Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to also have impacted the P2E sector. Now that the hype is “over,” investors and developers will need to identify new value propositions that catalyze growth and steady investment into the blockchain gaming sector. Here’s a closer look at some of the trends that could emerge …

Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the Federal Reserve's and other central banks' tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain. Bitcoin and Ether (ETH) prices plummeted on Thursday night on the cryptocurrency market, shedding about $150 billion from the market. Over the last 24 hours, Bitcoin has lost roughly 7.9% of its value to as …

The wide world of crypto has always been made up of people who know a lot about money. After all, cryptocurrencies themselves are financial products. The paradigm-shifting elevator pitch of Web 3.0 has always been able to pique the interest of investors, and over the last couple of years, we’ve seen an extraordinary amount of money flowing freely into the industry. Those funds have come both in the form of direct investment — venture capital (VC) and now decentralized autonomous organizations (DAOs) and indirect investment — institutional acquisition of cryptocurrencies driving token prices up and bolstering the crypto-based treasuries of …

The story of the IreneDAO NFT craze started in October when 28-year-old Chinese crypto influencer and model Yuqing Irene Zhao came up with the idea for “So-Col” with her business partner, Benjamin Tang. So-Col is short for “Social Collectables,” Irene explained to Cointelegraph, and the platform aims to help content creators monetize their content and build communities with their fans. Branded as the “decentralized version of OnlyFans, Discord, Twitch, and Patreon,” the platform allows content creators and influencers to convert their social media content into non-fungible collectible items (NFTs.) It is powered by StarkWare’s layer-two solution StarkEx and leverages the …

Late Saturday, Spice DAO, a decentralized autonomous organization that owns a copy of an unpublished manuscript of Frank Herbert and Alejandro Jodorowsky's never completed Dune film, announced its roadmap going forward. In the Tweet, Spice DAO said it would "Make the book public, produce an original animated limited series inspired by the book and sell it to a streaming service, and support derivative projects from the community." The group had previously won the Christie's auction in November for the copy's sale at 2.66 million euros, or about 89 times its price estimates at the midpoint. However, there was just one …

Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry. The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable. The Mark Cuban-backed project’s treasury has added over 5 million carbon offset tokens since late Nov. 2021, bringing the total to 14.5 million as of the time of writing. Its offsets are tokenized and bridged to Polygon (MATIC) in the form of Base Carbon Tonnes (BCT) by Toucan Protocol …

From the very beginning of the cryptocurrency movement, the societal potential of Bitcoin (BTC) has been one of the fundamental selling points. The decentralized design of crypto-based systems introduces the possibility of bringing individuals together to work toward shared goals, as well as enabling them to pool resources while remaining insulated from outside control. 2021 saw a number of cases that could serve as evidence of this emancipatory power of digital assets. ConstitutionDAO: $49 million raised in a few days Arguably, the most high-profile case of a massive fundraising effort enabled by a decentralized autonomous organization in 2021 was ConstitutionDAO. …

With the world shifting faster than ever towards remote work and freelancers becoming indispensable to companies in ways never seen before, the hiring process has been clearly lagging behind. Mainstream freelancing platforms are biased towards the client. Employers often have more power than freelancers in terms of dispute resolutions, governance and fees. Payments made towards freelancers are subjected to hidden intermediary fees, as well as long withdrawal times. Powered by a blockchain ecosystem, HYVE wants to solve the problems of the freelancing industry through a decentralized platform. The mainnet launch With a deployment consisting of four stages, HYVE launched its …

No sector of the economy or indeed life is safe from nonfungible tokens (NFTs) or tokenization. Golf is the latest sport to succumb to the lure of NFTs and a round of decentralization thanks to the efforts of LinksDAO. In a sold-out NFT drop, LinksDAO raised $10.5 million to fund its golfing aspirations. More than 9,000 “leisure membership” and “global membership” NFTs were purchased on the OpenSea platform, exchanged for Ether (ETH). It would seem that while 2021 was a thriving year of decentralized autonomous organization (DAO) activity, with some treasuries surging in value by 40x, golf is also now …

Inflation is increasing, and alongside them are growing interest rates. That is, on everything but your savings held in the bank. The sad reality is in 2021, the average American savings account is only paying 0.06% interest annually, with neighboring countries, including Canada offering little more. Since banks don’t want users’ money, those who have their life earnings in a savings account have little hope to grow their wealth. For this reason, traditional finance is quickly being beaten out by decentralized finance (DeFi), a concept that eliminates the middleman, thereby reducing fees, and opens the door to many in need …

Play It Forward DAO (PIF DAO) has kicked off 2022 by announcing it has raised $6 million from private investors, only six months after launching. The DAO includes a guild of over 40,000 players and 3,000 scholars across the Philippines and Indonesia, all of which are managed via a play-to-earn (P2E) scholar management program. Currently, the DAO has players across several notable Metaverse P2E games, including Axie Infinity, Thetan Arena, Pegaxy, and Dragonary. Co-founder Cholo Maputol told Cointelegraph that the funds will be used to scale the DAO’s scholarship programs, scale up its P2E board platform, and finance some early-stage …

Decentralized autonomous organizations (DAOs) started out as a simple concept envisioned as organizations, created by an idea and fueled by developers, that automate business functions and processes by leveraging smart contracts and all the fundamental tenets of blockchain. The core idea was to flatten the complex business process that various organizations are mired in and facilitate movement of assets to a very future-oriented digital interaction that needed no intermediaries — promising faster, cheaper and more transparent transaction processing. By replacing many intermediaries, the DAOs themselves acted as digital intermediaries that provide transparency and scale, giving them the stature of an …