Month: December 2021

MicroStrategy Remains One Step Ahead With $94M Bitcoin Purchase

MicroStrategy has once again doubled down on its bitcoin holdings with another purchase. This time around, the company spent almost $100 million to add more BTC to its mammoth holdings. The company which has been buying bitcoin since 2019 has stuck to its promise to invest heavily in the digital asset and has been the only company to continue buying through the dips.

MicroStrategy Buys More Bitcoin

MicroStrategy announced that it has bought more bitcoins to add to its balance sheet. The publicly listed company had bought a total of 1,914 BTC between December 9th and 29th. Each of the BTC was bought at an average of $49,229 and the total cost of the bitcoins purchased came out to $94.2 million.

Related Reading | Bitcoin Only Works For The Wealthy, Senator Elizabeth Warren

MicroStrategy’s CEO Michael Saylor, took to his Twitter account to share the news of the purchase with his followers. Saylor who is a vocal bitcoin proponent is one of the reasons the company had begun purchasing the digital asset after he disclosed his holdings to the board and demonstrated his returns.

MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin. $MSTRhttps://t.co/tNxDwaT8VD

— Michael Saylor (@saylor) December 30, 2021

The company also published a disclosure that made the sale known. Funds for the recent bitcoin purchase were apparently raised from selling shares of the company, which MicroStrategy has done at various points in the past to raise money for its buying sprees.

BTC recovers to $47K | Source: BTCUSD on TradingView.com
The Sole Driver Behind Corporate Investing

MicroStrategy has made a name for itself as being the public company with the largest bitcoin holdings in the globe. However, lesser-known is the fact that it remains one of the top drivers of institutional investment in the digital asset.

Bitcoinist reported that MicroStrategy alone accounted for about 71.4% of all BTC holdings by companies. With its most recent purchase, the company has no doubt pushed this figure even higher, widening the gap between it and other companies who currently bitcoin on their balance sheets.

Related Reading | The Year Of Alt Season: Altcoins Dominate Market In 2021

The company has spent about $3.75 billion on BTC in the past two years. This investment has paid off handsomely as the company’s total bitcoin holdings now sit above $6.1 billion, indicating that it has been a lucrative investment for them. The company now holds a total of 124,391 BTC on its balance sheet with its most recent purchase.

Its announcement of its bitcoin strategy earlier in the year had prompted other companies such as Tesla, Square, Aker, and Meitu to also disclose their bitcoin holdings. However, MicroStrategy is the only company that has continued to purchase BTC, buying an average of 3,000 BTC per month in the third quarter of 2021.

Featured image from Bitcoin News, chart from TradingView.com
Read More

The SEC Appoints New Senior Advisor for Cryptocurrency Oversight

The Securities and Exchange Commission has hired Corey Frayer to advise Chairman Gary Gensler on regulations of cryptocurrencies. Frayer’s previous experience includes operating as a professional staff member of the Senate Banking Committee and policy adviser for the House Financial Services Committee.

The US watchdog has a complicated history with the cryptocurrency space. The appointment of Gary Gensler as Chairman earlier this year was considered by many as a positive step for the industry since he was “intrigued” by crypto and taught blockchain classes at MIT.
Under his command, the Commission finally greenlighted two Bitcoin ETFs earlier this year, even though they are backed by futures contracts, not spot BTC. Gensler believes futures-backed Bitcoin ETFs could provide more protection for investors.
Yet, the SEC continues to dabble with implementing specific rules on the digital asset space, despite recent meetings between regulators and crypto executives.
In the latest attempt to enhance its cryptocurrency observation, the Commission has hired Corey Frayer to advise Chairman Gensler on “SEC policy-making and interagency work relating to the oversight of crypto assets.”
The announcement explained that Frayer has experience with several senior roles in the country’s political landscape.
Apart from the aforementioned positions that he occupied, Frayer has also spent a decade as a senior advisor “working on issues ranging from consumer and investor protection.”

Shiba Inu and the Rest: Top 8 Influential Altcoins in 2021

Another year has passed, and so many things have happened in the cryptocurrency industry that it’s hard to grasp it all took place within 12 months.

With this article, we will take a look at some of the most influential altcoins throughout 2021. This doesn’t aim to summarize solely price performance, although it’s been considered, but the overall impact on the market, as well as potential future implications.

It’s also worth noting that it’s questionable if the market would have turned out the way it did if it wasn’t for Bitcoin’s stellar performance in terms of both price and adoption. While it might not have increased in value as much as some altcoins, it remains the driving factor within the cryptocurrency field and the stepping stone for the vast majority of institutions.

However, Bitcoin’s declining market dominance (read: its share relative to that of the entire market) has been on the decline in 2021. Data from CoinMarketCap shows that it declined from roughly 70% to about 40% in the span of 12 months, clearly indicating the huge demand for altcoins throughout the year.

With this said, let’s dive into the top 8 most influential altcoins in 2021.

Ethereum (ETH)

It feels like a lot of what happened in 2021 was because of Ethereum. While the network has been clogged by the astronomical demand for decentralized applications (dApps), Ethereum continues to propel a movement that’s only catching more speed.

2021 was significant for the network for quite a few reasons. Back in August, the protocol implemented the so-called London hard fork. Among other things, the statewide upgrade integrated the Ethereum Improvement Proposal (EIP) 1559, changing ETH’s tokenomics massively.

The move was aimed to reduce the transaction fees, which had long proven to be an issue for the network. Instead of having to send gas fees to miners for the transactions to be included in a block, users now send gas fees to the network itself. This is referred to as basefee, whilst there’s also an optional tip that users can pay to miners. The basefee gets burned, and it’s set algorithmically – so it can vary from block to block depending on the network congestion. At the time of this writing, approximately five months after EIP 1559 was introduced, there’s over 56,900 ETH burned, currently worth about $215 million.

In essence, this shifted ETH’s tokenomics by reducing the rate of inflation since now there’s a deflationary mechanism in place. In fact, at one point, albeit for 24 hours, the burning rate was higher than the emission rate.

This, in conjunction with other factors such as overall bullish market conditions, DeFi booming, non-fungible token mania, and many more, are just some of the reasons for ETH’s strong performance against BTC, as seen in the chart below.

ETH/BTC. Source: TradingView

Dogecoin (DOGE)

While many consider Dogecoin to be a joke, 2021 was the year when it managed to prove people otherwise.

At the time of this writing, DOGE is the 12th biggest cryptocurrency with a market capitalization of over $23 billion. It has been at the forefront of one of the hottest trends of the year – the memecoin mania – and is undoubtedly responsible for onboarding plenty of newcomers in the world of cryptocurrencies. Of course, an argument can be made that a lot of the investors who rode the hype train got burned, but it’s undeniable that, for a time, Dogecoin was what every TradFi and crypto investor was looking at.

It legitimized memes to an extent where multiple online and brick-and-mortar merchants accepted it for payments.

Heavily propelled by the world’s richest man, Elon Musk, DOGE was on every TV show across for quite some time. Musk even said that it’s better suited for being used as a currency than Bitcoin while also making clear that Tesla will accept it for some of its merchandise. Most recently, the Dogecoin Foundation joined forces with Vitalik Buterin to also build community staking.

All of this made Dogecoin one of the best performers of the year while also leaving a permanent mark on the industry.

Source: CryptoPotato archives

Shiba Inu (SHIB)

It’s unreasonable to consider any 2021 altcoin list without including SHIB in it. We won’t go in-depth about SHIB’s developments during the year but instead, focus on the jaw-dropping price increase instead.

And since we don’t want to be dealing with lots of zeros, let’s talk in percentages. In the past 12 months alone, the price for SHIB increased by, wait for it, 44,234,210%. This means that an investment of as little as $1 would have turned into $442,343. An investment of 1 cent (that’s right – $0.01) would have turned into $4,423.43.

There are plenty of other cryptocurrencies in the top 100 that produced whopping and mind-numbing gains, but nothing comes close to this. Regardless of whatever people think of SHIB, the astronomic giga-chad gains alone justify it being on the current list.

Shiba Inu was the most popular cryptocurrency on CoinMarketCap in 2021 and was also at the forefront of one of the hottest trends of the year.

Solana (SOL)

Solana achieved something special in 2021 in terms of both price performance and overall developments.

It established itself as a leading layer one protocol, albeit with its own issues to face, among a community of devoted and enthusiastic users. It saw an influx of developers shifting from Ethereum towards it in search of a scalability solution while users flooded the network seeking quicker transactions and lower fees.

Data from DeFi Lama shows that the total value locked in Solana is currently about $11.5 billion, which is a tremendous increase. For comparison – in March this year, it was less than $150 million.

TVL in Solana. Source: DeFiLlama

In terms of price, SOL surged from about $1.5 in January to $175 at the time of this writing, gaining over 11,000%. It tapped an all-time high at around $260 earlier in the year.

Binane Coin (BNB)

BNB was at the forefront of the Binance Smart Chain mania that we observed earlier in the year. As users were seeking for Ethereum alternatives and were desperately demanding more affordable, quicker, and scalable DeFi primitives, BSC emerged as a go-to response.

In February this year, the unique addresses of the network tripled in less than a week. This growth accelerated further, and suddenly everyone was obsessed by finding the next big thing on the Binance Smart Chain.

And since BNB is to BSC what ETH is to Ethereum, its value skyrocketed. BNB has spent a lot of the time in 2021 being the third-largest cryptocurrency by means of total market capitalization and has charted an impressive YTD increase of about 1268%.

Avalanche (AVAX)

Avalanche is another layer one protocol that really took off in 2021. The increase in AVAX’s price seems to be directly correlated with the growth of its ecosystem.

Most recently, Circle announced that its USDC stablecoin (which is amongst the largest stablecoins by means of market cap) went live on Avalahcne in a bid to empower its native DeFi ecosystem. It seems that the narrative is pretty similar to what drove Solana and the Binance Smart Chain to prominence.

By now, the metagame of layer ones seems quite obvious in hindsight, and it’s pretty much the exact same protocols native to these layers that tend to perform extremely well as well.

Avalanche attracted tremendous value locked in various protocols running in its ecosystem and tapped massive partnerships throughout the entire year. Aave got deployed on it, OpenOcean also integrated on the network, and so forth.

Axie Infinity (AXS)

Axie Infinity’s AXS token is one of those strong performers that baffled everyone in 2021. While it failed to bring the same gains as SHIB, it’s one of the contenders, for sure. The cryptocurrency is up by slightly less than 18,000% in 2021, but that’s not what’s most impressive.

AXS established itself as the first play-to-earn game and paved the way for a trend that would, later on, become one of the hottest in the industry.

Axie Infinity is a game where users can purchase characters called Axies, breed them, train them, increase their capabilities, and, ultimately, take on the world of adventure or play versus other players. By doing so and competing in various in-game tasks, they earn cryptocurrency, further propelling the P2E model.

Luna (LUNA)

LUNA is the cryptocurrency of the Terra ecosystem, and it’s one that’s been absolutely raging as of lately.

As of the time of this writing, the total value locked in Terra is almost $19 billion. For comparison – it was around $3 million last December. Interestingly enough, it has become the second-largest network by this metric after Ethereum, surpassing the likes of BSC, Avalanche, and Solana.

TVL in Terra. Source: DeFiLlama

A big part of Luna’s growth has also been the overall adoption of the Terra USD – a decentralized algorithmic stablecoin based on Terra’s blockchain. It’s currently bolstering a market cap of $10 billion, making it the biggest algorithm stablecoin on the market as well as the third-biggest stablecoin after USDT and USDC.

All of this propelled LUNA’s price as well, as the cryptocurrency is up 13,300% in the past 12 months.

Crypto Price Analysis Dec-31: Ethereum, Cardano, Ripple, Solana, and Luna

This week, we take a closer look at Ethereum, Cardano, Ripple, Solana, and Luna.

Ethereum (ETH)

On Tuesday, Ethereum fell below $4,000 (level acting as resistance right now) after it could not sustain its rally from the previous week. The price made a lower low and closed the past seven days in red with an 8% loss.

The current price action has formed a large descending wedge (in blue) which is a bullish formation as long as the price can manage to break above it after the correction is completed. This possibility is also confirmed by the MACD histogram that on the daily timeframe has been making higher lows, suggesting a bullish divergence is materializing as the price is moving within the wedge limits.

Looking ahead, it is unlikely for ETH to leave the wedge any time soon and if the correction continues, the cryptocurrency may even reach $3,300 before a potential breakout. The current support at $3,600 has held well so far, but the price has been making lower lows and lower highs, indicating a bearish trend. If ETH can close a daily candle above the wedge, then it has a good chance to return on the uptrend.

Chart by TradingView

Cardano (ADA)

ADA failed to move above $1.5 which is currently acting as resistance after a sustained rally from the $1.2 support level. This most recent rejection led to a loss of 8.6% in the past seven days.

The biggest challenge for ADA is to move back above the trendline that has been held since March 2020 and was lost on December 9th. ADA tried to get back above this key trendline on three occasions, but each time it got rejected – most recently on Tuesday.

ADA is currently in a downtrend and may retest the key support level in the coming week. Its volume shows the interest is high and until a breakout takes place, the price is likely to be stuck in a range between $1.5 and $1.2.

Chart by TradingView

Ripple (XRP)

XRP had a tough week after being rejected by the $1 resistance level. This caused it to lose most of the gains made in the previous week, closing the last seven days in red with a 15.6% loss in price. The current support is found at $0.75 and should provide a good defense zone for buyers.

Due to the decline, the indicators have turned bearish with the daily MACD completing a bearish cross today and the RSI falling under 50 points. Nevertheless, the RSI managed to complete a higher low, despite the correction. Therefore, the bulls have a good chance to reverse the downtrend soon and attempt another attempt towards the $1 resistance.

Looking ahead, if XRP can stop the downtrend in the coming week, then buyers may come back to propel the price towards the key resistance which so far has proven quite challenging.

Chart by TradingView

Solana (SOL)

SOL’s rally came to an end on Tuesday when the overall market turned around. The price fell below the ascending wedge in blue (which was a bearish formation) and stopped on the $170 support, thus losing 7.9% in the past seven days.

The cryptocurrency failed to sustain its rally from the previous week and the resistance at $205 proved too difficult to break on a first attempt. The price is currently consolidating just above the current support level and if SOL can stop the downtrend here, then it has a good chance to recover next week.

If buyers return to SOL, then it may attempt a new break of the key resistance at $205. Until then, its price is likely to remain in a range between $205 and $170.

Chart by TradingView

Luna

After setting an all-time high last week at just over $100, Luna entered a correction and closed the last seven days in red with a 4.9% decline.

The current support for Luna is found at $78 and the price is likely to retest this area before any hope of a renewed uptrend. The resistance at $100 proved to be too hard to break as sellers took profit at this key psychological level.

Looking ahead, Luna’s indicators on a daily timeframe turned bearish after the rejection at the key resistance. For this reason, the price correction may take some time to complete, despite the bullish fundamentals behind the Terra – Luna ecosystem.

Chart by TradingView

 

Last Weekly Recap of 2021: Russia’s Crypto ETF, BTC Below $50K

There are just a few more hours left to 2021 and what a wild ride it has been! Surely, it was the most explosive year in the cryptocurrency market in terms of both adoption and price performance. This is our last weekly recap and, unfortunately, things are not looking their best.

Starting with BTC, the past seven days ended with a 5.4% decline and the cryptocurrency retracing back below $50K. At the time of this writing, bitcoin’s price sits at $48K, up 1% in the past 24 hours.

Things were looking good for BTC but it was on Monday when everything took a turn for the worst. The cryptocurrency was rejected at $52,000 and started plunging towards $50K. This level was also lost the following day and the price found a potential local bottom at above $46K.

The altcoins market is not looking any better. Ethereum trades at a 8.8% loss, while BNB is down 5.1%. Sol is down 8%, ADA – 9.5%, Luna – 5%, DOT – 4.7%, but XRP lost the most – 15.5% in the past seven days.

It’s interesting to note that there weren’t any negative catalysts. On the contrary – positive news came from Russia – a country that has been historically critical of the nascent industry. Sberbank – Russia’s biggest bank – launched an exchange-traded fund (ETF) that tracks prominent companies from the industry such as Coinbase and Galaxy Digital. This seems like a big step, considering its previous hostility.

In any case, we are entering a brand new chapter and opening a clean slate. Is a bear market coming in 2022 or will it be even better than 2021? Only time will tell.

With all of the above said, the entire team of CryptoPotato wishes you a Happy New Year!

Market Data

Market Cap: $2,359B | 24H Vol: 88B | BTC Dominance: 40.3%

BTC: $47,615 (-6.4%%) | ETH: $3,758 (-8.8%) | ADA: $1.34 (-9.5%)

Top 5 Crypto Trends in 2021. Another year is behind us and this time, we take the opportunity to explore the hottest trends of 2021. These come in no particular ranking as all of them excelled in specific areas.

MicroStrategy Buys Another $94 Million Worth of BTC Amid $49K. MicroStrategy shows absolutely no signs of slowing down when it comes to buying more BTC. The company just revealed another whopping buy of around $94M worth of bitcoin at an average price of about $49,200.

FTX’s SBF Outlines Key Steps to Move the Crypto Industry Forward into 2022. The CEO of FTX, Sam Bankman-Fried, came out with e an extensive Twitter thread to outline the key steps to move the entire cryptocurrency industry forward into 2022. Regulations, needless to say, were among the prime talking points.

Sberbank Launches The First Blockchain-Focused ETF in Russia. The leading Russian bank, Sberbank, launched a blockchain exchange-traded fund that tracks the leading companies in the industry. These include Coinbase and Galaxy Digital. This is a first for the country.

Polygon Dodges a Bullet: Patches a Bug That Put $24 Billion Worth of MATIC at Risk. Polygon, one of the leading layer-2 solutions on Ethereum, introduced a recent upgrade after discovering a vulnerability that put almost all of MATIC’s supply at risk. The patch came after two whitehat hackers informed their bug bounty platform of the issue.

While BAYC Spiked 35% in 90 Days, Other Popular NFT Collections Plunged in Value. NFTs are a wild ride. Throughout the past three months, while some of the projects such as the Bored Ape Yacht Club saw their floor prices increase considerably, others were left in the dust with notable losses.

Charts

This week we have a chart analysis of Ethereum, Cardano, Ripple, Solana, and Luna – click here for the full price analysis.

More Crypto Games Than Ever Before Appear at Casinos

If you’ve bet with Bitcoins and other cryptocurrencies before, you’ll understand new crypto casinos are springing up all the time. You’ll probably also know that the days of homebrew titles are behind us, with many of today’s top casino games now playable with BTC, LTC, ETH and others. Just how many and what types of cryptocurrency games can you expect to play at top casinos, though.

There are several thousand games at Rollers.io and similar casinos, and many of those span the most popular genres around. Let’s take a closer look at the specific crypto casino games you should expect to see in any betting site worth its salt in 2021.

Play Virtually All Major Slot Hits

Pop into the “right casino”, and you’ll find virtually all major slot machines available to play as cryptocurrency-friendly releases. Of course, there are always one or two software providers who haven’t yet made the leap to offering crypto-friendly slots, but most have. Today, games like NetEnt’s Starburst, Pragmatic Play’s Wolf Gold, and Play ‘n Go’s Rich Wilde and the Book of Dead are can all be played with cryptocurrencies, or at least with Bitcoin.

Try Your Hand at RNG Table Games

While slots form the lion’s share of any cryptocurrency casino’s arsenal of games, they aren’t the only titles you can choose from. Many traditional casino games are available to play, too, including baccarat, blackjack, roulette, and table poker. You’ll also find craps, dice games, Asian favorites like Sic Bo and others. These games can appear in one of two formats. RNG games (random number generator) are played against an AI dealer, with no human element present. Each hand is determined at random using an algorithm.

Opt for Realism with Live Dealer Casino Titles

The other way that you can play table games is to opt for the live dealer approach. Evolution Gaming, Ezugi and many top live dealer providers have also made their games crypto-friendly. These games are played over a live video stream and feature a human dealer. These games include most of the same table games as you’ll find with RNG release, albeit with the game show, money wheel, and Asian favorites like Dragon Tiger, Teen Patti and Andar Bahar thrown in.

The sense of atmosphere and realism brought to human-led games is unrivaled and blows most RNG table games out of the water. Even so, the short betting windows and sense of urgency involved may not be every crypto casino player’s cup of tea.

Something Simple with No Experience Necessary

If you prefer something simpler, perhaps games with no experience necessary, these options are also available to play at crypto casinos. They include keno and bingo games, scratch cards, fixed odds, instant win titles and even virtual sports betting games. While simplistic, the basic idea behind them is that you can sit down to play with no experience or foreknowledge of how these games work.

Ultimately, It’s All Down to the Software Providers

Ultimately, the array of crypto-friendly games you can find at online casinos comes down to the content partnerships it has with software providers. Some sites sign deals with global behemoths such as SoftSwiss, giving them access to an immense selection of games. Others feature open gaming platforms, where the biggest providers host games from fledgling developers. Sites such as Rollers.io have naturally crafted excellent partnerships with many of today’s leading developers to ensure that there is plenty for you to enjoy when you choose to play cryptocurrency games at their sites.

 

Image: Pixabay
Read More

Bitcoin Long Traders Bear The Weight As Liquidations Continue

Bitcoin liquidations have continued as the year draws to an end. The year has been rocked with liquidations that have gone past the $100 billion mark and there does not seem to be a stop even as 2022 rolls around. Long traders have had to bear the brunt of the losses given the recent downtrend. As bitcoin looks set to finish the year off below $50K, these losses will continue well into the year.

Bitcoin Liquidations Continue

Data on the 12 and 24-hour scales on Coinglass shows that bitcoin liquidations have not really slowed down. This number has climbed for the past 12 hours as of the time of this writing and has grown past $31 million in the same time period. For the 24-hour volume, the number is much higher at $46 million but shows more losses recorded over the last 2 hours than the whole day.

Related Reading | Bitcoin Only Works For The Wealthy, Senator Elizabeth Warren

This follows the general trend of 2021 that has seen long traders suffer tremendously in the market. While there certainly was money to be made for these long traders due to the various bull rallies that the market experienced, the crashes were swift and brutal leading to quick liquidations that went into the billions of dollars.

BTC trading at $47K | Source: BTCUSD on TradingView.com

Bitcoin short traders have been doing well with the downtrend as bears continue to drag BTC’s price down. The majority of the liquidations recorded for the digital assets have been for long traders. The highest volume has been from crypto exchange Binance which hosts the majority of traders in the market given its trading volume.

Ethereum Trades Not Left Out

Bitcoin traders are not the only ones suffering the effects of ongoing market liquidations. Ethereum traders are also bearing a significant portion of the weight with this. The digital asset has also seen traders get rekt on both the 12 and 24-hour time frames, with liquidations going into the tens of millions.

Like bitcoin, the 12-hour liquidations have made more impact than their 24-hour counterparts. Ethereum liquidations for the past 12 hours have come out to over $21 million. While on the 24-hour scale, there have been a total of $38 million in liquidations going on.

Related Reading | Bitcoin Should Not Be Measured In Dollar Terms, Says Pompliano

Long traders are once again seeing the majority of the losses. Since ETH’s price, moving in tandem with that of bitcoin has continued to decline, these long traders are seeing their positions liquidated and are incurring heavy losses. Additionally, Binance is also the exchange recording most of the liquidations on this end.

LUNA traders are also feeling some of the heat with over $2 million liquidated in the past 24 hours. If the market continues its current trend, traders may only be seeing what is the start of a stretched-out period of liquidations.

Featured image from Time.com, chart from TradingView.com
Read More

Enjin’s Efinity Won Polkadot’s Sixth Parachain With $214M Raised

Enjin is wrapping up 2021 in grand style as its scalable, decentralized, and cross-chain NFT infrastructure, Efinity, emerged as the winner of Polkadot’s last parachain auction for the year.

With 7.7M $DOT contributed by over 20,000 community members, @efinityio has won the 6th @Polkadot parachain auction!

Thank you to everyone who has supported us in our endeavor to bring #NFTs to Polkadot.

To Efinity and beyond! pic.twitter.com/n2ffJEr53C

— Enjin | We’re Hiring! (@enjin) December 30, 2021

Over $214 Million Raised

Efinity won the sixth parachain slot after raising almost 7.7 million DOTs worth over $214 million from more than 8,600 stakeholders who locked their funds in favor.

Congratulating the project for the win, Polkadot noted that Efinity will go live on March 11, 2022, at the beginning of lease seven, alongside the winners of the following five auctions that will be held before the onboarding.

Congratulations to @efinityio on winning Polkadot’s sixth auction!

Enfinity will be onboarded at block #9,388,800 [roughly March 11,2022] at the beginning of lease 7 with the other winners from auctions 6-11. Over 8.6K network stakeholders locked up DOT in favor! pic.twitter.com/vTKqR3XyhX

— Polkadot (@Polkadot) December 30, 2021

Building the Next-Generation NFT Marketplace

Efinity is a project developed by blockchain gaming company Enjin as a cross-chain NFT infrastructure that creates ecosystem interoperability and incentives for users that engage with NFTs.

With nearly all the previous winners of Polkadot’s parachain slots DeFi-related, Efinity believes that “the interconnected blockchains – and indeed the world – needs an updated network for sharing digital assets.”

The cross-chain network describes itself as “the next-generation NFT marketplace.” It aims to leverage Polkadot’s ecosystem to build a decentralized metaverse that will allow users to exchange and transfer non-fungible tokens across blockchains.

Polkadot’s Parachain Slot Winners

Polkadot started its parachain slot auction on November 11, 2021, after years of planning. Parachains are an integral component of the Polkadot structure, and they represent custom and project-specific blockchains integrated within the network.

Since the auction commenced, Polkadot has conducted six auctions, with the winners being Acala, Moonbeam, Astar, Parallel Finance, Clover Finance, and most recently, Efinity.

With an estimated 100 parachain slots available on Polkadot, winners will be able to connect to the network by leasing a slot on the Relay Chain for up to 96 weeks with an option to review.

Meanwhile, Polkadot’s seventh parachain auction is scheduled for January 7, 2022.

KRebles NFT, a Project Focused on the Preservation of Koalas, Will Go on Sale on Jan 15

[PRESS RELEASE – Please Read Disclaimer]

KRebels, an NFT project focused on the intersection of cutting-edge technology, art, and saving the endangered Koalas, announced that its public sale will take place next January on its web portal.

The public sale of the KRebels NFT allusive to the koalas will take place on January 15, 2022 at 22:00 UTC, on its website, where users can mint one of the Ethereum blockchain 9,999 Koalas NFT available for sale.

With widespread industry adoption forecasted by 2023 and the potential to generate nearly USD 3.1 trillion in new business value by 2030, blockchain technology has the potential to create, alongside decentralized metaverses, a new economy that will push the boundaries between the physical and virtual worlds.

KRebels will have a preponderant role in this new economy being created, beyond the hype behind NFTs. The reality is that the future is already here and we would like to claim our place in it as a truly new concept in the industry.

KRebels is a project that seeks to raise awareness about endangered species such as Australian koalas, which were severely affected by the 2020 forest fires.

The Red List of the International Union for Conservation of Nature, the authority on the conservation status of the world’s species, assures that the koala population is in the process of decline and, therefore, it is vulnerable to extinction.

In 2016, experts estimated a population of around 330,000 koalas, which represented an average decrease of 24% in the population compared to the three previous generations.

KRebels is the first project to use non-fungible tokens (NFTs) issued through blockchain technology to raise awareness of the dangers inherent in climate change and its devastating effects on vulnerable species such as Australian koalas.

9,999 works of art tokenized on the Ethereum blockchain inspired by koalas are part of the theme of this collection presented by the KRebels Project, in order to generate the necessary resources to support foundations in charge of safeguarding these species, at the same time as raising awareness in the digital art loving crypto community.

Regarding the public launch of the sale of koalas NFTs, Creator and CEO of KRebels pointed out that “the public sale of our NFTs is an important step to raise awareness about the preservation of these species and other similar ones that are found in danger of extinction, and the power that blockchain technology has to help them”.

About KRebels

KRebels is an avant-garde NFT project focusing on the intersection of cutting-edge technology, art, and saving the endangered Koalas.

KRebels is utilizing cutting-edge technology to raise awareness for a good cause. KRebels’s in-house artist has created 9,999 different koalas inspired artworks that are being turned in unique NFTs on Ethereum Blockchain.

Luna Rush: An Idle RPG Blockchain Game Introduces Anime Style Immersive Experience

[PRESS RELEASE – Please Read Disclaimer]

Play-to-Earn gaming is one of the hottest trends to emerge from the blockchain industry that is driving the growth of crypto and non-fungible tokens and it’s easy to see why. Blockchain-based games build an exciting ecosystem with a unique gaming model that represents an innovative convergence of the physical world and the digital realm where players are rewarded handsomely with crypto assets or NFTs by partaking in games they would probably play for free. It’s no wonder the industry of play-to-earn games has sizeable traction with an estimated 1 billion online gamers and a thriving economy that recorded over $20 billion in revenue in 2020.

Over the next few years, game-changing innovations will stem up from this industry. Mass adoption is underway and several projects are laying the foundation for this gaming revolution.

Biggest Anime Gameplay Backed by Helios Entertainment

Luna Rush is an emerging play-to-earn game built on the blockchain ecosystem with incredible features and a unique model to give players an exhilarating gaming experience. The project is an idle NFT role-playing game designed to highlight the innovative aspects of P2E and blockchain technology.

Luna Rush was developed by one of the big names in the game development and publishing industry– Helios Entertainment. Luna has been designed with a focus on engaging levels and interesting strategies all perfectly blended with a new Anime theme. Every character embedded in the game has been programmed to enliven each gaming session with splendid details and a top-level skill effect. With a wide range of game modes to choose from, players can access different fascinating game levels for a robust play-to-earn experience.

Since blockchain technology is gaining momentum in the gaming dynamics which everyone wants to embrace, Luna Rush, although still in its infancy, is positioned to leverage this revolutionary technology to develop and fully establish an open and decentralized economy that aeons-old conventional games could not achieve.

Luna Rush is looking at building an inclusive GameFi Marketplace where players can exchange NFTs and incredible in-game assets while they interact with other players. The project will be expanding its net from Binance Smart Chain to Solana in 2022. Luna is also designing a unique farm-to-earn feature in Boss Hunting for gamers to earn hugely. The project will feature a large 3D map of Luna World with 6000 digital lands that will integrate with virtual reality for an upgrade into the growing metaverse. Landowners, among other advantages, will benefit from the tax of every reward generated on their lands.

A New Wind In NFT Gaming

Luna Rush is combining profitability, value, and fun in an exceptional anime style, for players to get the best of cost-effective entertainment as they enjoy the game and explore the Luna Marketplace of unique Non-fungible Tokens and an immersive metaverse.

Curated uniquely to usher in a new wind in the NFT gaming ecosystem, Luna Rush features 11 in-game warriors,  each one possessing breathtaking skills. Players can power up and boost these warriors by level and fusion. The fusion requires players to give up one or two warriors to increase the power of another. This is a fascinating mechanism that will control the inflation or non-fungible tokens in its marketplace. This mechanism will ensure sustainability and redefine this gaming sphere.

Luna Rush is also oriented towards moving the NFT gaming landscape further towards mainstream adoption and widespread use. The project is giving users full control over their in-game assets and a plethora of opportunities to explore in the world of NFTs. Luna Rush is working towards building a community of NFT lovers and P2E enthusiasts through highly beneficial airdrop and bounty programs. The project will organize several community events and engagement campaigns that will propel the gaming landscape.