NYDIG has raised $720 million from 59 investors for its Bitcoin fund
In addition, the leading Bitcoin investment company has appointed a new CEO and president
Under new leadership, NYDIG will focus on Bitcoin’s Lightning Network and continue pursuing its “Bitcoin for All” mission
SEC filing shows NYDIG raised capital for the Bitcoin Fund from 59 investors
NYDIG, a leading company providing a full suite of Bitcoin services and products for institutional investors, has filed documentation with the US Securities and Exchange Commission (SEC) that shows the firm raised $720 million for its Bitcoin Fund.
According to the filing, 59 investors participated in the capital raise for the NYDIG Institutional Bitcoin Fund.
NYDIG launched its Bitcoin Fund in 2018 and continued expanding its BTC portfolio in the years since. The latest capital raise is by far the biggest in the fund’s four-year history.
Last year, NYDIG completed a $1 billion financing round at a $7 billion valuation. The round was led by WestCap and saw participation from prominent financial institutions such as Morgan Stanley.
NYDIG’s balance sheet is “the strongest it’s ever been,” despite the bear market
In addition to the massive influx of new capital into the NYDIG-managed BTC fund, the company shared another interesting piece of news on Monday. According to a press release, Tehaj Shas assumed the role of the CEO, while Nate Conrad Became the new president. In addition to leadership change, the company revealed that its balance sheet is “the strongest it’s ever been.”
NYDIG Founder and Executive Chairman Ross Stevens credited positive business metrics to “risk management discipline.” He said:
“Even during the height of the crypto frenzy in H2 2021, our risk management discipline kept us entirely away from DeFi, centralized lending platforms, and the uncollateralized lending market. The firm’s balance sheet is the strongest it’s ever been, and we’re now investing aggressively into a capital-starved market.”
NYDIG will focus on the Lightning Network under new leadership
Shah, who had worked for nearly 20 years as a partner at Goldman Sachs, said the company would continue expanding Bitcoin solutions as a part of its “Bitcoin for All” mission. The new CEO added that an increased level of focus would be put on the Lighting Network, the leading Bitcoin Layer 2 scaling solution. “
“Now it’s time for Lightning. We are excited to deliver next-generation wallet and payment solutions – faster, cheaper, safer – to our expanding set of enterprise technology clients,” Shah explained.
Jack Dorsey and Elon Musk’s Messages call for a decentralized social media blockchain: DeSo could be the answer.
Sam Bankman-Fried, Founder of FTX crypto exchange, also had a conversation about buying Twitter or creating a blockchain-based social network
The DeSo Foundation just released its roadmap to decentralize social media
The DeSo Foundation announces the release of their ambitious roadmap to decentralize social media and build The Social Layer of Web3.
Milestones on the roadmap will be executed over the next 2 quarters to solve the major problem with social media today.
“Most people don’t realize that social media is more centralized than the financial system was when Bitcoin was invented. Only a handful of companies currently control what we see and do online. We can solve this problem by decentralizing social media and storing all content on a blockchain.” said Nader Al-Naji, the founder of DeSo.
The roadmap release comes as new messages emerge between Elon Musk and Jack Dorsey, showing his idea for a blockchain-based social media protocol that does payments and short text messages.
The two billionaire entrepreneurs discussed how Twitter would be better off as an open-source protocol funded by a foundation instead of a company. Dorsey expressed regret over making Twitter a company calling it an “original sin.”
The foundation’s role in an open-source blockchain-based social network would be to finance and advance its development.
Elon Musk called it a “super interesting idea” and offered to help. However, once Dorsey failed in his attempt to get Musk on the Twitter board, he eventually left the company.
Additionally, there was a conversation between Elon Musk and Sam Bankman-Fried, founder of FTX, about making a blockchain Twitter or buying Twitter outright.
However, this may not be necessary considering the DeSo foundations roadmap and the apps emerging from its ecosystem.
DeSo released the first milestone on their roadmap with their MetaMask integration, which went live last week. It allows millions of Ethereum users to log in to DeSo with one click. They also plan to add more cross-chain communication bridges between ecosystems, including Solanas Phantom wallet. Other potential integrations include Cardano and NEAR.
A move from Proof-of-Work to “Infinite Proof-of-Stake” is also in the works. Like Ethereum’s switch to Proof-of-Stake, DeSo Proof-of-Stake will reduce consumption and become more energy efficient.
A hackathon at a major Ivy League Institution where students can compete to build the next great decentralized social network is also in the works.
The above is expected to be completed by Q4, along with a critical COO hire to help scale business and marketing operations.
Many experts expect decentralized social media to be the next huge market opportunity, which top crypto research firms have assessed. DeSo ranked first in Messari’s seven other crypto trends analysis due to the overall addressable market.
In the next decade, social media is predicted to attract 6 billion users and be worth trillions. A blockchain-based social network would highly appeal to the 50 million creators in today’s economy who are always looking for new platforms; the creator economy is currently valued at $100 billion.
DeSo has several social media apps emerging from its ecosystem that appeal directly to the creator economy, including a blockchain-based Twitter app where people can monetize with diamonds.
About Deso Foundation
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winkelvoss Capital, Pantera, and others.
$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
Check out the full roadmap and claim your username on deso.com.
After the 30X hype “Generation Zero Buddies” NFT sale in August, a new NEXUS World Land announcement has finally been published. In total, 100,000 Land NFTs – the foundation of NEXUS’ metaverse – have been made available to investors.
Advantages of Owning NEXUS World Land NFTs
The NEXUS team has set the goals of mass adoption, reaching out to all crypto communities, and being mainstream, which is not the case in other metaverse projects.
Player Traffic Will Be Your Income: The more people participate in the events in your Land NFT in the NEXUS World, the more rewards you get. Organize amazing events by expressing your creativity.
Attractive Lands with Unique Features: Each land has its own geographical location and natural characteristics suitable for its location. These natural properties are permanent and cannot be changed. Also, high-rarity lands will have both rewards and returns.
There are different types of Lands in NEXUS, with each having its own distinct visuals and features.
Prepare to be the Mayor of Your City: Every land is a city, with community members being its managers. Population registration is required for players to enter the NEXUS World. It is up to you to select the players who apply to live and play in your hometown. A portion of the earnings of all citizens is paid to you as the Mayor of the city. Being the leader of a metropolis will be both very enjoyable and very lucrative.
Additional advantages of owning NEXUS World Land:
Create companies on your land by offering your services.
Be the architect of your own land and personalize the identity and brand of your hometown.
Rent to other gamers to make money
Create contests, gatherings, and other events on your property to create a lively neighborhood.
Access to events and initiatives that are only available to landowners
How to Buy NEXUS World Land
There are only 100,000 Freehold Lands. 50% of these will be on sale for pre-game launch. Although the prices will increase, a 50% sale is reserved for the post-game launch.
If you want to take your place in the world of NEXUS, the first thing you need to do is BUY FLAGS.
The Flag Sale event will end in December 2022.
As stated in the first article, each Land (Common, Rare, Epic, and Mythical) has its own rarity and requires a separate amount of flags for each category. Each player has a maximum of 55 Flags. However, you can increase the number of flags to 55 by purchasing again after the land you purchased. Flags you purchase will appear on the Affyn Marketplace, but they are not transferable/tradable NFTs.
NEXUS NFTs are linked to real world coordinates.
City Launch
City displays will begin in December 2022. Choose your location, plant your flags and get your land at marketplace.affyn.com. The sale will be done on a first-come, first-served basis. If you request, your lands will become NFTs that will appear as works of art on OpenSea. In the real world too, it will have geolocation, cell ID, latitude and longitude. Each NFT can eventually be utilized in the NEXUS World. More details about NEXUS World can be found: https://affyn.gitbook.io/NEXUS-world/
More About Affyn
Affyn is a Singapore-based company. It develops mobile games using geolocation, augmented reality and blockchain technology. Affyn, which is a bridge between the economy in the game world and the economy in the real world, plays at the top of the Play2Earn category.
Los Angeles, California, 3rd October, 2022, Chainwire
A USDC integration with DeSo, a new blockchain that has raised $200 million from Coinbase, Sequoia, and Andreessen Horowitz, is launching next week
The integration gives DeSo a financial bridge to millions of Ethereum users and DApps, giving them one-click access to end-to-end encrypted on-chain messaging and a full “Twitter-like” feature set
The integration paves the way for DeSo to become a cross-chain social layer for all of web3
Today, social media is controlled by a handful of private corporations– but that could soon change as blockchains like DeSo begin to onboard millions of Ethereum users from DeFi apps into social apps.
As one of the industry’s first illustrations of this, a USDC integration with the DeSo blockchain, backed by Coinbase, Sequoia, Andreessen Horowitz, and others, effectively gives any Ethereum user access to a full-fledged decentralized social network.
The integration will allow millions of existing MetaMask and Ethereum users to onboard onto decentralized social apps with USDC, and message one another using gas-less end-to-end encrypted on-chain messages powered by DeSo. But that’s not all– these Ethereum users also gain access to gas-less profile creation, gas-less posting, gas-less following of other users, with a fully-decentralized on-chain follow graph, and much more.
The onboarding process is simple: Users can deposit USDC from MetaMask onto DeSo apps, and receive a DeSo-native stablecoin called DesoDollar. Once onboarded with USDC, all stablecoin transactions become virtually gas-less, costing less than one ten-thousandth of a cent.
This financial bridge from Ethereum to DeSo will also allow developers to build web3 social apps for the first time. “Existing blockchains cannot store content efficiently,” says Nader Al-Naji, the founder of DeSo. “It costs about $50 to store a 200-character Tweet on Ethereum, and about fifteen cents to store it on Solana, Avalanche, or Polygon. In contrast, DeSo is one ten-thousandth of a cent, making it the first blockchain capable of disrupting storage-heavy applications like social,” he says.
Although DeSo currently only supports USDC via Ethereum, DeSo also plans to integrate with other stablecoin ecosystems like Solana in the future as well. “It’s not our goal to be tied to a single chain,” says Al-Naji. “DeSo is a cross-chain solution that allows people to connect with each other no matter what ecosystem they’re a part of. DeSo is the unified social layer for all of web3,” he says.
This is the latest in a recent string of successes for DeSo. The platform listed on Coinbase earlier this year, announced a groundbreaking MetaMask integration last week that has caused a significant price surge, and many new social apps like Diamond, a web3 social network built on DeSo, have launched and are growing rapidly with a recent surge in user numbers.
In a world where many are dissatisfied with traditional social media, USDC and DeSo offer a decentralized solution that can finally compete with web2 juggernauts. “DeSo is the first and only blockchain that allows developers to build social apps where you can’t even tell you’re on a blockchain,” says Al-Naji. “That means, for the first time, we have a shot at finally expanding web3 from disrupting finance to disrupting the trillion-dollar social media industry.”
About DeSo
DeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. They raised $200 million and are backed by Sequoia, Andreessen Horowitz, and several others.
$DESO, the native currency of the DeSo blockchain, is listed on Coinbase.
For more information about DeSo and username claiming, visit deso.com.
The ability of any given trading platform to not only provide top-of-the-line capabilities, features and services but also be easy-to-use and offer a high degree of security and transparency is essential nowadays. This is because as the cryptocurrency and digital asset sector continues to grow, unsavory individuals and fraudulent entities would like nothing more than to steal the hard-earned funds of traders and investors.
As such, there are many platforms around the world which effectively combine the aforementioned aspects associated with digital trading, including but not limited to Coinbase, Binance, and Spectre.ai.
What makes a trading platform effective?
In a nutshell, a trading platform would be considered effective if it can enable users to trade with several different kinds of assets such as forex, stocks, bonds, cryptocurrencies, fiat currencies, commodities, indices, metals, etc., while also keeping them safe from harm. While it is true that centralized exchanges would therefore prefer to have third-parties involved in order to adhere to corresponding regulations, decentralized exchanges would instead focus on providing autonomy to the traders themselves and removing any interference from intermediaries as much as possible.
Whatever the case may be though, whether traders prefer the independence of decentralized exchanges or like to have intermediaries involved, the fact remains that everyone is becoming increasingly involved with digital trading.
Is crypto trading as profitable as they say?
It is no secret that cryptocurrency trading is among the most popular forms of trading which exists nowadays. While other markets like stocks, forex and commodities still attract a large number of traders, many have realized that cryptocurrencies allow for greater profits to be made, although the risk would certainly be higher too.
For the vast majority of traders though, the risk would seem to be worth it as there have been countless cases of individuals from all over the world who bought digital assets like BTC and ETH and cashed out at the right time, which significantly improved the quality of their lives. With that in mind, trading platforms would therefore have to take the initiative and offer access to multiple global financial markets along with a high level of transparency, both of which are aspects found on top platforms like Spectre.ai.
Furthermore, there are ways to supplement crypto trading as while most traders would normally be content with just holding the different assets in their respective wallets or at the most stake their crypto, Spectre.ai for instance offers 70% to 400% ROI on ETFs, stocks, forex, metals, bonds, commodities, equities, fiat currencies, crypto, and their own financial trading products, ‘EPICs’ and ‘Reverse Futures.’
Spectre.ai is a game changer, here’s how
One of the biggest reasons Spectre.ai in particular is garnering so much attention in the digital trading sector is because of the wide range of markets, features and services available. To date, the platform has gained approximately 140,000 users and paid over $20 million in winnings to the traders. More importantly however, the online financial trading platform offers deposit-free and interest-free trading options which is particularly useful not just for most traders, but the latter is especially beneficial for those of the Islamic faith.
Spectre.ai’s ‘Trader’s Bay’ feature is a platform-integrated online store. It offers numerous upgrades and privileges that customers can subscribe to for a minute daily fee which they can also switch off whenever desired. Spells, charms and enhancements are some examples. Among the enhancements are ‘Chains,’ which offer 400% payouts, ‘Jumbo trades,’ which double the maximum size of a trade allocation, and ‘Waterfall,’ which doubles the maximum number of open positions at any given time. Spells allow users to boost FX payouts by up to 5%. Additional spells, enhancements, and charms will be added on a regular basis.
Spectre, in summary, uses cutting-edge crowd-sourced technology to connect traders with other traders via the platform or against an available embedded liquidity pool. The platform’s unique infrastructure also ensures 24 hour liquidity and little to no risk. While restrictions in some countries may still apply, such as the platform not presently being operational in the United States, the site was nevertheless created in order to enable broker-free and fraud-free retail trading around the world. It is also the only platform available which provides ‘gamified trading’ features and services.
The trades themselves are all managed by smart contracts and, in an effort to offer increased transparency, are recorded on the Ethereum blockchain which is among the top blockchains in the world. The platform’s users would additionally trade directly against a Decentralized Autonomous Liquidity Pool (DALP), which is publicly owned and can be traded against on demand along with also being available 24 hours a day, 7 days a week. Spectre also has other interesting features like Hyper API, no hidden fees or charges, a DeFi Boost wallet, SIP (Spectre Incentive Program), and more. Whatever the case may be though, whether it’s Spectre or any other platform, one thing has become abundantly clear which is that digital trading is here to stay for a long time to come.
MonkeyLeague is an NFT game that offers players an exciting turn-based P2E soccer esports experience.
The collection, which will be auctioned on the Magic Eden NFT Marketplace in partnership with AC Milan, will include 16 iconic football players from AC Milan’s 1993/94 and 1995/96 squads.
NFT owners will be able to take advantage of signed player jerseys, VIP tickets to the AC Milan home game, and many more.
The next step in the strategic partnership between MonkeyLeague with AC Milan, the 19-time and reigning champions of Italian Serie A, will be the first release of AC Milan’s MonkeyPlayer NFT assets to be auctioned on 6 October 2022 at Magic Eden. NFTs will be available at Magic Eden on October 6th from 2 PM to 6 PM UTC with a 4-hour auction event. The collection is 16 super Limited Edition Retro AC Milan Monkeys that pay homage to AC Milan’s 1993/94 and 1995/96 teams.
Retro MonkeyPlayers
Retro MonkeyPlayers are the rarest and most exclusive AC Milan Monkey NFTs with extremely rare Appearances and amazing gaming skills and perks. A few of these NFTs will come with perks like signed player jerseys and VIP tickets to the AC Milan home game. The advantages that NFTs offer to their owners will certainly not be limited to these. There are many reasons to be one of the few who own such exclusive and collectible gaming assets.
AC Milan Legend Squads
AC Milan is an iconic club with legendary players from every era of football history. In addition to 19 league titles, this powerhouse has 3 Champions League, 5 UEFA Super Cup, and 1 FIFA Club World Cup titles, and has millions of fans all over the world.
Rossoneri’s 1993/94 team won the third consecutive Serie A champion, and three trophies, including the Supercoppa Italiana and the UEFA Champions League. The team achieved second place status in the European Super Cup and the Intercontinental Cup.
The 1995/96 season, on the other hand, was a legendary season when footballers who would become legends of the team, such as Coco, Ambrosini, and Locatelli, made their debuts for the first team. Renewing its team and entering the season with a young squad, AC Milan took the lead in the head-to-head championship fight and managed to become the Serie A champion.
What is Magic Eden?
Magic Eden is a Solana-based NFT creation, discovery, and collection platform. Focusing on collectibles, creators, game developers, and more, Magic Eden aims to introduce the next billion users to the Web3 ecosystem. With the community and creators-first principle, the platform is leading the mass adoption of next-generation NFT applications. Every month, millions of users bring dynamic cultural moments to the blockchain using the platform’s powerful minting and trading solutions. For more information, please visit www.magiceden.io.
More About MonkeyLeague
MonkeyLeague is a next-generation web3 esports game that gives players the powers to Play, Compete and Earn. Easy to learn but difficult to master, this game is built on the Solana blockchain, the exciting turn-based play-and-earn soccer game. By combining DeFi and NFTs and integrating them into its ecosystem, MonkeyLeague has achieved a great GameFi concept.
After another week with no bigger moves on the cryptocurrency market, the total cryptocurrency market capitalization stands at $946 billion as we enter Week 40. Bitcoin has been trading below $20,000 for the majority of the week, but the number of coins that remained unmoved in the past 90 days has hit the all-time high. This indicates that there is still a large percentage of strong-hand holders among us. With no foreseeable moves expected in the prices of Top 20 cryptos (except for XRP – which we are still following to see whether and how the SEC lawsuit will end), we have turned to smaller market cap but still reputable coins and tokens for this week’s Top 3 Coins to Watch selection.
3. Tezos (XTZ)
Tezos is a decentralized smart contract and application network that utilizes a modified version of Delegated Proof of Stake consensus. The blockchain launched in September 2018, following an initial coin offering (ICO) that raised $232 million in 2017. XTZ token is the native cryptocurrency of the Tezos platform. Tezos blockchain also features an on-chain governance system allowing holders to take part in the decision-making process. Developers can suggest changes or upgrades to the Tezos protocol, and if their suggestion gets approval from the community, they are rewarded with XTZ tokens after it is successfully implemented. What makes Tezos blockchain stand out among other similar blockchains is its efficient network upgrade process as the protocol allows major upgrades to be implemented without the requirement of a hard fork. This system allows Tezos to adopt new technologies quickly. Tezos also boasts with a burgeoning NFT ecosystem.
Tezos deployed its 11th network upgrade called “Kathmandu”
Somewhat lost in all the news about Ethereum’s Merge and Cardano’s Vasil hard fork Tezos’ upgrade called “Kathmandu” was deployed on September 23. Tezos’ 11th network upgrade brought several improvements to Tezos blockchain including the launch of Smart Contract Optimistic Rollups (SCORUs), improvements to the chain’s randomness generator, better event logging and tweaks to the Tezos’ validation process. In addition, the “Kathmandu” upgrade introduced the support for ‘Ghostnet’, a permanent testnet that upgrades in accord with the mainnet.
Tezos team notes that Kathmandu’s features focus on scaling and are setting up a path to 1 million transactions per second. For comparison, the current maximum capacity of the Tezos network is said to be around 1,000 TPS. However, most of the time the network operates far from its top capability as Tezos conducted around 5.4 million transactions and 1.8 million smart contract calls in September 2022. Considering how jammed Ethereum network gets from time to time, some extra transaction throughput is always a welcome resource.
2. Optimism (OP)
Optimism is a popular Ethereum Layer 2 network that approaches solving the scalability issues by reducing the cost and latency of Ethereum transactions through the use of Optimistic Rollups technology. OP is Optimism’s freshly launched governance token. OP holders will form the so-called Optimism Collective, a large digital democratic governance community that will vote on protocol upgrades, direct incentives to projects, and determine the allocation of treasury funds.
Optimism-based NFTs hit OpenSea, the world’s most popular NFT marketplace
OpenSea, the world’s largest NFT marketplace by trading volume, has announced support for Optimism last week, enabling the trading of Optimism-based NFTs. That way Optimism became the sixth network supported by the OpenSea marketplace, joining the company of Ethereum, Solana, Polygon, Klaytn and Arbitrum. Since the integration, more than 1 million Optimism-based NFTs from more than 100 different collections have been published on OpenSea. No wonder that even the Optimism team is optimistic about the recently established partnership:
OpenSea has officially dropped anchor on Optimism! 🌊🔴✨
You can now buy and sell your favorite Optimism NFTs on @opensea. The best part: knowing OPenSea activity on Optimism funds a sustainable future for Ethereum.
However, the OpenSea integration is not the only Optimism integration that has recently appeared in the crypto news. Circle, the company that issues the USDC stablecoin has announced that they will be rolling-out USDC on five new blockchain networks, including Optimism, by the end of 2022. With the expansion, Circle aims to “open the door for institutions, exchanges, developers and more to innovate and have easier access to a trusted and stable digital dollar”. Nevertheless, with a native access to the second largest stablecoin also Optimism blockchain has to benefit.
1. Cosmos (ATOM)
Cosmos is developing a network of blockchains that would facilitate the interoperability of multiple, otherwise incompatible blockchain applications and cryptocurrencies. Cosmos’ Inter-Blockchain Communication (IBC) protocol currently supports already 49 different blockchains. The Cosmos network consists of two layers – the Tendermint BFT (Byzantine Fault Tolerant), which combines the networking and consensus layers, and the application layer. In the application layer, developers can utilize the Cosmos Software Developer Kit (SDK) to translate the code from popular programming languages into one that is readable by the Cosmos protocol. The project’s success is best reflected by the rapid growth of the Cosmos network, which grew from a small ICO into a thriving ecosystem in less than three years.
Cosmos comes out with a revamped white paper; Delphi Labs stated they would focus on Cosmos development
The Cosmos team has presented a new project white paper on Monday, September 26 at the Cosmoverse conference that took place in Medellin, Colombia. The conference attracted more than 1500 attendants making it the largest event of this kind in the project’s history.
Cosmonauts, join us now LIVE for the @cosmoverseHQ kick off event in Medellin! 1500+ people have gathered in person for the largest @cosmos event in history! 🚀
The proposed new white paper includes changes to Cosmos Hub and repurposes the ATOM token. For example, the new version of the Cosmos Hub will enable other Cosmos blockchains to utilize the Hub’s validator pool to secure their networks, rather than having to establish their own validator community. The network will also transition to Interchain Security, which will make Cosmos “legally and defensibly decentralized” as well as allow “third parties to utilize the Hub’s essential infrastructure to build commercial applications”. ATOM tokens will see changes in the tokenomics, as they transition to becoming the interchain reserve cryptocurrency. 1,000,000 ATOM will be issued in the first month of the transition phase and the issuance will decrease until a steady state is reached 36 months later. In the steady phase, only 300,000 ATOM tokens will be entering circulation every month. While the changes presented in the new white paper are technically still proposals, they are expected to be implemented on-chain on October 3.
In addition, a few weeks ago Delphi Labs, Delphi Digital’s research and development unit, announced it would put its focus on Cosmos development. They have put considerable effort in exploring various blochchians and identified Cosmos as the one with the highest potential. However, they also identified a few weak points of the ecosystem, such as relatively low TVL, which may be due to the “lack of hype, funding, and memeability” that could originate from the “lack of a schelling point L1 token to rally around”. Nevertheless, more and more projects are onboarding Cosmos because of the wide reach of its Inter-Blockchain protocol. Perhaps one of the most prominent projects that is coming to Cosmos is Circle’s USD Coin (USDC), which we already wrote about in the Optimism section. The only difference is that USDC will be deployed to Cosmos a bit later than to other networks as the launch is estimated to take place in the beginning of 2023 (and not by the end of 2022 as for other 4 newly-supported blockchains). To conclude, Cosmos is a unique interoperability-focused project that has many use-cases and very likely a bright future.
Starfish Finance, the DeFi project running on Astar Network, has shared its vision of how NFTs and decentralized finance will coalesce on Polkadot. The community-driven project predicts the worlds of DeFi and NFTs will eventually fuse and form a brighter star, with Starfish Finance ($SEAN) serving as the fortress that hosts this union.
Starfish Finance is one of many planets orbiting the Astar Network ecosystem, one of the brightest parachains in the Polkadot galaxy. Living on its primary planet is a starfish named Sean, who has vowed to venture into the galaxy and build new castles.
The Starfish protocol is based on Balancer v2. It gives users the freedom to create liquidity pools of up to eight different crypto assets on top of a full stack DeFi product suite. Beyond its DeFi capabilities, users can stake NFTs on their native chain through Celer Network’s IM framework, an inter-chain messaging mechanism, to enjoy cross-chain collateralized NFT lending and borrowing.
The Starfish Finance protocol has been audited by CertiK and the Starfish team has stressed that the community’s security is their number one priority. The team is now in the process of entering into collaboration with renowned NFT projects to provide liquidity that will empower owners to access capital without relinquishing ownership of their cherished collectibles. Starfish Finance is already listed on Huobi, a major top tier centralized exchange, and the team aspires for more listings which might be announced as the protocol develops.
From the beginning, Starfish Finance has positioned itself as a one-stop shop that offers multi-token stable and weighted swaps and embraces a multi-chain future. Starfish started the year with conception, fundraising, forming strategic partnerships, building an inclusive community, and testnet launch. For the rest of 2022, the team will roll out their DeFi suite and refine their NFT collateralized lending and borrowing launch in the roadmap.
The eventual formation of Starfish DAO, dubbed The Aquarium, will pave the way for everything that comes next. The community council will be tasked with nurturing different parts of the project, from product to art, and from technology to marketing. Community members will play a big part in onboarding and whitelisting new NFT projects as eligible collateral for Starfish’s NFT-Fi, in addition to managing events and activities to grow the multi-chain Web3 economy.
Perhaps few would argue that the most exciting global event to look forward to for the rest of this year is the FIFA World Cup 2022. Where there is competition, there will be predictions. For events like this where people all around the world have different versions of dream winners, the prediction game will evolve along with the real game.
MoonXBT, an innovative crypto social trading exchange has taken the prediction game to the next level by releasing 2022 Football Token with the help of blockchain technology. This is among the few derivatives related to the world cup that you can find on the market. Users can support the team of their dream by purchasing the respective token and have the chance to lock in profit by settling after each game, or wait to share the final winning pool if lucky enough, or even better to gain profit from staking.
In addition, MoonXBT is also launching serial campaigns to better promote the 2022 Football Token derivative from which users can also get different kinds of benefits. Just recently, MoonXBT has released Football Token NFT passes with which users can get various priorities to lock in additional benefits if they get them fast.
The Football Token NFTs includes five different designs all centred around MoonXBT’s Football Token derivative with slight variations. However, according to MoonXBT, the slight variations may be enlarged and presented in prices during the transactions in the future. The quantity for each NFT design is 20, and the total quantity of the NFT passes is 2000.
At this phase, it’s not hard at all to get the NFT passes. All the users need to do is to follow the twitter account of MoonXBT global , pay the attention to the NFT related twitter posts such as name one’s favourite football players in the comment or just simply retweet the posts and tag friends, you will get a chance to be included in the group where MoonXBT Football Token NFT passes will be airdropped to the 2000 participants randomly.
Getting the NFT passes are beneficial both directly and indirectly. For direct benefits, those who obtain the NFT passes will gain 10 USDT by default because that’s the worth of the digital asset on the market currently. Furthermore, new users who get the NFT pass will be given 2 USDT trading bonus right away to their MoonXBT accounts. And if a user deposits more than 100 USDT into their MoonXBT accounts and makes at least 1 transaction, he or she will get another 5 USDT trading bonuses.
More excitingly, the NFT passes can be also translated into priorities to earn rewards in the following campaigns during the world cup season. For instance, in addition to the Football Token which allows users to predict winners for each stage of the game, MoonXBT will hold the “prediction king” campaign to reward those who successfully predicted the top three teams of the world cup. Winner will get the chance to earn an iPhone 14, iPhone 14 pro and iPhone 14 pro max. And for the winner who also happens to be an NFT pass holder, he or she will have a higher chance to be given the award.
The platform will also prepare an additional 2,000 USDT reward for those who have purchased the champion token. One lucky user will not only get the respective share from the winning pool but also take home the 2,000 USDT. Again, the one with the NFT pass will have the priority to earn the 2,000 USDT.
But those who are familiar with the NFT market must know, the real charm of NFTs is their unexpected performance in the secondary market. Right now, the MoonXBT Football NFT passes are also listed on OpenSea, the biggest NFT marketplace. The pass holders may also enjoy surprising appreciation of the asset once the NFT trading unfolds along with development of the MoonXBT’s 2022 Football Token derivative.
