• Web3 Daily
  • Posts
  • šŸŒ Web3's first AAA gaming device

šŸŒ Web3's first AAA gaming device

PLUS: The Grayscale BTC ETF's bleeding is starting to slow! Looks like Bitcoin (and the rest of the market) is set to flip bullish againā€¦

Tired of our yappinā€™? Unsubscribe any time!

gm, and welcome to Web3 Daily

Where do you think XRP's price will be in 7 days time?

(Click to vote / see results šŸ‘‡)

Login or Subscribe to participate in polls.

Sup, nerds!

Hereā€™s what youā€™re getting in todayā€™s edition:

  • šŸ’… This is cool: Web3's first handheld gaming device

  • šŸ”Ž This seems important: Looks like Bitcoin (and the rest of the market) is set to flip bullish againā€¦

  • šŸ¤ Partner: Hands down the laziest ways people are making extra cashā€‹

  • šŸ”Ŗ Let's dissect this: Gen Z loves crypto

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Web3, NFTs.

web3 daily divider

šŸ’… This is cool:

Web3ā€™s First Handheld Gaming Device

In one sentence: Sui just announced its plans to make a Web3 integrated handheld gaming device, called the ā€˜SuiPlay0X1,ā€™ which is set to be released in 2025, for ~$500.

Sui just went ā€˜full Solana,ā€™ and announced its plans to make a physical device.

But it ainā€™t a phone!

Itā€™s a handheld gaming device, called the ā€˜SuiPlay0X1,ā€˜ and it appears to want to rival the SteamDeck.

Hereā€™s everything we have right now:

  • No specs

  • A few renders

  • A vague release date of 2025

  • A proposed retail price of $500

The formula for the SuiPlay0X1 to win in the short term is simple:

It just needs to spin enough of a narrative around the device being ā€˜the dawn of real AAA Web3 gamingā€™ and hint that buyers will be gifted a bunch of crypto by developers, as incentive to play their games.

For the SuiPlay0X1 to really win, beyond Web3, it will need to be:

The same if not better than the SteamDeck, which is pretty much a PS4 Pro that fits in your pocket.

Because then the decision in consumersā€™ minds becomes thisā€¦

ā€œRight, so thereā€™s the SteamDeck, and then thereā€™s the SuiPlay0X1ā€¦

Both have similar specs, capabilities, price points, and allow me to access my existing game librariesā€¦

But developers building on the SuiPlay0X1 might send me free crypto/NFTs, while Steam developers wonā€™tā€¦

Might as well go with the SuiPlay0X1 ĀÆ\_(惄)_/ĀÆā€

If/when itā€™s released, weā€™ll be buying one on the company card (for ā€˜researchā€™).

 

web3 daily divider

šŸ„‡ Want the news before anyone else?

web3 daily divider

šŸ”Ž This seems important:

Looks Like Bitcoin (And the Rest of the Market) Is Set to Flip Bullish Againā€¦

In one sentence: The Grayscale BTC ETF hit a new single day low for outflows (-$17.5M), indicating the bleeding may well be ending (which should help to elevate BTCā€™s price!).

Alright, letā€™s finish the week off on a positive note, shall we?

The Grayscale Bitcoin ETF is the problem child of the crypto space right now, in that its high fees continue to incentivize share holders to sell off large swaths of Bitcoin, and move their money elsewhere.

Day in, day out: all weā€™ve really seen from the Grayscale ETFā€™s inflows is blood red figures.

And this continued sell pressure has helped to keep Bitcoinā€™s price stuck between ~$65k-$70k these past few weeksā€¦

The good news is:

As of yesterday, the Grayscale ETF hit a new single day low for outflows (-$17.5M), which indicates the bleeding may well be ending.

With the halving just around the corner, and the net inflows of cash moving into the Bitcoin ETFs flipping positiveā€¦

Things are starting to look bullish again!

web3 daily divider

šŸ¤ Partner:

Feeling lazy but still want to earn some extra cash?

We've done our research and found some unusual (but legit) ways that people can stack their bank accounts without having to leave their house.

Some will help you save. Others will help you pad your wallet right away.

If your bank account could use a boost but you don't want to start a second job, then these could be right for you.

web3 daily divider

šŸ”Ŗ Let's dissect this:

Gen Z Loves Crypto

In one sentence: 1 in 5 Americans under 42 invest in crypto, with Gen Z taking the lead at 21%.

Gen Z is more likely to own crypto than stocks. 

(Surprised? Neither).

A new survey came out dissecting the crypto landscape by generation.

And no generation is left behind!

1 in 5 Americans under 42 invest in crypto.

Gen Z may lead the pack at 21% of them owning crypto, but Gen Yā€™s are right behind them.

And Boomers are investing in crypto too! (Well, at least 5% of them are).

Gen Zā€™s fascination is with crypto makes sense:

Not only are they the most chronically online generation out there, but with Web3ā€™s perks of having:

  • 24/7 trading

  • A wide selection of mobile apps

  • And extremely low entry prices (from as little as $0.01)

It's way easier to onboard into the space in comparison to, say, real estate or stocks.

We love to see it!

 

web3 daily divider

Instead of spending days on 1 book, use Shortform to learn the key ideas in minutes. Their in-depth book guides on finance, economics, and entrepreneurship cover everything you want to learn but don't have the time for. Plus, Web3 Daily readers get an exclusive 20% off.

web3 daily divider

SUI Blockchain Explained With Animations

šŸ‘‡ Other stuff you may have missed

Alright, thatā€™s it for today!
Love to the family,

 Chevy ,  Seb & The Web3 Daily Team. 

P.S. Want to learn how to research and value cryptocurrencies? We have a framework  that does just that .

What did you think of today's edition?

Login or Subscribe to participate in polls.

Help us write content that's relevant to you! (ā€‹Click hereā€‹)
Forwarded this? ā€‹Sign up here!ā€‹
Want to advertise with us? Get in touch with Seb: ā€‹ā€‹[email protected]

Who are we?

Uh oh! Now for the boring stuff:
This content is for informational purposes only. Such information should not be construed as legal, tax, investment, financial, or other advice.

Phew! Thanks for hearing us out. We promise to never be that mundane again.

Oh, and - whatever you do, do not click  this link .