Daily News - March 31, 2022
TLDR:
GameFi continues to establish itself as the dominant narrative! CryptoRaiders closed their first funding round, while DeFi Kingdoms successfully migrated to their Avalanche subnet.
Treasure:
SmolBrains launches a partnership with KaijuKingz! For those looking to participate in the upcoming collaboration, it’d be advisable to interact within the partnership announcement tweet! (Source)
Tales of Elleria, a project partnered with TreasureDAO, launch their public mint today! Unfortunately, the mint has temporarily stalled as the floor price of the project on secondaries is below the mint price. (Source)
OpenSea Trading Volume:
Ethereum continues to push upwards as it closes the day at $3,403.18 (+0.7%)! This was further compounded by OpenSea trading volume surging for the third straight day - closing the day at $92.3M (+10.09%).
News:
DeFiance Capital and Delphi Digital lead a funding round that raised $6M for Crypto Raiders! For those unfamiliar with Delphi Digital, they’ve made several successful investments within the GameFi ecosystem - namely Axie Infinity and recently TreasureDAO. (Source)
Following the exploit for $615.5M, Axie Infinity provides an update regarding their investigation into the security of their Ronin sidechain. Most importantly, the team has committed to recovering or reimbursing users impacted by the exploit! (Source)
DeFi Kingdoms, the largest project in the GameFi ecosystem, successfully migrates to Avalanche. The project has been the first to adopt and build on top of Avalanche’s subnet scaling solution - this means cheaper transaction fees, faster processing times, and the use of $JEWEL/$CRYSTAL as a gas token. (Source)
S4mmy.eth posts a concise, yet highly informative recap of Ether Orcs - often considered the foreleader in the on-chain gaming space. In terms of upcoming catalysts for the project, the team hinted at upcoming Dungeon Crawls - interactive multiplayer experiences that include battling monsters, questing for loot, and solving puzzles. (Source)
DogeWood officially releases Questing! For those unfamiliar with the DogeWood, the project has taken significant strides to ensure a smooth on-chain gaming experience - even going as far as to implement animations entirely on-chain. (Source)
NFTWorlds releases information regarding the batched transfers of $WRLD tokens! This feature would enable a user to send $WLRD to multiple addresses within a single transfer without paying any gas/transactions fees. (Source)
Notable Sales:
Azuki 9605 is sold for 420.7 ETH ($1.42M) to Jason! Interestingly, Jason also owns a 1/1 from the Invisible Friend and WonderPals collection! (Source)