Category: Cryptocurrency News

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The term metaverse has been reintroduced online due to Facebook’s announcement that they would build a VR (Virtual Reality) social network for its users. Unlike many decentralized metaverse cryptocurrency initiatives, Meta is owned by a single entity. As digital coins are paired with the blockchain metaverse, they will authorize the administration in the metaverse sector. In 2021, GameFi and Play-to-earn received about 13% of total investments. Investments by Category: Footprint Analytics The second part of the year was dominated by big gaming announcements and stats, as the trend shifted from DeFi to NFT, then GameFi. For example, on August 6th, Axie Infinity made $17 million, beating even Honor of Kings, a top Tencent mobile game. Meta vs Decentralized Metaverse The public saw Facebook’s name renewal to Meta as they continue to be the entity that administers their social network. This adds to the criticism as users do not control the platform. The Meta, a VR social network, does not enable users to choose what they want to look like or accept while using the platform. Utilizing a decentralized governance structure, the decentralized metaverse cryptocurrency initiatives let users determine the platform’s destiny. It also allows users to make their proposals and vote on them, with the outcomes being determined by consensus. With no final say from companies/developers, it’s a strong instrument to disperse power. Using this and blockchain technologies will rebuild the authority source for its future users. Top 3 forthcoming metaverses investors can add to their portfolio #1 Decentraland (MANA) One of the popular metaverse initiatives is Decentraland (MANA). A VR social network uses blockchain technology to provide entirely transparent and equitable project governance. The platforms own currency, MANA maintains its economy and provides real-world revenue for its users. People may build their avatars and travel to virtual destinations like casinos, other regions of the globe, and even participate in VR games with other users. The website allows users to make money by purchasing and selling land designated for auctions. Users may also purchase and trade NFTs on Decentraland’s digital marketplace MANA. Sandbox #2 (SAND) Like Decentraland, The Sandbox is a virtual environment where people purchase and sell things and even real estate to generate money. It also allows users to socialize and explore the virtual environment together. Musicians like Snoop Dogg and Deadmau5 are among Sandbox’s partners/sponsors who urge more user participation. Famous series like The Walking Dead are also promoting their game. The Sandbox’s market valuation ($2.3 billion) is less than half of Decentraland’s ($5 billion), indicating that the project has a lot of room to expand when it grows to Decentraland’s stage. #3 JEDSTAR DECO and GameFi Unlike Decentraland and The Sandbox, this initiative is still in its infancy. In order to connect the cryptocurrency and fiat financial sectors, JEDSTAR is both a DeFi (Decentralized Finance) and a GameFi (Gaming Finance) initiative. Gaming to the team is important to mainstream crypto adoption. While their current token, $JED, is still early with an ideal entry point of 30M USD market cap, their new token, $KRED, is confirmed to be utilized in over 200 games in 2022. It will be a combination of in-house created games like their planned flagship CCG, Metaverse MMORPG, and in-game NFT marketplace, but also on many platforms via the world’s first CAAS (Currency as a Service) model. Their CAAS concept will enable far wider adoption of cryptocurrencies without the usual conversion obstacles. JEDSTAR will also include KRED on its hyper-casual gaming platform STARDOME, allowing ordinary gamers to purchase and trade KRED using standard payment methods effortlessly. Chainlink, FRAG Games, Remote Control Productions, and Skill Gaming have all just signed on as new partners. The JEDSTAR team recognizes that although just 4% of the world presently uses cryptocurrencies, reaching the other 96% will be challenging. Gaming employs around 40% of the world’s population, many of whom are already familiar with in-game money. JEDSTAR believed that adopting a real cryptocurrency as the basic token for Skill Gaming’s platform might readily bridge this gap. This enables broad crypto acceptance and simplicity of usage for gamers who don’t have to worry about learning and utilizing cryptocurrency. The KRED cryptocurrency is yet to debut. However, they are launching a public pre-sale for November/December, where investors may reserve tokens at a discount from the public launch price.   Image: Pixabay

Whales are taking incremental profits by selling and buying back lower only to sell again. The same is happening in the stock market as well, where low-mid caps are getting thrashed while large caps like Microsoft and Apple skyrocket in value. This gives the appearance that the market is doing good, because large caps determine…
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Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw… Here’s how you can join them.

The book describes how DeFi improves upon traditional finance’s failings by raising up “marginalized groups,” including the unbanked.

Hey guys. a week ago I started investing my money in cryptos (eth). I started with 20€ and right now I have 17€ (I'm young, I dont have much money(. I am 15 years old and very little experience with these, could you give me some advice? submitted by /u/toninrm12 [link] [comments]

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Colexion stays at the forefront to empower India’s gaming enthusiasts to shape their future and provide multiple growth opportunities. Launching the world’s biggest NFT drop of 30 celebrities on 12th December IST. Being the second-most populous country, India has the largest number of mobile gamers in the world. And with the advancement in blockchain and VR/AR technology, the gaming industry is paving its way to disrupt the industry with rapidly increasing users each passing day. Video games have considerably evolved in the past few decades. In fact, the global gaming market, which was valued at USD 173.70 billion in 2020, is predicted to reach USD 314.40 billion by 2026, with a CAGR of 9.64% between 2021 and 2026. The fact that people can earn while playing and then sell it to other people is what has been the driving force behind the popularity of gaming. Today, people are trying different ways and tactics to channelize their creativity and explore all the futuristic opportunities in the virtual world. Therefore, it’s imperative to understand the basic differences between crypto gaming and NFT gaming. While crypto gaming stays outside all the disadvantages of centralization, NFT in gaming allows users to enjoy ownership rights of their exclusive games. This further adds value to gaming, making it much more popular within the gaming world. To simplify this, Crypto gaming uses cryptocurrency to earn and transact with other players. On the other hand, NFT gaming offers a much more complete experience focused on using native currency to generate and collect unique gaming assets that can be used in the game for special actions and powers. Colexion is built to provide infinite opportunities to emerging digital artists where users collect, battle, and earn tokens or rewards while playing. Play-to-earn is a whole new paradigm based on creating real-world value out of in-game items and other forms of digital goods using non-fungible tokens, cryptocurrency and other blockchain technologies. The platform is launching its first set of NFT trump cards featuring 30+ legends from the entertainment and sports fraternity on December 12th, 2021 at 12:12:21 pm IST. The Trump Cards will enable users to play and win games. In addition, NFTs will contain voice-overs of profound celebrities to make fans feel more connected to them. With its NFTs, Colexion will provide a chance for users to meet their stars in person and win their signed merchandise. Positioning itself at the intersection of innovative NFT digital collectibles, this initial NFT drop will serve as a model for celebrities who wish to offer fans verified ownership of their digital currency along with perks embedded in the Colexion ecosystem. As traditional gaming requires a more complex setup, virtual gaming has been evolved to make the overall user experience seamless and unified. And Colexion, through its easy-to-use interface, will empower individuals to strengthen their community and earn recognition among others. With the rise in popularity of NFTs in 2021, virtual gaming brings digital assets and identity into the player’s hands, riding on the push for decentralization in the gaming industry. Investors have taken notice of the trend, with Polygon being a major investor. Speaking about the future of gaming, Founder Abhay Aggrawal says, “NFT gaming is emerging as a gigantic sector that has enormous potential. We offer our users a virtual and real-world experience through the latest innovation and technology. We provide an opportunity to play with NFTs and earn revenue through it. Our NFT marketplace will also provide the gathering of trading cards as NFTs to set up your NFT card collection. While it is no secret that the NFT market is growing to become a billion-dollar industry, games are one of the best-suited use cases of NFTs that have enormous potential for growth”. Having said that, Colexion manifests a new generation of games, where gamers will get the freedom to explore different opportunities and operate from a place that is free of any restrictions and earn rewards for the same.  

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