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Here’s what we got for you today:

• Nifty Island — the best crypto metaverse?

• Magic Eden rewards program

• Market commentary

Let’s get started!

Nifty Island — the Best Crypto Metaverse? 🌌

Imagine a universe powered by blockchain, where every corner you turn is a new adventure waiting to happen. This PC game (with whispers of a mobile version on the horizon 😉) is not just about exploring islands; it's about creating your own, diving into minigames, and showing off your NFT collection like never before.

 Starting with your very own island (yep, free and not an NFT), the creativity baton is passed to you. Dreaming of a castle, a spooky dungeon, or maybe a high-security prison? You got it! Build away and let your imagination run wild. But the fun doesn't stop at building; it's just getting started. 

Enter the realm of minigames, tailor-made by you! Whether you're into the classic capture-the-flag, the thrill of a death match with an arsenal that'd make any gamer's heart race, racing against time in a foot race, or playing the ultimate game of hide-and-seek in Spy Hunt - there's something for every type of player.

And the best part? You can choose avatars from some of the best NFT collections like Azuki, Mocaverse, Yoots, and many more. In addition, the platform doesn't stop at established collections; it empowers you to bring personal flair by uploading your own 3D creations.

The game is now live and you can select different worlds led by popular creators to play in. You also get to participate in their play-to-airdrop events to earn $ISLAND, a utility token.

Magic Eden Rewards Program

Magic Eden is elevating the NFT marketplace experience with its innovative cross-chain rewards program, now made even more enticing with the "Retro Diamond Drop." This program rewards users not just for listing and offering but also for buying and collecting NFTs, marking a shift towards rewarding the entire NFT community. 

Whether you're a trader or a collector, engaging with Magic Eden's native listings and offers can earn you Diamonds. Initially available on Solana, the program is set to expand to Ethereum and Polygon, integrating seamlessly with Magic Eden's upcoming Ethereum marketplace. 

Additionally, a collaboration with the Non-Fungible DAO introduces parallel rewards through NFT token drops, promising further benefits based on your activity within the Magic Eden ecosystem, thereby enriching the user experience significantly.

You can maximize your diamond earnings by doing the following:

• Engage Fully with Magic Eden: Start by ensuring all your NFT dealings are through Magic Eden. Buying directly from the platform's listings, not from aggregated sources, is your first step to accumulating Diamonds.

• Strategize Your Purchases: Eye those trending collections and make purchases that not only add to your NFT portfolio but also give you a higher yield of Diamonds. 

• List Wisely: When you list your NFTs, do so with the intention to sell. Items priced close to the floor are more likely to earn you a generous amount of Diamonds. 

• Make Offers: Don't just wait for the perfect NFT to come to you. Make offers on items within the top 100 NFT collections on Magic Eden. 

• Leverage Bonuses: Magic Eden is generous with bonuses. Users can boost their diamonds by 50-100% for being long-time supporters and collectors of trending collections

So what are you waiting for? Claim your diamonds and start farming for more!

Market Commentary 🎙️

When markets get boring, it’s time to double down and pay attention. We’ve been on an absolute tear since the beginning of Q4 2023. The markets performed extremely well with some tokens like Solana making insane comebacks. 

So it’s only likely we cool down for a while before we resume the up trend. This doesn’t mean we see any kind of price capitulation happening. But the markets will likely test the patience of participants. For long-term investors, this doesn’t make a big difference. On the other hand, traders may have a more challenging time with these choppy conditions. 

Everyone is looking for interest rates to come down and quantitative tightening to slow down. These decisions will be made in the coming months by the FED. While everyone believes the rates will come down, it may not be priced in yet. As we saw recently Jerome Powell indicates that the committee needs more confidence to come to any conclusion. 

Therefore, we may see more chop and Bitcoin may go down to mid 30s in the worst case scenario. In the long-term, things still look bullish as there are many catalysts like Bitcoin halving. 

Besides price action, the developments happening across various crypto verticals are mindblowing. Solana is having its DeFi moment, NFTs are making a comeback, DA solutions are on the rise, restaking narrative is taking form, and quality games are hitting the market. 

• The $MAVIA token launch is coming on the 6th of February and the token will go live on major exchanges in the coming days.

• Star Heroes, a multiplayer space shooter game, announced its token airdrop. You can participate by registering on their website.

• Ronin Network saw 5x growth in DAU from December to February and continues to sustain that growth remarkably well.

• Pudgy Penguins reveals Chapter 2 of Pudgy Toys licensing is live with the beta launch of Overpass.

• Shrapnel announced new competition with a $100k prize pool in SHRAP tokens.

• Heroes of Mavia launched on iOS and Android app stores and reached over 1 million global downloads.

• Immutable zkEVM mainnet is now live for select game partners and studios to deploy custom smart contracts.

• Pixelmon raised fresh funding of $8 million in seed investment from Animoca Brands, Spartan Group, Foresight Ventures, etc.

• Nekoverse: City of Greed is live on Merit Circle’s Beam network. 

• SuperVerse partnered with Immutable and Polygon to create a unified gaming network and bring their games to the masses. 

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