Instagram accounts for 32% of all crypto fraud cases on social media, according to. Konvoy Ventures, a VC firm focused on gaming, has raised $150m for a new fund, with 20-30% set to go towards blockchain and crypto-related games. Oasys, a startup based in Singapore building a blockchain for gaming developers, has raised $20m from Republic Capital, Jump Crypto,, Huobi, Kucoin, Gate.io, Bitbank and Mirana Ventures.
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Its software development kit Libplanet allows developers to create blockchain applications on the Unity game development platform.
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Web3 gaming network Planetarium Labs has raised $32m Series A funding from Animoca Brands, Samsung Next, WeMade (the publisher of play-to-earn game Mir4) and its partner Krust Universe, the investment arm of South Korean tech giant Kakao. Sam Bankman-Fried, boss of cryptocurrency exchange FTX – which has bailed out several crypto firms amid the market crash – says it still has a “few billion” on hand to shore up struggling companies. Hype has pumped up a ton of stocks and cryptos which now need to fall back down closer to their intrinsic value before the next cycle begins.The next big cyber threat is Russia – & blockchain Mark Cuban predicts that this bear market will do exactly that. However, before the good projects can thrive, the weak ones need culling. DeFi projects also seem to have the investor’s attention, which makes sense as anything that improves the financial sector will likely have massive demand.
Then comes Bitcoin for its long-term performance and use case as an inflation hedge. It seems Ethereum is near the top of Cuban’s list due to its smart contract capabilities. However, projects with nothing to offer other than fancy marketing will inevitably fizzle out as investors try to conserve cash. If a project solves a real problem, there will always be demand. However, during bear markets, only companies/cryptocurrencies that provide actual value will survive. During bull runs, projects can skyrocket through nothing but hype and perceived value. In one of Mark Cuban’s predictions, he quoted Warren Buffett alluding that a shake-up was exactly what was needed to force hype-based projects out of the market and put the emphasis back on utility-based assets. “Like Buffett says, ‘When the tide goes out, you get to see who is swimming naked” As more projects are created within the Ethereum ecosystem, the demand for ETH will grow. As a layer-1 crypto (a network that facilitates the creation of other projects), the price of Ethereum is directly impacted by the number of transactions on the network. It seems Cuban prefers Ethereum over Bitcoin as the network has far more interest from developers. The utilization of Ethereum is much higher.” (CNBC, May 2021) “The number of transactions and the diversity of transaction types along with the development efforts in Ethereum dwarf Bitcoin. With an increasing number of companies accepting DOGE as a form of payment due to its low-cost transactions, DOGE could be pushed higher if adoption continues. ” (via Twitter (DOGE), a project originally created as a joke, has also garnered the attention of the investor. If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. “As long as more companies take Doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank. DeFi aims to shake up the finance sector and make it far more accessible to the everyday person. Both are revolutionary, smart contracts allow applications to operate independently and interact with the blockchain, and have given rise to NFTs and hundreds of crypto projects. Other than Bitcoin, Cuban seems to be a fan of Ethereum and its smart contracts along with the Decentralised Finance (DeFi) sector. That’s why it’s a lot like the internet.” They came along, and that created DeFi and NFTs. “What really changed everything was smart contracts. That’s a pretty big sign that entrepreneur has faith that the asset class will survive the latest drop and likely thrive once the economy has some new life breathed into it. Bitcoin frequently gets compared to gold for its use as an inflation hedge and Cuban seems to share that sentiment. Even going as far as stating that “80% of the investments that I make that are not on ‘Shark Tank’ are in or around cryptocurrencies”. Mark Cuban is a well-known proponent of cryptocurrency. That’s why I own Bitcoin and never sold it.
“Bitcoin is a better alternative to Gold, and it’s going to continue to be. Here are a few quotes from the world-famous investor that highlight the areas he believes will continue to perform well, even during a bear market.
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How to Watch Love Island UK From AbroadĬryptoassets are a highly volatile unregulated investment product.
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