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Stablecoins Supply Drops Almost 19% In Q2 2022

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Stablecoins Supply Drops Almost 19% In Q2 2022

The total supply of stablecoins decreased globally by 18.8% at the end of the second quarter of 2022 as the equities markets and risky assets experience volatile times due to rising inflation and other macro reasons.

Stabelcoins Supply Falls In The Second Quarter

Digital tokens called stablecoins are anchored to fiat money like the dollar. These currencies are supported by a combination of cash reserves, commercial holdings, and other physical assets and make use of blockchain technology.

This week, Arcane Research released a paper that detailed the supply pattern. In their analysis, Arcane looked at supply information for popular tokens like USDT, USDC, BUSD, DAI, MIM, and USTC.

Data indicated that the overall supply was above $180 billion in May 2022. By the end of the second quarter, that amount had dropped to $151.3 billion, indicating an 18.8% decline in worldwide supply.

The report claims that the significant reduction, which is estimated to be worth $35.1 billion, is the greatest quarterly supply drop in stablecoins history. This occurs at a time when the cryptocurrency market is struggling and the prices of market leaders like Bitcoin have fallen dramatically.

Suggested Reading | TRON Bulls Are Back To Pump Some Energy Into TRX Coin

USDC To The Top

In particular, Arcane’s report anticipates a rise of USDC to the top. In fact, the analysis predicted that somewhere in October 2022, the market value of USDC will increase by around USDT.

According to Arcane, Tether (USDT) has been the market’s largest stablecoin, fully utilizing the first mover advantage. However, in November 2021, it decreased by 50%. As the market capitalization of USDT fell from $78 billion to $66.3 billion in 2022, the fall continued.

1658859546 501 Stablecoins Supply Drops Almost 19 In Q2 2022

USDC market cap at $54 Billion. Source: TradingView

The top two stablecoins in cryptocurrency at the time of publication are USDT and USDC. The market capitalization of both tokens is over $50 billion. Binance USD (BUSD), the nearest rival, comes in third with a market worth of roughly $17.83 billion.

Related Reading | Ethereum Merge: How ETHBTC Could Hint At A Return Of Risk Appetite

Featured image from iStock Photo, charts from TradingView.com, Arane research

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Arker: The Legend of Ohm Transitions to 3D on Unreal Engine 5 with AAA Graphics

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Arker: The Legend Of Ohm Transitions To 3D On Unreal Engine 5 With Aaa Graphics

Currently, active blockchain game Arker has released the final 2D complete redesign edition of its main gaming product, Arker: The Legend of Ohm. This current update comes after an exciting year of progress in which Arker has seen an expansion in its personnel, marketing efforts, and partner initiatives. One of Arker’s biggest advancements, a 3D version with Triple-A visuals based on the Unreal Engine 5, will enter alpha testing later this year (maybe in Q4 2022).

New updates to Arker: The Legend of Ohm will usher in a fully-fledged, playable alpha of the 3D metaverse, where players may explore the wars and games of Ohm’s reign. According to the latest announcement from the Arker team, they are finishing up “the implementation of all the HUD and the system of fights against the enemies that appear in the open world of Ohm.”

In Arker, an online blockchain game, the player and their partner pet go on a mission to reclaim the player’s homeland, the Kingdom of Ohm. The game’s unconventional metaverse, which makes use of NFTs, challenges the conventional, linear structure of existing MMOs. Included in the game is a fantastical metaverse where players may explore an infinite variety of gameplay paths. Every player gets to choose their own hero and make them look exactly as they want. In addition, one may play Arker alone (versus other players/monsters) or with some friends, expanding the scope of your gameplay options significantly. (such as through winning over antagonists or competing with other guilds).

The team claims that the release of the 3D version is only a continuation of the 2D version, and they want to continue developing and updating the 2D version as well.

The statement read:

“We have to emphasize the point that we are not neglecting the current 2D version or the progress of the players in it. We also have to make clear that the 3D version we are working on for this year is an alpha version, in which the game will be tested in a controlled way.”

With the release of the 3D version, participants on different blockchains will be able to interact with one another and compete in a multiplayer online game. Existing players may utilize their 2D game account to track their 3D world progress and vice versa, ensuring that they will not lose any of their progress and allowing them to continue using all of their things in both games.

More content, missions, and mini-games rooted in the ecosystem will be included in the 3D edition, among other improvements and enhancements. In addition to seeing the city’s famous monuments, gamers will be able to go inside the buildings and possibly buy some property to start their own company in the updated edition. If you play in the Arker metaverse, you may also get money without doing anything other than logging in. Tokens are distributed as a reward and may be used on in-game content or sold on marketplaces.

Already, major companies are investing in the game in the hopes of making it a hit throughout the world. Arker is one of the first blockchain-based games to launch on Nintendo Switch, and its developers have promised more collaborations and updates to “bring the game to the maximum number of possible platforms” in the near future.

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Emergent’s Beta Version Trading Card Game Introduced by InterPop

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Emergent’s Beta Version Trading Card Game Introduced By Interpop
  • Players have a chance to win Scott Kolin’s comic books.
  • Kolin’s comic book can be exchanged for physical art. 
  • Few of the characteristics included in the super booster drop are exclusive.

One of InterPop’s signature products, the Emergents Trading Card Game (TCG), has finally launched the public beta version. TGS trading card game is similar to Pokemon and Magic, and it uses the strength of blockchain technology and deck building to improve the TCG play experience. 

InterPop is creating the future of digital fandom through the consequent increase of comic, game, and collectible NFTs on the Tezos blockchain. InterPop’s new TCG gameplay of Emergents is less difficult than the current blockchain card games, which frequently rely on complicated tokenomics.

InterPop’s CEO Brian David Marshall said;

Our goal has never been to build the best blockchain game, it has always been to build a better game than what was out there – be it so-called free-to-play or the complicated DeFi mechanics of blockchain games – that could go toe-to-toe with best in class trading card games and recapture some of the excitement that came from buying, selling, and trading Magic or Pokemon cards in the real world.

Traits on The Beta Version TCG

With the release of the public beta version, interested users can have the chance to create a digital collection of one-of-a-kind cards based on InterPop’s first five comic book series. Additionally, the cards can be exchanged on the Tezos blockchain NFT exchanges Rarible.com and Objkt.com. Players can experience full ownership due to Emergent’s TCG tokenization concept and the ability to purchase or sell cards to customize their decks.

To highlight the release of the public beta, Emergents TCG will also offer unique promo-card packs nicknamed, the “Super Booster Drop.” Whitelisted participants can purchase these cards starting on August 18.

This special pack has a few benefits including, super booster unique NFT cards, player avatars, and NFT comic books. Each of them has a chance of being upgraded to an NFT with a higher rarity. The Emergents’ Universe comic cover art, by renowned artists including Colleen Doran, Amanda Conner, Steve Ellis, and Juan Doe, also will be included on the NFT cards.

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Emergents TCG Officially Moves To Public Beta With The Exclusive ‘Super Booster’ Pack Flash Sale

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Emergents Tcg Officially Moves To Public Beta With The Exclusive ‘Super Booster’ Pack Flash Sale

InterPop, a rising Web 3-based digital entertainment company, celebrated the first anniversary of its Emergents gaming universe by moving the all-new Emergents Trading Card Game (TCG) into the Public Beta phase last week. The digital trading card game is an initiative behind some pro gamers and game developers including Corey Burkhart, Alan Comer, Paulo Vitor Damo da Rosa, Brian David-Marshall, Zvi Mowshowitz, and Drew Nolosco. In further celebration of the Public Beta phase, InterPop announced the launch of its exclusive commemorative card pack, ‘Super Booster’, flash sale, starting August 18.

The Emergents digital trading card game (TCG) aims to provide players with an unmatched player experience via its captivating storylines and expansive universe. Additionally, the game leverages the power of Tezos’ proof-of-stake blockchain to offer players digital NFT cards, which are more environmentally friendly collectibles than physical cards. The presence of blockchain means players will be able to own and control their own cards, cosmetics, and other game assets on any wallet that supports the Tezos ecosystem. Simply, the game combines the deep strategy of traditional TCGs, the convenience and fast pace of digital TCGs, and the digital ownership of Web3.

The digital trading card game will allow users to build up their card decks by playing the game and collecting cards through the game, similar to Pokemon and Magic: The Gathering. Simply, players collect card parks and fine-tune their deck by buying more packs or selling the cards they do not want on the marketplace. Unlike the Pokemon cards, the Emergents TCG cards are tokenized on the Tezos blockchain as clean, environmental responsible NFTs.

“Our goal has never been to “build the best blockchain game” it has always been to build a better game than what was out there – be it so-called free-to-play or the complicated DeFi mechanics of blockchain games,” Brain David-Marshall said. “[One that] could go toe-to-toe with the best in class trading card games and recapture some of the excitement that came from buying, selling, and trading Magic or Pokemon cards in the real world.”

InterPop introduces the ‘Super Booster’ card packs

Following the move of TCG into Public Beta, InterPop announced the drop of the all-promo ‘Super Booster’ card packs, which will feature a ton of content and bonus features for players. The ‘Super Booster’ cards will be sold in an exclusive pre-sale to the whitelist, starting August 18 with the public sale opening on August 19. Players need to purchase any comic NFT or any promo card from the upcoming trading card game to join the sale list.

The ‘Super Booster’ pack will include three main tiers of card packs; ‘Super Booster’, ‘Rare Super Booster’ and ‘Epic Super Booster’ card packs, each offering players different perks respectively. The first two tiers will be available for purchase for 50 XTZ (~$91.00) and 175 XTZ (~$317) [payable using credit/debit cards] respectively, each containing a series of features and content.

The ‘Super Booster’ and ‘Rare Super Booster’ card packs may include an exclusive NFT promo version of cards from Emergents TCG’s initial set, early-access NFT cards from upcoming TCG’s NFT releases, ultra-rare ‘1-of-1 edition’ of 1st Minted promos of every promo card in the Super Booster card packs, NFT player avatars with skins and characters exclusive to this drop, and one or more NFT comics from InterPopComics.com, including rare, sold-out variant cover NFTs from InterPop’s launch celebration in 2021.

The ‘Super Booster’ card pack will also have the Epic Super Booster card pack tier, each of which will be sold at an auction in an edition of 8. Each pack in this tier will contain some of the rare features and content on Emergents TCG including a 1st Minted, edition of one Super Booster exclusive NFT card, 1 Scott Kolins Original Comic Art NFT, redeemable for the original comic art, 4 epic Super Booster exclusive NFT cards, 5 rare Super Booster exclusive NFT cards, 10 Super Booster exclusive NFT cards, 2 comic NFT Books, the Abyss player avatar NFT, and an additional 2 player avatar NFTs.

Comic book original art is always a highly sought-after Holy Grail for comic book fans and is the original 1-of-1 collectible. InterPop has worked tirelessly on bringing alive its comic universe having debuted its first five comic book series The Nine, Emergents Presents, #ZOEMG, The Abyss, and The Rejects in the past year. The comic book series is enrichening the Emergents universe, creating a brand new superhero universe, with all comics available digitally via their InterPop Comics readership platform.

 

Image source: Emergents TCG

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Brazil Witnesses Introduction of New Crypto Trading Platforms

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Establishment Of Bitdao’s Layer 1 (L1) Proposed By Bitdao Development Team Headed By Bybit