NFTS AND PLAY-TO-EARN IS THE FUTURE OF THE GAMING INDUSTRY

November 8, 2021

TL:DR

Happy Monday, everyone! It’s time for our weekly newsletter. As always, we will be telling you about some of the news stories that made headlines this past week and giving you a sneak peek at some of the upcoming events that we think are worth your time.

If you like what we do then please don’t forget to forward this newsletter to your friends.

MARKETS

▲ Bitcoin

$67,590.55

+130.10%

▲ Ethereum

$4,808.66

+557.51%

▲ Cardano

$2.12

+1115.54%

▲ Solana

$248.53

+13355.29%

▲ Binance

$650.47

+1623.94%

*Cryptocurrency data as of Monday at 3:30 PM PST. YTD% Average

Weekly Review

Last week’s market performance

Overall, last week markets remained stable. There weren’t many highs and lows. Instead, Bitcoin’s price stayed between $61,000 to $63,000. On the other hand, there’s another “meme” coin out in the market that has seen a whopping 4000% increase in October 2021 and it’s named after none other the crypto king aka Elon Musk. Dogelon Mars (ELON) is the new meme coin that has gained lots of attraction the past week.

Political

Local mayors in the US are going all for Bitcoin

To our surprise, no one thought this day would come, or at least this soon. Regardless, last week Miami’s Mayor tweeted he will be accepting his next paycheck 100% in bitcoin, only to be receiving a reply from the Mayor-elect of New York City (NYC) saying he will also be accepting his next three months’ salary in Bitcoin. Interestingly, the rather so friendly war did not end here, and on Friday, Tampa Bay, Florida’s Mayor said she’s going to be accepting her next paycheck in Bitcoin.

Therefore, in just 1-week, three Mayors of the US are accepting their paychecks in Bitcoin. How cool is that?

TRIVIA

Which now-defunct smartphone brand had launched what was intended to be the “World’s First Native Blockchain Phone” – the Exodus?

A. Nokia B. Motorola
C. Blackberry D. HTC

Answer Below.

Finance

Bank of America’s COO thinks Bitcoin is just an “asset” rather have any practical use

While talking at a conference with the CEO of Chainalysis, the COO Tom Montang of Bank of America didn’t have many positive things to say about bitcoin, cryptocurrencies, and stablecoins. Unfortunately, his statement is quite similar to what JP Morgan and Goldman Sachs had to say, and that’s cryptocurrencies will serve as an “Asset” than have practical use in the future. Interestingly enough, just this July, Bank of America dedicated an entire “research team” to study cryptocurrencies.

Technology

Reddit soon to turn your Karma points into an ERC-20 token

Yes, last week, Reddit announced it would soon tokenize your Karma points into an ERC-20 token that it believes will help the platform’s content creators. In a series of Tweets, a senior engineer from Reddit tweeted about his plans for the social media site; and they want a platform that supports not just its creators but is somewhat a part of the growing blockchain trend. Will this help Reddit at attracting new users and content? Perhaps time will tell, but for now, most users are excited to see how it turns out!

Technology

Kraken and Coinbase: all set to list Shiba Inu (SHIB)

Last week the Shiba army won, once again! Kraken tweeted asking their followers to list SHIB and said: if we receive more than 2,000 likes – we will list the coin. Well, the Shiba Army did not come slow, and the tweet received over 78,000+ likes!

On the other hand, Coinbase lists SHIB on its platform for buying, selling, and trading. However, the SHIB is only available for NYC residents, but that’s expected to grow.

Exclusive Crypto Communities

These communities will allow you to learn and gain insight into crypto and where it is headed. Do not take this as financial advice but rather as education to help further your knowledge. These are invite only and those that are apart of Coin Market Community will receive special access using the links below. Looking forward to seeing you all in there!

Feel free to forward these to a friend!

Location	Group	Invite Link
Discord	6kWorkWeek	6kWorkWeek
Discord	Kapital	Kapital
Discord	Kryptonium	Kryptonium
Telegram	NFT Insiders	NFT Insiders
Telegram	Crypto Insiders	Crypto Insiders

Political

US Senator Ted Cruz wants all utilities in the Capitol to be paid by Bitcoin

Known as the “accept resolution”, US Senator Ted Cruz wants all the restaurants, vending machines, and gift shops to accept payments in Bitcoin. He believes this will have a far more significant “ripple” effect at making Bitcoin more practical and used as a form of the day-to-day payment system.

Unfortunately, so far, there isn’t much luck at the Congress for Senator Ted Cruz.

NFT News

NFTs and Play-to-earn is the future of the gaming industry: CEO of Electronic Arts EA

The CEO of one of the world’s most popular game development companies seems to have high hopes for the future of gaming which involves NFTs and play-to-earn models. Electronic Arts is behind one of the world’s most popular games on console and PC: Fifa and NBA. The CEO believes the gaming industry is all set to see this shift as most gamers they interviewed want something more from the games they play, and if they can earn them money, who would say no?

Featured Project

BlockBank – the future of banking

A one-stop solution that combines the power of decentralized and centralized technology in a secure and straightforward Mobile and Web application.

Last week, Blockbank launched an Android and Apple-Store update that has now allowed the Dapp browser to be upgraded and fully functional with the help of providing a network selection (ETH or BSC), Token approval addition, and simultaneously to use more than one Dapp.

*The updates are pending approval by the Apple store.

TRIVIA ANSWER

D. HTC

The HTC Exodus, was to be similar to HTC’s other Android smartphones. The difference is that it was designed to support blockchain-based distributed apps, and feature what the company describes as “built-in secure hardware.