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Introduction
$MOCA is the underlying resource that powers the Moca Network, an interoperable consumer network with a pre-existing ecosystem of 450+ companies seeded by Mocaverse and Animoca Brands. With $MOCA, users can gain access to and participate in consumer dApps in key cultural verticals like gaming, sports, music, and IP. This is enabled by Mocaverse’s interoperable infrastructure layer of Account, Identity, Points, and Reputation.
What is Phaver (SOCIAL)? Phaver (SOCIAL) is a decentralized social media platform that puts control back into the hands of users. Unlike traditional platforms where large corporations own the content, Phaver uses Web3 technologies to ensure that users have ownership of their posts and data. Web3, often referred to as the next generation of the internet, focuses on decentralization and blockchain technology, giving people more control over their online experiences. Phaver aims to blend the best features of social media with the benefits of blockchain, creating a more open, secure, and transparent platform. It offers a space where users can share, discover, and interact with content, but with a fundamental difference - users truly own their content, and they have the ability to earn rewards for their contributions. Who Created Phaver (SOCIAL)? Phaver was co-founded by a talented team of professionals, each bringing years of experience in their respective fields. Let’s take a closer look at the key players behind this platform: ● Joonatan Lintala, Phaver’s CEO, co-founded the platform. He previously worked at Google and was employee number seven at Smartly.io, where he built and led global sales teams. Joonatan played a crucial role in expanding the company's operations into the U.S. market. He also serves as a board advisor to Shook Digital, a TikTok marketing partner, and Pomar, a shoe brand. ● Tomi Fyrqvist, Phaver’s Ecosystem CFO, co-founded the platform and brings a wealth of financial expertise. He has worked at Goldman Sachs, Alibaba, and AXA Ventures Partners. Tomi also led global business development at Daraz, an Alibaba-owned e-commerce company in South Asia. ● Carlo Hyvönen, the CTO and another co-founder, has over a decade of experience as a full-stack developer. Before co-founding Phaver, he worked at Veikkaus, a real money gaming company, where he led machine learning efforts and developed a recommendation system for over two million customers. ● Tom Hämäläinen, Phaver’s Head of Analytics, also co-founded the platform. He previously co-founded Coinmotion, Finland’s largest crypto payment service provider. Tom has extensive experience in full-stack development and is skilled in Solidity, a programming language used for developing smart contracts on the Ethereum blockchain. What VCs Back Phaver (SOCIAL)? Phaver has attracted significant attention from investors, securing backing from several major VC firms such as PolygonVentures, Swissborg, NomadCapital, SymbolicCapital, Dao5, Foresight Ventures, Factor, AlphaNonce, and many more. How Phaver (SOCIAL) Works Lens Protocol Integration One of the standout features of Phaver is its integration with Lens Protocol, a decentralized social graph protocol built on the Polygon blockchain. Lens allows users to own and control their data, making it perfect for a platform like Phaver that focuses on user empowerment. With Lens, Phaver users can create profiles, share content, and interact with other users, all while maintaining full control over their data. When users post content on Phaver, it’s stored on the blockchain via the Lens Protocol. This ensures that the content is immutable (cannot be changed or tampered with) and that the user has true ownership of their posts. This is a significant departure from traditional social media platforms, where the company behind the platform typically owns user content. Farcaster Integration Phaver also integrates with Farcaster, a decentralized social network protocol that aims to provide a more open and flexible framework for online interaction. Farcaster gives users more freedom in terms of how they interact with the platform and ensures that users can maintain control over their identity and content across different dApps. With Farcaster, Phaver users can easily connect with others in the decentralized social space, extending their reach beyond just the Phaver platform. It also provides more flexibility in how users share and interact with content, further enhancing the decentralized social experience. Mocaverse Integration Another exciting integration on Phaver is with Mocaverse, an NFT-powered ecosystem by Animoca Brands. Mocaverse offers a unique feature by allowing users to share content through NFTs, adding another layer of ownership and monetization for users. This means that Phaver users can mint their content as NFTs and potentially sell or trade it, opening up new revenue streams and making the content creation process more valuable. NFTs on Phaver serve as a unique form of social currency, giving users the ability to create and own rare digital items while building a more interactive and engaging community. Cyber Integration Phaver is also connected with Cyber, a Web3 search engine that focuses on decentralization and privacy. Cyber allows Phaver users to discover content and interact with other users through decentralized search functionalities. Unlike traditional search engines that rely on centralized algorithms, Cyber ensures that search results on Phaver are transparent and free from manipulation. This gives users more trust in the content they find and allows for more authentic interactions. Sharing Content On Phaver, sharing content is at the heart of the platform’s user experience. With integrations like Lens Protocol, Farcaster, and Mocaverse, Phaver allows users to share various forms of content, whether it’s text, images, videos, or NFTs. Since the content is stored on the blockchain, users maintain ownership and control over what they post. Additionally, the decentralized nature of Phaver ensures that there’s no censorship or content manipulation by a central authority. This gives users more freedom to express themselves and share ideas without the fear of their content being removed or altered by a third party. Discovering Content Discovering content on Phaver is also a unique experience compared to traditional social media. With the integration of Cyber, users can search for content in a decentralized and transparent way. This ensures that the content they find is authentic and not influenced by algorithms that prioritize ads or paid content. Phaver’s discovery features also allow users to explore content across different dApps and protocols, making it easier for them to connect with others in the Web3 space. This cross-platform integration enhances the overall user experience and creates a more interconnected and decentralized social ecosystem. In-App Tokenomics Phaver’s in-app tokenomics are designed to reward users for enhancing the app experience. Users can earn points by creating and curating content, similar to liking or upvoting posts in other apps. This includes "casting points" to make posts more visible to others. Soon, users will also be able to cast points on their own posts to boost their reach. To ensure fair participation and prevent cheating or people making multiple accounts to gain more points, Phaver requires users to meet certain criteria before they can redeem their points for Phaver Tokens. Additionally, Phaver Cred, a credibility score, is assigned to users based on their on-chain assets like NFTs. These assets are unique and hard to fake, making it more difficult for people to manipulate the system. Phaver Cred also determines a user’s level in the app, which is similar to how frequent flyer programs work. Higher levels unlock special perks, like access to free stakes and a higher monthly limit for redeeming points into tokens. This system is designed to discourage harmful behavior, like farming points, and instead rewards users who are genuinely active and contributing positively to the platform For brands and projects, Phaver is expected to introduce advertising features in 2024. Brands will be able to purchase points to boost their visibility in the app. These points can be bought using Phaver’s native tokens, and a portion of the revenue from fiat payments will be used to support token demand. In addition to earning points, users can also buy and hold Phaver Tokens, known as SOCIAL. Holding SOCIAL provides benefits like higher credibility scores, increased point-to-token conversion limits, and access to exclusive perks, such as VIP support and early access to new features. Phaver users can also buy points with SOCIAL tokens, which is often more affordable than using traditional in-app purchases. This helps create a demand for tokens within the ecosystem, encouraging users to hold and spend SOCIAL. Phaver has also launched its own NFTs, called "Phaver-Up NFTs," to strengthen its on-chain economy. These NFTs provide additional benefits like higher point rewards, exclusive features, and access to a gated community where users can receive direct support and early insights from the Phaver team. The NFTs were distributed through weekly auctions, and more than 17,000 users were eligible to mint them. SOCIAL Goes Live on Bitget Discover the potential of SOCIAL, the native token of Phaver, by trading it on Bitget today. SOCIAL tokens are integral to the Phaver ecosystem, offering holders exclusive benefits and access to unique features within the platform. As Phaver continues to innovate and expand its community-driven model, trading SOCIAL on Bitget provides an opportunity to participate in a vibrant digital economy. With SOCIAL, users can leverage its utility in purchasing advertising, boosting visibility, and accessing premium content on Phaver. Holding SOCIAL tokens also unlocks perks such as higher credibility scores, increased monthly redemption quotas, and VIP privileges. Bitget provides a secure and user-friendly platform for trading cryptocurrencies, ensuring a seamless experience for both new and experienced traders. Take advantage of Bitget’s advanced trading tools and liquidity to capitalize on SOCIAL’s potential growth. How to Trade SOCIAL on Bitget Listing time: September 24, 2024 Step 1: Go to SOCIALUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. Trade SOCIAL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.
Phaver (SOCIAL): User-Centric Social Media in a Web3 WorldMagic Eden, a prominent multi-chain non-fungible token market platform, has partnered with Mocaverse, a non-fungible token project from the game software company and venture capital company Animoca Brands, to launch a non-fungible token launchpad. In this article, we shall assess more about this strategic partnership. Magic Eden And Mocaverse Join To Launch An NFT Launchpad In a September 17 blog post, Magic Eden confirmed partnering with Mocaverse to launch a non-fungible token launchpad duped MagicMoca. The newly launched platform is exclusively for the Mocaverse NFT community and is designed to facilitate access to curated gaming and IP NFT project launches. MagicMoca will tap into the Moca Network and its funnel of upcoming NFT projects from Animoca Brands. Launched in September 2021, Magic Eden is one of the leading multi-chain NFT marketplaces supporting non-fungible token collections created on the Solana, Ethereum, Polygon, and Bitcoin blockchain networks. It has rapidly grown to become one of the most prominent NFT market platforms on the Solana blockchain network, where it was initially launched. Magic Eden enables users to create, buy, sell, and collect NFTs. The NFT marketplace features several products, including a Launchpad, which allows creators to develop and trade digital item collections on the Magic Eden site instead of hosting them on their infrastructure. Magic Eden also has a crypto wallet that offers a user-friendly and secure custodial experience. On the other hand, Mocaverse is a non-fungible token project launched by blockchain gaming giant and NFT infrastructure provider Animoca Brands. Mocaverse NFT collection features a limited edition of 8,888 NFTs of characters called Mocas hosted on the Ethereum blockchain network. Mocaverse was created to fuse Animoca Brands’ crypto projects, subsidiaries, joint ventures, and partners through a unique NFT collection. MagicMoca NFT Launchpad Overview Magic Eden NFT marketplace and Mocaverse announced their new NFT launchpad during the Token2049, a global web3 event organized annually in Singapore and Dubai, where decision-makers in the crypto ecosystem connect to exchange ideas. While commenting about the new strategic partnership, Jack Lu, the CEO and co-founder of Magic Eden, remarked: “It’s been a great experience partnering with Mocaverse and bringing this launchpad to life. Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into innovative collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities.” In turn, Kenneth Shek, Mocaverse lead, commented: “Mocaverse welcomes Magic Eden to the Moca Network, where we share the same vision to accelerate consumer crypto by using NFTs as the touchpoint for day to day consumers. Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities. Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin.” MagicMoca will launch later in Q3 2024. The NFT launchpad will be the first co-branded NFT launchpad to curate high-quality NFT projects from key cultural verticals such as gaming, sports, IP, and others for holders of Moca NFTs and Moca IDs. MagicMoca will adopt MOCA Coin as its primary currency for sale activities. In addition, Magic Eden will enable Moca ID users to participate in the highly curated NFT launches and build their on-chain reputation with NFTs. Related NFT News: SEC Fines Flyfish Club $750K For Selling Unregistered Securities In The NFT Market DeGods NFT Creator De Labs Launches A New Crypto Token $DeGods – Here’s More Details NFT Sales Soar 3% This Week, As NFT Buyers And Sellers Surge By Over 450%
Magic Eden And Mocaverse Join Hands To Launch An NFT LaunchpadHong Kong-based Animoca Brands has joined forces with NFT marketplace Magic Eden to launch a new platform called MagicMoca, designed for the launch of non-fungible tokens (NFTs). This collaboration is focused on bringing high-quality NFT projects to the Mocaverse community, navigating through the ongoing challenges and growing regulatory scrutiny in the NFT market. The MagicMoca launchpad is scheduled to debut in Q3 2024 and will concentrate on curated NFT projects in sectors such as gaming, sports, and intellectual property (IP). The platform will be exclusive to holders of Moca NFTs, MOCA Coin, Moca IDs, and members of the Magic Eden community, with MOCA Coin (CRYPTO:MOCA) being the primary currency for NFT transactions on both MagicMoca and Magic Eden. Magic Eden will integrate Mocaverse products, allowing Moca ID users to take part in significant NFT launches and build their reputations on-chain. As part of the integration, Magic Eden will offer a "Diamond boost" in its Rewards program to incentivize users who buy or list MagicMoca NFTs. Kenneth Shek, the lead for Mocaverse, noted that the partnership is designed to utilize their combined network to curate top-tier projects for both communities. However, the NFT market faces substantial challenges, with many projects becoming inactive due to issues such as scams and wash trading. MagicMoca aims to tackle these concerns by focusing on high-quality NFT projects that can generate genuine interest and active participation. This partnership also comes at a time of regulatory uncertainty, especially in the United States, where the Securities and Exchange Commission (SEC) has issued a Wells Notice to OpenSea, suggesting that NFTs might be regulated as securities.
Animoca Brands teams up with Magic Eden for new NFT launchpadLast updated: September 17, 2024 11:52 EDT Mocaverse has partnered with Magic Eden to launch MagicMoca, a non-fungible token (NFT) launchpad utilizing MOCA Coin. Introducing MagicMoca, a custom NFT Launchpad built in partnership with @moca_network 🪄 MagicMoca will tap into the Moca Network and its funnel of upcoming NFT projects from @animocabrands . We’ll also be adding $MOCA as a preferred way to mint + collect. pic.twitter.com/ws8AwmtZlY — Magic Eden 🪄 (@MagicEden) September 17, 2024 According to a statement shared with Cryptonews.com , the collaboration seeks to integrate MagicMoca into the Mocaverse ecosystem with MOCA Coin as the primary currency for NFT transactions. MagicMoca: A New NFT Launchpad Bridging Gaming, Sports, and Culture MagicMoca will serve as a co-branded NFT launchpad, specifically designed to cater to the Mocaverse community and Magic Eden’s user base. The NFT launchpad will focus on selective projects from various cultural sectors, including gaming, sports, and intellectual property. The new NFT launchpad will offer users priority access to upcoming NFT drops from Animoca Brands , the parent company behind Mocaverse. “Our priority will always be to push boundaries on how to expand the world of NFTs, so tapping into collaborations with Mocaverse and unlocking access to the Animoca Brands ecosystem is a huge asset for both of our communities,” said Magic Eden co-founder Jack Lu. This partnership not only focuses on launching the NFT launchpad but also intends to strengthen community engagement and broaden their reach. Strengthening Engagement: MagicMoca’s Plan to Expand and Innovate Magic Eden’s involvement allows for the integration of Mocaverse products, such as Moca IDs, into its existing ecosystem, which allows users to build on-chain reputations and participate in exclusive NFT launches. To encourage adoption, Magic Eden plans to offer incentives through its Rewards program, giving users a “Diamond boost” when they purchase or list MagicMoca NFTs on the platform. The official launch is set to go live in the third quarter of 2024. “Together, Mocaverse and Magic Eden will leverage Mocaverse’s network effect to curate projects launching NFTs exclusively for both communities,” stated Mocaverse lead Kenneth Shek. “Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin,” added Shek.
Mocaverse and Magic Eden Introduce New NFT Launchpad MagicMocaThe market capitalization of all fungible tokens stands at more than $2 trillion as of Sept. 16. Of that total, altcoins — cryptocurrencies other than Bitcoin ( BTC ) and Ethereum ( ETH ) — have gained around $240 billion in combined market value over the last 12 months. Despite this powerful overall growth, the majority of new tokens launched in 2024 have performed poorly and failed to gain sufficient traction. Why haven’t new tokens gained value in a manner similar to their predecessors? One word: attention. The market cap for altcoins is up because it comprises a stunning number of new tokens that were launched in 2024. However, this abundance of tokens has also greatly diluted attention for individual altcoins, causing fragmented liquidity that in turn produces weak price performance post-listing. Increase in market capitalization for Bitcoin and Ethereum between September 2023 and September 2024. Source: Animoca Labs The market cap of altcoins grew by more than 70% in one year, which is in line with the two main cryptocurrencies. The obvious difference is that, while Bitcoin and Ether are single currencies, there are millions of different altcoins, each contributing to the altcoin market cap. The dominance of bitcoin and ether (the market share of those cryptocurrencies compared against altcoins) remained fairly stable throughout the year. Bitcoin market dominance from November 2023 through September 2024. Source: CoinMarketCap But on an individual level, most altcoins launched in 2024 performed poorly. Much of the discussion about this problem has focused on the negative impact on token value resulting from excessively high fully-diluted values (FDVs) and low circulating supply, or the divide between venture capital and retail investors. However, at least one analysis — by Dragonfly Managing Partner Haseeb Qureshi — found insufficient evidence to conclude that the poor performance of altcoins in 2024 could be ascribed to those factors. In a saturated market, attention is the new currency The total number of altcoins has increased by 107% in one year, growing from 1.69 million tokens as of August 2023 to over 3.5 million tokens today. In stark contrast, the crypto user base has grown far less rapidly over the same period. Global crypto ownership increased by 33% from 2023 to 2023 — from 420 million people to 562 million. Related: Starknet is ditching offchain polling, and it will make tokens count So we’re looking at a situation in which the offering of altcoins has more than doubled while the addressable audience increased only by a third. Consumer attention has been greatly diluted. This abundance of altcoins and the resulting dilution of attention are not particularly unusual in a growing market. For example, in the early days of the Web, a veritable plethora of IRC chat rooms, message boards and websites sprang up, all of them competing for traffic and diluting the attention of a burgeoning audience. Today’s profusion of altcoins means that awareness has become a highly competitive matter for all altcoins, not just new ones — tokens launched prior to 2024 have also suffered a dilution in attention and (consequently) value. Tokens with institutional investors outperform the competition Well-performing tokens in 2024 tend to have significant institutional interest from liquid funds. Liquid institutional investors invest via the open market, as opposed to investing at the startup stage the way that VC firms do, and as such can have a notable impact on the performance of altcoins. Altcoins such as TON ( TON ), SOL ( SOL ), XRP ( XRP ), BNB ( BNB ), ADA ( ADA ), TRX ( TRX ), AVAX ( AVAX ), SUI ( SUI ), and MOCA are examples of tokens with institutional support. That support can help altcoins to offset the dilution of attention in a teeming market. Institutions are discerning and disciplined in how they invest, and try to zero in on fundamental long-term prospects rather than investing in short-term outlooks such as those of many altcoins (and definitely most memecoins). This institutional participation makes an altcoin stand out from the crowd and instills greater confidence among retail investors. As opposed to the current environment of diluted attention and fragmented liquidity, institutional liquid funds could bring improved attention, focus and liquidity to altcoins. Related: Choke Point 2.0 is hurting Kamala Harris' 'crypto reset' Institutional investors also have the capacity to deploy significantly more capital and on a longer time horizon than retail investors, and this can contribute to enhancing price stability in the market. Altcoins that lack institutional support tend to be subject to greater volatility. At Animoca Brands, we have provided institutional support for projects and initiatives including by participating in the Hong Kong Monetary Authority’s stablecoin issuer sandbox (with Standard Chartered and HKT); partnering with Saudi Arabia’s NEOM; investing in TON; and investing in Mocaverse — specifically with MOCA Foundation’s launch of MOCA Coin, has received support from other institutional investors. Our aim is to equip our supported projects with essential capabilities. We have also expanded our investment mandate to include tokens already listed, with an emphasis on tokens from our portfolio of Web3 investments. The current market presents significant opportunities for launched altcoins with solid institutional appeal and capability, and they stand a far greater chance of success amid the shifting market dynamics. There is room for more institutional investment There is room for institutional investment in crypto to grow. Institutional investors dominate the US equity market, where they hold 80% of the large-cap S&P 500’s market capitalization. This contrasts strongly with the more diversified Web3 market, where the institutional footprint is still low and concentrated on Bitcoin. As of June, 77% of institutional asset managers had allocated just 5% or less of their funds to cryptocurrencies and related assets, with a preference for registered vehicles. EY-Parthenon research estimates the percentage of fund allocation into cryptocurrencies, digital assets, and related crypto funds/products. Source: EY-Parthenon Consider that Bitcoin's market cap is around $1.1 trillion — while Bitcoin ETFs represent less than $80 billion. This disparity highlights both the need and the opportunity for Web3 to foster a more balanced market, one where institutional holdings might reach around 50% of the Web3 market. Greater institutional participation could engender greater trust in Web3 projects while introducing substantial new long-term capital. Web3 projects that are capable of attracting institutional interest will stand out in this crowded market, providing one important pathway to overcoming the problem of attention dilution. We believe that financial institutions are essential in Web3, just as they are in other industries, and Web3 projects that seek meaningful long-term success would be well advised to pursue strategies that enable them to secure institutional participation. Yat Siu is a guest columnist for Cointelegraph and the co-founder and executive chairman of Animoca Brands, a Web3 leader with more than 540 investments in the sector. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
New tokens are more likely to win if they find institutional investorsMocaverse targets a Q3 2024 date for the unveiling of MagicMoca, its new NFT launchpad. The Animoca Brands’ premier consumer platform said it will be teaming up with popular NFT marketplace Magic Eden in the launch. According to the announcement, MagicMoca will showcase the finest NFT projects serving different niches in the Mocaverse and Magic Eden communities. These include sports, IP, and gaming, among others. The launchpad will use the Moca Network’s scale to channel new NFT projects from the Animoca Brands’ stable. Furthermore, Mocaverse customers will use MOCA coin, the platform’s native crypto, to complete their MagicMoca transactions. Similarly, Magic Eden has agreed to set the coin as one of its preferred payment means. It will also accommodate Mocaverse Products, enabling Moca ID holders to participate in select NFT launches while building their on-chain standings using those digital collectibles. Mocaverse and Magic Eden will curate the best NFT projects for their communities Both parties have expressed their enthusiasm for MagicMoca’s imminent launch. For instance, Mocaverse’s Lead, Kenneth Sheck, welcomed Magic Eden to its fold, stressing their shared vision of accelerating consumer crypto usage with NFS. Sheck said: Together, Mocaverse and Magic Eden will tap into Mocaverse’s network effect and curate only the best projects launching NFTs exclusively for both communities. Magic Eden is launching marketplaces compatible with different chains, and we’re fully aligned to bringing full interoperability to users through our new launchpad MagicMoca and adopting the omni-chain MOCA Coin. ~ Kenneth Sheck For his part, Magic Eden’s CEO and co-founder, Jack Lu, hailed the development as a great partnership experience. He reiterated that the collaboration would benefit their and Mocaverse’s communities alike. See also Miners ditch Bitcoin for AI as energy costs surge Lu also affirmed that their priority would be to find ways to expand the reach of non-fungible tokens. Thus, Magic Eden’s collaboration with Mocaverse would allow its users to access Animoca Brands’ ecosystem, a boon for both communities. The collaboration is expected to drive Web3 adoption through curated NFT experiences The collaboration between Mocaverse and Magic Eden represents a significant step forward for both communities. It offers users a curated selection of NFTs while leveraging the scale of the Moca Network. Mocaverse is Animoca Brands’ main project, seeking to become the platform of choice for Web3 customers. It is building the Moca Network, drawn from Animoca’s portfolio of 540 companies. Moca is a web of networks with a single access point supporting partnerships to co-build Web3 onboarding applications. Its goal is to decentralize Web3 user adoption through reputation, IDs, interoperable wallets, and point systems.
Animoca Brands and Magic Eden to reveal MocaMagic NFT launchpad in Q3 2024Original source: AKEDO Games On the evening of September 2, TON Asia – Seoul came to a successful conclusion in Seoul, South Korea. As the first offline TON ecological event in Asia, this event attracted more than 1,000 TON ecological builders, more than 100 industry leaders, well-known institutions and more than 50 investors, including TON Ventures partners, OKX Ventures partners, TOP Asia Pacific Head, Tonkeeper CTO, etc., who witnessed this milestone event together and became one of the most popular events during KBW. Event Highlights: · As the first offline TON ecological event in Asia, TON Asia – Seoul attracted 1,300+ registered users and more than 1,000 spectators, becoming one of the most popular events during KBW. · The event brought together 150+ TON ecosystem industry leaders and well-known institutions to discuss the development direction of TON ecosystem in depth and demonstrate the unlimited potential of TON ecosystem. · The event received more than 1,000,000 exposures on social media, further expanding the influence of TON ecosystem. The event was hosted by TON ecosystem game platform AKEDO Games and jointly supported by TOP (The Open Platform), Tonkeeper, OKX Ventures, TON Ventures, Foresight Ventures and Mocaverse. OKX Wallet, 071Labs, Foresight News, Rhythm and CoinNess were co-organizers, and INFCL and TON Korea Society communities provided strong support. Special thanks to all partners for their great help! Exciting event content: This event included 2 keynote speeches, 2 roundtable discussions and on-site networking, bringing together many heavyweight project parties to discuss the future development of the TON ecosystem. Keynote Speech: [Keynote 1] TOP APAC Chief warmly welcomed all participants in his opening speech, and with the theme of "TOP For Business", he elaborated on TOP's investment and empowerment strategy in detail, and sincerely invited TON ecosystem builders to join in the celebration. [Keynote 2] Tonkeeper CTO Oleg took "Tonkeeper" as the theme and gave an in-depth introduction to the core functions of Tonkeeper, including Signer, Battery, Pro, and platforms such as tonconsole.com and tonviewer.com, showing the innovative power of the TON ecosystem. Roundtable Discussion: [Panel 1: Leveraging Infrastructure to Catalyze TON Ecosystem Momentum] The discussion focused on how infrastructure can drive the development of the TON ecosystem. Guests had in-depth exchanges on the current state of the industry and future trends. Roundtable Guests: · Oleg, CTO of Tonkeeper · JT, Head of Asia Pacific at TOP · Anton, CEO of Helika · David, co-founder of TONScale Labs · York, Chief Investment Officer of Generative Ventures [Panel 2: Gaming the Future: Harnessing the Power of TON for Next-Gen Social Experiences] Discussing the potential and development of future TON ecosystem games, the guests shared their cutting-edge views on gaming and social experiences. Roundtable Guests: · Inal, Partner of TON Ventures · EZ, Global Ambassador of AKEDO Games · Tyler, Head of Projects at Mocaverse · Kai, Chief Communications Officer at Yescoin · Degenie, Chief Marketing Officer at Blum · Aaron, Founder of Magico · Paul, Head of BD at Carv The TON Asia – Seoul event not only explored and demonstrated the innovative achievements and future development direction of the TON ecosystem, but also injected new vitality into the development of the TON ecosystem. In the future, AKEDO Games, the TON ecosystem gaming platform, will continue to work with partners to jointly promote the vigorous development of the TON ecosystem! Looking forward to the next stop of TON Asia: TON Asia – Singapore The next stop of TON Asia will be held in Singapore, continuing to provide TON ecosystem builders with opportunities for face-to-face communication, cooperation and innovation. Friends from all walks of life are welcome to register and participate here to witness the new chapter of TON ecology together! This article comes from a contribution and does not represent the views of BlockBeats
TON Asia – Seoul event hosted by AKEDO Games concluded successfullyTON Accelerator has debuted a new incubation program. The program’s launch followed TON’s remarkable growth in 2024. The program will target five “promising” crypto startups. TON Accelerator has launched a new incubation program, TON:Acc, for promising crypto startups building on The Open Network (TON) blockchain. The program’s debut follows the network’s considerable growth in 2024 amid challenges. Per DeFiLlama, TON’s total value locked (TVL) surged from $13.5 million in January to over $350 million in September as the number of its active addresses surpassed Ethereum’s. At the same time, TON suffered two outages in August due to a spike in transaction volume following the meme coin DOGS launch. TON Accelerator’s New Incubation Program Despite the challenges, TON Ventures is keen to support the network’s growth by providing financial support and strategic guidance to five high-potential projects in the TON ecosystem, enabling them to bring their ideas to fruition and navigate the market effectively. Sponsored According to a September 3 statement , the five projects will receive an investment of up to $2.5 million through the incubation program, after which TON Ventures will provide them with comprehensive support over the next three months. This includes access to essential knowledge, resources, and networking opportunities with TON Ventures’ partners. “TON:Acc will help projects find a clear route to market, providing them with the funding, expertise, and support they need to become the next billion-dollar project on TON.” Sophia Rusconi, Head of TON Accelerator, said. Per the statement, TON Ventures will further bolster the program with the launch of a new ecosystem incubation platform named TON: Acc Portal. The platform seeks to provide early-stage projects with better access to support while giving investors a chance to back them. Stay updated on how TON is bringing Web3 to a billion Telegram users: How TON is Bringing Web3 to a Billion Telegram Users: Report Read about TON Foundation’s partnership with Mocaverse: TON Foundation Taps Mocaverse in a $20M Strategic Initiative
TON Accelerator Debuts Incubation Program for Crypto Startups on TONDespite the slower market growth, the summer of 2024 saw several high-profile crypto launches. Some of the projects in the past three months managed to achieve listings and even bring net gains. The summer of 2024 featured several long-awaited airdrops. Token farming and airdrop projects were one of the sources for new token generation events, for those not interested in the meme token market. The current season of airdrops is for much smaller projects, after the earlier launch of L2 platforms like Arbitrum and Optimism. Airdrop farming became harder in 2024, with more involved tasks and unpredictable token allocations. Despite this, LayerZero (ZRO) became one of the high-profile launches, moving in a price range between $3 and $4 with daily volumes of at least $50M. ZK was the other big token launch, starting off to a controversy with what was considered unfair airdrops. The ZKSync platform and the native token even crashed at one point, as the community protested that most new tokens were awarded to Sybill attackers. ZK corrected since its launch at $0.27, though it retained a $2.3B market cap. ZK is also fully diluted, currently trading at $0.11. LayerZero and ZKSync were among the most ambitious projects. LayerZero worked on the problem of interoperable chains, while ZKSync aimed to build real zero-knowledge rollups to scale Ethereum. See also UAE crypto salary ruling a recognition of contractual agreement more than a validation of crypto Newly listed tokens bring back AI, Web3 narratives Aethir (ATH) is the third-largest token, bringing a new decentralized computing service for gaming and AI. ATH trades at $0.57, after peaking around $0.87 in July. The other AI-themed token in the mix is IO, aiming to launch another decentralized computation resource. IO traded for the past two months, stabilizing around $1.90 . The next biggest token, Taiko (TAIKO) brings a new model of Ethereum scaling. The new L2 has bridged around $100M in value from Ethereum. The Taiko project appeared first in the summer of 2024 and has already built a small Layer 2 economy. Taiko has also grown into an ecosystem of DEX and liquidity pools, though still carrying limited locked value . The tokens launched in the summer of 2024 achieved significant diluted valuations. Overall, the airdrops and launches created eight new “crypto unicorns” with a valuation above $1B. Another seven tokens went below the cutoff range, but contained high-profile memes and Web3 features. The remaining tokens with valuations under $1B contained three relatively recent meme assets. DOGS, Sundog, and Simon’s Cat (CAT) only arrived in August, but still found a place among top 15 launches for the summer. MOCA, or the Mocaverse token, was also a long-awaited addition, aiming to revive the Web3 narrative. The MOCA token is tied to a project of virtual identity, gaming, and NFT. MOCA launched as an Ethereum token in July. See also Gate partners with Serie A champs Inter Milan as Sleeve Partner Avail (AVAIL) is yet another Web3 layer offering scalability to third-party projects. The AVAIL token sank to lows of $0.09, but has since recovered to $0.13. AVAIL is also a fully diluted token, currently building up to $5M in daily trading volumes. Token launches mostly driven by memes Token launches in 2024 faced the competition of meme trading, obscuring some of the more prominent utility projects. Overall, the meme token frenzy led to the creation of more than 5,000 tokens per day on average. The early bull market also saw attempts to continue launching new utility projects and platforms. VC funding continued to incubate crypto startups, though some have delayed their token generation event. Large-scale protocols like Base and the Polymarket prediction market are for now tokenless. As of April, the market had seen the launch of 2.5M tokens, of which more than 99% would fail. Statistics show more than 10K active digital assets as of August 2024. The millions of meme tokens are meant to fail, but there are still projects aiming for representation on centralized exchanges. Data by Statista reveals that in 2024, the total number of tokens is the highest for the past two years, and is comparable to the market peak in early 2022. Overall, Coinmarketcap listed an additional 500 tokens out of all new launches. More than 90% are meme tokens that managed to accrue liquidity, with some attempts to launch utility platforms.
Which were the best new crypto launches in the summer of 2024?Golden Finance reported that Web3 AI game publisher Pentagon Games announced the completion of a $6 million seed round of financing, with participation from Animoca Brands, Binance Labs, Hyperedge, NFX, Polygon, Republic, Spartan, Tess Ventures and Yield Guild Games. The specific valuation information has not been disclosed. Pentagon Games hopes to change the traditional gaming industry and create an immersive and rich gaming experience based on zkEVM and using advanced technologies such as augmented reality, virtual reality and artificial intelligence. The new funds are intended to be used to develop various types of games and intellectual property.
Web3 AI game publisher Pentagon Games completes $6 million seed round of financing, with participation from Animoca Brands and othersOriginal title: H1 2024: Analysis of Global Web3 Job postings Original author: JAY JO, YOON LEE, Tiger Research Original translation: TechFlow Key points · Bitcoin ETF postings surge after approval:After the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin ETF in January 2024, the number of global Web3 job postings rose sharply, up about 20% year-on-year in the first half of 2024. · Increase in job postings in Asia:Job postings in Asia have risen, further narrowing the gap with Europe. Singapore, India, and Hong Kong have been particularly active in recruitment activities. · Mainnet Job Postings in Asia:Although mainnet job postings in Asia have decreased since 2023, more and more global mainnets are expanding their recruitment in the region, highlighting Asia's growing importance in the Web3 space. 1. Introduction A company's job postings reflect 1) the execution of its strategy and 2) the demand of a specific industry, which can be used to predict future market activity. In this report, we analyze trends in global Web3 job postings to provide an overall insight into the Web3 market. This section of the report focuses on the state of Web3 job postings in the first half of 2024. The data is primarily sourced from Web3Jobs, a website that provides job listings in the Web3 space. 2. Trends in global Web3 job openings in the first half of 2024 Global Web3 job openings in the first half of 2024, source: Web3Jobs, Tiger Research 2.1. Changes in job openings since the approval of the Bitcoin ETF After the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin spot ETF in January 2024, job openings in the global Web3 market began to increase significantly. As expectations for market recovery rose, recruitment activities became relatively active. In the first half of 2024, the number of job openings increased by about 20% year-on-year, reflecting a significant increase in overall industry expectations compared to last year. However, the current job posting level is still lower than the peak in 2021/2022. This is mainly due to multiple factors such as market environment and technological innovation. First, the approval of Bitcoin ETF has a greater impact on the crypto trading and investment field than on the broader Web3 ecosystem. The increase in job postings mainly comes from crypto ETF management companies and exchanges, rather than Web3 projects. For example, job postings at crypto ETF management companies such as Grayscale increased to 28 in the first half of 2024, a four-fold increase from 7 in the first half of the year. Although job postings at crypto exchanges also increased, the change was not significant as these companies maintained stable demand. Second, the recent market recovery is driven by speculation rather than technological innovation. The market currently prefers speculative transactions such as meme coins rather than new technological trends. As we mentioned in our previous report, multiple meme coin projects with a market value of over $1 billion have emerged, attracting market attention. This trend indicates a lack of innovative progress that drives the industry forward. Given this short-term speculative trading culture, the actual demand for adoption in the Web3 industry is relatively limited. 2.2. June marks a return to a downward trend in job postings Since June 2024, we have observed a sharp decline in the number of job postings in the Web3 industry. This can be interpreted from two perspectives. First, the market environment may have deteriorated. Due to the pressure on the sale of Bitcoin by Mt. Gox and the German government, the decline in cryptocurrency prices, coupled with the subsequent decrease in trading volume, may have suppressed market sentiment. Second, this may also be a seasonal factor. Many companies usually temporarily suspend recruitment activities in June during the summer vacation season. Therefore, the decline in job postings may be a combination of the overall industry decline and seasonal factors. We need to keep a close eye on the job posting trends in the future to analyze this situation more accurately. 3. Web3 job openings by continent in the first half of 2024 (cumulative by month) Cumulative Web3 job openings by continent in the first half of 2024, source: Web3Jobs, Tiger Research Analyzing the job opening trends by region in the Web3 industry in the first half of 2024, the job openings are ranked as follows: 1) Remote work, 2) North America, 3) Asia, 4) Europe, 5) Middle East. It is worth noting that remote job openings are beginning to exceed those in North America. This change indicates that remote work is rapidly gaining popularity in the Web3 industry, reflecting its region-independent nature and indicating that work arrangements are becoming more flexible. Another notable change is the widening gap in the number of job openings between the Asian and European markets. Starting in the first half of 2023, Asia began to surpass Europe, and the gap continued to widen in the first half of 2024. As of the first half of 2024, Asia accounted for about 20% of the total job openings, while Europe accounted for about 15%. This trend clearly shows that the interest and activity of the Web3 industry is shifting to Asia. 4. Trends in Web3 Job Openings in Asia by Industry in the First Half of 2024 Web3 Job Openings in Asia by Industry in the First Half of 2024, Source: Web3Jobs, Tiger Research As of the first half of 2024, Web3 job openings in the Asian market were most active in the following regions: 1) Singapore, 2) India, 3) Hong Kong. Singapore remains the region with the most hiring, up about 23% from the second half of 2023. This growth is due to Singapore's clear regulatory framework and crypto-friendly business environment, making it an attractive market. Hong Kong opened its Web3 market in June 2023, and initially saw an increase in hiring as more Web3 companies entered the market. Many companies prepared to operate in Hong Kong by obtaining crypto licenses. However, the situation began to reverse when the Hong Kong Securities and Futures Commission (SFC) imposed a ban on mainland services for license applicants. In response, global exchanges such as Binance, OKX and HTX withdrew their license applications, resulting in a decline in overall hiring. As a result, hiring in the Hong Kong market fell by nearly 40% from the first half of the year, slipping to third place after India. 5. Web3 Job Posting Trends in Asia by Industry in H1 2024 In H1 2024, the number of job postings for cryptocurrency exchanges increased by approximately 45.6% compared to H2 2023. This increase is likely due to the rise in Bitcoin prices and the significant increase in cryptocurrency trading volumes, which has enhanced the profitability of the industry. The hiring trends for most crypto exchanges in 2023 remained consistent, with the main exchanges being 1) OKX and 2) Binance. Previously, Binance had more active hiring activities, but this trend changed after the U.S. Attorney’s Office filed charges against it in June 2023. In addition, Binance’s failed attempts to obtain licenses in multiple countries, including Abu Dhabi and the Netherlands, may also have led to a slight decline in its global hiring activities. Interestingly, while OKX's hiring levels were similar to the second half of last year, Coinbase's hiring increased significantly, from 39 in the second half of last year to 209 in the first half of this year. This surge may be related to the approval of the Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). According to previous reports by Kaiko, the approval of the Bitcoin ETF led to increased trading volume and liquidity on regulated exchanges in the United States. Coinbase seems to have benefited from this, resulting in a significant increase in job openings. 6. Mainnet job posting trends in the first half of 2024 Web3 job postings in Asia by mainnet in the first half of 2024, source: Web3Jobs, Tiger Research In the first half of 2024, the number of mainnet job postings in Asia decreased slightly compared to the second half of last year. However, it is worth noting that more mainnets have increased their hiring activity in Asia compared to last year, with Scroll.io targeting the region for 14 of its 20 H1 2024 job openings. Australia-based Web3 gaming mainnet Immutable has the highest absolute number of hires in Asia. Other major non-Asian mainnets such as Ripple, Aptos, and Avalanche also continue to show hiring demand in Asia. Although the absolute number of hires is not high, it is clear that mainnet participants recognize the business opportunities and potential of the Asian market. 7. Other notable job posting trends Source: Story Protocol Several notable hiring trends emerged in the first half of 2024. Story Protocol has attracted a lot of attention by announcing plans to launch a Layer 1 blockchain for the tokenization of intellectual property. They began actively hiring at the beginning of the year and made 16 hires in total. While Story Protocol is based in the United States, recent news indicates that they are also hiring a head of Korean operations. This indicates that Story Protocol plans to expand into the Korean market. Source: Mocaverse Animoca Brands is also hiring like crazy. After hiring only four people in the second half of 2023, they increased to nearly 40 people in the first half of 2024. Animoca Brands is hiring for multiple projects, including NFT project Mocaverse and Web3 chess game Anichess, and is also actively hiring for its investment business. 8. Conclusion In the first half of 2024, the number of job openings in the Web3 market increased compared to the same period last year, but it is still lower than the recruitment levels in 2021 and 2022. As the industry develops and the market grows, the increase in job openings is a natural trend. However, despite the large scale of growth in the Web3 industry, the number of job openings has not met industry expectations. This discrepancy is due in part to the Web3 industry’s preference for short-term consumer trends, such as meme coin trading and airdrops, rather than cultivating a sustainable ecosystem. To achieve sustainable growth, the industry needs a fundamental shift in discussion and the emergence of new technology trends. If this change fails to occur by the second half of 2024, the risk of stagnant industry growth will increase. Original link
Web3 job market half-year report: Jobs surge after Bitcoin ETF approval, Singapore remains the region with the most job openingsA beloved arcade classic has been given a futuristic makeover. Early access has been granted for a select community to shape the game’s future. The game is slated to be free-to-play after the beta. A new twist on a classic arcade favorite is about to hit the gaming world. nWay , the studio behind high-octane multiplayer titles, has unveiled Cosmic Bomber, a fresh take on the Bomberman formula. This action-packed maze game is currently in a closed beta phase, exclusively accessible to holders of Moca IDs within the vibrant social hub Cosmic Club . The core gameplay of Cosmic Bomber is familiar to fans of the genre: players strategically place bombs to outmaneuver and eliminate opponents. However, nWay promises a modern take on the classic formula, incorporating elements of competitive multiplayer, unique character ownership, and a hybrid in-game economy. Cosmic Bomber Explodes Onto the Scene with Closed Beta While details about these features are still under wraps, the developers hint at a dynamic gaming experience with “seasons” that will introduce fresh content and challenges. The collaboration between nWay and Mocaverse is at the heart of this beta test. Sponsored Kenneth Shek, Mocaverse’s Project Lead, expressed enthusiasm for the partnership, stating, “We’re incredibly excited to partner with nWay to launch the beta of Cosmic Bomber exclusively to our Mocaverse community. This game combines the best elements of classic arcade action with modern innovations, creating an experience that is both nostalgic and refreshingly new. Cosmic Bomber will be a great addition to Cosmic Club, and its goal is to empower social interaction among Moca ID holders.” By launching the game within the Mocaverse community, the two companies aim to create a platform that fosters Web3 social interaction. Moca ID holders, a community of 1.79 million users, are the first to experience Cosmic Bomber and have the opportunity to earn rewards through gameplay and tournaments. “We are excited to welcome players to Cosmic Bomber! Our goal was to create a game that’s both familiar and easy to enjoy. With strategic, casual-style gameplay and a playful aesthetic, Cosmic Bomber offers fun-filled competition with the chance to earn exciting rewards. We can’t wait for players to dive into this thrilling adventure and pop their way to the top,” Steve Kuroki, co-CEO of nWay, stated. Cosmic Bomber Slated to Go Free-to-Play Following the closed beta, Cosmic Bomber is slated for a free-to-play release, opening the game to a wider audience. Moca IDs , which grant access to the Moca Network and various Animoca Brands projects, can be acquired for free through the Mocaverse website using a Moca NFT or an invite code. Sponsored As the game progresses through its development stages, anticipation is building among gamers and cryptocurrency enthusiasts alike. The combination of classic gameplay with modern features and the integration of Web3 elements has the potential to create a groundbreaking title in the gaming industry. On the Flipside The heavy emphasis on Web3 and Moca IDs might alienate traditional gamers unfamiliar with or disinterested in Blockchain technology. The initial excitement around a new take on a classic might wane if the game fails to deliver on its promises or lacks substantial innovation. The play-to-earn model, central to many Web3 games, has yet to demonstrate sustained profitability or widespread appeal beyond early adopters and crypto enthusiasts. Why This Matters By integrating Web3 elements into a popular game genre, Cosmic Bomber could potentially attract a wider audience to the crypto space, especially gamers. This could boost the crypto market by increasing user adoption and potentially driving demand for related cryptocurrencies and NFTs. To learn more about the new play-to-earn game Ton Game Banana and how it reached 1 million users in just three days, read here: TON Game ‘BANANA’ Hits 1M Users in 72 Hours Curious about the rise of Telegram crypto games and how Binance Labs is investing in this space? This article explores this trend: Binance Labs Funds Gaming Company Behind Catizen, as Telegram Games Surge in Popularity
Mocaverse and nWay Team Up for Cosmic Bomber Beta LaunchKey Takeaways LayerZero is becoming the default interoperability solution for Animoca Brands. The collaboration focuses on enhancing Web3 gaming and digital content accessibility. Animoca Brands, a leader in digital property rights for gaming and the open metaverse, has inked a multi-year strategic partnership with LayerZero Labs, the team behind the omnichain interoperability protocol LayerZero. As part of the agreement, LayerZero will become the default interoperability solution for Animoca Brands and its subsidiaries. The partnership will focus on simplifying cross-chain interactions for users, allowing them to focus on enjoying digital content without technical complexities, Animoca Brands shared in a Tuesday press release. Through the integration of LayerZero’s technology, the two entities aim to enhance digital experiences across Animoca Brands’ gaming, entertainment, and other blockchain ecosystems. “This collaboration will create seamless omnichain interactions and enhance the digital experiences for our respective communities,” said Bryan Pellegrino, CEO of LayerZero Labs. “Together, we are making it easier for developers and users to harness the full potential of blockchain technology in gaming, digital entertainment, and beyond.” Animoca Brands noted that prominent projects like Mocaverse and Open Campus are already incorporating LayerZero Labs’ Omnichain Fungible Token standard. “We envision an omnichain future for digital content and gaming. At a time when the games industry faces new and old challenges, it’s more important than ever to signal our dedication to and support for mission-aligned builders like Bryan and the LayerZero team, who are developing battle-tested infrastructure for the future of the internet,” said Yat Siu, co-founder of Animoca Brands. The partnership also includes joint efforts in community events and educational initiatives to promote understanding of interoperability technologies. LayerZero will benefit from Animoca Brands’ extensive network of 540 investment portfolio companies, potentially broadening its user base and market penetration. Last month, LayerZero integrated Solana into its cross-chain bridge network, enhancing its functionality across over 70 blockchains and expanding its developer capabilities.
LayerZero becomes default interoperability solution for Animoca BrandsNon-fungible tokens, best known for signifying ownership of digital collectibles like graphic arts and gaming assets, are revolutionizing almost every digital aspect we know today, from sending payments to issuing smart contracts. Polytrade has integrated Base to extend this revitalization to tangible world assets. Polytrade Taps Base To Offer RWA NFTs In a July 24 blog post, Polytrade, one of the leading real-world assets marketplaces, confirmed partnering with Base, an Ethereum Layer Two blockchain, to offer tokenized digital items. Base is a blockchain network from the Base crypto exchange focused on bringing the entire world on-chain to create a global economy that increases innovation, creativity, and freedom. Launched in 2022, Polytrade is a real-world asset digital marketplace focused on revolutionizing financial technology for users, investors, lenders, and borrowers. Polytrade RWA marketplace aims to transform economic systems by leveraging blockchain technology and introducing more efficient and transparent processes. Polytrade is one the world’s largest asset marketplaces, with over 4,000 tokenized assets ranging from collectibles to gold and credit. Polytrade is one of the few native asset originators in decentralized finance, providing sustainable yields and easy access to RWAs. Polytrade’s RWA-backed NFTs Overview Under the new integration, Polytrade anticipates leveraging the Base blockchain network to offer tokenized RWAs. By description, tokenization is the process of representing any physical or financial real-world asset as a crypto token on a blockchain or non-fungible token collection. Tokenization will enable Polytrade users to choose from real-world assets like real estate, art, gold, pokemon and trading cards, collectibles, or even instruments such as private credit from any part of the world in just a click of a button. In recent months, RWAs have gained traction among traders. As per CoinGecko, an on-chain crypto market data aggregator and non-fungible token explorer, RWAs were the second most popular sector in web3 and crypto as of Q2, 2024. Last week, the RWA marketplace Polytrade joined Planet Refi to launch a Limited Edition Messi Golden Boot NFT Draw on its platform, celebrating Argentina’s victory in the Copa America. Related NFT News: NFT Gaming Is Back – Swords & Dungeons Has Seen All Its 4,000 NFTs Minted In Just 9 Hrs Mocaverse NFT Project Partners With TON To Bring Masses Into Web3 NFT Sales Volume Soars 12% To Over $112M In The Past 7 Days – CryptoSlam
Polytrade Taps Ethereum L2 Network Base To Offer Real-World Asset NFTsMocaverse, a non-fungible token collection from the game software company and venture capital company Animoca Brands, has signed a strategic partnership with Ton Blockchain to bring the masses into the nascent web3 space. In this article, we shall assess the new collaboration in more detail. Mocaverse Taps Ton To Bring Masses Into Web3 In a July 22 blog post, Mocaverse confirmed inking a strategic partnership with Ton Blockchain to grow the interoperable consumer network. Mocaverse and Ton Blockchain anticipate driving true consumer crypto and non-fungible token adoption jointly. Launched in March 2023, Mocaverse is a non-fungible token collection launched by blockchain gaming and NFT infrastructure provider Animoca Brands. Mocaverse NFT collection features 8,888 NFTs of characters called Mocas hosted on the Ethereum blockchain network. The Mocaverse NFT project was created to strengthen Animoca Brands’ ecosystem of Web3 and metaverse-centric projects, as well as bring together the company’s portfolio of crypto projects, subsidiaries, joint ventures, and partners through a unique NFT collection. On the other hand, the Open Network (TON) is a decentralized computer network consisting of a layer-1 blockchain with various components. The Open Network is focused on putting crypto in every pocket by building the Web3 ecosystem in Telegram and making digital ownership easy for billions. Mocaverse And Ton Blockchain Integration Under this strategic partnership, Mocaverse anticipates joining its 900 million users with 700 TON users to create a collective addressable user base of 1.6 billion+ users. Moca Network strives to become the network of networks, with TON being the anchor partner to champion cross-ecosystem growth, followed by more partnerships with the broader TON ecosystem app. Moreover, Mocaverse and TON Foundation anticipate establishing a steering committee to drive partnership initiatives and treasury for ecosystem growth. The new steering committee will mobilize $TON and $MOCA from the token swap agreement, valued at $20 million, to facilitate cross-user pollination and drive user growth through the PointFi system and onboarding apps to the TON ecosystem. Mocaverse NFT collection has reacted sharply to this new partnership announcement. Data from CoinGecko.com , an on-chain crypto market data aggregator and a non-fungible token collection explorer, shows that the Mocaverse NFT trading sales volume has surged +100% today. In the past 24 hours, the Mocaverse NFT collection has raised a trading sales volume of 20 ETH, up 106% from the past day. Mocaverse also saw its floor price surge from 1.38 ETH to 1.48 ETH shortly after the announcement. The NFT collection has a market cap of 13,119 ETH. Related NFT News: NFT Sales Volume Soars 12% To Over $112M In The Past 7 Days – CryptoSlam Solana Leads In Daily NFT Sales Volume – Becomes The Leading NFT Blockchain Top Selling NFTs This Week – Solana Monkey Business And Bored Ape Lead In Sales
Mocaverse NFT Project Partners With TON To Bring Masses Into Web3Headlines US spot Ethereum ETF officially approved The U.S. Securities and Exchange Commission (SEC) has notified at least two of the eight companies that have applied to launch the first U.S. spot Ethereum ETFs that their products can begin trading on Tuesday (July 23). Products from BlackRock, VanEck, and six other companies will begin trading on three different exchanges Tuesday morning: the Chicago Board Options Exchange (CBOE), Nasdaq, and the New York Stock Exchange, which all confirmed that they are ready to start trading. Eric Balchunas, ETF analyst at Bloomberg, said: The spot Ethereum ETF has gone live with the SEC. Form 424(b) is being submitted, which is the last step, meaning everything is ready to start trading at 9:30 a.m. on Tuesday (9:30 p.m. Beijing time tonight). Game on. Coinbase: Will provide custody services for 8 US spot Ethereum ETFs Cryptocurrency trading platform Coinbase officially announced that today, the U.S. Securities and Exchange Commission (SEC) approved the applications of 9 spot Ethereum ETFs. Following the approval of the spot Bitcoin ETF by the U.S. SEC in January this year, the approval of the spot Ethereum ETF marks another important milestone for cryptocurrencies, reflecting the continued innovation and increasingly mature regulatory environment surrounding crypto assets. Coinbase has also become a trusted partner and custodian for 10 Bitcoin spot ETFs and 8 newly approved Ethereum spot ETFs. 10x Research: Gensler may resign in January or February 2025 10x Research released a report stating that with Bidens withdrawal, a crypto-friendly government will take over the White House. Historically, this means that the SEC chairman resigns when a new government is elected, although SEC Chairman Genslers term will end on June 5, 2026. He is most likely to resign in January/February 2025. Market News: NYSE ARCA Approves the Listing and Registration of Part of the Undivided Beneficial Common Shares of Grayscale Spot Ethereum ETF According to market news, the New York Stock Exchange ARCA approved the listing and registration of common stock of part of the undivided beneficial interest of the Grayscale Ethereum Trust (ETH) in accordance with the Exchange Act of 1934. Ethereum celebrates its 10th anniversary, ETH/BTC has increased more than 100 times in ten years Justin Drake, an official researcher at the Ethereum Foundation, posted on X that today is Ethereum’s tenth birthday. On July 22, 2014, Ethereum officially launched IC0. The fundraising price that year was 1 BTC for 2,000 ETH, without permission, VC, or lock-up. Ten years later, 1 BTC can be exchanged for less than 20 ETH, which means that ETH has increased more than 100 times relative to BTC in the past decade. US election CEHV Partner: Although Harris has no public position on cryptocurrency, many people associated with him have expressed support CEHV partner Adam Cochran posted on the X platform that although Harris has not made a public position on cryptocurrency, many people associated with him have expressed support: Buttigieg (potential running mate) said it should be a commodity rather than a security. Shapiro (potential running mate) authorized cryptocurrency as “currency” in Pennsylvania during his tenure at the state banking department. Montoya, one of her former advisors to the Advance Team, is a supporter of cryptocurrency. Harris and Warren hate each other. Biden concept meme coins fell across the board, THE JEO BODENS NFT floor price fell by more than 68% Market information shows that as Biden announced his withdrawal from the election and will support Vice President Harriss campaign, Biden concept Meme coins fell across the board, including: -JILLBODEN is currently trading at $0.00001776, down 76.1% in 24 hours; -BODEN is currently trading at $0.009401, down 59.59% in 24 hours; -HUNTBODEN is currently trading at $0.0001059, down 29.04% in 24 hours. In addition, the floor price of THE JEO BODENS NFT series in the Solana ecosystem dropped to 0.050 SOL, a 24-hour drop of 68.02%. Industry News CSOP to launch Asia’s first inverse Bitcoin ETF in Hong Kong CSOP Asset Management (CSOP) will launch Asia Pacific’s first cryptocurrency-linked inverse ETF, the CSOP Bitcoin Futures Daily (-1 x) inverse product, in Hong Kong on Tuesday morning. Note: Inverse ETF, also known as short ETF or bear ETF, is an exchange-traded open-end index fund that uses leveraged investment tools such as stock index futures and swap contracts to achieve a certain multiple (such as -1, -2 or even -3) of the inverse of the target indexs daily returns. Data shows that to date, inverse trading products on global cryptocurrency exchanges have attracted about $106 million. IntoTheBlock: 93% of Bitcoin addresses are profitable again IntoTheBlock posted on X that after Bitcoin’s strong rise to $67,000, 93% of Bitcoin addresses are once again in profit. Market News: NYSE ARCA Approves Bitwise Spot Ethereum ETF Beneficial Common Stock Listing and Registration According to market news, the New York Stock Exchange ARCA approved the listing and registration of common shares in which the Bitwise Spot Ethereum ETF has a beneficial interest in accordance with the Exchange Act of 1934. Market Forecast Analysis: Bitcoin traders prepare for a fat tail effect, focusing on Trumps Bitcoin conference speech Options market activity on Deribit showed a significant increase in the “butterfly index,” indicating that the market is expecting more extreme volatility. “This week, we’ll hear Trump speak at the Nashville Bitcoin Conference. As long as Trump is still leading the race, this is a potential catalyst for ‘something big’ to happen this week,” Greg Magadini, head of derivatives at Amberdata, said in an email. “The derivatives market seems to agree, and the pricing we’re seeing supports that narrative.” “We don’t talk about it often, but what was notable this week was the spike in 25-delta wing volatility relative to ATM. This type of activity in the options market reflects expectations of higher Kurtosis or fat tails in the return distribution,” Magadini added. CryptoQuant CEO: Bearish investors who held Bitcoin for 2 to 3 years have sold about 67% of their holdings CryptoQuant CEO Ki Young Ju said in a post on X: “If you are selling Bitcoin now, you may not hold Bitcoin for more than 3 years because veteran holders will not sell. - Bull investors (holding time 6 months to 2 years) sold most of their BTC holdings when Bitcoin was close to its previous all-time high; - Bearish investors (holding period 2 to 3 years) sold about 67% of their holdings; - Experienced investors (holding time > 3 years) who have experienced multiple cycles show all-time highs in UTXO supply across all age bands.” Project News OKX Web3 Wallet Mobile Officially Launches Meme Mode OKX Web3 wallet mobile terminal has launched Meme mode, which aims to help users trade Meme tokens on Solana blockchain quickly, safely and for free on mobile terminals. It is reported that the OKX Web3 Meme mode does not charge any handling fees, adopts a decentralized custody solution, and simultaneously connects the market and currency details functions in the OKX Web3 wallet, providing users with a one-stop trading service on mobile terminals. It is reported that the OKX Web3 wallet is a one-stop Web3 portal that now supports 100 popular public chains, with unified App, plug-ins and web pages. MakerDAO related addresses transferred the last 2228 MKR to Binance According to Embers monitoring, the MakerDAO-related address transferred the last 2,228 MKR to Binance, starting from March 18 and ending on July 22. In the past four months, the address has continued to transfer hundreds of MKR per transaction to transfer all 30,971 MKR (worth about 92.08 million US dollars) to the exchange, with an average transfer price of about 2,973 USDT. The whale that was once the second largest PENDLE holder transferred 250,000 PENDLE to Binance According to on-chain analyst @ai_9684 xtpa, the whale that was once the second largest holder of PENDLE transferred 250,000 PENDLE to Binance, worth $1.13 million. If sold, it will make a profit of $1.03 million. The whale’s opening cost was only 0.35 USDT, and he opened the position at the low point of the bear market (2023.02.08 - 10.20); in the past three months, he has allegedly sold 2.68 million tokens (about 12.33 million US dollars) at an average price of 4.58 USDT. Optimism announces Retro Funding 4 progress: Zora is redistributing 300,000 OP to its creator community Optimism released some highlights about Retro Funding 4 on X: -Zora is redistributing 300,000 OP to its creator community; -sound.xyz will redistribute all of its Retro Funding grants to artists on the platform; -30% of Retro Funding 4 rewards to builders on Mode; -The Layer 3 team will reallocate the Retro Funding grant to the community. TON Foundation and Animoca Brands’ Mocaverse Partner to Launch $20 Million Ecosystem Development Plan The TON Foundation announced a partnership with Animoca Brands’ Mocaverse and MOCA Foundation to promote cross-ecological development and build TON into a major platform for content, games and communities, marking the next stage in the partnership between the two parties. The TON Foundation, Mocaverse, and MOCA Foundation agreed to create a $20 million MOCA Coin and Toncoin reserve that will incentivize developer and user adoption of the TON ecosystem through joint incentives such as The Open League, hackathons, and accelerator programs.
Planet Daily | US spot Ethereum ETF officially approved; Gensler may resign in early 2025 (07.23)TON Foundation is growing its influence after partnering with Mocaverse, a game backed by Animoca Brands. The two foundations will bring Telegram’s users to more than 450 products backed by Animoca’s earlier investments. Mocaverse and MOCA Foundation have entered a partnership with the TON Foundation, the growth and planning organization of Toncoin (TON). The partnership arrives at a time when Toncoin and Telegram are marking vertical growth for game apps, clicking mini-apps and channel and group advertising. The Mocaverse project launched its token on Ethereum, aiming to use MOCA to facilitate wallet-based identity, NFT trading, gaming, and metaverse experiences. Soon after starting its token distribution, the Mocaverse project entered into a token swap agreement with the TON Foundation. The two organizations want to also exchange potential users, as Toncoin relies on the growing Telegram community, reporting roughly 1.6B registered users and 800M daily active users on its chat app. “The unique partnership between Telegram and the TON Foundation and the collaboration revealed today provide an opportunity to bring Moca ID and the Realm Network SDK to Telegram’s 900 million users, which we believe could exponentially magnify all our respective network effects,” said Yat Siu, executive chairman and co-founder of Animoca Brands. Owners of a Moca ID will be able to use it on the Toncoin reputation system and as part of the TON Society ID framework. The MOCA Foundation and Mocaverse aim to gain adoption for their products, in connection with Toncoin accounts, reputation, and the creation of mini-apps. Additionally, the two foundations will hold co-branded hackathons to select projects from the most talented developers. To facilitate the partnership, the two foundations will set aside $20M in MOCA and TON tokens. The funds will be used to facilitate growth, and for airdrops on The Open League and Moca Network’s PointFi platform. MOCA Foundation boosts acceptance for Toncoin’s community The Open Network (TON) or Toncoin, is a global, community-driven blockchain project, which aims to popularize Web3 usage. The TON Foundation relies on Telegram users for its recent growth in traffic for mini-apps, clickers and games like Catizen. MOCA Foundation is the entity tasked with growing the adoption of the Mocaverse and its features and content. The MOCA Foundation also supervises the creation of MOCA DAO, allowing MOCA token holders to invest in other crypto communities. Also Read: Catizen becomes top Telegram game for Toncoin (TON) users The involvement of the MOCA Foundation exposes the Toncoin ecosystem to the influence of Animoca Brands. The organization is among the biggest investors in Web3 games, tokenized games, metaverse projects and NFT launches. Animoca Brands has invested in some of the biggest gaming projects during the 2021 play-to-earn boom. Toncoin, on the other hand, had to rely on organic growth and the launch of mini-apps and tap-to-airdrop projects. The Toncoin ecosystem already hosts Gamee, one of the most popular casual games backed by Animoca Brands. Games grew the influence of Toncoin, recently leading the chain to surpass Ethereum in daily active users. On some days, Toncoin registers more than 500K daily active users , with many more engaged in gaming off the blockchain. MOCA targets its identity and tracking services to those users, as some of the specific partnership activities will be disclosed in the future. The Mocaverse platform already hosts missions by its selection of partners from the Web3 space. The partners include high-profile gaming projects like Nine Chronicles, as well as prominent crypto platforms and partner games. The Mocaverse grew after a seed investment round from Animoca Brands. Also Read: Toncoin (TON) carries more than $9B transactions in Q2 Users can also access a MOCA ID, purchased for MOCA tokens or through an invite code. MOCA tokens are also used to trade NFT on the platform. If not used, MOCA tokens can earn passive income from staking. Attracting users into MOCA ID will also allow them access to more than 450 products in the Animoca Brands ecosystem. Spreading the ID to Telegram users may mean an inflow of players to older Web3 features, including top metaverse games like The Sandbox. Owning the ID will allow users to accrue points and reputations into a single identity, later being able to extract the value of those activities. The MOCA ID feature is still in the invite code phase, and will be unrolled over time, while establishing readable on-chain identities. Cryptopolitan reporting by Hristina Vasileva
TON Foundation partners with Mocaverse from AnimocaBitcoin briefly fell below $67,000 BlockBeats news, on July 22, according to HTX market data, Bitcoin briefly fell below $67,000, and is now quoted at $67,004, with a 24-hour increase narrowed to 0.36%. AVAX rose to $33, a 24-hour increase of 11.59% BlockBeats news, on July 22, according to HTX market data, AVAX rose to $33, and is now quoted at $32.5, a 24-hour increase of 11.59%. Meme token MFER rose more than 40% in 24 hours and is now quoted at $0.02341 BlockBeats news, on July 22, according to CoinGecko data, Meme token MFER rose more than 40% in 24 hours and is now quoted at $0.02341. MOTHER rose more than 90% in 24 hours and is now quoted at 0.07059 US dollars BlockBeats news, on July 22, according to CoinGecko data, Solana ecosystem Meme token MOTHER rose more than 90% in 24 hours and is now quoted at 0.07059 US dollars. TIA briefly broke through $7.5, with a 24-hour increase of 14.1% BlockBeats news, on July 22, according to HTX market data, TIA briefly broke through $7.5, and is now quoted at $7.46, with a 24-hour increase of 14.1%. If Bitcoin falls below $65,000, mainstream CEX will have $1.11 billion in long orders liquidated BlockBeats news, on July 22, according to Coinglass data, based on the current mainstream CEX contract positions, if Bitcoin falls below $65,000, it is expected that $1.11 billion in long orders will be liquidated. If Bitcoin rises to around $69,000, it is expected that $929 million in short orders will be liquidated. MEW briefly broke through $0.008, up more than 45% in 24 hours BlockBeats news, on July 22, according to HTX market data, MEW briefly broke through $0.008, and is now quoted at $0.007992, up 45.8% in 24 hours. May be affected by the re-increase of Bitcoin holdings, Metaplanet's stock price rose 26.9% BlockBeats news, July 22, may be affected by the re-increase of Bitcoin holdings, the Japanese listed company Metaplanet's stock price rose 26.9% today, now reported 184 yen per share. Previous news, at 8:00 on July 22, Metaplanet, a Japanese listed company, once again increased its holdings by 20.381 BTC. On July 16, it held a total of 226.611 BTC, which rose to 246.992 after this increase. Prediction market platform Polymarket's transaction volume exceeded US$24 million yesterday, setting a record high BlockBeats news, on July 22, according to Dune data information, the prediction market platform Polymarket's transaction volume reached US$24.18 million yesterday, setting a record high. OKX Web3 wallet mobile terminal officially launched Meme mode BlockBeats news, July 22, according to official news, OKX Web3 wallet mobile terminal has launched Meme mode, aiming to help users quickly, safely and free of charge on the mobile terminal to trade Meme tokens on the Solana blockchain. It is reported that the OKX Web3 Meme mode does not charge any handling fees, adopts a decentralized custody solution, and at the same time opens up the market and currency details functions in the OKX Web3 wallet, providing users with a one-stop trading service on the mobile terminal. Mocaverse announces strategic partnership with MOCA Foundation and TON Foundation BlockBeats news, on July 22, according to the official announcement, Animoca Brands' Mocaverse announced a strategic partnership with MOCA Foundation and TON Foundation to implement identity and reputation-based consumer networks in the Moca Network and TON blockchain ecosystems. In parallel with the strategic cooperation, the MOCA Foundation and the TON Foundation have executed a strategic base-level token exchange agreement to exchange MOCA Coin (MOCA) at a price of $0.113 per coin (i.e. 88,888,888 MOCA tokens). To encourage the development of the ecosystem and the interoperability of users and projects between the two ecosystems. Mocaverse, MOCA Foundation and TON Foundation will establish a steering committee to drive partnership initiatives and fund management for ecosystem growth. The steering committee will use TON and MOCA obtained from the token exchange agreement, with a total value of US$20 million, to promote interaction between users and drive user growth to the TON ecosystem through the PointFi system and guided applications. Messari founder changed his avatar to Musk's "same" laser eyes, and a batch of related Meme tokens appeared in the market BlockBeats reported that on July 22, Ryan Selkis, the founder of Messari, changed his profile picture to the same laser eye as Musk. In addition, a large number of Musk laser eye-related meme tokens such as DARKMUSK are currently on the market, and they are quite popular. CRV, HIGH and ONDO are at the top of Smart Money’s 24-hour inflow list BlockBeats news, on July 22, according to Nansen data, Smart Money’s 24-hour Ethereum network capital inflow tracking list is as follows: CRV: $1.12 million inflow, currently quoted at $0.2867, down 1.47% in 24 hours; HIGH: $860,000 inflow, currently quoted at $1.92, down 5.52% in 24 hours; ONDO: $220,000 inflow, currently quoted at $1.07, down 1.29%. The Mt. Gox address in Mentougou transferred out 0.021 BTC 10 minutes ago, which may be a transfer test BlockBeats news, on July 22, according to Arkham data, the Mt. Gox address in Mentougou transferred out 0.021 BTC (about 1,390 US dollars) 10 minutes ago, of which 0.000017 BTC was transferred to the Bitstamp address, and 0.02047638 BTC was transferred to a newly created address, which may be a transfer test. Keplr will add support for EVM network BlockBeats news, on July 22, according to The Block, Cosmos ecosystem wallet Keplr will add support for EVM to serve modular users. Aims to attract users in the Cosmos and Ethereum ecosystems. The new integration is expected to allow users to view and manage Ethereum-based assets directly within the Keplr interface. EVM support is expected to enter the testing phase in a few weeks. Binance completes the 28th BNB destruction, destroying a total of approximately US$971 million worth of BNB BlockBeats news, on July 22, according to the official announcement, Binance completed the 28th BNB destruction, destroying a total of 1,643,698.8 BNB, worth approximately US$971 million. CoinShares: Digital asset investment products inflows of $1.35 billion last week BlockBeats news, July 22, according to CoinShares' latest weekly report, digital asset investment products inflows last week reached $1.35 billion, bringing the total inflows in the past three weeks to $3.2 billion. Bitcoin investment products inflows of $1.27 billion last week, while ETPs that short Bitcoin outflows of $1.9 million. Ethereum investment products inflows of $45 million last week. This week's unlocking data at a glance: ALT worth more than $100 million will be unlocked this week, and WLD will unlock $5 million linearly every day BlockBeats news, on July 22, according to Token Unlocks data, this week ALT, YGG, and ENA will usher in a one-time large-scale unlocking. The value of ALT's unlocked shares has exceeded $100 million. WLD will unlock more than $5 million in tokens every day for four years. Detailed data includes: · GAL will unlock approximately 586,000 tokens at 8:00 a.m. Beijing time on July 24, accounting for 0.49% of the current circulation, with a value of approximately $2.32 million; · WLD will unlock approximately 586,000 tokens at 8:00 a.m. Beijing time on July 24, accounting for 0.49% of the current circulation, with a value of approximately $2.32 million; Click to start a four-year linear unlocking for insiders, unlocking about 2 million WLD per day, with a daily unlocking value of 5 million US dollars. · ALT will unlock approximately 684 million tokens at 6:00 p.m. Beijing time on July 25, accounting for 42.08% of the current circulation, worth approximately US$110 million; · YGG will unlock approximately 14.08 million tokens at 10:00 p.m. Beijing time on July 27, accounting for 3.74% of the current circulation, worth approximately US$7.51 million; · AGIX will unlock approximately 8.45 million tokens at 8:00 a.m. Beijing time on July 28, accounting for 1.33% of the current circulation, worth approximately US$5.27 million; · ENA will unlock approximately 14.89 million tokens at 4:00 p.m. Beijing time on July 28, accounting for 0.87% of the current circulation, worth approximately US$10. 7.48 million US dollars; Analyst: Bitcoin spot ETFs are driving the rise of cryptocurrencies BlockBeats news, July 22, according to The Block, Bitcoin broke through $68,000 in the early hours of this morning. Rachael Lucas, a cryptocurrency analyst at BTC Markets, said, "One of the main drivers of the rise is the large inflow of funds into Bitcoin ETFs." According to SoSoValue data, the U.S. Bitcoin spot ETF recorded a net inflow for the eleventh consecutive day on Friday, and BlackRock's IBIT has accumulated a net inflow of nearly $19 billion since its inception. At the same time, Bitcoin's gains also seem to have been affected by U.S. President Biden's announcement that he will not participate in the upcoming November presidential election, which may increase the possibility of a victory for Republican candidate Trump, who supports cryptocurrency. While Biden has endorsed Vice President Kamala Harris to succeed him as the Democratic nominee, Harris has yet to express views for or against the cryptocurrency industry. Rachael Lucas said market movements could still be affected by pending repayments from Mt.Gox, and that the market could still face short-term volatility as most of the expected creditor repayments, totaling $9 billion, are expected to be processed by early August. JPMorgan: The recent rebound in the cryptocurrency market may only be temporary BlockBeats news, July 22, JPMorgan Chase (JPM) said in a research report that any rebound in the cryptocurrency market in the short term may be tactical rather than the beginning of a new long-term bullish uptrend. JPMorgan said this is because the price of Bitcoin (BTC) is currently too high relative to its mining cost of $43,000, and is also too high relative to its volatility-adjusted gold price of $53,000. At the time of the report, Bitcoin was trading at around $67,220. JPMorgan noted that the momentum of Bitcoin futures has been weak in recent weeks due to BTC liquidations by Gemini creditors, Mt. Gox creditors, and the German government. (CoinDesk) Trump will give a speech at the Bitcoin 2024 conference this weekend BlockBeats reported that on July 22, according to the official website of bitcoin2024, former US President Trump will give a speech at the Bitcoin 2024 conference in Nashville from 14:00 to 14:30 local time on July 27. BlockBeats previously reported that industry insiders revealed that Trump may announce plans to use Bitcoin as a US strategic reserve asset at the Bitcoin 2024 conference. Variant Chief Legal Officer: With Biden's withdrawal from the election, the Democratic Party has a "huge opportunity" to win back most of the cryptocurrency votes BlockBeats news, on July 22, Variant Fund Chief Legal Officer Jake Chervinsky wrote today that with Biden's withdrawal from the 2024 presidential election, the Democratic Party has a "huge opportunity" to win back most of the cryptocurrency votes. In the election, the issue of cryptocurrency will determine the outcome of the election in several key states, and new candidates should make this a top priority. New candidates must quickly and firmly assure cryptocurrency voters that it is safe for them to vote for the Democratic Party in November. Here are five suggestions for achieving this goal: · Recognize that cryptocurrency is a technology and industry that is important to America’s economic and geopolitical strength, and commit to ensuring that cryptocurrency can thrive in the United States. · Acknowledge the failure of the SEC’s enforcement-first approach, that cryptocurrencies should not be subjected to laws designed decades ago for the analog era, and that adaptive regulations are needed. · Outline a policy platform that balances crypto innovation with consumer protection, even at a high level, demonstrating a real understanding of the technology and a willingness to engage in productive discussions. · Release a list of possible nominees to lead the federal agencies most important to crypto, such as the SEC and CFTC, to demonstrate that crypto policy is no longer being made by “anti-crypto” members. · Directly engage with key stakeholders in the crypto industry (entrepreneurs, investors, policy advocates, etc.) to begin crafting good policy in a spirit of collaboration. PlanB: I think Bitcoin will skyrocket soon BlockBeats news, on July 22, crypto analyst PlanB posted on social media, "I think Bitcoin will skyrocket soon because: 1) The bull market has just begun 2) S2F: 3 months after halving 3) RSI 67, ready to go higher 4) 200WMA $38,000 and above 5) Actual prices are high and rising (STH $65,000 = support level) 6) Realized returns are high 7) > 90% of BTC investors are profitable." 欢迎加入律动 BlockBeats 官方社群: Telegram 订阅群: https://t.me/theblockbeats Telegram 交流群: https://t.me/BlockBeats_App Twitter 官方账号: https://twitter.com/BlockBeatsAsia
Rhythm Evening News|A list of important information in the crypto industry on July 22BlockBeats news, on July 22, according to the official announcement, Mocaverse under Animoca Brands announced a strategic partnership with MOCA Foundation and TON Foundation to implement a consumer network based on identity and reputation in the Moca Network and TON blockchain ecosystem. At the same time as the strategic cooperation, MOCA Foundation and TON Foundation have executed a strategic basic level token exchange agreement to stimulate the development of the ecosystem as well as interoperability between users and projects in both ecosystems. Mocaverse, MOCA Foundation, and TON Foundation will establish a steering committee to promote initiatives of partnership relationships and fund management for ecosystem growth. The steering committee will use TONs and MOCAs obtained from token exchange agreements worth $20 million in total value to facilitate interaction among users. It also aims at promoting user growth into the TON ecosystem through PointFi system and guiding applications.
Mocaverse announces strategic cooperation with MOCA Foundation and TON FoundationMocaverse, a metaverse product under Animoca Brand, announced today a strategic partnership with MOCA Foundation and The Open Network (TON) Foundation to implement an identity and reputation-based consumer network between the Moca Network and TON blockchain ecosystems. As part of the strategic partnership, MOCA Foundation and TON Foundation signed a foundation token swap agreement to exchange MOCA Coin (MOCA) at $0.113 per coin (total valuation of $1 billion) with Toncoin (TON) to incentivize the interoperability of users and projects between the two ecosystems. TON Foundation and MOCA Foundation will use marketing and token resources to promote user interoperability and participation between the two foundations respective ecosystems, including but not limited to the use and integration of Moca ID in the TON blockchain reputation system and its application in the TON Society ID framework in the TON ecosystem. Moca ID is the decentralized identifier (DID) of Mocaverse, and TON Society ID will also be used to enhance interoperability and support user growth. Moca ID and TON Society ID are designed to provide users with a way to express their identity and values on-chain, thereby promoting seamless interaction and participation within and outside their respective ecosystems. Mocaverse and the two foundations commit to exploring opportunities to promote consumer growth of the TON blockchain and Moca Network through Mocaverses flagship interoperability SDK product, Realm Network, and the Telegram Mini App platform. In particular, Mocaverse and the TON Foundation will work to integrate the Realm Network SDK into the TON blockchain to serve as a central reputation source and to introduce, authenticate, and query data in different TON ecosystem applications. This strategic collaboration will promote user introduction and interaction in accordance with long-term strategic goals through key cultural verticals such as social casual games (such as GAMEE), sports, and intellectual property experiences. Mocaverse and the two foundations will also jointly host branded hackathons and accelerators to attract and support the most talented developers in both ecosystems and the TON blockchain. The three parties agree to do their best to recommend eligible projects to investors in their respective networks for investment. A total of $20 million worth of MOCA Coin (MOCA) and Toncoin (TON) will be used exclusively to incentivize developer and user adoption of both ecosystems, including through a joint airdrop via TON’s The Open League and Moca Network’s PointFi platform. Mocaverse is an iconic consumer network with an interoperable infrastructure layer initiated by Animoca Brands , including accounts, identities, reputation and PointFi systems. Mocaverse will serve as the execution arm to achieve the strategic goals of MOCA Foundation and TON Foundation. The strategic collaboration announced today will allow all parties to focus on building identity and reputation systems for consumer products and users. The Moca Network and Animoca Brands ecosystem of over 450 portfolio companies will provide a consumer content layer focused on culture and entertainment for the TON ecosystem, the official Web3 infrastructure for Telegram Messenger with over 900 million active users. This will help to onboard users into a comprehensive identity and reputation system powered by both Moca ID and TON Society ID. Mocaverse, MOCA Foundation, and TON Foundation will establish a steering committee to drive collaborative initiatives, develop additional areas of collaboration, and promote the growth of the common ecosystem. High-level view Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, commented: “The collaboration between Mocaverse, TON Foundation and MOCA Foundation is an exciting milestone in our shared mission to drive mass adoption of Web3 and advance digital property rights. The unique partnership between Telegram and TON Foundation, and the collaboration revealed today, will provide an opportunity to introduce Moca ID and Realm Network SDK to Telegram’s 900 million users, which we believe will amplify our respective network effects.” Steve Yun, Chairman of the TON Foundation Board, commented: “TON’s vision of freedom of interaction is strategically aligned with Animoca Brands’ emphasis on digital property rights. This collaboration is a testament to how TON has become the platform of choice for gaming and social applications. The reputation system we are creating together will be a powerful platform where users can choose to express their identity and values on-chain. We are excited to work with Animoca Brands towards widespread adoption of blockchain applications.” Manuel Stotz, TON Foundation Board Member and Founder and Managing Partner of Kingsway Capital, Animoca Brands’ largest external shareholder, commented: “The collaboration between Animoca Brands and TON Foundation will combine Web3 content, community, and distribution. This combination will drive unparalleled scaling and value creation opportunities in blockchain gaming and beyond.” About Mocaverse Mocaverse is a consumer network driven by Animoca Brands, featuring an interoperable infrastructure layer of accounts, identities, reputation, and PointFi systems across the Mocaverse partner network. Mocaverse is committed to building the largest on-chain cultural economy by connecting and expanding the network effects of the Mocaverse partner network. At the core of the Animoca Brands ecosystem, Mocaverse pioneered the Web3 identity and PointFi systems, enabling Moca NFT holders and Moca ID users to seamlessly navigate and participate in over 450 rich experiences from the Animoca Brands portfolio, with on-chain reputation proof. Mocaverse is more than just an ecosystem, it is an economy that empowers participants to build, earn, and grow together, and we are committed to promoting, popularizing, and integrating its products and ideas to the wider public and market. For more information, visit X Platform. About The Open Network The Open Network (TON) is a global decentralized blockchain community dedicated to bringing cryptocurrency to everyones pocket. By building a Web3 ecosystem in Telegram Messenger, TONs vision is to enable 500 million users to own their digital identity, data, and assets by 2028. About MOCA Foundation MOCA Foundation is a community-owned foundation that aims to enhance the network effect of Mocaverse in culture and entertainment. Its mission is to promote unity and cooperation and to be at the forefront of innovation in governance, culture, and growth. The Foundation is committed to building the largest interoperable cultural economy in the Web3 space driven by MOCA Coin and supporting the growth of Moca DAO. Moca DAO is an upcoming DAO in DAO where members will lead the co-creation of MIPs (Moca Improvement Proposals) and participate in cross-DAO empowerment through a unique delegation model. For more information, visit X Platform. About Animoca Brands Animoca Brands is a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the top 50 blockchain gaming companies in the world by 2024 , and one of the Financial Times Asia Pacific high growth companies by 2023. As a leader in the Web3 space, Animoca Brands uses blockchain technology to deliver digital property rights to consumers around the world and is committed to building an open metaverse. The company develops and publishes a broad portfolio of products, including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond and Crazy Defense Heroes, as well as products leveraging popular intellectual property in the sports and entertainment sectors such as The Walking Dead, Power Rangers, MotoGP™ and Formula E. The company has multiple subsidiaries, including The Sandbox , Blowfish Studios , Quidd , GAMEE , nWay , Pixowl , Forj , Lympo , Animoca Brands Japan , Grease Monkey Games , Eden Games , Darewise Entertainment , Notre Game , TinyTap , SPORTPASS , PIXELYNX , WePlay Media , Gryfyn and Azarus . Animoca Brands is one of the most active investors in the Web3 space, holding more than 450 Web3 investments through direct investment and Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games and many other well-known entities. For more information, visit the X platform.
MOCA Foundation and TON Foundation reached a strategic partnership and signed a MOCA and TON token exchange agreementDelivery scenarios