FFATH ๐ฑ Non-Fungible Cat Ears ๐ 100 Big Companies in Crypto ๐ดโโ ๏ธ 3AC and The Mafia
We are very Far From All Time High
Your one-stop source for the most important crypto news of the week.
Click the green link to learn more about each headline.
Headlines
๐ Top 100 public companies investing in blockchain & crypto
๐ฎ๐ท Iran pays for $10M import with crypto or how to bypass an embargo?
๐ Mercado Libre expands its crypto-currency offering in Brazil
โ๏ธ IRS looking for tax cheats
๐ Tether hires BDO Italia for monthly proof-of-reserve reports and discloses more information on its assets
๐ Coinbase and others are pausing withdrawals and deposits on ETH during the merge
๐ FTX revenue reportedly grew 1000% in one year (leaked documents)
๐ 10 to 25% of Coinbase listings since 2018 involved insider trading
๐ฎ Fortnite supporting new blockchain
โ๏ธ Ceiling on the alt in Canada
๐ NFL, NFLPA and Dapper Labs launch NFL ALL DAY
โฝ Athletico Madrid, Stepn & WhaleFin
Featured Story
๐ฎ Non-fungible Cat Ears and the Beginning of Tokenized Gaming on Layer 2
The gaming industry is one of the fastest growing, seemingly recession-proof industries with a global gaming market size worth 202.64 billion in 2021. This winter we can expect to see gaming demonstrate the first practical use-case for blockchain and tokenization to the general public. Layer 2s like Arbitrum are seeking to enter the game with more news expected in the coming weeks.
The big story however, Immutable X is seeking to launch a myriad of games on its layer 2 solution as soon as this winter. With names like Disney, Marvel and Gamestop alongside a host of lesser known companies appearing on their website, there is no doubt these products will get the marketing push we are used to seeing from the media behemoths.
What is so special about tokenized gaming, and will gamers pick up the controller or drop it faster than a hot potato? Today, much of the industriesโ profits come from in-game purchases. Want your Spartan to wear cat ears? Well, Halo offers that, for a fee. For gamers, the trouble is they may want to wear cat ears in all games they play and as of right now will be shelling out each time they start a new game.
Magic the Gathering, Pokemon and other card games that were popularized with real world paper cards donโt work as well online because a vital feature of these games was removed in video game adaptations - trading. With tokenization and NFTs, players of Cross the Ages will be able to not only buy cards, but trade them through their Layer 2 wallets. Finally, I can actually own a holographic Charizard, use it in any new iteration of the Pokemon trading card game, and pretend like I will trade to you it for half your deck and scantily clad photo of your mom. The sadness in your eyes as I reverse on our deal will give me the fulfillment Iโve been yearning for since 1999.
In fact, everything you buy from movies, to collectibles to cat ears will be able to be bought, sold and traded. The tiny fees that a marketplace, publisher or artist will take on each of these transactions will have the possibility to drive value from the tokens facilitating these transactions. As of right now, most of the Layer 2 gaming solutions seem to be being built on Ethereum, which combined with the update this September could bode well for mass adoption.
According to Robbie Ferguson on the Bankless channel this past May, Layer 2 Gamingโs mass adoption is just waiting for one thing, good games. Perhaps Disney, Marvel and Gamestop have got the goods, or perhaps we will need to wait another year. Either way it seems like mass onboarding of new users will coincide with the things they want; quality entertainment and non-fungible cat ears.
Insider News
๐ดโโ ๏ธ 3AC dealing with the mafia
๐บ โDown Infiniteโ: A Ham-Fisted Attempt to Rehabilitate Do Kwonโs image
๐ Alex Mashinsky Traded Celsiusโ Book Before Bankruptcy
๐ CryptoPunks and Meebits holders can use their characters in commercial or personal projects (IP rights get released) but nothing plan for scrapped V1 CryptoPunks
๐ Yuga Labs choose POS
๐ฎ Cross The Ages and Immutable collaborate to launch P2E collectible card game
๐ Misconceptions about The Merge
๐ Lido on L2
๐ฒ๐ฝ The 12 ETHMexico finalists! (Alpha)
๐ Alameda playing again with Stargate (STG)
๐ฅ Arthur Hayes advised Tracer DAO anonymously under the pseudonym Yamashita. And copy paste GMX?
๐ Sudoswap explained
๐ NFTFi = NFT + DeFi
๐ Should you buy $APE?
๐ Synapse has integrated Dodgechain
๐ฎ DefiKingdom is going to Klaytn
๐ฅ 10 uncommon research tools (Alpha)
Reads
๐ ETH-flexive by Arthur Hayes
๐ You Only Depeg Once
๐ What Can We Learn From Animoca Brandsโ 66 Investments in 2022
Data
๐ GameFi Industry Report
๐ The State of Aave Q2 2022
๐ ENS Doubles In Four Months
๐ The State of Staking Q2 2022
Builder and tools
๐ ๏ธ Run your own local Front-End from zero to hero
๐ ๏ธ Open sourcing the Flashbots Relay
๐ ๏ธ Aptos Incentivized Testnet 3
Not in Crypto yet?
Bonus:
โ
Not signed up to the newsletter yet?