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Cryptocurrency News Articles

Web3Bay Sells 420M Tokens as Users Abandon ICP and MATIC for Tokens With Real World Utility

May 08, 2025 at 03:00 am

As crypto ventures explore the future of online interaction, a new wave of platforms is redefining how users experience commerce.

Web3Bay Sells 420M Tokens as Users Abandon ICP and MATIC for Tokens With Real World Utility

Crypto venture capitalists are always looking for the next big thing, and right now, there's a lot of buzz around Internet Computer (ICP) and Polygon (MATIC). Both projects have made headlines recently, and their tokens are showing promise. However, one presale project has managed to sell 420 million tokens and raise over $1.7 million despite the crypto winter.

Enter Web3Bay, a blockchain-powered marketplace that's aiming to bring together the best of both Web2 and Web3. The platform supports familiar payment options like PayPal in addition to cryptocurrency transactions, making it an accessible entry point for mainstream users.

At the heart of Web3Bay's model is the 3BAY token, which grants holders voting rights over the platform's future. This structure gives users a sense of ownership and purpose beyond simply buying and selling products. Moreover, the 3BAY token provides a 5% discount on purchases made using the token.

The project's presale has been performing exceptionally well, raising over $1.7 million and selling more than 420 million tokens. Currently in Stage 5, each 3BAY token is priced at just $0.00524.

The momentum is clear—interest in Web3Bay is growing rapidly among both crypto investors and mainstream users. This approach contrasts sharply with typical presales focused purely on speculation.

Instead, Web3Bay offers a token with utility rooted in real-world application. By comparison, by integrating elements familiar to Web2 users and combining them with blockchain benefits like transparency, security, and user ownership, Web3Bay is constructing a model that could broaden crypto adoption beyond early adopters.

In turn, this blend of practical commerce tools and decentralized control may be what sets Web3Bay apart as more users seek platforms that offer both accessibility and long-term value.

Polygon (MATIC): Linking Web2 Giants with Blockchain Infrastructure

Polygon has become one of the most talked-about Ethereum scaling solutions, known for its low-cost, high-speed transactions and seamless interoperability.

Its recent integrations with global platforms like Stripe and Instagram highlight its role in bridging Web2 users into Web3 ecosystems.

Over time, MATIC has maintained a strong developer base and is used by numerous dApps.

In Q1 2025, however, its price performance reflected broader market trends. Starting January near $0.53, MATIC saw a sharp decline during February, dipping below $0.40.

By early May 2025, the token had dropped to around $0.22, still a fraction of its all-time highs.

Despite the bearish trend, Polygon remains active in expanding use cases, particularly in gaming, payments, and enterprise solutions.

This Layer-2 infrastructure continues to attract developers focused on scalability and mass adoption.

Ultimately, while the crypto winter has slowed down the pace of adoption, MATIC’s long-term positioning as a bridge between mainstream platforms and decentralized apps continues to solidify.

Internet Computer (ICP): Decentralized Application Hosting at Scale

Internet Computer (ICP) was visioned to create a new internet by offering a decentralized alternative to traditional cloud infrastructure.

In particular, its ability to host full-stack applications directly on-chain provides developers with an end-to-end Web3 experience, mimicking the simplicity of Web2.

Over the years, ICP has gained attention for its ambition to run large-scale apps without relying on centralized services.

In Q1 2025, the project showed mixed signals. The token started the year trading above $12 but entered a downward trend by February.

By May 2025, ICP had dropped to around $4.46. Still, despite the price decline, the ecosystem achieved a record $5.66 million in revenue during Q1, marking a 38% growth from the previous quarter.

This indicates growing usage of the platform even in a soft market.

Looking ahead, with its unique architecture and developer-friendly model, ICP continues to appeal to teams building next-generation dApps focused on performance, security, and censorship resistance.

Web3Bay Presale Momentum as Token Practicality Outpaces Hype

While projects like Polygon and Internet Computer are steadily building the infrastructure for future blockchain adoption, their recent market movements highlight the gap between technology and immediate user traction.

On the other hand, Web3Bay is drawing attention for delivering a practical use case during its early stages.

By combining on-chain governance with traditional payment support and clear transactional benefits, the project is creating an experience that resonates with both crypto users and those entering the space for the first time.

As the presale progresses, Web3Bay stands out for its focus on real-world commerce and long-term token utility rather than speculation.

Join Web3Bay Presale Now:https://presale.web3bay.io/

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