Category: Cryptocurrency News

The best way to decide to invest in a project is to follow how their strategic ventures capital evaluates the project. In this article, we will help the independent investor understand that with a case study of Real Realm. Since Real Realm IDO date is getting closer on BSC Station (Nov-23rd), the interview will help the community understand how to assess the potential of an NFT game project through the investor’s perspective. The Interview with the CEO of BSC Station – Mr. Scofield, will be very helpful for those who are interested in investing in Real Realm. What’s Real Realm Real Realm is a Blockchain-based war strategy game. Acknowledging the enormous potential in the world of blockchain, Real Realm is now integrated and enhanced, aiming to be an innovative blockchain-based game that naturally applies Free-to-Earn (Free-to-play and Play-to-Earn) mechanisms by unique algorithms. The contents of the interview 1-Could you introduce BSCStation? BSCStation (BSCS) aims to build a Full-Stack DEFI with NFT Auction on the Binance Smart Chain. It will become the economic infrastructure for Defi and NFT powered by Binance Smart Chain. We have established a $2 million fund to invest in promising Metaverse, GameFi & NFT projects in a bid to further innovation in the blockchain gaming space. 2-What do you most appreciate about the Real Realm product? I greatly appreciate that the game is designed for both free-to-play and play-to-earn players. Regarding “free-to-play”, no one is left behind. Throughout the game, players do not need to spend any funds to start their journey. Diligent players who complete the daily tasks and contribute to the game’s ecosystem even can earn enormously. 3- According to you, what are the Unique selling points that Real Realm will attract? Firstly, Real Realm has a powerful combination of the best available features out there (Multiple platforms, Community-driven, Free-to-earn and Intensive NFT stories) and new features: NFT BEP-721 Clans – groups of video game players NFT battles control This combination is unique and extremely attractive. Secondly, Real Realm Universe applies unique mechanisms that enable to establish differences between play-to-earn and free-to-play players but also remain the necessary balance for all gamers. What is even better is that those amazing characteristics are going along with the Mienacia metaverse – the trend of the new era. 4-Why did you decide to incubate the Real Realm Project? Firstly, Real Realm is a considerably potential project in the promising trend of GameFi that BSCS is aiming to invest in. BSCStation Launchpad is created as the next step for truly interoperable DeFi and NFT. A Protocol built for Binance Smart Chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Binance Smart Chain. BSCStation Incubation Hub will be a start-up incubator, a starting place and a platform for leading projects in the field of Gamefi, NFT and Metaverse as well as projects in other fields. Secondly, Real Realm is particularly outstanding in the industry as it has: – Innovative blockchain-based technology with unique algorithms – Various battle modes and diverse features for both F2P and P2F players – All transactions and data are tracked and supervised by prestigious 3rd parties Therefore, BSCS is honored and confident to become Real Realm’s incubator. 5- What is your expectation about Real Realm? I believe that the Real Realm team – a connection of skillful experts in the field of game development and blockchain technology will establish a solid ground to operate the game stably and permanently. I expect that Real Realm will satisfy the demand of earning long-term and steady profits while enjoying great games for most players, which offers the best experiences for gamers and bring mobile games up to the next levels. 6- As an incubator and strategic Advisor, what will you contribute to Real Realm?  The role of a true incubator is to help nascent projects – by providing all kinds of support and consultancy to help projects get through the survival stage. BSCS has successfully incubated many projects before by giving them full-stack support. With BSCStation Launchpad, Real Realm will be able to raise and exchange capital in a  cheap and fast manner. We will fully support all aspects at all stages from pre-IDO to post-IDO: connecting with global prestigious VCs and KOLs, marketing strategy, building community, connecting with service firms (such as market maker, anti-hacking, etc. ), consultancy on listing methods as well as supporting listing on centralized and decentralized exchanges, running farms and start pools, etc.   Photo: Unique Real Realm’s NFTs

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Bitcoin remains range-bound moving around $58,5000 and $60,500 as the general sentiment in the market flips bearish. The benchmark crypto trades at $60,327 with sideways movement in the daily chart. Related Reading | Bitcoin Turns Red, Why Bears Aim A Retest of $55K Only two weeks ago, Bitcoin was blasting through resistance levels in the high around its current levels briefly topping at $69,200. This led to an increase in over-leveraged positions and an increase in funding rates across the BTC derivatives sector that left the market vulnerable to a liquidation cascade. This event led to this week’s crash and seemed to be mainly driven by two crypto exchanges platforms. BitFinex, popularly known as a place where BTC whale conducts their operations, and Binance apparently processed a lot of selling orders. Thus, pushing the price of Bitcoin below $60,000 and into the lows of its range. Binance’s selling pressure might have already cool-off, but a single BitFinex operator persists in their relentless pursuit of further downside price action. Pseudonym analyst 52kskew reviewed this exchange’s trading orders and concluded the following: Bitfinex trying to drag down price again, actor on multiple books. Caution liquidity getting thin, yet no breakdown yet. In that sense, pseudonym traders LilMoonLambo replied that the Bitcoin Bitfinex whale dumping “is giving off serious 2014 BearWhale vibes”. The lone Bitfinex whale dumping $BTC is giving off serious 2014 BearWhale vibespic.twitter.com/yRlx1RqmB7 https://t.co/ILeDN2vJtA — LilMoonLambo (@LilMoonLambo) November 17, 2021 Bitcoin The Epicenter Of A Bear v. Bull Battle While it’s true that traders and operators could be giving BitFinex too much credit for Bitcoin’s current price action, some indicators have begun to turn pessimists, but still far from “full bear market” mode. According to Jarvis Labs, BTC’s 30-day Return indicator has dropped below 0%. As seen below, whenever this metric enters the green zone (below 0%) it’s usually an indication of future appreciation. In that sense, Jarvis Labs said: Time to pay attention if you are a bull and have been looking to buy at cheaper prices. The best times to accumulate in the past year have been when this metric was in the green zone. Some short-term holders have been shaken out and are selling at a loss, according to Bitcoin’s Wealth Multiplier. Similarly, to the 30D Return, this metric hints at a good place for BTC long-term holders to start accumulating. Related Reading | Bitcoin Funding Rates Fall Below Zero In Market Sentiment Reset Jarvis Labs marks $53,000 as the one level that must hold to continue the bull market. In addition, they want to see negative funding rates across top exchanges before starting a fresh leg up into uncharted territory. The firm said: Market needed a healthy reset and it has been ongoing this week. Needs a bit more time to cement the bottom and start a massive leg up. Give it some time and be prepared to use the green button. There is still hope for the bulls as Bitcoin has managed to stay above its critical support with quick buying pressure reacting to fresh decreases. In addition, 52kskew added the following on the alleged influence from Bitfinex whales on Bitcoin: (…) forces takers hand on perp (perpetual futures contracts) premiums while collecting funding sum. Ends very soon in my opinion.

Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.”

OneRare is reportedly garnering support from top investors as it concluded its heavily oversubscribed fundraising round of $2M to scale up its unique gaming project centred around merging Food, GameFi, and NFTs in one metaverse. It intends to appeal to foodies & gamers from different parts of the world to immerse in their massive foodverse. The fundraising will see to the effect that the emerging project will bring exceptional innovation in the imminent future. With investors such as Arkstream Capital, Momentum 6, StableNode, Exnetwork Capital, Enjinstarter, Everse Capital, Kangaroo Capital, Tag Ventures, Maven Capital, 1010 Capital, CSP DAO, Skyman Ventures, FF Ventures, ZBS Capital, and Lucid Blue Ventures, acting as key facilitators of the fundraise for OneRare, there is certainly a ground-breaking foodverse in view. Asides from its aim to foodify blockchain and usher a novel and highly innovative wave of the blockchain metaverse, the OneRare project is designed to bridge the gap between food diversity, the love of gaming, and the creativity of digital art collectibles in the NFT space. The visionary idea has caught the attention of top investors and adept advisors in the space who intend to be a major part of the project in the long term. Angel Investors including Sebastien Borget from The Sandbox, Sandeep Nailwal from Polygon, Ravindra Kumar from Frontier, Nischal Shetty from WazirX, Edmond Truong from Formation Fi, Tarun Jaswani from Unbound Finance, Shashwat Gupta from Altcoin Buzz, Prakash Somosundram from Enjinstarter, Tamar Menteshashvili from Solana, & Abhinav Sarangi from LEGO Games, amongst others, are also onboard to guide the success of the first-ever metaverse for food on the Blockchain ecosystem. Funding a New Facet of the Blockchain Metaverse Major capital firms tend to pique rapid interest in projects like OneRare. The project is taking advantage of the rapid development of the metaverse to mark the beginning of an era that will combine the love of food and gaming, alongside the burgeoning NFT sphere, into a leading-edge digital realm that is termed the ‘Foodverse’. This is going to be a novel and interesting facet of the metaverse that will bring thousands of foodies, game enthusiasts, and art creators in the NFT industry to a new and engaging aspect of the blockchain metaverse. With help from the fund, the OneRare foodverse project aims to bring the global passion for food to Web3 for the first time. Exploring a new aspect of the blockchain metaverse, the project curates the first platform for foodies to interact with the blockchain, engage with their favorite foods, play immersive games, and build a strong global community. Bolstering Widespread Awareness Of GameFi And NFTs with A Foodified Blockchain By virtue of being the first Food Metaverse, coupled with the company fundraise as a pillar, OneRare and its foodverse will offer many unique and creative opportunities for collaboration that will bolster widespread awareness of GameFi and NFTs as it aims to foodify the blockchain. By creating the first food experience in the digital sphere, OneRare has onboarded partners from the Food industry & other Web3 projects to bring about a community experience around the global passion for food. Players can explore the four areas of the Foodverse to engage in different activities to play, earn, trade & battle.The project will be soon launching on EnjinStarter and TrustPad along with a pre-IDO on Genesis Shards.

Cardano founder Charles Hoskinson has shared his thoughts on a growing industry, which is the metaverse. The metaverse has been around for a while and has been steadily gaining popularity, especially among gamers. Its cross with the cryptoverse seemed inevitable and this proved to be true when metaverse projects with crypto built into them began to debut in the space. The announcement of Facebook’s name change has also boosted the space. When the social media giant announced that it was changing its name to Meta, in anticipation of its upcoming metaverse launch, the space seems to have exploded. Metaverse-related tokens like MANA and SAND had surged astronomically. Related Reading | Cardano Founder Addresses Price Speculations As ADA Struggles In light of this newfound popularity, discussions are being had all across the crypto space about the future of the metaverse in relation to cryptocurrencies and it seems Hoskinson has high hopes. Metaverse Will Be ‘Humongous’ Mathematician Charles Hoskinson was on the Thinking Crypto podcast on Tuesday to talk about the future of the crypto space. The founder is a well-respected voice in the crypto community and host Tony Edwards took advantage of the opportunity to get his thoughts on some important topics. One of those topics was the metaverse. Hoskinson expressed bullish sentiment for the metaverse. For one, the visionary founder of Cardano expressed that the metaverse is actually a real thing. This would seem to be addressing comments around things like virtual reality that have been said to not be real. Although it is expected that as time goes on, more tech will be introduced that will enable a more “real” experience. “Metaverses are really cool; they’re a real thing, it’s not a gimmick. You need crypto to basically put a trust model into it and scarcity model into it as you kind of physicalize the digital and digitalize the physical, and it’s going to become in the next five-ten years, I think a humongous product category for cryptocurrencies.” Bridging The Virtual And The Physical As mentioned above, it is expected that with time, development in the metaverse will make it feel like the physical world. Hoskinson shared the same thought on the podcast, where he said that advances in AI, interfaces and semantics imply that Web 3.0 is a vertical layer with the metaverse above it. Related Reading | Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum “You can either overlay onto the physical world digital attributes like when you look at a building like a restaurant it shows you on your AR glasses what time does it open what time does it close or you can go completely into the digital world and actually have a virtual reality experience,” said Hoskinson. The founder added that crypto is important to the space because a control layer is needed for metaverses. This way, things like scarcity uniqueness can be forces in the metaverse, and “that’s where NFTs come into play, these types of things.” Featured image from CryptoGazette, chart from TradingView.com

But not funny in a bad way I guess. We're all here super pumped and writing a million essays about the trajectory of the bull run and how exactly it'll go and how we're all geniuses for investing into LRC and stuff, and then we get a couple days of red and everything muffles a…
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Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a  revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche. WHEAT is the Growth DeFi ecosystem’s incentive token, and it can be farmed organically by staking WHEAT, GRO, or MOR. It also plays an essential role in Growth DeFi’s new hybrid bridge product. According to the announcement post by Growth DeFi, the WHEAT hybrid bridge was created to serve both WHEAT holders and the Growth DeFi protocol. The hybrid bridge aligns incentives between WHEAT holders on different chains and provides self-adjusting incentives based on market demand to each chain. For example, users can use the hybrid bridge to exchange WHEAT from BSC to Avalanche and vice versa based on the USD prices of each token. The hybrid bridge is funded by roughly 10% of Avalanche’s daily emissions and would be updated regularly to reflect price changes in both the BSC and Avalanche ecosystems. The WHEAT hybrid bridge is an important feature that adds value to WHEAT holders on Avalanche because it aids supply reduction through arbitrage, increases yield generating assets, and provides very high APY’s on the Avalanche chain. With the launch of the Growth DeFi ecosystem, all of its features, including the newly implemented hybrid bridge and the concept of self-repaying loans for MOR and xJOE leverage farming, will be carried over to Avalanche. MOR is a Growth DeFi overcollateralized stablecoin that allows users to earn yield while borrowing and leveraging yield farming positions for LPs and single assets. The Growth DeFi team explained that the concept of MOR self-repaying loans was created with the Avalanche launch in mind. MOR collects higher performance fees on yield earned and converts them to USDC.e, injected into a secondary Peg-Stability Module (PSM), which converts the high-performance fees collected in USDC.e back to MOR. By lending through Banker Joe on Avalanche, the injected USDC.e earns yield, making the self-repaying mechanism profitable for both users and the Growth DeFi protocol. Self-repaying loans would be available for all collaterals, including AVAX/WBTC, JOE, and AVAX/ETH. The self-repaying mechanism also contributes to MOR’s status as a stablecoin by generating a daily direct flow of USDC.e into the PSM, making the process of borrowing and redeeming MOR much easier for users. Growth DeFi also recently announced a significant partnership with Trader Joe, the leading DEX on Avalanche. As a result, JOE users will be the first to benefit from the new MOR self-repaying protocol. The announcement also stated that LP providers could leverage their capital up to three times to increase farming yields. Furthermore, LP holders will benefit from the increased volume flow generated by MOR for Trader Joe. As part of the celebration of this newly formed integration with Trader Joe and the Avalanche ecosystem as a whole, Growth DeFi also announced an airdrop for xJoe holders who successfully passed their short quiz. The top 100 would receive $500 in xJoe, the top 1000 would receive $75, and the remaining winners would receive $5. The launch of the Growth DeFi protocol on Avalanche, as well as the implementation of new mechanisms such as the HYbridge for WHEAT and the self-repaying loan for MOR, indicate that there are many more positives to come from the partnership between DeFi’s leading cross-chain farming protocol and one of the fastest-growing blockchain ecosystems Avalanche, further incentivizing and adding value to DeFi.  

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