help you understand the price movements in the Inspect crypto:
The basic economic principle of demand and supply significantly influences the Inspect token price. If more people want to buy INSP tokens than sell them, the INSP to USD price will go up. Conversely, if more people want to sell than buy, the price of Inspect crypto will decrease.
As Inspect's platform gains more users and broader adoption, particularly given its focus on Web3 social intelligence, the demand for INSP tokens can increase, potentially driving up the $INSP price.
Continuous development and updates to the Inspect platform, which improve its functionality and user experience, can positively influence the Inpsect token value.
The broader trends in the cryptocurrency market can also impact the INSP price. Bullish trends in the market often lift the prices of many cryptocurrencies, while bearish trends can lead to a drop in the Inspect token price.
Some of NFT Inspect’s partners include Avalanche, MoonPay, Polygon Labs, Ethermail, Ronin, Axie Infinity, and MultiversX.
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