Monat: Juni 2022

Veröffentlicht am

Why buy Illuvium to diversify your metaverse portfolio

The metaverse and web3 are seen as the next frontiers of crypto innovation. In fact, in the last six months or so, some incredible metaverse projects have been coming out. So, if you are thinking of diversifying your portfolio of the metaverse and web3 projects, Illuvium could be a great choice. Here is why.

  • Illuvium is still a small project with so much potential

  • The project has attracted some of the leading crypto venture capital firms in the world.

  • Illuvium has announced major milestones in its proposed roadmap in recent weeks.

Data Source: TradingView

What makes Illuvium Unique

Illuvium is an immersive metaverse that allows users to earn by exploring an open virtual world. The metaverse also has a gaming aspect with tournaments and quests as well. So far, the project is still under development. But genesis NFTs have already been minted and besides, Illuvium recently opened sales for metaverse land.

Once the game is fully operational, users will be able to build virtual industrial plants to produce the energy needed to hunt and catch Illuvials. These are the most important collectibles in the game. Illuvium offers an exciting gameplay with immersive graphics. It has the potential to become a huge web3 project.

Should you buy Illuvium

There are many metaverse projects out there. But Illuvium is actually a very decent catch. First of all, it’s new. As noted above, the full game is not even ready yet. The plan is to launch it later this year. There is, therefore, so much value to unlock here.

The in-game mechanics and play-to-earn model for Illuvium also look sustainable. After all, Illuvium has added an array of dimensions into the metaverse that could be commercialized in the future.

Finally, we strongly believe that the project is undervalued. This is probably because the overall crypto market has slowed in recent weeks. But if you want to buy ILV, this would be a great time.

The post Why buy Illuvium to diversify your metaverse portfolio appeared first on CoinJournal.

Veröffentlicht am

Amazon stock split: What it means for DeFiChain’s dAMZN token

Amazon, and many other top stocks in the traditional market, have equivalent decentralized tokens that give investors price exposure to these real-world stocks. 

For AMZN, one such token is dAMZN that’s listed on DeFiChain. With a minted dAMZN, an investor can gain investment opportunities closely mirroring the Amazon stock, only that this DeFi token does not offer holder ownership in the company.

So, how does Amazon’s stock split affect the available dAMZN tokens? Should you be worried as an investor? Here’s what you might want to know, but first – the Amazon stock.

Amazon shares after 20-for-1 split

Shares of Amazon (AMZN) currently trade around $118.28, about 2.4% down as the stock market hits another downside amid concerns over economic slowdown.

The AMZN stock is down 4.8% over the past five days and more than 31% year-to-date, with the latest losses for the tech stock coming after Monday’s brief rally. That aside, if you have followed market events over the past few weeks, then you know that Amazon announced a 20-for-1 stock split in early March.

The split took place on 3 June 2022, with each shareholder receiving 20 shares for every AMZN share they held. Trading for the split-adjusted stock opened on Monday, and at current prices, relatively cheap and accessible to small investors.

What it means for DeFi tokens tracking AMZN

It’s notable that the crypto market continues to show a high correlation with the stock market, with the latter’s performance invariably influencing crypto. The mirroring also reflects in the DeFi tokens sector, and as such, the stock split does have an impact on dAMZN.

dAMZN was also split into 20 tokens, with holders receiving 20 tokens for every one of their dAMZN tokens. However, it does not mean that the holder’s investments will increase 20 times. Rather, the value of their holdings will remain the same as before the split.

What investors will see is a reflection of the current Amazon stock price, and with the split concluded smoothly, nothing much changes. 

Here’ what a DeFiChain developer Prasanna Loganathar said after the split.

The post Amazon stock split: What it means for DeFiChain’s dAMZN token appeared first on CoinJournal.