.png)
.png)
Elemon has introduced the testnet version of its native Non-fungible token (NFT) marketplace ahead of its mainnet launch. The new marketplace will allow users to trade NFTs (Elemons and equipment) anytime and anywhere.
The marketplace, according to Elemon’s Tweet on 7th October, would ensure that users' NFTs are enhanced. In essence, Elemons are NFTs in the game, and they are powered up when players trade equipment on the NFT marketplace.
“A market where Elemonians can trade equipment to increase the power of your #Elemons,” tweeted Elemon. “A market where Elemonians can trade Elemons with distinct types of Rarity & Element.”
The Elemon GameFi ecosystem has already witnessed some magnificent developments over the past couple of weeks. The NFT marketplace is another illustration of the protocol’s growth on Binance Smart Chain (BSC).
Elemon has experienced a huge turnaround in its GameFi ecosystem. The platform boasts several brilliant partnerships with big names like BSC station as its Media partner, along with Kiwi group, RADA community, and MG Trading. These strategic partnership deals from 27th September to 3rd October have placed the GameFi project on a solid foundation.
In addition, the protocol also recorded tremendous community growth after its successful tribute week. Elemon hosted an airdrop campaign from 24th September to 28th September, which sparked huge interest amongst BSC enthusiasts.
“After the successful tribute week, Elemon has also harvested & magnified our community with nearly 40,000 Twitter followers, approximately 35,000+ global members on Elemon Official Telegram, 63000+ subscribers on Elemon announcement channel & 10,000 steady average views for each post, 23000+ Facebook page followers, nearly 20,000 Facebook page likes, 6000+ Discord members,” Elemon wrote on 6th October in a weekly development report.
These numbers show that the new GameFi protocol is growing fast on BSC. The element of surprise, as we call it, is not stopping anytime soon. After the NFT marketplace launch, the GameFi protocol will also launch NFT farming, amongst others. In essence, Elemon is making huge progress in becoming a comprehensive ecosystem on BSC.
Elemon is a protocol built on BSC with many Play-to-Earn features. The protocol combines the most significant aspects of gaming and digital collectibles. Elemon’s mission is to build a comprehensive platform of digital monsters that will enable millions of individuals to participate in the NFT and blockchain-based gaming world in a simple, creative, and enjoyable way.
The native $ELMON token also has utility on the protocol. Users can use the token to farm and make payments in its NFT marketplace along with other tokens. Elemon will also add more use-cases for $ELMON in the future.
For more about Elemon:
.gif)
MetaMask has improved accesibility for Ledger users in its latest update. The update will roll out from next week, simplifying the proces by which Ledger users connect their hardware wallet to MetaMask.
At present Ledger users are required to open Ledger Live first, then connect their Ledger, then connect MetaMask to it. The sheer number of steps required to make the connection is prohibitive. Community feedback has now prompted MetaMask to streamline the process.
“Ledger users, we hear you,” said MetaMask in a tweet on October 26th. “We have a new improved Ledger support that should be starting to roll out next week. The new support will be entirely in-browser, and won't require Ledger Live installed to use.”
MetaMask went on to tease “extra good news” for hardware wallet users coming very soon.
MetaMask recently launched version 10.3.0 of its extension with a subtly altered login screen. The company is also working on an improved token detection algorithm that is resistant to airdrop scams.
ConsenSys is a leading Ethereum software company. It enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. The ConsenSys product suite is composed of Infura, Quorum, Codefi, MetaMask, Truffle and Diligence.
The Korean Teachers’ Credit Union (KTCU) issued a statement denying a report that it has shifted its investment strategy to allocate part of its capital into Bitcoin Exchange Traded Funds (ETFs). The article published by The Korea Economic Daily titled, ‘KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF’ got the entire crypto community abuzz with excitement.
The move is seen as a leap of faith because pension funds are often regarded as conventional investors that favor low-risk traditional products. If the rumor is true, it also signals a departure from the institution’s usual investment strategy.
In a statement released by KTCU and quoted in The Korea Herald, it says - The KTCU has never reviewed an investment in a bitcoin-related ETF, and will never have a plan to do so’
KTCU is a pension fund with $47 billion of Asset Under Management (AUM) raised eyebrows when the local daily published the report. KTCU is dedicated to promoting teachers’ welfare and financial benefits and investment by pension funds is the clearest sign that Bitcoin is now regarded by institutional investors as a mainstream asset.
Korea continues to rein in on the crypto ecosystem and the latest decision to proceed to tax crypto earnings of more than 2.5 million Korean won (approximately $2,105) affirms the government’s tough stance against the crypto industry. The Korean authority has recently shut down more than half of the crypto exchanges operating within its jurisdiction for failing to get the relevant approvals from the Financial Services Commission (FSC).
Given the general policy and regulatory sentiment in Korea, institutional investment decisions are unlikely to favor the crypto industry. Whilst in the US, institutions are taking bold steps ahead.
In a recent announcement, the Houston Firefighters' Relief and Retirement Fund has bought into Bitcoin and Ethereum. This is probably a result of the recent Bitcoin ETF’s approval by the SEC which is seen by observers as the regulator’s stamp of approval for the new asset class.
It would be ideal for traditional institutions such as pension funds to dip their toes into crypto-related investments. This is because pension funds are geared towards capital preservation rather than growth. If Bitcoin can provide this assurance, its narrative as a store of value is bolstered.
Mass institutional adoption for crypto assets may not take place at the pace that many enthusiasts would have wished. Cryptos as an asset class still suffers from volatility and once this massive price fluctuation decreases, it becomes a more viable alternative to other traditional assets.
Elemon's NFT marketplace is the start of significant upcoming developments on the NFT GameFi protocol.
Elemon has introduced the testnet version of its native Non-fungible token (NFT) marketplace ahead of its mainnet launch. The new marketplace will allow users to trade NFTs (Elemons and equipment) anytime and anywhere.
The marketplace, according to Elemon’s Tweet on 7th October, would ensure that users' NFTs are enhanced. In essence, Elemons are NFTs in the game, and they are powered up when players trade equipment on the NFT marketplace.
“A market where Elemonians can trade equipment to increase the power of your #Elemons,” tweeted Elemon. “A market where Elemonians can trade Elemons with distinct types of Rarity & Element.”
The Elemon GameFi ecosystem has already witnessed some magnificent developments over the past couple of weeks. The NFT marketplace is another illustration of the protocol’s growth on Binance Smart Chain (BSC).
Elemon has experienced a huge turnaround in its GameFi ecosystem. The platform boasts several brilliant partnerships with big names like BSC station as its Media partner, along with Kiwi group, RADA community, and MG Trading. These strategic partnership deals from 27th September to 3rd October have placed the GameFi project on a solid foundation.
In addition, the protocol also recorded tremendous community growth after its successful tribute week. Elemon hosted an airdrop campaign from 24th September to 28th September, which sparked huge interest amongst BSC enthusiasts.
“After the successful tribute week, Elemon has also harvested & magnified our community with nearly 40,000 Twitter followers, approximately 35,000+ global members on Elemon Official Telegram, 63000+ subscribers on Elemon announcement channel & 10,000 steady average views for each post, 23000+ Facebook page followers, nearly 20,000 Facebook page likes, 6000+ Discord members,” Elemon wrote on 6th October in a weekly development report.
These numbers show that the new GameFi protocol is growing fast on BSC. The element of surprise, as we call it, is not stopping anytime soon. After the NFT marketplace launch, the GameFi protocol will also launch NFT farming, amongst others. In essence, Elemon is making huge progress in becoming a comprehensive ecosystem on BSC.
Elemon is a protocol built on BSC with many Play-to-Earn features. The protocol combines the most significant aspects of gaming and digital collectibles. Elemon’s mission is to build a comprehensive platform of digital monsters that will enable millions of individuals to participate in the NFT and blockchain-based gaming world in a simple, creative, and enjoyable way.
The native $ELMON token also has utility on the protocol. Users can use the token to farm and make payments in its NFT marketplace along with other tokens. Elemon will also add more use-cases for $ELMON in the future.
For more about Elemon:
