The Wolf Den by Gray Wolf Labs and Polygon Labs have teamed up to integrate Gray Wolf projects, including their upcoming metaverse experience, with Polygon. This collaboration allows the The Wolf Pup Collection by The Wolf Den and the projects published by and partnered with Gray Wolf Labs to utilize their superior technology and collaborate with the tens of thousands of dApps in the Polygon ecosystem.
Gray Wolf Labs is following the Guard FDN to Polygon as they are all heavily focused on “bridging the gap” – making web3 more accessible and safer to the masses. We believe this collaboration will bring in a tremendous amount of new participants to the Gray Wolf world, the Guard FDN, its partners, Polygon and Web3. The Wolf Den, the first project published by Gray Wolf Labs said “Polygon has been by far the most accessible of the networks we were considering for expansion. The people at Polygon Labs have been responsive, open to collaboration and making connections to grow our projects.
The Polygon protocol is also the most useful for what we are trying to accomplish with our target market. We’re glad to have Guard integrated so we can build our Wolf Den World in that environment. We are in the process of moving many of our partners over with us. The integration with Polygon and exceptional support by Polygon Labs will allow us to publish more guard-powered projects at a greater scale” Long term, Gray Wolf Labs expects to bring droves of new users and hundreds of Guard powered projects to Polygon.
About Polygon Labs:
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3.
Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols.
Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding unique addresses exceeding 211 million, over 1.12 million smart contracts created and 2.36 billion total transactions processed since inception.
The existing Polygon network is home for some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading Web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for dApps you develop, get started here.
The Chief Executive Officer of Gaming at Microsoft and Head of Xbox, Phil Spencer, has voiced some concerns about the concept of the metaverse as well as the way in which it is being implemented. Spencer made the observation that, in his opinion, the present state of the metaverse is comparable to “a badly developed video game,” but he also noted that the industry is still in its infancy and would most likely continue to develop.
Phil Spencer Speaks Against the Metaverse of Today
Despite the fact that the concept of “the metaverse,” which still lacks a clear definition, has been embraced by a number of businesses in an effort to gain the competitive advantage that comes with being industry pioneers, other influential figures have voiced their disapproval of the current market. During the WSJ Live Convention, Phil Spencer, who is in charge of Xbox at Microsoft, criticized the current metaverse technology by pointing out that it is not yet polished.
Spencer, when speaking on the Metaverse at the WSJ Tech Live Conference, referred to it as “a badly made video game.” He also compared the platform to a living room, which is a place where he would not want to spend his time. In addition to this, he acknowledges that it is still in its infant stage and is optimistic that it will develop.
The graphical quality of Meta’s main metaverse application, Horizon Worlds, has been called into question on many occasions, leading many people to view this comment as an oblique strike at the company. After making his initial comments, Spencer commented on them by saying, “Video game developers have a great ability to make compelling worlds that we want to go spend time in; developing a metaverse that’s like a living room is not how I want to spend my time.” Spencer was referring to the fact that people desire to spend time in captivating worlds created by video game creators.
Despite this, Spencer does not dismiss the possibility of the metaverse just yet. The CEO feels that the business is still in its infancy, and that in the future, the metaverse will develop into something similar to the video games that are available now.
Previous Criticism from Spencer Regarding the Metaverse
Spencer’s cynicism about the excitement that has recently surrounded the idea of the metaverse is not new, since this is not the first time he has expressed it. In August, Spencer provided an explanation in which he said that in his opinion, the metaverse was nothing new and that it had been in development for more than 30 years; he also mentioned that 3D games were a component of this technology. In addition to this, he said that play-to-earn (P2E) models were an example of “a hammer hunting for a nail.”
In a similar manner, Spencer does not approve of the NFT (non-fungible token) game concept. He deems it to be exploitative and claims that it is full of “speculation and experimentation.” Microsoft announced in January that it would be purchasing Activision Blizzard for a total price of $68.7 billion. The company said that it believed gaming will “play a significant role in the development of metaverse platforms.”
Final Thoughts
Bitcoin.com News has recently stated that Microsoft was working on integrating other technologies such as Microsoft Cloud with metaverse apps, in order to act as the artificial intelligence and analytical layer for a variety of different applications. However, the head of Xbox isn’t the only one who has been critical of the metaverse. Several giant firms such as Apple, Snapchat, Disney, and others have also taken a jab at the metaverse.
Greg Joswiak, Apple’s senior vice president of global marketing, said that the phrase “metaverse” is one that he would never use. Evan Spiegel, the CEO of Snapchat, has compared the experience of using the metaverse to “living inside a computer.” Evan claims that “living inside a computer” is the very last thing he would want to do when he finally got back to his house after a long day at work.
Bitcoin, which is known for its volatility, has only lost 18% or more in a single day ten times in the past ten years and twice in the past five.
As of the right moment, the Nasdaq and S&P 500 have more 20-day volatility than Bitcoin, according to analysis from data provider Kaiko. Over the past year, META has underperformed in both BTC and ETH.
Large tech stock losses, which often happen after Wall Street closure, do not translate into a drop in the price of bitcoin.
In a study report published on Thursday, Kaiko reported that “Bitcoin’s market share of trading volume touched its greatest level in more than two years.” Since April, Bitcoin dominance has grown significantly, suggesting that after the collapse of Terra’s ecosystem and the wave of high-profile bankruptcies over the summer, sentiment has shifted primarily to the downside.
The future for equities is becoming more and more uncertain due to disappointing profits, a pending central bank decision, and a turbulent macroeconomic environment.
However, BTC/USD prevented a domino effect. Economic data for Q3, 2022, showed significant losses for some tech stocks.
Hodlers of bitcoin ignore the Q3 tech findings.
After reaching its greatest levels in six weeks, the largest cryptocurrency lost over $800 on October 27, or 3.8%.
As of the publication of this article, Bitcoin was still trading at roughly $20,200, exhibiting more consolidative trading behavior than a significant decline.
However, this was not the case for IT stocks, which were driven by a spectacular 20% decline in Amazon during after-hours trading as a result of failed earnings projections. At almost $230 billion, Amazon’s market cap secured the largest post-close decrease in history.
The CEO Andy Jassy said in the company’s third-quarter results release, “A lot is occurring in the macroeconomic climate, and we’ll balance our investments to be more streamlined without jeopardizing our important long-term and strategic commitments.”
Although a sign of the unsettling state of flux that digital titans around the world have been experiencing this year, Amazon’s comedown notably failed to inspire copycat actions on cryptocurrency exchanges.
However, the same is true for similarly upsetting outcomes from Meta, whose stock price dropped under $100 this week and returned to levels from 2015.
The end of 2021, according to economist, trader, and entrepreneur Alex Krueger, was characterized by sharp price reductions that coincided with Netflix’s subpar performance.
The 20% of slump that followed Netflix’s earnings in January caused $BTC and $ETH to drop 20% and 30%, respectively. On October 28, he tweeted: “Today Amazon’s results and its subsequent 20% drop pushed $BTC down 2% and $ETH down 3%.”
“Weak hands are mostly gone,” with its current stock price of $300, Netflix is down 50% year-to-date, and according to statistics from Cointelegraph Markets Pro and TradingView, BTC/USD is down another 6%.
Continuity of Correlation
The finding contributes to a burgeoning narrative about Bitcoin’s relationship with conventional markets.
The clear-cut lockstep movements between BTC and equities over the last week have not been present, with the latter having to play catch-up as stocks cooled. Bitcoin’s increasing resemblance to gold is currently receiving more attention, as Cointelegraph has reported.
Overall, though, it’s still premature to declare a long-term trend change in association with, say, the S&P 500.
Although it’s too soon to tell if this trend will persist, it’s important to keep an eye on it, according to Mario Nawfal, the founder of Blockchain consulting company IBC Group.
Conclusion
This article expresses just the author’s ideas and opinions, not necessarily those of Cointelegraph.com. Every investment and trading action entails risk, so you should research your options before choosing.
Combination of fashion industry and metaverse seems quite interesting, right? Well, in this post, you are going to know about a project that has introduced designer NFTs, real-world wearable and talented new artists into the Metaverse. So, make sure to read till the very end.
About MIRL:
The Made-In-Real-Life (MIRL) Club project is the first decentralized fashion brand born into the Metaverse. One after many other industries, the fashion industry has also followed suit into the world of blockchain. Rather than just building a community, MIRL also focuses on using the blockchain to distribute their products. The MIRL Club Project hopes to capture the integrity of what fashion should look like in the wonderful world of Web3. Moreover, when it comes to the NFT industry, fashion is an art that has been overlooked by the current market.
The traditional fashion industry faces multiple issues such as fast fashion wastage, exploitation of emerging designers, unprovable scarcity and the continuous debate regarding the role of fashion in helping people to fit in, or stand out. While NFTs have solidified their place in the Metaverse, they have yet to find a place in our physical world. In response to these issues, MIRL is set to support, empower, and curate aspiring new designers in the Metaverse and to provide NFT owners with the opportunity to showcase their art both digitally and physically all while providing solutions to help manage the systematic issues within the current fashion industry model.
MIRL Incubator and e-store:
As mentioned before, MIRL is trying to support emerging creatives and designers. The MIRL Incubator supports aspiring artists with both intellectual and financial resources to create their art in the Metaverse. Creators are evaluated and invited to join the MIRL ecosystem. Selected creators may be given the opportunity to work with established brands and scholarships are also granted to the selected artists worth up to $50,000 USD.
The MIRL e-store, on the other hand, is an open for all e-store that has some really amazing items to offer. There are some exclusive features for MIRL NFT / $MIRL tokens holders e.g redeeming or acquiring unique NFTs/Physical apparel, special entitlements, discounted rates, etc. This store is one of the pillars powered by $MIRL token, generating revenue for MIRL DAO and its participants.
MIRL DAO:
The MIRL Decentralized Autonomous Organizations (DAO) acts as the governing body for future business directions. Despite being a common term in the blockchain industry, DAOs are relatively novel within the creative industry. DAOs are inherently transparent as they allow for the MIRL project to be community driven and shifts voting power for passing proposals into the hands of the public. Contrasting with exploitations from Web 2.0 entities, DAOs enables creators to become part-owners of the brand; benefiting more from their work while allowing them to partake in the decision-making of the organization.
$MIRL Token:
With a total supply of 1,000,000,000, the $MIRL token is the preferred mode of payment within the MIRL ecosystem. Aside from simply being used as a form of payment $MIRL token holders are also given exclusive privileges within the MIRL ecosystem, such as DAO participation, Wear-to-earn store access, exclusive events, access to private collections, airdrops, and more! Essentially, $MIRL tokens reward holders with gifts and generates additional revenue – all just by holding the token.
The native cryptographically-secure fungible protocol token is designed to be used solely as the interoperable utility token thereon to build and power a robust ecosystem.
The combination of fashion industry and metaverse looks really fascinating to us. What do you guys think about it?
If you are interested in exploring more about the project, make sure to check out their socials given below.
P2E gaming is taking the world by storm; we often see new projects pop up; however few manage to get it right so we’re going to take a deep dive into one that certainly does and gives the ability to earn a good amount while playing. It is UFO gaming.
UFO Gaming:
UFO Gaming is a pioneering gaming company founded by a team of gaming and crypto enthusiasts with years of experience in these fields and who are passionate about taking the gaming industry to the next level by unleashing the tremendous potential of blockchain upon it.
The richly designed games available at UFO Gaming have unique in-game assets that players can actually own. The decentralized Dark Metaverse empowers players and entitles them to in-game revenue. Alongside their talented team of in-house designers, developers, and specialists, UFO Gaming is partnering with some of the world’s best gaming studios to execute a truly state-of-the-art yet accessible experience for gamers around the world.
UFO eSports:
UFO Gaming has gained a robust eSports presence; by acquiring its own eSports team, hosting large scale tournaments, sponsoring streamers and partnering with other eSports companies, UFO has become a known brand within the eSports industry and plans on scaling further in order to capture a larger viewership and customer base. The debut game of UFO Gaming is “Super Galactic” that features an NFT Marketplace, play-to-earn model, breeding, and scarce, playable NFTs.
$UFO Token:
As the initial interaction barrier, you’ll require $UFO. $UFO is the primary token in the ecosystem. It will be the connector between everything $UFO. For example, to play the first game in the ecosystem, Super Galactic, you will first need to stake UFO or UFO/ETH LP in their staking dApp. The token is 100% Community owned, 50% Added to Uniswap, 50% Burnt forever, 51,515,151,515,515 is the total supply.
Staking $UFO Tokens:
You can also stake your UFO tokens means that you place them in a smart contract that in turn generates Plasma Points and UFO rewards for you. These Plasma Points can then be used to mint NFTs. Stake UFO Tokens or UFO-ETH LP to earn Plasma Points and UFO rewards. With Plasma Points, you can mint rare NFTs called Genesis UFOeps. There will only be a LIMITED number of these available. To know more about these you can just click here.
Whoever has the biggest stake gets the most UFO or Plasma for each block. Lock your stake for longer and it will count as a bigger share. You receive your share depending on your pool weight (your stake vs. the total amount staked), how long you lock it, and which pool you choose. It depends on those three factors: -Pool chosen -Your amount staked vs. total amount staked The $UFO single-stake pool holds 25% of the pool, while the UFO-ETH LP pool holds 75% of the total pool. A user can choose flexible or locked staking. Flexible staking allows you to withdraw your stake at any time. However, if a user chooses locked staking, they will earn up to 2x more Plasma Points and UFO rewards.
How to get started?
Well the start of earning through the amazing P2E platform is quite simple. To get into the UFO Gaming ecosystem, you must first acquire $UFO, the primary token in the ecosystem. It will be the connector between all things $UFO. For instance, to play the first game, Super Galactic, you must first stake UFO or UFO/ETH LP in the staking dApp.
