September 15: (1) Top DeFi Coins See Double-Digit Gains + (2) $60M raised for NFT games platform on Ethereum

September 15: (1) Top DeFi Coins See Double-Digit Gains + (2) $60M raised for NFT games platform on Ethereum

That expensive gaming set-up may not have been a waste after all

What we imagine NFT creators sit behind every day.

Crypto

Top DeFi Tokens Curve, Aave, and SushiSwap Post Double-Digit Gains

Several tokens behind top decentralized finance (DeFi) protocols have posted gains of more than 10% over the past day. Included in the day’s top gainers are Curve, Aave, and SushiSwap.

Is this a sign of the bull-run to come for all cryptos this winter?

Or something else?

There are a handful of theories espoused in this article.

Frankly, we think it’s actually simple — why they’re gaining, that is.

DeFi is growing.

That’s it.

We’re all for analysis and so on, but don’t overthink this stuff.

NFTs

Immutable raises $60M for NFT games platform on Ethereum

This article is quite long, so if you want to delve in deep, give it a read.

We’ll highlight the most important bits below.

*Immutable has raised $60 million for its platform that uses nonfungible tokens (NFTs) to help monetize games.*
The Sydney, Australia-based Immutable created a platform on top of Ethereum to monetize NFTs in games, and it is also the creator of the Gods Unchained NFT-based collectible card game. NFTs use the transparent and secure ledger of blockchain to uniquely identify digital items. That means that rare digital items can be sold for higher prices in NFT-based games.
The company also recently unveiled it will issue a $GODS token. It will give them out or sell them to players so they can have a voice in how the studio runs the game. At launch, $GODS will operate as a utility and governance token, giving holders a voice in the digital space, as well as active staking opportunities that allow players to earn rewards through gameplay campaigns.
Over time, functionality of the $GODS will expand to embed the token within Gods Unchained’s “play-to-earn” game loops, enabling players to earn $GODS tokens as rewards when people play the game. If those tokens increase in value, the players can sell them for their own profit. I call this the Leisure Economy, where we all get paid to play games. Immutable hopes the biggest game companies will adopt NFTs, which have been popular with crypto enthusiasts but are somewhat confusing for ordinary gamers.
…
Immutable has also created Immutable X, a Layer-2 scalability protocol for NFTs on Ethereum. That means it enables transactions at a much faster rate than was intended on Ethereum, and it doesn’t use as much computing power and so doesn’t have as many environmental effects as transactions on top of Ethereum normally do. On top of that, it doesn’t incur the high “gas fees,” or computing fees, for users. Those fees are zero, and yet they don’t compromise on security because they take advantage of the underlying secure Ethereum platform.
…
From collectible trading card NFTs to fashion NFTs, Immutable’s technology partnerships span across multiple industries.
Immutable’s own Gods Unchained is led by Chris Clay, the former game director of Magic the Gathering Arena, and Immutable is also making Guild of the Guardians.
Other notable projects include:
OpenSea (NFT marketplace)
Mintable (NFT marketplace)
RTFKT studios (fashion NFT artists)
Ecomi/VeVe Collectibles (licensed collectibles)
Medal.TV (world’s largest gaming clips website)
HighRise (social sandbox)
TokenTrove (collectibles marketplace)
SuperFarm (defi NFT farm)
Epics.GG (whitelabel marketplace platform for NFTs)
Illuvium (auto battler RPG)
Lucid Sight (MLB Champions Baseball, Crypto Space Commander)
War Riders (post-apocalyptic MMO)
Mintable (NFT marketplace)
Double Jump.Tokyo/MCH+
There are 10 or so major partnerships with game companies already announced, and that should expand in the coming months, he said.
“The most exciting thing by far is the interest from the massive game companies,” said Ferguson. “They say they have an NFT strategy that has been accelerated by three or four years. We see all of the major game studios around the world have dedicated teams to work out what their NFT strategy is, and some are building defensive strategies. We’re going in aggressively and saying we can be the market leader in NFT experiences for gamers.”

A lot of notable names and companies on that list.

This really only means one thing: NFTs and gaming is going to be huge.

Pour Conclure

Pay attention to those gaming companies, download MetaMask, and buy some DeFi coins.

Until next time.

Your Pal,

The Gopher

P.S.

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Disclaimer: None of this is to be deemed legal or financial advice in any way, shape, or form. You are reading opinions from an anonymous news publisher in Cartoon Gopher Format.

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