Sami Rusani

Sony has filed a patent for a new ‘Super-Fungible Token’ (SFT) that could alter how gamers own and trade in-game assets. Two basic questions: ⁉️ What’s an SFT? Basically, it would allow gamers to own a bundle of NFTs (in-game assets). ⁉️ Why SFTs? Good question—since it’s such early days, it isn’t entirely clear how it could be used, but it seems to simplify owning, purchasing and selling of NFTs as you can bundle multiple into one SFT. To me, it seems to be a bet by Sony that NFTs will be a big part of future gaming and they’re preparing the way for them to be more functional.

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👟 STEPN launched on December 1st 2021 with 99,999 NFT trainers. Each cost 1.3 SOL (Sol was trading at $228 dollars that day). In March 2022, they launched their governance token, GMT. The following month GMT was worth $4 and Stepn had a $3 billion market cap. If I’m reading the charts correctly, at one point 24-hour trading surpassed $4 billion. Someone sold a Stepn NFT for 58 Sol. Pretty darn extraordinary. Move-to-earn was a thing. You probably remember it. Of course there were many imitators to the Stepn throne. You could sleep, eat, meditate and (insert verb here)… to earn. The Stepn concept - if not the tech - was simple: you won GST (Green Satoshi Tokens, not GMT) based on how far you ran, jumped, hopped, swam, crawled. I'll be honest, I stopped paying attention at that point. But here’s the thing. Where most died, Stepn survived. Yes, It took a hit. The floor price is 0.01 Sol. GMT is trading at $0.2. But the market cap is still half a billion. A community has stuck with them. Or a new one joined. Stepn has matured. It's a lifestyle app. A social platform. Where people want to get healthy (and wealthy?) Strava meets couch-to-5k meets friend.tech. Last week it announced a partnership with Adidas. And I'm curious to know more. Which is great news, because Stepn CEO Shiti Rastogi Manghani will be speaking to Jeremy Gilbertson and me on Thinking On Paper Podcast & Book Club this Thursday. 16.00 GMT. Link in comments. #web3 #nfts #health  

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Only 6 web3 gaming exits in 2023-2024... but 20+ acquisition targets are still waiting. 👀 web3 gaming M&A has been remarkably quiet despite the investment hype during the bull. I would have expected more buzz than a sluggish 6 acquisitions (with only 2 actually fully disclosing price). Meanwhile, a growing list of 20+ web3 gaming companies are positioned as M&A targets, from infrastructure plays like Atomic Hub to content studios like Mindark. Which leads me to ask:  Are strategic buyers still uncertain about web3 gaming monetization? Is the valuation gap between the so-called “web2” and web3 gaming companies too wide? Are we simply early in the maturity curve for web3 gaming M&A? My take:  This is more of a slow burn than a missed opportunity. web3 gaming still needs to prove sustainable player engagement and revenue models before we see widespread M&A. But when that inflection point comes, expect the current list of targets to attract serious buyer interest. Curious to read your thoughts on this: are web3 gaming exits progressing too slowly, or is patience the right strategy here? 🤔 #gaming #web3 #acquisitions #mergers #exits #founders

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WTF 😳 is DePin and why is it one of the biggest trends in blockchain technology right now? Depin is the smart contract utility everyone was screaming for back in 2021/22. Depin stands for decentralised physical infrastructure and allows everyday people to contribute to a network by providing resources via a device that facilitates a service. According to the Messari report, in January 2024 there were only 650 Depin projects which makes this vertical super early. Despite its infancy, Depin Market cap currently stands at $23.4B and could reach $3 trillion by 2028. The popularity is driven by each projects user base, which creates a global ecosystem of nodes who are dedicated to reach consensus and rewarded in crypto service for providing a seemless service. If you want to learn more about web3, makes sure you follow the #WTFCrypto blog on YouTube and medium. Interested in investing in Depin? 🤙 HMU to get your exclusive invite to the next web3 demo day. #venturecapital #vc #depin #emergingtech #seedcapital #RWA #founder #web3founder #techfounder #blockchain #smartcomtracts #web3demoday #ai #angelinvestor #angelinvesting #cryptonews #cryptocurrencynews #bitcoin

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𝗣𝗿𝗼𝘃𝗲𝗿𝗯𝘀 𝟮𝟮:𝟭𝟲-𝟭𝟳: “𝘖𝘯𝘦 𝘸𝘩𝘰 𝘰𝘱𝘱𝘳𝘦𝘴𝘴𝘦𝘴 𝘵𝘩𝘦 𝘱𝘰𝘰𝘳 𝘵𝘰 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘩𝘪𝘴 𝘸𝘦𝘢𝘭𝘵𝘩 𝘢𝘯𝘥 𝘰𝘯𝘦 𝘸𝘩𝘰 𝘨𝘪𝘷𝘦𝘴 𝘨𝘪𝘧𝘵𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘳𝘪𝘤𝘩–𝘣𝘰𝘵𝘩 𝘤𝘰𝘮𝘦 𝘵𝘰 𝘱𝘰𝘷𝘦𝘳𝘵𝘺.” The LayerZero airdrop has sparked intense debate within the crypto community. It might all blow over, the airdrop influencers on Twitter might not get their way… but then again, LayerZero might never recover. Such are the stakes of the current airdrop meta. If you missed Part 1 on the LayerZero airdrop, read this - https://lnkd.in/eP_VgW3F And now, if you’re sitting comfortably… In the beginning, a sybil was defined as, ‘any individual using hundreds, maybe thousands, of addresses to gobble up tokens for the sole purpose of dumping them immediately.’ Clear, concise. If you had a wallet and wielded it with intent, avoided the scammers and the den of thieves and made legitimate transactions, you were not a sybil. However, for their airdrop, LayerZero had a different definition. More nuanced, more frightening. See their Medium post: 🪂 If you are a single entity with tens, hundreds, or thousands of addresses participating in industrial farming. 🪂 If you minted a “valueless” NFT for the sole purpose of moving it around chains. 🪂 If you have used popular “sybil farming” applications such as Merkly, L2Pass, L2Marathon. 🪂 If you bridged $0.01 back and forth across chains for the sake of having touched a chain. 🪂 If you think you are a sybil, you are most likely a sybil. Points 1 and 4 are legitimate and don’t need much commentary. Point 5 is too ambiguous to make sense. Points 2 and 3 are what caused the fireworks after the snapshot had been taken. Mainly because the popular ‘sybil farming’ application Merkly is on the damn LayerZero ecosystem page and almost everyone had used it. (https://lnkd.in/eRiz383Q). In fact, Merkly was the second most popular dapp in the LayerZero ecosystem - https://lnkd.in/eMq9EvXm As you can see, there's a lot of worthless NFTS floating around. But notice also there is no mention of Holograph or OmniX in their definition. Both LayerZero tools for moving valueless NFTs between chains. Favouritism? Vested interest? Either way, it’s not very ‘permissionless.’ Anxiety ridden airdrop farmers with 984 transactions over 684 days ago (including Aptos FFS), but had used Merkly, now found themselves ineligible for the airdrop. Voted 37 times on Stargate? Pushed $100K in volume? Nope. If you had used Merkly to move worthless NFTs around, or refill gas on strange ghost chains, you were now Ineligible for the airdrop. And then the penguins made it worse. As penguins are want to do... -------------------------------------------------- Sorry, having too much fun writing this. Continued in comments.

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In a single month, the mobile version of Dungeon & Fighter made more than top Supercell games make in a year. Tencent market value went up by $91B - the biggest stock boost in China of 2024. Dungeon & Fighter, with lifetime revenues of over $22B, is one of the highest-grossing franchises of all time. SensorTower recently clocked the first month iOS revenue for DnF Mobile at $270M. Niko Partners estimated the grand total, including Android, to be $500M and speculation in the China press has been closer to $700M. Not the biggest launch of all time if we include hit premium titles like GTA and Hogwarts Legacy but, I believe it is the biggest mobile launch to date. Tentpole launches at this scale on any platform are rare in free-to-play versus premium where promotion and sales are concentrated into the debut weeks. But this is Tencent, expertly wielding a monster IP in its home market where the company enjoys a host of unique distribution advantages. By any measure though, it is damned impressive and continues to underline the dynamism of games as an asset class and energize our digital entertainment thesis at Transcend.

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All of this happened in crypto this week 👇 1️⃣ Andre Cronje showcases new DeFi primitives. "Andre Cronje, founder of Sonic (formerly Fantom), has introduced groundbreaking DeFi primitive: the on-chain credit score, which could redefine the future of DeFi. Cronje also teases 4 unreleased DeFi primitives." 2️⃣ State Street and Galaxy launch crypto ETFs. "State Street Global Advisors and Galaxy Digital have partnered to launch three new actively managed ETFs offering exposure to both blockchain companies and crypto tokens through futures and other ETFs." 3️⃣ Grayscale launches new XRP closed-end fund. "The firm had previously launched an XRP fund and then shut it down in 2021 after the SEC asserted the token was a security." 4️⃣ Treasure DAO seeks migration from Arbitrum to ZKsync. "Treasure DAO members will vote on a proposal that would approve migrating the web3 gaming ecosystem from Arbitrum to ZKsync." 5️⃣ New bill proposes joint SEC-CFTC committee to shape US crypto regulations. "Rose said the purpose of the committee would be for the SEC and CFTC to give advice on their rules and regulations related to crypto." 6️⃣ Donald Trump announces the launch date of World Liberty Financial. "The former president said his crypto project will launch on Sept. 16 during a live video stream." 7️⃣ Ethereum stablecoin volume hits record $1.46 trillion. "Stablecoin volumes have more than doubled from $650 billion at the start of the year." 8️⃣ SEC's crypto fines surpass $7.4B after Terraform penalty. "The Securities and Exchange Commission has fined the crypto industry $7.4 billion since 2013, according to a study published by Social Capital Markets." 9️⃣ CFTC appeals ruling that blocked its attempt to halt Kalshi’s election contracts. "CFTC swiftly appeals judge’s decision allowing Kalshi’s election contracts to proceed. Judge rules CFTC overstepped by blocking Kalshi’s congressional election contracts." 🔟 Swift to test solutions interlinking fiat with various tokenized assets. "Global financial messaging network Swift said it is building real-world solutions to interlink fiat currencies with different forms of tokenized assets as a part of its vision to offer its users access to existing and emerging asset types." --- #ETFs #DeFi #stablecoin 👨‍⚕️🧪 Read my free newsletter for the next best web3 products, strategies, and trends. Join 17,000+ web3 builders and investors at: https://launchy.app/

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One of the biggest lessons to learn about crypto adoption over the last decade is the primary driver is bottom-up, not top-down. Contrast the headline below with one from the day before: "Stablecoin Issuers Now 18th Largest Holder of U.S. Debt." Real world assets are already being tokenized as scale, but the demand is coming from crypto-native individuals and organizations that are looking for new ways to hedge risk and bring new capital into the crypto market. Once these market opportunities mature, Wall Street follows (see: Bitcoin ETFs). If you're forming your own crypto strategy, pay attention to where crypto natives are going. https://lnkd.in/gjdAM6gr

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Starting this week TrueFans will be focusing on making payments easier. Today we started on a simple way to transfer SATs from an existing Alby Wallet into a TrueFans wallet. This is vital before Alby close all custodial wallets on 4th Jan. We are also adding two new Activitystreams.  A 'Discover' Activitystream of all user activity. e.g play, comment etc.  You can already see this Activitystream working on https://truefans.social but we want to make this visible inside the TrueFans.fm app. The other Activitystream will be called 'For You' which is only people you follow in TrueFans. This is already available in your Activity Profile but we want to make it more visible/obvious from the homepage. We also plan to add a merch store to all podcast pages early next year. In addition we will offer creators the option to have a personalised branded url to mask their TrueFans url.  For example https://lnkd.in/ebnwq_Xr might become https://podnewsweekly.news  If we manage to achieve all of this, it will be full circle for me. RSS was originally created by my ex-boss Mike Homer at Netscape as a way to aggregate structured data from around the web into a Netscape Web Portal. i.e news, weather, sports etc. TrueFans would be creating a Podcast Portal page for each creator, with episodes, blogs, podrolls, events, ticketing etc. by using the RSS feed which contains all the structured information.  #TrueFans #2025 #PodcastPortal

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1/10 How are #alts doing in 2024 so far? 🤔 Let's break it down! #crypto #bitcoin 2/10 Big players are still growing: #BTC +30.7% #ETH +28.7% #SOL +27.2% Not bad for half a year! 📈💪 #cryptocurrency 3/10 But some sectors are hurting... 😬 L2 / modular stuff: -55.4% #ATOM: -48.3% #TIA: -59% #DYM: -78% #ARB: -60.4% #STRK: -74.6% Ouch! 🤕 #cryptomarket 4/10 Cosmos world feeling the pain too: #OSMO: -71.8% #DYDX: -60.5% That's a tough hit for the ecosystem 🌌💔 #cosmos 5/10 AI and Depin not looking great either: #TAO: -19.8% #WLD: -48.1% #FIL: -49.8% AI hype cooling off? 🤖❄️ #cryptoAI 6/10 Remember, these numbers are if you bought on Jan 1. Many jumped in at higher prices... 😅 #cryptoinvesting 7/10 It's a rollercoaster out there! Some alts are soaring while others are diving. Diversity is key! 🎢 #investmentstrategy 8/10 Big lesson: Don't put all your eggs in one basket. Mix it up with different coins and sectors. 🥚🧺 #diversification 9/10 Keep an eye on market trends, but don't panic sell. Crypto is known for its ups and downs. 📊🎢 #HODLgang 10/10 What's your take on the alt market so far this year? Drop a comment below! 👇 #cryptodiscussion

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Today, RockTree Capital Unveils Cyberpunk Crypto Future in a New Website. Immerse yourself and join us in shaping the next chapter of Web3 innovation 👀 Share, like or comment Media Release [Hackernoon] https://lnkd.in/e9W8EPFv If sharing on X: https://lnkd.in/eHpirZHx The website’s cutting-edge interactive cityscape represents RockTree's vision where #Web3 has become pervasive, fusing #technology, #finance, and #culture. Set in the future near the 11th halving of bitcoin https://lnkd.in/eGMwUJ_5 RockTree invests in and accelerates the trajectory of projects from Infrastructure, DeFi, Cross-chain, and the Bitcoin Ecosystem. Operating at the nexus of the East & West with a crypto native team that bridges the human, cultural, capital and media gap across these markets. #technology #crypto #innovation

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A 316-year-old Stradivarius violin, previously owned by Russian Empress Catherine the Great, has entered the digital age as a Non-Fungible Token (NFT), thanks to Galaxy Digital Holdings LP. Purchased for over $9 million by entrepreneur Yat Siu, the violin and its NFT are collateral for a multimillion-dollar loan. This pioneering tokenization enhances liquidity and merges physical art with digital possibilities, potentially allowing fractional ownership. Siu, with deep roots in both technology and classical music, celebrates this innovation as a blend of his passions, preserving a significant historical artifact while pioneering new asset management models. Read more from Classic FM here => https://neoswap.cc/lu5 #NFT #StradivariusViolin #DigitalInnovation #ArtTokenization

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We are in a golden era of token design. More from a16z crypto regarding the opportunity ahead of us in #web3 tokens: “The good news is that there is now a pathway for constructive engagement with regulatory agencies and legislation that can bring regulatory clarity. You should now all feel empowered to explore all of the groundbreaking products and services that blockchains enable, including tokens. While we’ll likely have greater flexibility to experiment, we can’t forget that the fundamental regulatory principles applicable to blockchain systems remain unchanged. This means that “where there is trust, there is regulation” still applies. So, you should continue to focus on removing centralized aspects or dependencies on trust within your projects, as these are the areas that continue to attract regulatory scrutiny.” https://lnkd.in/eNshXMeP

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On the way for the most happening #crypto event every year TOKEN2049 Looking forward to meet old friends and make some new while talking business and presenting Xield Protocol to the amazing #web3 degens If you there, just give me a heads-up and we can meet! Talking #crypto #xield #depin #gamefi and #investments P.S: Some cool map (as shown) explored in the flight. Can you guess which #airline this is?? No not giving any token airdrop for the right guess but yes can give some exclusive Xield referral codes that can help you earn early tokens 😂🤪 #blockchain #btc #eth

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VEUR and VCHF on TradingView 🌟 Have you heard that VEUR and VCHF stablecoins are now available on TradingView? 🌟 🔗 TradingView serves as the primary terminal and a trusted source of information for crypto traders. You can now seamlessly access VNX Euro (VEUR) and VNX Swiss Franc (VCHF) markets on Bitstamp directly through TradingView. 💡 VEUR and VCHF are stablecoins generated by VNX, referencing the two most popular European fiat currencies. They provide stability and convenience for the trading needs. 🚀 Dive deeper into VEUR and VCHF on TradingView via Bitstamp integration! Visit https://lnkd.in/gMXQ6sn for more information.

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