Digest (6 Dec 2021 - 12 Dec 2021)

2253

 

Project events

 

Ubisoft

 

Ubisoft has become first major game company to launch NFT inside a AAA title The publisher of Assassin's Creed and Just Dance today introduced Ubisoft Quartz, a platform that allows players to earn and buy in-game items, NFT on the Tezos blockchain.

Quartz will be the first to launch a PC version of Tom Clancy's Ghost Recon Breakpoint, the latest online game in the long-running tactical shooter series.

 

SushiSwap

 

Former members of the SushiSwap team claim that a key developer was kicked out of the project, causing others to follow suit. Because of this mudslinging, SushiSwap CTO Joseph DeLong threatened to quit if the current team didn't get more support.

 

SingularityDAO

 

SingularityDAO is integrating 1inch Network to optimize its DynaSet product.

DynaSets are dynamically balanced token baskets driven by artificial intelligence, similar to hedge funds in traditional finance.


Rekt

 

Badger protocol lost $120M in frontal attack.

 

Gitcoin

 

Gitcoin launched the 12th round of grants for projects (you can donate to your favorite projects and possibly get an airdrop in the future).

 

Adidas

 

Adidas partners with @BoredApeYC @gmoneyNFT @punkscomic and jumping into the meta universes trend (no details yet, just a separate page).

 

QANplatform

 

@QANplatform, first level hybrid blockchain platform resistant to quantum attacks integrated with BandProtocol, a decentralized oracle service.

 

$UST-Wormhole

 

The new $UST-Wormhole pool at @ConvexFinance has been launched. This is a pool that will be boosted in the case of Agora's recent offer to increase the liquidity of @wormholecrypto.

 

Messari

 

Analytics company Messari launched new product Messari Governor, which provides seamless participation in protocol and community management using Web 3.0 data and tools. The platform will aggregate all votes and their execution process into a single user-friendly interface. Balancer Labs announced that reserves in LBPs pools hit an all-time high in November 2021 following the implementation of the Balancer-Gnosis protocol.

 

Balancer Labs

 

Balancer Labs заявили что в ноябре 2021 года резервы в пулах LBPs достигли исторического максимума после внедрения протокола Balancer-Gnosis.

 

Chainlink Labs

 

Former Google CEO joined Chainlink Labs as strategic advisor.

 

BlockchainSpace

 

Game guild project BlockchainSpace announced details on the sale of its $GUILD token.

 

Highlights of the week

 

 

 

 

Events for the coming week

 

 

 

 

 

 

Funding

 

 

Metrics

 

10 effective coins of the week.

 

The assessment combines altcoin's price performance relative to bitcoin and social activity indicators.

 

 

Grayscale Fund Portfolio Dynamics

 

 

Bitcoin Metrics

 

 

This model views bitcoin as a commodity comparable to commodities such as gold, silver, or platinum. These commodities are known as "stored value commodities" because they retain their value over time due to their relative scarcity.

For commodities of value, such as gold, platinum, or silver, a high ratio indicates that they are not primarily consumed for industrial purposes. Instead, much of it is held as a cash hedge, resulting in a higher stock-to-flow ratio.

A higher ratio indicates that the commodity is becoming increasingly scarce and therefore more valuable as a store of value.

 

 

How can I look at the chart?

 

In the above chart, the price is overlaid on top of the stock-to-flow ratio line. We can see that the price continues to follow bitcoin's stock-to-flow ratio over time. Thus, the theory suggests that we can predict where the price might go by observing the projected stock-to-flow ratio line, which can be calculated as we know the approximate timeline for bitcoin production in the future.

The colored dots on the price line of this chart show the number of days until the next bitcoin halving event (sometimes called "halving"). This is an event in which the reward for mining new blocks is halved, meaning miners get 50% less bitcoins for checking transactions.

 

 

Bitcoin reserves on exchanges continue to decline. The recent correction was a confirmation of this phenomenon. The market is now in uncertainty and fear, and many coins have declined to interesting buying levels.

 

 

 

Funding Rates

 

Positive funding rates imply that speculators are bullish and long-traders pay funds to short-traders. Negative funding rates imply that speculators are bearish and short traders pay funds to long traders.

 

 

 

P.S. Funding rates (0.01%) are black, this is a neutral situation. Funding rates (below 0.01%) - green, this is a bullish situation. Funding rates (above 0.01%) are red, it is a bearish situation. The stronger the bearish or bullish sentiment, the darker the color.

 

Off chain data

 

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