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🌐 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 again…

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Sup, nerds!

Here’s what you’re getting in today’s edition:

  • 💅 This is cool: Web3's first handheld gaming device

  • 🔎 This seems important: Looks like Bitcoin (and the rest of the market) is set to flip bullish again…

  • 🤝 Partner: Hands down the laziest ways people are making extra cash

  • 🔪 Let's dissect this: Gen Z loves crypto

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

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💅 This is cool:

Web3’s First Handheld Gaming Device

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

Sui just went ‘full Solana,’ and announced its plans to make a physical device.

But it ain’t a phone!

It’s a handheld gaming device, called the ‘SuiPlay0X1,‘ and it appears to want to rival the SteamDeck.

Here’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 ‘the dawn of real AAA Web3 gaming’ 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 consumers’ minds becomes this…

“Right, so there’s the SteamDeck, and then there’s the SuiPlay0X1…

Both have similar specs, capabilities, price points, and allow me to access my existing game libraries…

But developers building on the SuiPlay0X1 might send me free crypto/NFTs, while Steam developers won’t…

Might as well go with the SuiPlay0X1 ¯\_(ツ)_/¯”

If/when it’s released, we’ll be buying one on the company card (for ‘research’).

 

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🥇 Want the news before anyone else?

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🔎 This seems important:

Looks Like Bitcoin (And the Rest of the Market) Is Set to Flip Bullish Again…

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 BTC’s price!).

Alright, let’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 we’ve really seen from the Grayscale ETF’s inflows is blood red figures.

And this continued sell pressure has helped to keep Bitcoin’s price stuck between ~$65k-$70k these past few weeks…

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 positive…

Things are starting to look bullish again!

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🤝 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.

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🔪 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 Y’s are right behind them.

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

Gen Z’s fascination is with crypto makes sense:

Not only are they the most chronically online generation out there, but with Web3’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!

 

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SUI Blockchain Explained With Animations

👇 Other stuff you may have missed

Alright, that’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 .

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