In a bid to be the leading NFT gaming platform in the metaverse, Balthazar has kicked off its Token launch with a US$3 million token sale, valuing the DAO at US$30 million.
Animoca Brands, a global leader in gamification and blockchain with a large portfolio of over 150 investments in NFT-related companies and decentralised projects, was the lead token purchaser in the round and will be providing advisory services to Balthazar.
Other token purchasers include Finder Group (through Hive Empire Capital, which is led by Fred Schebesta), Zip co-founder Larry Diamond, Digital Asset Capital Management (DACM), Fantom, ZED Run, Darling Ventures, Pluto Digital, San Francisco-based VC Side Door Ventures, Algorand, Rising Capital, Saltwater Ventures, eFrontier, and Three Arrows Capital’s TPS Capital.
Launched in September 2021, Balthazar aims to be the largest decentralised autonomous organisation (DAO) in the play-to-earn space. It’s a community-focused platform, removing the barrier to entry for gamers to access play-to-earn games through its scholarship program with no upfront costs.
Balthazar is more than a guild, with plans to develop its tech platform, its rent-to-earn lending model, and to scale up its community.
John Stefanidis, CEO of Balthazar, said the token sale marks a significant milestone for the DAO.
“We are so thrilled to be backed by Animoca Brands and all of our supporters in helping to shape the metaverse and to continue assisting and expanding our community. This support means we can fulfill our vision of empowering the biggest community of gamers to create a self-sustaining, wealth-building ecosystem.
“We are developing the most incredible platform that will bring together gamers, crypto holders and individuals through our own NFT games, valuable tokenomic strategies and gaming partnerships.
“I’m excited about the future of the play-to-earn space, in particular how it’s spreading earning opportunities to those who need it most, as well as providing a new use-case for cryptocurrency.”
Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “Balthazar has a thriving and fast-growing community, offering opportunities for all people to be involved in the NFT gaming space, including gamers, game companies, and crypto holders. With its dynamic leadership, we believe that Balthazar will be able to tap growth for NFT-based gaming in new markets, and we are excited to be part of its journey.”
Prior to the token sale, Balthazar deployed 1,100 scholars into several NFT games including Axie Infinity, Splinterlands and Thetan Arena, with a further 30,000 people on its waitlist and a community of more than 70,000 people in its Discord channel.
Balthazar has opened a private token sale round, with plans to sell US$8 million in tokens at a token cap valuation of US$150 million by February 2022.
For more information about Balthazar, click here to read its Whitepaper.
About Balthazar:
Balthazar is a scholar-driven NFT (non-fungible token) gaming platform for the metaverse, one of the first in Australia. Balthazar aims to be the largest Decentralised Autonomous Organisation (DAO) in the play-to-earn space. It’s a community-focused guild for gamers to access play-to-earn games with no upfront cost, supporting a fun and competitive team of players. It also offers a rent-to-earn feature where NFTs can be rented to Balthazar for the scholars to use in games. Balthazar supports the guild through social networks, educational resources, and training and development around gameplay and learning cryptocurrency investment.
About John Stefanidis:
John Stefanidis, 29, is the CEO of NFT gaming platform Balthazar and one of Australia’s leading digital marketing and ecommerce experts. After graduating from University of Technology Sydney with a Bachelor’s Degree in Business/Marketing in 2014, John has developed and scaled several businesses, including digital marketing agency Covert. As a serial entrepreneur and avid video gamer, John is passionate about the NFT gaming space.
Australia’s leading hardware wallet provider, Coinstop, has recently added the Ledger Nano S Color Edition to its Australian-based online store.
The Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet. The device is built on robust safety features for storing cryptographic assets and securing digital payments. The Ledger Nano S uses a secure OLED display to double-check and confirm each transaction using the buttons located on the side of the device.
Coinstop is excited to announce that the Ledger Nano S Color edition is now for sale, including a new set of products that celebrates the uniqueness of all the individuals that make up the cryptocurrency community.
All Ledger Nano S Color hardware wallets come with the uncompromising security features that Ledger users have come to expect, supporting 700+ cryptocurrencies, and with an easy-to-use interface that makes keeping your crypto assets safe and simple. The coloured edition is beautifully designed with simplicity in mind, coming in five new unique colours: blue, orange, pink, green, and transparent.
A Wallet for Existing Ledger Users
If you already own a Ledger Nano S, the new colour edition is the perfect complement, allowing you to differentiate between wallets with ease. You can separate your investments onto two or more wallets, differentiating between the colours. For example, you may want to use one wallet to keep Bitcoin and Litecoin, and another to store Ethereum and Ripple. Other individuals may be interested in using one wallet primarily for crypto assets and a second wallet primarily for utility apps, such as the Password Manager (available in developer mode), Hello and Woleet. Owning a second wallet adds an extra layer of security in the event that one of your wallets is lost or stolen. You can read about the benefits of having a second wallet here.
A Wallet for New Users
With a colour to suit every individual, the Ledger Nano S Color Edition is perfect for individuals starting out. Beginners who may only have a small amount of crypto assets will find the Ledger Nano S Color Edition easy to set up and navigate. With crypto hacks continuing at an alarming pace, it’s imperative that one’s assets are moved safely offline. The Ledger Nano S Color Edition is a secure way for new investors to protect themselves in style.
Ethereum is currently powering the future of global decentralised finance (known as “DeFi”) so it’s blockchain must be well equipped to scale and handle an influx of apps and users into the millions. Currently there are limitations with Ether blockchain with speed and high transaction fees, which has led to the emergence of Ethereum layer 2 projects that help resolve the network performance and enable continued expansion of the DeFi ecosystem.
What is Ethereum Layer 2?
A layer 2 project is a company and network of its own that operates on top of the Ethereum blockchain base layer (known as “layer 1”). Layer 2 projects (also known as “sidechains”) connect Decentralised applications (Dapps) to interact with aspects of the layer 1 blockchain to significantly speed up transactions, whilst making use of the base layer’s privacy and decentralised infrastructure.
Why use Layer 2 Projects?
The main Ethereum 1.0 blockchain currently has a low speed of around 7-15 transactions per second (TPS). Layer 2 solutions can achieve much faster speeds of up to 9,000 tps by handling most of the hard processing “off-chain” on their sidechains to increase efficiency.
There are an increasing amount of layer 2 projects and sidechains in circulation, each working to improve user experience for swapping coins and tokens, minting NFTs, reducing transaction GAS fees and increasing the speed of transactions.
We have compiled a list below of what we think are the best 10+ Ethereum layer-2 projects and sidechains worth knowing about.
1. Polygon
Polygon – a multichain ecosystem.
Polygon is a protocol and framework that allows projects to connect with Ethereum-compatible networks to enable ‘scalable-solutions’ for a multi-chain ecosystem.
Advertised as being for developers, by developers, Polygon has identified the challenges facing the Ethereum blockchain and presented its own solutions by offering instant and ‘zero-gas’ transactions with a Proof-of-stake (PoS) chain.
Polygon utilises the MATIC token, which helps to secure the network and to pay any transaction fees. Originally the project was called MATIC and was seen as a direct competitor to Ethereum, but in 2021 it rebranded to Polygon and now enhances the Ethereum ecosystem rather than directly competing with it.
Optimism is a community focused layer 2 framework that offers projects with lighting speed for a lower cost to transmit data to and from the layer 1 blockchain. Optimism is an optimistic rollup chain, which means a large batch of transactions are ‘rolled’ together and then condensed and processed on layer 1.
The Optimism ecosystem promotes hundreds of apps and integrations including DeFi, NFTs, Bridges and Portfolio trackers. There isn’t a native token for the Optimism project yet. The project current donates all the profits towards scaling the growth and sustainability of public goods.
3. Arbitrum
Arbitrum – build an app in five minutes.
Arbitrum is a layer 2 project built by Offchain Labs that provides Ethereum apps to scale at low cost whilst also providing software developer’s which simplified feature implementation of smart contracts. Arbitrum claims that you can build an Eth app in as little as five minutes.
Much like Optimism, the Arbitrum also doesn’t have a project token yet. That being said, the ecosystem is growing with hundreds of live applications including NFT marketplaces, Wallets, Bridges and On-Ramps making use of the quick start developer tools.
4. Starkware
StarkWare – facilitate all kinds of transactions.
Starkware is an Ethereum layer 2 project that provides scaling solutions for applications wanting to keep transaction fees low and fast executing.
The Starkware ecosystem includes a few different sub-projects which help provide permissionless decentralised ZK-Rollups that help facilitate the transactions that accompany AMM, spot trading, NFT minting and crypto trading. Big projects such as Sorare have integrated Starkware into their infrastructure to enable minting of Ethereum-based NFTs.
Starkware doesn’t have a native token yet.
5. Uniswap
Uniswap – apply for funding to build your app.
Uniswap is one of the leading the decentralised crypto trading protocol projects that supports thousands of DeFi applications including token swapping, staking, voting, liquidity providers and more.
You can use the Uniswap app to swap DeFi tokens directly on-chain through popular DeFi wallet providers on Ethereum, Polygon, Optimism and Arbitrum networks.
The native token for Uniswap is the UNI token, which you can use to save trading fee costs and stake in liquidity mining pools to earn yield. The UNI token also serves for decentralised governance of the project.
6. Loopring
Loopring – an automated execution system.
Loopring is a zkRollup Ethereum Layer 2 project that provide low-fees and high speed for trading, swapping and payments using ETH.
Loopring promotes an ‘automated execution system’ that allows users to trade cross-exchange and participate in cross-blockchain liquidity. Defined as ‘blockchain agnostic’, Loopring can integrate with any platform using smart contracts. You can use the Loopring BETA marketplace to create a Layer 2 wallet and trade DeFi tokens with ETH and USDT trading pairs.
The LRC token is native to Loopring and aids in these transactions.
7. OMG Network
OMG Network – Enya and Boba combine.
OMG Network (also known as “OMG Foundation”) provides Ethereum with a Layer 2 Optimistic Rollup solution that reduces gas fees and improves transaction throughput for smart contracts.
A new project launched by OMG is called Boba, which is extending Ethereum Virtual Machine (EVM) smart contract capabilities specifically for DeFi and NFTs projects running integrations on external servers such as AWS to help execute sophisticated algorithms that are not possible to run on-chain.
8. ZKSpace
ZKSpace – decreasing transaction latency and gas fees.
ZKSpace is a fairly new ZK-Rollup Ethereum Layer 2 protocol that offers near instant transactions without waiting for block confirmations.
The ZK project offers a layer 2 NFT protocol which provides NFT projects with cheaper NFT issuance, minting, airdrops and sales. 2022 should be an interesting year for ZKSpace, with lots of exciting developments scheduled, including ZKSea – an NFT Layer-2 marketplace.
The native token ZKS is used to save fees on the DeFi token swap L2 Wallet and also used to pay for minting NFTs on the L2 marketplace.
9. Skale
Skale – businesses can rent a sidechain.
Skale is an elastic blockchain network that focuses on high-performance, offering up to 1000x faster transaction speeds for your Ethereum Dapps.
Crypto projects have the option to rent a sidechain through Skale to increase transaction throughput making use of the Ethereum 2.0 validator nodes with the use of Sharding technology.
Projects can execute solidity smart contracts on Skale powered blockchains to enhances DeFi, games, NFTs and content streaming services.
SKL token is the native token of the Skale network, which aids in ecosystem cleaning, network development and upkeep, and reward validator nodes – the community keeping the network secure.
10. Gnosis Chain
Gnosis Chain – formerly xDai.
Gnosis Chain (formerly known as xDai) is a prediction market platform on the Ethereum network. Gnosis chain is providing its users with the chance to build their own prediction platform through the creation of a specific infrastructure layer.
Gnosis Chain also hosts free tournaments on the outcomes of their prediction platforms, and doing well with these can earn you GNO – the native token for the Gnosis Chain.
11. Bonus: Raiden Network
Raiden Network – compatible with all ERC20 tokens.
Raiden Network is an open source project that aims to help scale Ethereum payments by providing off-chain transfer of ERC20 tokens.
While this network is currently work in progress, Raiden is looking to avoid the ‘blockchain consensus bottleneck’ to facilitate ETH micropayments, similar to that of BTC lightning network.
Ethereum layer 2 projects will have a big say in the short adoption of Ethereum-based projects and also in the long-term success of Ethereum as a global settlement platform.
2022 brings the long anticipated Ethereum 2.0 upgrade which many believe will not make Layer 2 networks obsolete, but actually enhance them and increase adoption into the Ethereum ecosystem. Upgrades such as sharding will become available to Layer 2 projects enabling them to improve their services to Dapps and Layer 3 apps.
Through 2021 into 2022, the excitement in decentralised finance (DeFi) has shifted to the non-fungible tokens (NFTs) market. These NFTs can be created from a piece of digital or real art, an in-game asset or represent value of pretty much anything.
NFTs can even be used to wrap other assets inside a smart vault (such as crypto tokens or a collection of NFTs). The marriage between NFTs and DeFi really is a match made in heaven, and together they are changing the face of finance and revolutionising the way we invest and trade digital assets.
What is a Yield NFT Protocol?
NFTs in their basic form do not earn yield, however when they are used to mint tokens and add to liquidity pools for DeFi, they can earn passive income often at high percentage returns. As DeFi and NFTs are absolutely booming right now, it’s good to know what’s out there and how you could be earning free money.
There are several projects that offer ROI opportunities if you hold NFTs. Here is a list of the 10 best yield-earning NFT DeFiplatforms that let you make money with NFTs:
1. NFTX
NFTX: A community-owned protocol for NFT index funds on Ethereum
NFTX is an innovative platform that allows users to create liquid markets for illiquid non-fungible tokens (NFTs). It allows the creation of ERC20 tokens pegged to NFT tokens. Users can deposit their NFTs into an NFTX vault and mint a fungible ERC20 token (vToken) that represents a claim on a random asset from within the vault. vTokens can be used to redeem a specific NFT from a vault. If you deposit a Punk, you get an ERC20 Punk. You can always redeem the ERC20 Punk for a random same category Punk. The ERC20 tokens are tradeable on Balancer pool PUNK- CORE. If you provide liquidity to the pool, you earn fees. So, NFTX enables you to get instant liquidity from your NFTs without having to sell them.
Benefits include:
LP and stake minted vTokens to earn yield rewards;
better distribution and price discovery for NFT projects;
instantly sell any NFT by minting it as an ERC20 and swapping via Sushiswap; and
increased liquidity for NFT investors and speculators.
NFTX allows owners to mint their NFT collections and earn yield while also offering pieces of those NFTs for sale as fractionalised tokens – allowing multiple investors to co-own a piece of the digital art. So, for example, if you wanted to buy a CryptoPunk but can’t afford it, you could just buy a portion of one instead. By doing this you can be part of the Punk/ETH liquidity pool and earn a staking APR % without having to own a whole Punk outright. At the time of writing, the APR on staking a Punk was 284.38%.
The NFTX project is a DAO governed by the $NFTX token. For NFTX minting tutorials, visit docs.nftx.org. Watch the NFTX: Fractionalised NFT investing video below to learn more:
2. Charged Particles
Charged Particles is a blockchain agnostic interest-bearing NFT and DeFi protocol.
Charged Particles is an innovative NFT minting platform that allows users to deposit any ERC tokens into any non-fungible token (NFT). NFTs can also hold other NFTs! Users can create an NFT that acts as a container for DeFi yield earning tokens, or create multi-tier NFT game assets with several items encapsulated in one single token. The possibilities are literally endless.
If you want, you can combine multiple NFTs and create a new NFT collection set on the platform. A scarce NFT (eg, art, collectibles, virtual real estate, in-game items, etc) can now be transformed into a basket holding a number of other tokens. You can fuse an interest-bearing token like ‘aDai’ with your scarce NFT, configure principal and program interest. The platform is absolutely NFT agnostic, so you decide what will be your charged particle. Customisable time-locks and programmable yield offer infinite abilities for creativity.
Charged Particles is a DAO governed by the $IONX token. To read more on Charged Particles, go to docs.charged.fi. Watch the video below to learn more about what you can do on the Charged Particles platform:
3. DeFiFarms
DeFiFarms is the First NFT-enhanced DeFi Yield Farm!
DeFiFarms is an NFTs protocol, powerful automaticliquidity acquisition yieldfarm and AMM decentralised exchange running on Binance Smart Chain. The governance token of the platform is $DEFIY.
NFTs are the new financial technology. The potential of NFTs and the ERC-721 standard in DeFi is endless. DEFIY’s goal is to be a pioneer and one of the first to have this potential be seen by the masses. The cryptosphere moves fast, and before anyone knows it NFTs will be implemented in every new DeFi project.
DeFiFarms uses NFTs to wrap your stake, which you can burn to unstake or simply sell on the DeFiFarms marketplace. This can mitigate impermanent loss if you deem selling the NFT would earn you more than leaving it staked.
Compared to other crypto projects on the market today, here’s what makes DeFiFarms different:
Automatic Liquidity
Automatic Burning Mechanism
Harvest Lock
Anti-Whale
Redistribution of deposit costs
Affiliate Marketing Program
Incentives when Trading
Watch the What is DeFiFarms video below to learn more:
4. Meme
Farm limited edition NFTs
MEME is an experimental protocol mashing up some of the most exciting innovations in DeFi and crypto collectibles. Put your $MEME to work by farming exclusive NFT memes. Stake LP tokens for access to Meme’s batch of legendary cards.
Meme is a passionate community experimenting at the intersection of DeFi and NFTs. Users can stake meme tokens to earnrewards and claim limited-edition NFT art and collectibles. When you stake $MEME tokens, you farm pineapples. When you have farmed enough pineapples you can redeem them for NFTs. Pineapples are non-transferable, and are only redeemable for NFTs on the Meme marketplace. Users can also stake NFTs they already own on Meme, from partner projects, to farm pineapples and claim more NFTs.
$MEME is the native token for Meme.
5. SuperFarm
SuperFarm is a passionate community building at the intersection of NFTs and DeFi
SuperFarm empowers NFT creators, collectors and traders to participate in an NFT marketplace that is open and accessible to all.
Currently Super Farm only has an NFT launchpad and NFT farming available, but the roadmap for 2022 includes NFT generation, an NFT marketplace and trading.
Bonus: Sidus, The City of NFT Heroes
Sidus is a play-to-earn gaming model that brings NFT collectibles and yield farming together under one metaverse
NFT Heroes is a collection of 7,500 unique NFTavatars. Users can buy Original NFT Heroes for 0.055 ETH each. Heroes must modify their stats and equipment to create Rare Heroes and Legendary Heroes NFTs through upgrade cards that randomly appear on the project’s website and OpenSea.io once a week.
Gaming Metaverse
The game allows users to be involved in the creative process by customising their own NFT Heroes. Each avatar is its owner’s ticket into the NFT ecosystem, where they can craft, play, trade and earn. The game includes fighting battles, in the same vein as Mortal Kombat.
NFT Yield Farming
Sidus offers Galaxy staking in three tiers: Original, Rare and Legendary. By stakingNFTs, NFT Heroes can farmNFTStokens, which is the native token of the NFT marketplace NFT STARS. These tokens can be used to upgrade players avatars’ armour and buy weapons. Heroes will have real value and provide owners with the opportunity to sell multiple assets simultaneously on the marketplace.
Sidus NFT Heroes were created by NFT256 and include more than 500 artists previously involved in Disney, Sony and Marvel projects. To read more, visit the project’s medium page.
Bonus 2: Star Atlas
Star Atlas is a grand strategy game of space exploration, territorial conquest, political domination, and more
Star Atlas is a virtual gaming metaverse that combines blockchain technology, real-time graphics, and multiplayer video games to offer a unique gaming experience. Not only is Star Atlas enjoyable to play, but it gives players the opportunity to generate real-world revenue by earning in-game tokens and selling unique NFT assets.
Star Atlas is a grand strategy hybrid space game with serverless MMO gameplay. All gameplay will be real-time, and it will use the blockchain to give players ownership over in-game items, add economic-based gameplay mechanics, and implement an economic system inspired by decentralised finance. The game’s governance token is POLIS. Star Atlas is built on the Solana blockchain. To learn more, read the medium here.
A crypto collateral loan is perhaps one of the newest loan types to hit the peer-to-peer crypto lending scene. Emerging cryptocurrency loans services allow any crypto holders to become either the borrower or the lender, offering you the opportunity to bring utility to dormant funds or wallets.
Crypto loans Australia do not operate identically to bank loans; rather, these loans can be carried out through a blockchain platform. Essentially, the borrower offers their crypto as collateral for a loan, which the lender will then deposit to provide the loan funds.
Many of the available marketplaces for these transactions permit borrowers and lenders to search through each other’s offers for the best deals. Using crypto as collateral allows lenders to offer low loan to value ratios (LTVs); therefore, there will be plenty of collateral in circulation even if the market were to fall.
We have compiled a list of the top 10 crypto collateral loan services in Australia, to help you identify some of the best options in circulation.
FiFit describes its service as ‘crypto-backed business solutions’. This company is looking to work with businesses that seek access to extra cash without selling off their assets. FiFit’s process involves validating the company profile and cash requirements against their lending criteria and then providing a secure address for your crypto transfer.
To qualify, you will need to be an active Australian registered company with appropriate bitcoin backed assets. If you qualify, applications can be placed online 24/7.
Oasis is a lending platform that is willing to trade with multiple cryptocurrencies. However, the notable aspect of Oasis is its use of Dai. Dai is described as a ‘smarter digital currency for everyone’. As its value consistently tracks that of the US dollar, Dai claims to be less volatile than other digital currencies on the market.
The Dai wallet operates on the Ethereum blockchain. To complete transactions, you will require ‘gas’, which is an ETH fee – this fee is sent to the miners who maintain the Ethereum blockchain.
There’s no better way to describe Compound than how it describes itself. Compound is an ‘algorithmic, autonomous interest rate protocol’ designed to enable developers to access a plethora of financial applications. Compound is managed by a decentralised community of people in possession of $COMP tokens. It allows you to borrow from many digital currencies, including Ether and Dai.
On the Compound website you can see the market overview, including the top-performing currencies. You can also view the total supply volume and the total borrow volume. When you borrow or lend, you are contributing to the ‘liquidity pool’ rather than borrowing or lending to an individual.
Aave’s liquidity protocol has a similar feel to that of Compound. Described as being open-source and non-custodial, Aave allows its users to earn interest on their deposits and borrowing assets. You can borrow from a handful of digital assets, whether they are stablecoins or altcoins. Putting your assets into the liquidity pool allows users to earn a form of passive income from the repaid interest.
The interest rate on an asset that is in low supply is likely to be higher than that of more readily available assets. To borrow, the collateral you put down in exchange must be of an equivalent loan amount.
If you’re looking for a creative take on a crypto collateral loan, Alchemix has a fantasy-type feel to its platform. The trailer for this lender has a very magical vibe, as do the services it is offering. Alchemix is bringing you the opportunity to spend and save simultaneously, as these loans ‘repay themselves’ over time.
Alchemix has big plans for progression, so much so that one of its eventual plans is to create a recipe book for new users. This should outline various yield strategies that vary by risk to ensure a smooth path to generating good returns.
Binance is already a big name in the crypto world, and it is continuing to thrive in the field of crypto loans. Providing you are a registered Binance user, you can start borrowing. The loan terms are measured in days, ranging from a seven-day turnaround to 180 days. However, as interest is calculated on the hours you borrow for, paying in advance could be beneficial.
Binance Loans supports several collateral options; however, what you can borrow and what you can use as collateral may vary, so ensure you check the full list.
Nebeus is helping you use your crypto to fund daily expenses for more costly ventures, rather than requiring you to sell your assets for more money. Helping you to ‘bridge your crypto and your cash’, Nebeus lets you go beyond just loans. The platform also offers services such as cryptocurrency insurance, a crypto exchange, and crypto renting.
The crypto you put down for a loan can be insured by a $100 million policy, meaning you can have peace of mind that your deposit is safe. Alternatively, you can rent your crypto to the service and earn passive income from this.
Helio is the lending service boasting the widest array of deposit options and loan structures on the market. Helping you to shop around for the loan that will fit you best, Helio has some unique points of interest. One of these is crypto solutions to home ownership, meaning if you’d like to put crypto down as a house deposit, you can.
Helio is also offering the potential to use real-estate NFTs as loan collateral. There are a variety of options available and, at the end of the day, you will still own any crypto you put down as collateral.
When it comes to crypto loans Australia, Bitcoin Dealers can help you leverage your crypto for a loan that meets your needs. Despite having Bitcoin in their name, these guys will buy and sell with a handful of the major cryptocurrencies. Another cool aspect of this company is that you get the option to get off the computer and visit them in-branch if you wish.
Bitcoin Dealers will only lend to companies or sole traders. However, if you are an individual looking to sell your crypto, you can bring it to these guys in exchange for cash.
For approval within 24 hours and the quick transfer of funds, you may want to investigate Matias Group. Not only are its services claimed to be fast, it also has a particularly handy tool on its site – a loan calculator. To use this tool, you’ll simply need to input the amount you’d like to borrow, your loan term, and the currency you’ll be using as your asset.
From there, the calculator will tell you your LTV and the amount of your digital asset you will need to provide. It will also provide some rough estimates for your monthly and total interest, helping to highlight exactly what you can expect from your loan.
Conclusion
There are several pros and cons when considering a crypto collateral loan you should consider, there are very few strings attached, they often don’t require a credit check, and can grant fast access to cash. However, crypto-backed loans also can be more volatile, some offer poor rates for borrowers compared to traditional finance options, you might get margin called, and there might be a higher risk of encountering a scam.
Crypto loans Australia generally allow you to take the role of the lender as well as borrower. You can then take advantage of placing your crypto into staking liquidity pools to generate yield income.
Engagement with any aspects of the new DeFi industry has risks associated and thorough research must be done before even considering to participate in this space. This list is meant as a starting point down the path of introducing you to options for crypto collateral loans within Australia.
In this article we take a look at important crypto dates and events happening in January 2022. Happy crypto new year!
The selected events include Hard Forks, Partnerships, Announcements, Rebranding, Exchange Listings, Releases, Token Swaps, Important Airdrops, Conferences and more.
The event will bring together technology infrastructure providers, content creators, research institutions, international media, investment institutions, science-fiction film creators, game lovers and metaverse enthusiasts to carry out a comprehensive exploration of new forms of life in the Asia-Pacific market.
International Conference on Smart Contracts and Blockchain. The International Research Conference is a federated organisation dedicated to bringing together a significant number of diverse scholarly events for presentation within the conference program.
The North American Bitcoin Conference 2022 will focus on areas such as global adoption of blockchain technology, institutional investments in digital assets, geopolitical threats and opportunities in blockchain, Decentralised Finance (DeFi), CBDCs, stablecoins, and much, much more.
Seasoned cryptocurrency veterans going back as far as 2011 who attended and co-organised the very first-ever bitcoin meetups in Sydney in 2014, with special guests.
Blockchain is set to influence gaming in a big way throughout 2022 and beyond, and one of those lesser known players is the WAX blockchain. Home to some of the most interesting blockchain based card strategy games, WAX appears to be a silent growing in stature.
DAOs, decentralised autonomous organisations that provide self-enforcing open-source protocols, are helping WAX games do this. DAOs bring native tokens and smart contracts that allow the network to remain transparent.
WAX is a purpose-built blockchain and protocol token designed to make e-commerce transactions faster, easier, and safer for all participants. Offering a lot of potential for those who enjoy P2E and also the wider industry of traditional gamers.
To help you out, we’ve compiled a list of what we think are the Best 10 WAX blockchain games using DAOs.
StarShip – a Binance Smart Chain project and a game.
Seeking to bridge the gap between blockchain and business, StarShip may be the NFT-orientated outer-space Pokémon game for you. StarShip is both a Binance Smart Chain project and a crypto game. The main token for this project is $STARSHIP; however, within the game you can mine $KYANITE, which is where the P2E aspect takes place.
Within this NFT game, it’s all about locating and customising the best starship you can get your hands on. If you wish, you can put your tokens toward a pack of NFT cards. These cards allow you to optimise your starships via NFT stacking in local space stations.
If you are more of a mobile gamer, fancying apps such as Candy Crush or Clash of Clans, Clash Dome could be more your style. The phone-app-style games within WAX’s Clash Dome can be gambled on to earn. With the game’s main token being $WAX, most of the mini-games available are pay-to-enter, allowing the tokens to pool for a winner-takes-all outcome.
While these games are typically played by a large group of players, you can play quick 1v1 games instead. $WAX isn’t the only available token; players may also obtain $LUDIO, which can be traded on the exchange or used for in-game powerups.
Alien Worlds – the game dominating the WAX blockchain.
If you’re looking to opt for one of the big-name games running on the WAX blockchain, Alien Worlds is your giant. The NFT metaverse strategy game has seen staggering growth since its original release in mid-2021. Offering NFTs with utility, a Binance-listed token ($TRILIUM), and planet DAOs, Alien Worlds is another space-situated game with some unique features such as earning NFTs by playing the ‘play to earn’ game.
One such feature is the opportunity to ‘teleport’ your $TRILIUM (TLM). Once you connect to MetaMask you can teleport from the Binance Smart Chain to WAX or Ethereum, allowing you more room to move with your earnings. Connection to the metaverse permits you to find a group of explorers – from there, the prospects available are vast.
Currently, Taco is another project that is split in half, with a utility side and a gaming side. While the utility aspect of the project is up and running, much of the game is still in development. The Taco app allows users to earn and trade $TACO tokens at the best market price. It also permits you to transfer $WAX and your tokens to other accounts without fees. Interestingly, you can also find a music player on Taco for your enjoyment.
Taco Universe – the game side – is still in development and aiming to arrive soon on the Apple and Google Play stores. With phase one being the launch and two the landing, you can look forward to creating worlds that feature little taco ingredients.
Farmers World – your typical farming game combined with NFTs.
Another P2E, Farmers World is one of the first farming games to land on the WAX blockchain. Some of the elements featured within the game include mining, construction, cultivation, reproduction, and wild animals.
The game’s NFT marketplace allows players to purchase farm animals, tools, associations, and farm buildings. These are all unique features that contribute to a successful agribusiness lifestyle. Farmers World is rapidly increasing in popularity as this is a game genre that seems to be tried and tested. Adding NFTs and elements of crypto only further intrigues players.
Another collectible card game, Splinterlands is the next game to rival the success of Alien Worlds in terms of sheer popularity among gamers. The game has been in circulation since 2018, but it is only now growing into its boots. If you are a fan of Magic the Gathering or simply enjoy the format of collecting cards and battling with them, Splinterlands might appeal to you.
Splinterlands is a colourful game combining ‘mayhem and magic’. Not only this, but the developers have found a way to combine digital and traditional gameplay, with three available game methods: physical games, digital games, and Splinterlands. There truly are multiple opportunities within this project.
Sony’s Funimation has teamed up with WAX to present NFTs for the anime franchise of Robotech. Originating as a science-fiction series, Robotech has enough of a fanbase to garner interest in the concept of purchasing NFTs based on the show.
In collectible card format, these NFTs are ranked by rarity. With categories such as build, base, bronze, silver and gold, you’ll know exactly whether your purchase is worth its money. Combining cards increases their power level. The WAX blockchain works to ensure that your cards are 100 percent authentic, meaning they cannot be duplicated or changed.
WAX Arena – battle your collection against other players.
Described as enabling users to “collect NFTs, raise power points, and earn WAX”, WAX Arena offers three distinct game modes for you to explore. When beginning the game, you have the option to choose one of four distinct races and create a character that can be linked to your WAX cloud wallet. Much like many of the other game formats in this list, the main objective of WAX Arena is battling against other players with your collection of cards.
The game modes available include player vs player, challenge mode, and player vs environment. The WAX Arena cards feature aesthetic illustrations; the higher your card’s rarity, the more power your character will receive.
Green Rabbit seeks to offer an exciting new experience to the industry of NFT gaming. The Green Rabbit developers claim that the game has been developed with “integrity and ethics” and caters to the industry’s collectors. The Green Rabbit story begins in Nanotopia, and if game lore is of interest, you can find a lengthy dissection on the website.
Within the game, you can get access to chests classed from common to mythic. Inside these chests, players can find the game token $SHELLINIUM, which can be put towards your rabbit. The game also offers concepts such as ANIMA-armour, which you can craft with your tokens.
Train of the Century – trains combine with time travel.
If you’re a train enthusiast, then out of all the WAX blockchain games available this one could be your go-to. Train of the Century presents the opportunity for you to become a railroader – a time-travelling entrepreneur. This means that you can play in any period, providing it has trains.
The cards available are NFT trains of the century. Using the games token, $TOCIEN, you can collect, build, and rule the rails. The game also allows you to purchase commodity cards – the freight that your train can haul – providing the commodity is compatible. For more information about how the game operates, there’s a beta gameplay guide on the website.
Conclusion
We’ve seen NFT avatar meme projects surge in popularity through 2021 and we could see this surge transition into the gaming industry. WAX is providing the next steps towards building this new enterprise of blockchain-based games with low transaction fees and high throughput.
An added layer of ownership and governance will be provided by games adopting DAOs which allow the token holders to have a big part in the organisations, providing an ecosystem that is designed for the players.
Currently, the WAX blockchain is processing more than 80 percent of in-game transactions across all blockchains. With many of the games on this blockchain being play-to-earn (P2E), WAX is ideal for the gamer looking to monetise their time while having fun.
Yet WAX isn’t the only blockchain bringing cryptocurrency and NFTs to gaming. Alongside the metaverse projects and the THETA projects, the future of gaming is looking bright and experimental.
