Squid Games, Aussie Investors, and Disney NFTs
Welcome to Crypto Daily. My name is Dustin Knouse, and be sure to follow our show wherever you listen to podcasts – and please leave a review on Apple Podcasts.
We’ve seen things calm down a bit with Doge and Shib, while Bitcoin and Ethereum have started to pick back up a little – although Bitcoin still struggles to get back up to its high from a couple of days ago, while Ethereum has reached a new high.
A lot of analysts believe Bitcoin is still on track to hit $90-$100k by the end of the year, and that we might be through that early sell-off dip I discussed earlier in the week.
New adoption has been coming in the form of a Novi Wallet. Facebook, I am going to have a hard time calling them Meta. Sorry, Zuck, I just don’t think that name works for you.
Maybe I’ll call them Weta. Like those giant ass ugly bugs in New Zealand…
Anyway, Facebook has been testing having the Novi wallet integrated into its platform. Now we’ve seen the same test for Novi on Whatsapp.
This will obviously make it much easier for people to send crypto to friends and family in a similar manner people use Venmo, CashApp, or Zelle.
Some adoption resistance certainly lies in people feeling like they don’t know how to start a wallet, or where to go. So the more integration into social media we see – the better is it for all of us.
Because as I say, more adoption means higher prices.
And of course, as I also always say, regulation will help with adoption by making people feel more comfortable.
The Australian Securities and Investments Commission has come out saying that they expect bitcoin and ether are likely to satisfy its criteria as appropriate underlying assets for exchange-traded products.
That means we will be seeing more crypto-focused companies being traded on the Australian Stock Exchange in the future – and reaching a new level of investors.
All my Aussies listening, thank you! I love how much you guys are doing in crypto – and in podcasting. Obviously, two worlds that are dear to me. And you too, since you are listening.
Are you as much of a fan of the Squid Games on Netflix as I am? Well, it turns out there’s a new cryptocurrency named after the show that went on sale on October 20th.
The token was valued at around 10 cents, and in 24 hours jumped up to around $2.22.
This token was actually created for a play-to-learn game, obviously called the Squid Games. It’s a six-round game using games like the TV show. Only, if you lose here – you won’t die… I think.
But the games do have a large fee of 1500 tokens to play, which puts it at an entry fee of around $33,000 right now.
This seems like the perfect transition to the world of NFTs.
Play-to-earn games are really becoming bigger and bigger. In fact, some people are even making it their full-time jobs.
One of the problems, however, is that some of these games have become expensive just to start.
For example, Axie Infinity – which we’ve discussed previously, requires three characters calles Axis, to start playing. Unfortunately, you need to pay to get characters – and it isn’t cheap. In fact, it costs about three thousand dollars to get going.
There is a new company, however, that has raised money to help: Playdough Technologies. Spelled like the bread, not the modeling compound for kids.
They recently raised $2 million with a business model that they purchase Axis and breed them. They allow people to adopt their Axis in exchange for a split of the profits made from what the player makes.
With prices on NFTs going up – this could be a good deal for some people.
Well, if you are a fan of Disney or any of the franchises they own – they are going to release an NFT collection called Golden Moments. This collection is being released Nov. 12 to celebrate their first annual Disney+ Days.
This collection will feature official NFTs from Disney, Pixar, Marvel, Star Wars, and more. If you are interested in these, they will be available for sale on the digital collectibles app Verve.
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Resources:
Bitcoin reclaiming $60k is ‘according to plan’ as BTC might head towards $90k
WhatsApp tests Facebook Novi wallet integration in the app
Australia’s Securities Regulator Issues Criteria for Crypto-Asset ETPs
‘Squid Game’ Crypto Price Up by 2,400% in a Day—Here’s What You Should Know
Meet PlayDough, Your Gateway To The Lucrative World Of Play To Earn
Disney to Drop ‘Golden Moments’ NFT Collectible Series via Digital Collectibles App Veve
