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Illustration by Mitchell Preffer for Decrypt
This week, a gamified competition among cryptocurrency Twitter influencers led to enthusiastic posts and millions in profits as major public figures like Tom Brady and Donald Trump jumped back into the cryptocurrency market. created.
fantasy top—an Ethereum NFT game that pits social media fan bases against each other in fantasy soccer-like competitions—made waves this week as tribes of Crypto Twitter users furiously commented and reposted in support of their chosen influencers. The game has been paid $1.25 million This week, creators could be awarded millions more in Blast Gold as part of their game’s success.
Prevent bots and shorten the finals competition 🏁
To protect our fantasy participants and maintain a meritocratic environment, we have decided to work with our heroes to proactively block the surge in malicious activity and end the competition slightly ahead of schedule… pic.twitter.com/BKp0rYL6Io
When the first round of the game concluded this week, influencers emerged victorious with their followers. Several accounts shared their bounties with fans who pushed them to the top level.
Oh my god!😭I can’t believe I won! thank you @fantasy_top_ Team! ❤️ Keep up the great work. 💪💪💪🚀🚀🚀
Never fade the #1 Blast Dapp, which offers 50 ETH to each top 3 finisher in Main Tournament 1. pic.twitter.com/U1wfkAfETl
Most of the buzz surrounding Fantasy Top has been positive; profitabilityOthers were more skeptical, given the long history of “SocialFi” projects with no clear use case other than generating speculative interest. fallen After stalling.
Unpopular Opinion: Fantasy Tower is a very boring ‘game’ that only KOLs like because they can monetize their reach.
Meanwhile, in the real world, Tom Brady a rough joke Earlier this week, we spoke to Netflix about its current commitment to cryptocurrency and its previous relationship with the failed FTX exchange. Many cryptocurrency users still welcomed the brief mainstream moment in the spotlight as a sign that cryptocurrencies could still rise further.
The biggest mainstream news affecting cryptocurrency came on Wednesday. However, former President Donald Trump hosted the meeting. dinner party for NFT holders at the Mar-a-Lago resort in Florida.
At this meeting, Trump announced his intention to accept cryptocurrency in the United States if re-elected, which made many cryptocurrency users excited.
At the same event, another NFT holder asked Trump about BODEN, a meme coin mocking President Joe Biden. Simply put, by saying you don’t think the coin sounds like a good investment — BODEN rapidly increase next day.
Surprisingly, users of cryptocurrency betting site Polymarket have already paid nearly $100,000 on whether Trump will mention the coin by July. But read the fine print. Trump had to say the word ‘Boden’ but failed. Close and far.
For all its frivolity, Trump’s event stood in stark contrast to the president’s. Joe Biden endorsed the SEC earlier this week, and many commentators saw a serious election wedge issue unfolding. “The voices of cryptocurrency voters will be heard in this election.” hour and bloomberg tweeted tech journalist and MoonPay executive Keith Grossman. “What we really need is not division, but rather a clear regulatory framework that is not politicized.”
First of all, I am 100% biased. I love cryptocurrency.
And while cryptocurrencies may not be an issue for everyone in this election, they certainly are, and the constituency they attract is very real and larger than expected.
