When NFT giants such as CryptoPunks first launched, they could not imagine the connection between NFT’s and GameFi and focused on their sole collection of Punks. In Q3, NFT sales amounted to over $10.7 billion, which was partially due to an increase in the amount of creative and unique collections, as well as technological innovations, such as the integration with GameFi.
For those that do not yet know — An NFT is a Non-Fungible Token, such as digital artwork, that cannot be replaced with something else, as it is non-fungible. GameFi represents a mix of decentralized finance (DeFi) and gaming, which operates under a play-to-earn model instead of a play-to-win. This combination means that users can now play online games using their NFT’s and be financially rewarded for playing — not winning.
One project that incorporates both NFT’s, GameFi, and the preferable Binance Smart Chain is “The Presidents” exclusive collection that can be minted on the presidents-nft.com website.
“The Presidents” is the first and only NFT collection in the world that consists of 50 presidents from different countries and established cryptocurrency organizations. This truly rare NFT collection has been launched on the Binance Smart Chain, which is a preferable blockchain of choice for NFT projects as it is faster and cheaper when compared to other blockchains, such as the expensive Ethereum.
“The Presidents” is a GameFi and NFT collection that consists of 20,000 masterpieces of colorful presidents’ portraits of countries and cryptocurrency organizations. The collection is made in a unique style and is a combination of classic, digital art.
The collection has 8 main types of Presidents, including, Americans, American Legends, Soviets, World, World Legends, Crypto Legends, Secrets, and one exclusive Satoshi. Each NFT has its own design and is one of a kind on any existing blockchain. One President can be minted for 0.3 Binance Coin (BNB) using the Metamask wallet.
With the use of Artificial intelligence, the NFT’s were distributed with 246 traits, so that each portrait has its own exclusive design. This collection will forever remain in the history of digital art and NFT.
The collection features prominent presidents of the USA, Europe, Asia, Latin America, and the USSR, who have had a significant impact on the world in which we all live today. Similarly, presidents of large, reputable, and well-known cryptocurrency and blockchain organizations such as Binance, Ethereum, and TRON are also featured.
The collection also has two secret president masterpieces, whose identities will be revealed once all of the 20,000 portraits are minted.
Once all the 20,000 Presidents are minted, the project will release access to its internal game of Cards, where users can play and compete in fun card games and receive the special governance token in return. The platform’s GameFi system allows users to be rewarded simply for playing fun games using their minted or purchased president portraits. Users owing more presidents have a higher chance of winning and therefore receiving more governance tokens in return.
The governance token can then be used to make decisions in the platform’s governance system, which allows users to vote on project development decisions. This way, the project involves the community to make decisions on new features, upgrades, and partnerships, following the concept of “give them what they want”.
The project also has cashback pools, where users that mint more than 50 presidents are placed in the small pool of 3% (cashback of up to 180 BNB), and users that mint more than 150 presidents are placed in the big pool of 7% (cashback of up to 420 BNB), which means the project is giving back 600 BNB to its users and supporters for their contribution to the project.
The governance token, governance system, and the Cards game will be released after minting all the 20,000 presidents. All these features make the project much more promising and unique, as users are provided with a lot of profit opportunities and involvement in its development.
NFT, GameFi, and the BSC are popular trends among NFT projects as they ensure their success on the market. This NFT collection features unique and attractive digital art that many would like to own, simply because of its stylish design. This project aims to give back to its supporters and has the potential to be minted in a short period of time.
Make sure to participate in the minting process of “The Presidents” by following this link presidents-nft.com.
Original Article: newsbtc.com
Will Ethereum Classic’s Bearish Trend Ever End?
Ethereum Classic (CRYPTO: ETC) is trading higher Monday, moving higher in a crypto market that is trading slightly higher as a whole.
Ethereum Classic has been in a strong downward trend for the last few months and has not yet shown signs it is making a reversal.
Ethereum Classic was up 2.45% at $25.53 at last check.
Ethereum Classic Daily Chart Analysis
Since the break below the $40 support line, Ethereum Classic has been steadily trending down. The strong downward trend can be shown by the …
Original Source: benzinga.com
Why Shopify CEO Tobi Lütke Is Joining the Coinbase Board
Coinbase Global Inc. (NASDAQ: COIN) recently added the CEO of one of the largest e-commerce brands to its board.
Coinbase CEO and co-founder Brian Armstrong said that Lütke is one of the first crypto adopters “through Shopify’s integration with Coinbase …
Source Here: benzinga.com
Bitcoin Bears to Resume Assault? Why BTC Could Crash to $33K
Bitcoin has been trading around its current levels for several days, leading to an apparent shift in sentiment across the crypto market. As BTC’s price trend to the upside after the U.S. Federal Reserve FOMC meeting, there seems to be an increase in optimistic on the crypto market.
Related Reading | TA: Bitcoin Faces Hurdle, Why BTC Could Resume Downtrend
In the short term, our Editorial Director Tony Spilotro has identified a TD Sequential buy signal on the 12-hour chart. As seen below, he highlighted a 13-buy setup with a trend to the downside which has been identified for some market participants as a bear flag.
Source: TonyTrades BTC via Telegram
On this timeframe, larger investors could be “baiting” retail into trading the bear flag. However, the TD Sequential suggest these investors could be entering a trap, as it suggests a short squeeze which could play out as soon as today’s daily close, according to Tony’s analysis.
Data from IntoTheBlock records major resistance level for Bitcoin bulls between $37,500 to $38,500. There are over 822.210 BTC which were purchased by 1.06 million addresses which could be seeking to take profit. A successful break above these levels could push BTC back to the $42,000 price mark.
Source: IntoTheBlock via Ali Martinez (Twitter).
Investment firm QCP Capital supports the short squeeze thesis due to the extend of the current bearish price action. The firm presented two key reasons on why Bitcoin and the crypto market could see a relief in February.
First, the U.S. FED has a “light agenda” for the coming month until 17 March. On this date, the financial institution could announce a decision on interest rates and a change in monetary policy. However, a 25 basis points (bps) seems to be priced in.
This could contribute with a relief in the crypto market, unless the FED decides to implement a more aggressive monetary policy. In any case, March could mark a turning point for Bitcoin and traditional markets, as investors will have their eyes on the FED.
The Long-Term Perspective For Bitcoin, More Downside Likely?
Historically, QCP Capital Noted, February has been a bullish month for Bitcoin which records over 10% in average profits since 2015, with exception of 2020. The bearish price action at the time could have been driven by the COVID-19 pandemic which eventually also contributed with that year’s rally.
However, the firm expects 2022 to be a tough year for the crypto market due to significant macro-economic factors, mainly the actions to be adopted by the U.S. FED. The time at which these changes will be implemented, remain the most important factor and will have an important impact for either bulls or bears. QCP said:
(…) while we think a short-term squeeze higher is likely, we are not overly optimistic for 2022. We remain of the view that crypto prices will remain under pressure and struggle to break the all-time highs this year (…). Any indication of QT (Quantitative Tightnening) starting earlier than expected would be taken very badly by the market.
Related Reading | Go With The FED, Why Bitcoin Could Benefit From Interest Rate Hikes In 2022
As of press time, Bitcoin trades at $37,800 with sideways movement in the past 24 hours.
BTC with some small profits in the daily chart. Source: BTCUSD Tradingview
Original Source: newsbtc.com
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