Ariane Capital notes strong growth throughout 2021, paving the way for bigger and better things in 2022 and beyond. Navigating the crypto waters at an early stage allowed the team to build up years of expertise and remain ahead of the market. As a result, its products have proven very powerful and continue to provide investors with optimal returns regardless of market conditions.
Mainstream institutions and investors have come around on cryptocurrencies. While initially labelled as “worthless speculative pseudo-assets-, the overall appeal of crypto assets has increased dramatically. There is tremendous untapped potential for these assets and everyone wants a piece of the action.
Growing demand for exposure to crypto-assets allows crypto investment funds to capitalise on the momentum. Ariane Capital, a renowned multi-family office, is one of the few European financial players with expertise in crypto matters since 2014. Being an early-stage believer has positioned the company as a top contender among crypto investment funds.
Ariane Capital provides powerful tools and vehicles to its clients, ARBA FUND, designed to look for arbitrage opportunities, noted a monthly performance of +0.12% in May 2021. Remarkable, as all markets lost over 50% in that month, yet the ARBA FUND solution still turned a profit. Moreover, the ARBA FUND performance for 2020 was +41.75%, with 2021’s result being closer to +15%. Continual growth and performance are essential.
Benjamin GUEZ co-founders of Ariane capital said “Many of our peers are entering the cryptocurrency world, which I believe is good for the industry as a whole. It should be noted, however, that this is a world of insiders that is difficult to access: if you don’t have a strong experienced team, mistakes can easily happen”.
ARBA SPIN is a relatively new certificate-based vehicle focused on absolute performance. One month after launching the product, the product noted a +12.5% yield despite bearish conditions affecting all markets. Thanks to Ariane Capital’s management team and its focus on alpha generator qualities, that performance is possible. Identifying opportunities ahead of time creates a competitive edge not found anywhere else.
About Ariane Capital
As proposals for investment funds dedicated to cryptocurrencies flourish, ARIANE CAPITAL is on top of the game, having accumulated more than seven years of experience in the world of crypto assets.
If you’ve been in the crypto sphere for a while, then you probably know what to expect. You might have even experienced it first-hand. However, if your experience is limited and you want to maximize your returns. This guide will be worth reading. So, without further ado: let me walk you through my expectations and reality of staking the best coins.
Staking is a process where you hold a certain amount of coin used as an investment. In return, those coins will generate more tokens for the owner every day. The gain is called staking reward. The value of your staked coins can increase or decrease depending on what happens to the price of that particular cryptocurrency at any given time. When it comes to staking, you have to pick the right coin. It’s not about choosing the most popular coin and hoping for the best. The key is to find a project with a solid team, active development, and real-world use cases.
Things to Look for When Choosing a Coin
The Team Behind the Coin
Do they have experience in blockchain? Look into their track record and research to find out about their experience in blockchain.
The Development Roadmap
A well-defined roadmap tells you how serious the development team is about their project. It also gives you an idea of what to expect in the near future. Make sure that the roadmap is realistic and achievable. You don’t want a team that promises the moon but fails to deliver on their promises.
The Real-World Use Cases
The key to a successful cryptocurrency is adoption. Without it, the project will eventually die. That’s why you need to find a coin with real-world use cases. Something that people can use and benefit from.
Once you’ve found a project that meets all of these requirements, it’s time to do your research and see if the coin is worth staking.
Research The Coin
Do your research and see if the coin you want to stake meets all of these requirements:
Is it in a healthy position on the market? You don’t want to stake a coin that is amid a bloodbath.
What are the staking rewards? The higher the rewards, the better. However, make sure that the rewards are sustainable and not too good to be true.
Is the development team active? You want a team that is constantly working on improving their project. Check out their social media platforms and see how often they post updates.
What are the real-world use cases? This is one of the most important factors to consider when choosing a coin. Make sure that there is something to use the coin for.
By doing this, you’ll quickly identify whether or not that particular cryptocurrency is worth staking. Let’s take a look at some real-world examples to give you an idea of what I mean by “active community support.” With Bitcoin (BTC), we had Segregated Witness (SegWit). We also got Lightning Network which significantly improved transaction speeds and fees for everyone involved.
Expectations
Expectations may differ from one person to the next, but they usually boil down to a few key factors. Some expectations may be accurate, while others may be a pipe dream. When it comes to staking, you may:
Expect the value of your investment to go up over time
Expect to receive a daily return on your investment
Expect you can withdraw your funds at any time
Expect to get rich quick
Reality
On the other hand, the reality can be a bit more complicated. To get the most out of staking, you need to be aware of the following:
Your coins may not always increase in value over time
You may not receive a daily return on your investment
You may not be able to withdraw your funds at any time
It’s important to remember that staking is an investment. There are no guarantees when it comes to cryptocurrencies. If you do your research and pick the right coin, you stand a good chance of staking profitably.
How should you choose the best coins to stake?
The key is doing your research before investing money into any cryptocurrency. You want to know exactly what you’re getting yourself into before throwing your hard-earned cash at something else promising big returns but ending up giving you nothing but losses instead (and trust me when I say this happens quite often). If you’re still unsure, it is advisable to start small. Don’t go buying thousands of dollars worth of cryptocurrencies right off the bat because then you might lose more money than you can afford to. So start small and slowly build up your portfolio little by little until it’s the size of a big one.
Some of the best coins to stake include Litecoin (LTC), Ethereum (ETH), Peercoin (PPC), and Dash (DASH). Each of these coins has its unique benefits. It’s therefore crucial that you do your research before investing in any of them. For example, Litecoin is great for everyday transactions, while Ethereum can create smart contracts. Peercoin has low fees, and dash is perfect for online purchases. So as you can see, there’s a little something for everyone when it comes to staking cryptocurrencies. Just make sure you do your homework first.
To conclude, staking can be a great way to make some extra money, but you must not go in blindly. Do your research, pick the right coin, and then sit back and watch the profits roll in.
The past year will undoubtedly go down in history as a pivotal period in the history of crypto. Bitcoin (BTC) and Ethereum (ETH) all-time highs puled the cryptocurrency market cap past $3 trillion, while the surge in popularity of non-fungible tokens (NFT) and metaverse projects pushed the crypto firmly into the mainstream.
Here’s a recap of the biggest news stories and market moves that played the most crucial parts in shaping 2021 into one of the most important years in the history of blockchain.
The cryptocurrency market cap surged to $3T on the tailwind of Bitcoin and altcoins historic performances
At the beginning of 2021, the combined value of all digital assets in circulation was “only” $865 billion, which crypto aficionados welcomed with great enthusiasm as it marked the highest market valuation of digital currencies up until that point.
The total crypto market cap experienced a three-fold increase since the start of 2021.
However, the 2021’s wild ride was just getting started. The first week into January, the market cap had already reached the $1 trillion milestone. The rally continued for the next four months and the market cap broke $2 trillion in April before ultimately reaching the $2.55 trillion mark in May. A massive crash ensued, which saw the markets lose over $500 billion in the span of 48 hours and ushered in a relatively long period of consolidation which lasted throughout summer.
However, bulls woke up in mid-July and digital assets resumed their furious rise to new price peaks. On the 11th of October, the crypto market cap touched $3 trillion for the first time and many crypto analysts were convinced that a $100K Bitcoin by year’s end is inevitable. However, market dynamics and regulatory uncertainty repeatedly expressed by US policymakers pushed the market’s value down to $2.3 trillion by the end of the year.
Bitcoin hit a new ATH despite Beijing’s regulatory clampdowns
Bitcoin’s opened the year with a bang – the world’s largest digital asset broke the $40,000 level in the first week of 2021. The massive rally continued until April when BTC broke $60,000 for the first time and reached a then high price point of $64,800.
Bitcoin gained nearly 76% throughout 2021.
May was a particularly bad month for crypto and BTC was no exception – its price had more than halved in the span of two weeks. A series of regulatory crackdowns on the Bitcoin mining industry in China has contributed to the bearish trend and kept BTC in the $30K range for the first half of the summer.
By August, the market sentiment has completely shifted and BTC resumed its rally. The oldest digital currency managed to peak in November, posting the all-time high price of $68,770. While the price of BTC retraced to the $48,000 range since then, this value still represents by far the highest value at year’s end in its 13-year history.
Market data showing BTC’s previous quarterly results. Historically speaking, BTC has often faced adversity in fourth quarters.
Another important aspect, which we’ve already briefly mentioned in the above paragraphs, is the massive drop and subsequent recovery of the BTC hashrate. When China began its expansive process of shutting down crypto mining operations within the country’s borders back in May, the hashrate output of China-based miners accounted for nearly three-quarters of the global Bitcoin network computational power. This figure had dropped down to virtually zero in a couple of months.
Total hashrate production experienced a dramatic V-shape recovery after the US and Russia drastically expanded their mining capabilities in the second half of 2021.
As a result, the BTC hashrate shrunk by almost 70%, bottoming out at a two-year low of 57.47 EH/s on June 27. Eventually, other countries picked up the slack, and the influx of migrating Chinese mining businesses pulled the global hashrate production to 190.97 EH/s on December 6, a striking distance from a previous ATH recorded before Chinese authorities had intervened.
2021 will go down in history as the year when Bitcoin was recognized as a nation’s legal tender for the first time. On September 7, El Salvador embraced Bitcoin as a legal currency after the country’s Legislative Assembly passed the so-called “Bitcoin Law” in June 2021.
Ethereum led broader altcoin resurgence and significantly outperformed BTC
Whereas Bitcoin gained “only” 75% during 2021, the price of Ethereum increased by over 420% in the same time period.
Ethereum vastly outperformed Bitcoin in 2021 and led the broader altcoin resurgence.
The price of ETH surged from $734 on January 1st, 2021, to an all-time high price peak above $ 4,800, before retracing to $3,800 by the end of the year.
Ethereum’s impressive market performance was in large part fueled by the London hard fork upgrade, which introduced deflationary mechanics into the monetary supply of the second-largest cryptocurrency. The London network upgrade has highly anticipated and set the stage for the eventual transition to a Proof-of-Stake (PoS) consensus mechanism with the launch of Ethereum 2.0 slated for 2022. To date, more than 1 million ETH tokens have been forever removed from circulation thanks to EIP-1599 burning mechanics.
Shiba Inu was the year’s largest gainer, followed by a duo of blockchain gaming projects.
Numerous altcoins followed in the footsteps of Ethereum. Solana (SOL) catapulted into the 5th spot in the cryptocurrency market cap rankings after gaining over 11,500% throughout the year. Terra’s (LUNA) rise to the top was even more impressive as the platform focused on digital price stability gained over 13,300% in 2021. Other notable gainers include Avalanche (AVAX), which managed to enter the crypto top 10, and Shiba Inu (SHIB), which was by far the largest crypto mover of the year, with over 45 million percent gains.
NFTs experienced a massive surge in popularity
NFTs have grown to become one of the hot commodities not only among crypto enthusiasts but also among a wide range of celebrities and digital artists who have taken advantage of the new technology to utilize unique monetization methods and new ways of connecting with fans.
Beeple’s digital collage ‘The First 5000 Days’ is the most expensive NFT to date, having sold for over $69 million. Image source: The Verge, Beeple
Earlier in the year, a piece of digital art named The First 5000 Days by a prolific artist Mike Winkelmann, who goes by the pseudonym Beeple, was sold for a record-breaking $69.3 million. The digital collage sold as an NFT in an auction held by Christie’s is an image of 21,069 by 21,069 pixels in a .jpg format containing precisely 5,000 digital images in a mosaic.
The rise of NFTs attracted many critics, who have cited the high environmental costs and the lack of inherent value as the main point of contention in regards to the new technology. The criticism is not unfounded as most NFTs currently reside on the power-hungry Ethereum Proof-of-Work (PoW) network.
Due to the high energy costs and gas fees associated with transactions on the Ethereum platform, several competing blockchains that offer higher transactional throughput and lower costs have risen to prominence throughout the year. Proof-of-Stake (PoS) chains Solana and Tezos (XTZ) have benefited the most as their modest carbon footprint makes for an excellent choice for housing NFTs.
However, the upcoming transition of Ethereum to the PoS consensus model via the ‘2.0’ upgrade slated for early 2022 will likely come just in time for Ethereum to retain its top spot as the number one platform for NFTs.
The rise of metaverse and blockchain gaming projects
The surge in popularity of metaverse projects was among the biggest news stories of the past year. While the blockchain gaming and metaverse projects received a lot of attention throughout the year, Facebook’s rebranding to Meta took things to a new level. As the social media giant showcased its commitment to the metaverse, many projects in the crypto industry started rallying.
Blockchain gaming projects were among the better performers in 2021.
No other blockchain-powered metaverse projects received as big of a boost by Facebook’s rebranding as GALA (GALA), which gained more than 38,900% over the year. Nothing showcases the popularity of blockchain gaming as taking a look at the top 10 best performing digital assets of 2021 – three out of the ten largest movers belong to the crypto gaming sector, including the aforementioned GALA, Axie Infinity (AXS), and The Sandbox (SAND).
The hype surrounding metaverse projects can be seen by the massive amount of sales that NFT related to gaming projects are generating. Blockchain Gaming Alliance (BGA) reported that NFT games produced $2.32 billion in revenue in the third quarter of 2021, accounting for 22% of all NFT trading volume during the quarter, while the number of wallets used for gaming-related transactions grew from roughly 29,500 at the beginning of 2021 to 754,000 by the end of September.
Additionally, unique digital collectibles are setting new price records seemingly on a weekly basis. For instance, a single piece of Axie Genesis Plot sold for an eyewatering amount of 550 ETH, worth $2.5 million at the time of acquisition.
2021 was the year of the institutional investor
Perhaps the most significant trend that took place in 2021 was the meteoric rise in the amount of institutional capital flowing in the crypto industry. Business Insider reported that venture capital that flowed in crypto nearly quadrupled the previous record of $8 billion in 2018 and reached $30 billion. That’s more than all previous years combined.
Nearly $30 billion poured into crypto by institutional investors, more than all previous years combined. Image source: Pitchbook
A large part of the massive $30 billion that was invested in crypto by venture capitalists in 2021 came in a series of most prominent founding rounds: the FTX crypto exchange collected $900 in Series B funding, blockchain gaming startup Forte raised $725 million, fintech MoonPay raised $555 Million, NFT-focused Dapper Labs collected $305 million. Bitcoin services firm NYDIG topped the list with a massive $1 billion haul.
The past year saw the cryptocurrency sector get tangled with traditional markets more than any year before. The Coinbase digital asset trading company became publicly traded in April and quickly saw its market valuation rise beyond $80 billion as investors quickly flocked to the newly traded shares.
Tesla, the biggest vehicle manufacturer in the world, made headlines when it announced it bought $1.5 billion worth of BTC in February and later started accepting BTC as a payment method. The automotive giant quickly reversed its decision, citing environmental concerns as the main reason. Microstrategy was another publicly-traded company that made huge investments into Bitcoin over the year. The company sits on the biggest BTC stash of all public companies – it holds over 122,000 BTC worth roughly $6 billion at current market rates.
Furthermore, institutional investors welcomed the launch of the first US-traded Bitcoin futures-based exchange-traded fund (ETF) in October. ProShares’s Bitcoin Strategy ETF (BITO) saw an impressive market launch as investors poured nearly $1 billion into the fund during its first trading day on the New York Stock Exchange (NYSE). Many market analysts and the broader crypto community thought the launch of the first BTC futures ETF meant the first spot ETF was just around the corner.
Unfortunately, the Securities and Exchange Commission (SEC) didn’t waiver on its multi-year long stance of not allowing a physical Bitcoin ETF to be traded in the US.
A non-futures ETF would be a game-changer for institutional-scale investors unwilling to use cryptocurrency exchanges or other crypto-based products to expand their exposure to Bitcoin and other digital assets. Let’s hope that 2022 will finally be the year that the long-awaited BTC spot ETF finally gets approved.
Final thoughts
Unfortunately, the final days of December will leave a sour taste in the mouths of many members of the community due to significant price drops and a growing bearish sentiment. However, focusing on the immediate past is not a good strategy, especially in a fast-paced industry such as crypto. In the long-term, various technological breakthroughs and institutional embrace of digital assets that took place in 2021 are bound to cement the sector at the forefront of technological innovation and provide ample favorable investment opportunities for years to come.
The blockchain industry finished the year in a significantly better spot than it started the year in. Let’s hope for more of the same in 2022.
MetaVisa, a layer-3 middleware protocol, helps users to establish and display reliable on-chain identity and credit records by analyzing on-chain data and makes it easier for DeFi, NFT, GameFi, DAO, and etc, and dedicate on helping other Metaverse project integrates the identity system into those applications, such as Yield Guild Games (YGG).
YGG is a Decentralized Autonomous Organization (DAO) for investing in Non-fungible Tokens (NFTs), used in virtual worlds and blockchain-based games, a play-to earn gaming guild, bringing players together to earn via blockchain-based economies.
MetaVisa captures the on-chain actions of YGG users’ address based on on-chain data, which is used to create a profile of YGG’s guild members. This helps YGG to better target its users and improve the output of its members, allowing for optimizing management.
MetaVisa will determine the output capacity of users based on the NFT game props holding period of the address, for example, those with shorter periods tend to be star players with stronger output capacity. Similarly, stars with strong output value can be identified based on token output rate. Based on this data combined with MetaVisa’s model can provide a scientific point system that will help YGG to better manage its members and build a ladder return structure.
YGG aims to build up the largest crypto economic community. With the help of MetaVisa decentralized identity and credit system, YGG could have the support to optimize the assets of the community with maximum utility, distributing the profit to token holders. The participants of this DAO are the owner and manager of the entire ecosystem.
YGG has been dedicated to investing in and managing NFTs in the Metaverse, in part because of their ability to serve as the basis of digital property rights. MetaVisa believes that the usage scenario for NFT will be to generate cash flows for GameFi assets that have real utility and monetization potential.
The ownership of digital assets in virtual worlds is an enabling example that is beginning to redefine “work” and democratized access to high-paying “jobs”in virtual worlds.
These jobs are becoming more and more like games. In a world where capital flows freely across borders but Labour does not, capital has greater profit potential. However, the rewards for Labour are higher in virtual worlds, where “jobs” are mobile and the barriers to entry are much lower. This is the Play-to-earn revolution. In this case, improving the on-chain identity with a model or standard to rating the users in DAO will better serve the DAO members with a scientific output rate reference based on on-chain data analysis.
APENFT Foundation partners with Valuart to launch the Vanity Fair NFT Cover series, which will be on sale in the upcoming APENFT marketplace. The collection includes the first-ever NFT minted by Vanity Fair (the “Vanity Queen”) and 4 Vanity Fair NFT Covers featuring exceptional artworks celebrating the digital art movement and a unique Vanity Fair NFT Cover dedicated to His Excellency Justin Sun.
“This is a creative and artistic experiment for magazine NFT covers,” H.E. Justin Sun, founder of Tron and Ambassador of Grenada to the WTO, said. “It is great to see how crypto is reshaping creative industries.”
Simone Marchetti, Vanity Fair European Editorial Director & Vanity Fair Italia Editor in Chief, agrees: “Always a pioneer in innovation and digital development, Vanity Fair debuted in the crypto art world in September 2021, with its first cover made in NFT: the artwork, starring the singer and actress Elodie, represented a unique and unprecedented editorial operation. In 2022, the magazine’s commitment goes further: from collectibles (scheduled for January) to the exploration of the Metaverse (scheduled for April) with an experiment that wants to write a new chapter in the history of magazines.”
APENFT has opened a waitlist (https://waitlist.apenftex.com) for a marketplace that lets users mint, collect and trade NFTs. According to APENFT, it already had more than 500,000 pre-registered users on the first day that the waitlist became active. APENFT also promised a range of generous benefits, including airdrops of its governance token, referral bonus, rewards, etc. People on the waitlist can also get early access to the Vanity Fair NFT Covers drop, scheduled around early January.
“We are proud to launch our APENFT Marketplace, and it marks a new milestone in APENFT’s exploratory journey in the world of NFT and metaverse, said Sydney Xiong, director of APENFT Foundation. “What differentiates our marketplace from others is that we want to focus on leveraging NFTs to create a strong and creative IP. This partnership with Valuart is a good start.”
“We are very excited to partner up with APENFT for the launch of their new marketplace,” continued Etan Genini, CEO and Co-Founder of Valuart. “Valuart and APENFT both believe in providing exposure and access to the creative and technological movement revolutionizing the art world. This exceptional collection of Vanity Fair NFT Covers aligns perfectly with this mission.”
About APENFT
Officially registered in Singapore on March 29, 2021, APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system Bittorrent File System (BTFS), to deliver the mission of facilitating creator economy while catalyzing the financial and cultural inclusion in the metaverse and the integration of the virtual and real worlds. APENFT’s finest and most diverse collections of modern and contemporary art include key works by Picasso, Andy Warhol, Alberto Giacometti, and emerging crypto artists Beeple, Pak, FEWOCiOUS, Mitchell F. Chan, which are made available for the entire community through a series of curated online exhibitions in the metaverse. APENFT Foundation also partners with renowned art institutions, such as Christie’s and Sotheby’s, and had successfully sponsored the fourth annual “Art + Tech Art Technology Summit: NFTs and the Future” in New York and Artnet NFT 30 report, receiving global media coverage such as Artnet, ArtReview, ArtNews, Coindesk, Cointelegraph, etc. As the leading tech-driven art foundation, APENFT aims to drive high-quality traffic to support the development of the decentralized metaverse ecosystem.
About Valuart
VALUART was founded in Switzerland by crypto enthusiasts Etan Genini, Vittorio Grigòlo, and Michele Fiscalini, with the goal of creating an ecosystem meant to safeguard and enhance the intellectual property of artists, collectors and brands. VALUART exponentially grows the (digital) assets of its partners and investors in terms of value and popularity by the means of holistic technical, creative and managerial processes optimized for the growing blockchain environment and the medium of NFT. VALUART connects artists, collectors, brands, communities and other stakeholders of the Art & Design worlds, to find new ways to benefit from and otherwise monetize their unique assets, helping them to realize the true value of their works.
VALUART partnered with Vanity Fair to build a series of NFT-related initiatives, notably minting together the first cover ever of Vanity Fair as an NFT, which are aimed at expanding the reach of the Iconic magazine into the Metaverse and providing amazing new content to the crypto-art-loving community. To learn more visit: www.valuart.com
Certainly, cryptocurrencies have generated several innovative ways to make passive income, but what if we told you that you can now get paid simply by trading? Yes, you read that right. Delta Exchange, your favorite crypto derivatives exchange, has rolled out a new feature – the Trade Farming program. With a total reward pool of $50 million, you can now earn up to $100k DETO as daily rewards by trading across all trading products/contracts on Delta Exchange. Excited to learn more? Here’s everything you need to know.
An introduction to trade farming
Trade farming is a simple concept that allows you to earn significant rewards simply by trading. There’s often confusion between trade farming and yield farming. But the truth is, they’re both actually different. While trade farming rewards you for trading cryptocurrencies and utilizing a platform, yield farming allows you to earn interest by staking your crypto holdings. Although both trade farming and yield farming will enable you to earn free cryptocurrencies, trade farming goes a step further by rewarding you for each successful transaction.
Trade Farming on Delta!
The trade farming program on Delta Exchange began on December 6, 2021, and will run through 2022 and beyond. It is without a doubt an excellent opportunity for crypto derivatives traders to earn a lot of free cryptos.
A massive $50 million reward pool is all yours
The total reward pool of the Trade Farming program is $50 million, with the daily rewards calculated and distributed up to a maximum of 100,000 DETO – the utility token of Delta Exchange. DETO is an ERC-20 utility and rewards token that allows Delta Exchange users to participate in the platform’s numerous features, such as trade farming and yield farming. To get a share of the overall reward pool, all traders have to do is deposit their assets and participate in Delta Exchange contracts. It’s that simple.
Win rewards on the trading fees you pay
Rewards will be calculated on the basis of the commission or trading fee paid by the trader. LIquidation fee paid on the platform will not be counted towards reward calculation.
The formula for reward calculation is as follows:
YOUR REWARD = (FEES PAID BY YOU * DAILY REWARD POOL / TOTAL FEES PAID BY ALL QUALIFYING TRADERS)
Daily rewards to keep you going
The day cycle for calculating rewards begins at 12 PM UTC (Day n) and ends at 12 PM UTC (Day n+1), with rewards being distributed the next day at 8:00 AM UTC. While the rewards will be released on a daily basis, they will be subject to a 180-day vesting period. Although there is no restriction to how many times a trader may receive rewards, they should be informed that the maximum reward they can earn for the day is capped at 20% of the Total Reward pool.
Additionally, any unallocated rewards of the day will be returned to the Reward Pool.
Just trade to qualify
Both verified and unverified traders are eligible to win $DETO Rewards, but unverified traders will have to verify themselves in order to claim the rewards. Furthermore, all types of trading, including API and bots, will be considered for the reward pool.
Get Started with Delta Today
The Trade Farming program on Delta Exchange is every crypto trader’s dream come true. Certainly, there couldn’t be anything better than getting to win free cryptocurrency, right? So what are you waiting for? Bid adieu to the year with an excellent gift to yourself – the Trade Farming program. Click here to Sign Up for trading on Delta Exchange.
Scuderia Ferrari, the racing division of the luxury Italian car manufacturer Ferrari, has inked a partnership with Velas Network AG, a Swiss-based blockchain company that specializes in NFT-related products.
Key takeaways:
Per the announcement, Velas will be Scuderia’s exclusive provider of non-fungible tokens (NFTs) under the new deal, which will unlock new ways of interaction between one of the most winningest Formula One teams and its fans.
The first drop of exclusive digital collectibles will drop in March 2022, at the start of the new F1 season.
In addition to being Ferrari’s sole digital content creator, Velas will also sponsor the Ferrari Esports Series, the online mono-brand series of the so-called Prancing Horse, and of the Esports team that will compete in the F1 Esports Series.
Mattia Binotto, General Manager of Scuderia Ferrari, stated that the team is “pleased” to work with Velas and that the two companies share the same values.
Farhad Shagulyamov, CEO and co-founder of Velas, said that the company is excited about the prospects of showcasing its blockchain products “at the pinnacle of motorsport.”
Scuderia Ferrari is not the first team to provide access to NFT-powered content to its fans around the world. Earlier this year, McLaren Racing, the renowned automotive brand, announced the launch of an NFT collection in collaboration with Tezos.
The fan-favorite racing team took to Twitter to announce the new partnership.
Scuderia Ferrari is glad to announce that, from next season, will be able to count on a new Premium Partner – Velas Network AG.
The South Korean Game Management Committee (GMC) has requested that Apple and Google remove P2E content from their app stores
Korean officials don’t allow in-game prizes to exceed 10,000 Korean won, which severely limits the possibility of publishing “money-making” games in Korea
Korean game developers are fighting back, arguing that the decision is backward and virtually impossible to properly enforce
The South Korean government has begun cracking down on Play-to-Earn (P2E) content featured in application stores by tech giants Apple and Google. The officials have requested that the existing games be removed while blocking the release of new games using the novel monetization mechanic.
The Game Management Committee wants to limit the proliferation of P2E games
On Monday, the Game Management Committee (GMC) operating under the authority of the Ministry of Culture, Sports, and Tourism, issued a notice, requiring major app stores to block games that feature P2E mechanics.
The GMC has oversight over age ratings, which are a prerequisite for listing on both international and domestic app stores. The committee considers P2E a speculative money-making technique, which has left many Korean game developers unable to obtain the ratings required to publish their P2E games.
The official from the GMC stated that “It is reasonable to keep P2E games from getting age ratings under the current law because cash rewards in games can be considered prizes.” Earlier in the year, the Supreme Court, the top legal authority of the nation’s judicial branch, has issued a ruling, which prohibits in-game prizes from exceeding 10,000 Korean won (approx. $8.40).
Gaming companies are in staunch opposition of the government’s actions
The members of the Korean gaming industry vehemently oppose the government’s actions. As reported by Korean news outlets, game developers argue that the limitations put on so-called “money-making games” are backward and will hinder their international competitiveness. Additionally, the industry leaders point out that the limitations can be easily circumvented by using VPNs, making their effectiveness questionable.
Several gaming companies have sued the government in recent months. For instance, SkyPeople, the developer of a popular Five Stars for Clayton game, and Natris, the company behind Infinite Breakthrough Three Kingdoms Reverse, have entered a legal battle, which allows them to publish their P2E games until the final verdict is reached.
Gaming tokens have been hitting new price records on a seemingly daily basis. The massive rally in the gaming sector is driven by non-fungible tokens (NFTs) frenzy, interest in metaverses, which only heightened after Facebook rebranded to Meta, and P2E mechanics that allow players to earn digital assets by simply playing the game.
ProShares plans to launch a new exchange-traded fund (ETF) focused on companies developing virtual and augmented reality platforms, commonly referred to as metaverses. According to the SEC filing, the ProShares Metaverse Theme ETF will track the performance of the Solactive Metaverse Theme Index, which includes publicly traded companies that stand to benefit from the proliferation of the new technology.
Key takeaways:
ProShares is an issuer of ETFs with over $65 billion in assets under management (AUM). The company rose to prominence earlier this year, when the firm launched the first US-traded Bitcoin futures ETF, dubbed the ProShares Bitcoin Strategy ETF (BITO).
BITO debuted in October on the New York Stock Exchange (NYSE) with a bang, becoming the second most successful ETF launch in history as the fund recorded nearly $1 billion of trading volume within the 24 hours of its debut.
Now, ProShares is gearing up for the launch of a metaverse ETF, which would allow investors to gain exposure to the rapidly growing sector. The fund will reportedly heavily favor major tech companies, with Apple, Meta, and Nvidia being the fund’s largest weightings.
According to a market analytics firm Reports and Data’s study, the metaverse sector is set to grow exponentially over the next decade. The researchers project that the industry will generate $870 billion in revenue in 2028, up 1700% from $48 billion in 2020.
The crypto gaming sector has experienced exponential growth over the last couple of months due to the hype surrounding metaverses which reached new heights after Facebook rebranded to Meta and showcased its commitment to the growing sector and novel monetization mechanics, with the most notable being the Play-to-Earn (P2E) concept.
