“Slow is smooth, smooth is fast” “Slower than anyone wants, faster than anyone believes is possible”
Just two of the many through provoking quotes you will hear coming out of the Wolf Pup NFT powered Wolf Den. Wolf Pups are an exclusive collection of 5,000 unique Wolf Pups. As a Wolf Pup holder you get access to a private community, private events and the pride of displaying your Wolf Pup NFT as your profile picture on your favorite social media platform.
That is all fairly standard in the NFT space and amongst the Web 3 community. As the founder of the Wolf Den states:
“Only innovate where you differentiate. There is no need to change what works, the distinction is in the details that are unique to each person or project”
Anyone paying attention would agree: the individuals around the web rocking a Wolf Pup PFP are… different.
Wolf Pups are NFT’s, digital collectibles that are transferred, stored and secured on the blockchain. Wolf Pups are hosted on the Ethereum blockchain, up to this point all of the purchases and transactions have been done in Ethereum as the currency. The Wolf Den plans to change that, which we will explore later.
Each Wolf Pup has a unique blend of over 160 possible traits including background color, fur color, sword type shield type, eye color and tail color. While they have rarities that are programmed in, the Wolf Den is also changing how NFTs can be valued; another thing for later.
Each trait was carefully chosen by the creators to represent a reflection of the human condition. The Wolf Pup holders that pay very close attention have been posting publicly and in the private communities how much they have learned about themselves and how to interface with others effectively just by being part of the community.
As of today, 4,046 of the 5,000 Wolf Pups have been minted. When you ask the community members why they don’t push harder to get the rest minted the answer is a version of “slow is smooth, smooth is fast”. The community is far more interested in developing a strong culture that people want to not only be a part of but actively contribute to, than they are in traditional NFT metrics. The byproduct?
Only .6% of the minted wolf pups are listed on the marketplace. Wolf Pup holders don’t want to let go go their Wolf Pups. They’re busy registering them, naming them and creating stories for them, stories that the community is gravitating towards and paying attention to.
The idea is that, although each NFT has a programmatically and randomly designated rarity, holders can turn their specific Wolf Pup into a “niche celebrity” - the more someone identifies with, follows or learns form a Wolf Pup the more they value the IP, regardless of the randomly assigned programmed traits. The Wolf Pups are “born” with an objective value, but through their contribution and leaning into their uniqueness they can rise above and become more valuable to the community.
Understanding this, Wolf Pup holders have been empowered to create - specifically in a way that adds value through entertainment, education, support, etc.
The Wolf Den mission is a big one. They’ve already created their naming registry, had multiple in person events and given sneak peeks of their metaverse and gaming platform. The real mission, according to tweets and documents fom the team, is to build a web 3 world of significant contribution through building a publishing platform and publishing purpose driven projects onto the blockchain and into the Guard FDN ecosystem.
They have already published The Guardian Academy, an educational project that thousands of students learning and contributing to the web 3 space and Recovery Punks, a project by Artists for Addicts, committed to changing the global conversation about addiction recovery and connection.
The plan is to move all of the published projects, collaborators and partners over the ‘Guard FDN ecosystem’ - where they will all use Guard as their primary currency and, together, use the governance structure of the Guard FDN to create a a world of hundreds of projects all working together to use blockchain tech and web 3 community to continue to make a meaningful contribution to the world.
Due to a series of events that have significantly harmed any altcoin, including Bitcoin and Ethereum, the crypto winter may last longer. Bitcoin, the most popular cryptocurrency, fell more than 3% to $16,160 after failing to break out of a descending triangle pattern in the market. Similarly, Ethereum, the second-most valuable cryptocurrency, has fallen nearly 5% to $1,171, following Bitcoin's lead.
It looks like that the bad time of crypto is not going to end any time soon. The recent FTX collapse has also affected the entire crypto industry and most of the big coins are going down when it comes to their price. Just recently, we have seen the sudden crash of BTC going below $17000 which looks quite alarming to all Bitcoin holders. While on the other hand, for the people who were thinking to buy BTC, it may be a good time for them since they are now less expensive than their value before the collapse.
China’s Situation:
China Lockdown Causes a Sell-Off in Global Markets. Cryptocurrencies fell as a result of investor apprehension in global markets brought on by protests in China against Covid restrictions. Outraged by the stringent COVID-19 regulations, protesters demanded the resignation of China's powerful leader.
On Sunday, officials in at least eight cities attempted to suppress demonstrations that posed a direct threat to the ruling Communist Party. This was a rare rebuke. Nearly three years into the pandemic, dissatisfaction with President Xi Jinping's well-known zero-COVID policy has sparked a surge of public disobedience on the mainland not seen since President Hu Jintao took office a decade ago.
The COVID-19 regulations are also having an impact on the second-largest economy in the world. The largest demonstrations against the ruling party in decades have taken place since and have spread to cities like Beijing, the capital, and dozens of university campuses.
China's role in the cryptocurrency slump:
The second-largest economy in the world, China has a significant impact on global financial markets; therefore, financial backers are searching for a place of refuge to stop their speculations. Since stocks and digital currencies are not considered safe havens, today's price action is bearish.
However, Bitcoin and other currencies may experience a sharp bullish reversal as the situation in China improves and the protest ends.
However, given that some investors are beginning to believe that Chinese stocks may have reached a crossroads following the recent sharp gains, the protests may dampen sentiment. This is the case in spite of a growing chorus of bullish China calls on Wall Street, which cited favorable policies and low valuations.
The unrest in China may also dampen hopes that a gauge of currencies from emerging markets will experience its strongest monthly rally in six years on global markets.
Describe Ethereum. that's a reasonable question for someone new to the cryptocurrency world to ask, as long as they are likely used to seeing Ethereum and its native (Eth) token alongside Bitcoin in the media and on exchanges. It's not exactly fair to compare Ethereum in with Bitcoin. Its characteristics, objectives, and even technology are distinct.
According to Cointelegraph, with Ethereum, users can conduct transactions, stake their holdings to earn interest, utilise and store nonfungible tokens (NFTs), trade cryptocurrencies, play games, access social media, and far more. Ethereum may be a decentralised blockchain network powered by the Ether token.
A bank or a web brokerage like Vanguard or Fidelity won't let you acquire cryptocurrency. you want to instead make use of a bitcoin trading platform. There are many cryptocurrency exchanges accessible, with dashboards that range from basic to complex for knowledgeable traders. Before registering, it is a good idea to conduct some research on the various platforms because they have varying pricing structures, security measures, and other features.
You'll almost probably have to provide some personal information and have your identity validated to register an account with a cryptocurrency exchange. then, you'll add money to your account by linking a debit card or bank account. counting on the option you select, fees may change.
As with any investment account, funding your account doesn't mean you have purchased Ethereum, and you do not want your unspent money to sit there. to take a position at this time, you want to first buy Ethereum.
After your account has been credited, you'll exchange your dollars for Ethereum. Enter just the dollar amount you would like to convert to Ethereum. you'll purchase shares of a single Ethereum currency, counting on the price of the cryptocurrency and the amount you choose to invest. A percentage of the whole amount of ether coins will be shown as your purchase.
If you simply have a small amount, it's simpler to go away your cryptocurrency investment in your exchange account. However, a digital wallet might offer additional security if you select to move your holdings to a more secure storage site. Digital wallets are available in many different forms, each with differing levels of security, like paper wallets or mobile wallets.
Should you buy Ethereum?
According to market capitalization, Ethereum is the second-most valued cryptocurrency and is viewed as the silver to Bitcoin's gold. like all investments, there is a chance that Ethereum's higher risk will also result in higher rewards. In any case, the year 2009 is not longer relevant because Ethereum has advanced past the proof-of-concept stage, and now's the perfect time for investors to start looking into this asset class.
Do your research before investing a large portion of your retirement money in Ethereum or any other cryptocurrency due to the unpredictability and volatility of the market. But it is often worthwhile to take into account as an aggressive growth option in a diversified portfolio. Naturally, never risk extra money than you can afford to lose.
The future of Ethereum
The Ethereum blockchain has become increasingly well-known in recent months as a result of the development of numerous NFTs and decentralised finance projects. Advocates claim that the arrival of new applications like these, which are among the primary ones to operate on a public blockchain, has already resulted in a significant network effect, where new developers are drawn to Ethereum due to the increased activity.
However, there are still fundamental questions over whether Ethereum, which is not on time due to a complex series of technological upgrades, are going to be able to compete with more agile rivals and whether any consensus on its long-term function will emerge as the cryptocurrency industry expands.
As a result of Ethereum's long-term significance, investors like Garg warn that the cryptocurrency markets could also be due for a turnaround, with Bitcoin returning to undisputed dominance.
Everything that takes place in today's times, needs to take into consideration a lot of factors. These factors are not only related to the field they belong to or are from a technical point of view but are much more important and necessary than that. The environmental factor comes to mind. It is important to take steps that do not affect the environment in any way but performs their purpose without causing much harm to the environment or causing minimal damage to it, if at all.
Reasons for the environmentalist demand to get Bitcoin to follow Ethereum's footsteps
To understand why the environmentalist is dead set on making a bitcoin shift, one first needs to understand the path that Ethereum has followed that has quite impressed the environmentalists. The transition of the Ethereum blockchain form that of proof-of-work to proof-of-stake has taken a huge step in the preservation of the environment. It has saved almost up to 90% of the electricity it used to consume before. Therefore, it has raised a similar demand to pursue Bitcoin to follow the same track.
What are the steps taken to urge Bitcoin to follow suit?
After the merge took place, the Environmental working group made an announcement that was to make Bitcoin follow the path of Ethereum. In this announcement, it was stated that the EWG or the Environmental working group would be commencing a campaign worth one million dollars to make Bitcoin follow this path. It would urge Bitcoin to take up green initiatives or measures and to let go of its systems that have already been quite outdated. One example of it is the usage of the PoW. This is not a new concept that the EWG came up with.
Before the campaign against Bitcoin, a similar event has taken place in which the Greenpeace community, launched a petition against Fidelity Investment to get them to adopt the PoS. They called for a transition immediately.
It was also stated by various leading figures of this green campaign that the various kinds of cryptocurrencies have been working by taking into consideration the several consensus mechanisms for years now. However, Bitcoin has decided to not adhere to any and has let go of the responsibilities it owes to the environment. It has refused to play its role in the preservation and safety of nature and its resources.
How has the merge helped the environment?
There have been various statements made by the environmental authorities regarding there and how it has helped in the preservation of the environment. The merger has helped in saving a lot of energy and has shown that digital assets, with a few necessary changes, would not need to take up the amount of energy they aid to take up before. It has paved the way for many crypto assets to follow and to bring about a new and better environmentally conscious world. However, all are looking forward to Bitcoin's next move in the same matter.
Conclusion
There have also been reports that have shown the negative side or setbacks of adopting a proof-of-stake system. It has even been stated that a comparison of the two, that is, of proof-of-stake to Bitcoin is rather futile and baseless. There have also been various lawmakers in the United States who have asked to suffer major Bitcoin mining agencies to come up with reports that show how much energy goes into the mining of Bitcoin. They need to show the amount of energy that is consumed, the sources from which they get energy as well as the percentage of energy that is derived from the renewables.
Maximalists in the Polygon [MATIC] community have been having a nice time as a result of the recent occurrence of a variety of new advancements on the network. Lark Davis, a reporter with cryptocurrency news outlet Crypto reporter, revealed that MATIC had reached two billion transactions in its existence.
This is very important news for Polygon, which has been one of the scaling solutions for Ethereum [ETH] that has performed very well. However, this is not the end of the story since transactions based on polygons are quickly catching up to and even passing Ethereum.
Definition of Polygon
Polygon is a scaling solution that operates beside the Ethereum blockchain and is referred to as a "layer two" or "sidechain." It enables transactions to be completed quickly and at a cheap cost. The native cryptocurrency of the network is called MATIC, and it is utilized for a variety of purposes including fees, staking, and more. Exchanges like Coinbase allow for the purchase and sale of MATIC.
What is meant by MATIC?
Polygon has its cryptocurrency known as MATIC, which is used for staking on the Polygon network, paying fees on the Polygon network, and for governance purposes (which means that MATIC holders get to vote on changes to Polygon). In addition, Coinbase and other exchanges make purchasing and selling MATIC possible.
During an early phase of Polygon's development, the company was known by the moniker MATIC. After first debuting as Matic Network in October 2017, the creators changed the name of the platform to Polygon in the early part of 2021.
Polygon vs Ethereum: Who is doing better in the market?
Despite this, Polygon's performance throughout this quarter has been better than Ethereum's. According to Polygon Daily, the scaling solution completed around twice as many transactions on average as Ethereum did during this quarter.
In addition, the network reportedly achieved a new benchmark for Polygon-based NFTs, as stated by the Twitter feed for Polygon news known as Polygon Daily. According to this tweet, the monthly sales volume of NFTs on Polygon achieved an all-time high of $100 million in August.
Since February 2022, when the company had its last greatest performance, this is the first time Polygon has been able to break beyond the $50 million resistance barrier. OpenSea, the biggest NFT exchange, has just made it possible for users to list native tokens on Polygon and buy them using those tokens.
Where does the market stand now?
Having said that, Polygon released a statement on September 5 stating that they have welcomed Senken to their team. Senken is a marketplace for tokenized carbon credits that operates on the blockchain and enables users to purchase, sell, and retire tokenized carbon credits. These are produced via on-chain carbon infrastructure and services built using Polygon's platform.
Where does MATIC intend to go?
After falling from its peak of $1 in August, MATIC was trading at $0.89 at the time of this publication. According to CoinMarketCap, the governance token used by Polygon saw gains of over 2% in the previous day, adding to the 5.2% increase it had had in the previous week. This puts Polygon in an excellent position to gain from the Merge since the increased scalability that Ethereum will experience as a result of the Merge will also be favorable to Polygon. Polygon's expansion, on the other hand, faces significant challenges from the development of L2 scaling solutions like Arbitrum and Optimism. There is a lot of speculation going around that these two procedures will be in the driver's seat when the L2 season rolls around again.
