Crypto Still In Limbo

Crypto Still In Limbo

Play To Earn Games | 24 Mar 2024 11:39 UTC

Crypto Still in Limbo But Investors Stay Confident in 2023

Last April, Fidelity Investments customers got the news that they will have the feature to add the digital commodity to their retirement plans through a first-of-its-kind service. At the time, Bitcoin was trading about $38,000, below 45% of its highest value.

When the company's 401(k) plan came to light the following fall, the value of Bitcoin took a steep dive. Prices fall due to the deteriorating financial conditions and the $60 billion collapse of the digital currencies Luna and TerraUSD. Bitcoin saw another bad year as it fell down to $20,000 in November. Meanwhile, the once $32 billion-valued cryptocurrency exchange FTX got a massive hit on the jaw and reached Chapter 11 bankruptcy. It imposed a shadow over the industry as the fallout from its collapse spread like wildfire. The quick demise of the exchange would further undermine investor trust in digital assets, driving Bitcoin's price to $15,480, its lowest level in two years.

Several U.S. senators, notably Dick Durbin and Elizabeth Warren, encouraged Fidelity to review its support for Bitcoin. The reason was that the digital assets exposed retirement funds to unjustified risk. “Any investment strategy based on catching lightning in a bottle, or motivated by the fear of missing out, is doomed to fail,” they stated in a letter. “We are already in a retirement security crisis, and it should not be made worse”.

One of many major companies that stands tall till now is Fidelity. It still claims openly that digital assets have a lot of potential. Ironically, given that Bitcoin's aim is to eliminate financial brokers and enable people to control their own money, traditional banking titans are gradually adopting cryptocurrencies. Their entry could cause crypto to deviate from its fundamentals and weaken the characteristics that make the sector unique, like asset's self-custody and transaction clarity.

Big Companies are Moving into Web3

Big enterprises are entering the market because they have the expertise to provide products that customers would instantly trust, including BlackRock and Fidelity.

BlackRock, the biggest investment manager in the world with $8.6 trillion in assets under administration, and Coinbase signed a collaboration agreement last August. The partnership will allow Aladdin clients to own and exchange digital assets including Bitcoin.

Nasdaq Digital Assets, the cryptocurrency initiative, came to market in September. The platform believes that its new venture would enable a greater level of institutional involvement in digital assets. It will start by providing businesses with a secure way to store cryptocurrency.

We have also BNY Mellon, the oldest bank in America, holding Bitcoin and Ethereum for its customers. Bitcoin and Ethereum are the first and second largest cryptocurrencies by market value right now. BNY Mellon has $1.8 trillion in managed assets and $42.2 trillion in assets under administration as of September 30.

Moreover, we have Wall Street giants Fidelity, Charles Schwab, and Citadel Securities founded EDXM, a crypto exchange. The facility combines cutting-edge technology with best practices from conventional banking, including an emphasis on regulatory compliance and conflict-of-interest mitigation.

These institutions have made it clear to use digital assets as a substitute for stocks/bonds when making investments. The bulk of funds that made investments in cryptocurrencies last year aimed to diversify their portfolios more by using digital assets.

Crypto's Inclusion in Investment Portfolio is a Necessity

Some businesses are learning about blockchain technology with the goal of using it as the foundation for future mainstream market operations. In the tokenization process, BlackRock CEO Larry Fink predicts that blockchain will help generate digital assets that replicate securities such as stocks and bonds.

Last year, despite a global market collapse, cryptocurrency remained more appealing than it was before. In a poll conducted by Fidelity of more than 1,000 institutional investors, the results were interesting. It came to light that 51% had a positive opinion of digital assets in 2022 as opposed to 45% in 2021. The significant advantage of digital assets was the major attraction for institutional investors. Majority of the institutional investors are of the opinion that Digital assets do have a concrete role in investment portfolios.

Despite cryptocurrency's severe volatile market in the year 2022, financial institutions and banks are happily involving themselves in the market. These institutions are positive and expect to drive higher trading volume. While financial firms trade tokens, retail traders are more likely to purchase and hold cryptocurrencies.

Cryptocurrencies are more transparent than conventional money. Experts have argued that ownership information is maintained on public digital ledgers. Theoretically, this also makes it simpler to follow the flow of cash among market players. However, many financial organizations are reluctant to reveal their plans in advance. Adam Struck, managing partner, and founder of Struck Capital said some people prefer to trade cryptocurrency with businesses like Galaxy Digital or Genesis to mask their tracks.

Despite the crypto winter and FTX collapse, many big names in investment firms and institutions are confident. They believe that crypto will bounce back and is here to stay.

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Era7: Game of Truth - Game Review

Era7: Game of Truth - Game Review

Era7: Game of Truth is a trading card game based on the blockchain. Players can earn ERA and GOT tokens by collecting NFT cards and playing the game on the Binance Smart Chain network. Era7: Game of Truth stands out because it is a cutting-edge virtual trading card game built on the Binance Smart Chain blockchain. It was inspired by popular TCG games like Magic: The Gathering and Hearthstone. It combines strategy and combat in a unique way, making for a fun and immersive gaming experience. The game makes a virtual world that is separate from the real world and has its own rules, digital items, and social interactions. Era7 creates a GameFi experience by combining DeFi, blockchain technology, and the thriving NFT market. The trading cards themselves act as valuable NFTs and have the potential to increase in value. With its self-sustaining economy, players have the chance to earn real money and are free to take it out whenever they want. In Era7: Game of Truth, the story is about the many different kinds of people who live on the Continent of Truth. These races live together and compete for the honorable title of "King of Truth." Each race has special, talented people who go through tough training at the Summoner Academy. They become Summoners when they graduate, and then they go on a journey to make Summoning Pacts. They make deals with powerful beings from the seven races to work together. At the center of the continent, the final battle for the title of "King of Truth" takes place. Not only did the winner get an important title, but their race also got the highest honors in the land.

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Farsite - NFT Game Review

Farsite - NFT Game Review

"Farsite" is a massively multiplayer online game that utilizes non-fungible tokens (NFTs) and is built on decentralized finance (DeFi) principles. In "Farsite," players can construct a base on a virtual planet and hunt for unique NFTs. They also have the freedom to create various technologies, such as ships, within the game's open economy, where players can take on virtual jobs. The game is set to debut on the Ethereum 2.0 platform, which is currently in its early stages of development. Players in "Farsite" can choose from a range of roles to contribute to the game's interplanetary economy. Player Roles in Farsite: In "Farsite," players can play as haulers, transporting goods between space stations for profit. They can also gather resources, create tools and items, and participate in star governance, mercenary work, piracy, politics, and trade. Players can establish a base on a virtual planet to search for valuable materials to craft powerful ships and modules. They can then sell these items on the open market and engage in battles to acquire loot and achieve dominance in the game's constellation. Farsite" does not provide any in-game assets, so players will have to start from scratch and create everything themselves. The game is intended to run on the Ethereum 2.0 platform. Farsite Token: cNFTs, which are ERC-721 tokens with locked ERC-20 tokens as collateral, are the items generated by players, such as Ships. They can be sold between players on the platform and NFT markets like OpenSea to generate Credits in-game. Players must either mine asteroids and planets in the game or purchase resources from other players in order to produce any in-game assets. Farsite is a decentralized platform. Everything in the game is under the authority of the player, including the economy, stars, planets, and various corporations. They can play as almost anyone they want in the game and earn money while doing so. A lot about the game is still to be seen since the major developments of the game will take place in July, for now, this is all we know.

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The Forgotten Runes - Game Review - Play Games

The Forgotten Runes - Game Review - Play Games

The Forgotten Runes is an NFT world-building simulation game that provides several ways to earn real money. Moreover, it has over 10K wizard NFTs with a decentralized view of world creation. This means that there is not one creator of the game but thousands with their own contribution. Each NFT is unique and can be developed or modified by creating them, hence the term create-to-earn (C2E). Forgotten Runes is a pioneer in the create-to-earn gaming format where players in a huge MMORPG world participate in developing and creating a virtual world called the Runiverse (The Rune Universe). Players can help in creating landscapes, upgrading their NFT wizards, building structures, and diversifying the Runiverse ecology. The Forgotten Runes Tokenomics; Forgotten Runes based on the Ethereum blockchain technology is a bluechip NFT game that has a long-term value capability. Additionally, the game is an ultimate collaboration where all the members of the game community come together to create the game. The creation of new NFTs can help the players earn WIZARDS tokens which can be used to get some real-life money as the worth of the NFTs grow with time. Also, to widen the Forgotten Runes lore and the game universe, the developers have started an animated TV series. The game has a rich lore and storyline which is a result of various storytellers all coming together. These developers worked together in the creation of characters and different storylines with amazing NFT characters and interesting stories. Like, the Holy Arcanist Illuminus of the Heavens or the Prismatic Magi Braindraind, or even the 3D Wizz Deeze. Lastly, Forgotten Runes allows every member of the game to enter their version of the story and their own creation of characters to support the wider universe of the game.

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Taurion - Game Review

Taurion - Game Review

Taurion is a revolutionary new game on the WEB3 platform that is fully decentralized and player-focused. This means that the game is built with the needs and interests of the community in mind, and it will never shut down unless the players themselves decide that it should. Taurion is designed to be a fully immersive gaming experience where players have the freedom to explore, create, and interact with one another in a way that is both engaging and fair. Whether you're a seasoned gamer or new to the world of WEB3, Taurion has something for everyone. Taurion is a decentralized game that is being developed by Xaya, a division of Autonomous Worlds Ltd. It is a sandbox game set in an ever-evolving universe that is built and owned by the players themselves. As a player-oriented game on the WEB3 platform, Taurion gives players the opportunity to shape the metaverse surrounding the game and have a real impact on its direction and development. Whether you're interested in exploring, building, or simply enjoying the freedom of a sandbox game, Taurion has something for you. Taurion Gameplay: The game is all about mining, refining, building, excavating, scavenging, strategizing, looting, planning, surviving, exploring, traveling, and trading. In short, the game is very much like real life but in the future where the threat is alien. Tokenomics: CHI is the in-game utility token and Xaya is the governance token handling the economy of the game. Players can earn or buy CHI on cryptocurrency exchanges. Besides, the developers plan on making the game a play-to-earn experience but it will depend on how the community reacts to the game and how many people join it. Thus, the more people who become part of the project, the more it will have the opportunity to make it a play-to-earn project.

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Mojo Melee - Game Review

Mojo Melee - Game Review

Mojo Melee is the first game in the Planet Mojo metaverse. It is a PvP game that is similar to chess and has both NFTs and auto-battle strategies. Planet Mojo's immersive metaverse gets its start with Mojo Melee, which gives the autochess battler genre a new twist. Mojo Melee is based on popular games like Dota Auto Chess, Dota Underlords, and Teamfight Tactics. It lets players compete head-to-head in mini-tournaments that are a lot of fun. The game is interesting because it has a strategic planning phase where you can improve and place your teams, and then it has intense combat phases. Mystic Moose wants to change the way auto-battle games are made by adding new features and taking on established heavyweights like Teamfight Tactics by using their years of experience making games.

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Ball Guys: Furry Road - Game Review

Ball Guys: Furry Road - Game Review

Ball Guys: Furry Road is the ultimate mobile PVP multiplayer game that will keep you on your toes. Experience the thrill of crazy fast-paced races, dodging oncoming obstacles, using special skills, and mastering unique circuits. Our revolutionary play and earn system allows you to exchange in-game trophies and coins for exciting real-life prizes, making your victories even more rewarding. In Ball Guys players compete against each other in fast-paced knockout online races earning exciting rewards. Pick your furball character, and get ready to experience mayhem and chaos throughout a bunch of unique circuits. Earn trophies, unlock new balls, and have fun with some friends! Second World Games is a game studio by players for players. Our purpose is to create a world of entertainment that turns players into owners and decision-makers, enabling them for the creator economy. The way we do it is by creating a universe, which allows players to navigate different gaming experiences without losing control and power. The Second World Games ecosystem will enable diverse entertainment opportunities. Currently, these are Second World: New Era and Ball Guys.

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Thetan Arena - NFT MOBA 5v5 Matches (THC token) - Game Review

Thetan Arena - NFT MOBA 5v5 Matches (THC token) - Game Review

If you're diving into the thrilling world of Thetan Arena, you've stepped into a universe of heroes, battles, and endless possibilities. Whether you're a seasoned player or a newbie exploring the arena for the first time, this guide will help you navigate the exciting features and opportunities that Thetan Arena has to offer. The Heart of Thetan Arena: Heroes and Gameplay: Thetan Arena is not just another game; it's an adventure where you become the hero. As you engage in 5v5 matches, you'll have the chance to explore a diverse roster of heroes, each equipped with unique abilities and strengths. From agile assassins to powerful tanks, the choices are yours to make. Progressing Through the Game: Your journey begins with Raidon, the standard hero provided when you sign up. As you plunge into the action, defeating opponents and conquering challenges, you'll level up your hero and unlock new abilities. And hey, who doesn't love the sweet taste of victory? Game Modes Galore: Thetan Arena is not a one-trick pony. Aside from the standard MOBA mode, there's a captivating co-op mode where you can team up against computer-controlled foes. Feeling creative? Jump into the custom mode and set the rules for your own epic showdown. The game caters to every taste, from the competitive atmosphere of ranked matches to laid-back casual sessions. The Bounty of Rewards: Battle Pass and In-Game Currency. What's a hero without some shiny loot, right? Thetan Arena has you covered with its Battle Pass system, where completing challenges and earning points unlocks a treasure trove of in-game items and cosmetics. It's like the game's way of saying, "You're awesome, here's some cool stuff!" Thetan Coins and Thetan Gems: The Real Deal Now, let's talk currency. By participating in matches and conquering quests, you'll amass Thetan Coins (THC) and Thetan Gems (THG) on the Binance Smart Chain. These precious gems can be your golden ticket to acquiring new heroes, items, and maybe even some cold, hard cash. Yes, you read that right – play to earn! NFTs and Customization: Show Off Your Style Thetan Arena isn't just about battles; it's also a stage for self-expression. Enter NFTs (Non-Fungible Tokens) – not just for heroes but also for cosmetics. These unique tokens allow you to customize your hero's appearance and stand out on the battlefield. The Marketplace Buzz If you're feeling the entrepreneurial spirit, Thetan Arena's NFT marketplace is the place to be. Buy, sell, and trade your heroes and cosmetic NFTs using Thetan, the in-game currency. It's a virtual stock exchange where your gaming skills can translate into real rewards. Premium Heroes: Worth the Investment Speaking of heroes, the game offers premium heroes that can be bought, sold, and traded. These heroes come with unique abilities and skins, potentially giving you the upper hand in battle. Acquiring them may involve using real money or Thetans earned through victories and challenges. Token Economy: THC and THG - More Than Just Abbreviations Now, let's dive into the economy of Thetan Arena, fueled by Thetan Coin (THC) and Thetan Gem (THG). THC: The Backbone of Thetan Arena Earn THC through matches, tournaments, and ranking awards. It's not just a currency; it's the lifeblood of the game's economy. Trade it, exchange it, or use it to grab Common or Epic Thetan Boxes – the choice is yours. THG: The Precious Gem Thetan Gem (THG), the game's only money, opens up a world of possibilities. Stake it, evolve your heroes, or go big and snag those elusive Legendary Thetan Boxes. With a cap of 420 million, THG is the key to unlocking rare treasures. Final Thoughts: Thetan Arena - Where Heroes Thrive In the vast gaming landscape, Thetan Arena stands out as a beacon of excitement, strategy, and endless entertainment. Whether you're a casual gamer or a competitive spirit, there's a place for you in this dynamic universe. So, gear up, choose your hero wisely, and let the battles begin. Thetan Arena awaits, and the thrill of victory – and sweet in-game rewards – is just a match away. See you on the battlefield, hero!

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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