🧘‍♂️ALERT: Hot Crypto Opportunities

Market Meditations | November 23, 2021

Nobody Talks About This!

Dear Meditators

Headlines can be big and catchy. They can help us spot big trends too. Sometimes, however, certain trends and gems don’t make it to the front pages. 

❌ Opportunities are missed. 

Avoid this by reading our daily newsletter, we cover ALL crypto gems and opportunities. Even the hidden ones. 

Today’s Meditations: 

  • ? Hidden Gem: Binance NFT Games & Projects 

  • ? Let’s Talk Macro: What The New Fed Chair Means For Crypto 

  • ? Musical Crypto Puzzle

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Our Market Meditations are longer format educational segments. Each letter features a Market Meditation which will deep dive and analyse a relevant crypto event, theme or tool. 

▶ Gaming the System

It’s no secret that NFT gaming is on the rise. Games on blockchains like Ethereum (Illuvium) and Solana (Star Atlas) have snagged some high-profile coverage lately. But with 14.7 million transactions in a single day, Binance Smart Chain (BSC) deserves some attention. 

The gaming ecosystem on BSC is healthy and growing. Games like CryptoMines and Bomb Crypto are sustaining hundreds of thousands of users monthly. Add in promising new projects like Metagods and Gunstar, and it’s obvious BSC is loaded with opportunities to play, earn, and invest. 

MetaGods is a play-to-earn 8-bit action RPG still in early stages of development. Focusing on the gaming experience while utilizing NFTs to enhance player ownership and add considerable value to the title. 

? World Boss

Alien Worlds is a browser-based game on the BSC blockchain. A click-to-play title, it currently focuses on resource-gathering and macro strategy but is continually evolving as development continues.

  • Alien Worlds is completely free to play, with every player receiving everything they need to begin mining Trillium (TLM), the game’s native token. 

  • Land ownership is a large part of the game, giving players the potential to earn passive income by claiming a commission on each transaction conducted on their parcel.

  • Alien Worlds is also being actively developed, moving toward a future including combat, more governance options and deeper land ownership and exploration systems. 

?‍? Items and other assets in Alien Worlds use the Worldwide Asset eXchange (WAX) blockchain, which is specifically designed for trading virtual items in games and metaverses. WAX recently saw significant upward price movement, briefly nearing the $1.00 mark. 

‼ Incoming

GunStar is another game operating on Binance Smart Chain showing some serious promise. With an upcoming IDO set to kick off tomorrow, this project is ambitiously intertwining play-to-earn NFT mechanics with one of the most popular gaming genres of all time. 

  • Gunstar is a turn-based 2D artillery game that pits opposing teams against each other.

  • Gunstar’s initial game offering (IGO) on their native launchpad will take place tomorrow. More details here: Gunstar IGO.

  • The game will comprise four modes: Single and cooperative PvE and PvP options.

  • Pets are an integral part of the game, with a myriad of options for upgrades and customization.

?‍?The GST token offered in the game’s IGO will be used for staking, governance, and NFT transactions across the game.

Ethereum and Solana have kind of stolen the show with major titles eating up the headlines. But the numbers don’t lie, and the projects speak for themselves. BSC has a strong presence with impressive momentum. 

Whether for games or the gains, Binance is full of opportunity. 

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? Share The Royal-ties

Royal, the NFT music tokenization platform launched by DJ and entrepreneur Justin “3LAU” Blau, has just closed a series A funding round. 

But how much did they raise?

  1. $45 million

  2. $50 million

  3. $55 million

? All’s Well Fed

The money printer may continue to go brrrr…over the next few years. 

Yesterday, President Biden renominated Jerome Powell to be the Federal Reserve Chair for the next four years. But what is the Fed Chair and what could the impact on crypto be?

Here’s a summary:

  • The Fed Chair is the boss of the U.S. central banking system, and has a major influence on how much money is ‘printed’ and how inflation is responded to.

  • A classic response to high inflation is to raise interest rates, which theoretically should slow economic activity down and help lower inflation.

  • Bitcoin is seen by many as a hedge against high inflation, although it has thus far not completely decoupled itself from traditional markets.

  • Both Powell and his peer Lael Brainard believe that crypto shouldn’t be allowed to grow unchecked without some form of digital asset regulation. However, both are also seen as more tolerant of inflation, which could help Bitcoin if it does decouple.

  • In the past Powell has likened Bitcoin to ‘digital gold’ and a ‘speculative resource’ rather than a replacement for the dollar, due to its instability, unpredictability and not being backed by anything. 

One of the Fed’s preferred inflation metrics, the Personal Consumption Expenditures (PCE) price index, is released tomorrow and will give fresh insight as to whether people are continuing to pay more for their goods and services compared to last year or not, and may be a factor in Bitcoin’s price movement this week.

3. $55 million

The funding in this round is a whopping $55 million! Here are the key details:

  • Royal is a platform that divides song royalties into tokens that all manner of people can buy, sell or trade.

  • Justin “3LAU” Blau, has over 3x his last investment round less than three months ago that brought in $16 million. 

  • This round is led by Andreessen Horowitz (a16z) but also includes Coinbase Ventures, Paradigm and the Performers, The Chainsmokers and Nas.

For those who are unfamiliar with music royalties, they are copyrights for a specific song or sheet music (usually owned by the songwriter). And each time a song is played, bought or streamed those with the copyrights get a small fee.

Historically royalties have been owned by one person, so it will be interesting to see if this new platform takes off. We certainly will be keeping a close eye on it. 

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??‍♂️✍️ Stories in this newsletter were written by Kyle F., Isambard FA, Nick T., Max P., Kimia K., Ellen B. and Koroush AK. Graphics were produced by Gerasimos P.

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