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Have a wonderful weekend ahead, Geckos!
Another slow day for BTC, but there are still plenty of things being built! In today's news:
Read on! |
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24h Hot Searches Worldwide 🔥 |
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Most Popular NFT Use Cases |
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Our survey found that the crypto community had rather mixed opinions about the best use case for NFTs.
Nevertheless, gaming and metaverse items turned out to be the most popular NFT use case, which 17.2% of participants felt to be the most bullish. |
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Members only 🕹️ The company behind Aavegotchi, Pixelcraft Studios, is planning to launch its own Layer-3 gaming blockchain.
Known as 'Geist,' the network will function as a permissioned blockchain, where only certain users are given access in order to combat botting and reduce player churn rates.
Unlike other blockchains that use a specific technology stack, Geist will use multiple scaling solutions, such as Arbitrum Orbit, and utilize the Base Layer-2 to settle transactions.
Players will be able to access Geist through various methods, such as owning an Aavegotchi NFT with a recurring subscription model to maintain their membership on the network.
However, existing NFT owners will be eligible for a free membership, but the exact criteria have yet to be announced.
On Geist itself, players will be able to access exclusive games, airdrops, and features such as loot boxes and gasless transactions.
As expected, the network will also utilize Aavegotchi's GHST token as the network's native token.
Yet, since Geist was announced, the price of GHST has actually dropped by 4.3%, from $0.81 to $0.775 today.
Editor's Note: Subscription services are not a new phenomenon in the conventional gaming space, but implementing it for crypto games is an interesting decision, especially with the current cadence of quality games and content that is being produced. With that said, gaming consoles have already been running subscription packages for games for a while now, so there is a potential for Geist to be a hit if they manage to secure the right titles to keep players engaged. |
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In this video, we cover the potential reasons for the recent market downturn and what to look out for next! |
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Blink across the cryptoverse 👁️ Using the OKX Wallet, users can now utilize Solana Blinks across EVM chains!
Claiming to be the first multi-chain wallet to implement this feature, their new product allows users to generate OKX Wallet URLs, which can be shared and accessed through different online platforms.
With the addition of multi-chain Blinks, users can perform an even broader range of transactions with zero fees.
However, the Blinks feature is currently only available through the browser extension of the OKX Wallet. |
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NEAR Introduces Chain Signatures - a groundbreaking Chain Abstraction solution built on NEAR enabling the next chapter of Chain Abstraction by allowing smart contracts and accounts to sign transactions on any chain. |
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In this article, we'll explore how Agoric aims to revolutionize crypto UX, making it easier to experience seamless cross-chain opportunities with fewer transaction signatures required. |
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In today's article by Footprint Analytics, we take a look at GalaChain and how it serves as the backbone of Gala's Web3 entertainment ecosystem across games, music, and film. |
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In Other News... The New Crypto ETF King. The Wall Street giant BlackRock has overtaken Grayscale in terms of crypto assets under management. BlackRock now manages $22 billion in Ethereum and Bitcoin ETFs. dApps Coming To Stellar Network. Phoenix DeFi Hub is now one of the first dApps to debut on the Stellar blockchain. With smart contracts recently introduced, Stellar is shifting its focus towards providing DeFi services.
Ethereum Card Game Live On Epic Store. Titled The Lost Glitches, this card game is hosted on the Layer 3 network Xai and is currently in open beta. The sci-fi card battler is scheduled for a full launch later this year.
Arthur Hayes Bitcoin Ordinals Collection. The BitMEX co-founder is set to launch a collection called Airhead. This NFT series will showcase balloon-like head figurines that inflate in proportion to the amount of Bitcoin held in the minting wallet.
Binance Is Back in India. After seven months of being banned, the cryptocurrency exchange is back following a successful registration with the Indian government.
Mantra Chain Unveils Another Round of Airdrops. The Real World Assets (RWA) focused blockchain has announced a new round of airdrops valued at approximately $50M. The eligibility criteria have been disclosed, and once again, prominent NFT communities are included.
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Here are the top trending coins for this week! |
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Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! |
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