CRYPTO NEWS

P2E ‘App Store’: G-Link Bridging Web 2.0 and Web 3.0

Featuring diverse, fun blockchain games, G-Link offers a user-friendly experience for Web 2.0 gamers to step into Web 3.0, and to participate in an ecosystem connecting gamers, game developers and investors.

Unleashing the potential of GameFi

Traditional gaming is a large but plateauing industry, plagued by legacy problems — in contrast, blockchain gaming is a sunrise industry with exponential growth potential. The traditional gaming industry’s revenue was US$178.37 billion in 2021, up from US$155 billion in 2020, representing a mere 15.1% growth year-on-year. In comparison, blockchain gaming skyrocketed from around US$321 million in revenue for 2020, to US$2.32 billion as of 2021 Q3, representing a much higher 722.7% increase year-to-date.

This means the market size of P2E gaming was roughly 1.3% of traditional gaming in 2021, with the potential to capture more market share.

Top choice for finding and creating new P2E games

G-Link’s mobile blockchain gaming platform is designed to be a comprehensive ‘app store’ and more, creating new touchpoints for key stakeholders, namely gamers, game developers and investors. Furthermore, G-Link makes it hassle-free for Web 3.0 newcomers to start playing blockchain games, with only a familiar account registration needed to get started.

G-Link has 4 casual to mid-core P2E mobile games slated for release in 2022, including the racetrack game Kartopia, strategy-based collectible card game Card Master, simulation kingdom-building game SPE Colony, and arcade-style Coin Fishing Frenzy. In addition, over 10 developers are in talks to add a wider variety of games to the platform. The expansive gameverse caters to mobile gamers’ preferences for frequently exploring new games.

The comprehensive platform includes features designed to address Web 3.0 gaming’s most prevalent and fundamental problems. Specifically, the GLINK platform token enables higher throughput and lower gas fees, which are critical infrastructure for improving the element of interactivity in gameplay mechanics. GLINK also provides cross-chain and cross-game liquidity, such that gamers can easily switch between games and securely exchange assets. Meanwhile, the GameFi incubator and NFT marketplace supports smaller game developers with funding and resources, thereby encouraging open innovation.

Investors can reap passive returns from the sunrise blockchain gaming industry without being a gamer themselves, through several avenues on G-Link’s platform. This includes holding G-Link’s Chief Toad NFTs, GLINK tokens, staking, becoming a virtual landlord, and backing projects via the incubator. GLINK holders can earn up to a higher APR of 1.8-200% with locked staking of 3 different durations, or retain liquidity with the flexible staking option to earn up to 1-2.8% APR.

Guild leader Chief Toads: G-Link’s genesis NFTs

The genesis NFT collection of G-Link, Chief Toad will grant owners VIP membership on G-Link’s gameverse platform. Being a GameFi NFT, Chief Toad’s utilities include higher in-game earnings, exclusive guild-creation in the gameverse, and priority access to games in beta and sales of metalands,.

To gain privileges on G-Link’s platform, gamers should mint their own Chief Toad NFTs. The minting for the Chief Toad NFT collection will take place from 5-7 July 2022, at a price 0.08-0.1ETH and with a total supply of 10,000.

Refer to the official website for Chief Toad NFT mint details: https://www.chieftoad.com/

Powering the ecosystem: GLINK token IDO

The Initial Dex Offering (IDO) for G-Link’s platform GLINK token will be taking place in August 2022. Using the ERC-20 standard, the GLINK token’s total supply will be 1 billion tokens.

GLINK tokens power each transaction on G-Link’s GameFi platform:

  1. GSwap – Seamlessly trade between in-game currencies
  2. Provide seed investment to back your dream game
  3. DAO voting rights
  4. Staking in liquidity pool
  5. Purchase of in-game assets, NFTs and virtual lands

Holders of Chief Toad NFTs will enjoy advantages of a higher percentage of airdrops and confirmed whitelist spots for GLINK token’s pre-sale.

For updates and announcements about the GLINK IDO: https://t.me/glinkgroup

 

Why This JPMorgan Strategist Says The Worst Of The Crypto Bear Market Is Nearing Its End

A JPMorgan strategist has predicted that the worst element of the crypto winter for crypto assets, firms, and individual investors is close to an end. Deleveraging, a practice that has been the last resort for a number of troubled crypto firms, is predicted to have reached its terminus. JPMorgan’s Panigirtzoglou admits deleveraging has been the::Listen

Why This JPMorgan Strategist Says The Worst Of The Crypto Bear Market Is Nearing Its End

A JPMorgan strategist has predicted that the worst element of the crypto winter for crypto assets, firms, and individual investors is close to an end. Deleveraging, a practice that has been the last resort for a number of troubled crypto firms, is predicted to have reached its terminus.

JPMorgan’s Panigirtzoglou admits deleveraging has been the last resort for most investors

“Indicators like our Net Leverage metric suggest that deleveraging is already well advanced,” said Nikolaos Panigirtzoglou, strategist and Managing Director at JPMorgan. Panigirtzoglou acknowledged the surge in deleverage positions during the bear market.

He pointed out that part of the reason for this prediction is the fact that other crypto firms with “stronger balance sheets” are making it a business of theirs to assist in making sure the virus that has been spread by the bear market is contained.

The analyst was obviously making reference to Bahamian cryptocurrency derivatives exchange FTX’s intervention in the BlockFi predicament. The exchange aided BlockFi with a $250M emergency credit line to help the firm “navigate the market from a position of strength.”

Secondly, the forecast was also influenced by the fact that venture capital funding has not been majorly affected by the current market situations. Despite the Crypto Winter, funding has totaled around $5 billion between May and June.

Exposure to high leverage

Deleveraging occurs when a firm decides to reduce its leveraged positions by rapidly selling off its assets to cover debts. A number of crypto entities have resorted to reducing their leveraged positions owing to the sudden crypto crash and the fall of Terra’s UST stablecoin.

Recently, Three Arrows Capital, a Singapore-based crypto hedge fund, defaulted on a $670 million loan given to the firm by Voyager Digital. The crypto hedge fund has been having it rough navigating the market due to current overwhelming conditions. This has exposed it to liquidations.

Firms like Celsius Network are among the several companies that have had exposure to high leverages which seem to be backfiring due to current market realities. The next direction of the crypto market in the coming weeks remains to be seen, but it’s likely to determine how things will turn out for investors and crypto entities.

P2E ‘App Store’: G-Link Bridging Web 2.0 and Web 3.0

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