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Gala Games Announces Launch Date For Spider Tanks

01 Sep 2022

Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region.

Bitcoin (BTC) briefly fell below $20,000 on Thursday, as crypto traders began to anticipate tomorrow’s non-farm payrolls report.

Following an additional 528,000 jobs in the U.S. economy in July, last month’s figure is expected to show an increase of 300,000.

Ahead of the report BTC/USD slipped to an intraday low of $19,862.02, which is over $500 lower than yesterday’s peak at $20,390.28.

Looking at the chart, the drop comes as the 14-day relative strength index (RSI) fell below its resistance point of 37.90, and is now tracking at 37.00.

The momentum of the 10-day (red) moving average also continues to be bearish, with the trend line maintaining its downward trajectory.

Should tomorrow’s payrolls report disappoint, then we could see bitcoin fall towards its recent support level at $19,500.

Like bitcoin, ethereum (ETH) was also lower in today’s session, as the token fell below $1,600 earlier in the day.

Following a high of $1,612.36 on hump day, ETH/USD dropped to a low of $1,536.55 on Thursday, falling below its floor of $1.550 in the process.

Shortly after this breakout, bulls opted to return, buying the dip, which has in turn pushed prices back above this support point.

As of writing, ethereum is now tracking at $1,577.39, with the RSI currently at 46.69, with bulls still targeting a resistance level of 50.00.

Depending on the sentiment of tomorrow’s jobs report, we could see bullish pressure intensify, sending prices above not only $1,600, but close to $1,700.

However, there are still some signs of bears in the market, which could trigger a price reversal, especially the closer we get to the ceiling of $1,625.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Bitcoin, BTC, Crypto, Crypto markets, Cryptocurrency, ETH, Ethereum

Do you expect a strong non-farm payrolls report on Friday? Leave your thoughts in the comments below.

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Bitcoin once again slipped below $20,000, as market uncertainty rose ahead of Friday’s Non-farm payrolls report. Tomorrow’s payrolls are expected to come in at 300,000 jobs, which is lower than July’s 528,000 figure. Ethereum also declined, as the price moved away from the $1,600 region.

Bitcoin (BTC) briefly fell below $20,000 on Thursday, as crypto traders began to anticipate tomorrow’s non-farm payrolls report.

Following an additional 528,000 jobs in the U.S. economy in July, last month’s figure is expected to show an increase of 300,000.

Ahead of the report BTC/USD slipped to an intraday low of $19,862.02, which is over $500 lower than yesterday’s peak at $20,390.28.

Looking at the chart, the drop comes as the 14-day relative strength index (RSI) fell below its resistance point of 37.90, and is now tracking at 37.00.

The momentum of the 10-day (red) moving average also continues to be bearish, with the trend line maintaining its downward trajectory.

Should tomorrow’s payrolls report disappoint, then we could see bitcoin fall towards its recent support level at $19,500.

Like bitcoin, ethereum (ETH) was also lower in today’s session, as the token fell below $1,600 earlier in the day.

Following a high of $1,612.36 on hump day, ETH/USD dropped to a low of $1,536.55 on Thursday, falling below its floor of $1.550 in the process.

Shortly after this breakout, bulls opted to return, buying the dip, which has in turn pushed prices back above this support point.

As of writing, ethereum is now tracking at $1,577.39, with the RSI currently at 46.69, with bulls still targeting a resistance level of 50.00.

Depending on the sentiment of tomorrow’s jobs report, we could see bullish pressure intensify, sending prices above not only $1,600, but close to $1,700.

However, there are still some signs of bears in the market, which could trigger a price reversal, especially the closer we get to the ceiling of $1,625.

Register your email here to get weekly price analysis updates sent to your inbox:

Tags in this story
Analysis, Bitcoin, BTC, Crypto, Crypto markets, Cryptocurrency, ETH, Ethereum

Do you expect a strong non-farm payrolls report on Friday? Leave your thoughts in the comments below.

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information.

Officers from the Main Investigative Department of Ukraine’s National Police and the Security Service of Ukraine (SBU) have dismantled a criminal group running schemes designed to misappropriate funds from citizens of the country and a number of EU nations. Its members offered investors to participate in exchange trading of crypto assets, securities, and commodities.

Investigators found that the scammers established a network of call centers and presented themselves as officials from state banking institutions in order to obtain credit card data. They used high-tech equipment and software which allowed them to change their phone numbers to appear as if they were the official numbers of the banks.

The organizers of the scheme employed fake websites and exchange platforms for trading fiat and digital currencies, securities, gold, and oil. To attract investment funds they promised excess profits in a short period of time, the National Police of Ukraine detailed in a press release published Tuesday.

What’s more, the fraudsters also gained access to a database with the contact information of foreign nationals who had been targeted in similar attempts in the past. On behalf of a so-called “Community of cryptocurrency brokers,” they offered the victims to track and return their stolen cryptocurrency for a “commission.”

After accepting the services of the non-existent entity, these people were sent details for the transfer of the commission to accounts controlled by the members of the criminal scheme. After receiving the funds, the “brokers” suddenly interrupted communication and the lost cryptocurrency was never returned.

In searches conducted by Ukrainian law enforcement at the addresses of the call centers, computer equipment, mobile phones, and records confirming the illegal activities were seized. If found guilty under the provisions of Ukraine’s Criminal Code for large-scale fraud committed by an organized group and the use, distribution, or sale of harmful software, the perpetrators may face up to 12 years in prison.

Do you think the Ukrainian crypto fraudsters will be convicted in court? Tell us in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons, National Police of Ukraine

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information.

Officers from the Main Investigative Department of Ukraine’s National Police and the Security Service of Ukraine (SBU) have dismantled a criminal group running schemes designed to misappropriate funds from citizens of the country and a number of EU nations. Its members offered investors to participate in exchange trading of crypto assets, securities, and commodities.

Investigators found that the scammers established a network of call centers and presented themselves as officials from state banking institutions in order to obtain credit card data. They used high-tech equipment and software which allowed them to change their phone numbers to appear as if they were the official numbers of the banks.

The organizers of the scheme employed fake websites and exchange platforms for trading fiat and digital currencies, securities, gold, and oil. To attract investment funds they promised excess profits in a short period of time, the National Police of Ukraine detailed in a press release published Tuesday.

What’s more, the fraudsters also gained access to a database with the contact information of foreign nationals who had been targeted in similar attempts in the past. On behalf of a so-called “Community of cryptocurrency brokers,” they offered the victims to track and return their stolen cryptocurrency for a “commission.”

After accepting the services of the non-existent entity, these people were sent details for the transfer of the commission to accounts controlled by the members of the criminal scheme. After receiving the funds, the “brokers” suddenly interrupted communication and the lost cryptocurrency was never returned.

In searches conducted by Ukrainian law enforcement at the addresses of the call centers, computer equipment, mobile phones, and records confirming the illegal activities were seized. If found guilty under the provisions of Ukraine’s Criminal Code for large-scale fraud committed by an organized group and the use, distribution, or sale of harmful software, the perpetrators may face up to 12 years in prison.

Do you think the Ukrainian crypto fraudsters will be convicted in court? Tell us in the comments section below.

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

Image Credits: Shutterstock, Pixabay, Wiki Commons, National Police of Ukraine

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.

Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults linked to Orca’s liquidity “whirlpools.”

Kamino Finance builds on the advantages of CLMM’s, which reduce slippage and facilitate larger trades by narrowing the price range at which users provide liquidity.

By automatically adjusting positions so they are set in an optimum range to capture the most fees and provide the deepest liquidity, Kamino removes common pain points for CLMM liquidity providers (LPs). In addition, Kamino automatically compounds CLMM fees and rewards back into users’ LP positions, boosting yields as position sizes grow.

Marius Ciubotariu, the co-founder of Hubble Protocol, says: “Managing profitable LP positions has been notoriously difficult due to the complexities posed by CLMMs and the increased risk of impermanent loss when prices swing the wrong way, as well as front-running by bots – common on Ethereum.

“Thanks to the lightning-speed throughput of the Solana blockchain, Kamino is able to provide LPs with higher yields and maximum capital efficiency. This fully realizes the potential of CLMMs. With Kamino, we hope to be paving the way for DeFi’s next explosive period of growth on the Solana DeFi ecosystem.”

Instead of the usual CLMM NFT, Kamino will provide LPs with a fungible LP token as a receipt of deposit. This LP token can be used as collateral to borrow USDH, Hubble’s censorship-resistant stablecoin, which can then be used to transact or earn further yield in Solana DeFi.

Hubble will build the first Kamino vaults on top of Orca’s concentrated liquidity whirlpools. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future.

Milan Patel, Head of Business Development at Orca, says: “By building upon Whirlpools, Hubble has created a simple way for liquidity providers to access the benefits of concentrated liquidity without continuous rebalancing. Hubble’s Kamino project demonstrates how concentrated liquidity on Orca can be easily harnessed by all users and protocols.”

About Hubble Protocol

Hubble Protocol enables the Solana DeFi community to borrow USDH, a censorship-resistant and crypto-backed stablecoin. By depositing a range of bluechip crypto tokens such as SOL, BTC, ETH, liquid staking tokens like mSOL, stSOL, and daoSOL, and a growing number of assets, users can mint USDH at up to an 80% LTV.

USDH can be used on multiple protocols across the Solana DeFi ecosystem to transact and earn yield. The Hubble team is completing a roadmap that includes improvements to the current USDH borrowing platform as well as the launch of new products and services, like Kamino, that bring real and long-term value to DeFi.

About Kamino Finance

Kamino Finance is an automated market-making solution built on DEXs powered by concentrated liquidity. The protocol optimizes CLMM liquidity by leveraging the superior speed and cost of Solana to rebalance positions and auto-compound fees plus rewards on behalf of users.

As an automated product guided by quantitative analysis and modeling, Kamino seeks to provide users with a market-making tool that requires little to no expertise for participation. LPs can “set it and forget it” to maximize their earned fees and minimize IL when providing liquidity via Kamino.

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. LONDON | August 30, 2022 – Hubble Protocol, home of the USDH stablecoin, has launched Kamino Finance: the first concentrated liquidity market maker (CLMM) optimizer of its kind on the Solana blockchain.

Kamino Finance, launching initially on next-generation decentralized exchange (DEX) Orca, will allow users to earn higher yields in a fully automated way simply by depositing their crypto into vaults linked to Orca’s liquidity “whirlpools.”

Kamino Finance builds on the advantages of CLMM’s, which reduce slippage and facilitate larger trades by narrowing the price range at which users provide liquidity.

By automatically adjusting positions so they are set in an optimum range to capture the most fees and provide the deepest liquidity, Kamino removes common pain points for CLMM liquidity providers (LPs). In addition, Kamino automatically compounds CLMM fees and rewards back into users’ LP positions, boosting yields as position sizes grow.

Marius Ciubotariu, the co-founder of Hubble Protocol, says: “Managing profitable LP positions has been notoriously difficult due to the complexities posed by CLMMs and the increased risk of impermanent loss when prices swing the wrong way, as well as front-running by bots – common on Ethereum.

“Thanks to the lightning-speed throughput of the Solana blockchain, Kamino is able to provide LPs with higher yields and maximum capital efficiency. This fully realizes the potential of CLMMs. With Kamino, we hope to be paving the way for DeFi’s next explosive period of growth on the Solana DeFi ecosystem.”

Instead of the usual CLMM NFT, Kamino will provide LPs with a fungible LP token as a receipt of deposit. This LP token can be used as collateral to borrow USDH, Hubble’s censorship-resistant stablecoin, which can then be used to transact or earn further yield in Solana DeFi.

Hubble will build the first Kamino vaults on top of Orca’s concentrated liquidity whirlpools. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future.

Milan Patel, Head of Business Development at Orca, says: “By building upon Whirlpools, Hubble has created a simple way for liquidity providers to access the benefits of concentrated liquidity without continuous rebalancing. Hubble’s Kamino project demonstrates how concentrated liquidity on Orca can be easily harnessed by all users and protocols.”

About Hubble Protocol

Hubble Protocol enables the Solana DeFi community to borrow USDH, a censorship-resistant and crypto-backed stablecoin. By depositing a range of bluechip crypto tokens such as SOL, BTC, ETH, liquid staking tokens like mSOL, stSOL, and daoSOL, and a growing number of assets, users can mint USDH at up to an 80% LTV.

USDH can be used on multiple protocols across the Solana DeFi ecosystem to transact and earn yield. The Hubble team is completing a roadmap that includes improvements to the current USDH borrowing platform as well as the launch of new products and services, like Kamino, that bring real and long-term value to DeFi.

About Kamino Finance

Kamino Finance is an automated market-making solution built on DEXs powered by concentrated liquidity. The protocol optimizes CLMM liquidity by leveraging the superior speed and cost of Solana to rebalance positions and auto-compound fees plus rewards on behalf of users.

As an automated product guided by quantitative analysis and modeling, Kamino seeks to provide users with a market-making tool that requires little to no expertise for participation. LPs can “set it and forget it” to maximize their earned fees and minimize IL when providing liquidity via Kamino.

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework

Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)'s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.

PRESS RELEASE. LONDON, August 24, 2022 – Standing at the forefront of culture and blockchain technology, LTD.INC, a highly curated platform that partners with iconic artists, creators and brands to launch ultra-rare physical + digital NFT collections and experiences, today announced their partnership with the Chi Modu Estate by launching a new collection featuring three of the late photographer’s iconic images of ’90s hip hop royalty – Mary J. Blige, Method Man and Nas. The collection includes NFC-infused prints and digital NFTs that will give collectors instant authentication – retrieved using the platform’s proprietary NFC scanning app and technology – and access to exclusive digital content and communities.

Along with bringing more of Modu’s work to web3, LTD.INC will use the collection to showcase how the blockchain can support traditional artists by allowing the estate to generate revenue streams and royalties through secondary sales.

“We’re extremely excited to share original Chi Modu photographs with the world with physical and digital products that will both exist on the blockchain,” said Daryl Kelly, CEO of LTD.INC. “By leveraging smart contract technology, we’re giving artists back ownership over their work during its lifespan and, most importantly, creating equity for creators in an imbalanced financial ecosystem.”

The collection consists of one image each (three total) of Mary J. Blige, Method Man and Nas that will generate seven NFC-infused prints and 77 digital NFTs of each image, as an homage to Modu’s lucky number seven. The prints are accompanied by a digital twin to provide proof of ownership on the blockchain as well as access to exclusive digital communities, evolving how artists can communicate with fans by engaging them wherever they are.

“Chi Modu believed art should be accessible to everyone, and he owned the rights to his work so he could continue to share it with the communities that inspired him and his subjects,” said Sophia Modu, Manager of the Chi Modu Estate. “Our innovative collection with LTD.INC empowers creators and collectors alike by not only making Chi’s work accessible to everyone in a way that guarantees fans own an authentic piece of his work, but also allows us to stay involved and receive revenue through secondary sales. We’re able to further cement Chi’s belief in making art accessible for all.”

A portion of the proceeds will go toward the Chi Modu Foundation, which aims to provide classes and mentorship opportunities for kids and young adults in the arts. The collection will be available for initial purchase at ltd.inc. Follow LTD.INC on Twitter and Instagram for the drop date and further updates.

About LTD, INC.

LTD.INC is a highly curated platform that partners with iconic artists, creators and brands to launch ultra-rare physical + digital NFT collections and experiences via the Ethereum blockchain and NFT technology. Established in London in 2020, LTD.INC’s drops are designed to exist in real life, on the blockchain and in the metaverse bridging the gap between the physical and virtual economies across the worlds of art, design, fashion, lifestyle, luxury, music and sport. LTD.INC’s mobile app and scanning technology allows its collectors instant authentication and access to exclusive content and experiences and enables creators to manage and monetize distribution of their IP through the secondary market. For more information, please visit ltd.inc. Invest In Culture.

About Chi Modu

Chi Modu was a visionary photographer whose images defined the ‘90s hip hop movement, developing relationships with and capturing iconic moments of then-budding musicians including Tupac Shakur, Notorious B.I.G., Mary J. Blige and LL Cool J. His ability to portray artists as real people rather than one-dimensional celebrities allowed him to capture some of the most memorable images of that era, including “Tupac Smoking” and “Biggie WTC.” Chi’s mission was to make his art inclusive and accessible by bringing it directly to the people. The Chi Modu Estate supports the Chi Modu Foundation, which aims to provide classes and mentorship opportunities for kids and young adults in the arts. For more information, please visit chimodu.com.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

PRESS RELEASE. LONDON, August 24, 2022 – Standing at the forefront of culture and blockchain technology, LTD.INC, a highly curated platform that partners with iconic artists, creators and brands to launch ultra-rare physical + digital NFT collections and experiences, today announced their partnership with the Chi Modu Estate by launching a new collection featuring three of the late photographer’s iconic images of ’90s hip hop royalty – Mary J. Blige, Method Man and Nas. The collection includes NFC-infused prints and digital NFTs that will give collectors instant authentication – retrieved using the platform’s proprietary NFC scanning app and technology – and access to exclusive digital content and communities.

Along with bringing more of Modu’s work to web3, LTD.INC will use the collection to showcase how the blockchain can support traditional artists by allowing the estate to generate revenue streams and royalties through secondary sales.

“We’re extremely excited to share original Chi Modu photographs with the world with physical and digital products that will both exist on the blockchain,” said Daryl Kelly, CEO of LTD.INC. “By leveraging smart contract technology, we’re giving artists back ownership over their work during its lifespan and, most importantly, creating equity for creators in an imbalanced financial ecosystem.”

The collection consists of one image each (three total) of Mary J. Blige, Method Man and Nas that will generate seven NFC-infused prints and 77 digital NFTs of each image, as an homage to Modu’s lucky number seven. The prints are accompanied by a digital twin to provide proof of ownership on the blockchain as well as access to exclusive digital communities, evolving how artists can communicate with fans by engaging them wherever they are.

“Chi Modu believed art should be accessible to everyone, and he owned the rights to his work so he could continue to share it with the communities that inspired him and his subjects,” said Sophia Modu, Manager of the Chi Modu Estate. “Our innovative collection with LTD.INC empowers creators and collectors alike by not only making Chi’s work accessible to everyone in a way that guarantees fans own an authentic piece of his work, but also allows us to stay involved and receive revenue through secondary sales. We’re able to further cement Chi’s belief in making art accessible for all.”

A portion of the proceeds will go toward the Chi Modu Foundation, which aims to provide classes and mentorship opportunities for kids and young adults in the arts. The collection will be available for initial purchase at ltd.inc. Follow LTD.INC on Twitter and Instagram for the drop date and further updates.

About LTD, INC.

LTD.INC is a highly curated platform that partners with iconic artists, creators and brands to launch ultra-rare physical + digital NFT collections and experiences via the Ethereum blockchain and NFT technology. Established in London in 2020, LTD.INC’s drops are designed to exist in real life, on the blockchain and in the metaverse bridging the gap between the physical and virtual economies across the worlds of art, design, fashion, lifestyle, luxury, music and sport. LTD.INC’s mobile app and scanning technology allows its collectors instant authentication and access to exclusive content and experiences and enables creators to manage and monetize distribution of their IP through the secondary market. For more information, please visit ltd.inc. Invest In Culture.

About Chi Modu

Chi Modu was a visionary photographer whose images defined the ‘90s hip hop movement, developing relationships with and capturing iconic moments of then-budding musicians including Tupac Shakur, Notorious B.I.G., Mary J. Blige and LL Cool J. His ability to portray artists as real people rather than one-dimensional celebrities allowed him to capture some of the most memorable images of that era, including “Tupac Smoking” and “Biggie WTC.” Chi’s mission was to make his art inclusive and accessible by bringing it directly to the people. The Chi Modu Estate supports the Chi Modu Foundation, which aims to provide classes and mentorship opportunities for kids and young adults in the arts. For more information, please visit chimodu.com.

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.

PRESS RELEASE. Jackson, Wyoming (August 29, 2022)Gala Games, the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks, the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today Gala is kicking off a limited time sale for its Spider Tanks Planetary Nodes.

Planetary Nodes will be operated by community members who have purchased licenses in this sale. In return for using their computing resources to power the decentralized Spider Tanks ecosystem, Node operator-owners will earn regular rewards. More information about Planetary Nodes can be found at Gala.Games.

Developed by award-winning Netherlands-based GAMEDIA, this futuristic esports tank game is free to play, but also incorporates a variety of play-to-earn mechanics that center around skill-based competition, resource collection, and a player-driven upgrade cycle to earn real rewards. In Spider Tanks, players create their own unique crawly contender by assembling tank bodies and weapons in their garage. Once their “Spider Tank” is complete, it’s on to mech mayhem as the mechanical monsters battle it out in Spider Tanks arena maps.

This esports brawler lets you play with a close group of friends or test your skills in high-stakes competition. Almost 25,000 players participated weekly in a recent public playtest, which resulted in a total of more than 600,000 matches. Fully tradable and upgradeable weapons, tanks and bodies can be found in the Spider Tanks store.

“Yet again we are ushering in new firsts in gaming as we get set to launch the first Web PvP esports brawler with earnings. Both players who play for free and those who choose to make purchases can be rewarded for their efforts,” said John Osvald, President of Games at Gala Games. “The launch of this game, coupled with that of our own blockchain, is further cementing our commitment to empowering gamers through ownership.”

Gala Games has recently released information on new game features including:

About GAMEDIA

GAMEDIA is an award-winning game studio from the Netherlands with an extensive track record and history. The long list of games they have developed are mostly based on well-known entertainment IP’s and have seen the light on a wide range of platforms and hardware. Currently they are focused on creating their own high quality multiplayer games for PC and consoles, as well as mobile.

About Gala Games

Gala Games is a pioneer in Web3 games that uses decentralization, player ownership and reward economies to create a revolutionary new way of gaming. With dozens of games on the horizon and several already in various stages of presale or beta play, Gala is quickly becoming the world leaders in own-your-experience gaming. Learn more at Gala.Games.

For more information please visit

Gala.Games

Join the conversation Discord @ GalaGames.Chat

@GoGalaGames

#GoGalaGames

Media Contacts:

Gala Games:

Susan Lusty: Susan@susanlustycomm.com 415-269-0226

Lori Mezoff: LoriMezoff@gmail.com 201-637-2895

 

 

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.

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