Madrid stated:

“Our vision is still very clear. You should be able to play any game using one wallet that combines all your collected and earned utilities.”

Web3 Gaming Continues to Grow

Despite a broader market slowdown, Madrid affirmed that the Web3 gaming sector is still booming. The executive highlighted that tools and infrastructure for game development have become much more accessible over the past two years.

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“I feel that the tools to create games have become more accessible. Looking at the number of games developed on gaming platforms in the last two years, the sector is still booming,” Madrid said.

He also pointed out that a single breakout game could serve as the catalyst for broader Web3 adoption in gaming.

NFT Utility Is Maturing

The Sandbox COO Sebastien Borget noted that the NFT space is witnessing a shift toward more functional applications. Borget stated that the industry is moving away from NFTs being used solely for fundraising or profile pictures, towards offering real utility.

Borget added:

“At The Sandbox, we continue to see high demand for virtual land, avatars, and NFT collections like Jurassic World, because they can be used directly across the game.”

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How Does Lympo Work?

The Lympo ecosystem centers around ERC-20 based $SPORT and $LMT tokens, which facilitate user interactions on Lympo NFT platforms. The products primarily operate on the Polygon chain, offering low-cost and rapid transactions. NFTs gain value through staking, in-game usage, and integrations with metaverse platforms such as Sandbox.

On Lympo NFT platforms, users can stake $SPORT tokens to earn pool credits, which they can then use to mint NFTs. The platform implements a dynamic pricing mechanism to attract a broader user base.

The platform offers several advantages to users:

• Users can earn various tokens by staking their NFTs and $SPORT tokens
• Lympo NFTs are compatible with metaverse platforms like Sandbox
• Users can generate income by playing games with Lympo NFTs
• The project offers licensed NFTs of world-renowned athletes

Supporters and Investors

Lympo is supported by prominent organizations including Animoca Brands, REVV Racing, Binance Smart Chain, Binance NFT, Polygon, GAMEE, and Harmony. The project also collaborates with globally recognized figures such as Magnus Carlsen, Rose Namajunas, and Caeleb Dressel.

Token Details and Use Cases

• $SPORT token is used for NFT minting and staking
• $LMT token serves as the primary currency in play-to-earn games, used for activities such as character and item development
• Star Tokens are athlete-specific tokens offering various benefits for fan engagement

In summary, Lympo (LMT) distinguishes itself through its innovative structure combining GameFi with sports NFTs. The platform provides various income and experience opportunities for both NFT collectors and gamers.

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Key Bitcoin Levels of the Day

The BTC/USDT pair has dropped by 3.35% in the past 24 hours and is currently trading at $95,385. Bitcoin (BTC) saw a significant decline after testing the $99,304 resistance level mentioned in previous analyses. If BTC attempts a rebound, the key resistance lies at $97,362. Key support levels are $94,703 and $93,138.

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Ethereum (ETH): The ETH/USDT pair fell by 4.65% in the last 24 hours and is trading at $3,362. For Ethereum (ETH), the resistance levels are at $3,440 and $3,535, while the support levels are at $3,290 and $3,217.

The Sandbox (SAND): SAND/USDT has dropped by 9.36% in the past 24 hours and is currently trading at $0.5632. Resistance levels for SAND are $0.6425 and $0.6913, while support zones are $0.5450 and, if the drop deepens, $0.4719.

Avalanche (AVAX): AVAX/USDT declined by 7.36% in the last 24 hours and is trading at $37.91. Resistance levels for AVAX are $41.62 and $43.93, while the support zones are $37.74 and $35.62.

Sui (SUI): The SUI/USDT pair saw a 4.26% drop in the past 24 hours and is trading at $4.26. For SUI, the resistance levels are $4.587 and $4.753, while support levels are at $4.196 and, if the decline intensifies, $4.04.

Trending Coins

The most trending coins in the past 24 hours include Sun Token (SUN), Tema (TEMA), and Pudgy Penguins (PENGU).

Top Gainers

• Tokenize Xchange (TKX)
• Redbelly Network (RBNT)
• Bitget Token (BGB)

Top Losers

• UXLINK (UXLINK)
• Fartcoin (FARTCOIN)
• Horizen (ZEN)

Bitcoin Liquidation Map

The 12-hour liquidation map for Bitcoin highlights a significant $43 million liquidation at $99,404 on the upper side. On the lower side, $28 million stands out at the $94,768 level.

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To fully participate in these experiences, users must link their The Sandbox accounts with Moca ID. New users can join this process by creating an account on The Sandbox platform, connecting their wallets, and linking the same wallet to both The Sandbox and Moca ID profiles. The wallet connection must be completed by August 21, 2024, to be eligible for rewards.

Tasks and Rewards

During the opening period of Mocaland, three main tasks will be offered to users:

1. Welcome to Moca HQ: Explore Moca HQ and complete tasks.
2. Moca Dash: Progress through an obstacle course and collect orbs to extend the time.
3. Explore MOCALAND: Participate in mini-games created by The Sandbox Creators and complete at least 65 tasks.

Participants who complete these tasks within the specified periods will have the chance to win various rewards such as $SAND tokens, Mocaverse NFTs containing Moca coins, and other Mocaverse-themed in-game assets. RP rewards will be distributed by August 28, 2024.

Additionally, all participants who have completed the KYC process and the third task will have a chance to benefit from an additional reward pool. This pool includes:

• 30,000 $SAND rewards
• A Mocaverse NFT containing 47,554.52 $MOCA coins
• Mocaverse-themed NFT in-game assets

This event offers a unique opportunity to be a part of the Mocaverse universe and win significant rewards. For those seeking different experiences in the gaming world, this event seems to be an innovative and fun option.

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Among the most notable unlocks is a massive $254.5 million worth of AVAX tokens set to be released on August 20th. Avalanche, a popular layer-1 blockchain platform, has seen substantial growth in recent months, and this upcoming unlock could further fuel its momentum or introduce some selling pressure.

Other significant token unlocks in August include:

Wormhole: $154 million on August 3rd
Aptos: $74.6 million on August 12th
The Sandbox: $66.2 million on August 14th
Arbitrum: $63 million on August 16th
Optimism: $51 million on August 31st
IMX: $46 million on August 9th
SUI: $46 million on August 1st
STRK: $31 million on August 15th
ZETA: $30 million on August 1st

The post $800 Million in Tokens Set to Unlock in August as Crypto Projects Ramp Up appeared first on Coin Engineer.

• Education with Web3: OpenCampus will talk about how the education sector has evolved with blockchain and Web3. The company will also talk about the importance of NFTs and their role in the education sector at the FuturePlay 2023 event.
• User-Managed Content: Sandbox will discuss the impacts and benefits of User-Generated Content (UGC) on the Metaverse.
• Web3 Games: Animoca Brands will talk about the contributions of decentralized networks to players and the game in Web3 games. Additionally, Animoca Brands will talk about current trends and some challenges in the Web3 space at the FuturePlay 2023 event.

Meanwhile, the Casper Network will also be present at this event. This event is very important to catch new developments and new trends in mobile games. plus, the chance to meet the staff and executives of the Casper Network is among the opportunities of this event. Besides, to register for the event, Registration link. ( Also you must register with your name and email address from the [Apply to Join] button on the website in the link)

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FuturePlay 2023 Event Details

Additionally the event will start at 5.30 pm. In addition, there will be free food service all day and opportunities for network and business.

• 18.00- Session 1(The future of game broadcasting in the Web3 World will be discussed at the FuturePlay 2023 Event.)

Hosts: Yat Siu – (Animoca Brands Co-Founder), ​Sébastien Borget (The Sandbox Co-Founder), ​Baris Ozistek(CEO at Bogazici Ventures), Arslan Kiran (President Growth Turkey & MENA)

• 19.00- Session 2(The role of Web3 in the Education Sector will be discussed at the FuturePlay 2023 Event.)

Hosts: Adrian Lo (Purchasing Director at Animoca Brands), Gülcan Yayla (CEO of Rise In and Patika dev), Alizee Carli (Ecosystem Development Manager at Casper)

• 20.00- Food Service, Network Development
• 21.30 – Closing

Venue: Dada Salon Kabarett  Sisli – Gayrettepe Istanbul/Turkey

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Cryptocurrencies, non-fungible tokens (NFTs) and decentralized finance (DeFi) blend worlds together. It allows players to obtain digital assets with real-world value in exchange for their in-game achievements.

Many NFT and Metaverse games today use this system to attract more users. Users can earn tokens, coins, and NFTs that they can convert into real money by playing games and reaching specific rewards.

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Most Preferred Ones

1 – The Sandbox (SAND)

The Sandbox is a play to earn platform where players own and customize 166 thousand different terrain parcels in a virtual world.

Landowners can represent these land parcels as NFTs on the Ethereum blockchain and have the freedom to do whatever they want: they can create games, build virtual museums, or construct other creative buildings.

The Sandbox world is made pixel by pixel, which is very much like Minecraft. However, everyone can create a game, design trendy characters and earn SAND tokens by completing tasks in Sandbox.

2 – Decentraland (MANA)

Decentraland is a Play to Earn game with a Metaverse platform that is a 3D virtual world consisting of 90,601 parcel areas. Additionally in Decentraland, which runs on the Ethereum Blockchain network, users can buy and sell virtual property in the form of NFT. Users trade NFTs in Decentraland using its local token, MANA. Users buy and sell virtual properties known as LAND.

You need to connect your game account to a Web-3 wallet like Metamask to join Decentraland, which runs on a browser.

3 – Alien Worlds (TLM)

TLM is an Ethereum-based ERC-20 token and is the governance token of Alien Worlds. This token gives you a say in the governance decisions of the planets in the game. You can even become a member of the planet councils in the game.

Alien Worlds is fundamentally based on two main game mechanics: Mining and Battles. When you first enter the game, you are given an NFT as a mining avatar and a shovel for mining. Your goal is to mine on different planets using this shovel and increase your mining efficiency with two different pieces of equipment you can buy from Alien Worlds’ NFT marketplace.

Another way to get NFT and TLM is to defeat your opponents in the arena known as ThunderDome Arena using your weapons and minions.

4 – Axie Infinity (AXS)

Axie Infinity is a game where players collect and develop adorable digital creatures called “Axies” and organize fights among these creatures. You need to own at least three Axies to be able to fight other players’ Axies in the game.

Individual Axies that have unique appearances are also classified as ERC-721-based NFTs, which users can purchase and sell in Axie Infinity’s NFT market. You can earn in-game tokens called “Smooth Love Potion” (SLP) by putting your Axies into battle and completing tasks, and you can later convert these into real money.

AXS is Axie Infinity’s native token. To play the game, you should open a Ronin Wallet account, transfer an appropriate amount of AXS to your account, and then integrate your wallet with your game account.

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