Crypto Currents: Insights and Developments in the Digital Frontier
Hennessy, NBA Top Shot, Shiba Inu Price, Solana Incubator, and More
SUMMARY
Bandai Namco explores blockchain mobile gaming
BlockBar collabs with Hennessy for a new bottle by artist Johnsville
GAM3 Awards December 14 -300+ nominations & $2 million in prizes
Shiba Inu shows a bullish trend with growing investor interest
XRP's price movement draws comparisons to the 2017 Bitcoin fractal
Pepe and Solana debated as indicators for Bitcoin pullbacks
Binance CEO's net worth drops by 82%
Solana Labs launches incubator program
CRYPTO SENTIMENT
CRYPTO HEAT MAP
NUMBERS FOR THE NERDS
CRYPTO MARKET CAP
NFT SENTIMENT
NFT HEAT MAP ETHEREUM
NFT HEAT MAP SOLANA
NFT VOLUME
TOP SALES LAST 24 HOURS
UPCOMING MINTS
Bandai Namco, a prominent Japanese game publisher, is actively researching blockchain integration into mobile gaming for the Asian market. According to Karim Farghaly, the SVP of Corporate Development at Bandai Namco, Web3 technology is viewed more positively in Asia than in the West, resulting in increased blockchain gaming activity in the region. The company has partnered with blockchain firm Double Jump.Tokyo and released an NFT-based virtual pet game called Ryuzo. Farghaly believes that blockchain games, particularly in the mobile gaming sector, will thrive and appeal to gamers interested in owning and trading digital assets. Mobile gaming is expected to drive the adoption of Web3 and crypto, with iOS and Google facilitating asset transfer and minting
Hennessy collaborates with its Café 11 Web3 program members and artist Johnsville to create an NFT-linked limited-edition bottle, offering a digital-physical experience on BlockBar, a leading NFT platform for spirits. The redesigned bottle showcases Johnsville's artwork inspired by Parisian café culture, and NFT owners from Café 11 can redeem the physical bottle starting on July 31, 2024. This isn't Hennessy's first NFT venture with BlockBar; they previously introduced a special golden edition of Paradis cognac through the platform in September 2022.
NFT trading cards represent a unique convergence of culture, art, and blockchain authenticity, offering potential for value maximization through strategies that prioritize rarity and growth in this ever-evolving space. Thorough research, including an understanding of historical significance and market demand, is crucial when investing in NFT trading cards. Notable exemplars like NBA Top Shot and Curio Cards showcase the potential of this asset class. To unlock their full potential, it's essential to showcase these cards on NFT marketplaces, social media, personal websites, and even physical galleries. The creation process involves the crafting of digital assets, minting them as NFTs, and listing them on relevant platforms, inviting collectors and enthusiasts to explore this dynamic fusion of art, technology, and community.
NBA Top Shot: An NFT marketplace where fans can trade, sell, and buy NFTs of NBA moments. These NFTs are highlight clips that function like trading cards.
Curio Cards: A set of 30 unique digital NFT trading cards featuring artwork from seven different artists. They were one of the first NFT art projects completed on the Ethereum blockchain.
Candy Digital: The official NFT platform for Major League Baseball. It allows fans and collectors to buy, sell, and trade officially licensed MLB NFTs.
Sorare: A digital soccer game allowing users to buy, sell, trade, and manage a virtual team using NFT player cards.
Axie Infinity: A popular NFT game that allows players to collect, battle, raise, breed, trade, and build a digital kingdom for their pets, called Axies.
Gods Unchained: The world’s first free-to-play multiplayer blockchain-based game. The NFT trading card game uses the Ethereum blockchain.
The GAM3 Awards is set to honor the best in Web3 gaming on December 14. This year's event will feature over 300 game nominations across 19 awards, with a prize pool of over $2 million sponsored by industry giants like Amazon and Google. Notable games like Big Time, Illuvium, and Star Atlas are up for consideration, and new categories like 'Best Fighting Game,' 'Best Sports Game,' and 'Best On-Chain Game' have been introduced. The awards are determined by a panel of industry experts, with some categories influenced by public voting. The event will be livestreamed on GAM3S.GG's social platforms.
Shiba Inu (SHIB) has been on a strong bullish trend, reclaiming a key low from last December. The coin's current price stands at $0.0000078, despite a 2.5% dip in the last 24 hours, marking a 14% surge over the past week. Analysis indicates crucial liquidation levels at $0.0000077 and medium liquidation levels between $0.0000078 and $0.0000079, which could signal market sentiment shifts and potential pullbacks. A significant chart obstacle for SHIB is at $0.0000083, historically acting as a strong resistance point. Bitcoin's performance could influence SHIB's ability to overcome this obstacle. SHIB has seen a surge in the total number of addresses, reaching 3.63 million, suggesting growing investor interest and profitability. Despite challenges, SHIB's outlook remains promising.
Speculation is growing in the crypto community as analysts draw parallels between XRP's current price movement and the 2017 Bitcoin (BTC) fractal. The similarities between the two have caught the attention of many. XRP is currently in a consolidation phase, similar to BTC's in 2017, which led to a massive price surge for BTC. However, it's essential to note that XRP faced a significant setback due to the SEC lawsuit against Ripple, causing a crash. With three consecutive victories over the SEC in recent months, some wonder if XRP is poised for a significant breakout. Analysts are optimistic, with some suggesting XRP could unleash significant pent-up potential once it overcomes its legal challenges. However, caution is advised, as lawsuits and regulatory actions can impact cryptocurrency prices. XRP is currently trading at $0.5509.
Pepe, a memecoin, is being closely monitored by some crypto market observers as an indicator for potential Bitcoin pullbacks. Onchain Capital co-founder and Crypto Banter host Ran Neuner has suggested that when Pepe experiences significant gains, it could signal an overheated crypto market and a possible Bitcoin pullback. However, not everyone is convinced by this theory, as Pepe's price is often correlated with Bitcoin, making it a challenging indicator to use. Some traders are looking at Solana (SOL) as a potentially more reliable predictor of market movements. The accuracy of using memecoins like Pepe as indicators is a subject of debate among crypto enthusiasts.
Binance CEO Changpeng Zhao's net worth has fallen by 82%, dropping from $96.9 billion to $17.3 billion. The decline is attributed to Binance's 38% drop in trading volumes amid regulatory scrutiny. Binance has faced lawsuits from regulatory authorities, including the SEC and CFTC, for alleged violations. The prolonged crypto market downturn has contributed to a decline in trading volumes across the industry. Zhao's wealth is closely tied to Binance, and the company has experienced challenges and regulatory pressures in recent times.
Solana Labs has launched an incubator program aimed at helping startups scale and build on its network. The program will offer support in engineering, fundraising, and go-to-market strategies for teams interested in developing on the Solana network. With a total value locked (TVL) of $1.254 billion and around 114 decentralized applications (dApps) deployed on its network, Solana aims to provide guidance to overcome technical and operational challenges faced by startups in the blockchain space. While the exact amount of monetary support is not specified, Solana Labs will tailor its support to each team's specific needs, offering assistance in engineering, fundraising, and go-to-market strategies. The program aims to support technical founders addressing specific user needs and driving real solutions within the Web3 ecosystem.
Sometimes when you’re in a dark place you think you’ve been buried but you’ve actually been planted. Keep you perspective clean.
Happy Friday Nerds!
MadLove