No Rest For the Bearish

No Rest For The Bearish.

Happy Friday morning to all you Cryptonauts out there! Today we have some tasty tidbits to start the end of your week. Although the markets might be slow, the news sure isn't!

Coda Labs Releases Detailed Web3 Gamer Study. Here's the take away.

• 52% of "Gamers" surveyed, were unfamiliar with any web3 terms. Only 12% have ever tried a Web3 game, and a mere 15% showed interest in trying one in the future. This leads to the conclusion that Web3 gaming is far from mainstream.

• 65% of "Heavy crypto Users" have tried a Web3 Game this applies to both "gamers and on-gamers" in this category.

• The most familiar crypto (other than bitcoin) among the surveyed was surprising "Doge Coin" the sensational meme coin that reached epic highs in the last bull cycle. This goes to show what the power of internet virility can do for a brand.

• Despite a rather disappointing level of sentiment, and the ongoing bear market the survey found that 25% had researched a cryptocurrency in the last 6 months and 15% had purchased crypto in the last 6 months.

Go Big or Go Super Bowl?

With what has perhaps been the hottest topic of the week, a rising star in the NFT space has purchased some serious Super Bowl ad time....the response on twitter was oddly mixed.

• Limit Break - the creator of the DigiDaigaku NFT game (Gabe Leydon) has purchased a $6.5 million ad for its NFT-based game at the Super Bowl.

• Responses to the news had CT aflame as many reflected on the purchase as a waste of company funds in a down market. Others responded with historical data pointing towards high ROIs on Super Bowl ads, and praised the strategy...It would seem the jury is still out on this one.

• Leydon announced in August that he and Machine Zone cofounder Halbert Nakagawa had secured a whopping $200 Million in funding. The company was one of the first hyper successful “free-to-own” launches. Meaning simply the company gave away its DigiDaigaku non-fungible token (NFT) collection of anime characters.

You Can't Keep A Good Bull Down

• The widely popular blockchain-based TCG "Splinterlands" has announced the project has sold more than 10 million packs! The company has released 3 expansions to date. The latest expansion "Chaos Legion", went on sale eight months ago and only 15M packs were minted.

• Blockchain games and metaverse projects raised a cumulative $1.3 billion from July to September (according to Dapp Radars' latest reports). While this figure was down nearly 50% compared to the second quarter, it was still almost twice as much as the total raised in 2021. 

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Until Next time...

While you continue to explore these juicy tidbits, I'm off to the pantry for some exploring of my own. Until next time...