November 18, 2021

While BTC and ETH Descend, the Gaming Bull Run Continues

Nov 18, 2021

Introduction

As has been the likeliest short-term outcome, Bitcoin and Ethereum are continuing to move lower, proving once again that corrections rarely end when everyone is buying the dip and optimism still prevails. It is much more likely that we will get a reversal once sentiment really shifts to the bearish side.

Ninja @Ninjascalp

2 days in this range feels like two months welcome to crypto $BTC

Willy Woo @woonomic

I think I’ll call this one “buying the dip”

With BTC and ETH showing so much weakness, it is remarkable that one sector within the crypto market doesn’t feel like participating in the broader “bear market sentiment”: Gaming and metaverse projects. Apart from a few exceptions, we only see gaming-related projects doing well today…

Terra, the L1 for Gaming?

With the rise of gaming and metaverse projects in recent months, several chains have positioned themselves as “gaming blockchains” – BSC, Polygon, Immutable X, and Solana to name the most prominent ones. Now, we see L1 powerhouse Terra enter the ring as well… Probably nothing.

Do Kwon 🌖 @stablekwon

1/ Summoner’s War (50M+ downloads on Android alone) and other blockbuster IP by public gaming company Gameville is coming to @terra_money

Do Kwon 🌖 @stablekwon

2/ Play to earn is an inflection point in gaming history, and @terra_money provides unique infrastructure for players to earn in stablecoins pegged to their national currencies for global games

The Battle for the Metaverse Is on

After Facebook’s massive metaverse announcements, we have – fortunately – seen a lot of resistance form to the idea of a centralized, Facebook-controlled metaverse. The fight for a decentralized metaverse will be one of the defining moments of the next few years. Don't forget to take your stand early!

Aave’s Institutional DeFi Platform Is Launching

After many months of building, DeFi blue-chip Aave is finally ready to release its institutional borrowing and lending platform. While not everyone in the DeFi community is fond of Aave’s compromises on centralization and regulatory measures (including KYC), this release certainly marks a significant turning point in DeFi’s evolution from a purely idealistic space for tech-nerds, to a more mainstream-suitable product offering.
While Aave certainly takes on additional regulatory risks with this move by opening up new “attack vectors”, Aave’s is pursuing its goal to attract the huge amounts of institutional capital sitting on the sidelines, waiting to jump into the crypto markets.
Will this step mark the beginning of a new round of fulminant growth for Aave or will regulators try to restrain the DeFi behemoth’s push into the financial markets? Time will tell.

stani.eth (👻,🐻‍❄️) 👘 🪰🔺 @StaniKulechov

Aave Arc institutional market is here 👻 Governance vote to add @FireblocksHQ as first whitelister to add institutional users into the market. Upon a positive outcome the market is live 🔥

Aave @AaveAave

1/DeFi represents a powerful wave of innovation that has so far been inaccessible to traditional financial institutions. Today that changes! A thread 👇👇👇

Aave @AaveAave

3/ Aave Arc is a permissioned market based on the Aave V2 market. In the spirit of innovation and experimentation, Aave Arc creates a web3-native experience for financial institutions to harness the power of DeFi in a permissioned sandbox environment 🚀

DeFi Dad ⟠ defidad.eth ≡🦇🔈 (📜,📜) @DeFi_Dad

Very promising development by @AaveAave to introduce more of TradFi to DeFi. My inner cypherpunk wants to say “let TradFi burn” but my pragmatic self says “we gotta be open to building bridges.” https://t.co/qKMx1kuhR9

Aave @AaveAave

2/The Aave community is introducing the first Aave Arc Market and @FireblocksHQ as the proposed first whitelister! https://t.co/89GdOV41QZ

The path for DeFi going forward strongly depends on the actions by politicians and regulators in the months and years ahead. It’s certainly going to be a bumpy ride with setbacks and progress.