Daily Crypto NewsEDITION #546, 14 July 2022

Armstrong, what's with the volumes?

Hey Moni Maker 🧛

Today, in 1976, Canada abolished the death penalty. Whatever horror the media may try to show us, it is still worth confessing - human life has begun to be valued far more in the last 50-60 years than before. Unfortunately, we are still surrounded by people who place no value on life: psychopaths and serial killers. But! In such dark times, we must remain adequate and continue valuing our lives. And what about the market...the market will grow, don't worry :)

Let’s go! 

Let's cut to the chase. GameStop, whose history could be the subject of an entire movie, announced the launch of their NFT marketplace the other day, which is focused on NFT gaming. 

Coinbase launched the NFT marketplace back in May this year. 

What we have here is: 

- Coinbase's NFT marketplace has been running for 2 months 

- GameStop's NFT marketplace has been running for 2 days

So? Let's take a look at the volume for the entire time of operation: 

- GameStop NFT trading volume is plus or minus 3,167 ETH.

- Coinbase NFT has a trading volume of 1,709 ETH.

Twitter is hilarious at Coinbase and speculates that CB's trouble was that they put the old-fashioned emphasis on marketing and Influencers rather than the community like GameStop NFT did. And yes, Armstrong's NFT project may not be considered his best brainchild. 

Why is that? Well, keep an eye on the platform from GameStop - click 

Do u remember the Move-2-Earn trend that used to be popular? There was a hip Stepn project, which seems to be not so great now. Or the guys themselves are doing great? The dudes have reported their earnings. 

The STEPN team reported a second-quarter profit of $122,500,000 on Medium, even though conditions in the cryptocurrency market have deteriorated over the past few months.

The team will also use the 5% profit to initiate a buyback programme and burn GMT's tokens. 

Animoca Brands, which specialises in games and blockchain, has raised additional capital to support some of its plans for the future.

Plans for Animoca include funding strategic acquisitions, investments and product development; licensing popular intellectual property; and promoting an open meta-universe.

By the way! A sure Emil Woods, managing partner of Liberty City Ventures, believes Animoca Brands is at the forefront of delivering on Web3's promises. So put the fund on the tick; little do they know what's out there.

The US President's Executive Order of 9 March, addressed to regulators, entered the open discussion stage yesterday, every US resident can put forward their thoughts on the regulation of digital assets. 

The deadline is set for August 8th.

Check more on the website

Haha Money Printer Go Brrrrr. It is a meme. It shows a certain machine that prints money without rest and leads to inflation.

And more you can find in our Glossary!

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