Weekly News Digest with CARV｜The Cryptocurrency World After SEC Approves ETF
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Crystal Fun: GameFi Project OUTERVERSE's Brand Evolution Read More
OUTERVERSE, a GameFi project, has rebranded to Crystal Fun, unveiling its new brand identity and roadmap on January 12, 2024. As a game ecosystem builder, Crystal Fun is set to innovate Web3 gaming with high-quality games and a sustainable economic model. The 2024 roadmap includes launching Outer and beta testing for EndlessWar, Survivor, and Starfall 2312. This rebranding signifies a strategic shift towards a decentralized gaming ecosystem, integrating AI for player co-creation and focusing on long-term ecosystem health and player engagement.
Rave Alpha NFT Car Racing Game Launches Alpha Test Read More
Rave Alpha, an NFT car racing game, has launched its alpha test, offering a unique metaverse racing experience. Developed by Immutable, the game allows players to collect, customize, and upgrade NFT cars. Key features include a battle pass with rewards ranging from non-NFT items to exclusive NFTs and $RAVE tokens. Players can also create and personalize maps, earning from their NFT creations. The game's ecosystem includes a reputation system and a car rental feature, enhancing the competitive racing experience. Rave Alpha is available for download, promising an immersive and dynamic NFT gaming experience.
Hytopia's Strategic Migration from Polygon to Arbitrum Read More
Hytopia, a prominent web3 game and creator platform, has announced its migration from Polygon to Arbitrum. This decision, following two years of development and a rebrand from NFT Worlds, aims to leverage Arbitrum's advanced rollup technologies and AnyTrust/Nitro stacks. The migration promises faster block times and enhanced gaming experiences for players and creators. Hytopia's 2024 focus includes launching the HYCHAIN ecosystem and the HYTOPIA creator platform, with over 3,000 content creators and 1.1 million pre-registered players. This strategic shift is expected to streamline on-chain transactions and improve asset interoperability.
SEC Approves Spot Bitcoin Exchange-Traded Products Read More
The U.S. Securities and Exchange Commission (SEC) approved several spot bitcoin exchange-traded product (ETP) shares on January 10, 2024, reversing its previous disapprovals of similar filings. This decision followed a U.S. Court of Appeals ruling that criticized the SEC's rationale in rejecting Grayscale’s ETP proposal. The approval is confined to bitcoin ETPs and does not imply endorsement of bitcoin or other crypto assets. The SEC clarifies that this action is not indicative of its views on the compliance of crypto assets with federal securities laws. The approval includes investor protections, requiring truthful disclosures about bitcoin ETPs and ensuring they are listed on registered national securities exchanges. The SEC remains neutral on the merit of underlying assets and cautions investors about the risks associated with bitcoin and crypto-related products.
Despite rumors, China's stance on cryptocurrency remains Read More
Despite rumors, China's stance on cryptocurrency remains stringent, with no signs of easing restrictions. Since 2017, China has viewed decentralized digital currencies as a financial risk, primarily due to their potential for capital outflow concealment and money laundering. Recent online discussions sparked by a Shanghai Municipal Tax Service article were misinterpreted as a policy shift, but the article's focus was on virtual currencies in video games, not cryptocurrencies. China's interest in Web3 and blockchain technology, including the RealDID system, does not extend to cryptocurrencies. Hong Kong's separate financial system allows it to pursue digital asset hubs, but this does not indicate a policy change in mainland China.
Bitcoin and Ethereum's Market Movements Amid ETF Launches Read More
The launch of Bitcoin spot ETFs in the U.S. created a significant buzz in the crypto market, with Bitcoin's price initially surging to $49,000 before falling back to $43,000. Despite the fluctuation, Bitcoin remains up over 120% from last year. Ethereum, often in Bitcoin's shadow, saw a 14% increase over the week, reaching an 18-month high of nearly $2,700. This rise is partly fueled by speculation about a potential Ethereum ETF following Bitcoin's ETF approval. Ethereum scaling networks like Arbitrum and Optimism also experienced gains, highlighting the growing interest in Ethereum's ecosystem.
ArenaX Labs Secures $6M Funding for Groundbreaking AI Arena Development Read More
ArenaX Labs has raised $6 million, led by Framework Ventures, to develop AI Arena, a unique AI-integrated fighting game. This innovative platform allows players to train and battle with intelligent AI fighters, fostering a dynamic gaming experience. The game, accessible without coding skills and free to play, is set to redefine the web3 gaming space, offering a new realm of AI-driven gameplay and competition. This funding marks a significant step in evolving consumer AI in gaming.
SkyArk Chronicles: A $15 Million Investment in Fantasy JRPG Read More
SkyArk Chronicles, a Triple A fantasy JRPG game with interoperable NFTs, has garnered significant investment attention. Developed by SkyArk Studio, the first blockchain studio established by Binance in Singapore, the game has raised $15 million. It features a trilogy including two GameFi chapters, "House of Heroes" and "Legends Arise," and a SocialFi Metaverse, "RE: SkyArkVerse." The game's unique play-and-earn model, focus on original intellectual property, and integration of blockchain technology have made it a notable investment in the gaming industry.
Note: This is just a compilation of airdrop information. You need to do your own research to identify the project situation. Not Financial Advise.
Heroes of Mavia Announces MAVIA Token Airdrop Read More
Content Summary: Heroes of Mavia is set to airdrop MAVIA tokens through its Pioneer Program, rewarding landholders and season one players. Approximately 7.5 million tokens are allocated for the airdrop, with eligibility and rewards based on land NFT holdings and staking. The program will run in several seasons, with the first season exclusively for land stakers from previous seasons. Unclaimed tokens within 14 days post-Token Generation Event will return to the treasury. Future seasons will offer opportunities for all players to earn airdrops through quests.
Enter the Data-to-Earn Era Powered by CARV Read More
A recent Medium article discusses CARV's innovative approach to data management, marking the advent of the Data-to-Earn Era. CARV's platform, launching in December 2023, introduces tools like CARV ID and .play Name Service, designed to give users control over their digital identities and data. This era ushers in opportunities for users to earn passive income by sharing their data with games and participating in brand interactions. Utilizing advanced privacy technologies, CARV aims to redefine the digital landscape, focusing on user empowerment and privacy. This development represents a significant shift in how personal data is utilized and monetized in the digital world.