In this recap of the crypto world, let us explore the events and news that had the most significant impact in the past week. Our focus will be on the following developments:
● Memecoins Frenzy
● PixelPals: Pixelmon’s Hyper Casual Game is Live for Public Access
● Wormhole Launches $W Airdrop Details
● Yuga Labs Launches Closed Beta of Dookey Dash Unclogged
● Cross the Ages x Ubisoft
Memecoins Frenzy
In what was anticipated to be a season dominated by Bitcoin’s halving hype and ETFs euphoria, the cryptocurrency market has taken an unexpected turn towards Memecoins. Over the past week, these digital tokens, characterized by their humorous and meme-inspired nature, have seen remarkable gains, with $DOGE, $SHIB, $BONK, $FLOKI, $WIF, and the spotlight-stealer $PEPE experiencing significant surges in value.
The Memecoin surge has been nothing short of impressive, with $DOGE leading the way with a surge of over 100%, followed closely by $SHIB and $BONK, which gained over 200%. The standout performer, $FLOKI, reached a staggering 300% increase, while the relatively newer player, $WIF, soared over 200%. $PEPE, in particular, has captured the attention of investors, registering an astounding 400% weekly gains. The heightened trading volumes for $PEPE indicate a surge in investor interest, further fueling the Memecoin mania.
As Memecoins continue to ride high alongside Bitcoin’s movements, it is crucial for investors to exercise caution and understand the dynamics at play. It is important to note that many, if not all, Memecoins lack intrinsic value, and investors often perceive them as high-risk, high-reward opportunities for quick gains. So, even though it might seem enticing, it might just be wise to do your due diligence before jumping in a trade with these coins, and always invest what you are okay with losing. Read more on this here.
PixelPals: Pixelmon’s Hyper Casual Game is Live for Public Access
Pixelmon, the rising star in Web3, has officially launched the much-anticipated PixelPals to the public. With global access now granted, PixelPals is causing a stir with the announcement of a whopping $142,000 in prizes up for grabs during its launch season, all while enticing players worldwide to delve into the game and seize the opportunity for the upcoming $MON airdrop.
The game seamlessly blends pet and land management with card dueling and promises players an unprecedented gaming experience. As users actively engage in nurturing their habitats, participating in farming activities becomes a crucial aspect of boosting their Habitat Value.
Moreover, PixelPals introduces an intriguing mechanic called Farm-2-Farm (F2F), designed to maintain player engagement throughout the launch season. Players can farm and enhance their habitats, increasing their Habitat Value, which directly influences the distribution of $MON rewards. However, it is important to note that all participants in the season will be eligible for $MON rewards, regardless of their ranking.
PixelPals, armed with its enticing prize pool and innovative mechanics, stands on the brink of attracting a substantial player base in its launch. The anticipation is further fueled by the prospect of airdrop farmers diligently accumulating points for $MON tokens, turning PixelPals into a hotbed for eager participation.
Wormhole Launches $W Airdrop Details
Wormhole has set the stage for a major event with the launch of its native token, $W, through an eagerly anticipated airdrop. Renowned as a prominent interoperability platform powering multichain applications and bridges, Wormhole has amassed a considerable following in the Web3 space, and the $W airdrop is generating considerable excitement among enthusiasts.
As per the details, the $W airdrop is poised to reach approximately 400,000 unique wallets falling under the “community and launch” category, signaling a commitment to inclusivity in the distribution of tokens. A substantial reserve of 600 million $W tokens has been allocated for these users, underscoring Wormhole’s dedication to rewarding those who have actively contributed to the platform’s growth.
The eligibility criteria for the $W airdrop were determined through a snapshot taken on February 6, 2024, prioritizing users with significant engagement within the Wormhole ecosystem. On-chain activity played a crucial role in this evaluation, considering factors such as the length, volume, and consistency of use, as well as active community participation.
To streamline the process for participants, Wormhole has introduced an airdrop checker. By connecting their wallets, users can conveniently review potential rewards and seamlessly use the same interface for claiming their $W tokens. In addition to this, if you are a Phantom wallet user, just log in to check for notifications or banners showing your eligibility and the amount for the $W airdrop. You can also confirm your allocation using the official $W airdrop eligibility checker in Phantom Explore. Read more on this here.
Yuga Labs Launches Closed Beta of Dookey Dash Unclogged
In an effort to gain mainstream adoption and involve millions of gamers in its ecosystem, Yuga Labs is looking to re-introduce its endless runner game – Dookey Dash. Coming back with some new upgrades and features, the game was launched in its closed beta and is expected to launch soon to the public.
Dookey Dash: Unclogged (DDU) presents a fresh take on the endless runner genre, challenging players to navigate a high-speed vehicle through the sewers of the city in pursuit of securing the coveted top spot on the leaderboard. The game promises an engaging and immersive experience, coupled with the thrill of competing for the highest score.
Available for free download on iOS, Android, Mac, and PC, DDU caters to a wide audience. Additionally, the game offers optional in-app purchases, allowing players to enhance their gaming experience and further immerse themselves in the thrilling world of Dookey Dash.
As per the announcement, the Closed Beta of Dookey Dash: Unclogged will be a three-day Tournament, featuring a formidable roster of 10,000 participants. This includes previous alpha testers, Yuga Labs Gaming Council members, brand ambassadors, influencers, and advocates carefully chosen by both Yuga Labs and Faraway. The tournament boasts an enticing MAYC NFT as the grand prize, as well as three $5000 USDC Bug Bounties.
However, it is important to note that participants are reminded to complete the Know Your Customer (KYC) process to claim their prizes, underscoring Yuga Labs’ dedication to maintaining the integrity and fairness of the tournament.
Cross the Ages x Ubisoft
In a groundbreaking collaboration, Ubisoft, a prominent player in the global gaming industry, is teaming up with the Ethereum NFT card game, Cross the Ages. This partnership aims to inject a fresh wave of innovation into the gaming landscape by introducing in-game cards inspired by Ubisoft’s acclaimed Watch Dogs series.
According to the announcement, a grand reveal is set for April 3rd, 2024. This collaboration is positioned to introduce 24 iconic characters from the Watch Dogs franchise into the dynamic world of Cross the Ages. Renowned figures such as Aiden Pearce, Clara Lille, and Marcus Holloway will make their mark in this novel fantasy universe, captivating the imaginations of players around the globe.
It is important to highlight that Ubisoft’s foray into the Ethereum NFT card game arena not only marks a significant moment in the gaming industry but also underscores the growing trend of traditional gaming giants exploring vast opportunities within the crypto world. As the collaboration takes center stage, it ignites curiosity about the potential ripple effects in the industry. It would be interesting to see how this develops and what other Web2 giants follow suit.
