The Playable future of NFTs

Leveling up! A term that has become ubiquitous in our vernacular. Video games have long been an escape from reality for kids and adults alike. Within the games, players are on a seemingly endless quest to gain an edge. A jacket for an armour boost. A more powerful sword to vanquish the next-level boss. Even a new wide receiver to get a few more touchdowns in your Sunday game against the Bears.

Now, as we look at in-game items, I thought, who better to ask than our in-house Nerds? Co-hosts of NerdFT Radio, CryptoCrier, and RedSoxGuy aka RSG.

Many big game brands have focused their historical attention on console gaming. One of the big problems with this is the high costs associated with the setup. Additionally, they are not portable. We now have a new generation of players who grew up playing video games on mobile devices. Much of the developing world won’t have big-screen TVs and an Xbox at home, but they do have tablets and smartphones.

As the platform you access the game from becomes less (or not at all) important, the conversation shifts to where does the game live? Blockchain technology feels like the simplest and most obvious answer to this.
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DFK Sails to Klaytn

Here today, gone tomorrow! When the Harmony network was exploited for $100M , DeFi Kingdoms (DFK) was the blameless victim of the hack. Making up as much as 90% of the traffic on the Harmony network, the popular game bore the brunt of the fallout.

In a recent release, DFK announced it was leaving the Harmony chain and heading to Klaytn.

So why go to a chain so few people have heard of? Klaytn is more centralized than many blockchains. We have different theories as to why Klay chose centralization. … Continue readingDFK Sails to Klaytn

Autumn Predictions

Crystal balls, tea leaves and palm lines. Are these practices any more or less reliable than monetary policy? It often seems like Jerome Powell and his cronies at the Fed are just making it up as he goes, doesn’t it? The sad reality is monetary policy is reflectionary and often influenced more by election cycles than data. It examines events that have already occurred and then makes adjustments based on yesterday.

Crypto doesn’t exist in a vacuum. We often forget it isn’t an isolated market. Sometimes Eth is down because some old white man in Washington was grumpy and made a bad decision. As a crypto investor I find it important to separate overall market and economic conditions from web3 conditions. It is possible to be bullish on crypto as economic conditions are making crypto profits seem like a pipe dream.

So what does the economic data mean for crypto? … Continue readingAutumn Predictions

Layer 1s

Decisions decisions decisions. Choosing a blockchain is kinda like choosing an outfit for a fancy occasion.Similar to a bad outfit, being on the wrong chain at the wrong time can leave you standing out in a crowd for all the wrong reasons.

So why is layer 1 important? Ethereum was the first smart contract layer 1. Many smart contract platforms have developed to try and compete with Ethereum. A few major players in this space are Avalanche, Solana, Binance chain, Algorand, Cosmos, Cardano, and Harmony. Each of these chains offers a currently improved transaction speed.

Can a project survive if it is not a layer 1?
Are subnets a viable solution?
What is our personal investment strategy? … Continue readingLayer 1s

Market Chaos

How does someone suffering market PTSD act boldly to take advantage of the current market? Though it may have been good for purveyors of heart medication, whiskey and antacids, investor watched as billions of dollars in market cap vanished into thin air. The bear has emerged from hibernation and has been feasting on portfolios.

When the fear subsidies the volume will pick up. I get many of you either don’t believe me, or are asking BUT WEN? WEN VOLUME? WEN MOON? WEN CANUCK WEN?

Spoiler Alert- Nobody really knows. History however does leave some clues which we can examine.

Continue readingMarket Chaos