The Insider #101

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Ascend
February 16, 2024

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Magic Eden launches Mint-to-Earn. Season 1 of M2E will be on their Ethereum Launchpad and season 2 of M2E will be on Solana. Season 1 is starting at the end of February with a pool of dedicated Diamonds. Partners of S1 includes the likes of: OSF, Okay Dogs, Renga, Chimpers, Quirkies and so on .. I don’t think this is a game changer, though it will definitely help in supporting Magic Eden’s Ethereum Marketplace move. (source)
Overworld secures 10.000.000$ seed funding to create anime-inspired free to play ARPG. Overworld is partnered with blockchain games publisher Xterio. Jeremy Horn, Xterio’s COO commented: “There’s this focus on short gameplay loops that are highly replayable. We want the players to build characters, defeat enemies, collect resources, come back to a hub and craft, etc. We’re taking a lot of inspiration from what’s been successful today. There’s a huge opportunity in an anime-inspired space, which is largely untapped in the West.” Overworld’s Incarna was a great success and I believe this will be a big W for Overworld as well. Another quote from Horn explains my bullishness for this company: “The problem in the past — and this is normal in any nascent technology — was trying to leverage a technology as the solution for a content problem. You need the great content, and then the technology lets you improve the user experience.” (source)

Overworld Secures 10m$ Seed Investment For A F2P ARPG

Federal Reserve Governor says “I don’t want banks holding large amounts of cryptocurrency ETFs.” It’s not a shock to me. Traditional banking system hating on the new, improved, transparent & decentralized solutions was expected. Solving the equation is as easy as thinking who benefits from what. (source)
BlackRock and Fidelity, two of the biggest institutional investment companies, now hold 191.657 Bitcoins worth over 10.000.000.000$ for their Spot Bitcoin ETFs. The accumulation phase is going strong. (source)

BlackRock and Fidelity Hold 191.567 BTCs For BTC ETF

OpenAI unveils video-generating AI, “Sora”. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion and multiple characters with vibrant emotions. It’s incredibly stunning the see the quality in videos produced by Sora. (source)

A Small Peek Into What Sora Can Produce

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