A fresh report from PwC about crypto hedge funds.

Main ideas:
- AuM at Crypto Hedge Funds and Digital Asset acceptance among Traditional Hedge Funds continued to grow during 2021 with the former yielding healthy returns and maturing trading strategies familiar to the latter;
- Individual funds have grown by an average of 150% in 2021 (US$23.4m to US$58.6m);
- 41.6% of crypto hedge funds utilised DeFi platforms to enhance yield through farming, and/or borrowing and lending of assets, while 78% of crypto hedge funds have invested into the DeFi sector;
- Traditional fund strategies are evolving with a decline in a passive approach from 29% to 10% this year and an expansion across the spectrum of digital asset types with funds entering the NFT markets, Decentralized Exchange (DEX) listed tokens and other tokens beyond BTC and ETH

Mobile Market Forecast from Sensor Tower
2022-2026

Key findings:
- Global spending in mobile apps will reach $233 billion by 2026 (+12% CAGR);
- The top three countries (USA, China, Japan) will remain well above the competition, combining for $113 billion and 70 percent of global consumer spending in 2026;
- The mobile app market cooled off slightly following the unusually high pandemic-fueled growth seen in early 2020;
- Worldwide mobile app downloads will surpass 180 billion by 2026;
- App Store consumer spending in non-games will surpass that from mobile games by 2024;
- As a result of the high revenue growth outside of games, mobile gaming’s share of iOS revenue is expected to drop from 61 percent in 2021 to 43 percent in 2026

Hi! We made a review of the Tales of Eleria, GameFi project. If you have competitors that you would like to analyze, please write to us, we will help

Tales of Eleria
talesofelleria.com

Tales of Elleria is a role-playing game where players can summon heroes, take on assignments, go on quests.

Team
Mostly anonymous: founders @Smashe__
and @crwy__, whole team of 7 people

Community:
10 937 in Discord
23 300 on Twitter
1900 owners of NFT (according to Trove)

Economics:
Elleria has several tokens and NFTs that work together to create our Elleria's ecosystem.
- Heroes - NFT (base characters with progression system)
- Equipment - NFT (character progression)
- Drops/Relics - NFT (crafting/boosts/consumables/resources)
- $ELLERIUM (ELM) - Main Token
- $MEDALS (MEDALS) - Supplementary Token

Ellerium ($ELM) — is used to summon heroes for questing. It is also used to upgrade heroes and create better equipment or relics within the game, allowing for player progression to unlock more content in Elleria.
MEDALS ($MEDALS) — are a currency used for daily transactions. Almost all in-game actions, such as strengthening heroes, repairing equipment, and preparing for quests require $MEDALS.

Liquidity
Elleria offers different Staking options for passive rewards without requiring the users to own NFTs. Some staking pools are integrated into the world and offer the player advantages.

TreasureDAO will help Tales of Elleria bootstrap the project with capital in its initial stages. Tales of Elleria’s native tokens ($MEDALS & $ELM) will be paired with $MAGIC in the primary liquidity pool. The Liquidity pool seeded by TreasureDAO will also be launching on Treasure’s AMM (if and when one is developed).
Some activity appeared only in the last 10 days, before that there were no full-fledged activities

Tokenomics looks traditional for p2e games, with typical disadvantages for such a model. Over the past 90 days, the internal token has been growing (according to data from Trove), but at the same time the game is just starting, and it is unclear how volatile it will be in the future (it seems that much, since there are not enough tools to maintain liquidity).

#GameFi #NFT

The Beacon Game
Website | Twitter | Discord

A F2P action roguelite RPG

The game was released on November 25 (prototype version)

Some numbers:
DAUs (unique wallets who played either the tavern and/or dungeon):
Nov 25: 2,208
Dec 01: 21,082

Social media audience: 47,488 participants in Discord, 59,260 followers on Twitter

The total volume of the game at the current moment is 345.8 ETH (according to Treasure)

At the moment, 23.2k people own NFT (Link)
At the same time, the collection of items has only 5 thousand owners. (Link)

Gameplay:
In The Beacon's Settlement Launch, players are invited to explore the procedurally generated world of The Beacon and complete daily dungeons and quizzes in the tavern. The quiz is different every day and provides players with insight into the game's lore and daily missions. Players can answer the quiz multiple times to receive a loot chest containing items of varying rarity, ranging from common to mythical. These items can be used to customize characters and homes, or sold on the marketplace. The game also offers additional missions and challenges, such as speedrunning and completing extra stages within the dungeon, which can reward players with better loot. The procedurally generated nature of the game ensures that each dungeon is unique and offers new challenges to players.

A few details affecting the growth of the game's audience:
1) The Beacon's SettlementCup, of which two have already been held in recent months, are working well to promote among the audience.
2) They are also helped by the Treasure DAO ecosystem, which attracted new users in October- December and noted the explosive growth of weekly active users.
3) Also, a number of reviews mention game mechanics that give interesting gameplay (for the level of GameFi projects). At the same time, bugs that happen when the game starts are also noted.

#GameFi #NFT

Trends of NFT Market in November

- The total market cap of the NFT sector decreased 6.3% from $590.9B to $553.1B.
- Across all measures, activity in the NFT industry has declined. The total volume of NFT transactions went from 297.5B to 242.4B.
- While the number of NFT holders jumped from 16.7M at the end of October to 21.6M at the end of November, buyers and sellers remained steady.
- The buyer-to-seller ratio increased in November, reaching a high of 0.94 (91 buyers for every 100 sellers). The last time there were more buyers than sellers was in June, when there were 487,064 buyers and 485,095 sellers.
- Volume across NFT marketplaces declined by 26% MoM.
- The number of funding rounds in the NFT category increased from 9 to 11, whereas the number of rounds in the blockchain space overall declined by 8.4% MoM (from 71 to 65)
- Almost all rounds in November were relatively small seed rounds—all were under $10M
- Two of November’s largest rounds, including the largest, went to NFT marketplace projects. Joepegs an NFT marketplace on the Avalanche blockchain, raised $5M million led by FTX Ventures—money the project founders claim has been transferred out of FTX since the collapse—and the Avalanche Foundation. Courtyard closed the month’s largest round of $7M and hopes to let people monetize their real-life collectibles by turning them into digital assets.
- Meta’s Instagram Plans NFT Minting, Trading Tools. Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be "subject to applicable app store fees." (source)
- OpenSea launches on-chain tool to enforce NFT royalties (source)
- NFT Investor Animoca Brands to Start $2B Metaverse Fund (source)
- MetaMask rolls out NFT portfolio value tracker with new partnership. Through a recent partnership with NFTBank, a new MetaMask wallet utility will allow users to track the value of their NFT collections (source)

#trends #november #intro #NFT

Trends of GameFi Market in November

- In November, despite the FTX collapse, blockchain gaming activity had an average of 800,875 daily unique active wallets.
- Wax keeps being the most dominant gaming protocol with over 340,000 average daily unique active wallets.
- Solana takes the biggest hit on its activity due to its proximity with FTX, and in November it decreased by 89.42% reaching an average of 2,326 daily unique active wallets; Star Atlas, Aurory, and TapFantasy have been the most affected.
- Blockchain games and metaverse projects raised $534 million; Fenix Games, a Web3 game publisher, announced $150 million in funding to acquire, invest, and distribute blockchain games.
- The total NFT-in-game trading volume in October and November has been $55 million; Gods Unchained leads the blockchain gaming space. The card game’s trading volume accounts for 64.25% of the market, reaching $21.6 and $13.45 million in the two months (source)
- PlayStation Might Be Exploring NFTs And Blockchain Technology (source)
- FIFA announces 4 new blockchain games following split with EA (source)
- A16z Leads $15M Round for Game Studio Roboto Games. The studio, which was founded by Web2 veterans, plans to add Web3 elements to its forthcoming survival/crafting MMO game (source)

#trends #november #GameFi

DeFi: key November headlines:

- Multiple exchanges and lenders suspended withdrawals following the turmoil surrounding FTX: crypto lenders Genesis (source), SALT (source), BlockFi (source), exchange AAX (source)
- Aave and Compound froze market and capped loans to mitigate risks after an attempted short squeeze that happened in November (source)
- Value locked in DeFi is at its lowest point since March 2021: TVL has dropped to $43 billion losing more than $22 billion in 36 days
- Solana saw more than $700M in value wiped out after FTX collapse: lending and borrowing platform Solend took the biggest hit both in percentage and value terms, losing $250 million (89%) of its value (source)
- Ether staking yields are at ATH: since the Merge the yields jumped up to 25% (source)
- Yahoo Finance released a new industry report: DeFi is expected to reach $125.1 billion by 2028, rising at 42.8% CAGR (source)
- JPMorgan executes first DeFi trade on a public blockchain: Polygon and modified Aave were used to issue a tokenized Singapore Dollar (TSD) deposit and trade it for the Japanese Yen (source)

#DeFi #November2022 #trends

Wallets: November headlines:

- Twitter may possibly be working on it own crypto wallet (source), while some sources claim that the work on crypto wallet was halted (source)
- As of November 2022, Reddit users opened 2.5 million crypto wallets following the launch of NFT marketplace (source)
- Trust Wallet token soared 47% in value after Binance CEO tweeted about the importance of self-custody and prompted users to use the Trust wallet. Other self-custody wallet provider tokens also rallied, including SafePal (SFP), which increased by 27% in value (source)
- Cold wallets moon after FTX collapse: Ledger saw its highest askes week in November, Trezor also reported a similar surge in demand (source)
- JPMorgan registered trademark for crypto wallet: “J.P. Morgan Wallet” will see the legacy bank offer crypto and bitcoin services to its existing pool of customers (source)
- Yahoo Finance released a new industry report: crypto wallet market size was valued at $6127.2 million in 2021 and is expected to expand at a CAGR of 30.78% reaching $30659.33 million by 2027 (source)

#wallets #November2022 #trends

Crypto Payments: November headlines:

- Binance CEO proposes Binance Pay for Twitter payments: Binance has plunged $500 million into Elon Musk’s takeover of social media platform Twitter, with a view to giving crypto a “seat at the table” (source)
- Dogecoin jumped 22% in a week amid Twitter payments speculation (source)
- Ramp Network, a U.K.-based startup offering payment infrastructure to connect crypto and traditional finance, raised $70M: the round was co-led by UAE wealth fund Mubadala Capital and Korelya Capital (source)
- Crypto payments with USDC are now available on Apple Pay: Circle, the issuer of the USDC stablecoin, added support for Apple Pay (AAPL) to help to boost the use of the coin by allowing crypto businesses to accept the payment method (source)
- Gate.io launches its crypto payment product Gate Pay (source)
- Revolut embraces crypto: Revolut launched a feature that lets customers make purchases using crypto on their Revolut card (source)

#paymentsolutions #November2022 #trends

Web3 Creator Economy: November headlines:

- Meta’s Instagram plans NFT minting: Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be "subject to applicable app store fees" (source)
- Former Meta and Pinterest executive joins Sequoia-backed Decentralized Social (DeSo) as COO to scale the business - DeSo is a new layer-1 blockchain built from the ground up to decentralize social media with a mission of reimagining the creator economy (source)
- Nike will let people design and sell sneakers for the metaverse, previously Nike created a metaverse called .Swoosh, a Web3-enabled platform where people will be able to buy its virtual products, which acts as a marketplace (source)
- Pearpop, a marketplace for social collaborations, raised $18M at a $300M valuation - Pearpop allows creators to buy collaborations with other creators or celebrities and currently has more than 200,000 users on the platform (source)

#creatoreconomy #November2022 #trends

Metaverse: November headlines:

- Meta is laying 11,000 employees or 13% of its workforce after its aggressive hiring during the pandemic to maintain its momentum on Metaverse, meanwhile Metaverse remains a fuzzy concept and MAU targets are not met - Meta had expected 500,000 active monthly users on its VR platform, Horizon Worlds (which is accessed by VR headsets), by the end of this year; but the current figure is fewer than 200,000 (source)
- Animoca Brands announces $2 billion Metaverse fund, the fund's focus "will be everything on digital property rights" (source)
- The tiny island nation of Tuvalu recently announced that it would be the first country to fully replicate itself as a virtual reproduction in the metaverse (source)
- Deloitte’s new report, titled “The Metaverse in Asia: Strategies for Accelerating Economic Impact,” examined the potential influence of the metaverse on 12 Asian economies: the metaverse’s contribution to gross domestic product in Asia could be between $800 billion and $1.4 trillion per year (1.3% to 2.4% of overall GDP) by 2035, according to Deloitte (source)
- Yahoo Finance releases a new industry report: the metaverse market size to grow by $677.98 billion between 2021 and 2026, however, the growth momentum is expected to decelerate at a CAGR of 33.26% (source)

#metaverse #November2022 #trends

Macroeconomic forecast for 2023

Citi: Share of tech in SP500 reached 25% (15% 20 years ago, 5% 30 years ago, 33% at the peak of the dotcom bubble), & health 14% (4% 40 years ago, 30% at the peak). 2002-2020 imports from Taiwan to the US of chips were $300B/year & after 2020 jumped to $700B/year (me: Taiwan is 2/3 of the world's chips, and 90% of the most advanced chips in the world are from Taiwan)

Goldman Sachs: The big question is can inflationary overheating be stopped without falling into a recession? We believe, unlike to consensus, that yes, & that a soft landing will work. The rate hike should slow down the economy/growth, thus unemployment will rise, and, finally, wage growth will slow down -> inflation will fall. In 2023, there will be not 0% (market consensus) growth of US GDP, but 1% (our calculations), since the effect of fiscal policy has already been 1.5 years old, its peak has already been passed. At the end of 2023, the SP500 will be 4000, in Sep 2021 it was 4500.

BlackRock: 40 years of stable economic activity and inflation are over, now is the time of volatility, the central bank is likely to go too far in curbing inflation and growth will suffer. In 2023 we will think about risky assets, but there will not be such stable bull markets as before. Stocks have NOT reflected damage to economies yet, so more frequent rebalances of portfolios are needed from now on

JPMorgan: In 2023, the global GDP growth rate will be 1.6%, developed countries 0.8%, USA 1.0%, EU 0.2%, China 4%, emerging markets 2.5%. In 2024, the US will slide into recession (which will hit the stock markets of emerging markets). In 2023 brent will be $90, WTI $83, gold $1860. The SP500 will test the lows of 2022 (3600) in H1’2023, but will grow to 4200 by the end of 2023. The Fed will cut the rate in Q4’23-Q1’24.

Morgan Stanley: 2022 could have been worse. A recession is unlikely with such a labor market. China is trying very hard, but in 2023 other EM’s will outperform them. In 2023, the earnings/stock market will collapse, but this will be mixed between industries. 5 mega tech stocks are responsible for 20% of SP500 & 20-30x annual profits (reached 300x in 2000), but they did only 22 M&A’s in 2022 (100 M&A/year in the 2010s).

Mercer: Growth dipped (post-COVID overheating), but did not break, inflation has been the same in EM’s & in DM’s for 2 years (4% in 21, 8% in 22), inflation succumbed in autumn, but will remain >2% targets of FED’s, rates will remain high. Geopolitics presses in EU & Taiwan + Iran risk + COVID in China can bring down growth (as the real estate market has already collapsed). The dollar has strengthened too much, consider other currencies

#macroecon #2023 #trends

Trends of NFT Market in December

- NFT sales have dipped leading up to Christmas for the second year in a row. NFT trading volume fell from over $24 million on Dec. 20 to $12.9 million on Dec. 25 of this year — a 46.5% decrease (source)
- Starbucks opens up its web3 loyalty program and NFT community to first beta testers (source)
- Mercedes-Benz Hints at Metaverse, NFT Plans in Trademark Filing (source)
- Activision Blizzard Inc’s departing president will take on the chief executive officer role at the blockchain startup behind the Bored Ape Yacht Club collection of non-fungible tokens (source)
- NFT 2022 Year-End Review by Forbes (source)
- Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms (source)
- Donald Trump NFTs sell out: a surprise end of year boost for the NFT marketplace came in December with Donald Trump's NFT Trading Cards selling out and raising over $5m.
- Mattel Launches NFT Marketplace With Hot Wheels Collection. The premiere drop features brands including McLaren and Aston Martin. The company hinted at future releases inspired by other iconic toy brands (source)
- Uniswap launches NFT marketplace aggregator — the tool can help users save upwards of 15% on gas fees when shopping for NFTs (source)
- NFT Marketplace Magic Eden Expands Support for Polygon-Based NFTs. The leading Solana NFT platform will welcome a new community of Web3 gaming developers and publishers on the Polygon network (source)

#trends #december #NFT

DeFi: December headlines

- Solana DeFi is down 98% from $10.17 Billion: the sharp decline has been majorly linked with the FTX demise as SBF, FTX’s former CEO, now termed the biggest fraudster in history, strongly backed Solana’s native token, SOL (source)
- Uniswap overtakes Solana and becomes 16th top crypto: market data shows that Uniswap’s market cap stands at $3.875 billion. It is 5.36% higher than solana’s current market cap of $3.678 billion (source)
- Solana DeFi exchange Raydium hacked for over $2 million (source)
- 6 quadrillion tokens were hacked on DeFi protocol Ankr, which is speculated to be an inside job (source)
- SushiSwap proposes 'immediate' action to support its treasury: SushiSwap is facing a significant deficit in its treasury that threatens its long-term operational viability, to address this, lead developer Jared Gray proposed setting Kanpai, a fee-diversion protocol, to 100% of fees diverted to the Treasury multisig for one year, or until new token distribution and reward schemes are implemented (source)
- T3rn raises $6.5 million for bridge-free multi-chain interoperability - t3rn is currently working on developing an expressive protocol for making generalizable function calls across multiple chains that will allow for the composition of multi-step transactions across several chains with a single call, which is not possible with bridges (source)
- DeFi protocol perennial launches, announces $12M in funding - Perennial is a decentralized-finance (DeFi) platform used to trade derivatives (source)

#DeFi #December2022 #trends