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Jordi Molla, Raini, and Krew Studios Announce 1 of 1 NFT Drop Ahead of Art Basel



Krew Studios

Earlier in November, Raini and Krew Studios announced their collaboration which will be bringing in A-tier brands and celebrities into the digital space through a series of curated, limited edition NFT lineups.

The first of these, the MASKS by Jordi Molla, is scheduled to launch on December 08 on Raini’s platform. MASKS is a collection of unique digital masks based on a collection of meticulously hand-painted masks created by the artist and actor. The MASKS lineup is intended to pull back the layers that hide the true value in a person’s soul and character, demonstrating the connection between who we choose to appear as in externally, and who we are truly, deep within. It is expected that the collection will be integrated as an accessory for profile pictures with more details to soon follow.

In preparation for the drop, it was announced that an auction of one of Jordi’s paintings, which regularly sell for $28,000 as unframed acrylic canvas, will be conducted via an NFT (accompanied with the right to redeem for the physical accompaniment) through the Raini platform. The piece titled “I will flood you with my flowers” was inspired by the nature of Marbella. An outburst of colors and texture influenced by the artist’s experiences on Costa Del Sol. The 1 of 1 will be auctioned starting on November 29.

The auction buyer will receive exclusive whitelist privileges for the MASKs premier lineup (5 whitelist slots guaranteed), in addition to tickets to the Krew MASKS premier event at Art Basel in Miami, during the week of December 2nd. There the winner can meet the Krew team, Jordi, and learn more about the AR/VR tech being integrated into the drop, in addition to getting to know more about the man behind the MASKs themselves (Molla).

Additionally, a percentage of the MASKS lineup will be available to Raini supporters as a special allocation for providing liquidity or staking $RAINI via the platform’s Unicorn and Rainbow pools. More info about Raini staking can be found here.

Krew Members Only NFT Passes Grant Access to Exclusive “MASKS” Event

Krew Studios will be releasing a very limited number of  “Members Only” NFT Passes that will give holders access to the “MASKS” NFT Art Basel event. In the future, this model will be used for all future Krew lineups: Krew’s Member Only Pass NFT will grant exclusive whitelist privileges to holders for every drop they produce.

More details will be released in the coming weeks.

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The Most Versatile Dao Projects That Go Beyond Finance and Governance



The Most Versatile Dao Projects That Go Beyond Finance and Governance

Over the past two years, there’s been a lot of talk and hype about the future of finance, especially across the crypto field, with the surge in value of decentralized finance (DeFi) platforms. The thriving peer-to-peer crypto network is becoming a standard part of a diverse crypto portfolio, grabbing the attention of consumers, invebstors, mainstream media, and billionaires alike. Looking at the numbers, the total value locked (TVL) on DeFi-based platforms has skyrocketed from nearly $8 billion at the start of 2019, to over $95 billion, as of writing. 

This growth has been supported partly by the growth of DAOs, or decentralized autonomous organizations, which gives users a seat at the table allowing them to govern and make proposals on the functioning, upgrades and improvements of the platforms. Nonetheless, the DAO ecosystem is growing at a faster pace, branching out with more use cases on DeFi than governance and finance. In this piece we look at some of the top DAO projects that aim to revolutionize the industry in 2022. 

1. CanDAO

Our top pick DAO project is Candao, a decentralized social network that enables seemingly seamless communication between blockchains, and provides an overlaying set of tools and solutions that connect crypto communities from disparate environments. The platform also provides a portfolio of social-oriented, blockchain based utility features, and value based on three fundamental values recognised by the community: People, Consensus and Gamification. 

Some of the top features available on CanDAO’s platform include Matchify, CanDAO Pad, CanDAO Shop, CanDAO ID, Meta Scan, CanDAO Group, CanDAO Chain, and CanDAO Messenger. These features unlocks people’s value by letting them tokenize the value they create, liquefy assets, and connect existing assets in order to build a joint venture and sustainable communities. 

2. Bit DAO

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Second on our list is Bit DAO, a decentralized treasury that holds more than $2.5 billion in assets through several mega-raises. The community has attracted some of the biggest players in the crypto and finance industry including Peter Thiel, Alan Howard, and Founders Fund. Bybit, a Singapore-based derivatives cryptocurrency exchange, has also committed 0.025% of its total trading volume (or about $1 billion) per year to the DAO as well.

The BitDAO community aims to create financial value through its DAO Treasury by allowing staking, lending and incentives models on the platform. Additionally, the platform is building an ecosystem of autonomous entities (AEs) that are funded in part by the BitDAO treasury and bring together some of the best partners to help develop Web3 across art, entertainment, finance, and technology and more.

3. Decentraland DAO

1643068227 457 The Most Versatile Dao Projects That Go Beyond Finance and

Amidst the rising case for the metaverse, our final entry is Decentraland DAO, a decentralized governing body that is in charge of Decentraland’s parcels of virtual land. The DAO widens the scope of decentralized governance, bringing autonomous governing protocols into the metaverse. The DAO gives the virtual land owners voting power that is dependant on how much virtual property they own. 

This represents the first-of-its-kind DAO that allows people to have a say on governance in the metaverse. This opens up a world of possibilities such as staking, lending, and borrowing funds using your virtual land as collateral. 

Final words

Since the launch of DAOs in 2016, with the Ethereum DAO, decentralized governance protocols have witnessed a sudden growth and rapid innovations. Today, DAOs offer much more than governance. DAO-based protocols are changing the finance industry creatively and innovatively to create value for the community. With platforms such as CanDAO offering an array of features to token holders, the community has more utility on the platform, other than a vote.

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Has Bitcoin Reached Its Bottom? Analyst Says It Still Has A Long Way To Go



Long road for bitcoin

Bitcoin has had a rollercoaster of a month in January. The digital asset which enjoyed much success in 2021 has walked into 2022 with bloody feet. Since then, it has managed to crumble more than 50% of its $69K all-time high. As nerves run high, investors scramble to make sense of when the onslaught will cease. As bitcoin is yet to see any significant support below the $40,000 level, analyst says the worst may be yet to come.

Bitcoin Has Lost Critical Support Level

Pseudonymous analyst Dave the Wave is known in the crypto space for being one of the few to call the May crash. Last year when prices of digital assets like bitcoin went into a frenzy, Dave had been one of those to sound the alarm for the incoming price crash. Not long after, the market had indeed seen a price crash that led to about a 50% downward correction.

Related Reading | Bitcoin Breaks $37,000, Why Downtrend To $29,000 Is Likely

This time around, the analyst has issued another warning. Using multiple charts, Dave the Wave lays out their analysis of the bitcoin market. The prognosis? Further downward correction towards $25,000 may be possible.

BTC begins recovery trend | Source: BTCUSD on

The analysis spreads over multiple tweets where Dave the Wave educates their 90K Twitter followers on what they expect from the market. Firstly, they analyzed using the Fibonacci extension. After measuring its potential head and shoulders, landing on a downside of $25,000.

They note that bitcoin had already broken through a critical support level. Under which there is not much support, meaning that the price of the digital asset was prone to continue falling. “The problem is once it loses that 40K area, there’s not much support below,” the analyst said.

Chart showing bitcoin losing support level

BTC loses support at $40K | Source: Twitter

What’s In Store?

Naturally, the next steps were to figure out possible bounce points for the digital asset. They do this by mapping out where there would be a trend reversal. “A lower level again and lines of resistance that price would have to cross before even thinking of a trend reversal.” Since this call, the price of bitcoin has since fallen below this point, now touching as low as $33,000.

Chart for trend reversal

BTC misses trend reversal | Source: Twitter

Related Reading | Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst

Presently, the last chart in the series shows a possible upward reversal if the digital asset was able to hold above $35K.

BTC fails to hold above $35K

BTC fails to hold above $35K | Source: Twitter

Since the tweet went live, bitcoin has not done well in the market and has in fact dropped below this point. If Dave the Wave’s analysis is anything to go by, then investors may need to brace themselves for impact as the next stop may very be the $25,000 range, which is the next major support point.

Featured image from LinkedIn, charts from Twitter and

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Following Crash, Bitcoin Open Interest Declines To Sept 2021 Levels




Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future.

Bitcoin Open Interest Drops To Similar Levels As In September 2021

As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash.

The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for both long and short positions.

When the value of the indicator increases, it means more money is entering into the derivatives market as investors open more positions.

The volatility in the price of Bitcoin usually rises in such scenarios as it implies leverage in the market is going up, and so a liquidation squeeze may be coming.

On the other hand, when the open interest declines in value, it means holders are closing up their futures positions. The resulting lower leverage environment usually leads to lower price volatility.

Related Reading | Bitcoin Diamond Hands: Despite Recent Fear, Coins Aged 12-18 Months Rise To 2-Year High

Now, here is chart that shows the trend in the Bitcoin open interest since the May of last year:

The value of the indicator seems to have gone down recently | Source: CryptoQuant

As you can see in the above graph, the Bitcoin open interest has declined after the crash in the price of the crypto to $35k.

Similar behavior was also seen during two other instances in the last six months, where a crash in the BTC price wiped out some open interest.

Related Reading | Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst

During all these instances, it seems long liquidations were at play to amplify the slide in the crypto’s price. Now, the Bitcoin open interest is at the same level as September 2021.

Ethereum’s open interest has also dropped significantly since its ATH, and is now the lowest since last Sept. The below chart highlights this trend.

Ethereum Open Interest

Looks like the ETH open interest has also observed a reset | Source: CryptoQuant

As the open interest values are now relatively lower, the quant believes volatility should also be lesser in the near term.

BTC Price

At the time of writing, Bitcoin’s price floats around $33.3k, down 21% in the last seven days. Over the past month, the crypto has lost 34% in value.

Here is a chart that shows the trend in the price of BTC over the last five days:

Bitcoin Price Chart

Looks like BTC's price has shown sharp downtrend in the last few days | Source: BTCUSD on TradingView
Featured image from, charts from,
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