Coinbase Stock Plummets as Cryptocurrencies Drop

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December 30, 2021

nft-bitcoin-crypto — amhnasim (CC0), Pixabay

When the Ethereum Name Service (ENS) launched the $ENS airdrop sometime in early November, members of the NFT community went nuts. In only 30 days, the airdrop was predominantly viewed as an ideal model, especially when offering rewards to users.

In this case, .eth domain holders received the reward, which amounted to 100M $ENS tokens.

OpenSea Users Were Rewarded

It appears that the ENS modeling is also acclimated around NFTs. It began about a week ago with project OpenDAO’s token airdrop called $SOS. This project isn’t affiliated or connected with OpenSea in any way, but it gave rewards to about 250,000 OpenSea users.

The rewards took the form of an $SOS token airdrop, and the basis for the amount was how much the user spent on the NFT marketplace. Due to the unexpected Christmas surprise, the $SOS token quickly grew more than 1000% in value, ultimately moving the market cap a little over $250 million.

As more and more people took notice of the token, various crypto exchanges like BKEX and LBank began listing $SOS on their platform. The market cap and the token price have since mellowed down.

blur, chart, computer — Pexels (CC0), Pixabay

However, some NFT community members voiced out there concerns and skepticism regarding the token code during the early hours of the airdrop event. They asked questions such as “was it safe to claim?” and “could it somehow compromise their safety, security, or funds?”

Some users mentioned that the $SOS tokenomics only distributes 50% of the token’s overall allocation to the user base. Many were concerned that the project might be vulnerable to a rugpull in the future.

Dune Analytics says that about 52% of the $SOS holdings are stored in the DAO treasury and staking incentives. Despite all the chaos and confusion, and although the future of OpenDAO remains to be seen, it seems another similar project called GasDAO is following in its footsteps.

Is There a Hidden Agenda to All This Airdropping?

For the past few days, GasDAO held its $GAS airdrop. This time, the reward was sent to Ethereum users who qualified for specific criteria. However, it seems that GasDAO doesn’t have that much gas in the tank as OpenDAO.

Similarly, users who received the reward also had their concerns. However, their concerns didn’t focus much on the contract code itself but rather on the project’s token distribution. According to GasDAO’s tokenomics, 15% to 25% are allocated to core team members. Compared to $SOS, $GAS hasn’t had a considerable rise and fall in value.

2/ An outsized benefit goes to the project creators, for little to no effort. GasDao (sorry, picking on y'all for this example) development started 15 hours ago. Very little (if any) of the code is unique, meaning that it may have taken as little as an hour or two to create. pic.twitter.com/OdoBlRy9ct

— quit (@0xQuit) December 29, 2021

4/ Why does this matter if the tokens are free? Well, the more activity there is, the more uninformed users will see this as safe to purchase. Inevitably, when no product is released and no value is driven to the token, the value will evaporate.

— quit (@0xQuit) December 29, 2021

So, what’s the overall purpose here? Are these projects leading up to something? Only time can answer these questions, especially since both OpenDAO and GasDAO don’t have a clear and established roadmap just yet.

Nevertheless, one thing’s for sure. These recent ENS airdrops successfully engaged users.

BetaMars Project to Release 250 Co-brand Ticket NFTs With Youbi Capital Logo

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December 30, 2021

nicolas-lobos-nr_txtuytak-unsplash — Photo by Nicolas Lobos on Unsplash

According to official sources, the BetaMars project raised $2.5 million from Youbi Capital as an initial investment. Both parties have agreed to cooperate for the further construction of BetaMars. According to the Youbi Capital director, the future of the internet is the metaverse.

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BetaMars’ founding team also said that the project is, in essence, different from other ongoing projects within the metaverse. The project’s design showcases “obscure human nature and vivid story scenes in reality,” ultimately providing a unique and immersive experience to each player exploring the world.

The team reveals that they plan on developing a “highly free and open metaverse world” sometime in the future, and they believe that their creation will be a leader within the industry.

Youbi Capital

Youbi Capital invests in innovative world-class solutions to create integrative and sustainable Web 3.0 infrastructure products. The company has invested in over 100 blockchain projects since 2017, supporting Algorand, Polkadot, PlatOn, Flow, Avalanche, etc., in their early stages.

pexels-rodnae-productions-8370752 — Photo by RODNAE Productions from Pexels

BetaMars

BetaMars is a metaverse project focusing on building a “future homeland of human beings.” It’s a project comprised of innovative ideas, creativity, and imagination. In the heart of “human nature,” the team working on the BetaMars project developed several game mechanics to try and entice players worldwide into creating a dreamland within the BetaMars world.

Players must develop strategies for betting and winning rewards, not to mention establishing the world’s rules and regulations. For every extra investment of $10,000 for the BetaMars project, a co-brand NFT ticket with the logo of the investor’s company will be issued as expected. The amount will eventually be returned to their community.

Because of this, BetaMars plans on releasing 250 co-brand ticket NFTs with the Youbi Capital logo on them as soon as the current financing round is over.

Ticket Numbers

That said, we have here 20 co-branded ticket NFT numbers for you. Go ahead and enter any of the numbers below to get one. Note that you can only use the numbers once.

S1DRLVUA7796	5R6BKD42UI6L	6RJK80RGOYEB
TRKIPB1OL464	GPCNADPLUKNW	XXHVPYN92KM2
LZ3XLIAZ737T	S53GU3E37KQV	PQUD36UGBIEI
8D8UB0LR96OF	5RWXPFPTC7Y6	WIDC0VXRL1XM
WM3LO78Q5OK5	R28KLNWOLOL7	1YXFKTE3CXJC
BNYRKWEQV43D	TKTQAZZZNU8S	65CDUEL0X4YT
OJ9B2LEDWIWL	W4QWSALG2MYJ	9JRRRQ0YTFG2
QY37QU9QZIL2	0PCRH7AO7Z20	LTA9OH4JX7MH
UWH3MZKWZX52	AXFC1RS1CJ9L	V94V969II9D4
HOWDN7SF9VDE	GRZRUQ5Y2EKC	MLGRLLBR86HB
LPA39XM16P82	KNS9LJ9LA3X5	3RYKKQ25D443
90JGRPUKHJUJ	3VI1P3RS8VY7	TCIBZMW70OQ6
EPHD0QGDRBQ6	R7D123C2M7A3	TMTAFOIJJDK5

Ferrari to Launch Its Own NFT Collection

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December 30, 2021

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2021 has undoubtedly been a big year for non-fungible tokens (NFTs), as they quickly gained traction shortly after their introduction to the public. This industry has seen incredible growth and adoption since its launch, not to mention how it has turned into a multi-million dollar industry.

Due to its massive success, companies, celebrities, musicians, and more have decided to join in on the fun to try and earn a considerable amount of money. One of those companies that jumped in on the wagon is none other than Ferrari.

Ferrari Is Venturing Into the World of NFTs

According to a report by Reuters, Ferrari sealed a deal with Swiss technology firm Velas Network. Velas Network will develop various digital content for the luxury automotive maker for the duration of their contract. On the official Ferrari website, an announcement states that the two companies will work side by side to release “exclusive digital content” related to Ferrari cars.

marvin-kuhn-0pcs1gpzi0u-unsplash — Photo by Marvin Kuhn on Unsplash

Velas is a big name within the NFT and blockchain industry. The company owns none other than the Velas NFT Marketplace, where companies, teams, and organizations gather to create various and imaginative NFTs for their users.

For one thing, Velas will be collaborating with Ferrari’s racing team, Formula 1, which is included in their multi-year deal. Not only that, but the firm will also be a Title Sponsor during the Ferrari Esports Series.

Ferrari’s General Manager and Team Principal, Mattia Binotto, seemed satisfied with the partnership.

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Farhad Shagulyamov, Velas Network’s CEO and co-founder, also had encouraging and positive words to say about the deal. Shagulyamov praises Ferrari in an official quote, saying that the brand is an “icon of excellence.” As such, it made sense for the firm to collaborate with Ferrari, as it dedicated itself to “sustainability and performance.”

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twitter-ethmessages-uqilkdhwifw-unsplash — Photo by Twitter @ethmessages on Unsplash

VLX Token Rises

Since the announcement, the Velas token known as VLX has seen a notable increase in value. The token was only trending around $0.25 previously, but now it has risen to over $0.35. It’s clear that this new partnership with Ferrari will introduce the firm to an entirely new user base.

After all, Ferrari also has a fanbase of millions, and Velas can undoubtedly benefit from that. Ferrari’s official Twitter account has over 3.3 million followers, while its official Instagram has over 21 million followers.

Ethereum and Bitcoin Beats Gold This Year By A Huge Margin

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December 30, 2021

Bitcoin and Ethereum substantially outperformed their previous all-time highs in 2021, reaching 71.8 percent and 456 percent, respectively.

Bitcoin (BTC), the most valuable cryptocurrency by market capitalization, broke over its previous all-time high this year, reaching well over $69,000 on November 10, a 71.8 percent year-over-year increase.

Bitcoin has risen 56.6 percent since its July 21 low of slightly under $30,000. If bitcoin maintains at this level until the end of the year, 2021 will be the fourth-worst year for the cryptocurrency since 2011.

Ethereum (ETH) has increased by 456 percent

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Despite a terrible year for bitcoin, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, increased by 456% in 2021.

Ethereum increased steadily throughout the year, reaching an all-time high of $4,182 on May 12 and a second all-time high of $4878 on November 10.

This makes 2021 the second-best year in Ethereum’s five-year history.

Both main cryptocurrencies will outperform the stock market and gold by 2021. During the same period, the Nasdaq and S&P 500 indices generated positive yearly returns of 26.54 percent and 25.82 percent, respectively.

Digital gold vs. physical gold

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Interestingly, bitcoin outperformed the genuine yellow metal’s market performance in 2021, which had a negative return on investment of 5.26 percent at the time of writing since proponents frequently refer to the currency as digital gold.

Gold’s market performance has been declining since mid-2020, going from just above $2,070 per ounce in mid-July 2020 to $1812 per ounce, a 12.5 percent loss from its peak.

Gold has performed well over the last five years, gaining 59.7 percent. Over ten years, the market value of gold climbed by 12.5%.

UAE authorities announces new measures against cryptocurrency fraudsters

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December 30, 2021

bitcoin-in-uae-united-arab-emirates-bitcoin-n4l83mdru89516g4e5tw47m0o9lp466zf2nj6lszxk

Under new UAE legislation aimed at safeguarding the public from financial fraud, cybercriminals who encourage cryptocurrency crimes online face up to five years in prison and fines of up to $272 million.

Promoters of online cryptocurrency schemes face a five-year prison sentence and a maximum punishment of more than $270,000 under the UAE’s new internet security legislation, which goes into effect on January 2, 2022.

Last month, President Sheikh Khalifa announced the crackdown as part of a raft of broad legal reforms.

Extensive cybercrime legislation

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The new law expands the country’s existing cyber-crime rules to include the promotion of rogue cryptocurrency schemes that are not authorized by UAE authorities.

Despite the fact that many countries provide regular warnings in this area, the UAE government has decided to take it further by imposing severe penalties on anyone who violates the law.

Because the country’s government has strengthened its regulations to protect inhabitants from cyber fraud, hackers who encourage cryptocurrency crimes on the internet risk up to 5 years in prison and a fine of up to 1 million DH ($272,259).

UAE residents are victims of cryptocurrency frauds

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Despite strict regulation and a crypto-friendly climate, UAE residents have fallen prey to cryptocurrency frauds. Hundreds of similar crimes cost Dubai customers around 80 million dirhams in the first half of 2021.

The UAE Police Department replied by releasing public warnings regarding bogus bitcoin trading and profit-making schemes.

DubaiCoin, on the other hand, was one of the city’s most intricate phishing schemes. Investors flocked to the digital asset after hearing that it was backed by the government, allowing its value to skyrocket in a short amount of time.

Sidus Heroes Reveals New Deal With Coinvision Gaming

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December 30, 2021

Sidus Heroes is forming alliances with important stakeholders in the GameFi ecosystem to establish itself as a leader in Play-to-Earn (P2E) gaming.

Players can immerse themselves in a space fantasy adventure metaverse with different gaming scenarios, including interplanetary exploration, battles, and settlements, as well as opportunities for political, social, and economic development.

The Sidus universe is based on a closed economic system based on a limited output of resources. The game employs a two-token system:

As Non-Fungible Tokens, $SIDUS tokens will be the in-game currency for purchasing and crafting goods (NFTs).
The $SENATE token will be used for voting and governance; it is a decentralized autonomous organization (DAO) token. It will be used to automate blockchain decisions based on user inputs or votes.

https://twitter.com/galaxy_sidus/status/1472114410231529473?s=20

According to the most recent releases from Sidus Heroes, the team has teamed up with Coinvision Gaming.

Coinvision Gaming was founded by Coinvision, a membership-based community of over 7,000 cryptocurrency enthusiasts interested in learning technology through technical and fundamental examination.

The guild will leverage in-game assets to provide scholarships to players while also using Sidus Heroes’ economic strategy. Coinvision Research offers in-depth knowledge of the GameFi market, always keeping updated with industry trends and advances.

With this collaboration, Sidus Heroes will receive the most recent research, allowing the Sidus community to profit from the advances made by a well-informed staff.

Everything You Need To Know About The Parallel Super Listing Event

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December 30, 2021

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The Parallel, a metaverse game, presents the Super Listing Event to provide the crypto community with an unprecedented world-class 3D experience.

The online event will take place on December 28 at 1 p.m. (UTC), will be live-streamed on 38 channels, and will mark a significant milestone for The Parallel.

The Parallel, which kickstarts the formation of an infinite Metaverse, allows users to create their own GameFi experience, where communities can enjoy a limitless choice of entertainment, gaming, and earning opportunities.

THE PARALLEL SUPER LISTING EVENT – A WORLDCLASS 3D EVENT FROM THE PARALLEL
Join in "SHARE TEASER – EARN PRL" while taking a tour with "Super listing event" teaser video.
Detail at: https://t.co/O7GpynmaHX pic.twitter.com/l0ykSxK5bs

— The Parallel – An Infinite Metaverse (@theparallel_io) December 17, 2021

Players can construct an endless number of universes, with only their creativity as a restriction. The team’s vision for the game is new and exciting:

“The Parallel is a gigantic planet, a civilization, a society, a never-ending environment with never-ending possibilities.” Not only will players be able to acquire assets (NFTs) and earn money just by playing, but we will also provide them with a metaverse with no constraints, restrictions, or guidelines.”

The native token is based on a Play-to-Earn (P2E) concept. $PRL is essential to The Parallel game’s long-term P2E economy.

During the Super Listing Event, The Parallel will release critical details about the project.

The event will provide participants with a world-class experience using cutting-edge technologies. Augmented Reality (AR) and Virtual Reality (VR) have been used successfully to communicate the idea of The Parallel endless metaverse.

In addition, the team will provide the precise time when the $PRL token will be available for trading on Pancake Swap and KyberSwap.

Finally, a Super Airdrop will occur. Participants will receive a total reward of 55,000 PRL + $1,500 after completing a variety of interactive activities during the event.

The Super Listing Event is expected to receive over 500,000 views on The Parallel’s official channels, partner channels, and community channels.

Ethereum Outperforms Bitcoin in 2021, Gained 400% Within the Year

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December 29, 2021

twitter-ethmessages-bpz_moqzciu-unsplash — Photo by Twitter @ethmessages on Unsplash

For the past year, Ethereum has been on a winning streak in outperforming the world-renowned cryptocurrency, Bitcoin. Although the altcoin is seven years younger than Bitcoin, it has already experienced much success during its time, so much so that its returns on investment are now more than Bitcoin’s.

This has been a recurring situation since Ethereum became a popular blockchain, and it appears that it was able to bring its A-game through the end of 2021 with an outperformance of 400%.

Ethereum Surpasses Bitcoin

Many cryptocurrencies hit new all-time highs throughout 2021. Of course, Ethereum and Bitcoin investors also benefited from these rallies too. The various crypto assets increased by 100% at the very least at some point within the year.

However, when comparing this year’s performance between Ethereum and Bitcoin, the former undoubtedly was more successful this year. For one thing, Ethereum had a multi-year range breakout on the ETHBTC pair. This breakout left a mark on the market as one of the biggest trends of 2021.

executium-fx9jks10u3g-unsplash — Photo by Executium on Unsplash

Looking at it from a year-to-year perspective, Ethereum grew by almost 500% in 2021. On the other hand, Bitcoin only increased by 95% around the same timeframe. This year marks the widest performance gap in five years for the two popular assets, with the rivalry going back as far as 2015 during ETH’s initial launch.

Ethereum has since proven itself to be a worthy competitor to Bitcoin, an asset that we shouldn’t take lightly in this unpredictable market. And it’s primarily thanks to its consistent outstanding yearly performances that more and more investors have been adopting it.

Nevertheless, Ethereum is still far behind Bitcoin in market cap even though it continues to outperform. At present, Bitcoin’s market cap is around $1 trillion, while Ethereum’s is only at $490 billion. As you can see, there’s a massive gap between these two numbers.

Layers 1s Are the Stars of the Year

That said, Ethereum isn’t the only crypto that has outperformed this year. Although Ethereum is undoubtedly the most renowned layer 1s, other digital assets have surpassed Ethereum.

2021 has seen these Layer 1 protocols grow so much, especially since NFTs and decentralized finance (DeFi) gained traction and boomed in popularity. These successful networks include Fantom, Solana, Harmony, Terra Luna, and Avalanche.

These protocols dared to go against the big names and didn’t lose. So much so that their excellent performance overshadowed that of Ethereum’s.

yiorgos-ntrahas-mcauhlgirvs-unsplash-2 — Photo by Yiorgos Ntrahas on Unsplash

In only a year, these Layer 1 protocols took a significant amount of market share from Ethereum, and they’re expected to continue to do the same in 2022. These networks have grown so much in various ways, and we believe that they won’t be going away anytime soon.

The networks’ native tokens have also seen growth throughout the year, especially since more people have adopted the protocols. Because of that, their tokens’ prices have skyrocketed and reached new all-time highs. This shows that overall, the real winners of the year are the Layer 1s.

Meme Coin Shiba Inu Surpasses Bitcoin to Become the Most Viewed Cryptocurrency in 2021

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December 29, 2021