Game On 🎮
Blockchain gaming prediction: $614 billion by 2030. FTX vs IRS: The tax showdown. FIFA kicks off NFT collection. Google Cloud joins forces with XPLA. Also, there's new Google rules for crypto ads.
Hello, y'all. Music fans can now discover new and unique sounds from up-and-coming artists. Check out 👉 Asset - Your Music Stats.
The music we missing?👇
This is The Token Dispatch 🙌 you can hit us on telegram 🤟
Lately in the Web3 world
Crypto: It's all good and up🔆
NFTs: Is NFT winter over? 🕵️
Stablecoins: It's Stablecoins' Turn ↩️
And what about gamers?
The global blockchain gaming market is about to take home a box office record according to Fortune Business Insights.
The Numbers Speak
Current Game: The market is currently valued at $154 billion.
Growth Spurt: The market is growing at 21.8% Compound Annual Growth Rate (CAGR).
The Grand Finale: By 2030, the blockchain gaming industry is predicted to reach $614 billion, marking a growth rate of nearly 299% in just six years.
Here are the winners
In 2022, North America led the way. $30 billion in blockchain game item purchases. 24% of the total market share.
Role-playing games are taking the spotlight. 33% of the market share in 2022. And they're not done yet.
Web-based blockchain games dominate. Android-based games are gradually gaining ground.
Over 75% of blockchain games launched between 2018 and 2023 have faced difficulties and failed to thrive.
NFTs and crypto elevates the experience
Blockchain and NFTs are reshaping gaming, offering new possibilities.
Ownership in virtual worlds.
Monetisation of digital content.
Trade in-game items as valuable NFTs.
NFTs foster community.
Empower gamers to earn from their gaming time.
The C1 Secondaries Fund
A fund with $500 million in assets, focusing on digital assets.
The fund is eyeing investments in crypto firms like Animoca Brands and Chainalysis.
Investment Range: Willing to write $20-50 million checks for private holdings in crypto firms valued at $300 million and above.
The fund aims to acquire Animoca Brands shares at a 75% discount and Chainalysis shares at a 63% discount.
The move coincides with a crypto market surge, with Bitcoin surpassing $40,000 and NFT trading volume nearing $1 billion in November.
Google Cloud and XPLA
Google Cloud has become the first "volunteer validator" on the XPLA gaming chain, a blockchain network founded by South Korean game publisher Com2uS.
Jack Buser, general director of Google Cloud Game Industry Solutions.
“We hope to accelerate the growth and innovation of Web3 games based on the secure and high-performance Google Cloud infrastructure.”
The XPLA network is currently voting on the proposal to introduce the volunteer validator feature, and it has garnered 100% support from the community so far.
Notable games on XPLA
The Walking Dead: All-Stars
Summoner’s War: Chronicles
Ace Fishing: Crew
All based on existing intellectual property adapted for play-to-own blockchain games.
Google Cloud's Blockchain Activities
Participated as a validator in various blockchain networks, including Solana, Tezos, Aptos, Polygon, and Celo.
Partnered with Coinbase to accept cryptocurrency payments.
Launched a program offering benefits for crypto firms, in partnership with networks like Solana, Aptos, Near, and Hedera.
TTD Numbers🔢
$24 billion
FTX debtors have raised concerns that the IRS's $24 billion claim could hinder the return of customer funds.
IRS initially claimed $43 billion, later reducing it to $24 billion.
FTX's Stance
Demands that the IRS provide evidence and calculations to support its $24 billion tax claim.
Denies owing any taxes to the IRS and maintains that its financial history contradicts such a massive tax liability.
IRS's Claims
FTX and its affiliated entities owe income taxes, employment taxes, and penalties spanning from 2018 to 2022.
The $24 billion tax debt is not finalised, as it continues to conduct an audit of FTX's financial records
Under the current situation, FTX debtors would bear the burden of disproving the IRS's claims, a process estimated to take "many months."
Lawyers Reckon
“These cases should not be delayed by an IRS process that is akin to determining whether a shipwreck sits at 1,000 feet or 3,000 feet below sea level. The import is the same — the ship is underwater.”
If IRS claims are resolved, bankruptcy proceedings can proceed; otherwise, further delays are anticipated.
EY, the accounting firm, reported FTX's loss at $11 billion, consistent with tax returns.
TTD NFTs 🐝
FIFA, is stepping onto the NFT field just in time for the 2023 Club World Cup in Saudi Arabia.
With blockchain wizards from Modex by its side, FIFA is about to pull an NFT collection.
What do we know?
100 NFTs are up for grabs, and it offers a chance to secure tickets to the FIFA World Cup 2026 final.
900 more NFTs joining the match, on Polygon network and OpenSea.
Features memorable moments from the 2023 Club World Cup.
FIFA initially minted its NFTs on the Algorand blockchain.
The next stage of their collection, FIFA is shifting to the Polygon blockchain.
The NFTs will be available on FIFA’s namesake platform, FIFA+ Collect
Launched in September 2022, powered by Algorand.
Hosted 11 NFT drops.
Over 909,000 digital collectibles minted.
Attracted 16,448 NFT holders.
Achieved a trading volume of $2.4 million.
Where’s ETF?🚨
BlackRock and Fidelity have been discussing the details of a spot bitcoin ETF redemption process with the SEC, indicating that the agency may be close to approval👇🏻
TTD Google 👀
Starting January 29, 2024, Google is introducing an update to its advertising policy for Crypto Coin Trusts.
Transparency and Certification: Advertisers promoting Crypto Coin Trusts must meet specific criteria and gain Google's certification.
Stringent Evaluation: Advertisers must subject their products to an evaluation process to earn a positive checkmark icon.
Global Compliance: Regardless of the target region, all advertisers must adhere to local laws.
In case of violation, advertisers will receive a warning at least seven days before potential suspension.
Google's crypto advertising policies have seen several updates
In September, it allowed the promotion of NFT games, excluding gambling-related content.
In April, it permitted ads for hardware wallets focused on crypto key storage.
In June 2021, it expanded its rules to allow promotions for crypto software wallets and exchanges targeting the US.
Google continues to prohibit ads related to unregulated dApps, initial coin offerings (ICOs), and DeFi trading protocols.
Google's policy update aligns with expectations of spot Bitcoin exchange-traded fund (ETF) approvals in the US.
Cryptocurrency ETFs and ETNs are already allowed to advertise on Google's platform in the US if they comply with local legal requirements.
TTD Coinbase 🧿
Coinbase has just added some star power to its platform by listing SEAM.
SEAM: the governance token of Seamless Protocol, a Base-based DeFi platform.
And guess what? It gets a prime-time spot on Day One.
SEAM becomes the first native Base-based token on Coinbase.
The inaugural governance token to undergo a fair launch airdrop with on-chain rewards and NFTs.
Airdrop Details
Over 5,000 early supporters eligible.
Snapshot on Dec 8 determines eligibility.
SEAM's total supply: 100 million.
Community allocation: 69%.
No vesting for airdropped tokens, others vest over three years.
Seamless Protocol is a DeFi lending platform running on Coinbase's Base, an Ethereum Layer 2 network.
SEAM actively participates in Base's governance contract.
Coinbase's Day One listings are known for their exclusivity, featuring stringent requirements, such as tokens having utility from day one and not having been previously released.
TTD Surfer 🏄
South Korea's FSC has announced that investors in digital assets must receive interest when depositing funds into an exchange by July 2024.
Bitcoin wallet company Conio partnered with Coinbase to bring a variety of digital assets to Italian banks and financial institutions.
Nvidia, a leading AI chip developer, plans to expand its partnerships in Vietnam and establish a base in the country.
If you like us, if you don't like us .. either ways do tell us✌️
If you dig what we do, show us love on Twitter, Instagram & Threads🤞
So long. OKAY? ✋