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Roblox Adds XRP as a Payment Option The popular online game platform with a user base of over 200 million monthly active users has now embraced XRP as a payment method through the in-game payments startup Xsolla. Roblox is accessible on various platforms, including Windows, macOS, Android, iOS, Xbox One, and PlayStation 4. It boasts a daily active user count of 65.5 million, with nearly 44% of users aged under 13. Notably, in the first quarter of 2023 alone, Roblox users spent nearly $773 million on in-game purchases.
Long
by DEXWireNews
1
AXS | Gaming Crypto Play | Good EntryWhat Is Axie Infinity (AXS)? Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. To learn more about this project, check out our deep dive of Axie Infinity. Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique. Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace. The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
Long
by DivergenceSeeker
What 5 Day Chart is This? One of a Kind! Best in Cryptotake a look and see if you can.... look thru all of your saved Crypto or NASDAQ, SPY, DOW....charts on your TradingView Panel and try and find a better 5 Day Chart Nothing has higher highs and higher lows like this Chart during these financial bearish times Should have hit the Ascending Triangle target of the 55 EMA, but world financials and USA Fed cut it short, but still holding support ULTRA Gaming Sector Going Places! Long Term Crazy, but Research it don't believe me Believe the Community and Support they are Not Selling
by Chefrusty
ALICE trend lines potential to reach $5#ALICE/USDT $ALICE broke out from descending trend line and long-term descending trend line. 🐮 in short-term it will going up to touch ascending trend line. break out from ascending channel will increase price toward resistance zone between $3.5 and $3.8 and in long-term potential to reach resistance zone around $5. 🐻 rejection from upper line of channel can drop price to descending broken line as a pullback. but break down from descending trend line will drop price to touch lower line of ascending channel.
Long
by parissap
20
$FEAR on Kucoin looks to Break out of Adam & Eve pattern??Closely monitoring this adam eve pattern with one of my favorite coins on kucoin. Its a horror gaming metaverse play that already has an establish fan base for their games. Keeping a close eye on it as it looks to break out of Adam Eve pattern at the same time it aims to break out of SToch Rsi and normal RSI levels . A healthy or flat bitcoin can give this coin the momentum it needs to break out. With a circulating supply of 6 million the breakout could be violent. #ThisNotFA
Long
by bnworjih
2
Non-Fungible Token (NFT)Hi traders – I hope you all are doing well despite bear 🐻 It’s been a while since my last post but as NFT topic is largely uncovered in TradingView I thought that I will put something together. I have been learning about this area in past months and here are my findings. I divided my writing into three chapters: 1) Research 2) Gaming and NFTs 3) CryptoWalkers This way it’s more structured and easier to read. 1. Research For last 6 months I have been researching NFT space and some of my conclusions are following: NFTs can have basically unlimited use cases from music to land ownership NFTs are here to stay and will become an asset class with very high market capitalization Many well-known companies have shown their interest for NFTs Can expect a lot of innovation in this sector There are opportunities for investors/traders Coinbase CEO Brian Armstrong said to Bloomberg: „The market for non-fungible tokens could rival or even be larger than the company’s cryptocurrency business.“ (10.11.2021) I don’t know if that’s the case but there are definitely big potential in NFTs. According to CoinMarketCap, total Crypto market capitalization is $1.27 Trillion and NFTs total market capitalization is $11,4 Billion (30.05.2022). This makes NFT market capitalization 0.9% of total Crypto industry. These numbers show that we are still very early. During my research I have: Deep dived into discord servers (every NFT project has their own server). I have been active there – asking questions and made suggestions. Fun thing about that is you generally don’t know if you are speaking with 15 year old youngster or 60 year old elder. Minted NFTs Bought and sold NFTs on secondary markets Invested into failed projects To me investing into NFT projects is very similar to investing into startups – you invest mainly into founders & team. Idea is also important – as well ability to make changes when something is not working. Also keep in mind that many startups fail, I guess that this number will be even higher in NFTs. Before bear market there was extreme hype around NFT sector and you could basically draw a cow in Microsoft paint and sell it for 3 ETH if you were a good marketer. This is not the case anymore. Currently sometimes even good projects are struggling to sell out. Generally I believe that bear market is good for the NFT ecosystem. It will clear up some air and weak projects will fail. As famous investor Warren Buffett said: „Only when the tide goes out do you find out who’s been swimming naked.“ Strong projects will make it because they keep building and this gives better foundation to new market cycle. This will also educate investors because at some point when investor had a whitelist spot for minting event, it meant basically guaranteed profit. Markets can’t run like this forever. I mean you can still make money trading NFTs but it’s much harder with these market conditions and more work needs to be done. Here is little overview about different NFT categories (although sometimes it is difficult to classify them): For example sometimes NFT belongs into multiple categories, like PFP (Profile Picture) project with P2E (Play-to-Earn) mechanics. I believe in time these categories will be more precise as whole NFT market evolves. One of the most interesting area is blockchain gaming. This topic is nicely explained in Gemini's article and I copied it here (full link below). 2. Gaming and NFTs While the global gaming industry continues to grow across all markets, it remains structured in a way that primarily benefits game developers and perpetuates a one-directional flow of value where players spend money to unlock access to in-game assets and gameplay configurations. In contrast, blockchain-built games and decentralized applications (dApps) enable players to capture the utility and value of in-game purchases and asset acquisitions more effectively. Blockchain technology in gaming is driven by non-fungible tokens (NFTs), digital assets that represent in-game content. These tokens are unique, rare, and indivisible, while the blockchain networks that underpin NFTs facilitate player ownership, provable scarcity, interoperability, and immutability. Together, these advantages have the potential to drive mainstream adoption and a far more equitable value model. Although the adoption of NFTs in the gaming world comes with benefits, it also presents significant obstacles to overcome. Most notably, NFTs need to be made more appealing and intuitive to mainstream consumers who might not be technically oriented. And because NFTs possess intrinsic value, there's a risk that some will be used predominantly as speculative assets. This potentiality could motivate players to purchase in-game assets with the hope of selling them for future profit instead of using the assets within the gaming ecosystem as intended. Despite these challenges, the potential for profit within the gaming industry will motivate more non-blockchain-focused brands to experiment with NFTs, likely by forming partnerships with third-party blockchain projects that have the technical expertise needed to bring their vision to life. Simultaneously, the broader success of gaming dApps will likely play a role in further catalyzing NFT infrastructure improvements and drive the development of innovative solutions that unlock mainstream adoption. Read full article here: www.gemini.com 3. CryptoWalkers Cryptowalkers is unique collection of fully rigged 3D walking characters aimed to live in the Metaverse. All characters come with full bodies (and custom 3D backgrounds) to be used by it’s owners in various Metaverse environments. One of the main goals of this project is to develop P2E shooter game and it should be launching at February 2023 (dates can change, especially in Crypto but this is rough estimate). Development is well underway and team has released some video clips from the game - this is one of the most advanced blockchain based P2E game I have seen so far. I think that NFTs, P2E and Metaverse will become big things in Crypto. Despite being still early there are signs that this one will become one of the top players in the near future. I have been part of their community since their minting event (December 2021) and feel very bullish on this project. I'm mostly impressed how professionally this one is managed. Capable team is key to success and here we have one of those teams. They started with zero (0!) marketing budget but this little thing did not disturbed them. They managed to build a strong community within short time-frame. When team is able to do things with limited resources then you could imagine what will start to happen when there is some money backing their vision. In February Outlier Ventures joined as an investor and strategic partner. After that there are basically no closed doors for them. As I mentioned before, it is wise to invest into strong teams. This is especially true in bear market. Secondly, I believe that these CryptoWalkers have some X-factor that I can't describe. It's the same factor that separates great songs from good ones. To be honest, when I first saw them then they seemed little weird to me 😀 Now I really like those Walkers... X-factor is working. Here is chart of CryptoWalkers price movement (nftgo.io) Current floor price is 0.18 ETH. Highest floor price was 0.5 ETH (02.02.2022). Current entry is more than 50% below that. Due to market conditions there is possibility to enter cheaply. I think that this could be very good holding if trader wants some exposure in NFT sector. CryptoWalkers website is: cryptowalkers.io As always, DYOR! Thank you and have a nice day. Cheers.
Editors' picks
Education
by Laurentsius
46
Revomon - VR & Mobile Next Generation Monster catch MetaverseRevomon is probably one of the first promising, partly centralized partly decentralized games, based on both VR and mobile, which allows users to tame monsters and evolve them and fight other players. The game is still mostly in its early stages, however, despite being an alpha access, the game is already playable on virtualreality and mobile with various futures, such as converting collected monsters into NFTs and burning them for rewards, a clan system, a ingame marketplace, and the possibility to fight both, NPCs and other players, future planes, as well as refactoring the clan system, include an open world (with NFT lands), quests, other achievements, new revomon (= revolution monsters) and more marvelous game content will be worked on in the coming months, coupled with more ways to give users the opportunity to earn something on the side while they play.... (play2earn features) The chart currently looks kinda boring, like most crypto projects it got and still get hit hard by high emission and btc overall drop, altough the team is well funded for next 1 1/2 years and have wide options to collect more funds to keep this promising project alive. I expect to see a market recovery until end of year, with Revomon being a full game, the best candidate to grow with the market again and getting the reputation and awareness its deserves. Buying small batches, via DCA, could lead to a good exposure long term with an acceptable Risk / Reward ratio. The token is oversold in various timeframes, but holding timely better than other metaverse games. This is not a recommendation to buy or sell Revomon tokens. Do always your own research and never invest more than you can afford to lose
RLong
by Lobotto