While metaverse and cryptocurrency seem to be integrated by the third generation of the internet (web3), participating in the metaverse project could be another great opportunity for crypto enthusiasts to win big.
Getting massive returns on investments is every crypto Investors dream. To that effect, investors are always on the lookout for any crypto that can offer this service. The creation of new cryptos every day is supposed to solve this issue, but it’s not as easy as it seems. Mehracki (MKI), Avalanche (AVAX), and Axie Infinity (AXS) are three coins that are currently making investors happy. Here’s why you should join them!
One thing’s for sure, this is not the end. Instead, this is just the beginning of something bigger than we could imagine. Of course, the crash that occurred the past few days almost brought a chunk of the crypto community to its knees, with the highlight showing Bitcoin (BTC) dropping to levels tagged with doom.
In late March, the Ronin Network was exploited for more than $600 million worth of Ethereum in what was the largest DeFi attack to date. At the time, the team behind the Ethereum-linked sidechain of the popular crypto game Axie Infinity stated that the attacker gained access to the majority of validators nodes and was able to sign transactions, and made away with 173,600 ETH and 25.5M USDC.
On Wednesday, Binance announced that it had led Sky Mavis’ $150 million financing round, which saw the participation of a number of prominent crypto-focused investors, including Animoca Brands, a16z, Dialectic, and Paradigm.
Ronin Network, the Ethereum-linked sidechain of the popular crypto game Axie Infinity has been exploited for $625 million worth of Ethereum and USD Coin. The team wrote in a statement that the attacker gained access to five of the nine Ronin chain’s validator nodes (4 Sky Mavis validators and 1 Axie DAO), which granted the attacker the ability to sign transactions and ultimately to make away with 173,600 ETH and 25.5M USDC.
The uptrend observed during Week 11 has continued throughout Week 12 as well, causing the total capitalization of the crypto market to further grow. While it stood at just $1.92 trillion at the beginning of last week, it has grown back above $2 trillion, to $2.07 trillion, to be exact, by the end of the week. Do you think the that we are back on track to reclaim the $3 trillion crypto market valuation, or will the market cap soon drop below $2 trillion again? The fact is, nobody knows for sure, but by keeping an eye on one (or all) of our top 3 coins to watch, you can never do wrong.
Axie Infinity is a rapidly growing NFT game. It has already come a long way over the past few years, and it looks like the developers aren’t planning to slow down, making the game better and better.
Sky Mavis, the creators and developers of play-to-earn (P2E) sensation Axie Infinity (AXS), have launched a governance token for its Ethereum sidechain the Ronin Network. The RON token will be used to pay for gas fees on Ronin, while providing several decentralized finance (DeFi) extras, including staking and community governance.