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NFT

NFT-New Zealand Green Farm NFT

NFT

Welcome to Lazyfarm NFT!

Lazyfarm NFT is a collection of cute and unique Ethereum-based NFT collections. Lazyfarm’s first NFT project, Archie & Jo, consists of 10k NFTs, each one with a distinct feature. Lazyfarm’s characters have solid and endless stories. In addition, we plan to maximize the usability of NFT through active gamification and production of NFT-based merchandise. Discover the limitless allure of Lazyfarm NFT and join the Lazyfarm community today!

What is Lazyfarm?

Lazyfarm is a farm in virtual reality where cute and lovely characters live together. Unlike the standardized and exploitative farms in the real world, all the characters in Lazyfarm live a peaceful life with their own unique identity. Characters who have experienced a centralized and arbitrary past have created a decentralized community against it. On these equal farms, the Lazy Fam are self-sufficient by working cooperatively with each other. Join us now to create a more peaceful farm!

An Ongoing Project

NFT
  • Lazyfarm is a collection of lovable characters that exist in the Metaverse.
  • A range of unique characters will follow after the initial, Archie & Jo.
  • We plan to expand Lazyfarm’s ecosystem with various character designers.
  • Operate an ongoing NFT project for the community.

Decentralized community-centric

  • All Lazy Fam members will be treated as equals.
  • The community of Lazyfarm is of the highest importance.
  • We plan to build a DAO using our own token for the community to contribute their ideas. Projects will have transparency and will reflect the feedback of the community.

Games in the Metaverse/Virtual Reality

  • The Lazyfarm NFTs are utilizable characters within virtual reality.
  • We plan to develop an open-source game for the NFTs.
  • We plan to build Lazyfarm on established Metaverse platforms such as The Sandbox, Decentraland, My Neighbor Alice, etc.
  • The games will be based on the Lazyfarm lore for an enjoyable story-driven experience.

NFT-based products

  • The Lazyfarm characters will appear as real-world products.
  • The products will include but are not limited to stickers, calendars, apparel, and figures.
  • We aim to approach and educate people unfamiliar with Crypto through Lazyfarms characters.

Story and IP

  • Each character in Lazyfarm has a unique story.
  • With these characters, we plan to make products such as emojis, webtoons, picture books, etc.

Environmental and animal protection

  • Lazyfarm is at the forefront of environmental and animal protection.
  • We will inform people about the importance of the environment and animal rights through various stories and content.
  • A portion of Lazyfarm NFT’s revenue will be donated to environmental and animal protection organizations.
  • U.TOWN：https://u.town/en
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NFT

NFT How to identify toxic NFT gaming projects

The GameFi industry started back in 2013, and since then, the sphere has been slowly developing, but in 2021 the popularity of decentralized games exploded along with the boom in nonfungible tokens (NFT). According to the DappRadar analytical service, the total value of one of the most popular blockchain-based games, Axie Infinity, exceeds $550 million.

NFT

When choosing a GameFi project, it is worth considering the marketing and technological component: How actively the project is promoted, and what benefits the project’s token bestows upon its participants.

However, one needs to be wary about pie-in-the-sky promises from GameFi token projects, as scams abound within the space.

One of the biggest GameFi scandals was in the fall of 2021 when the Squid cryptocurrency based on the Squid Game show collapsed to almost zero after rising to $2,800.

NFT-How do NFTs fit into gaming?

The smart contract is associated with the NFT. This sounds serious and professional; although, in reality, it is just a small piece of code. And this little piece of code can be anything, including a link that leads to a JPEG file stored on a central server. Indeed, the lion’s share of NFTs presently is just that.

A smart contract, which is used to “manipulate” an NFT object between games, is not a multifunctional tool. It doesn’t include a model, textures, description, sound, animation, etc. so that an item or character can be easily transferred from one title to another. Thus, for the integration between two games to work, these games must be built, run and maintained through a single infrastructure or gaming engine. Such integrations currently don’t exist in the gaming industry.

Furthermore, an NFT game can work only if it has a large pool of users with its own economy, where players can buy and sell in-game items in the form of NFTs. However, a lot of traditional games already have such economies.

How to spot a scam game?

The project’s team

Developers of professional projects always have accumulated experience. Their biographies can be easily found on the internet, with a track record of how successful their past ideas were.

However, there are many serious projects in GameFi that are launched by anonymous teams. Little information can be found about them because they are hidden behind nicknames or pseudonyms.

Reviews on professional platforms

When studying a project, one should never rely on advertising slogans. It is better to read reviews about them on independent professional platforms. The blockchain community quickly responds to the emergence of new projects. Within a few hours, any idea will be analyzed from all sides.

But scammers have adapted and figured out how to deceive users. Some teams shill projects by writing positive reviews about the company on third-party sites. They pre-register several hundreds of accounts on large forums under the guise of real users. When a command is given, they send the text prepared according to the training manual. So, investors can’t rely on reviews alone.

Projects on social networks

Be sure to look through the social networks of the project and pay attention to the number of people involved by their activity in chats and comments and the nature of the messages. There are no secret projects without users.

Smart contract

The easiest way to check the project’s smart contracts is to use such resources as Etherscan or BscScan. The block explorers will provide you with information about when the project was created, brought to the market, how many users it has, and how many tokens were issued. 

Future income of the project

Every project is created to make money, and it is important to understand where the added value will come from. A person shouldn’t invest until they understand the source of a project’s profit.

Network marketing 

There are many GameFi projects that are built on a multilevel marketing (MLM) system. This is similar to classic network marketing, which isn’t a scam in and of itself. A large number of good projects have used MLM to attract new users, but if the project has no source of income other than network marketing, then it is likely a scam. In addition to MLM, there must be value-added mechanisms. Real projects can’t unreasonably promise users huge percentages of profits.

Although the NFT gaming market is indeed overvalued, NFTs as an investment have yet to reach their potential. NFTs need to be understood more broadly rather than believing they are mere items you receive after countless hours of grinding. The negative bias toward NFT games among skeptics was formed precisely against the backdrop of volatile trading in assets with no clear use case.

NFTs can and should have intrinsic value. In order for the NFT market to mature, a strong link to real assets and services is needed.

U.TOWN：https://u.town/en

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比特幣

Bitcoin and Ethereum Struggle to Recover Losses, Altcoins Turn Red

Bitcoin
  • Bitcoin price failed to recover above USD 22,000.
  • Ethereum is struggling below USD 1,250, XRP is facing resistance near USD 0.325.
  • HNT trimmed gains but is still the best performer today.

Bitcoin price stayed above the USD 21,200 support zone, formed a base, and started a recovery wave above the USD 21,800 level. But it failed to continue higher and is currently (04:07 UTC) trading near USD 23,360 again. BTC is down 5% in a day and 31% in a week.

Similarly, most major altcoins are struggling to start a recovery wave. ETH is facing resistance near USD 1,220 and USD 1,250. XRP is consolidating near USD 0.32. ADA failed to clear the USD 0.50 resistance zone.

Total market capitalization

Bitcoin

Bitcoin price

After finding bids near USD 21,000, bitcoin price started a minor upside correction. BTC moved above the USD 21,800 and USD 22,000 levels. However, the bulls struggled to push the price above the USD 22,500 level and BTC dropped below USD 21,400 again.

An initial support is near the USD 21,200 level. The next major support is near the USD 20,800 zone, below which the price could test the USD 20,000 support. 

Ethereum price

Ethereum price also found support near the USD 1,100 zone. ETH started an upside correction above the USD 1,165 level. It even attempted a move above the USD 1,200 level but also failed. ETH is now trading near USD 1,160 and is down 1% in a day and 35% in a week.

An initial support is near the USD 1,120 level. The next major support is near USD 1,080, below which the price might accelerate towards USD 1,000. 

ADA, BNB, SOL, DOGE, and XRP price

Cardano (ADA) started a stronger increase above the USD 0.48 resistance. The price even spiked above the USD 0.50 level, but it failed to surpass the USD 0.52 resistance level and dropped below USD 0.47.

BNB recovered above the USD 220 and USD 225 levels. However, the bears were active near USD 230. The price is now consolidating near USD 215, with a decent support at USD 212.

Solana (SOL) gained pace above the USD 28 level. It even broke the USD 30 resistance, but faced sellers near the USD 32 level. It is back below USD 30, with a key support at USD 28.

DOGE broke the USD 0.0550 support level and moved to USD 0.053. On the upside, the bears were active near the USD 0.058 level. 

XRP price moved above the USD 0.312 resistance but failed near the USD 0.325 level and is now testing USD 0.31. 

Other altcoins market today

After trimming gains, a few altcoins are still up at least 2%, including DOT, LINK, HNT, GT, AMP, KUSAMA, and KLAY. Out of these, HNT gained 17% and surpassed the USD 9.5 level before correcting lower again. It’s still the best performer among the top 100 cryptoassets by market capitalization today. HNT is down 9% in a week.

Overall, bitcoin price failed to recover above USD 22,000 and might test the USD 21,000 level soon.

U.TOWN：https://u.town/en

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質押

DEFI-WHERE IS CAKE DEFI HEADING?

DEFI

DEFI-Decentralized finance is taking the world by storm as the digital asset industry evolves with new and reliable products for savings and investments within the crypto ecosystem.

 A CENTRALIZED PLATFORM FOR DEFI APPS AND SERVICES

DEFI

DeFi taking over the world of finance or operating in parallel with TradFi in the years to come?

This very much depends on where DeFiis headed. If DeFi becomes regulated, then it has a good chance to break out of its current niche. DeFialso isn’t for the everyday investor, especially one that is not crypto-savvy.  This is also where Cake DeFi comes in – we offer a centralized platform for anyone to access DeFiapplications and services. In the long run, if those two obstacles to mass adoption can be overcome then DeFihas the potential to be a disruptive force to the legacy financial system.

For those who don’t know, what is the difference between lending, freezer, liquidity mining, and staking, and what is most popular among investors?

Cake DeFi gives you three options to generate cash flow and a passive income: Lending, Staking and Liquidity Mining. Lending is the act of lending your cryptocurrencies in exchange for a guaranteed return of up to 7%. Our most popular product is Staking  as it is relatively low risk, offers competitive returns, with low barriers to entry and understanding. Staking validates transactions on a PoS blockchain and customers get rewards in return. Cake DeFi operates fully transparent masternode pools that enables and allows to currently earn staking yields of around 30% to 40% that gets paid out twice a day (every 12 hours). Liquidity Mining is the process of providing liquidity to a liquidity pool to facilitate trades on a Decentralized Exchange (DEX). Users have to provide a pair of cryptocurrencies in order to reap Liquidity Mining rewards, which are directly distributed by the blockchain

How much has the business grown?

Cake DeFi has, at last count, over 600,000 customers in 191 countries. This is over ten times the number of customers we had at the beginning of 2021. In 2021, we paid out US$230M in rewards to our customers. In 2021 Q4 alone, we paid out U$74M. Cake DeFi only makes money when our customers make money, as we take a small fee from the rewards they earn. As a startup that is under 3 years, we are very strong financially – we are cash flow positive and have a financial runway of at least 4 years. 

Cake DeFi launched a $100 million corporate venture arm. How did it come about and how can startups apply?

In order to grow and innovate, we have to leverage and engage with external technologies and startups. In the long run, this leads to the disruptive products Cake DeFi is known for. We have therefore decided to commit US$100M for the next two years to invest in and work with startups in new areas of disruption.

U.TOWN：https://u.town/en

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區塊鏈遊戲

GameFi: Is This Another Crypto Investor Boondoggle Or What?

GameFi

GameFi

yet another investable sector in the crypto universe. Is it for real? Yes. Yes, it is.Since the fall of the ICO market around 2017, and a roughly two-year pause in the crypto hype, the cryptocurrency investing world had a back-to-the-drawing board moment. Developers and tech entrepreneurs created new sectors to get investors interested. If the ICO market is dead, and if the cryptocurrency market was ever going to be more than Bitcoin
BTCand few blockchain platforms like Ethereum, a whole new menu of risk assets had to be created. Decentralized finance and yield farming was one. The new blockchain protocols are another.And over the last couple of years

It’s not just for gamers

of course. The investable universe would be too small if only gamers were involved. But there are enough blockchain games out there and supporting projects in the non-fungible token space that give investors a new place to gamble those U.S. dollar coins in their Coinbase account.GameFi is not an investor boondoggle anymore than cannabis ETFs, or venture capital funds. Some projects will be failures, no different than any new company.This is a real market, with billions at play, designed primarily around the massive rise of blockchain-based video games in the new Web 3.0 universe (or simply Web3), where developers can go in and create their own worlds. They make money that way. If you’re new here, they call it play-to-earn.GameFi’s market cap is over $11.6 billion, with daily trading volume of around $2 billion, though this number is in fast decline due to the general sell-off in the market.

This is GameFi in a nutshell.

Imagine this: you’re playing Minecraft. You can create your own world and characters inside Minecraft through a creator’s engine. You sell them. This is GameFi in a nutshell.The game matters. “I should feel compelled and hooked to come back to the game because I enjoy playing it. It shouldn’t be only because I can earn tokens,” says Arunkumar Krishnakumar Chief Growth Officer at Bullieverse in London. They have their own creator’s engine for serious gamers who want to build their own worlds within the Bullieverse game can monetize what they’ve created.“As a gaming platform, an immersive experience allows gamers to be more invested in the game. As they feel more invested, they tend to promote the game and become ambassadors of the game,” he says. “This has definitely been our case.”There are about 3 billion online gamers across the world with Asia taking 55% of that market. By 2024 the mobile gaming industry is expected to generate $116 billion from gamers spending online.There are 2.5 billion online gamers in the traditional Web 2.0 world compared to only around 5 million estimated to be in the Web3 world. Due to the developer and consumer incentive mechanisms that Web3 offers, the gamer base for Web3 is seen rising fast. Web3 games are still behind the games we are all used to on X Box in terms of gaming experience, but that will change and if GameFi is part of that, then therein lies the growth story.

Silks is an online horse racing metaverse

GameFi

“GameFi at a high level is the convergence of videogaming, gambling and investing into a new form of entertainment,” says Dan Nissanoff, co-founder, and CEO of Silks in Florida. Silks is an online horse racing metaverse, GameFi style. “We are building a derivative play-to-earn metaverse that mirrors the real world of thoroughbred horseracing. Our vision is to deliver the exact economic experience of owning a racehorse in real life…only in the metaverse. When your horse wins a $100 grand prize purse in real life, the owner of that horse NFT wins the same.”