Dear Crypto Enthusiasts,
This week, we delved deep into the currents of the crypto world, exploring market trends, sector updates, and individual projects that are making waves. The essence of belief and the significance of self-questioning were key themes we touched upon at the outset of our conversation.
Our host, Ian, and our analyst, Hemank, provided detailed insights into several noteworthy projects, including:
- Aimbot: A groundbreaking AI trading bot.
- Games for a Living: A unique initiative merging gaming and real-world incentives.
- High Street Market: A metaverse platform that looks set to redefine e-commerce.
- Digital Insight Games: A fresh venture from industry veterans, showcasing an unparalleled expertise in the gaming niche.
A highlight of our discussion was “Killer Whales”, a show reminiscent of Shark Tank but infused with tokens and NFTs. However, we approached its trading potential with a degree of caution.
Our gaze also settled on an array of other projects – from Saga to the Ready Games Network. The standout aspect? We delved into the customizability options that Eclipse and Caldera offer as roll-up solutions, emphasizing how crucial this is for developers.
In the realm of DEX aggregators, we expressed reservations about the necessity for more in the space, particularly with dormant token contracts. Our conversation also spanned the importance of web3 security plugins, with a special mention of a tool detecting fraud and phishing attempts across various chains.
As game development tools evolve, we cast our attention on the Ready Games Network. While opinions on its unique value proposition were mixed, the innovation and team prowess of Lurk-lang, zk-compute platform, garnered our unanimous appreciation.
In our exploration of emerging technologies, Lurk complete approach to zero-knowledge proofs caught our eye, and the Mantle Network‘s Layer 2 scalability solution emerged as a notable mention, especially given the backing of its parent company, BitDAO.
Turning our focus to project valuation, Mantle and Fuse Network took center stage. While Mantle presented intriguing growth potential despite its current value metrics, Fuse Network faced challenges in differentiating itself in a saturated market. Our subsequent discussions on short selling and secure protocols in crypto were enriching, with Beta Finance’s innovative approach to short selling borrowing presenting a novel angle to explore further.
On the trading front, a significant 70% of the weekly volume was captured by Blur, leaving Open sea and Looks Rare trailing with 18% and 0.3% respectively. While it might be tempting to explore Blur as a major player, we recommend treating Looksrare more as a trade opportunity than a long-term investment. Projects like Cosmos Alphca and Popsicle Finance also came under our radar, emphasizing the resurgence of the DeFi sector.
Our engaging Q&A session addressed a range of viewer queries, from Joystream to the recent Astra Dao hack, offering comprehensive insights to inform your crypto journey.
To wrap up, it’s been a week of deep dives, evaluations, and enlightening discussions. We’re grateful to be on this journey with you, and we look forward to the insights the next week brings.
The Crypto Insights Team