🧘♂️Making Big Bucks In Space.
Over 91,000 people are ready.
🛸 Is it possible to play an adventure game where you are a survivor of an intergalactic spaceship crash and make serious money at the same time?
✅ The answer is yes, for humans and aliens alike. We explain how in today’s newsletter.
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⏰ In A Rush?
Here’s what we think you need to know about crypto today:
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.
🐉 In A Galaxy Far, Far Away
You’re stranded. On a ruined planet. Plagued by erratic weather events. One of the few survivors of an intergalactic spaceship crash. What hope is there for you? You have some technology that allows you to capture the native fauna of the planet - Illuvials. And make no mistake, these are powerful beasts with potent abilities.
Your only chance is to capture and control them. Unlocking new areas of the planet as you go along. Your fate is in your hands. Perhaps you will leverage the raw materials on the planet to craft weapons and armour; for only the finest tools will allow you to capture the rarest Illuvials.
This experience is brought to you by Illuvium:
Illuvium is a Play-to-Earn game currently in development in the RPG genre.
Unless you’re living under a rock (an Ether rock if you’re lucky) you’ve probably heard of the colossal movement that is Play-to-Earn.
Empowering gamers and creative people alike to turn their hobby and passion into a career; a 6 or 7 figure career in some cases.
A successful capture of an Illuvial results in a new NFT token representing the Illuvial being minted and stored in your wallet. When you manage to capture a few of the same type, you fuse them together, which burns the existing tokens and mints a more powerful creature.
Illuvium is separated into two distinct game modes:
1️⃣ Open-world RPG
2️⃣ Battle Arena
At launch, only the open-world mode of the game will be open, with battle arenas following soon after. Players will be able to explore an open world and capture Illuvials (Pokemon-like beasts), which can then be formed into teams and tested in PvP arena. Iluvium will launch on PC late 2021 with a Mobile version following in 2022.
Here’s what we know so far:
Key highlights of the game focus on governance models, economy, and groundbreaking visuals for the blockchain gaming genre.
Illuvium is rapidly gaining momentum and is the beneficiary of a huge community and online following. Their discord server boasts 91,000+ members at time of writing.
The team currently comprises over 100 people. Making it amongst the largest staff in the blockchain gaming industry.
The game utilizes two forms of tokens: $ILV and sILV. $ILV has no in-game use. sILV is an in-game currency synthetic token pegged to $ILV. $ILV token holders can stake their tokens to earn $ILV or sILV.
Prior to launch of the game, $ILV holders may choose to stake $ILV to access the liquidity mining program (a type of ‘yield farming’ that has become popular with DeFi protocols where the founding teams seek to decentralise the governance of the protocol).
Ready to learn and earn more? Then tune into our podcast with Kieran Warwick, co-founder of Illuvium. We’ll be sharing this podcast via our newsletter tomorrow. Make sure you’re a free subscriber to the Market Meditations newsletter to receive it.
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⚽ More Crypto-Football Sponsorships?!
Which football team has signed a $100 million sponsorship deal with Zytara Labs?
⚠️ This Prank(sy) Went Too Far...
A couple of months ago it seemed like the sky was falling. Crypto was no longer cool and we were in a bear market. With the recent resurgence in everything crypto, we must be wary of scams! Without precautions, crypto enthusiasts are being taken advantage of! Just yesterday, a British collector bought a fake Banksy NFT for $340,000!
A British collector, better known as Pranksy, got scammed when he thought he was buying an original Banksy NFT. For those not aware of Banksy, his art goes for millions of dollars. This should have been the first red flag! Lucky for the British collector, the $340,000 was returned to him! He later said that “The refund was totally unexpected... I think the press coverage of the hack plus the fact that I had found the hacker and followed him on Twitter may have pushed him into a refund.”
Chainanalysis’ recent report tells us where most crypto scams are happening around the world. So where are they happening?
Scams are occurring primarily in Africa and Eastern Europe.
Most illicit crypto transactions are tied to scams.
Typically certain web traffic will be redirected to scam websites.
Scammers have received significant amounts of money with ransomware.
We must all do our due diligence to make sure we are not partaking in a scam. We must always remember that in crypto, once the transaction has been posted to the blockchain, it is virtually impossible to get a refund. Always remember: if it is too good to be true, it most likely is!
2. Inter Milan
Here we see yet another football team signing up for a sponsorship deal with a crypto company. This sponsorship comes from Zytara Labs, a company that builds both platforms and products on different blockchains to both sell and create NFTs. Since their partnership has been announced, Zytara plans to help Inter Milan improve the club's mobile application. This includes the ability to use Zytara to add not only crypto banking capabilities, but to also have access to crypto based products. This is reportedly a long term partnership with the current contract spanning three years.
🌎🧘♂️✍️ Stories in this newsletter were written by Misael Calleja, Kyle F., Nick T., Max P., Kimia K., Ellen B. and Koroush AK. Graphics were produced by Gerasimos P.
Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here.
Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.