5 crypto predictions for second half of 2022 - cyptoranking.com

2024-05-09

Popular crypto exchanges(2023 Update) 2024-05-09
Image: cyptoranking.com

Fee: Finally, with investment in Web3 down significantly so far this fiscal year in the wake of various crypto scandals and collapses, how does the industry regain momentum? Source: metacene.ioMetaCene, the next-generation blockchain MMORPG, is a highly-anticipated game that has been built in China for nearly 2 years and $5 million - and it may soon come out.According to the team behind the game, MetaCene is building a "homeland for mass players." It will take users into a post-apocalyptic society where survivors interact with six primary in-game non-fungible token (NFT) types to "redefine civilizations." It pioneers player-centric entertainment, governance, and creation through its technology infrastructures, social guild decentralized autonomous organization (DAO) governance, and in-game editors, it said.The team added that,"Capturing the true essence of Web3, we transcend the ordinary by seamlessly combining the AAA aspirations of Web2 gaming with the revolutionary technologies of AI and blockchain." Per the roadmap, the team plans to conduct the second alpha test and launch the mainnet blockchain in Q3 this year.In Q4, they expect to launch the commercial version 1.0, followed by version 2.0 in 2024.Bloomberg argued that investors and crypto game makers are looking for a way to build a game "that doesn’t look like a vessel for sketchy financial speculation." According to creator Alan Tan,"The notion was that gamefi players were in it just for the money but not for the fun. But that was just because developers opted to focus on the ‘fi’ but not the ‘game’."Per Blomberg, MetaCene "has a long way to go, but the early reception shows that a solid game with a crypto element is better than a crypto economy with a game attached to it."Taking Transaction Cut, Planning to Raise MillionsMetaCene was founded in October 2021 by gaming veterans, with more than two decades of industry experience from Shanda Games, Blizzard, Perfect World, and others. The team, led by Alan Tan, includes Cary Chen, Lion Cheung, Owen Fung, and Last Chan.In August, MetaCene announced its alpha test as a limited-time event to allow players to explore three main areas of the game's world, meet each other, form guilds, complete quests, and earn rewards. Of the 2,961 players, some 90% engaged in Player vs Player (PVP) combat, the team said after the test was concluded. Players collectively played 461,916 minutes, made USDT 6,166 in transactions, and created 1,225 new addresses."It’s free-to-play, and some elements will feel like cash grabs," Bloomberg said. Also, the company will take a cut of each crypto transaction between players. It plans to raise an additional $8 million from venture capitalists to support development.The company is currently looking for game ambassadors.In August, the team announced the launch of its interactive user engagement system, the Metropolis Sentry, allowing players to complete tasks and collect rewards, including in-game equipment and NFTs that can be redeemed in the official game version. Currency is earned via crystal mining and can be done without players' active participation. ____Learn more:- NFL and Mythical Games Unveil NFL Rivals: The First Web3-Powered NFL Game- FarmVille Creator Zynga Introduces Ethereum NFT Game 'Sugartown'Adidas Unveils NFT Artist Residency with Plans for Physical Collaborations 5 crypto predictions for second half of 2022Blockchain research firm Elliptic says the amount of funds laundered through cross-chain and cross-asset services reached a ten-figure sum in July this year. After the victim has deposited a significant amount of funds, the fake platform will halt withdrawals. The victim will then be prompted to pay extra verification and service fees or taxes before their funds will be “released” to extort them for more money.

Exchange Rankings Crypto
Image: cyptoranking.com

Why do I love these markets right now when yields are screaming higher? Bank models have no concept of a bear steepener occurring. Take a look at the top right quadrant of historical interest rate regimes.It's basically empty. pic.twitter.com/P6MQnCU73N David Schwartz, the Chief Technology Officer (CTO) at Ripple, has shared his take on why Elon Musk plans to hide interaction buttons on X (formerly Twitter). Centralized vs Decentralized Crypto Exchanges:Which is Better?“Progress toward completing our transaction with USBTC continues, and we're grateful to our shareholders who demonstrated their overwhelming support by voting in favor of the merger," Hut 8 CEO Jaime Leverton said. He added that the recent approval from the Canadian court allows the firm to “continue to advance us toward a new Hut 8,” which will have “highly diversified fiat revenue streams.” Ethereum’s Decentralized finance (DeFi) has been the most popular feature of the network, however, Decentralized applications (dApps) have also seen a drastic rise in demand. Ethereum network has built dApps that can perform several functions within its ecosystem. These dApps emerged during 2019-2020 and have been evolving ever since. They have also brought more awareness to the platform over the years.

Gaming companies are prioritizing investments in virtual, augmented, or mixed-reality experiences (49%). These technologies will play a pivotal role in enhancing user engagement within the metaverse, even without specialized gear. Another problem, the Fed pointed out, was the bank’s caliber of deposits. How to Invest in EthereumXRP Price Prediction as XRP Rallies Toward $1 Level – Time to Buy? Sealed Mode begins as players pick one of the three Gods that represent the players, just like Heroes from Hearthstone. Once players pick their Gods, they receive a randomized pool of 60 cards. The goal is to craft a deck with at least 30 cards from these 60, while trying to combine cards that work well together to defeat other players.

Earlier this month, a report by the Associated Press said data centers like those used for ChatGPT consume about 500 milliliters of water for every 5 to 50 prompts. The AP noted that OpenAI’s data centers are allegedly located near the same waters in Iowa that feed local corn fields. As Blockworks previously reported, BlockFi is also fighting claims from both FTX and 3AC, which both seek to recover funds. The company alleged, however, that it fell victim to the former crypto exchange. The Top 12 Best Ethereum Wallets (2023 Edition)The crypto wallet address linked to the FTX exploiter moved roughly $36.8 million worth of Ether (ETH) in the last 24 hours amid the ongoing court trials of the defunct crypto exchange’s ex-CEO, Sam Bankman-Fried (SBF).Accounts linked to FTX and FTX.US were drained of $600 million on Nov. 11, 2022, hours after the crypto exchange had filed for Chapter 11 bankruptcy. At the time, FTX general counsel Ryne Miller informed traders about the hack caused by malware:“FTX has been hacked. Chat is open. Please don’t go to the FTX site, as it might download Trojans. Note that some funds were retrieved.”After nearly 10 months of silence, the FTX exploiter began siphoning out the stolen funds, starting with a transfer of 10,250 ETH worth $17.1 million via four addresses between Sept. 30 and Oct. 1, confirms data from Spot On Chain.The exploiter initially held 175,496 ETH ($294 million). However, the current balance in their portfolio has come down to $196.014 million, as shown below.Portfolio balance of FTX exploiter. Source: Spot On ChainSince Sept. 30, a total of 67,500 ETH has been transferred out of five out of the 15 wallet addresses linked to the FTX exploiter. FTX exploiter transferred out 10,250 ETH from address 0x3e9. Source: Spot On ChainOut of the lot, 64,948 ETH ($108 million) was transferred through the THORchain router and 52 ETH (worth $84,000) to the Railgun contract. The remaining 2,500 ETH ($4.19 million) was swapped for Bitcoin (tBTC).Related: September becomes the biggest month for crypto exploits in 2023: CertiKThe trial of SBF in connection with the collapse of FTX began on Oct. 3. The entrepreneur has pleaded not guilty to all seven counts of fraud and money laundering charges.We decided to illustrate the lead-up to @SBF_FTX's trial. Here’s Bankman-Fried's life in the slammer. From mirror monologues to peanut butter banquets, the fall is real. pic.twitter.com/v73IA6d5l2— Cointelegraph (@Cointelegraph) October 3, 2023 Do you have something to say about the on-chain movements of 5,000 BTC to two different wallets by a dormant Bitcoin whale or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

Have an opinion on this story? Share it!