The new crypto compass is here. From the coin of the month, Avalanche, to play-to-earn gaming on the blockchain and the question of how much crypto can be found in the darknet – that’s it.
Coin of the month: Avalanche (AVAX) – The avalanche is rolling
Ethereum’s inviolable status as the largest hub for smart contracts and the associated claim to the throne on the DeFi market is beginning to crumble. More and more projects are moving up from the back rows that seem to have found promising solutions to the many small problems of the Ethereum blockchain. In addition to Cardano and Solana, Avalanche has recently joined the contenders for the potentially biggest “Ethereum killers”. The young project has learned from Ethereum’s scaling deficits and developed technically innovative answers to them. Under the hood is a complex network that lives up to the name – Avalanche means avalanche – in many ways.
Moritz Draht clarifies in the Coin of the Month of the new crypto compass whether Avalanche can live up to its advance praise and Ethereum actually has to fear.
How much crypto is there in the darknet?
Thanks to television series such as the German Netflix success “How to Sell Drugs Online (Fast)”, the image of Bitcoin and cryptocurrencies in general has always been associated with the dark corners of the Internet – as a means of payment for illegal goods such as drugs, weapons, identity cards , Credit cards and services such as prostitution or even contract killings in the so-called Darknet.
It’s a cliché that has prevailed since the beginning of reporting on Bitcoin and Co. – and one that still holds a lot of truth today, even though Bitcoiners don’t want to hear that. Because the to this day unknown Satoshi Nakamoto did not invent Bitcoin as a darknet currency when he published the white paper on his crypto currency in 2008. It should be years before the Darknet marketplace veteran Silk Road went live, which Bitcoin then misappropriated.
In order to get to the bottom of the question of how much crypto is still in the Darknet in 2021, Daniel Hoppmann and Paol Hergert went on a search and explain in the cover story of the new crypto compass what they found there.
Play-to-Earn Games: Unlimited Income Without Taxation?
Also earn money while gambling? That sounds too good to be true, but in part it is already a reality today. Because crypto online games are currently among the most innovative business strategies by means of which players can receive rewards in the form of cryptocurrencies and then exchange them for fiat money – such as US dollars – on an exchange. Axie Infinity is probably the most famous of these blockchain games.
The game was developed by the Vietnamese company Sky Mavis and is still in beta. At Axie Infinity it is possible to breed digital figures (“Axies”) using the Ethereum-based tokens AXS (“Axie Infinity Shards”) and SLP (“Smooth Love Potion”) and to later use them on the native decentralized exchange (DEX ) for sale. Each Axie is an NFT, which makes it unique and, depending on its properties, a potentially valuable digital asset.
But Axie Infinity is by no means the only game that offers a play-to-earn model using blockchain technology. In their article in the new crypto compass, the lawyers explain Thorsten Franke-Roericht and Martin Figatowskiwhat to consider when gambling on the blockchain – and why they consider play-to-earn to be a very interesting new investment opportunity.