The metaverse isn’t merely tech jargon. It’s a whole new virtual reality, evolving rapidly to change lives and industries. Beginning as a sci-fi fantasy two decades ago, the metaverse has now become intertwined with modern life. The estimations of it being a $1 trillion revenue opportunity is thus no surprise. The excitement also gripped corporates recently, with the Facebook rebranding to Meta and launching metaverse-focused initiatives in 2021.
But above all, the metaverse is Web3’s poster child. It’s critical to the internet’s new era, leveraging technologies like blockchain, crypto, NFTs, and DAOs. Thus, quite naturally, its scope is expanding across domains. The sports sector, in particular, is witnessing a dramatic upheaval, with significant sporting events going virtual. Even VR-based sports gaming is quickly becoming a popular pastime among sports enthusiasts.
Many projects have already launched their NFT-based sports game. One such GameFi protocol is TopGoal. It’s a football fantasy metaverse with a built-in digital marketplace for fans to access official NFT-collectibles of their favorite players, clubs, and moments.
TopGoal’s association with Binance, football institutions, and world-famous players has made it a reputed metaverse project recently. And now, it has announced a strategic partnership with the Kakao-powered public blockchain, Klaytn, to expand its sports gaming ecosystem. Exploring the Asian Crypto Land
TopGoal’s collaboration with Klaytn explores cooperation opportunities in the football industry, leveraging the network’s strong influence across Asia, particularly in South Korea. Klaytn is the dominant blockchain in Korea, facilitating the Bank of Korea’s Central Bank Digital Currency (CBDC) initiative. Moreover, the platform is well-known for connecting with the nifty app, KakaoTalk, via its crypto wallet, Klip.
Klaytn adopted a bullish stance towards the metaverse, tailoring its solutions for metaverse-oriented use-cases. These include AAA-grade Play-to-Earn games, NFTs, and additional DeFi services. The platform is well-positioned to thrive in this space, given its governance council members’ expertise in blockchain, social networks, digital assets, gaming, and entertainment.
TopGoal and Klaytn jointly envision a framework to introduce a new dimension to the sports metaverse. The mission is to serve a prolific crypto market with friendly policies, high penetration, and entrepreneurship clusters, hoping to address a wider audience.
The partnership will involve launching co-branded Korean sports players certified IPs as Klaytn-based TopGoal NFT cards on OpenSea. Upcoming NFTs will, in turn, introduce novel utilities for Klaytn users through TopGoal metaverse.
Its extensive expertise in sports gaming, along with Klaytn’s clout throughout Asia, will open a door of opportunities for sports lovers.
Towards a Collaborative Web3 Ecosystem
The metaverse enables a plethora of new possibilities. While sports gaming is one application of this virtual environment, many others are up for exploration in the near future.
Besides prolific innovators, we are witnessing a steady rise in collaborative enterprises like the one involving TopGoal and Klaytn. The continuation of such trends is key to boosting mainstream adoption of the metaverse. And that will ultimately strengthen the foundation of Web3. A better world is thus around the corner.
5 Up-and-Coming DOGE Projects that Might be Worth Your Money
In the 2021 bull run, cryptocurrencies that played on the dog theme dominated the market. It all started on April 2nd, when Elon Musk tweeted “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” In the weeks that followed, Dogecoin – cryptocurrency’s original meme – skyrocketed from a meager $0.05 to a high of $0.75 on May 7th. That means a DOGE holder who had $100 of Dogecoin on April 2nd would have had $1500 less than a month later.
With the Tesla CEO incorporating DOGE into its accepted payments for merchandise sales and supercharging stations and suggesting that people who subscribe to Twitter Blue should be able to pay with Dogecoin, DOGE itself (approximately $0.08 at the time of writing) still has massive upside potential. But many feel as though they’ve missed out on the asset’s heyday. They’re looking for the next 10,000x that only comes from early adoption. These five dog-themed coins have the potential to do just that.
- Baby Doge ($BABYDOGE) is a deflationary token designed to become more scarce over time. They charge a 5% fee for each sale of the asset and redistribute that fee to Baby Doge Coin holders – meaning the longer you hold, the more you can earn. It’s worth noting that Musk himself tweeted about Baby Doge on July 1st 2021. Currently, Baby Doge sits at $263 million market cap.
- Dogelon Mars ($ELON) is a dog-themed project that seeks to outpace Dogecoin’s success. As the website says, “I am Dogelon. Dogelon Mars. Join me and together we will reach the stars.” The page refers to Musk’s vision of colonizing Mars – though the controversial billionaire has yet to mention the asset. ELON is currently ranked #126 on CoinMarketCap with a market cap of $267 million.
- Mini Doge ($MINIDOGE) started as a deflationary meme coin, but it’s since evolved into a Web 3 ecosystem complete with a play-to-earn adventure game that allows holders to earn NFTs and more tokens as they go. Mini Doge has a market cap of only $2.3 million.
- Pulse Doge Win ($PULSEDOGE) is a community meme token that was built on Binance Smart Chain with the intent of bringing adoption to PulseChain – a new layer 1 blockchain set to launch later this year. The website claims that those who hold PulseDoge on BSC at the time of PulseChain’s launch will receive an equal 1:1 airdrop on PulseChain. This means that if you buy the token now, you’ll get double for your money. PulseDoge has a $7.5 million market cap.
- Dogechain ($DC) is an up-and-coming layer-1 blockchain designed to give DOGE more DeFi utility. For a limited amount of time, $DOGE holders will be able to freeclaim $DC tokens when they bridge their DOGE over from centralized exchanges or other chains. Staking bridged $DOGE will yield $DC tokens over time, while staking $DC will allow users to earn yield, prizes, rewards, and voting rights on the Doge DAO. This means that buying $DOGE now could yield exponential gains when $DC launches. Additionally, the DogeChain team has been conducting a grand-a-day giveaway for the entire month of May. There are still a few days left to get involved.
2021’s epic bull run is over, but there will be another bull market, and people love their dogs. Dog-themed projects will continue to dominate the memecoin space for the foreseeable future. Will you 1,000x?
Phemex Mobile App Offers First Class Crypto Trading Even When You’re On The Go
Every crypto trader knows how frustrating it can be when there is an opportunity for a great trade but they aren’t by their computer. This is the reason why Phemex has launched its mobile app on both the Android and iOS platforms. The app offers a premium trading experience even when you are on the go. It is a powerful tool for making important market moves; all in the palm of your hands!
Unlike most crypto trading apps in the space, which offer clunky and hard-to-navigate UIs, the Phemex mobile app features an intuitive UI designed exclusively with the needs of the users in mind. It’s so simple to use that even beginners have no problem navigating through the app. It offers all functions a user might need including spot trading, deposits, trading bonus, derivatives markets, etc, all right on the Home Screen. This saves users the hassle of having to figure out where these features are.
The Best Of Crypto, All In One App
The Phemex mobile app offers everything that a trader can think of. It facilitates various types of trading accounts as well as one of the fastest and most seamless deposits and withdrawal options. For example, a user can simply click Deposits straight from the Home Screen, fund their wallets, and begin trading with no hassle. Instead of just offering an option to copy a wallet address for deposits, it also offers the option of simply scanning a QR code to make a deposit.
When it comes to trading activities such as shorting or longing for a digital asset, no one does it better than Phemex. The crypto exchange offers traders the option to long and short a single asset if they desire. On the cross-margin side, users can create sub-accounts from which they can easily transfer coins in and out. This protects the user from having their entire portfolio liquidated if a trade goes wrong since a sub-account is a completely different portfolio that is unaffected by the main account or other sub-accounts.
The app also features a crypto converter feature. What this does is allow users to be able to quickly convert any cryptocurrency into USD. They are also able to send the funds directly to the contract trading wallet, which makes Phemex one of the only platforms to allow this.
For contract trading, traders can easily access it by clicking the Contract button provided on the Home Screen. Users can also see all of the trading charts in this feature which they can use for asset analysis and trading decisions. It features a variety of order types including stop limits and other advanced trading options.
Why You Should Use Phemex
Using Phemex is one of the best decisions a crypto trader can make. It features a highly competitive fee structure alongside offering a wide range of token listings and deep liquidity for traders. Designed with the community in mind, Phemex provides quick order execution alongside its intuitive interface.
The crypto exchange is also putting on events and offers where traders are able to benefit massively. Trading competitions are held yearly where traders are able to share from a large prize pool. And that’s not all–Phemex users are able to benefit just by referring others to the platform thanks to our bonus reward referral system.
Using the Phemex mobile app keeps traders afloat on everything that is happening in the crypto market. It updates them on the latest news and events, as well as notifying them of what offers are live.
Traders should note though that certain tokens can attract high withdrawal fees. This varies based on the token. The Phemex derivatives market also does not carry the same level of liquidity due to the fact that it is still a relatively young exchange.
However, given the age of the crypto exchange, it is quite impressive the wide range of features and benefits it offers. It features an excellent and accessible customer support desk that is available 24/7 to handle any issues that traders might run into.
The exchange has since grown to more than two million active users across over 200 countries. With its mobile app, it provides even more access to crypto traders and investors, regardless of whether they are beginners or experts. It was the first major exchange to introduce an optional membership model for zero spot trading fees.
Phemex has been breaking barriers since its inception in 2019 and it does not intend to stop anytime soon.
For more info;
Download Phemex app on Android
Download Phemex app on iOS
Coinbase Is on a Downwards Spiral and Could Be Taking your Crypto with It
May has been an explosive month for cryptocurrency, with huge market crashes and the complete collapse of LUNA causing a massive downturn in average trading figures. To add to this news, Coinbase’s recent financial reporting release doesn’t shine favorably on the decentralized exchange.
With over 98 million verified users and billions in controlled assets, many thought of this institution as simply too big to fail. Yet, things aren’t looking good for Coinbase, with their recent announcement suggesting that they may soon have to file for bankruptcy.
To make matters worse, due to the lack of regulation within decentralized systems, if Coinbase fails, all of the money on the platform that was invested by users into cryptocurrency may also be hanging in peril. This could technically mean that millions of Coinbase users around the globe may lose access to all of the money they’ve invested in cryptocurrency.
A huge part of what’s causing this situation to spiral so quickly is the fact that the US government has not had to deal with a cryptocurrency exchange going bankrupt, meaning a whole plethora of financial and legal questions have begun to arise.
Commenting on this possibility, a Georgetown University law professor that specializes in bankruptcy, Adam Levitin, speculated, “What happens to a customer if an exchange files for bankruptcy?” Going on to answer his own question, “It ends very badly for customers.”
Levitin’s comments further add to the general sense of unknowing, with several experts all having different opinions. Although Brian Armstrong, the CEO of Coinbase, said on Twitter that user’s funds would be safe, there is actually very little clarification around if this is true, and the extent to which users would be able to sell or transfer their funds if the whole exchange where to go bust.
This situation became even more drastic earlier in May, when Coinbase announced its first-quarter earnings for 2022, with over $430 million in losses and a monthly user drop of nearly 19%.
Following their earnings report, Coinbase stated that “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.” Much like Levitin speculated in April, this would mean that users become unsecured creditors, essentially losing any right to claim their own invested money if the company were to officially file for bankruptcy.
How Can I Secure My Cryptocurrency?
The world of cryptocurrency is (rather ironically, in this case) founded on the principles of ownership and moving beyond centralized systems. While this offers a huge range of benefits, it also means that cryptocurrency exchanges are not secured by the FDIC’s protection deposits. Normally, if a banking system were to fail, its users are protected for up to $250,000. This simply isn’t the case with crypto exchanges.
There are a range of personal wallets that users can turn to, transferring their exchange-centered wallets to a system where they will always have access. The vast majority of these wallets are accessed by using a browser extension, providing an easy way of accessing them when online.
However, many users that haven’t used a personal wallet before may find this process confusing, especially when trying to transfer their funds from an exchange. Equally, browser extensions are notoriously unsafe, as they lack a large amount of regulation that other platforms have to surpass.
Due to the mix of ease and providing a more secure way of holding your cryptocurrency, other services have arisen that aim to provide crypto-beginners with a more straightforward way of creating and using a personal wallet. Ambire is one of these.
By creating a web application, Ambire has none of the same security risks as a browser extension, providing users access to multiple networks like Ethereum, BSC, Avalanche, Polygon, and more without any hassle.
If you’re looking to rapidly transfer your cryptocurrency funds off major decentralized exchanges and onto a personal wallet, then services like these are by far the easiest way of doing so. Equally, once you’ve collected all of your cryptocurrency, NFTs, and other digital assets from across the different DEXs that you’re using, you’ll then have one go-to location where you can get an overview of everything.
Not only does getting a personal digital asset wallet ensure that your funds are safe if the DEX that you’re using goes bankrupt, but it also boosts the convenience of crypto and NFTs, having absolutely everything in one location.
While the decline of Coinbase is a point of worry for cryptocurrency investors, this event has also made investors around the globe realize that they need to be more careful about how and where they’re storing their digital assets. No matter how much someone has invested into cryptocurrency, if they’re doing that investing from a wallet hosted on a decentralized exchange, then their accounts will be treated as collateral of the service they use.
Those interested and invested in blockchain should take the case of Coinbase as a warning and start to take preventative measures to secure their investments. By opening up a personal wallet, you’ll be able to have complete ownership of any investments that you make, ensuring that your money stays in your wallet and in your control.
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