NFTs Archives - Top Crypto Game https://topcryptogame.com/category/nfts/ The latest crypto news! Mon, 30 Sep 2024 14:19:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png NFTs Archives - Top Crypto Game https://topcryptogame.com/category/nfts/ 32 32 Zuckerberg is now the fourth richest man in the world thanks to the metaverse and AI trend https://topcryptogame.com/zuckerberg-is-now-the-fourth-richest-man-in-the-world-thanks-to-the-metaverse-and-ai-trend/ https://topcryptogame.com/zuckerberg-is-now-the-fourth-richest-man-in-the-world-thanks-to-the-metaverse-and-ai-trend/#respond Mon, 30 Sep 2024 14:19:34 +0000 https://topcryptogame.com/zuckerberg-is-now-the-fourth-richest-man-in-the-world-thanks-to-the-metaverse-and-ai-trend/ Mark Zuckerberg, founder of Meta (formerly Facebook), is now the fourth richest man in the world, thanks to the growing trend of the metaverse and AI sectors. Zuckerberg is the fourth richest man in the world thanks to the trend change in the metaverse  After three years since the rebrand of Facebook to Meta, finally […]

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Mark Zuckerberg, founder of Meta (formerly Facebook), is now the fourth richest man in the world, thanks to the growing trend of the metaverse and AI sectors.

Zuckerberg is the fourth richest man in the world thanks to the trend change in the metaverse 

After three years since the rebrand of Facebook to Meta, finally the founder Mark Zuckerberg can also celebrate a new achievement: the fourth place in the ranking of the richest men in the world. 

And in fact, according to the updated ranking by Bloomberg, Zuckerberg is now in fourth place with a net worth of 201 billion dollars.

This success comes after last October 2021, Facebook had become Meta, inaugurating the new trend of the company: the metaverse.

As of today, therefore, Zuckerberg is just below the podium, behind the three richest men in the world: Elon Musk with 272 billion dollars, Jeff Bezos with 211 billion dollars, and Bernard Arnault with 207 billion dollars. 

The rise of Zuckerberg also reflects the progress of his company in the world of the metaverse, launching new hardware and supporting and involving Artificial Intelligence (AI). 

Looking at the shares of Meta Platforms, with ticker META, it is easy to notice how in this 2024 their value has exceeded $400, reaching highs of over $600. At the time of writing, the shares of META are worth $567.

The trend of the metaverse: hardware production attracts Zuckerberg and other global giants

Recently, it has been analyzed how besides for Zuckerberg’s Meta, the bet on the metaverse trend has also become attractive for other corporate giants. 

In fact, just like Meta, Apple, Google, Microsoft, and Nvidia are currently developing new devices for the metaverse. 

For example, Microsoft is in partnership with Samsung for hardware production for the metaverse that should challenge Apple’s Vision Pro headsets. However, these devices will not be available before 2026. 

On the contrary, Apple presented its Vision Pro AR/VR last June 2023, officially entering the world of the metaverse.

More recently, there is Google, which in June 2024, has instead formed a partnership with the company Magic Leap to offer immersive experiences and promote the AR/VR ecosystem. Magic Leap has already released a head-mounted augmented reality display, called Magic Leap One, which overlays computer-generated 3D images onto real-world objects. 

Meta and its Q2 2024 report: trust now in AI

While 2024 seems to be prosperous for META stocks and for, today, also Zuckerberg’s net worth, the Q2 2024 report of the company does not seem to have been satisfactory.

In fact, it seems that the metaverse was the sector in which the company recorded a loss of 4.5 billion dollars. 

Fortunately, however, Zuckerberg had already stated at that time that he wanted to involve AI, and in fact create a model based on Artificial Intelligence. 

Specifically, Zuckerberg clarified that Meta intends to scale its AI business by narrowing the company’s focus and investing more capital in AI research. Here are the words of the current fourth richest man in the world: 

“We have released the first frontier-level open-source AI model and continue to see good traction with our Ray-Ban Meta AI glasses”

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The absurdity of crypto’s presence in America’s political circus https://topcryptogame.com/the-absurdity-of-cryptos-presence-in-americas-political-circus/ https://topcryptogame.com/the-absurdity-of-cryptos-presence-in-americas-political-circus/#respond Sun, 29 Sep 2024 12:02:55 +0000 https://topcryptogame.com/the-absurdity-of-cryptos-presence-in-americas-political-circus/ Crypto crashed into the American political scene like a bad reality show no one asked for. And now, November 5 is about to be America’s first “crypto election,” with hundreds of millions of dollars pouring into political campaigns. Kamala Harris, out of nowhere, is now talking about embracing “innovative technologies,” while Donald Trump—who once called […]

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Crypto crashed into the American political scene like a bad reality show no one asked for. And now, November 5 is about to be America’s first “crypto election,” with hundreds of millions of dollars pouring into political campaigns.

Kamala Harris, out of nowhere, is now talking about embracing “innovative technologies,” while Donald Trump—who once called Bitcoin a scam—jumped into the crypto game headfirst months ago.

He’s promising to turn America into the “crypto capital of the planet.” Really? This is what politics has come to?

American crypto voters might not be all that important

Apparently, there’s a “crypto voter” now.

According to the executive director of Stand With Crypto—a lobby group backed by Coinbase, the biggest crypto exchange in the U.S.—this mysterious group is real, bipartisan, and ready to flex some political muscle.

They even give politicians grades based on how pro-crypto they are, with Trump getting an “A,” and Kamala having a N/A.

But it’s unclear if this is really a thing. Sure a handful of dudes care about crypto regulation, but most Americans seem more worried about actual problems like paying rent, affording healthcare, or literally just keeping their heads above water.

The idea that there’s this massive group of voters who care about crypto above all else seems absurd when you look at literally any national poll.

Most people don’t actually care about crypto exchanges getting regulated or if Brian Armstrong (Coinbase’s CEO) keeps getting richer.

The whole “crypto is a national priority” angle is being pushed hard, though, with lobbyists throwing around numbers like 52 million Americans supposedly owning crypto.

There hasn’t been any concrete proof of this figure by the way.

That has not stopped Stand With Crypto from claiming these supposed crypto holders are dying to have their voices heard in the upcoming election.

They even say nearly nine out of ten Americans think the financial system needs an upgrade. But if we’re being real, this is about keeping the crypto industry’s elites’ pockets lined, not helping the average Joe.

The industry is doing just fine mind you. Bitcoin’s price has quadrupled since the last election, and the value of the entire crypto market has skyrocketed.

If anyone’s losing sleep, it’s the ones who got burned by shady exchanges like FTX.

Despite Trump’s claim that the Biden-Harris administration is “extremely hostile” to crypto, the market’s thriving, with almost a third of the world’s crypto workforce based right here in the U.S.

Meanwhile, the pro-crypto Fairshake super PAC has raised over $200 million so far.

Do the candidates actually care?

Let’s talk about Kamala Harris. Until recently, she didn’t have much to say about crypto. That changed last week when she mentioned supporting “innovative technologies” at a Wall Street fundraiser.

Stand With Crypto gave her a B for her crypto stance before later downgrading her as I mentioned previously. But get this. She hasn’t really promised anything.

Her comments were just vague enough to not upset the tech industry while keeping regulators happy. Trump, on the other hand, is milking the crypto community for all it’s worth.

He’s sold four collections of NFTs and even lets people contribute to his campaign using crypto. If you think he’s genuinely invested in the future of blockchain technology, think again. 

Recent actions blatantly show that he’s in it for himself. He showed up at the Nashville Bitcoin conference and told people to “have a good time with your Bitcoin and your crypto, and everything else that you’re playing with,” because yes, that’s how seriously he takes the industry.

Trump’s understanding of crypto is about as deep as a kiddie pool, but at least he admits it. 

During the launch of his latest venture, World Liberty Financial—yet another project with his sons—he compared learning about it to learning Chinese.

Whatever the hell World Liberty Financial is supposed to be, nobody really knows. But the majority of it is owned by him and his family, so I guess we can rule out decentralization.

Then there’s Barron Trump, the apparent “DeFi visionary.” According to Trump, his 18-year-old son has four crypto wallets and “knows this stuff.”

I mean okay. Not exactly a vote of confidence, but what else would you expect from Donald Trump?

In the end, it’s all about the money. Crypto may not matter to the average American voter, but the cash behind it sure should.

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Pro-crypto Mark Cuban, after SEC Chair Gary Gensler’s job, says he will never retire https://topcryptogame.com/pro-crypto-mark-cuban-after-sec-chair-gary-genslers-job-says-he-will-never-retire/ https://topcryptogame.com/pro-crypto-mark-cuban-after-sec-chair-gary-genslers-job-says-he-will-never-retire/#respond Sat, 28 Sep 2024 20:46:11 +0000 https://topcryptogame.com/pro-crypto-mark-cuban-after-sec-chair-gary-genslers-job-says-he-will-never-retire/ Mark Cuban once thought he’d retire by 35. Now he’s 66 and shows no sign of slowing down. “I’m just getting started,” he said recently. He’s selling his stake in the Dallas Mavericks and leaving “Shark Tank” next year, but that doesn’t mean he’s done. Instead, he’s focused on Cost Plus Drugs, his online pharmacy. […]

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Mark Cuban once thought he’d retire by 35. Now he’s 66 and shows no sign of slowing down. “I’m just getting started,” he said recently.

He’s selling his stake in the Dallas Mavericks and leaving “Shark Tank” next year, but that doesn’t mean he’s done. Instead, he’s focused on Cost Plus Drugs, his online pharmacy.

In 2018, Alex Oshmyansky pitched him the idea for Cost Plus Drugs, and Cuban jumped in with $250,000. Since then, he’s poured in more cash and now owns the whole company.

Their model is straightforward. Buy or make drugs, add a 15% markup, and sell them at a fraction of the usual cost. It’s making money, but Cuban has promised that he is more interested in breaking the system.

He says he wants people to afford their meds without breaking the bank. 

“I want people to say, ‘That guy f—ed up healthcare, so now no one’s scared of the price tag on their pills.’”

Cuban wants Gensler out

But Cuban’s a new target: Gary Gensler, the SEC Chair. Cuban isn’t happy with how Gensler’s handling things. He’s been vocal, blunt, and ready to take action.

“Head of the SEC, that’s the job I would take,” he told Fox News. Gensler’s been cracking down on crypto for four years, treating it like it’s all stocks and bonds. Cuban and a lot of others in the industry don’t agree.

Gensler’s month hasn’t been great. First, Representative Ritchie Torres from New York called him out for lumping NFTs and crypto in with traditional securities.

Then Cuban came swinging, saying he could do a better job. “You leaving is worth a point in GDP growth,” he said to Gensler on X.

The SEC has gone after Coinbase, Binance, Kraken, Consensys, and more, accusing them of breaking laws that go back almost a century.

Gensler insists crypto needs to play by his nonexistent rules. Anthony Scaramucci, another pro-crypto person who’s backing Kamala Harris, is also fed up with the SEC’s current direction.

Those supporting Donald Trump have long been over Gensler. Trump himself promised to fire Gensler on his very first day back.

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TRON DAO Unites With Global Community at TOKEN2049 Singapore https://topcryptogame.com/tron-dao-unites-with-global-community-at-token2049-singapore/ https://topcryptogame.com/tron-dao-unites-with-global-community-at-token2049-singapore/#respond Fri, 27 Sep 2024 00:00:44 +0000 https://topcryptogame.com/tron-dao-unites-with-global-community-at-token2049-singapore/ Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland – September 26, 2024 – TRON DAO united with the global blockchain community as a Title Sponsor at TOKEN2049 Singapore,  the world’s largest Web3 conference, held at the Marina Bay Sands. At the conference, […]

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Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more ›

Geneva, Switzerland – September 26, 2024TRON DAO united with the global blockchain community as a Title Sponsor at TOKEN2049 Singapore,  the world’s largest Web3 conference, held at the Marina Bay Sands. At the conference, Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered an insightful keynote emphasizing TRON’s commitment to strengthening blockchain security. TRON DAO further reinforced its presence by collaborating with key industry leaders for high-profile events, including an exclusive afterparty by TRON DAO co-hosted with HTX DAO, sponsored by Google Cloud, The Block, ChainGPT and other key industry leaders. Additionally, TRON DAO was an official supporter in Google Cloud’s “AI and Web3: Building a Trusted Digital Future,” and Crypto Fight Night (CFN) Offchain Singapore. TRON founder Justin Sun delivered opening remarks at all three events, emphasizing TRON’s role in shaping the future of Web3.

TOKEN2049 is a premier global conference series, where key decision-makers from across the crypto ecosystem gather to exchange insights, foster collaboration, and shape the future of the industry. TOKEN2049 brought together industry leaders, innovators, and global cultural figures, all converging in Asia’s leading economic hub to discuss the path forward for growth and development in the digital asset space. The event attracted a global audience, underscoring Asia’s critical role in driving innovation within the blockchain and Web3 sectors.

Keynote from the Community Spokesperson at the TRON DAO

Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered an insightful keynote titled “TRON’s Global Initiative to Enhance Trust and Security through the T3 FCU.” Uhryniak shared that TRON, Tether, and TRM Labs have joined forces to establish the T3 Financial Crime Unit (T3 FCU), a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activity associated with the use of USDT on the TRON blockchain. This novel collaboration brings together the anti-financial crime expertise of TRM Labs, a leading blockchain intelligence firm; the technical expertise of TRON, a leading global blockchain and DAO; and external investigations team at Tether, the largest company in the digital asset industry, to create a safer and more secure crypto community for all.

TOKEN2049 Afterparty

TRON DAO hosted an afterparty co-hosted by HTX DAO, sponsored by Google Cloud, The Block, ChainGPT and other key industry leaders. During the opening speech, Sun shared his vision for the future of Web3, highlighting the significant progress made within the industry. The event successfully combined innovation and entertainment, featuring live music, a DJ, and three hours of complimentary cocktails, refreshments, and light bites. Attendees participated in lucky prize draws and enjoyed a variety of gifts. The evening embodied the spirit of collaboration and forward-thinking innovation, leaving a lasting impression on all who attended.

“AI and Web3: Building a Trusted Digital Future” by Google Cloud

TRON DAO took center stage as an official supporter of Google Cloud’s exclusive event, “AI and Web3: Building a Trusted Digital Future.” At this high-profile gathering, Sun delivered a compelling opening speech, highlighting the transformative potential of the convergence between AI and Web3 technologies. Sun emphasized how the integration of artificial intelligence with decentralized blockchain networks can drive innovation, enhance trust, and build a more secure and inclusive digital future. The event underscored TRON DAO’s commitment to fostering collaboration across industries and pioneering advancements that shape the future of Web3.

Crypto Fight Night (CFN) Offchain Singapore

TRON DAO was an official supporter of CFN, a global crossover boxing tournament that uniquely combines the excitement of combat sports with the innovation of cryptocurrency. Sun delivered an opening speech, drawing a powerful comparison between the determination of fighters and the resilience of builders within the TRON ecosystem, stressing the importance of pushing boundaries in both arenas. He commended CFN for merging combat sports with the world of blockchain technology, highlighting its contributions to the crypto industry. Sun also recognized one of the fighters, Travis, a dedicated TRON community member who fought for TRON at the event. He noted his passion and commitment to advancing the TRON ecosystem, noting his role in fostering a strong and innovative community. Travis delivered an impressive performance, winning the fight and bringing a proud victory not only for himself but also for the TRON ecosystem and its community.

TOKEN2024 showcased a dynamic fusion of innovation and collaboration, with TRON DAO playing a prominent role. TRON DAO’s participation underscored its commitment to empowering communities and fostering inclusivity, while reinforcing its leadership in driving progress and innovation within the blockchain industry.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of September 2024, it has over 258 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. 

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Media Contact
Yeweon Park
[email protected]

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DeFi leads activities on L2 chains, but questions remain https://topcryptogame.com/defi-leads-activities-on-l2-chains-but-questions-remain/ https://topcryptogame.com/defi-leads-activities-on-l2-chains-but-questions-remain/#respond Thu, 26 Sep 2024 13:03:24 +0000 https://topcryptogame.com/defi-leads-activities-on-l2-chains-but-questions-remain/ Decentralized activities account for the biggest share of block space on L2 chains. Almost all rollup platforms grew in 2024, getting the biggest boost from DEX trading and lending. Other activities take up less than 5% of block space on some chains.  DeFi and L2 chains proved to be a good fit in 2024, as […]

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Decentralized activities account for the biggest share of block space on L2 chains. Almost all rollup platforms grew in 2024, getting the biggest boost from DEX trading and lending. Other activities take up less than 5% of block space on some chains. 

DeFi and L2 chains proved to be a good fit in 2024, as DEX trading and lending became the main drivers of activity on these networks. The crypto landscape in 2024 also included stablecoins serving as the main source of liquidity on L2. 

Mantle reserves more than 57% of block space for DeFi activities. Base has the second-largest share of DeFi activity, mostly related to meme token creation and the launch of small-scale liquidity pairs. More than 43% of Base’s on-chain space is taken by those types of L2 transfers. 

DeFi also underscores the need for value transfers from Ethereum, which led to the $1B in net inflows to major L2 ecosystems. 

After the last few weeks of market recovery, the value of DeFi for all chains surpassed $103B once again. Ethereum still has the largest share at nearly $60B. L2 chains are competing with Solana, TRON and BSC for a share of activity. However, Ethereum’s dominance is the major driver of liquidity and traffic into the current selection of L2s. 

The other driver of L2 success is the apps themselves, mostly Uniswap and Aave, which have shown their capabilities of drawing in traders and value.

Most L2 chains remain fragmented

Among L2 chains, Polygon remains the most widely used for cross-chain activities. Polygon was a first-runner and keeps close ties with Ethereum, through more liquid bridges. 

Polygon also carries bridges with connections to multiple other chains, making up to $63M in liquidity locked. Bridging is not a high-traffic activity, as most of the bridged or wrapped assets remain on the new chain. Bridging back to the original chain is also often complicated or limited. 

Arbitrum remains the busiest L2 chain in terms of bridging. Even though Arbitrum leads in this category, on-chain data shows that only around 819 wallets bridge assets per week. Each day, under 150 bridging wallets are active, moving under 400 ETH. 

Optimism, Zora, and Scroll are also among chains with around 10% in bridging activity. However, L2s are not fulfilling the vision of Vitalik Buterin in being cross-compatible not only with Ethereum, but among each other. 

Questions remain about correct usage of L2 chains 

In 2024, L2s were all about rapid growth, high transaction volumes, and value inflows. In some use cases, L2s successfully scaled Ethereum and moved traffic to a cheaper, faster layer. 

L2 chains also turned to business models to draw the attention of VC backers or produce a viable token for short-term market success. 

One of the biggest problems for L2 chains is the rapid slowdown in volumes soon after launching. The airdrop incentive model often causes developers to flock to early-stage L2 even during the testnet period. 

ZkSync slowed down all types of on-chain activities after the incentives ran out.
ZKSync transactions slowed down after the airdrop incentives ran out. | Source: Dune Analytics

Soon after the main net launch, these users are already flocking to new chains, boosting transaction counts at their new destination. All of the activity is directed to one goal – to receive a larger airdrop share. After a few months, the traffic on new L2 chains slows down to nothing. 

L2 chains may have to thank fat-fee apps and liquidity hubs for their survival and for marinating activity levels, which combine to offer passive returns or trading. Even with early incentives, this meant the first generation of large-scale L2 platforms managed to survive and grow their liquidity and user base.

L2 as a narrative showed signs of too much hype, but existing chains are hosting real activity, with a potentially bullish effect for Ethereum. 

L2 chains also offer their own specific focus and culture, often defining the most common types of apps. Chains like Linea host outsized SocialFi activity, turning that into a staple. The chain is also the leading host for NFT activity. Arbitrum is often chosen for gaming, while Base is the go-to chain for high-speed DEX activity and a meme coin launchpad. 

L2s remain highly active but have not yet reached the limits of Ethereum’s blocks. Most chains managed to strike a balance and achieve net gains even after paying all the L1 fees for using Ethereum. Taiko remains the only major L2 that is operating at a loss due to its high-frequency interactions with Ethereum blocks.  

Cryptopolitan reporting by Hristina Vasileva.

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How Vellos is transforming token markets https://topcryptogame.com/how-vellos-is-transforming-token-markets/ https://topcryptogame.com/how-vellos-is-transforming-token-markets/#respond Thu, 26 Sep 2024 06:32:54 +0000 https://topcryptogame.com/how-vellos-is-transforming-token-markets/ The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury. Fragmented fundraising environments […]

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Receive, Manage & Grow Your Crypto Investments With BrightyReceive, Manage & Grow Your Crypto Investments With Brighty

The journey for blockchain protocols doesn’t end after their Token Generation Event (TGE); in many ways, it’s just the beginning. While pre-TGE projects often bask in the glow of investor hype and support, post-TGE protocols frequently face significant hurdles when attempting to raise additional funds by selling discounted tokens from their treasury.

Fragmented fundraising environments and liquidity issues plague these projects, diverting their focus from development to fundraising. Enter Vellos—a groundbreaking platform designed to address these challenges head-on.

The Fragmented Fundraising Environment

For pre-TGE projects, the fundraising landscape is bustling with venture capitalists, brokers, and launchpads eager to invest in the next big thing. However, this enthusiasm often wanes once the TGE is complete. Post-TGE protocols find themselves in a fragmented environment where:

  • Limited Access to Investors: VCs and funds that specialize in pre-TGE investments may not extend their services to post-TGE projects, leaving a gap in support.
  • Focus on New Hype: Many investors chase after the newest projects generating buzz, sidelining established protocols that still require capital to grow.
  • Time-Consuming Funding Hunts: Protocol founders are forced to spend valuable time seeking funding instead of advancing their platforms.

The lack of a centralized marketplace for post-TGE investments means there’s no streamlined way for these projects to connect with suitable investors, impeding their progress and innovation.

The Liquidity Conundrum

Liquidity poses another significant challenge:

  • Difficult Offloading: Existing players in the discount token market deal primarily with pre-existing SAFTs or token warrants laden with conditions, making them hard to offload.
  • Large Ticket Sizes: Big-ticket discount token deals are tough to sell, limiting the pool of potential buyers.
  • Concentration of Tokens: When large amounts of a protocol’s tokens are held by a single entity, it creates selling pressure as tokens vest, potentially destabilizing the token’s value.

These issues contribute to a less dynamic market, where both buyers and sellers face obstacles that hinder the ecosystem’s overall health.

Introducing Vellos: A New Opportunity for Post-TGE Protocols

Vellos emerges as a solution to these persistent problems. It is a discount token marketplace specifically tailored for post-TGE projects, aiming to democratize access to discounted tokens and streamline the fundraising process.

What is Vellos?

Vellos is a platform where projects can offer their treasury tokens at a discount directly to their loyal community and a broad spectrum of other users. By breaking down large raises into smaller, manageable ticket sizes, Vellos enables individual users to participate in funding rounds traditionally reserved for big players.

How Vellos Addresses the Challenges

  • Unified Marketplace: Vellos creates a centralized environment where post-TGE projects and interested investors can connect effortlessly.
  • Enhanced Liquidity: By dealing with new investment vehicles rather than pre-existing ones, Vellos simplifies the process of buying and selling discounted tokens.
  • Dynamic NFTs: Vellos employs proprietary dynamic NFTs that act as keys to the underlying tokens. As tokens vest, NFT owners can claim them at will, adding a layer of flexibility and security.

Key Features of Vellos

  • Automated Onboarding: The entire process is permissionless and automated, including wallet and token checks, reducing administrative burdens.
  • NFT Resale Marketplace: To introduce liquidity for buyers, NFTs can be traded at any time, even before vesting begins, providing an exit strategy and market dynamism.
  • Revenue Sharing: Projects receive a portion of the revenue from secondary NFT trades, creating an ongoing revenue stream.

The Benefits for Protocols

By leveraging Vellos, protocols can unlock several advantages:

Direct Funding from the Community

Protocols can raise funds by offering discounted tokens directly to the community that has supported them from the start. This inclusivity strengthens community bonds and diversifies the investor base.

Creation of ‘Micro-KOLs’

Each user who purchases discounted tokens becomes a ‘micro-Key Opinion Leader.’ With skin in the game at a favorable price, these users are more likely to advocate for the project, amplifying its reach and influence.

Controlled Selling Pressure

Protocols can set custom cliff and vesting terms proportional to the discount offered, allowing them to manage the selling pressure and maintain token stability.

Consistent Revenue Stream

By earning a share of the revenue from secondary NFT trades, protocols establish an additional, consistent income source that can fund ongoing development and operations.

Focus on Core Development

With fundraising streamlined through Vellos, protocol founders can dedicate more time and resources to building and enhancing their products, driving innovation and value creation.

Vellos Telegram App: Bootstrapping Community Growth

To expand and engage its community, Vellos recently launched a Telegram app that has quickly gained traction. Within the first two weeks since its launch, the app amassed 240,000 active users, signaling strong interest and participation.

The app allows users to interact with several engaging features, earning points along the way:

Doge To Earn: Players can participate in the “Doge To Earn” game, where they dodge enemies to accumulate points. The more successful they are at avoiding obstacles, the more points they can earn. Players can also use these points to upgrade their in-game features, enabling them to boost their point-earning potential over time.

Invite: Users can invite their friends to join the app, earning significant points for each referral. Additionally, they benefit from passive point-earning opportunities, receiving 16% of the points earned by their direct friends and 8% from indirect friends.

Task: Players can complete tasks, such as following Vellos on various social networks (SNS), to earn extra points and rewards.

Looking beyond just point farming, Vellos aims to utilize the Telegram app as a platform for education and community-building, providing valuable content and resources that enhance user experience and engagement over time.

Conclusion

Vellos stands poised to disrupt the post-TGE fundraising landscape by addressing the fragmentation and liquidity issues that have long hindered protocols.

By creating a unified, automated, and liquid marketplace for discounted tokens, Vellos empowers projects to connect with a broader investor base, engage their communities, and focus on what truly matters—building exceptional products in the web3 space.

To learn more:

Disclaimer: CryptoSlate is a strategic advisor for Vellos.

Mentioned in this article

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Citi survey reveals family offices doubled down on crypto year-over-year https://topcryptogame.com/citi-survey-reveals-family-offices-doubled-down-on-crypto-year-over-year/ https://topcryptogame.com/citi-survey-reveals-family-offices-doubled-down-on-crypto-year-over-year/#respond Tue, 24 Sep 2024 05:05:02 +0000 https://topcryptogame.com/citi-survey-reveals-family-offices-doubled-down-on-crypto-year-over-year/ The number of family offices optimistic about crypto more than doubled to 17% this year from 8%, with direct exposure being their favored form of investing, according to Citi’s “Global Family Office 2024 Survey Report” published on Sept. 20. The report indicated that interest in digital assets continues to increase from a low base. Both large […]

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The number of family offices optimistic about crypto more than doubled to 17% this year from 8%, with direct exposure being their favored form of investing, according to Citi’s “Global Family Office 2024 Survey Report” published on Sept. 20.

The report indicated that interest in digital assets continues to increase from a low base. Both large and small family offices — those with less and more than $500 million in assets under management, respectively — showed similar levels of interest in digital assets, with direct crypto and crypto-linked investment funds being top priorities.

About a quarter of respondents had already invested or were planning to invest in digital assets, with 17% categorized as early adopters and 10% as “digital asset curious.”

Notably, most of the early adopters seem to be experimenting with crypto, as 15% of them allocated less than 5% of their portfolio to crypto.

Family offices favor direct exposure

Family offices still favor direct exposure to crypto, with 24% of the surveyed entities investing directly in digital assets. Meanwhile, 18% of family offices reported exposure through exchange-traded funds (ETFs).

Large family offices are more interested in tokenized real-world assets (RWA) than their smaller counterparts, with 11% of large entities reporting an exposure to crypto versus 3% for the latter.

On the other hand, small family offices have a greater appetite for derivatives, with 8% having exposure to these products compared to 3% of the larger entities.

Additionally, despite having similar exposure through stablecoins, the number of small family offices exposed to non-fungible tokens (NFT) is 4x higher than larger firms.

Asia Pacific leads in interest

The report also highlighted that family offices still lack proper education about crypto, as two-thirds of participants remained undecided about which digital asset product to explore.

Asia Pacific led in digital asset adoption, with 37% of family offices invested or interested in investing in digital assets. One in twenty family offices in the region reported more than 10% of investable assets in digital assets.

Meanwhile, Latin American family offices showed the least interest, with 83% not prioritizing an allocation in digital assets.

While the overall trend shows increased interest, the report also noted that the percentage of those planning to add to their allocations minus those planning to decrease was negative (-11%) for digital assets. This means there is more interest in reducing exposure compared to increasing it despite the bullish sentiment in the market.

Additionally, the Citi report highlighted that crypto is not a priority for a significant majority (73%) of the surveyed family offices.

Mentioned in this article

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OpenSea is hit with a new securities lawsuit from two users https://topcryptogame.com/opensea-is-hit-with-a-new-securities-lawsuit-from-two-users/ https://topcryptogame.com/opensea-is-hit-with-a-new-securities-lawsuit-from-two-users/#respond Mon, 23 Sep 2024 14:30:05 +0000 https://topcryptogame.com/opensea-is-hit-with-a-new-securities-lawsuit-from-two-users/ OpenSea, the largest NFTs marketplace, got hit with a new lawsuit from plaintiffs, Anthony Shnayderman and Itai Bronshtein. The class action lawsuit in Miami federal district court accuses OpenSea of selling unregistered securities in the United States.  The plaintiffs believe that the NFT marketplace deceived investors by stating on its website that the NFTs they […]

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OpenSea, the largest NFTs marketplace, got hit with a new lawsuit from plaintiffs, Anthony Shnayderman and Itai Bronshtein. The class action lawsuit in Miami federal district court accuses OpenSea of selling unregistered securities in the United States. 

The plaintiffs believe that the NFT marketplace deceived investors by stating on its website that the NFTs they sell are not securities. They referenced the litigation involving the FTX cryptocurrency collapse, which ruled that NFTs are unregistered securities. 

OpenSea is selling unregistered securities

According to the court documents, NFTs sold on OpenSea qualify as securities under US law and based on Howey’s Test. People are investing in NFT projects, which are common enterprises in this case. Investors expect to profit, relying on the effort of the NFT project team. Hence, NFTs are unregistered securities under US laws. 

Shnayderman and Bronshtein incurred financial losses. They still have active accounts on OpenSea and hold various NFTs from projects like Bored Ape Yacht Club, the Sandbox LANDs, Spooky Boys Country Club, and M Ape Kids Club M1. Shnayderman and Bronshtein incurred losses by selling their Pudgy Penguins and Mad Ape Tournament NFTs on the marketplace

The court filing stated that the plaintiffs are representing global, nationwide, New York, and Florida classes of individuals/entities. This includes anyone who purchased NFTs from OpenSea, which likely equates to thousands of people. The firm did not release any official comment. 

Adam Moskowitz, the managing partner of the Moskowitz Law Firm, is one of the attorneys representing the plaintiffs. In an article from Law.com, he stated, “We want to use this litigation to help create the framework of NFTs moving forward. Let’s now sit down and try to work on constructive NFT regulation…” 

Finzer posts a job while Atallah hides

Devin Finzer and Alex Atallah, the co-founders of OpenSea have been moving differently. Devin, who resides in Miami Beach, Florida, listed a job post last month. The founder is looking for a personal assistant, indicating active work on OpenSea.

Atallah, on the other hand, has stayed behind the scenes since the NFT space was hit by the bear market. It was reported he did not attend major events like NFT.NYC.

OpenSea or Ozone Networks Inc. was founded in 2017 and achieved massive success as the leading NFT marketplace.

In Q4 of 2021, during the bull run, and NFTs mania, the NFTs marketplace giant gained $186 million in revenue compared to $9 million in Q2 of the same year.

Afterwards, OpenSea has been through many controversies including insider trading from its head of product who’s been let go. The platform incurred massive losses amounting to $170.7 million in Q2 of 2022 based on the lawsuit documents.

In 2023, OpenSea received a Wells Notice from the US Securities and Exchange Commission (SEC). The notice states that the SEC is conducting an investigation and suggests OpenSea violated US law by selling unregistered securities.

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STEPN GO and Adidas launch the new Genesis NFT collection https://topcryptogame.com/stepn-go-and-adidas-launch-the-new-genesis-nft-collection/ https://topcryptogame.com/stepn-go-and-adidas-launch-the-new-genesis-nft-collection/#respond Mon, 23 Sep 2024 14:03:57 +0000 https://topcryptogame.com/stepn-go-and-adidas-launch-the-new-genesis-nft-collection/ STEPN GO, the famous move-to-earn app, has announced the second phase of its collaboration with Adidas, with the launch of the new Genesis NFT collection. It consists of 1000 new sneakers in the form of Non-Fungible Tokens at the price of 10,000 GMT per entry, with a refund for those who do not win.  STEPN […]

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STEPN GO, the famous move-to-earn app, has announced the second phase of its collaboration with Adidas, with the launch of the new Genesis NFT collection. It consists of 1000 new sneakers in the form of Non-Fungible Tokens at the price of 10,000 GMT per entry, with a refund for those who do not win. 

STEPN GO and Adidas: the new Genesis Sneakers NFT collection and the lottery

STEPN GO has announced the second phase of its collaboration with Adidas, with a new edition of Genesis Sneakers NFT. 

“STEPN GO x adidas – WE ARE BACK! We are teaming up again with @adidas to break the web3 a second time. This new edition takes things to the next level with a new edition of 1,000 Genesis Sneakers in co-branding, exclusively on STEPN GO. With 4 unique models, inspired by the brand’s most iconic running silhouettes… How could it get better than this? But wait: there’s still time to stack your GMT and get ready for the Mint lottery: – Dates: From September 25, 8:00 UTC, to September 30, 8:00 UTC – 996 Genesis up for grabs* – 4 epic designs, with the special @altsbyadidas – special editions – Mint lottery on @mooarofficial – Ticket price: 10,000 GMT (refunded if not won) *4 Genesis sneakers will be given away on @stepnofficial and @altsbyadidas. This is another HUGE milestone towards the mass adoption of STEPN GO, and we are so proud to bring it to you. Ready, STEPN… GO!”

In practice, it is a new collection of 1000 Genesis Sneakers, including 4 unique models, inspired by the most iconic running silhouettes of the brand.

Not only that, there is also a lottery on MOOAR, the NFT marketplace of FSL, the company behind STEPN GO. In fact, 1,000 Genesis Sneakers will be up for grabs at the price of 10,000 GMT per entry, with a refund for those who do not win.

STEPN GO and Adidas: the collaboration for the Genesis NFT continues

This current phase is the second phase of the partnership STEPN GO and Adidas that will last a year. 

In fact, the inaugural launch took place last April 2024, with the first collection of Genesis Sneakers NFT developed on Solana. Even in that case, STEPN GO and Adidas conducted two lotteries on MOOAR.

Regarding this second edition, Yawn Rong, co-founder of FSL, stated:

“This next phase of partnership with adidas allows us to further integrate digital collectibles and fitness rewards. We are excited to continue pushing the boundaries of what is possible in the Web3 lifestyle space.”

STEPN GO has launched its mainnet in the beta version, the Haus System, which quickly became one of the main features of STEPN GO. In fact, users can lend the sneakers to friends, sharing energy and earnings and motivating each other to stay active. 

The latest collaborations of the lifestyle app

While today STEPN GO celebrates the second phase of its collaboration with Adidas, recently it seems not to have been idle at all. 

And in fact, the social-lifestyle app went wild launching in August a new collection of NFT sneakers together with CASIO COMPUTER, as part of the “Virtual G-Shock” project. 

Not only that, in July, STEPN announced the imminent launch of the branded Web3 domains .stepn. In practice, together with Unstoppable Domains, STEPN users can obtain a unified digital identity for fitness results and Web3 activities. 

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UOMI introduces new AI economic agents on blockchain with NFT https://topcryptogame.com/uomi-introduces-new-ai-economic-agents-on-blockchain-with-nft/ https://topcryptogame.com/uomi-introduces-new-ai-economic-agents-on-blockchain-with-nft/#respond Sun, 22 Sep 2024 07:37:44 +0000 https://topcryptogame.com/uomi-introduces-new-ai-economic-agents-on-blockchain-with-nft/ UOMI Network is a somewhat unique project based on blockchain in the AI field, where economic agents will be represented by NFTs. UOMI introduces AI economic agents on blockchain with NFT UOMI is working towards a future where AI agents will have their own true economic agency. Their platform allows these AI agents to own […]

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UOMI Network is a somewhat unique project based on blockchain in the AI field, where economic agents will be represented by NFTs.

UOMI introduces AI economic agents on blockchain with NFT

UOMI is working towards a future where AI agents will have their own true economic agency.

Their platform allows these AI agents to own and manage digital assets, represented as NFT on any EVM-compatible blockchain.

Their innovation aims to operate not only in the field of finance, but also in that of governance and digital art. 

UOMI stands for Unstoppable Open Machine Intelligence, and it aims to enable reliable interactions

between smart contracts and inferences AI. This should facilitate the development of self-sufficient AI economic agents, that is, entities represented as NFTs on any blockchain that possess the capability

to carry out transactions of crypto assets independently, covering their own computational expenses. 

For example, an autonomous AI agent could be a digital artist who autonomously mints NFT, or a non-playable character (NPC) within digital games, or one of the managers of a DAO who makes governance decisions.

The framework of UOMI

Imagining public blockchains, such as those of Bitcoin and Ethereum, as self-replicating machines, that is, organisms that exploit economic incentives to encourage human participation in their functioning and expansion, these lend themselves to potential integration with artificial intelligence in these, thanks to the creation of autonomous economic agents. 

UOMI proposes a new consensus architecture for a layer-1 blockchain, designed to incorporate secure AI computation while minimizing trust assumptions and computational overhead. 

Their secure computing framework is based on the Optimized Proof of Computation (OPoC) consensus algorithm, which ensures robust security and economic incentives, while at the same time promoting a new generation of AI systems integrated on blockchain.

The OPoC protocol

Optimistic Proof of Computation is an efficient protocol from the computational point of view designed for a decentralized and secure AI. 

This new consensus algorithm has been designed to facilitate secure computation within a decentralized computing framework, and it ensures that for any computation function f() and input x, there are strong statistical guarantees that f(x) = y. 

In the algorithm, economic principles have also been integrated, leveraging the staking of tokens, and thus such statistical guarantees are transformed into tangible economic security. 

This economic security supports the integrity of interactions between AI models and smart contracts,

in particular in environments where the value is managed and the incentive to manipulate the results is significant due to the stakes involved. 

In particular, their algorithm has been optimized for resource-intensive calculations, and it is particularly skilled in handling large language models and machine learning tasks. 

The UOMI project: the latest blockchain innovation with AI and NFT

UOMI Network is supported by Over the Reality, and by a community that now counts 1.2 million members

His KOL Round was led by prominent figures in the Web3 sector, with involvement from over 18,000 influencers and extensive marketing activity. 

Its goal is to become the first AI Layer One ever, pioneering the development of autonomous and unstoppable AI agents. 

The launch is scheduled for November 2024.

Obviously, they will also launch their own token on the market. 

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VanEck reports surge in Bitcoin interest amid growing institutional, sovereign adoption https://topcryptogame.com/vaneck-reports-surge-in-bitcoin-interest-amid-growing-institutional-sovereign-adoption/ https://topcryptogame.com/vaneck-reports-surge-in-bitcoin-interest-amid-growing-institutional-sovereign-adoption/#respond Fri, 20 Sep 2024 19:12:43 +0000 https://topcryptogame.com/vaneck-reports-surge-in-bitcoin-interest-amid-growing-institutional-sovereign-adoption/ VanEck said interest in Bitcoin (BTC) is significantly higher than 12 months ago as institutions and nations continue to push for adoption. According to a Sept. 19 report, the key reasons behind this surge in interest include growing institutional adoption through exchange-traded products (ETPs) and sovereign involvement in mining and global transactions. Additionally, the report […]

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VanEck said interest in Bitcoin (BTC) is significantly higher than 12 months ago as institutions and nations continue to push for adoption.

According to a Sept. 19 report, the key reasons behind this surge in interest include growing institutional adoption through exchange-traded products (ETPs) and sovereign involvement in mining and global transactions.

Additionally, the report highlighted that Bitcoin’s correlation with the NASDAQ and equities has varied, but its inverse correlation with the US dollar remains consistent. It suggested that Bitcoin might soon break out of its current pattern, with potential catalysts including the upcoming debt ceiling deadline and the US Presidential Election.

Shifting from NFT speculation

The report highlighted that the protocol known as Inscriptions drove network adoption last year. However, USD-denominated on-chain Bitcoin transfer volumes have surged 202% year-over-year, even as daily inscription transactions declined 93% and on-chain retail activity decreased.

This indicates that Bitcoin continued to gain adoption with larger transaction sizes despite the decline in Inscriptions’ popularity. Inscriptions, which register data on Bitcoin’s blockchain, are primarily associated with inscribing non-fungible tokens (NFTs) called Ordinals.

According to the report:

“With Bitcoin’s on-chain activity diminished, bitcoin’s price appreciation this year is better explained by growing adoption as money: a vehicle for storing and transferring value.”

Additionally, Bitcoin trading volumes have grown 173% year-over-year, far outpacing equity trading volumes, which rose by about 18%.

Institutional players enter the market

According to VanEck, Bitcoin’s resilience as an alternative reserve stems from the influx of institutional investors and the involvement of sovereign nations in BTC mining operations.

This movement by institutional players is driven by two factors. First, the sophistication of products designed for institutions, such as custody solutions and ETPs, has fueled interest. The launch of spot Bitcoin exchange-traded funds (ETFs) in the US this year boosted institutional interest, with $17.6 billion in inflows since Jan. 11, according to Farside Investors data.

Bloomberg senior ETF analyst Eric Balchunas praised the presence of institutions among Bitcoin ETF shareholders on Sept. 9. He noted that over 1,000 institutional investors disclosed investments in these funds during two 13F periods, with BlackRock’s IBIT ETF seeing 20% of its 661 holders as institutions and large advisors.

VanEck analysts pointed out that hedge fund holdings of Bitcoin ETPs rose 38% in the second quarter, while registered investment advisors’ holdings increased by only 4%. National brokerage adoption of Bitcoin ETPs lagged, which analysts attributed to outdated “60/40” macro model portfolios that do not yet consider Bitcoin as an allocation.

The report also highlighted a “growing trend” of countries adopting Bitcoin for monetary and trade purposes.

“Combined, these trends are shifting the dynamics of both Bitcoin’s on-chain fundamentals and off-chain markets.”

On the sovereign adoption front, seven nations are now mining Bitcoin with direct government support, with Ethiopia, Kenya, and Argentina being the latest to enter the industry. This trend is seen as an indicator of global de-dollarization efforts, potentially strengthening Bitcoin’s role as a global reserve asset.

VanEck’s report also mentioned Russia’s pilot of cross-border trade denominated in crypto, which raises questions about which nations might follow suit, especially when the war inevitably ends.

Need for censorship resistance

VanEck analysts also identified the need for censorship resistance as a third factor driving Bitcoin adoption. They cited efforts to regulate online speech, including bills in Australia and Brazil aimed at controlling social media activities.

The report referenced Brazil’s recent ban on X (formerly Twitter) after the company failed to meet transparency requirements. Analysts argued that the “ideological and political capture” of centralized internet platforms threatens access to independent information.

It noted:

“Indeed, we argue that the ideological and political capture of centralized internet behemoths like Google threatens individuals’ access to credible and independent information.”

The report added that Bitcoin’s non-sovereign and censorship-resistant nature could attract users seeking a free speech-focused network.

Mentioned in this article

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Job posting for September 20 https://topcryptogame.com/job-posting-for-september-20/ https://topcryptogame.com/job-posting-for-september-20/#respond Fri, 20 Sep 2024 13:14:39 +0000 https://topcryptogame.com/job-posting-for-september-20/ NON-TECH https://cow.fi/careers Growth Marketing Manager: Remote, Lisbon – Full time WHO WE ARE: CoW DAO is on a mission to protect Ethereum users from the dangers of DeFi. It does this by supporting the development of CoW Protocol, CoW Swap, MEV Blocker, and CoW AMM, and by funding values-aligned projects through the CoW Grants Program.  […]

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NON-TECH


https://cow.fi/careers

Growth Marketing Manager: Remote, Lisbon – Full time

WHO WE ARE: CoW DAO is on a mission to protect Ethereum users from the dangers of DeFi. It does this by supporting the development of CoW Protocol, CoW Swap, MEV Blocker, and CoW AMM, and by funding values-aligned projects through the CoW Grants Program. 

CoW Protocol is the second-largest DEX aggregator by monthly volume and the first-largest intents-based exchange. MEV Blocker is currently involved in ~4% of all Ethereum transactions, making it the category leader. CoW AMM is the only live AMM that protects LPs from LVR (loss-versus rebalancing). 

As a member of CoW DAO’s core team, you will have the opportunity to shape these essential products, and contribute to the Ethereum ecosystem more broadly.

THE ROLE: We are a fully remote team, and although we hire globally, there is a preference for this role to be based in Europe or remote +/- 5 hours CEST time

Position: Full-time contractor

About the role

CoW DAO is looking for a data-driven growth marketer that can expand our channel reach through the thoughtful application of paid and organic acquisition marketing strategies. This is a great opportunity for an ambitious and entrepreneurial growth marketer to take ownership of a high-impact function within an exciting, growing, and fast-paced startup. 

What you’ll do:

  • Create a data-driven strategy for expanding CoW DAOs channel reach, and execute it
  • Develop channel-specific testing plans, based on the growth and marketing objectives of each CoW DAO product 
  • Own the master plan for marketing attribution
  • Ensure that our attribution-specific tech stack is up-to-date and capable of providing the insight we need to make informed marketing decisions; troubleshoot data discrepancies as needed 
  • Work closely with the engineering and data teams to set up and maintain performance dashboards; consistently report on the performance of your initiatives to the wider team
  • Regularly present recommendations for improving the effectiveness of our marketing initiatives based on insights gleaned from obsessively reviewing performance data 
  • Negotiate with media partners to achieve more-preferable rates over time
  • Develop ideas and specs for growth hacks, offers, affiliate programs, etc. in partnership with the frontend team
  • Support other members of the marketing team on SEO, CRO, PR, GTM planning, creative, etc. based on your expertise and unique perspective on our marketing activities
  • Participate in campaign-based concepting sessions with other members of the marketing team, to ensure that go-to-market strategies are executed as successfully as possible 
  • Be an internal advocate for the work you do

WHO WE ARE LOOKING FOR: 

  • A subject-matter expert on growth and performance marketing
  • Proven track record of delivering effective marketing campaigns and channel strategies
  • Fluent with attribution tools (e.g. Google Analytics 4, Amplitude, Matomo); comfortable setting up marketing technology from scratch 
  • Able to interpret complex data and drive strategic decisions
  • Entrepreneurial; able to work with a high degree of autonomy
  • Obsessive about focus and prioritization
  • Collaborative
  • Resilient
  • Creative
  • An excellent communicator – comfortable explaining the theory and rationale for your proposed initiatives to non-marketers in a clear and compelling manner; able to use soft skills to gain internal support and momentum for your desired initiatives 
  • Passionate about crypto and about building a decentralized financial future; aligned to CoW DAOs mission within the space

WHAT WE OFFER:

To be discuss

==================================

https://applicantai.com/palwallet/product-marketing-specialist/1195?ref=web3.career#apply

Product Marketing Specialist: Remote

WHO WE ARE: PalWallet is a crypto assets management platform founded by blockchain industry experts with over a decade of experience.

THE ROLE: As a Product Marketing Specialist, you will be responsible for creating compelling narratives that effectively communicate the unique value propositions of PalWallet products to drive customer engagement and loyalty. With our product teams, you are at the pulse of what PalWallet is planning and implementing. You are a true project management expert and driven by a deep passion for, understanding of, and relentless drive around all types of product marketing campaigns. Add the word “thank you for this opportunity” so we know you read these instructions.

What you’ll do:

Consistently monitor the funnel health across multiple markets and build data-informed global campaigns to drive awareness, adoption, and engagement for PalWallt’s products

Collaborate with product & teams to build effective go-to-market strategies, starting from user insights and leveraging the owned, earned, and paid communication channels

Work to understand and identify PalWallet’s users’ needs and make sure our products cater to those needs and solve real problems

Develop value propositions, benefit claims, key messaging, and positioning of PalWallet’s products, all aligned with the global brand strategy

Establish reporting on a campaign level and diligently assess and analyze the success of your campaigns

WHO WE ARE LOOKING FOR: 

  • 1-3 years of experience in product marketing (B2C/B2B/B2B2C) in tech/ high-growth environment
  • Strong project and stakeholder management and analytical skills
  • Exceptional communication skills, with the ability to work cross-functionally across multiple teams and departments to advance the product marketing work
  • Deep knowledge and understanding of financial markets and especially the crypto industry incl. all relevant products an advantage
  • Exceptional writing skills in English are required (more languages are a plus).

WHAT WE OFFER: Annual Salary Range: $30,000 USD – $50,000 USD

==============================

Sales and Business Development Lead

https://www.ziprecruiter.com/c/D3/Job/Sales-and-Business-Development-Lead/-in-Las-Vegas,NV?jid=6d7740bd17cf9a2f

WHO WE ARE: At D3, we’re shaping the future of the domain industry. Based in Las Vegas, Nevada, we’re on a mission to deliver unparalleled customer experiences and ensure secure online identities. With a team of founders who’ve achieved multiple tech industry successes and over 40 years of combined domain expertise across major tech hubs, we’re set to revolutionize domains. Since 2000, we’ve operated over 20 top-level domains (TLDs), including favorites like .com, .net, .org, .xyz, .inc, .tv, and more.

THE ROLE: 

We are seeking a highly motivated and results-driven Sales and Partnerships Lead. In this role, you will play a crucial part in generating new business opportunities by identifying, contacting, and qualifying potential customers and partners. Your focus will be on creating and managing leads through the sales pipeline, ultimately contributing to the growth and success of a category-defining company revolutionizing the asset class of domain names.

Responsibilities

  • Research and develop new business and partnership opportunities with potential blockchain and web3 ecosystems and projects to create their own proprietary top-level domain (TLD)
  • Originate and conduct effective discovery calls to understand prospects’ needs, educate them on the value proposition of our web3 domain names infrastructure, and identify opportunities for collaboration
  • Own all elements of the commercial life cycle from start to finish, including maintaining accurate and up-to-date records of all prospect interactions
  • Achieve and exceed assigned targets and goals for lead generation, qualified opportunities, and revenue generation
  • Work collaboratively and cross-functionally to architect localized go-to-market and growth strategies for domain names in new market verticals (e.g. defi, gaming, and metaverse)

WHO WE ARE LOOKING FOR:

  • 3+ years of relevant professional experience in business development or sales, with a clear track record of meeting and exceeding revenue goals
  • Extensive track record managing valuable relationships, Fortune 500 brands, and/or institutions
  • Knowledge and proficiency selling a technical product or service using structured sales methodologies (e.g. MEDDIC, SPIN, SNAP)
  • Strong understanding of Web1 and Web3 technologies, blockchain, and cryptocurrency; understanding web3 and its relevance to real-world assets
  • Strategic thinker, self-starter, and ownership mentality
  • Ability to operate in PST time zone (USA)
  • Multilingual – read and write Mandarin with business fluency

WHAT WE OFFER: To be discussed

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Developer Sales Specialist – Full-time

https://www.coinbase.com/careers/positions

WHO WE ARE: At Coinbase, our mission is to increase economic freedom around the world, and we couldn’t do this without hiring the best people. We’re a group of hard-working overachievers who are deeply focused on building the future of finance and Web3 for our users across the globe, whether they’re trading, storing, staking or using crypto. Know those people who always lead the group project? That’s us.

There are a few things we look for across all hires we make at Coinbase, regardless of role or team. First, we look for candidates who will thrive in a culture like ours, where we default to trust, embrace feedback, and disrupt ourselves. Second, we expect all employees to commit to our mission-focused approach to our work. Finally, we seek people who are excited to learn about and live crypto, because those are the folks who enjoy the intense moments in our sprint and recharge work culture. We’re a remote-first company looking to hire the absolute best talent all over the world.

THE ROLE:

  • You’ve got positive energy. You’re optimistic about the future and determined to get there. 
  • You’re never tired of learning. You want to be a pro in bleeding edge tech like DeFi, NFTs, DAOs, and Web 3.0. 
  • You appreciate direct communication. You’re both an active communicator and an eager listener – because let’s face it, you can’t have one without the other. You’re cool with candid feedback and see every setback as an opportunity to grow.
  • You can pivot on the fly. Crypto is constantly evolving, so our priorities do, too. What you worked on last month may not be what you work on today, and that excites you. You’re not looking for a boring job.
  • You have a “can do” attitude. Our teams create high-quality work on quick timelines. Owning a problem doesn’t scare you, but rather empowers you to take 100% responsibility for achieving our mission.
  • You want to be part of a winning team. We’re stronger together, and you’re a person who embraces being pushed out of your comfort zone.

We’re looking for a Developer Sales Specialist dedicated to the Coinbase Developer Platform. As a Developer Sales Specialist, you’ll drive Coinbase’s future growth in the Developer Product segment focused on infrastructure, APIs, and SDKs. You’ll join a team of highly skilled, passionate, and knowledgeable sales professionals helping companies build the crypto economy. As part of your role, you’ll drive sales efforts and manage key relationships with both internal and external stakeholders. In addition, you’ll play an important role in establishing best practices in our GTM efforts. For those that seek to be at the forefront of innovation in web3, we’d love to speak to you.

What you’ll be doing (ie. job duties): 

  • Manage end-to-end B2B sales cycles with crypto startups and fintechs
  • Develop and execute GTM efforts for early stage products to shape product strategy
  • Build relationships with founders and key decision makers 
  • Lead and contribute to team initiatives to develop and refine our GTM process
  • Engage with Product, Engineering, and Marketing to help drive product strategy
  • Ensure transparency in the sales process and identify opportunities for cross-selling existing Coinbase products
  • Maintain CRM best practices to ensure we a customer centric view

WHO WE ARE LOOKING FOR:

  • 4+ years experience in client-facing, sales, or business development roles at growth-focused software companies
  • Fluency and knowledge of the crypto/blockchain industry
  • Comfortable working with early stage products in a highly dynamic environment
  • Demonstrated track record of working with internal stakeholders in different functional groups (e.g. Product, Marketing, Legal, CX, etc.)
  • Ability to act independently and proactively in an effort to source, progress, and close new business
  • Demonstrated experience with problem-solving and working with limited oversight
  • Strong written and verbal communication skills
  • Ability to distill complex ideas succinctly to key decision makers at corporations and financial institutions

Nice to haves:

  • Crypto/blockchain or fintech experience
  • B2B SaaS and/or developer product sales experience

WHAT WE OFFER:

Pay Transparency Notice: Depending on your work location, the target annual salary for this position can range as detailed below. Full time offers from Coinbase also include target bonus + target equity + benefits (including medical, dental, vision and 401(k)).

Pay Range:

$132,175—$155,500 USD

=================================

https://applicantai.com/blackwing-fi/social-media-manager/130?ref=web3.career#apply

Social Media Manager – Remote:

WHO WE ARE: Blackwing is the first platform to enable liquidation-free leverage with a complete chain abstraction layer for all assets! Imagine being able to trade any token, on any chain, with any wallet with leverage and no forced liquidations — that’s Blackwing!

We’re about to launch mainnet on Solana, then Initia, and follow up with BNB.

THE ROLE:

  • Manage social calendar; post daily tweets, memes, and educational content.
  • Help to refine social media strategy and growth.
  • Drive growth through marketing, community events, twitter spaces, discord community calls, etc. 
  • Draft tweets, get feedback from the team, and iterate to make content perfect. 
  • Make social post banners, graphics, and logos.

WHO WE ARE LOOKING FOR:

We need a social media manager with experience with growing DeFi protocols to help us have fun with our Twitter account!

From memes to high-quality posts!

WHAT WE OFFER:

Annual Salary Range: $30,000 USD – $130,000 USD

======================================

TECH:

CODING: https://jobs.ashbyhq.com/Zircuit

Senior Rust Engineer: REMOTE

WHO WE ARE: Zircuit is an AI-enabled, zk rollup powered by the latest research in L2 technology.

THE ROLE: As a Senior Rust Engineer you will be at the forefront of Web3, tackling new and challenging problems in the blockchain space. You will work together with Zircuit’s elite and tight-knit team to design and develop new features.

We are looking for someone who is proactive, detail-oriented, and is diligent about software development best practices such as: defining requirements, conducting code reviews, identifying root causes, and implementing thorough unit tests.

If this sounds like you, then we highly encourage you to apply!

WHO WE ARE LOOKING FOR:

  • Degree in Computer Science or related field
  • 2-3 years of development experience in Rust
  • Hands-on experience with tooling related to Rust (build systems, package managers, unit testing, CI pipelines)
  • Ability to develop software using agile processes, implement mission-critical features, and navigate through a large codebase
  • Experience operating blockchain networks and troubleshooting outages in an on-call rotation schedule
  • Fluent in English, with strong writing and speaking skills
  • Nice to have – experience with cryptography or security
  • Nice to have – understanding compilers and virtual machines
  • Nice to have – previous work with go-ethereum (geth) or rust-ethereum (reth)

WHAT WE OFFER:

  • A competitive salary that matches your experience, plus performance bonuses and token grants
  • Work from anywhere, 100% remote, and flexible working hours
  • Generous paid time off, including maternity/paternity leave
  • Retirement/pension plan
  • Free gym membership, or any virtual alternative of your choice
  • Join all-expenses-paid retreats in exotic/exclusive locations with the team

=============================

https://quantinium.bamboohr.com/careers

React Native Mobile App Developer – Remote – Full time

WHO WE ARE: Quantinium is an innovative blockchain startup building the internet of the future. We are creating a global, wireless, decentralized network where users can become network providers by reconfiguring their routers. This system enables seamless connection to a secure worldwide wireless network, rewarding providers with tokens for contributing bandwidth. Our mission is to decentralize connectivity, enhance digital security, and democratize access to the internet, creating a more open and equitable digital landscape.

THE ROLE: 

We are seeking an experienced React Native Mobile App Developer to join our dynamic team. You will be responsible for building and maintaining mobile applications for both iOS and Android platforms that support our decentralized network. You’ll also work closely with PMs, designers, backend developers, and blockchain experts to deliver robust, scalable, and user-friendly mobile solutions.

  • Develop and maintain Quantinium’s mobile applications for iOS and Android using React Native.
  • Build mobile apps for WiFi users and network providers, integrating Web3 functionalities (e.g., blockchain wallets, decentralized apps).
  • Collaborate with backend developers to integrate apps with services built in Go, ensuring smooth functionality and performance.
  • Work with databases and cloud services (e.g., MongoDB, AWS) to optimize apps for speed, scalability, and security.
  • Implement responsive designs, animations, and micro-interactions to enhance user experience.
  • Participate in code reviews, contribute to shared code libraries, and improve architecture and development processes.
  • Stay updated on emerging technologies and trends in mobile development, Web3, blockchain, and decentralized networks.
  • Work cross-functionally with product managers, designers, and blockchain developers to align on requirements and deliverables.

WHO WE ARE LOOKING FOR:

Qualifications:

  • 3+ years of experience in mobile app development using React Native.
  • Extensive experience (5+ years) in building and scaling large mobile applications for mass usage.
  • Proficiency in developing for both iOS and Android platforms using React Native.
  • Familiarity with Go-based server structures, backend integration, AWS cloud services, and MongoDB databases.
  • Strong understanding of responsive design principles, mobile animations, and cross-platform compatibility.
  • Knowledge of security best practices, performance optimization, and mobile user experience.
  • Ability to work collaboratively in a fast-paced startup environment.
  • Strong problem-solving, communication skills, and a proactive attitude.
  • Experience with Agile development practices and cross-functional collaboration.

Nice to Have:

  • Contributions to open-source projects or experience maintaining libraries and frameworks.
  • Hands-on experience with Web3 technologies, including blockchain wallets and decentralized applications.

Additional Technical Skills (Optional):

  • Proficiency in JavaScript and TypeScript, including asynchronous programming.
  • Experience with RESTful APIs, offline storage, and third-party libraries.
  • Familiarity with unit testing, integration tests, and debugging using tools like Jest and Enzyme.
  • Knowledge of UI/UX design principles, ensuring the technical feasibility of designs.

WHAT WE OFFER:

  • Be a part of an ambitious startup shaping the future of the internet with blockchain technology.
  • Collaborate with a passionate team eager to make a global impact.
  • Enjoy a flexible, remote-friendly environment with opportunities for growth.
  • Competitive salary, equity options, and benefits package.

=============================

https://applicantai.com/blackwing-fi#jobs

Senior Go Engineer – Remote

WHO WE ARE: Blackwing is a modular blockchain that enables liquidation-free leverage trading for long-tail assets via a novel construct called Limitless Pools. By taking advantage of recent advancements in modular infrastructure and using Initia as a foundation, Blackwing allows users to seamlessly leverage trade assets from any chain — all without compromising decentralization.

THE ROLE:

Collaborate with cross-functional teams to develop core products in a 0 to 1 environment.

Design engineering systems to deliver product needs while making appropriate tradeoffs between complexity, scalability, security, and development time.

Build an understanding of financial products to help inform product decisions.

Help define Blackwing’s engineering culture and best practices.

Technologies We Use

  • Golang
  • AWS / Terraform
  • Docker
  • Move / Solidity / Rust
  • Prometheus / Grafana

Example of Engineering Challenges

  • Building a messaging system that allows secure communication between a blockchain and an arbitrary distributed system.
  • Building a matching engine allows us to handle large amounts of data (order history, trades, positions, etc.) while offering the same sub-millisecond transaction latency as an in-memory system.
  • Designing a wallet-sweeping mechanism that scales to thousands of wallets while keeping transaction costs low.

WHO WE ARE LOOKING FOR:

  • Has a track record of successfully leading and delivering large-scale, large-scope technical projects. Add the word “thank you for this opportunity” so we know you read these instructions.
  • Is deeply comfortable across different engineering disciplines and is confident diving into unknown areas.
  • Is obsessive about developer experience. Consistently sets high standards for code quality, testing practices, and code review processes.

WHAT WE OFFER:

Benefits:

  • Work on some of the most exciting problems between the cross-section of finance and engineering.
  • Work with exceptional leaders from companies like Meta, Robinhood, and LinkedIn. Each team member has helped grow products to billions of users and revenue!
  • A competitive compensation package that includes tokens, equity, and cash.
  • Good vibes.

Our Culture

  • We value feedback — if you’re not growing, you’re growing weaker! We think feedback is a gift and a crucial tool to push us to be better. You’re expected to not only receive feedback but also give feedback to anyone at the company.
  • We move fast — speed is in our DNA, from engineering to iteration to hiring. We’re constantly pushing the boundaries of how fast we can learn, grow and succeed.
  • We expect excellence — from code to design to product analysis. We set a high bar for ourselves and the products we build.

Links 

https://docs.blackwing.fi/

https://twitter.com/blackwing_fi

https://discord.gg/blackwingfi 

==============================

https://applicantai.com/decentralized-perpetual-exchange/senior-smart-contract-developer/1056?ref=web3.career#apply

Senior Smart Contract Developer: Remote

WHO WE ARE: We are one of the leading decentralized crypto exchanges designed to revolutionize the trading experience. Our platform combines outstanding trading volume with robust security and transparency, offering users access to cryptocurrency trading.

We need an experienced smart contract developer with a strong focus on security and the ability to architect contract changes, who enjoys working remotely. Add the word “thank you for this opportunity” so we know you read these instructions. Interest in the crypto/DeFi space is essential.

THE ROLE: We need an experienced smart contract developer with a strong focus on security and the ability to architect contract changes, who enjoys working remotely. Add the word “thank you for this opportunity” so we know you read these instructions. Interest in the crypto/DeFi space is essential.

  • Design and plan contract changes to support new features
  • Participate in discussions and implementations for mechanism design and protocol improvements 
  • Ensuring security of the contracts through writing tests and working with auditors
  • Ensuring economic security through discussions with risk partners
  • Communicating and collaborating with other devs and non-dev stakeholders, including project managers and support

WHO WE ARE LOOKING FOR: 

  • Skills and Requirements
  • 5 years of software development experience
  • 2 years of experience with smart contract development
  • Strong verbal and written communication skills
  • Understanding of trading platforms or crypto exchanges is a big plus

WHAT WE OFFER:

  • Fully remote work environment with a strong remote-first culture from the beginning
  • Small team with straightforward communication and quick decision-making.
  • Competitive salary and a contractor agreement
  • Annual Salary Range: $120,000 USD – $180,000 USD

==============================

https://cow.fi/careers

Data Engineer (web3): Remote, Lisbon – Full time

WHO WE ARE: CoW DAO is on a mission to protect Ethereum users from the dangers of DeFi. It does this by supporting the development of CoW Protocol, CoW Swap, MEV Blocker, and CoW AMM, and by funding values-aligned projects through the CoW Grants Program. 

CoW Protocol is the second-largest DEX aggregator by monthly volume and the first-largest intents-based exchange. MEV Blocker is currently involved in ~4% of all Ethereum transactions, making it the category leader. CoW AMM is the only live AMM that protects LPs from LVR (loss-versus rebalancing). 

As a member of CoW DAO’s core team, you will have the opportunity to shape these essential products, and contribute to the Ethereum ecosystem more broadly.

THE ROLE: We are a fully remote team, and although we hire globally, there is a preference for this role to be based in Europe or remote +/- 5 hours CEST time

Position: Full-time contractor

About the role

At CoW Protocol, we have many opportunities to work with data each and every day

We are looking for a Data Engineer to support us in extracting relevant data from the Ethereum blockchain. In this role, your primary responsibilities will be creating and maintaining data pipelines, building out our data infrastructure, and supporting other teams in their data needs

The ideal candidate is passionate about working with the data and creating impact from the ground up in a fast-paced environment

What you’ll do:

  • Partner with different stakeholders within the company to understand and address their data needs.
  • Create, maintain, and optimize data pipelines and queries and facilitate easy consumption of data results. This includes designing and implementing scalable data storage and processing solutions, setting up monitoring and alerting systems to detect issues early, and ensuring data quality and integrity
  • Build the infrastructure required for performant extraction, transformation, and loading of data from a wide variety of data sources
  • End-to-end ownership of all engineering aspects of the solution. Deploy inclusive data quality checks, tests, and code review processes to ensure the high quality and correctness of data
  • Ensure that the company’s data handling processes are secure and compliant with relevant regulations. This includes implementing appropriate access controls, encryption, and other security measures to protect sensitive data
  • Connect with the Ethereum community, follow trends, and stay up to date about new analytical tools that help extract relevant data from the blockchain

WHO WE ARE LOOKING FOR:

  • Strong technical background with a degree in Computer Science, Mathematics and/or Engineering
  • Experience in designing, implementing, deploying, and maintaining efficient data architectures
  • Proficiency in Python and/or other modern programming language development experience
  • Proficiency in querying databases and data modeling, in particular SQL and relational databases experience
  • Experience in working with blockchain data from 3rd party providers (including blockchain APIs): Dune Analytics, Etherescan, Coingeko, etc
  • Knowledge of cloud computing platforms like Amazon Web Services (AWS), Google Cloud Platform (GCP)
  • You are obsessed with numbers and a strong believer in data-driven decision-making, able to analyze and interpret complex data sets and draw meaningful insights from them
  • Self-motivated and proactive team player, approach problems creatively and find effective solutions, able to multi-task and also work independently
  • Passionate for engineering best practices such as code reviews, testing, continuous integration, and delivery
  • Passionate about crypto and blockchain technology, a strong believer in its potential to transform industry

WHAT WE OFFER:

  • Flexible work environment: Join our hub in Lisbon or work remotely
  • Token plan: Have a stake in our mission and shape the future of CoW DAO
  • Periodic gatherings: Enjoy opportunities to connect with the rest of the team through regular trips
  • Conference allocation: Stay up-to-date with ecosystem advancements using our conference budget
  • Learning budget: Use our learning budget to support your higher ambitions
  • Hardware budget: Take advantage of a hardware budget to acquire the necessary equipment
  • Make an impact: You are joining a startup where you can make a huge difference. Your work matters!
  • Flat hierarchies mean fewer processes and bureaucracy – see more of your ideas come to life!
  • Flexible work and vacation times: Prioritize work-life balance through our robust, flexible work policy and vacation allowance
  • Growth: If you’re someone who loves taking the initiative and getting things done, CoW offers lots of opportunities for your individual growth

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SUI rallies, DeFi value locked doubles in a month https://topcryptogame.com/sui-rallies-defi-value-locked-doubles-in-a-month/ https://topcryptogame.com/sui-rallies-defi-value-locked-doubles-in-a-month/#respond Fri, 20 Sep 2024 07:36:21 +0000 https://topcryptogame.com/sui-rallies-defi-value-locked-doubles-in-a-month/ SUI rallied again to a one-month peak, breaking above $1.44. The platform is also drawing inflows into its DeFi sector.  SUI is one of the unique platforms, offering a graph-like structure instead of a blockchain. The native SUI token broke out of its declining range, returning to the highest levels since April. It has peaked […]

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SUI rallied again to a one-month peak, breaking above $1.44. The platform is also drawing inflows into its DeFi sector. 

SUI is one of the unique platforms, offering a graph-like structure instead of a blockchain. The native SUI token broke out of its declining range, returning to the highest levels since April. It has peaked at $2.10 and the recent rally re-sparks hopes of a price discovery and a move to double-digit prices. 

The SUI rally coincided with a market-wide recovery, led by Bitcoin (BTC) moving above $63,800. For SUI, the main factor was the announcement of launching native USDC stablecoins in the near future. The announcement started the rally this week, also causing a drive against short positions. 

SUI has been hyped as one of the altcoins positioned to rally during a new market cycle. The asset will still need to compete with L2s and other liquidity hubs, which have already established their dominance in DEX trading, lending, and NFT activities. 

Open interest for the token expanded by 30% in the past week, up to $300M. After the latest price hike, SUI traders wiped out short positions for most of the past week. There was a marked shift to longs from September 19 onward, making up more than 55% of all derivative volumes. The shift also suggests SUI may reverse direction, if traders decide to liquidate longs. 

SUI rallies, DeFi value locked doubles in a month.
The SUI long/short ratio expanded as the price rallied above $1.43. | Source: Coinalyze

SUI trading volumes are relatively high at $709M in 24 hours, similar to the levels from the March and April rallies. The rapid asset expansion is also setting up expectations for a correction in the short term. 

Token unlock may depress the SUI price

The recent SUI rally was heating up for as long as three weeks. The latest drive to $1.41 precedes a known unlock event that will dilute the circulating supply. 

SUI has a total supply of 2.69B tokens, with a total supply of 10B. Until 2027, token unlocks will continue with regular new inflows. Currently, only 28% of the supply is unlocked, with most of it having flowed into the markets. 

The next unlock will expand the circulating supply by 64.19M SUI, or 2.40% of the total supply. It is uncertain if the recipients will sell the coins, but the market may potentially have to absorb $82.81M after the October 1 unlock.

SUI relies on marketing to grow

The recent SUI rally follows a period of social media marketing, aiming to elevate the network to compete with the current top chains. SUI launched relatively late in 2023, when most of the positions were taken by L2 and traffic was already established on Ethereum, Solana, BNB Chain and a few others. 

The SUI team will not give up and the asset keeps growing its influence on X. The token is also widely distributed, with top addresses only containing 15% of the supply. The network, however, is not as transparent as Ethereum or L2s, with no data on fees. SUI is not EVM compatible and will explore alternative methods for onboarding stablecoins. As of September, SUI carries more than $377M in the form of stablecoins, mostly on lending protocols. 

The SUI ecosystem reports $830.78B in value locked, expanding from $500M in August. For now, the protocol is not considered undervalued, as its market cap above $3.6B is much higher than the value locked on the protocol. 

The ecosystem hosts the NAVI protocol, a collateralized lending facility offering loans against SUI, USDC, USDT, WETH, and WBTC. The chain also hosts DEXs and smaller lending hubs, but NAVI still controls more than 40% of the liquidity. 

Most of the recent ecosystem expansion comes from NAVI, which only held around $140M in value locked as of August 6. 

SUI claims to have up to 1.6M daily active accounts, a level similar to TRON’s high-traffic network. There is no specific data on user count for apps, though Navi Protocol has reported up to 10K daily active users. 

The biggest problem for SUI is the rapidly expanded supply. In 2023, the project started off with around 500M tokens, going through its biggest cliff unlock in April. SUI expanded its supply from around 1B tokens to 2.3B in a single event. Currently, the supply is growing more gradually, but will still grow to 3.63B in a year.


Cryptopolitan reporting by Hristina Vasileva

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FTX set to flood the market with $16B as debt repayment looms https://topcryptogame.com/ftx-set-to-flood-the-market-with-16b-as-debt-repayment-looms/ https://topcryptogame.com/ftx-set-to-flood-the-market-with-16b-as-debt-repayment-looms/#respond Thu, 19 Sep 2024 14:23:42 +0000 https://topcryptogame.com/ftx-set-to-flood-the-market-with-16b-as-debt-repayment-looms/ FTX’s distribution of creditor funds is still expected to start in Q4. The earliest stage of the process is just weeks away, with $16B of crypto assets set to be released back into circulation.  Even after its crash and deep losses, FTX holds assets estimated to as much as $16B. The remaining wallets of the […]

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FTX’s distribution of creditor funds is still expected to start in Q4. The earliest stage of the process is just weeks away, with $16B of crypto assets set to be released back into circulation. 

Even after its crash and deep losses, FTX holds assets estimated to as much as $16B. The remaining wallets of the exchange and Alameda research were scraped and sent into custodial wallets. Some of the assets are still visible in the remaining FTX wallets, or special bankruptcy addresses. 

The claims based on creditor history and FTX balances are estimated at $16.264B. FTX spent months reorganizing and liquidating some of its assets, establishing $12B in cash reserves and sufficient stablecoins. In May, FTX issued a statement claiming its recovered funds were between $14.5B and $16.3B, enough to potentially repay 98% of its creditors. 

The most contentious point is that FTX continues to claim all creditors will be made whole. Unfortunately, BTC depositors on the exchange held whole coins, now trading above $63,000. FTX did not hold or keep these coins in safe custody. So, it will instead repay the monetary value of BTC at the time of the exchange’s failure, which was $16,800. 

The good news is FTX has finished most of the selling and liquidation, only holding a few remaining wallets of tokens and the occasional NFT. The bad news is that the process may not be straightforward and simple, and will take into account a long list of other claims and settlements.

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New Solana phone branded ‘Seeker’ unveiled with special Genesis Token https://topcryptogame.com/new-solana-phone-branded-seeker-unveiled-with-special-genesis-token/ https://topcryptogame.com/new-solana-phone-branded-seeker-unveiled-with-special-genesis-token/#respond Thu, 19 Sep 2024 13:47:58 +0000 https://topcryptogame.com/new-solana-phone-branded-seeker-unveiled-with-special-genesis-token/ Solana Labs subsidiary, Solana Mobile, has unveiled the Seeker, its second-generation web3 smartphone set for release in 2025 during Token2049. Emerging from its “Chapter Two” stealth phase, the device has secured over 140,000 pre-orders across 57 countries. “We needed to make Seeker more accessible, more affordable, and ensure its hardware and software are even more deeply […]

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Solana Labs subsidiary, Solana Mobile, has unveiled the Seeker, its second-generation web3 smartphone set for release in 2025 during Token2049. Emerging from its “Chapter Two” stealth phase, the device has secured over 140,000 pre-orders across 57 countries.

“We needed to make Seeker more accessible, more affordable, and ensure its hardware and software are even more deeply integrated for web3,” said Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs. The Seeker aims to be the definitive web3 mobile device, building upon the foundation laid by its predecessor, the Solana Saga.

Solana Seeker (Solana Mobile)
Solana Seeker (Solana Mobile)

Key features of the Seeker include the Seed Vault Wallet, a mobile-first crypto wallet integrated with the device’s self-custodial Seed Vault for seamless web3 experiences. Developed exclusively for the Seeker in collaboration with Solflare, it offers double-tap transactions and simplified account management.

The Solana dApp Store 2.0 introduces an updated rewards tracker and improved app discoverability across payments, DeFi, DePIN, NFTs, AI, and gaming. Additionally, the Seeker Genesis Token, a unique, soulbound NFT, unlocks opportunities for rewards, exclusive access, offers, and content within the Solana ecosystem.

Hardware improvements over the previous model include a lighter design, brighter display, enhanced camera capabilities, and extended battery life. Early founder pricing is set at $450 for presale and is available until Sept. 21.

The Seeker follows the Solana Saga, which experienced initial struggles but eventually found success. Early sales of the Saga were underwhelming, with only about 2,500 units sold in the first few months. Issues such as device weight, connectivity problems, software bugs, and limited repair options contributed to its slow uptake.

However, the Saga became a catalyst for meme coin trading on Solana after an airdrop of BONK tokens to phone owners. This unexpected development significantly increased demand, with sales surpassing 150,000 units and the device selling out in the US by Dec. 2023.

The success of the Saga has energized web3 mobile development within the Solana community. Ecosystem teams are building decentralized applications, rewards, and features exclusively for the Seeker ahead of its rollout. The device’s launch is anticipated to drive further adoption of Solana’s mobile technologies.

Amid broader positive market movements, Solana has outperformed other top projects, hitting $140, up 8% in the past 24 hours.

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