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What’s Next for Ethereum NFT Game ‘Parallel’ and Solana's ‘Colony’ After $35 Million Raise

Parallel Studios just revealed a $35 million raise after launching the card battler in open beta. Here's how it will use the funding.

Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, announced late Wednesday that it has raised $35 million in fresh funding from a bevy of major firms around the crypto world and numerous well-known angel investors.

The fundraise comes just weeks after Parallel opened up to the public in a free-to-play beta. A studio representative said that Parallel Studios aims to “start onboarding a ton more users” by expanding its recent Parallel Ambassadors program and working more with influencers broadly, as well as through paid advertising in various markets worldwide.

#gamefi #EthereumNFT #nft #GamingGambit

What Else Is Happening in NFTs?

- Ethereum led NFT trading volume with $11.45 million in volume on the day ; Bitcoin was next with $10.25 million (-10%) and then Solana with $7.5 million (+3%)

- ETH NFT leaders were red yesterday; Pudgy -1.78% to 12.90 ETH and BAYC -3.75% to 12.75 , and Azuki -6.5% to 4.91 ETH. 

- Runestone led trading of Bitcoin Ordinals, tallying 23.93 BTC in secondary volume. The floor held steady around 0.038 BTC. 

- Mad Lads were the top mover on Solana, but down 6.5%  to 139 SOL. 

- KILLABEARS announced staking of its KILLACUBS will begin on Solana on Friday. 

- NBA Top Shot is immortalizing recent a dunk of the year candidate from Anthony Edwards as an expert challenge reward. 

- RTFKT is postponing the incubation start for its Animus Eggs. 

AnimeCoin Announces AnimeChain in Partnership with Azuki, Arbitrum

AnimeCoin announced AnimeChain, a new ecosystem for anime built with Arbitrum and Azuki, aiming to enhance fan engagement and creator empowerment.

The Deets

- Ecosystem Vision: Empower anime creators and fans by moving the global anime network onchain.

- Collaboration Strength: Built in partnership with Arbitrum for low-cost, high-speed blockchain infrastructure and Azuki as the premier launch partner.

- Industry Impact: Aiming to transform fan engagement and offer shared ecosystem benefits.

- Launch Anticipation: Details on the launch and additional partnerships to be revealed soon.

The Bulk

Anime has become a global phenomenon, touching every corner of pop culture and showing no signs of slowing down. With a projected market value of $60 billion by 2030, the demand for anime content and merchandise is trending in the right direction and that's lead AnimeCoin to the introduction of AnimeChain. 

Developed in collaboration with Arbitrum and Azuki, AnimeChain represents a bold step towards creating a decentralized ecosystem for anime. Arbitrum's involvement cements a foundation built on speed and efficiency, leveraging its Layer 2 technology to ensure that AnimeChain operates with appropriate speed and low-costs. 

Azuki's will fill as the inaugural launch partner. As the premier anime NFT collection, Azuki's commitment to AnimeChain underscores the project's committment to its IP and roots.

By bringing anime productions, games, and physical products onto the blockchain, Azuki might be creating the precdent for how top-tier anime IPs can thrive in a decentralized environment.

#arbitrum #anime #layer-3 #layer-2

Analysts at asset management company JPMorgan have published a new report on the future of Bitcoin prices. Here are the details.

JPMorgan has issued a warning that Bitcoin (BTC) could face further declines. This warning comes after a recent correction.

In a note published today, a team of analysts led by Nikolaos Panigirtzoglou noted that Bitcoin remains in “overbought territory.”

According to the report, this conclusion is based on two key metrics: JPMorgan’s futures position proxies and the difference in Bitcoin futures prices compared to spot prices. Both indicators show that Bitcoin is still overbought.

The market is optimistic that Bitcoin price will increase by the end of this year. This optimism is driven by expectations that demand will continue through spot ETFs, in addition to a decrease in Bitcoin supply following the halving.

“In fact, as we get closer to the halving, it is likely that profit-taking will continue, especially given that positions still look overbought regardless,” the analysts said. correction last week”.

Last week, JPMorgan analysts predicted that Bitcoin price would drop to around $42,000 after the halving event.

This may decrease in 1-2 weeks.

And then big projects like zksync will airdrop, new memes will bring the market back up.

# How big is the potential of the ETHfi project in terms of staking?

49th project on Binance Launchpool – ether.fi (ETHFI). Built as a decentralized, non-custodial delegated staking protocol, ETHFI trading will begin on Binance starting March 18, 2024, at 12:00 (UTC).

For example:

- ETH holders want to earn more profits, they will bring ETH into liquid staking protocols to earn more profits (eg: Lido, Rocket, Yearn,...) => after staking in the above protocols, they will receive About LST token + interest: (LST token is like a debt paper representing the ETH I have staked into the protocol)

- Liquid restaking was born so that users can bring debt papers (LST tokens) into the Liquid restaking protocol and receive an additional debt paper called (LRT) + interest.

The initial LST amount you bring into the Liquid restaking protocol will be brought to the Restaking (EigenLayer) staking protocols for profit.

- LRTs received from Liquid staking protocols can participate in: Defi, provide liquidity, mortgage, borrow ETH and continue the loop as above. (APY will probably be quite high)

Detailed information about ETHFI on Launchpool:
- Token name: ether.fi (ETHFI)
- Total token supply: 1,000,000,000 ETHFI
- Launchpool token reward: 20,000,000 ETHFI (2% of total maximum token supply)
- Initial circulating supply: 115,200,000 ETHFI (11.52% of total maximum token supply)
- Smart contract details: Ethereum
- Staking terms: Compulsory completion of KYC process
- Hourly Hard Cap per user:
16,666.66 ETHFI in BNB pool
4,166.66 ETHFI in FDUSD pool

Supported pools:
➡️Stake BNB: Reward is 16,000,000 ETHFI (80%)
➡️ Stake FDUSD: Reward is 4,000,000 ETHFI (20%)

#eth #Restaking #Layer2

Startups in the crypto market broke down a lot this year.

Only projects with good cash reserves still have hope, the remaining projects that are yawning should be completely forgotten. 🤣

Instead of just focusing on price, you should pick up more knowledge at this stage

Step 1: go to Discord channels & sites like Cointelegrahp (...)

B2: Participating in experiencing projects will help people better understand what the projects are doing 🫡

GameFi có khả năng trở lại:
1. DeFi wave 1 -> 2018
2. DeFi wave 2 -> 2021
3. GameFi wave 1 -> 2021
4. GameFi wave 2 -> 2024 (?)

Illuvium is an AAA game with the most beautiful graphics in the crypto market and is well received in Asia, and may have a version in 2023.

Web3 Gaming is a category that receives a lot of attention in 2022, currently projects are being developed to launch in 2023 when the market has a good color.

For GameFi, Illuvium is a AAA game with extremely beautiful and sophisticated graphics.

Founder Kieran Warwick is looking to bring better quality to players through recent beta versions.

Axie Infinity is still the GameFi project with the most interest from users to date.

Next are Illuvium and The Sandbox.

DEFI on the Binance Chain system is starting to rebuild, new popular models are attracting TVL more clearly than the old model.