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    What Happens When DeFi Meets Play-To-Earn? Atari Chain has staked the future of its legendary gaming brand on the blockchain. More specifically, the Play-To-Earn gaming revolution currently unfolding before our eyes. Their investment is not without good reason - cryptocurrency is enjoying a bull run, is an ever more common buzzword in homes around the world, and the fact is that it has not yet achieved mainstream adoption; all are positive signs. The foundation has been set for a trajectory that is only going up. With an estimated 300 million crypto users globally - about 3.9% of the population and around 18,000 businesses accept cryptocurrency as payment. While these figures may sound significant to those that have been long-term crypto holders, we have not seen mass adoption in a global space - yet. Should cryptocurrency does transform the world - and it is on a trajectory to do just that, it will need to reach a lot more people. So, how can it happen? Play-To-Earn Play-To-Earn is what it says. Users of a Play-To-Earn game are rewarded (earn) for their participation and success in a game in a monetary fashion. Through cryptocurrency adoption, it is easier to build a global network for a play-to-earn gaming ecosystem, as cryptocurrency is borderless and digital and 100%. Play-to-earn gaming could be the sector to take crypto mainstream. And here is why: Play-To-Earn gaming introduced gamified economics into an already extremely popular sector. Take the figure of total cryptocurrency users and multiply it by ten, and what do you get? The global gaming business. There are 3.24 billion gamers worldwide. Take a slightly smaller figure, and the global number of mobile gaming users is 2.2 billion. Mobile gaming is the largest and fastest-growing sector within the broader gaming field. Why is mobile gaming so important. Let's take a deeper look at some figures that might shock you: 57.9% of mobile games played are puzzle games. More women spend money on in-game content than men. Mobile games' revenue was an estimated $76.7 billion in 2020. About 53% of internet users between the age of 45-54 years play mobile games. $0.74 of every dollar spent in an app store is spent on mobile games. The Future of Play To Earn The team at Atari is bullish on the future of Play-To-Earn because of these growth opportunities in the gaming industry and how they coincide with the growth of another increasing trend - "the side hustle" or quitting your job entirely. In the US alone, 4.4m Americans quit their job this year, from January to September. This equates to 3% of the US labour market. The trend is so widespread, it coined the term - the Great Resignation. This has occurred while inflation year on year is at 6.2%, the highest in the last 30 years. Add to that, one in three Americans indicated that they have a side hustle, with another 24% of Americans planning to start one within a year. The US is just a snapshot of a global condition. Once gaming is established as a viable source of income, this will mean an entirely new economy, welcoming 2.2 billion gamers. Add to that the open-source nature of blockchains and the inclusive, viral nature of blockchain economies, anyone with an internet connection on their smartphone can join in. How it Works If you are playing a game in the Atari ecosystem on your phone, you would have an Atari crypto wallet downloaded, which easily integrates seamlessly into your gaming experience. You could then win ATRI tokens for successful gaming. To cash out, you would then swap these tokens into BTC, ETH, or BNB in your wallet and send them where you buy crypto to exchange them into fiat. As the roadmap continues for the ecosystem, the goal is to eventually do the entire transaction on the Atari smart wallet, converting it into fiat currency and transferring it to your bank account directly. The Future Any gaming platform or ecosystem not built on blockchain could potentially be at a severe disadvantage a year or two from now, as blockchain becomes an increasing part of gaming platforms in the future. To learn more about the Atari Gaming ecosystem, you can contact them online and across social media below: Website | Reddit | Discord | Medium| Twitter and Telegram Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice

    02 Dec
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    Crypto Ads Under The Microscope In India The Advertising Standards Council of India (ASCI) is in discussions with the government to tighten the guidelines governing crypto advertisements, to minimize customer risk.  Crypto Ads Facing The Fire The marketing efforts of leading crypto exchanges in India like CoinDCX, WazirX, CoinSwitch Kuber, Zebpay, have not gone unnoticed. In fact, 1 out of 3 advertisements during the recent T20 World Cup was related to cryptocurrencies. Indian citizens have also expressed their distaste towards the aggressive advertising approach of these crypto firms. In a recent poll by LocalCircle, 76% of 56,000 surveyed stated that they wanted a pause on crypto-related ads on television and other media until a proper regulatory framework exists. Furthermore, a major portion of this 76% believes that these ads do not effectively highlight the risks involved in crypto investments.  Guidelines Under Government Scrutiny Finance Minister Nirmala Sitharaman has addressed concerns of misleading crypto ads in the Rajya Sabha.  She stated,  “About the misleading advertisements and about are we banning them - Advertising Standards Council of India (ASCI), which governs all advertisements, their guidelines are being studied and the regulations that they have are all being looked into so that we can take, if necessary, some kind of position to a decision to say how we are going to handle this." She also noted that the Centre was aware of the potential risks posed by misleading advertisements and warned marketers to tread carefully, till a regulatory framework has been established.  ASCI Cooperating With Centre According to ASCI general secretary, Manisha Kapoor, the council is looking into refreshing the guidelines to ensure that customers fully understand that crypto products are not legal tender and are not misled by exaggerated claims of profit.  Kapoor stated,  “The ASCI guidelines for crypto advertising are under active discussion with the government and other experts and seek to resolve issues that concern consumer interest. As such ASCI’s current guidelines already require ads to be honest and not exploit consumers’ lack of experience or knowledge, and this applies to ads across all categories, including crypto products.” The ASCI, which is a self-regulatory authority for advertisements, does not pose legally enforceable guidelines. Instead, any guideline violation is considered a violation of the federal government’s guidelines.  Impending Crypto Bill With the Parliament considering a bill that might shut down all crypto activities in the country, many exchanges like CoinSwitch Kuber, WazirX, Bitbns have paused advertising for now. However, the estimated Rs 50 crore that was spent by these exchanges on crypto ads during the T20 World Cup and the onboarding of multiple A-list celebrities as brand ambassadors had already amped up government scrutiny on this sector.  Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    in 02 Dec
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    Popular DeFi Wallet Ambire Raises $2.5 Million in Finan... DeFi-centric wallet, Ambire recently announced that it got $2.5 Million in funding from investors. The announcement came after a successful funding round piloted by notable investors, including LAUNCHHub Ventures, Ascentive Assets, Zee Prime, Metacartel Ventures, and other institutions.  Ambire has attracted attention from members of the DeFi space because of its all-in-one ecosystem. Its easy-to-use interface, coupled with having everything in one place, has made it become a DeFi darling.    New DeFi Wallets are Taking Over  The decentralized finance (DeFi) space is currently receiving attention from mainstream institutional investments. These corporate interests have dictated the evolution of the DeFi end-user experience.  A result of this trend is the new DeFi wallets that offer everything users want. And then some. Ambire has been able to bring to end-users a one-click solution without compromising safety and security.  Working off the Polygon Ethereum layer, Ambire has created a niche that makes DeFi fun for its users. It is a recent shift that shows how web3 developers are taking end-user experience into account. That is, besides all the stuff going under the hood.  It has also created a new paradigm. The average Joe and Jane can get on with wallets like Ambire. A simple sign-in process allows for a minimalist Know-Your-Customer (KYC) process.  Ambire has its Decentralized Autonomous Organization (DAO) too. Users get carried along in the governance process by voting using the $WALLET token and earn from staking its ADX Token. $WALLET token holders also earn from transaction fees generated from users. There is something for everyone as far as the Ambire ecosystem is concerned.    The DeFi Industry is Growing  The DeFi industry has had its ups and downs. We have seen incidents that have made many doubt the efficacy of DeFi to take its place. That said, it means that the DeFi space shall overcome these obstacles.  Ambire (formerly known as Adex) has had to overcome its internal obstacles to create a system that works. Its features allow for easy access to the ERC-20 ecosystem. All growing companies go through challenges.  Its gas-fee enhancement features allow users to pay minimally and experience efficient transactions. DeFi is moving toward the mainstream. And this journey requires understanding user needs. When companies meet these needs, adoption occurs. It is that simple.  With a focus on privacy for its ad network and on-ramp fiat access, the Ambire wallet is a product that will hold its own in the marketplace.   “This endorsement of Ambire Wallet is incredibly gratifying for our talented development team, who have worked tirelessly on a wallet that brings defi exposure to the masses,” said Ivo Georgiev, CEO of Ambire (formerly AdEx Network). “The funding will help us refine and market our feature-rich wallet, which we firmly believe the crypto market has been crying out for. The capital will also be used to expand the team, incentivize integrations and provide liquidity for our native token on decentralized exchanges.” With seamless end-to-end processes throughout the user onboarding, what more could anyone ask for? Except for more ERC-20 tokens, of course! The investment options available inside the wallet also allow users to grow their capital without exiting the ecosystem.  Todor Breshkov, the founding partner of LAUNCHHub Ventures, said concerning Ambire.  “While there are a great many cryptocurrency wallets in the defi landscape, Ambire’s latest product has huge promise, appealing to both newcomers and DeFi veterans,”  He continued. “Having already brought several impactful products to market, the Ambire team has our full faith and confidence.” As the world continues to look toward DeFi, we are already seeing real use-case scenarios that show that DeFi is not a fad.    DeFi is Going Mainstream  The DeFi space is becoming a part of popular culture. We see DeFi terminology and definitions become part of everyday language. It shows that the world accepts DeFi for what it is and not what they want it to be. With products like Ambire, this acceptance will increase and will grow exponentially.  Ambire also offers users a Secure Asset Fund for Users (SAFU). Even if something happens to user funds, there is backup available. The backup gets deployed to user wallets, and life goes on. DeFi is coming soon to a wallet near you, and Ambire will always be there to help you access your DeFi tokens. Safely, simply and securely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    02 Dec
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    Thetan Arena goes to number 1 in play-to-earn games on ... As the crypto bull market prepares itself for potentially the final leg to the blow-off top, blockchain gaming is jockeying for position to become the absolute tip of the spear in the bull run, and Thetan Arena is setting this trend by becoming the top play-to-earn app on the Apple App Store. Play-to-earn gaming has absolutely mind-blowing potential for the future of gaming in general. Everybody likes to play games, and the gaming sector has grown massively over the last decade. However, you factor in earning potential into your game and you are looking at spectacular adoption, as players start making gaming their primary source of income. You only have to look at Axie Infinity, a fairly simple game when you boil it down, but first mover advantage has enabled this game to grow into a $9.2 billion market cap ecosystem that draws in 121 thousand daily users that transact a daily volume of $51.5 million, according to Dapp Radar. Some say that Thetan Arena can grow to match Axie Infinity. It currently has a self reported market cap of just under $400 million, and a max supply of 420 million THG, the native governance token of the ecosystem. According to Coinmarketcap, the entire supply is already circulating. With a daily trading volume currently recording a value of $36 million, Thetan Arena is already more than half way towards Axie’s daily trading volume. You compare the two market caps and their respective trading volumes and even if maths isn’t your long suite, you can see that Thetan Arena has a whole lot more potential to grow. So what about the earning potential for the game? Rewards and earnings are paid out in Thetan Coin (THC), which is the other token in the Thetan Arena ecosystem - much like the Smooth Love Potion token (SLP) in Axie Infinity. According to a recent article on, a basic player can earn around $20 per day playing the game, with fairly minimal effort: “At the current price of $0.05903 per SLP, a basic player can earn around $20 per day with minimal (but diligent) effort.’ In order to have an idea of the earning potential of Thetan Arena, it would be good to see yesterday’s Hustlepedia YouTube video. This gaming expert is recording the income that he makes every day from playing the game. After the first two days he records a value of 290 THC, which equates to $183 at today’s THC price of $0.65.  He does say though that he did not use up his full quota of games on either day, but that to start with it is easier to earn the tokens. He says that as you level up and get better, you are playing better players and so therefore it becomes more difficult to achieve the wins. He says that his original outlay before starting the game, was for three characters. These cost him a little over $1000. So if he continues at his current earn rate, it will take him possibly 10 days to win back his initial outlay. The Hustlepedia gaming expert shares his strategy on the potential of the Thetan Arena game: “I will personally be looking to accumulate more heroes after this trial run, and during this trial run, to stack up heroes in preparation to scale up in a scholarship program, where my assets are being utilised by players who are actually earning in the economy, and using the game to play to earn.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    01 Dec
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    The Next Big Step For NFTs If somebody would’ve mentioned that the global crypto economy would blossom and become worth trillions of dollars just half a decade ago, the notion would not only be laughed at but the individual putting forth such a thought would be considered delusional. Fast forward to 2021 and we have already seen the digital asset market hit a market capitalization of $3 trillion, which is extremely impressive given that the industry is only a decade old. Not only that, in its brief existence, the sector has already achieved about 25+% of gold’s total net cap despite the precious metal having been used for many millennia as a store of value (SOV) and tradeable commodity. That said, of the many innovations that have arisen from within this fast-evolving space — such as stablecoins, decentralized finance (DeFi) — non-fungible tokens (NFTs) have arguably been the most prominent, with the combined cap of this somewhat niche’ market already having reached the $7 billion mark. However, before proceeding any further, it would be best to define what these offerings really are. In this regard, NFTs are essentially digital receipts representing ownership of any wide range of assets spanning from physical paintings, JPEGs, pieces of music, videos or even real estate. Due to their ability to help maximize owner revenue and earning potential — primarily via the elimination of financial intermediaries — NFTs have fast gained traction amongst a growing list of celebrities with prominent media personalities such as John Cena, Shawn Mendes, Paris Hilton (amongst many others) turning to these unique offerings in recent months. The NFT market needs even more transparency… Here’s Why Even though the NFT market has matured considerably since its inception, it is still, by and large, controlled by the whims of a select few platforms like OpenSea, Rarible, etc. In this regard, it bears mentioning that ecosystems such as OpenSea feature a heavy element of centralization as was made clear earlier this year when it came to light that one of the company’s employees was illegally making use of non-public, sensitive customer-related information to facilitate insider trading. In another somewhat similar episode, it was revealed that OpenSea’s native design featured certain intrinsic problems that could enable nefarious third-party agents to siphon off one’s crypto savings using malicious NFTs. Due to such issues, a growing army of crypto enthusiasts has been transitioning to alternatives such as Infinity, an all-in-one NFT marketplace that is designed to alleviate all of the aforementioned problems. In fact, solely from an operational and functional standpoint, it should be highlighted that Infinity offers users extremely low transaction fee rates (i.e. 1.5%) when compared with OpenSea’s 2.5%. If that wasn’t enough, to help bolster its growing army of backers, all internal fees collected by Infinity is transferred back to its community-controlled DAO — something that is in direct opposition to OpenSea’s financial model wherein the ecosystem keeps the profits and distributes it amongst its team. Make way for programmable NFTs Though heavily underutilized at the moment, the programmable nature of NFTs is fast making waves globally. This is because, by employing this particular aspect of these offerings, it is possible for NFTs to not only be transferred and held by others but also used as collateral and sold across various popular marketplaces. Additionally, they also help deliver a number of operational benefits such as programmable time locks, value-based unlocks, digitally controlled vesting schedules, etc to their respective owners.  If that wasn’t enough, programmable NFTs enable users to devise advanced index funds that are capable of delivering accurate data, all while being flexible in terms of their overall design and utilitarian setup. Infinity is fully compatible with these special kinds of NFTs, allowing users who may be looking for a highly decentralized crypto ecosystem to make a seamless transition.  Lastly, Infinity is looking to establish a DAO-controlled marketplace, protocol, and treasury that is governed solely by the whims of its ever-growing sea of community members who not only get to have a say in the platform’s day-to-day operations and overall development but also grab a share of the protocol’s financial success. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    01 Dec
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    Solana Surpasses Cardano And Ethereum As The Most Stake... Solana has experienced a stellar 2021, with a massive surge in popularity for the smart contract platform, rallying to new all-time highs after its blockchain saw significant growth in adoption, thanks to it garnering significant mainstream interest. The Ethereum Killer While many blockchains in the past have been dubbed as “Ethereum killers,” Solana is the blockchain living up to the name, competing strongly with blockchains such as Cardano and, of course, Ethereum. Solana has seen its market share increase significantly each week, as DeFi on Solana got off to a blistering start, with investors increasingly looking for cheaper alternatives to Ethereum zeroing in on Solana. Although Solana’s market share in the DeFi space is relatively small compared to Ethereum, it has become a significant player when it comes to staking. Solana Ramps Up Staking Until recently, Cardano held the distinction of being the network with the most staked cryptocurrency. However, with staking seeing a significant increase on Solana, the latter has become the network with the most staked cryptocurrency, moving ahead of blockchains such as Cardano and Ethereum. Staking has become one of the most popular avenues for investors to earn passive income, with assets such as ETH and ADA seeing a surge in popularity due to the networks offering significant and attractive yields to investors. Solana has eaten into this market, quickly becoming the go-to network for investors, offering some of the highest yields in the market when compared to blockchains such as Cardano and Ethereum. Highest Value Of Tokens Staked As of 23rd November, Solana has become the network with the highest value of tokens staked; the total value of the staked tokens has now crossed $84 billion, putting it ahead of leading blockchains Ethereum and Cardano, which previously held the highest value of staked tokens. Currently, Solana has around 77.37% of its total supply staked, offering an annual yield of 6.79%. In comparison, Cardano has around 70.5% of the total supply staked, with an annual yield of 5.71%, while Ethereum has a 6.85% stake with an annual yield of 5.2%. “Ethereum Killers” Seeing Increased Activity As competition heats up, there has been a significant increase in activity on blockchains such as Solana and Cardano. Ethereum is still the leader and sees the most activity in DeFi and NFTs, but blockchains such as Solana and Cardano have also seen a significant spike in activity. Cardano’s activity saw a significant jump in November, surpassing Ethereum in terms of usage, with the blockchain also expecting to launch its first DEXes. Activity on Solana has also seen a significant jump, with DeFi and NFT minting picking up considerably. New Greyscale Fund To Invest In Solana Digital asset manager Greyscale has announced that it will be investing solely in SOL as part of its sixteenth fund. SOL is Solana’s native token and has seen a surge during the current year, setting record highs. Greyscale has invested in several single-asset products such as Bitcoin, Basic Attention Token (BAT), Chainlink, Ethereum, Litecoin, Stellar Lumens, and several others. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

    01 Dec
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    xHashtag Intends to Bring a Billion Users to The Blockc... xHashtag, a decentralized autonomous organization plans to bring a billion users to the blockchain world. Users could be from any part of the world provided an internet connection is available. The basic requirement these users would invest in is time. Since the outbreak of the Covid-19 pandemic that disrupted activities of the world in 2020, labor markets have not been the same again. The immediate impact of the pandemic was severe: Millions of people lost their jobs, while others rapidly adjusted to working from home as offices. The impact further reduced the economic power of most nations as a number of well-paying jobs and industries folded up. Despite the abundance of internet facilities in the affected countries, most citizens could barely make ends meet.  Although the global pandemic caused a lot of physical businesses to crumble, it set the tone for a new future of work. A future where digital platforms play a major role in shaping how work is executed. xHashtag strongly believes in this concept. The project believes the digitization of work would upset traditionally established structures such as fixed work location, fixed work hours, and organizational hierarchies causing them to become redundant and obsolete. To achieve this, the company is building a new type of marketplace for new types of jobs. Users from all parts of the world can come to xHashtag, complete simple tasks, and earn money. The system has been designed in such a way that a user can add a new task and have it reviewed. This way, the company ensures it remains scalable in terms of the type of work to be done. "We expect to help at least 1000 Web3 projects in the next 3 years, and xHashtag could probably become a destination to earn full-time earnings for a lot of people and a platform with decentralized liquid workforce that is available to any entrepreneur on-demand without any commitments"-- said the CEO of xHashtag, Monica Durga. How it works for Users First, a stream of tasks is given to eligible users. After the completion of the tasks, users can send them for review. Once reviewed by the DAO, the rewards are sent to the users' wallet. Key Date for the xHashtag An important thing to note is that the xHashtag IDO launched on the 26th and 27th of November but the actual token, $XTAG, will start trading on the 30th November on leading cryptocurrency exchanges including and Team of Advisors Siddharth Menon - Founder of WazirX / Binance India    

    in 01 Dec
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