Recently, there has been an explosion of new cryptocurrencies and blockchains. It has caused the need for interoperability, as you have to send your tokens between different networks. One innovative decentralised platform which is solving this issue is [THORChain](https://thorchain.org/). 

The network offers a cross-chain infrastructure that allows you to swap tokens across multiple blockchains. It is designed to smooth out the peer-to-peer exchange of digital assets. Along with its interoperability, it maintains immutability and does not need wrapped tokens for swaps. 

Curious to know how the THORChain works? This article covers the blockchain’s unique features, the working mechanism, and crypto RUNE.  

## What is THORChain?

THORChain is one of the leading cross-chain architectures which offer a secure path for token exchange. It is an entirely decentralised platform that is compatible with eight popular chains. It can support swaps between [Bitcoin](/coins/btc), [Ethereum](/coins/eth), Avalanche, Binance Smart Chain, [Dogecoin](/coins/doge), Bitcoin Cash, [Litecoin](/coins/ltc), and Cosmos Hub. 

Leveraging its interoperability, you can swap the native tokens of its supported blockchains. It creates a frictionless experience and is used for various [DeFi](/news/article/what-is-a-defi-token) needs. 

In the beginning, THORChain was deployed on the [Cosmos network](/news/article/cosmos-crypto-explained). However, in April 2021, the network introduced an update that transformed it into an independent blockchain. Its mainnet provides an environment where non-compatible currencies can be exchanged without intermediaries. 

The blockchain also provides you with more liquidity. Because of this, its network poses a more secure option than the various centralised and decentralised exchanges.

In addition, you can also earn yields on the network. It has liquidity pools where you can deposit your assets and gain profits. The THORChain DEX brings you [crypto lending](/news/article/crypto-lending) services too. It also allows you to secure digital asset funding almost instantly. 

## How does the THORChain work?

THORChain is a cross-chain DEX protocol that works like an Automated Market Maker (AMM). Its mechanism involves Tendermint software, Threshold Signature Scheme (TSS), and the Cosmos SDK. 

It follows the Proof of Stake (PoS) consensus mechanism. It involves validators [staking](/news/article/what-is-staking-crypto) their RUNE tokens in the network to validate transactions and run the nodes. Among these, the operative nodes are also responsible for creating liquidity pools.
 
The blockchain works with the same principle as the Bancor DEX. It includes the pool liquidity ecosystem where users deposit their cryptocurrencies. The pool also includes the native token of the chain, which is RUNE. Then the protocol behind it uses algorithms to evaluate the value of the assets against RUNE.

The process facilitates the exchange of non-native tokens. So, for instance, when you swap Bitcoin for Ethereum, the protocol exchanges BTC with RUNE first. Then it moves on to swapping RUNE with Ethereum. 

This double-swapping process allows instant completion of transactions. Besides, it enables non-custodial exchanges to work freely with the THORChain protocol.

## What are the benefits of using THORChain?

One of the main goals behind the creation of THORChain is to offer deep liquidity to the users. It was built on the premise that centralisation removes economic safety from exchanges. That’s why there needs to be decentralised exchanges that offer more [economic security](/news/article/cryptocurrency-and-the-economy) because of locked assets. 

The liquidity of THOR, along with its cross-chain abilities, makes it an exceptional choice for users. It allows them to swap tokens back and forth between different blockchains. Moreover, it does not need intermediaries for swapping, keeping the system swift and secure. 

In addition to that, you can be part of different liquidity pools on the network. It allows you to earn yields on your funds and get crypto loans. 

Overall, the THORChain blockchain provides a single interactive interface from which you can securely access multiple assets. It not only offers interoperability but also has features like crypto lending, yields, etc.

## THORChain ecosystem
 
![thor1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/thor1_18f2cb48bf.png)

[Source](https://thorchain.org/ecosystem)

The network ecosystem involves a range of different decentralised applications (DApps). According to the THORChain website, there are a total of 41 projects offering various services to its users. These include both THOR’s own as well as third-party apps.

The list of DApps involves various self-custody wallets like Trust, Edge, and ThorWallet. It also introduces digital asset trading platforms like ShapeShift DAO, [THORSwap](/news/article/what-is-thorswap), and Rango Exchange. 

You can also get analytical insights on the platform with the projects like THORChain explorer, THORCharts, and Nansen Portfolio. Other categories include NFT, Launchpad, Support, Community, and more.

## THORChain crypto (RUNE)

RUNE token is the native crypto in the THOR network. It plays a crucial role in the cross-chain exchange of different tokens. It serves as a settlement asset and offers deep liquidity. The high liquidity RUNEs provide you with economic safety on the network. Due to its mechanism, you do not need wrapped tokens or several cryptocurrency pairs.

Crypto is also used as the governance token on the network. When you use crypto, you will gain governance rights for choosing your liquidity pool. The network also uses RUNE to provide incentives to the users. 

## RUNE tokenomics and price

The economics of the THORChain crypto is reasonably straightforward. According to [CoinMarketCap](https://coinmarketcap.com/currencies/thorchain/), the max supply of the tokens is 500,000,000, from which around 327,056,566 RUNEs are in circulation. The project's market cap is more than $500 million.

![thor2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/thor2_21cbd803b0.png)
 
[Source](https://thorchain.org/)

It is designed to lock RUNE's $3 against each $1 of the non-native assets in the liquidity pool. The network's total value-locked (TVL) is $132,570,726.

As for the price of the coin, it directly depends on the usage of THORChain. Currently, one RUNE is priced at around $1.67, with a trading volume of $52,092,701 in the past 24 hours. 

## THORChain price prediction 2023, 2025, & 2030

According to the forecast from [DigitalCoinPrice](https://digitalcoinprice.com/forecast/thorchain), RUNE shows bearish long-term trends. Its data suggest that the coin will likely capitalise on its current price and maintain an average of $3.28 in 2023. In addition, the coin may hit the $6 mark in 2025. However, until 2030, its price will be around $17, even less than its current all-time high value. 

On the other hand, data from [PricePrediction.Net](https://priceprediction.net/en/price-prediction/thorchain) shows slightly bullish trends. It predicts that the THORChain crypto may reach the maximum of $2.95 in 2023, whereas it will likely average $2.62. Moreover, in 2025 its price may grow to $6.57, and it may average around $5.54. Meanwhile, till 2030, RUNE’s price may cross the $30 mark and will likely average $33.81.

## Closing thoughts 

THORChain network is a unique take on DEX. It follows the AMM model and is backed by high liquidity, providing enhanced security. It is an all-in-one platform where you can perform multi-currency exchanges frictionlessly. Besides, it gives you access to the most popular currencies like BTC, ETH, and DOGE. 

Meanwhile, the platform is still seeing growth. Many third-party applications are becoming a part of THORChain, which will help the RUNE crypto to grow as an investment.


Thorchain logo on blue image of lightening strike on mountain

THORchain Explained 

The CBUAE (Central Bank of the United Arab Emirates) has revealed its strategy for introducing the UAE CBDC. The CBUAE will likely launch its digital currency by mid-2024.

On March 23, the CBUAE released an [official statement](https://www.centralbank.ae/media/lpoilyue/cbuae-launches-the-central-bank-digital-currency-strategy-the-digital-dirham-en.pdf) regarding its strategy for the digital Dirham. The statement mentioned that the CBUAE has signed an arrangement with the [R3](https://r3.com/) and [G42 Cloud](https://www.g42cloud.com/) firms to launch its CBDC. 

## UAE CBDC: The three pillars of the first phase

The announcement further stated that the first stage for implementing the digital Dirham would likely be concluded in the next 12 to 15 months. The central bank has set three main pillars or goals for the first stage.

Firstly, the CBUAE is aiming for the soft launch of its pilot project, mBridge. It is a cross-border payment with several central banks and authorities. They include the Bank for International Settlements (BIS), the Bank of Thailand, the Hong Kong Monetary Authority, and the Digital Currency Institute of the People's Bank of China. 

The second goal of the CBDC's first stage is to collaborate with India for virtual currency bridges. India is among the UAE's top trading allies. The two countries will work on a bilateral virtual coin bridge to facilitate trade. Meanwhile, India itself is implementing its [digital Rupee](/news/article/reserve-bank-of-india-cbdc).

Lastly, the Proof of Concept work will also be implemented for the domestic Dirham. It is to facilitate the wholesale and retail uses of the currency.

## Financial infrastructure transformation

Introducing a digitized version of the Dirham is a key step toward financial infrastructure transformation in the country. The FIT program in the UAE is looking to catch up on the global trend of introducing CBDCs.

Many countries, including India, [Russia](/news/article/putins-blockchain-payment-system), [Iran](/news/article/iran-accepting-crypto-payments), the UK, and others, are working on their virtual fiat currencies. Therefore, the digital currency of the UAE can be a significant step toward a transformation in the country's financial system.


Yellow image of UAE flag in front of Dubai skyline

UAE CBDC to Complete First Phase by 2024 

An adult entertainment platform, SpankChain, is closing down its [crypto payment](/news/article/layer-2-growth) system, SpankPay.

SpankChain is an Ethereum-based company that lost its payment service provider, Wyre, last month. Since then, it has failed to find an alternative. 

On 16 February, SpankPay [announced](https://twitter.com/SpankPay/status/1625950540105682944) that its crypto custodian and banking partner, Wyre, had terminated their agreement. The platform ceased to provide settlement services to SpankChain effective from 13 February. The service provider cited "violations of any third-party payment processor or network rules" for the termination of the agreement. 

## A “targeted shutdown” of SpankPay

On 20 March, SpankPay announced that it would shut down its operations. The platform disclosed in a [Twitter thread](https://twitter.com/SpankPay/status/1637895544373739520) that it was a “targeted shutdown by Wyre". The settlement processor revealed that its crypto custodian's new money-transferring system "doesn't work with adult businesses".

According to SpankPay’s tweet, its previous crypto payment partner did not disclose this. The tweet said the move was "a shock" as the relationship with Wyre had been "supportive and respectful up until now".

Since the termination of the agreement in mid-February, the finance system has been looking for new payment processors. However, its efforts have been in vain as no other service providers agreed to collaborate.

According to SpankPay’s statement, most options it explored refused to work with it because of its affiliation with the adult entertainment industry.

Furthermore, it referred to the "hostile banking environment" for closing down operations. The Twitter thread said that operating in a hostile banking environment had "always been challenging", but that "escalating attacks have become untenable".

However, it has ensured users that their funds will be safe with the service.

SpankChain is an adult content platform based on the [Ethereum blockchain](/news/article/ethereum-price-today-fall). It offered adult content creators a platform where they could operate with dealing with traditional banks. The platform introduced its own settlement system to facilitate its audience.


red image of person closing business with spankpay logo

SpankPay Crypto Payment Service Shuts Down

Blockchain games have become increasingly popular among gamers, giving rise to a new game genre: RPG NFT games. One title in this genre that has gained gamers’ attention is [Chain of Alliance](https://chainofalliance.com/) (COA).

It is a role-playing NFT multiverse where you can play, manage, and create gaming experiences. Let's find out what the game offers!

## What is the Chain of Alliance?

COA is an impressive blockchain game that follows a role-playing strategy. It is based on a sci-fi theme and revolves around an adventurous storyline. Its gaming experience includes PvP battles that you can play with your character NFTs. 

The multiverse allows you to own different assets. You can purchase characters, wearable accessories, and even a piece of land on the platform. Moreover, it offers an API through which you can create interactive experiences for other players.

The project is in the testnet phase and will likely introduce its COA tokens for governance. It may enable the platform to run as most [play-to-earn games](/news/article/play-to-earn). 

## What’s the Chain of Alliance gameplay?

COA’s sci-fi utopia involves fighting AI-controlled monsters. You can become part of the adventurers’ band and battle the monsters in PvP or PvE mode. You can play with your progressible NFT characters in its lore-based setting, where you can loot and earn XPs. 

You can do more than just unlock fragments of a character to [create your own NFT](/news/article/how-to-make-nft-art). By earning experience points, you can upgrade your character. And if you purchase land through sales, you can become a landlord and enjoy the benefit of creating and managing experiences for others.
Lastly, you can also be a creator of the COA multiverse. 

Though the idea is still developing, its vision includes providing players with a platform to develop their own stories and campaigns.

## COA game features

The Chain of Alliance gameFi is still working with a testnet, yet it covers many Web3 games features. Here are some of the features it offers:

1.	The RPG is backed by Chromia blockchain, which makes it a secure and transparent platform for keeping in-game assets.

2.	It has an in-game marketplace where you can easily purchase characters and other in-game NFTs. You can also do NFT trading through the marketplace.

3.	COA prioritises blockchain interoperability. It allows the platform to work with several blockchains and provides easy access to its users. 

4.	It offers you original Chromia NFTs. You can own them through the NFT drops or marketplaces. You can also create one by playing the game and unlocking NFT fragments.

5.	The platform aims to offer decentralised governance through its COA tokens.

## Final thoughts

Chain of Alliance is a basic [gameFi project](/news/article/what-is-gamefi) that covers all the aspects of a Web3 game. The unique thing about the project is that it brings all the blockchain game features in an RPG. You can play one-on-one battles, manage your lands, or become an NFT creator on the COA multiverse.

In addition, it focuses on developing an interoperable blockchain. It could enable the game to partner with numerous crypto platforms and allow its users to connect easily.

Even though the project is still developing, it shows the potential to be a complete ecosystem for crypto users and gamers.


pruple image of chan of alliance gameplay

Chain of Alliance: An Adventurous RPG Multiverse 

The non-fungible tokens market has kept on evolving since its inception. However, at times you may feel that most projects do not have an ecosystem that enhances the utility of the NFTs. One popular project, Azuki NFT, has introduced a diverse ecosystem that offers many benefits to you.

The project takes on a relatively uncommon theme of NFTs: anime. Recently, it started gaining traction in the digital art space and is among the top five projects. 

This article will help you learn why the platform makes waves and its unique features.

## What is the Azuki collection?

[The Azuki NFT project](https://www.azuki.com/gallery) is a collection of around 10,000 digital art pieces. It follows the anime aesthetics and creates its own world. These art pieces are hand-drawn and tokenised on the blockchain, working as an avatar for you. It changed the market as it did not follow the trend of pixelated or animal characters.

It has shaped a Web3 environment for artists and collectors to promote decentralisation for NFTs. The Azuki NFT collection is one of the subprojects of an ecosystem built by [Chiru Labs](https://www.chirulabs.com/). Other projects in its ecosystem include Beans, Masks, skateboards, and gates. 

Each Azuki character exhibits different features. The platform describes each one in terms of 12 traits, including background, type, headgear, clothing, offhand, and other facial features. In addition, each one has such characteristics that it becomes a part of the Azuki lore.

## The origins of the Azuki NFT project

Chiru Labs is based in Los Angeles. The firm’s founding team is anonymous and hails from the crypto, game development, and technological background. The pseudo-anonymous, Zagabond, who is also a crypto expert, leads the team.

![azuki.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki_85df44ab72.png)

[Source](https://www.azuki.com/garden#section1)

The project aims to form a decentralised [Metaverse](/news/article/how-to-invest-in-metaverse) ecosystem comprising various DAO projects. For this reason, the firm introduced Azuki NFTs, which is a foundational collection for its Metaverse. 

The manifesto for the Azuki NFT project includes three fundamentals. The first is the community-first approach which eliminates centralisation. Secondly, it aims to bring creativity and novelty to the [NFT market](/news/article/nft-art-marketplaces). This is the reason it quickly became a trendsetter in the industry and inspired many projects to opt for the anime genre. Lastly, it preaches trusting the process.

What makes Azuki unique is that it has become a brand in the industry. The brand-forward approach has helped it achieve instant success and growth in the market. Plus, the project is still planning to offer its merchandise, [P2E games](/news/article/play-to-earn), and other related projects to provide more value to its community.

## The world of Azukis

![azuki2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki2_ceac146490.png)
 
[Source](https://www.azuki.com/world/hilumia)

The Azuki NFT collection is part of a decentralised Metaverse ecosystem. Therefore, it is not wise to look at the project in isolation. 

It introduces you to the world of Azukis, based on its own storyline. In addition, its ecosystem is built around "The Garden", part of the virtual world the project is building.

Buying an Azuki NFT will give you access to its Garden, but you must find a secret portal in "the Alley" to enter the Garden. You can only find the portal if you take the rarest red bean.

Another island in the Azukis’ world is “Hilumia". You will find numerous exciting destinations like MODA, Ember Square, 56 Fitness, Hilu Hall, Liues Arcade, and others here. In all of these destinations, you can socialise with other Azukis. 
All-in-all, the world of Azukis connects the real world with the virtual one, offering you various benefits.

## Azuki NFT price

At the time of this writing, the floor price of Azuki NFT is 14.79 ETH. Its trading volume in the past 24 hours was 3,601.8 ETH, and 235 NFTs were sold. In addition, the total floor cap of the project is 147,900 ETH.

In the short history of Azukis, the most expensive collectable has been a gold-plated skateboard. It sold at auction for 309 [ETH](/coins/eth). 

The data from [NFTPriceFloor.com](https://nftpricefloor.com/azuki) shows that the current ranking of the project is #5. Moreover, the project has surpassed big players like [Bored Ape Yacht Club](/news/article/bored-ape-nft) and [CryptoPunks](/news/article/jay-z-cryptopunks-nft). It speaks for the popularity of the project, which was introduced in January last year.

![azuki3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/azuki3_f9c953e961.png)
 
[Source](https://nftpricefloor.com/)

It is available on almost all popular marketplaces and continually attracts art collectors. Also, it is ranked among the top 5 collectable projects on [OpenSea](https://opensea.io/). 

## What benefits do the Azuki NFTs offer?

Owning an Azuki anime NFT offers many benefits. These include:

1.	It gives you an avatar that you can use on multiple platforms.

2.	It makes you a member of its decentralised autonomous organisation (DAO), which gives you access to many exclusive events. 

3.	It allows you to interact with a like-minded community that believes in decentralised Metaverse.

4.	You can also be part of multiple subprojects from the Chiru Labs.

5.	In the future, the platform will also introduce its Web3 games that you can play with your Azukis.

6.	It is one of the most valuable projects in the NFT space, which can give you financial benefits.

## Bottom line

The Azuki NFT collection is ranked among the top 5 projects in the industry. It was launched last year and has gained instant popularity. There are several reasons behind that. 

One is its branding which is targeted toward anime fans. Another reason is the ecosystem of NFT projects by Chiru Labs. It allows you to get accessories like skateboards for your Azukis.

This project has captivating lore, and each collectable can become its part. Meanwhile, plans are in the pipeline for transforming the ecosystem into a decentralised Metaverse. 

So, it's a worthwhile exploring project if you are a collector or an otaku!


Azuki NFT: Anime-Inspired Digital Art 

The founder of the Bitzlato crypto exchange, Anatoly Legkodymov, has denied money laundering charges against him in a US court.
He is accused of processing more than $700 million through his firm. Relating to these charges, he was arrested on 17 January in Miami.  

## First court appearance for Bitzlato crypto firm founder

The proceedings of a money laundering case against Legkodymov are ongoing in the federal court of New York. He appeared before the court for the first time on 14 March, 2023, when he denied all the fraud charges.

The court has ordered the detention of Legkodymov without bail for the charges of illegally processing money. The Federal Bureau of Investigation ([FBI](https://www.fbi.gov/investigate)) was involved in arresting the crypto exchange founder. 

## Allegations involve $700 million

Allegedly, the founder of Bitzlato is a Russian national and a resident of China. The FBI detained him for his alleged involvement in illegal money transfers through the exchange.

He is accused of managing a Hong Kong-based cryptocurrency firm and did not ensure [anti-money laundering](/news/article/crypto-aml) measures were followed.

According to reports, the business [allegedly processed](/news/article/bitzlato-co-founder-charged-with-money-laundering) around $700 million of illegal funds. The illicit funds are related to numerous crimes like drug trafficking and ransomware. 

Bitzlato may also have ties with the darknet market called Hydra, according to further reports. Moreover, another member of [a crypto pyramid scheme related to Russia](https://news.bitcoin.com/another-member-of-russian-crypto-pyramid-finiko-arrested-in-uae/) was arrested in the UAE.  

## Accusations against other members of Bitzlato

More crypto exchange members were also detained in late January. Three members of the executive body were arrested in Europe.

The firm's co-founder, Anton Shkurenko, was also involved in the investigations. In February, he was interrogated by the Russian authorities, but later released. He has also given an interview recently where he mentioned that he would be restoring operations of the firm from Russia.


Anatoly Legkodymov founder of bitzlato with red image of court

Bitzlato Crypto Exchange Founder Denies Charges 

Giant banking firm HSBC Holdings Plc (HSBA) is planning to buy Silicon Valley Bank's British unit. According to the [filing](https://www.londonstockexchange.com/news-article/HSBA/hsbc-acquires-silicon-valley-bank-uk/15871682) released on 13 March, 2023, HSBC will acquire the firm for £1.

SVB UK collapsed, reeling from severe losses. The finance company had total debts of around £5.5 billion and had deposits of more than £6.7 billion until 10 March.

## UK Government facilitated the Silicon Valley Bank sale

On Monday, the Bank of England also released an [official statement](https://www.bankofengland.co.uk/news/2023/march/statement-on-silicon-valley-bank) regarding the matter. As per the statement, a number of other UK authorities were also involved. These included HM Treasury, the Prudential Regulation Authority, and the Financial Conduct Authority.
  
HSBC itself is regulated by the [FCA](/news/article/fca-crypto-regulation) and PRA, a fact which is likely help SVB UK recover from the losses. The statement issued by the Bank of England said that the step was taken to strengthen and stabilise the banking system of the United Kingdom. 

The central bank statement added that the move would ensure the continuity of banking services, minimise disruption to the country's tech sector, and support.

The Bank of England also guaranteed that all depositors' funds with the collapsed bank would be secured after its sale to HSBC.

## PM Rishi Sunak on the decline of SVB

The Bank of England released the official statement detailing plans for the sale of SVB UK just after [Britain's Prime Minister Rishi Sunak](/news/article/rishi-sunak-crypto-believer-uk-pm) assured the nation about the "sound" financial system of the country.

In talks with the media regarding the US bank's subsidiary's downfall, the Prime Minister said, "There's nothing to worry about."

He went on to add further reassurance that the country's financial health is "resilient" and would not be affected by the decline of SVB. The PM is currently in San Diego, where he will likely meet President Joe Biden.


silicon valley bank branch with red filter and money falling

Silicon Valley Bank UK to Be Bought by HSBC 

US Government law enforcement has transferred some 50,000 Bitcoin seized from Silk Road hackers in the past two years. The Bitcoins are worth around $1 billion and are related to multiple US government wallets.
On 8 March, addresses connected to US law enforcement transferred BTC to the second largest crypto exchange, Coinbase. Currently, some of the confiscated assets are on sale on the Coinbase exchange, while others were moved to new addresses.

The news has also triggered a dip in the price of BTC. Is the [Bitcoin bull](/news/article/bitcoin-bull-or-bubble-debate) over?

## Silk Road Bitcoin transfers

A blockchain analytical firm, [PeckShield](https://twitter.com/PeckShieldAlert/status/1633331891347820544?s=20), has shared the details of the seized [BTC](/coins/btc) transfers. According to the firm's data, a law enforcement office of the US Government made three transfers. More than 50,000 BTCs were in these wallets.

Among these transfers, most were internal. However, PeckShield pointed out that the US Government wallets transferred 9,861 Bitcoins to the Coinbase cryptocurrency exchange.

The law enforcement department also made two other transfers. One included the movement of more than 30,000 BTCs to a wallet bc1qf2…fsv. The second transfer involved around 9,000 BTCs moved to an address bc1qe7…rdg.

The firm also revealed that the US Government confiscated Bitcoins from a marketplace on the Silk Road. According to PeckShield, the agencies [seized the unlawful assets](/news/article/feds-seize-bitcoin-stolen-crypto-scam) in November 2021 and March 2022.

## BTC transfer to Coinbase may trigger a sell-off

After the announcement of the transfer of seized BTCs to the Coinbase exchange, [BTC prices dropped](/news/article/bitcoin-volatility-price-drops) significantly. Usually, the increase in the inflow of an asset in the market results in high selling pressure. A high selling pressure means the asset price is going to decrease.

![btctransfer.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btctransfer_4db9344793.png)
 
Source: [CryptoQuant](https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-inflow-total?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column)

This chart shows that the rise in BTC inflow has triggered the fall in its price. Though it does not indicate a continued sell-off in the market, it has certainly affected the current price. In the past 24 hours, the Bitcoin price dropped from $22,469 to just above $22,000.


green image of bitcoins with silk road coin and coinbase logo on top

Coinbase Receives Silk Road Bitcoin 

A completely immersive 3D world has long been a popular concept in the sci-fi world. The seemingly unrealistic concept has finally taken shape in recent years. The entry of big names like Meta, Roblox, NVIDIA, Epic Games, and others has inspired many projects - the [Metaverse VR (MEVR) project](https://mevr.app/) is one such example.

It is a remarkable take on Metaverse technology, introducing a virtual gaming and socialising platform. The MEVR project aims to connect the digital world with the real one and promote its mass adoption.

Let's look at what the Metaverse VR ecosystem looks like and how its crypto powers it.

## What is the Metaverse VR project?

MEVR is yet another exciting project in the virtual world. It has created a digital space for 3D socialising on the [Binance Smart Chain (BSC)](https://www.binance.com/en/blog/ecosystem/introducing-bnb-chain-the-evolution-of-binance-smart-chain-421499824684903436). The platform offers various [play-to-earn (P2E) games],(/news/article/play-to-earn) NFT collections, and other software projects. 

With this platform, MEVR aims to shape a digital universe that makes immersive experiences more accessible. 

The platform claims to be unique as it focuses on real-world uses of [Metaverse technology](/news/article/metaverse-crypto). The P2E games and the digital collectables it offers try to bridge our routine life with virtual reality. It also offers its native token, MEVR, which supports all the DApps on the platform. You can invest in the project as it provides a transparent ecosystem.

## MEVR tokenomics

The MEVR token is built on the BSC network and follows the BEP-20 token standard. The coin is hard capped at 100 million and has a burning mechanism. The platform burns around 50,000,000 tokens; the rest are divided into several parts. 

Firstly, the largest portion of around 15% is allocated for sales that offer liquidity. Secondly, game development, project partnerships, and marketing departments claim 10% each. The founding team of the project gets around 5% of the tokens.

The liquidity in its ecosystem is locked for around a year. Also, the amount allocated for marketing and development teams cannot be directly accessed. Only the financial team is allowed to withdraw funds from the blockchain.
 
## What's the Metaverse VR price?

According to [CoinMarketCap](https://coinmarketcap.com/currencies/metaversevr/), the coin's current price is $0.038, and its market cap is $608,505. There are 18,000,000 tokens in circulation with a trading volume of $154,752 in the past 24 hours.

Currently, the coin has not gathered much attention in the market. It is ranked at #3,393, which may indicate that it has no potential. However, some predictions show steady growth in its value.

The data from PricePredictions.net suggest that the token will likely average $0.048 in the ongoing year. It could also hit the max value of $0.055. Moreover, in 2025, the price may reach the $0.10 mark and the max value of the token in the year might be $0.12.

Though it may not indicate huge gains, MEVR will potentially see an upward trend in the coming years. If the platform succeeds in creating more use cases for its NFTs and games, it will gain more attention in the market.

## Where can I buy a Metaverse VR coin?

The coin is a relatively new offering in the market. That's why it is not available on most of the popular exchanges. You have four options for purchasing it through the following exchanges:

•	[Pancakeswap](https://pancakeswap.finance/).

•	[Hotbit exchange](https://www.hotbit.io/).

•	[MEXC Global](https://www.mexc.com/).

•	[Bitmart](https://www.bitmart.com/).

## Bottom line

Metaverse VR project is a novel approach to the virtual world. It plans to bring software, NFT collections, and P2E games that are practical. It aims for mass adoption of the technology and bridging the gap between the physical and digital worlds.

The platform is built on the BSC chain and is certified by various third-party auditors. It gives the platform commendable security and transparency, which is why you can easily invest in the token.


Metaverse VR Project: A Guide 

One of the most popular US banks for cryptocurrency transactions, Silvergate Capital, is in danger of collapse. The firm is examining its position to decide whether it can continue its operations.

On 1 March, the bank reported to the US financial watchdog, the Securities and Exchange Commission (SEC), that it would not file its annual activities report on the deadline. It also reported to the SEC that it is deliberating its options to survive the crisis.

## Silvergate facing bankruptcy due to FTX contagion

Silvergate Capital is a bank that deals in crypto lending. It has become the first conventional finance house affected by the FTX contagion. Reportedly, it lent almost all its funds to the exchanges. Due to this, when the [FTX crypto exchange crashed](/news/article/curve-finance-leverage-ftx-crash), the California-based finance company suffered severe losses. 

Meanwhile, the [collapse of Sam Bankman-Fried's](/news/article/sam-bankman-fried) firm has affected several crypto-lending firms since November 2022. Some of the most prominent names are [BlockFi](/news/article/blockfi-bankrupt-court-documents), [Genesis](/news/article/genesis-bankruptcy-crypto-meltdown-continues) Global, and [Gemini Exchange](/news/article/gemini-crypto-exchange-falls-prey). 

In addition, many prominent lending partners are pulling out after the news of the bank's potential bankruptcy. The firms that have withdrawn include big names like [Coinbase Global](https://www.coinbase.com/price/global-cryptocurrency), [Galaxy Digital Holdings](https://www.galaxy.com/), [Crypto.com](https://crypto.com/), and [Paxos Trust](https://paxos.com/). The company will also have to deal with this loss of business.

## Silvergate shares plunged 

After the bank reported to the SEC about its financial situation, its share value plummeted. On Thursday, the firm's share value dropped by more than 55%. The overall stock price in the year has decreased by 67%.

Furthermore, [Silvergate has experienced losses](/news/article/silvergate-bank-loses-assets) of more than $1 billion in the past three months. Although many other firms also saw significant losses, Silvergate’s collapse could leave a lasting effect on the market. The main reason is that the firm is a traditional bank, which could likely shake investors' trust in the crypto market.


Silvergate Capital on Verge of Collapse

The developers behind the famous Bored Ape Yacht Club project, Yuga Labs, have revealed their new NFT collection. It is named Twelvefold and features NFTs with a 12-by-12 grid. One of the most popular NFT creators is interested in entering the [Bitcoin network](/news/article/what-is-bitcoin) with this new project. 

The digital art creators announced the new collection on 27 February, 2023. In a [Twitter thread](https://twitter.com/yugalabs/status/1630342395295412232), they also mentioned that the NFTs would be available for auction in the coming week.

## Twelvefold: A Bitcoin Ordinals NFT collection

The title given to this NFT collection by the BAYC developers signifies the base 12-time system. It refers to the Bitcoin Ordinals that are denoted with the time of their minting. 

There will be 300 collectables in the Twelvefold collection. These include generative art pieces that will be inscribed on [BTC](/coins/btc) Satoshis. Satoshis or Sats are the smallest BTC denominations that can hold data in JPEG, text, audio, or video.

That’s why the NFT pack will be using the [Bitcoin Ordinals](/news/article/forked-bitcoin-ordinals-brought-to-litecoin) protocol.
It allows developers to work with Sats for the creation of digital assets. 

Moreover, it makes it easier for users to transfer or receive those assets.

## When will the Twelvefold collectables release?

The creators did not give an exact date for releasing these digital assets. However, they mentioned that collectors might get to buy them in the ongoing week. [Yuga Labs](/news/article/yuga-labs-explained)’ team will likely give a 24-hour notice that will provide the details about the exact timings of the NFT auction. 

## The rise in the popularity of BTC Ordinals

The [Dune Analytics](https://dune.com/dataalways/ordinals) data insights suggest that more than 200,000 ordinals have been minted. Many projects are catching up on this trend. Before the announcement of Twelvefold, other popular projects also entered the market. It includes the Casey Rodarmor series, launched in January 2023.


Twelvefold NFT Collection Coming from Yuga Labs 

## What are the best tools for trading crypto?

The cryptocurrency market has financially empowered the masses since its origin. Yet, these assets remain highly volatile and risky investments. Moreover, the rising scams in the industry have also increased the troubles of investors, especially novice ones. 

How do you excel at crypto trading to gain better profits? An easy way around it is to use the right tools to make informed decisions. There are varying types of crypto trading software that you can leverage to upgrade your trading skills. 

Here's a thorough guide on the top tools for trading cryptocurrencies that will help you develop technical investment strategies.

## Best tools for trading crypto - Exchanges

A trusted exchange is a foremost requirement for a dependable crypto strategy. Being the source of buying and selling cryptocurrencies, these platforms must be safe and secure. Therefore, it's advisable to choose one diligently. Also, various exchanges offer an array of features, making them all-in-one platforms for crypto trading.

Here you can get an idea of some of the [best crypto exchanges](/news/article/best-exchanges-for-crypto-uk) on the market.

1.	[Coinbase](https://www.coinbase.com/)
Coinbase is one of the most trusted exchanges in the industry. Plus, it can work as a complete platform for your buying and selling needs. It supports 200+ cryptocurrency pairs and offers a secure hot wallet for daily trades. Coinbase Pro also allows you advanced trade options to manage your portfolio with an intuitive UI. 

In addition, it has an Earn program through which you can earn modest amounts as interest. Although the exchange fees are slightly higher, Coinbase is an easy-to-use, beginner-friendly option with advanced features.  

2.	[Binance](https://www.binance.com/en)
Another industry leader among cryptocurrency exchanges is Binance. In terms of its trading volume, it is the world's largest exchange. Compared to Coinbase, it offers much more advanced trading features, including interactive charts, varying types of orders, trade history, and various other features.

The exchange offers more than 350 crypto tokens which help in portfolio diversification. It also has cheaper exchange rates that start at as low as 0.1%.

3.	[Coinmama](https://www.coinmama.com/)
Suppose you are just starting as a trader and looking for a beginner-friendly option. In that case, the [Coinmama exchange](/news/article/coinmama-review) can also be a good option. It has been working in the industry since 2013 and is a credible platform. Currently, it offers only 16 cryptocurrencies but includes all the popular ones like [BTC](/coins/btc), [ETH](/coins/eth), [LTC](/coins/ltc), [DOGE](/coins/doge), AAVE, and others.  

It claims to be the world's friendliest exchange. The reason is that buying and selling crypto is relatively straightforward on Coinmama. Besides, it has a quick procedure for registration. However, it's pretty limited as it does not have advanced trading features like Coinbase or Binance. 

## Finest platforms for trading crypto 

Trading platforms are one of the best tools for trading crypto as they allow you to handle multiple exchange accounts. These tools save you from the hassle of changing windows for monitoring markets on different platforms. You can manage more than one exchange profile in one place. This way, you can easily monitor the market and conveniently make trades. 

Below are the top crypto trading platforms:

1.	[Coinigy](https://www.coinigy.com/)
Coinigy is one of the frontrunners among trading platforms. It supports cryptocurrency markets of more than 45 exchanges, including both Coinbase and Binance. Moreover, you will get several intricate trading features like multiple price chart layouts, insightful indicators, and no limits on trades. 

2.	[Shrimpy.io](https://www.shrimpy.io/)
Shrimpy.io is another good option that you can use with several exchanges. It helps you to keep tabs on your accounts in 16 markets. Though it supports lesser markets than Coinigy, it offers several other features. These include automated trades, copying experienced traders, portfolio management, backtesting investment strategies, and performance tracking. 

3.	[Kubera](https://www.kubera.com/)
Another option for managing your profiles on different exchanges is Kubera. Being one of the best portfolio trackers in 2022, Kubera is a web-based solution that works well for both traditional and digital assets. You can add several wallets to it and conveniently monitor and manage them in one place. It currently offers support to 20+ exchanges. 

## Best tools for trading crypto - Wallets

Exchange wallets often are not considered secure as they are custodial. On a custodial wallet, the private key of your accounts is under the possession of exchange. This makes your assets vulnerable to potential cyberattacks on the exchange. You can also check out the [top 7 picks for the best crypto wallets](/news/article/best-crypto-wallet-uk-top-picks). 

If you do not prefer exchange wallets, here are some safer options. 

1.	[MetaMask](https://metamask.io/)
MetaMask is one of the safest browser-based wallets. Its extension is available for various browsers, including Google Chrome, Microsoft Edge, Brave, and Firefox. MetaMask supports ERC-20 tokens as well as ERC-721 non-fungible tokens. 

Additionally, it can easily be integrated with several DApps and blockchain games. 

2.	[Ledger Nano X](https://shop.ledger.com/products/ledger-nano-x)
Ledger Nano X is a trusted cold wallet. You can keep over 150,000 tokens in this hardware. Besides, it gives you complete control over your assets as you can store your private keys. So, it can be the ideal choice if you need a wallet for your long-term investments.   

## Best technical analysis tools for cryptocurrency

Technical analysis tools are the backbone of your crypto investment strategies. They give you all the essential market insights for trading decisions, using various indicators and visually presenting market sentiment and behaviour for you. All the graphs and charts help you hone your technical analysis.

Here's a list of some of the leading technical analysis tools for trading crypto:

1.	[MetaTrader 4](https://www.metatrader4.com/en)
MetaTrader 4 is one of the most advanced tools for analysing digital and conventional assets. It offers many technical indicators that help you in assessing the market easily. Most seasoned traders opt for this, but beginners may find it difficult to navigate.

2.	[TradingView](https://www.tradingview.com/)
TradingView is another handy tool for doing crypto analysis. It is known for providing technical insights on both traditional and digital assets. A wide range of exchanges and DeFi platforms use this software for charting. Besides, its 72+ insightful indicators allow you to make informed decisions. 

3.	[Cryptowat.ch](https://cryptowat.ch/)
Cryptowat.ch by Kraken exchange is another crypto analysis tool that you can use for free. It is an easy-to-use option to assist you in visualising more than ten charts on a single screen.

## Best crypto trading bots

Learning technical analysis is a steep task that requires practice and time. But crypto rookies often want to directly indulge in trades without going through the learning curve. This can be highly risky as there are some trading bot scams that you need to look out for. However, legit trading bots can solve many problems for you.

Crypto bots are sophistically designed AI-based tools that can make informed decisions for you. Also, these bots can automate your trade procedures and require minimal supervision.

Try out the following best crypto trading bots to get an idea of what AI can do for you! 

1.	[Pionex](https://www.pionex.com/en)
Pionex is a highly acclaimed crypto trading bot in the market. In total, it offers 16 types of trained models for automating trades. It includes a DCA bot, copy trading bot, and several others. Using this tool, you can run your investment strategies on autopilot. 

Also, if you do not want complete automation, you can customise it for different parts. 

2.	[Bybit](https://www.bybit.com/)
Another best tool for crypto trading on autopilot is ByBit. It is an exchange, but is also known for its copy trading bot, through which you can copy others' strategies. There are numerous seasoned traders on Bybit whom you can follow and copy. As a beginner, it helps you to learn the ins and outs of the cryptocurrency market while making trades.

3.	[Zignaly](https://zignaly.com/)
Zignaly app also proves to be a viable option for automated trading. It offers bots of several types for your trade and investment needs; you can develop your own strategy or can adopt a third party's solution. Moreover, it can be integrated with numerous exchanges and trade platforms. Zignaly's most prominent feature is its Bitcoin copy trades. 

## Best tools for trading crypto - Price tracking websites

Crypto trading requires you to keep track of market data and live prices all the time. For this reason, you must know the right websites to give you authentic insights. Among these websites, the following two are the most popular options: 

1.	[CoinMarketCap](https://coinmarketcap.com/)
CoinMarketCap is the most followed website for tracking live prices of cryptocurrencies. It maintains a list of coins based on their market capitalisation and provides all the related data. This includes total supply, circulating supply, total value locked, price history, traded volume, all-time highs and lows, etc. The website also provides data for crypto exchanges.  

2.	[CoinGecko](https://www.coingecko.com/)
The second-most popular cryptocurrency price tracking website is CoinGecko. It presents cryptocurrency stats in an organised way, which makes it easier for you to follow market data. 

## Best tools for trading crypto - Total Value Locked (TVL)

The total value locked in a DeFi platform is a significant indicator of its credibility. It is the amount that the developers deposit for the project. Several instances in the industry have occurred where project founders did not deposit TVL and escaped with rug pull. 

That's why the locked amount gives investors assurance about the platform's security.

### [DeFi Llama](https://defillama.com/)

DeFi Llama is one of the finest platforms in this regard. It provides stats for more than 800 DeFi platforms and covers 80+ blockchains. Llama allows you to track TVLs of L1 blockchains, NFT projects, and decentralised apps. 

Best tools for buying and selling crypto - News aggregators
News aggregators are also among the best tools for trading crypto as they provide all the market happenings in one place. 

There are various news websites in the industry, which makes it difficult to find what's authentic. This is where a news aggregator can be quite handy.

1.	[CryptoPanic](https://cryptopanic.com/)
CryptoPanic is one of the top crypto analysis websites, which presents all the news in one place. Its dashboard has different filters that allow you to see customised news for price actions, ICOs, and other events. 
 
2.	[FAWS](http://faws.com/)
FAWS is quite similar to CryptoPanic. However, it offers a more user-friendly interface, which makes it better for user experience. 
 
3.	[Moni Talks](/news)
Monitalks.io is a crypto community. The news section provides the latest updates and insights on the market. It also offers a newsletter free subscription for users to stay informed about the latest crypto market trends. The website also provides informative content that helps you stay up to date with the digital world.

## Bottom line

Cryptocurrency trading without assistance is a risky venture. Whether you are starting or a seasoned trader, you need to use crypto tools to grow as a trader. This thorough guide looked at various types of best tools for trading crypto. Leveraging these tools will help you learn patterns and develop a concrete investment strategy.


Best Tools for Trading Crypto in 2023

A network of crypto investment scammers operating in Israel is targeting Australians, investigations have revealed. It is an organised network that works as a call centre. The scammers used social media ads, showing lucrative profits to target potential victims.
 
## Authorities uncovered Israel crypto scammers

Authorities from four countries were involved in an investigation to uncover a global network of [cryptocurrency scammers](/news/article/crypto-scams-failing). The countries involved include Germany, Serbia, Bulgaria, and Cyprus. 
 
![Screenshot 2023-02-24 at 09.32.58.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_24_at_09_32_58_0494957298.png)

[Source](https://twitter.com/australian/status/1628877400556834816)

According to a The Australian report, the authorities raided four call centres in [Serbia](/news/article/do-kwon-hiding-in-serbia). In addition, they searched around 11 residential addresses, arrested 15 suspects, and officers recovered around $1.46 million worth of digital assets. The country is trying to strengthen its [crypto regulations](/news/article/australia-crypto-regulation). 

Further investigation revealed that the network was operating through Israel and the main targets for this network were Australians.
Inadequate investigations allowed scammers to target Aussies
The Australian report also disclosed that inadequate investigative measures for online fraud in the country have allowed scammers to target their citizens.

Australia is a wealthy country with no federal authority to prevent such scams, which gives an open chance of fraud and those intent on scamming victims.

IFW Global’s Senior Investigator, Mark Solomon, explained that, in general, Australians are "open-minded" and "friendly" people. That's why they are more open to online relationships. Hence, if bad actors use the right strategy, they can easily be persuaded.

Solomons also said Israeli crypto fraudsters spend the stolen money on their lavish lifestyles. He mentioned that these individuals are flying private jets, own fancy cars, and have investments in real estate.
Meanwhile, they maintain their lifestyle by "sucking" savings out of the Australian economy.

## Investment scams in Australia

In 2021, ACCC reported that citizens lost more than $2 billion through investment scams. According to [Scamwatch](https://www.scamwatch.gov.au/scam-statistics?scamid=all&date=2023), the country lost over $568.6 million through such scams. 


Israel Crypto Scamming Network Targets Aussies 

Azero is the native crypto of the Aleph Zero network, a blockchain focused on ensuring privacy.

Undoubtedly, blockchain technology has revolutionised the world economy. Its decentralisation has opened the gateway for a transparent financial system. However, transparency can often compromise user privacy. Besides, there are scalability and lack of efficiency issues with conventional blockchains.

Aleph Zero focuses on ensuring privacy. It is an L1 blockchain which also solves the blockchain trilemma. This article will explore Azero crypto and how it maintains privacy, security, and decentralisation. We will also discuss the potential of the coin as an investment.

## What is the Azero crypto network?

Azero crypto is the native cryptocurrency of the Aleph Zero, L1 solution. It is a public blockchain that works with the Proof of Stake mechanism and offers impeccable privacy. It conceals your personal details as it works with [zero-knowledge proof](https://cointelegraph.com/explained/zero-knowledge-proofs-explained). This allows the blockchain to validate transactions without knowing user data. 

Azero's privacy through ZKP sets it apart from standard L2 solutions. This is why the blockchain offers developers and cryptocurrency users various use cases. Moreover, it is shaping an ecosystem of trustless transactions which can be a game changer for blockchain and other industries.

This native cryptocurrency’s protocol can be used in numerous sectors, like [smart contracts](/news/article/smart-contracts-blockchain), Internet-of-Things (IoT), in-game assets, tax payment systems, supply chains, asset digitisation, and others. 

## Aleph Zero tokenomics

Azero crypto is the utility token on the platform, which powers the entire ecosystem by filling various roles. This includes staking, rewarding users, paying fees for the platform, and others.

In terms of its tokenomics, there are a total of 300,000,000 tokens. It is an inflationary token with a circulation supply of 160,000,000 tokens. That's why more than three million tokens are introduced to the market annually, to inflate their price.

The total supply of the tokens is distributed in several parts. These include a percentage for the blockchain foundation, the founding team, and the stakes. More than 80% of the founding team's share is locked for the network's security.

## Azero crypto price prediction

The current price of Azero crypto is $1.86. According to [CoinMarketCap](https://coinmarketcap.com/currencies/aleph-zero/), its current trading volume is $4,306,415, with a [market cap](/news/article/what-is-market-cap-cryptocurrency) of $369,040,554. 

The token is gaining traction in the market because of its unique use cases.
Its privacy-focused blockchain has attracted several DeFi projects, including virtual games, NFT collections, and more. It is the reason investors are looking to buy the asset. So, if you need insights into Azero crypto price prediction, here are estimated prices for 2023, 2025, and 2030.

According to the forecast from [PricePrediction.Net](https://priceprediction.net/en/price-prediction/aleph-zero), the token will be averaging $2.52 in 2023, and its max value will be $2.89. In 2025, Azero's price may reach $5 and go up to $5.93. In addition, the token will probably maintain the average of $32.15 and can hit the max value of $37.33. 

On the other hand, [CoinCodex](https://coincodex.com/crypto/aleph-zero/price-prediction/) also shows bullish sentiments for the cryptocurrency. Its forecast suggests there will be “buy” and “strong buy” signals until 2026. 

## Where to buy the Aleph Zero coin?

Aleph Zero coin is listed on some of the [best-known crypto exchanges](/news/article/best-exchanges-for-crypto-uk), so it is easy for you to buy. Here is the list of exchanges you can get the crypto from:

1.	[KuCoin](https://coinmarketcap.com/exchanges/kucoin/).
2.	[Gate.io](https://coinmarketcap.com/exchanges/gate-io/).
3.	[Huobi Global](https://coinmarketcap.com/exchanges/huobi/).
4.	[Bitrue](https://www.bitrue.com/home/).
5.	[MEXC Global](https://www.mexc.com/).
6.	[Uphold](https://uphold.com/).

## Is the Azero coin a good investment?

The Aleph Zero blockchain is an exciting project in Web3. It is built with ZKP technology which ensures trustless contracts and enhanced privacy. Due to this, the blockchain and its crypto can be used in various sectors while also creating good prospects for Azero as an asset.

The future price predictions of the coin also suggest bullish signals. As more projects enter the network, Azero may attract more users. This mass adoption may strengthen the coin’s position in the market.


green and blue tech background with azero crypto logo

Azero: Exploring the Privacy-Enhanced Crypto 

## Metakings Presale Metaverse: What’s in it for newbies? 

Want to learn more about the Metakings Metaverse presale? You've come to the right place. 

Metaverse, the shared space where users can interact virtually, mimicking the real world, will be the next big thing in tech. According to the [Global Metaverse Market Analysis Report 2022](https://www.businesswire.com/news/home/20230117005761/en/Global-Metaverse-Market-Analysis-Report-2022-Expected-Revenue-of-700-Billion-by-2030---ResearchAndMarkets.com#:~:text=The%20Global%20Metaverse%20Market%20is,momentum%20as%20it%20helps%20in), its market may reach a total revenue of $700 billion in the next seven years. It’s the reason even non-crypto natives are taking a keen interest in it.  

As a beginner, you may find it overwhelming if you want to join the bandwagon. To begin with, the already-established virtual platforms are quite expensive. In this regard, Metakings presale Metaverse can be worth exploring. 

## What is Metakings? 

Before we move on to the [Metakings](http://metakings.ai/) presale Metaverse, it’s crucial to get an idea about the platform. It is an artificial intelligence-based battle game. It has its own crypto, an MTK token, and its gameplay allows the players to earn rewards in its native token.  

Apart from fighting battles, it allows players to get in-game accessories, upgrade characters, and create kingdoms on its land. The blockchain game is built on the Binance Smart Chain (BSC). The project strives to become [the top-ranked game on BSC](/news/article/free-play-to-earn-games) regarding its active users.  

Though the platform is a P2E battle gameplay, it has proved impressive for virtual social interactions. You can buy real estate on the platform, create your virtual kingdom, and enjoy fun battle games with your friends in this digital realm.  

## Metakings presale Metaverse - An opportunity for beginners 

Metakings seeks to bring a new dimension to the Metaverse on BSC. The project is in its presale phase. This is an opportunity for individuals to purchase it at a discounted price. By playing Metakings, you can earn its native MTK tokens and in-game non-fungible tokens. These digital assets represent ownership of [a virtual piece of land](/news/article/nft-land) in its Metaverse. 

You can play to build your land and use it to generate a passive income. Suppose you participate in the presale - in that case, you can become an early adopter of the technology and have a chance to shape the future of this virtual world. It can help you get started with crypto and the virtual world if you are a beginner. 

## How to leverage Metakings presale of Metaverse? 

The presale provides an opportunity for crypto beginners to become part of Metakings’ Metaverse. Here’s how you can leverage it to earn rewards: 

1. One of the most common ways to earn rewards is its PvP combats. If you win these combats, you can push your rank on the leaderboard and earn MTK tokens.  
2. Secondly, you can breed MTK tokens and sell them in the market to earn a markup. . 
3. You can also collect rare Origins and Mystics. 
4. Lastly, you can produce the love potion used for breeding Metakings. 

## Closing thoughts 

Metakings is an imaginative blockchain game that is also introducing a Metaverse. Currently, the platform is running its presale, giving you a chance to purchase land in the [Metaverse](/news/article/how-to-buy-metaverse-land). Playing this interactive game, you can earn incentives in MTK tokens and its digital collectables. 

Metakings Presale Metaverse for Beginners

A revolutionary project in the Metaverse industry, RobotEra, is still offering its native token for presale. The TARO token of the virtual world is up for grabs at only 0.020 USDT.

The sale started in the last month of 2022 and will be completed in Q1 2023.

[RobotEra Metaverse](https://robotera.io/) is still in its initial phase, as it was launched in the last quarter of 2022. It’s a unique take on [GameFi](/news/article/what-is-gamefi) and Metaverse as it introduces an entirely decentralised ecosystem. 

## The RobotEra presale

Though the project is still in its developmental phase, it has gained traction from crypto investors and gamers alike. Since it is an ecosystem of various Web3 offerings, it shows signs of tremendous growth. This is why the TARO presale has received a phenomenal response from the community.

TARO launched in December 2022, and, so far, it has sold more than 46,382,380 tokens out of 90,000,000. The project has accumulated more than $927,647, while the team has set a target of $1.8 million.

## RobotEra - Metaverse, P2E gaming, and NFTs

The project protocol is deployed on the Ethereum blockchain, making it a secure platform for gamers. It is a complete Web3 ecosystem that involves its [virtual world](/news/article/how-to-buy-land-in-metaverse-worlds), blockchain game, and digital collectables.

So, whether you are a crypto enthusiast, gamer, or digital art collector, you will likely enjoy the project.

The blockchain game it offers has the [play-to-earn](/news/article/play-to-earn) (P2E) mechanism. You can earn rewards when you play its games and finish quests. The rewards are usually in the native token, TARO. But it can also offer you an NFT to upgrade your avatar or boost your powers. You can also cash out its crypto through exchanges or swap it with other crypto tokens.

The RobotEra platform works like [The Sandbox](/news/article/buy-sandbox-land-simple-guide), but is a multiverse for robots. You enter it as a robot and can create different experiences, socialise, play, and explore the virtual world.


RobotEra Metaverse Token Presale Update 

The Claymates NFT project is an innovative take on digital collectables. It combines [Cardano's blockchain technology](/news/article/cardano-analysis-and-explanation) with art, culture, and music. Clay Labs Digital launched these NFTs as part of the Clay Nation project in April 2021. 
[Claymates](https://www.claymates.org/) promotes sculpture art by turning hand-sculpted characters into non-fungible tokens. It introduces a collection of more than 10,000 unique collectables with real-life sculpture traits. In the Clayverse, these Claymates play a critical role as they can work as user avatars.

The concept behind Claymates Clay Nation is the brainchild of Isobel Robson and Lenna Onto, who founded it back in 2021. It is a creative take on digital assets built around the concept of ‘claymation’. Claymation, or clay animation, is a conventional method of filmmaking from modifiable characters.

Claymation is a popular animated filmmaking method using stop-motion photography. These NFTs are created algorithmically to shape different 3D sculpted characters. The collectables live on the Cardano blockchain as lively clay characters. The Claymates collection is created for entertainment, and you can collect them as your avatars in Clayverse.

## Clay Nation digital collectables 

The [Clay Nation](https://www.claynation.io/) collectables are among the most highly rated projects on the [Cardano network](/news/article/cardano-nft-marketplace). The series introduces 10,000 hand-sculpted unique character NFTs. All of its NFTs sold out within hours of its first drop.

So far, the project has launched NFTs in two series. It has also published an expansion pack and collaborative art pieces separately. It collaborated with several other Cardano projects like Collabits, Good Charlotte, and SpaceBudz.

## Claymates NFT price

According to the analytical data by [Open CNFT](https://opencnft.io/clay-nation-by-clay-mates), the floor price of these NFTs has been ₳4,100. The total volume traded in this project is ₳32 million.

Interestingly, in the past 30 days, the average price of Claymates was ₳5,218.35. In this period, a total of 248 assets were sold. Moreover, the ADA traded volume was ₳1,294,150.


![screenshot of line graph](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_02_20_at_14_08_58_63e95e707a.webp)


## Why does Claymates use the Cardano blockchain?

The primary reason behind opting for ADA for Claymates NFT project was its founders' previous affiliations with the network. Before launching Clay Nation, Lenna Onto worked with [IOHK](https://iohk.io/) for a stake pool.

As she was familiar with the ins and outs of the Cardano ecosystem, she opted for it for her clay-esque NFTs. The project’s white paper mentions that “Cardano is our roots”.

Secondly, the founders were also inspired by the ethos and sustainability of the blockchain. In addition, the blockchain platform is known for its dynamic community and diverse network, which aligns with Claymates’ vision. Charitable initiatives and fostering inclusivity are common goals for both. The founders dubbed the network a ‘natural home’ for their project.

## The future of Claymates NFTs

It is already ranked among the top three projects on Cardano. It has partnered with several big names in the art and music industry.

One famous name is Good Charlotte, an American band. Meanwhile, another striking collaboration has been with the renowned American rapper Snoop Dogg and his son Champ.

These partnerships indicated what its digital collectables can offer the entertainment industry.

If the project continues to bring forth new collectables and partner up with more artists, it can be a huge success for Cardano, too. As NFTs are becoming more popular, Claymates can become a trendsetter in the market.

Exploring the Claymates NFT Project

The details of Sam Bankman-Frieds bail have been revealed before the court. Surprisingly, the former CEO of the fallen crypto exchange, FTX, had been bailed out by two high profiles in academia. The co-signers happen to be Larry Kramer and Andreas Paepcke.

Interestingly, both guarantors have an association with the Stanford Law School. Kramer served as the Dean of the law school, whereas Paepcke served as a research scientist. 

Curiously, Sam’s parents also work for the same school. 

## Stanford academics contributed $700,000 for SBF bail

The surety documents of SBF also revealed that the notorious crypto figure was bailed out at $700,000. Kramer contributed around $500,000, and Paepcke put up more than $200,000 for the bail. It helped in the release of SBF, and he is currently residing with his parents in California.

However, the trial for fraud in the [FTX exchange case](/news/article/ftx-exchange-under-investigation) is not over yet, and the case proceedings are still ongoing in the federal court of New York.

The founder of the fallen exchange was [released on a $250 million bond](https://www.ft.com/content/6993c3fa-6147-4cd3-9214-886d4da20d2f). According to the government prosecutors, it was the largest ever amount. Initially, the bond was covered through SBF’s parent’s home, Palo Alto. 

## Judge Kaplan ordered to reveal of bail documents 

Lewis Kaplan, the federal court judge, ordered to reveal the details of the surety documents. It included the revelation of the co-signers' names and the amount they contributed. The judge took action after the request from the Inner City Press back on 3 January.

Previously, the identities of the bail guarantors were concealed at the request of SBF’s lawyer. But now, the unsealing of documents has exposed the names of the co-signers. Larry Kramer and Andreas Paepcke are the figures from Stanford who put up significant amounts. 

SBF’s parents, Joseph Bankman and Barbara Fried, also work for Stanford Law School. It implies that their affiliation with other employees in the school has helped secure Sam Bankman-Fried’s bail, previously [denied by the Bahamas judge](/news/article/ftx-boss-denied-bail-in-bahamas) in December 2022.


image of sam bankman-fried, Andreas Paepcke and larry kramer stanford in front of image of millions of dollars falling

Latest Moni

Author: Wasay Ali

Author: Wasay Ali's Articles

THORchain Explained

UAE CBDC to Complete First Phase by 2024

SpankPay Crypto Payment Service Shuts Down

Chain of Alliance: An Adventurous RPG Multiverse

Azuki NFT: Anime-Inspired Digital Art

Bitzlato Crypto Exchange Founder Denies Charges

THORchain Explained

Uniswap Ledger Connect Guide

UAE CBDC to Complete First Phase by 2024