In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of Nov 27. Our focus will be on the following developments:
- Magic Eden Launches its Cross-Chain Wallet
- TON x Animoca Brands
- DeLabs Roadmap Revamp
- Farcana x Animoca Brands
- Potalcoin: The New Buzz Word on CT
Magic Eden Launches its Cross-Chain Wallet
Magic Eden has taken a significant stride forward with the introduction of its groundbreaking cross-chain wallet. This innovative tool is designed to cater to both Magic Eden users and cross-chain collectors, ushering in a new era of inclusivity and user-friendly interactions within the NFT ecosystem.
Currently in closed beta, the Magic Eden Wallet has already generated positive feedback for its user-centric design and seamless features. The key aspects that make this cross-chain wallet a game-changer for NFT enthusiasts:
- Cross-Chain Compatibility for 4 Chains
- Self-Custody
- Bridge Assets for Cross-Chain Swaps
- Fiat-On-Ramp
- Portfolio Tracking Across Multiple Chains
While the Magic Eden Wallet is currently available for the Google Chrome browser, the platform has ambitious plans for expansion. As per Decrypt, Magic Eden is actively working on versions for Safari and a dedicated mobile app, aiming to reach a broader audience of NFT enthusiasts. In addition to this, more comprehensive details about the wallet’s functionalities and features are slated to be revealed in early 2024, following the completion of the beta testing phase.
TON x Animoca Brands
TON has orchestrated a groundbreaking partnership with Animoca Brands, unleashing a wave of potential that promises to reshape the landscape of GameFi. This alliance, born out of meticulous research and a shared vision for the future of Web3, signifies a pivotal step towards enhancing user-friendliness and scalability within the TON ecosystem.
At the heart of this partnership lies a commitment to enhance the user-friendliness of TON-based dApps. The collaborative effort aims to create an environment where navigating and interacting with TON dApps becomes intuitive, fostering a more inclusive user experience. Simultaneously, the partnership seeks to leverage the inherent scalability of the TON Blockchain, recognizing its pivotal role in community growth and aligning seamlessly with the overarching vision of the TON Foundation.
One notable project arising from this partnership is TON Play, an ambitious gaming infrastructure initiative. TON Play is poised to revolutionize game development by seamlessly integrating games onto the Telegram platform. This not only simplifies the development process for game creators but also taps into the extensive user base of Telegram, providing a unique avenue for game distribution and fostering unparalleled player engagement.
Furthermore, Animoca Brands is exploring the possibility of porting some of its 400-plus Web3 projects to Telegram, further enriching the platform’s offerings. Read more on this here.
DeLabs Roadmap Revamp
The DeLabs ecosystem, which exploded during the last bull market, has seen its fair share of ups and downs in the bear market, especially considering the last few changes that have sent the project to take a downturn. Now, with the latest developments, both projects within the community are undergoing substantial changes under the direction of Frank DeGods.
Frank has unveiled a series of pivotal changes through his recent posts on X/Twitter that are set to redefine the trajectory of both projects within the ecosystem. Some of the notable developments include:
- End to Points Parlor – In response to community dissatisfaction and system issues, the Points Parlor feature for DeGods and y00ts is set to be discontinued.
- DeGods Season 3.33 – To reignite interest and engagement within the DeLabs community, both the DeGods and y00ts collections are set to undergo an artistic upgrade.
- Introducing DeTox – A mobile app designed to simplify user interactions with DeGods and crypto content on Twitter.
- Launch of De-Id – An identity system that seamlessly integrates both on-chain and off-chain activities.
- IRL Events – Placing a strong emphasis on real-world connections, with plans to organize over 100 community events and establish hubs in major cities.
- BTC DeGod – Assembling a Bitcoin Ordinals team to spearhead BTC DeGod. This ambitious endeavor marks an exploration of synergies between the DeLabs ecosystem and the broader cryptocurrency landscape.
- President Vacancies – In a bid to bolster the leadership structure, DeLabs is actively seeking Presidents for y00ts and DeGods.
As DeLabs unfurls its roadmap revamp, the community awaits the realization of these pivotal changes. Read more on this here.
Farcana x Animoca Brands
Farcana, a UAE-based gaming startup, has orchestrated a groundbreaking strategic investment deal with Animoca Brands. This collaboration not only propels Farcana into a new phase of development within the Bitcoin Ecosystem but also sets the stage for driving Web3 gaming adoption in the Middle East and North Africa (MENA) region.
Yat Siu, the Co-Founder and Executive Chairman of Animoca Brands, expresses profound satisfaction with the enduring collaboration with Farcana. From Siu’s perspective, the investment signifies more than a financial transaction, as it symbolizes a pivotal step towards propelling Web3 development in the MENA region. Siu’s sentiments underscore the strategic foresight and long-term commitment that Animoca Brands brings to the partnership.
IIman Shazhaev, Founder and CEO of Farcana, echoes the transformative impact of the deal with Animoca Brands. Beyond the infusion of capital, the collaboration has spurred a comprehensive restructuring of Farcana’s tokenomics, advancements in the in-game economy, meticulous documentation, and a refined go-to-market strategy. Shazhaev’s vision extends beyond the immediate financial support, focusing on the holistic growth and maturation of Farcana as a pioneering player in the Web3 gaming space.
As Farcana embarks on its beta launch and further development within the Bitcoin Ecosystem, the gaming community eagerly anticipates the unfolding narrative. Read more on this here.
Potalcoin: The New Buzz Word on CT
A new buzzword has taken center stage on Crypto X/Twitter—Potalcoin. This phenomenon is linked to Portal, a project garnering attention for its ambitious goal of ushering a billion gamers into the world of Web3. The platform’s surge in popularity has become a hot topic, although with a distinctive twist—Degens flocking to farm points for its upcoming token launch, set to unfold in the coming weeks.
Central to Portal’s grand design is its native token, $PORTAL. Positioned as the cross-chain gaming coin, $PORTAL is conceived to bridge games across different blockchain networks. The upcoming token sale of $PORTAL promises an opportunity for participants to partake in farming Portal Points, a vital component in the allocation of the $PORTAL airdrop planned by the project team.
As per Decrypt, to qualify for the airdrop points, users are encouraged to actively participate on Twitter. The process to farm Portalcoin involves:
- Connect to Crystal Dash – Users are asked to link their Twitter accounts to the official Crystal Dash website, establishing a direct connection to the Portal ecosystem.
- Earn Points – Points become the currency of engagement. Users accumulate these points by creating content related to Portalcoin, including memes, text posts, and interactions with fellow users.
- Level Up – Increasing levels unlock additional rewards, such as crystal shards, which can be fused to obtain tradable crystals for the $PORTAL airdrop.
Note: There is no specified timeline for the airdrop, and Portal has not disclosed the blockchain or blockchains on which the token will be implemented.
