Monat: Januar 2022

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Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117%

Avaxtars (AVXT) price is currently skyrocketing. It has jumped by about 117% today hitting a daily high of $25.68.

Currently, AVXT is trading at $14.65, with a 24-hour trading volume of $3.03million. Its market cap is $2.7million, with a circulating supply of 156.8K AVXT.

Avaxtars

Avaxtars is a play-to-earn Metaverse game built on Avalanche’s C-Chain and AVXT is its native currency that was launched in October 2021.

The Avaxtars built on NFTs have every component of the game tokenized and live on the Avalanche blockchain. On the Avalanche mainnet, every Avaxter is digitally generated and recorded as a unique ERC-721NFT.

The game has features like a personal Avaxter Generation Machine (PAGM) to analyze the Digital Genetic code (DGC) of Gen1 and create new Gen2 Avaxters. This process is called Avaxtar farming that enables users to earn AVXT tokens and new Avaxters. 

For the users to start playing, they must purchase the Avaxtar from the marketplace where Gen1 and Gen2 Avaxtars are affordable between $5 and $15.

This affordability makes Avaxtars an awesome project for the new users in cryptocurrency, NFTs, and Metaverse.

Currently, users can check for the beta version of Avaxtars by connecting with a compatible wallet like MetaMask. The project is among the few that lived up to its promises at launch and became one of the most reputable Metaverse crypto coins in the market.

The game also features three different tokens that are ENXT, AVXT, and DGC. ENXT is made by providing liquidity to AVXT-AVAX pools on a decentralized exchange, AVXT that is earned by in-game mechanics, and DGC which is generated by PAGM processes.

Why is Avaxtars price rallying?

Avaxtars announced today about their partnership with the first social network on Avalanche, Kaira Network, where users can connect their Avaxtar NFTs to the network platform to create content and earn Kaira tokens as they socialize.

Although the partnership pushed for the bullish momentum of the project, the main reason for the recent price hike is the availability of an actual working product with a working growing ecosystem.

The post Here is why today’s biggest gainer in crypto metaverse coins, Avaxtars price surged 117% appeared first on Coin Journal.

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Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022

  • Wood says blockchain technology is one of five trends alongside DNA sequencing, energy storage, AI and Robotics

  • She says DeFI and NFTs were huge in 2021 and could continue on the same trajectory this year.

ARK Invest founder and chief executive officer Cathie Wood says that blockchain technology is one of the five key trends her investment fund is watching in 2022.

The celebrity investor, whose bets on Bitcoin and Tesla made for huge returns, believes two trends in the blockchain tech space likely to continue to see massive investor interest are decentralised finance (DeFi) and non-fungible tokens (NFTs).

Wood was speaking to TIME magazine.

Blockchain remains a ‘big trend’ in 2022

Asked about what trends Ark Invest was watching this year, Wood pointed to “five innovation platforms.” According to her, these are areas around which the fund has extensive research and which have been shown to be “scaling exponentially.”

She says that DNA sequencing is one innovation that will transform healthcare, while another closely watched platform is Robotics, “especially adaptive robotics, she added.

Energy storage is another big trend the investment fund is keen on in 2022, with the Ark Invest CEO giving the nod to electric vehicles over gas-powered ones. Tesla has led in this category, with other automakers like Rivian, GM, and Ford also seeing significant demand in 2021.

Investment opportunities in the Artificial Intelligence space are also big on the fund’s books, as is blockchain technology.

Wood told TIME that decentralised finance and non-fungible tokens are likely to continue being huge for investors. She believes one of the trends in 2022 will be DeFi taking over a large part of the market share currently dominated by traditional financial.

Last year, an estimated $44 billion worth of NFTs were sold, while the DeFi sector saw over $240 billion in total value locked (TVL). Per data from DeFi Llama, the TVL currently stands at $235.88 billion, with 9.87% of that locked in the Curve Finance protocol.

The post Cathie Wood says DeFi and NFTs among “big trends” to watch in 2022 appeared first on Coin Journal.