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- 🌐 One step closer to web3 Pokémon...
🌐 One step closer to web3 Pokémon...
PLUS: Buying BTC & ETH ETFs may soon become simpler
Are you playing any web3 games right now - if so, which one(s)?(Click to vote / see results / comment 👇) |
Sup, nerds!
Here’s what you’re getting in today’s edition:
Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Web3, NFT, blockchain, staking.
💅 This is cool:
In one sentence: Now that the (free) Delta Gameboy Emulator is available on 1.46B iPhones, The Pokémon Company is incentivized to engage its newly hired ‘web3 expert’ and bring its classics onchain to distract from emulation.
It’s time we update our list, titled:
“Evidence and contributing factors that point towards a web3 Pokémon game becoming a thing”
(It’s a working title, don’t @ us).
👉 Here’s what we had up until recently…
1/ Pokémon is perfectly suited for web3 based in-game economies.
You catch a Pokémon → it's minted as an NFT → you can sell it on the open market (like a digital version of Pokémon cards) → every time a sale is made, The Pokémon Company gets a cut.
The player takes the lions share of profits for each individual sale, while The Pokémon Company earns their dollars through trading volume.
(Everybody wins, hugs, and lives happily ever after).
2/ In March, The Pokémon Company posted a new job listing, calling for a web3 expert, to advise the company’s leadership on web3 strategy.
(Huge! But we haven’t heard anything since).
👉 Here’re two new factors that might push The Pokémon Company to making this dream a reality…
3/ Atari is bring its classics onchain (we wrote about it yesterday)
Atari is helping to prove that game companies can effectively monetize their classic titles onchain.
But why would The Pokémon Company want to monetize their games onchain?
They have a pretty solid track record of being able to modernize and re-release their old titles on Nintendo…
4/ The (free) Delta Gameboy emulator went live on the App Store a few months back
That means 1.46 billion iPhone users can now play any Gameboy, GBA, and/or DS version of Pokémon on their phones, for free.
We can’t imagine The Pokémon Company liking this.
To combat it, they’d need to give gamers an experience they can’t get on an emulator…
Like, say, the ability to collect, trade, and sell the Pokémon they collect in-game.
Is it still a bit of a pipe dream? Yes.
Are we going to cling to it with blind hope? Also yes.
🥇 Want the news before anyone else?
🔎 This seems important:
In one sentence: Galaxy Ventures, is putting a chunk of its $113M fund into financialized applications, which we’re hoping starts a trend leading away from building infrastructure, and towards blockchain apps.
Galaxy Ventures, just raised $113M to invest in early-stage companies building crypto protocols, software infrastructure and financialized applications.
That’s not a whole lot in the grand scheme of things, but the last two words of that announcement are getting us excited.
Over the past year or so, most funds/VC’s have been heavily focused on investing in infrastructure plays, while blockchain apps have gotten the cold shoulder.
Which stinks, cause the blockchain space currently has more infrastructure than it knows what to do with — and very few apps.
It’s kind of like having an internet connection without any websites to visit.
(Please, for the love of god, we need something to do with our crypto outside of staking).
Here’s why these two words being included in the fund’s press release is something worth getting excited about:
It takes big names to shift a trend in the investing world, and Mike Novogratz's Galaxy Asset Management is one of the most respected names in the space.
Godspeed, Mikey boy.
Godspeed.
🤝 Partner:
Here’s the current state of the industry…
There’s so many ways to “invest” your money right now that it’s hard to discern what’s actually legit or not.
Amazon FBA…
Dropshipping automation…
Airbnb arbitrage…
And the worst part is: unless you were a trail blazer who got in at the beginning it’s really hard to make good returns with these vehicles.
Now you can go ahead and try, but you’ll probably just find out the hard way.
But that’s why Advanced Orbit Solutions is bringing a new opportunity into the marketplace.
AOS has created an AI trading system that allows their customers to receive an average return of $5-10K per month*.
A system that’s hands off, allowing you to buy back your time while also securing you some of the highest returns you can find.
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*Past performance is not indicative of future performance.
🔪Let's dissect this:
In one sentence: Digital asset manager, Hashdex, just submitted an S-1 registration statement for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which will essentially combine spot Bitcoin and Ethereum ETFs in the US.
Here’s something interesting.
Digital asset manager, Hashdex, just submitted an S-1 registration statement for its ‘Hashdex Nasdaq Crypto Index US ETF,’ which will essentially combine spot Bitcoin and Ethereum ETFs in the US.
Which is cool - if/when approved, investors will be able to buy a single share and get the return on the average return of both ETH and BTC ETFs.
But here’s the part that excites us:
“If any crypto asset other than bitcoin and ether becomes eligible for inclusion in the Index, the Sponsor will transition to a sample replication strategy, with only bitcoin and ether in the same proportions determined by the Index.”
In other words, if/when a SOL spot ETF is approved (for example), it would also be added to the Crypto Index US ETF.
(And reading between the lines, they wouldn’t have included that if they didn’t think it was likely to happen).
While you could go out and simply buy a portfolio worth of BTC and ETH ETFs to achieve the same result, this will simplify that process.
And investors generally opt for simpler/quicker processes.
We’ve seen innovation within public markets through BTC ETFs, ETH ETFs, crypto futures ETFs, and now aggregated crypto ETFs (assuming this is approved).
Gotta love that!
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👇 Other stuff you may have missed
Alright, that’s it for today!
Love to the family,
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