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As the launch partner of the Ethereum Interoperability Gateway, Gala Games collaborates with Upland

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Gala is a market-leading Web3 entertainment brand that supports digital ownership and rewards using blockchain technology, offering a whole new approach to creating and watching entertainment. Gala’s mission, introduced in 2019 with the launch of Gala Games, unites Gala Games, Gala Music, Gala Film, and VOX with the goal of providing fans with distinctive and immersive experiences fueled by Web3. Gala also gives creative freedom to content producers and up-and-coming talent by providing them with a direct line to audiences and the opportunity to actively participate in new endeavors. By bringing popular IP titles like Trolls and Battlestar Galactica to the web3 world, Gala has a strong cooperation with NBCU.

Uplandme, Inc. It is an open 3 web platform for metaverse that is set for a real world company called Upland (https://upland.me/). The company’s goal is to create one of the most influential and vibrant manufacturing communities by developing a strong entrepreneurial economy that enables players, creators, developers and brands to produce goods and experiences, invest assets, and deliver value and fun to other players. Upland, a Silicon Valley-based company with hubs in Las Vegas, Ukraine, and Brazil, was named one of the “22 San Francisco Startups To Watch in 2022” and one of the “Next Big Things in Tech for 2021” via Built in SF. As a member Proud at Carbonfuture, Upland is dedicated to becoming carbon-neutral.Upland can be played from anywhere in the world and can be accessed on iOS, Android and the web.

Gala Games and Upland advance a mutual mission of interoperability and Open Metaverse with cross-platform experiences and asset portability

Gala, the leading provider of Web3 games and entertainment, announces a partnership with Uplandme, Inc. Upland’s efforts to create an open economy will continue with VOX, a subsidiary of Gala Games, as its first Ethereum partner in the platform’s Ethereum interoperability portal.

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The largest metaverse platform for city building and real estate trading, Upland encourages people to start their own businesses. The ERC-721 collectible NFTs will be integrated into the Upland ecosystem and the open economy through the relationship with VOX using the Upland NFT portal.

Upland’s Gala-Partnership lays the foundation for their shared goal of creating an open metaverse with asset interoperability. The core principle of Web3 is the concept of true ownership in the digital age. VOX and Upland ecosystems are enhanced, as well as true ownership, by enabling users to transfer their assets between platforms.

VOXverse, a futuristic metaverse developed in collaboration with Gala Games and SIMS founder, Will Wright, will house Upland’s headquarters. With the metaverse building, shops, and developer studios leading to experiences and games, VOX will also be in Upland.

Uplanders welcome the VOX community with a variety of fun activities, such as competitive city openings, treasure hunts, and (Alpha) car racing, as well as collaborative activities such as co-building sports grounds with exciting Upland partners such as FC Porto or NFLPA, and by creating nodes and neighborhoods Where like-minded people work towards common goals. Fans will be able to play VOX Odyssey, a pick-your-own-adventure text game, on Upland Discord while the VOXverse is still in development. VOX Odyssey users can take on missions and adventures with VOX while collecting materials. The unique Upland storylines will be part of the VOX-Upland collaboration and will be announced at launch.

Regarding the collaboration with Upland, James Olden, chief strategy officer at Gala, stated: “Upland’s success in the blockchain/metaverse gaming space has gone unnoticed, and it is exciting to connect our worlds and our communities in pursuit of our shared goal of interoperability. They are warmly welcomed into the VOXverse, and we can’t wait for VOX to start learning more about Upland. I’m so excited to see where this goes.”

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Upland Co-Founder and Co-CEO, Idan Zuckerman: “We have always believed that the success of the open metaverse will depend on our ability to collaborate closely with other platforms that share our goals in order to build interoperability. The Gala Games and Upland communities will collaborate to co-create and build on Both platforms, and we are excited to be working with VOXverse, which also shares that goal.”

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Why cryptocurrency prices rose more than 2% in 24 hours

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While there has always been a sense of fear among the majority of investors, it can undoubtedly be said that the blockchain industry presents opportunities every now and then. But even with the market’s high volatility, only a few were able to take advantage of the current moves. Despite all the recent developments, however encryption Prices have pumped over 2% over the past 24 hours.

But what exactly caused this sudden surge in prices after posting a decent downtrend over the past week? Well, since it’s the crypto market, a 2% pump might not be such a big deal. But this change now since recent months has been nothing but a bloodbath for most major projects in space. With some major tokens pumping at least to a certain extent, a wave of positivity could be seen in the industry again.

So far, there haven’t been any major developments in the field of crypto or on a global economic level. But some factors may have worked in favor of the blockchain space, causing prices to increase slightly. These factors caused the global cryptocurrency market to go from $800 billion to around $828 in just 24 hours.

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While the pump is quite small, it can be repurposed for two main reasons-

Upcoming or ongoing world events

Any events or celebrations that can evoke positive sentiment on a large scale have historically affected cryptocurrency prices positively. As of November, the excitement of Christmas or the New Year could be among the many factors that make investors invest in the market. It is common for prices to drop slightly on the day of celebrations when retail investors are supposed to withdraw money for shopping or similar activities. But they saw a spike a few days ago. This may be one of the reasons for the slight increase in prices.

However, the most obvious reason for the overall increase in interest in cryptocurrencies at that time is definitely the FIFA World Cup being held in Qatar. major companies in the field such as Crypto.com They are the sponsors of the event, which is watched by millions of people around the world. Of course, such a small move could have a potential domino effect and contribute to an increase in crypto prices.

Crypto

At present, the major cryptocurrencies are exchanged and Sports betting sites You can expect an increase in engagement. This is simply because the event could open doors for many people to learn about cryptocurrency, or simply invest in assets in anticipation of good returns after the World Cup.

The war between Russia and Ukraine, which has frequently grabbed headlines, appears to have shrunk dramatically. Although it may seem like a small change, it can have a significant impact on the mindset of investors and thus act as a catalyst for the growth in cryptocurrency prices.

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FTX Fiasco is in the past

These celebrities are being sued after FTX collapsed
The entire industry was shaken by the announcement of FTX, the third largest cryptocurrency exchange at the time. With over a million active users, FTX has catered to investors all over the world. But earlier in November, several revelations were made about the financial condition of the stock exchange. Immediately after that, investors started withdrawing their money from the stock exchange and selling simultaneously FTT, which was the original token for the exchange. This caused the stock market to lose most of its value.

The revelation of such a widespread delusion had immediate consequences. The prices of all cryptocurrencies were affected. BTC, which was trading in the $20,000 range, fell to the $16,000 level. Even projects or companies that were previously affiliated with FTX have seen a decline in value.

While this could certainly have a long-term effect on the market, the news circulating regarding FTX has dropped significantly. Although the exchange is mentioned now and then, it seems to have slipped somewhat. This has also been a positive for the industry, as the fear of losing money to CEXs is starting to fade.

Are there any good options to watch out for?

At every point of the market, new projects with innovative products are constantly being launched. Getting into such ventures early can mean huge profits even during a bear market. Below are three of these projects Pre-sale stage and can be great options for investors to deposit their money in.

Dash 2 Trading

Dash 2 Trading

This is a crypto analytics platform and social trading platform that is set to revolutionize cryptocurrency trading and knowledge for retail investors globally. It was created by a popular financial education platform called Learn 2 Trade, which boasts a current user base of over 70,000 members. File preview D2T The token has been fairly strong, with the project managing to raise over $6.9 million even with such harsh conditions in the industry.

IMPT.io

IMPT.io can rightly be called a revolutionary cryptocurrency project. It was created by a group of experienced professionals and aims to offset the carbon footprint left by participants in the blockchain industry.

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IMPT

It is basically a market with which it is easy to buy goods IMPT Code where users will be rewarded in carbon credits. These carbon credits can then be withdrawn or sold by investors. The IMPT token has also been in high demand, with the pre-sale already raising $13 million. This is very likely to be one of the biggest gainers in the coming months.

Calvaria

As a newly introduced P2E NFT trading card game, Calvaria It has the potential to rise in value exponentially after launch. It has one of the most attractive ecosystems and is being built in conjunction with current market trends. original code Ria It is currently selling at a fast pace with more than $1.9 million raised of its $2.1 million target.

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With such a strong project and huge community backing its moves, Calvaria is also a project worth keeping in one’s portfolio for huge potential gains.

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Aave proposes governance changes after a failed $60 million short-term attack

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On November 23, one day after Mango Markets scalper Avraham Eisenberg attempted to use a A series of sophisticated short sales To exploit the Aave decentralized finance protocol, the contributors to the project have Foot A series of proposals to deal with the repercussions of this. As told by protocol architecture developer Llama and financial modeling platform Gauntlet, both of which are popularized on Aave:

Over the past week, user 0x57e04786e231af3343562c062e0d058f25dace9e [wallet associated with Eisenberg] Open a short position on CRV [Curve] Using USDC as collateral. At its peak, the user was selling 92 million units of CRV (about $60 million in today’s prices). An attempt to sell CRV on Aave was unsuccessful, and the user lost about $10 million in liquidations.”

The user was liquidated, Lama writes, but at a cost of $1.6 million in bad debt, likely due to the slip. “This excess debt is only isolated to the off-the-shelf vehicle market,” the company wrote. “While this is a small amount relative to Aave’s total debt, and within the limits of Aave’s safety unit, it is best practice to recapitalize the system to fully make the CRV market.”

Going forward, Llama’s proposal calls for the Gauntlet’s bankruptcy fund and Aave Treasury to settle the bad debts in full. Another separate proposal made by Gauntlet calls for it Temporary freeze List of token markets (including CRV) on Aave V2. The day before, Eisenberg had tried to create a liquidity crunch on Aave by selling large amounts of CRV, which was illiquid on the platform, and forcing smart contracts to buy back positions at a loss due to very large slippage (above 90%). However, the trade failed when the Eisenberg liquidated with slippage levels much lower than expected.

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