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Two Games Two Dominate The GameFi Space With A Unique Value Proposition: Moshnake and Axie Infinity

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During the raging crypto winter, a handful of crypto niches were not drastically affected by the detrimental effects of the crumbling market. GameFi was among the few that sustained the initial blow and is currently on the way to becoming the most lucrative space in crypto.

And although according to a recent survey, the global adoption of blockchain gaming has only reached its hibernation state, all the cards are on the table for GameFi to lead the crypto flock towards greatness.

In light of this, it would be wise to consider what players from blockchain gaming have the capacity to usher the industry into a new era. Join me in today’s editorial, where we will consider up-and-coming gaming platform Moshnake and the OG of the blockchain gaming Axie Infinity. Let’s dig in.

Moshnake: When Nostalgia Hits Right

Despite being a new kid on the crypto block, Moshnake has gained wide-claimed support from the crypto buffs and the general folk. One of the reasons why it resonated with such a large number of people was because its game mode is derived from the classic Nokia arcade – Snake. Kids from the late 90s were obsessed with this game, similar to how Tamagotchi gripped their parents during the 80s. However, unlike the OG mode, Moshanke offers much more than a simple gaming experience. Let me elaborate.

To deliver an unforgettable adventure, it harnesses the power of what is known as Play-to-Earn (P2E), a novel way that most gamers worldwide are currently embracing. In a nutshell, this mode enables players to earn passive income in real time while enjoying their favourite games around the clock. In the case of Moshnake, it is a multiplayer game where players compete against one another in a Battle Royal format.

To begin playing, one must buy an in-game NFT, which can be purchased with the platform’s native token, MSH, representing an avatar or a type of snake within the game. However, players also need to buy VEN tokens, which would be used as a payment method to enter various tournaments. Everyone has to deposit it to start playing, and the last man standing takes everything. After this, players participating in the game will be ranked based on their performance and rewarded with VEN tokens from the project’s treasury. Moshnake has entered its first presale stage at the time of writing, so be sure to check it out.

To Axie Infinity And Beyond!

Axie Infinity was the first P2E game that gained overwhelming success during the bull run of 2021. Needless to say that at the moment, this is the most profitable blockchain game on the market, which at some point sustained a living income for a large chunk of the Philippines population. The game’s premise is simple: players battle with other players using cute little beasts called Axies, similar to the OG pokemon game.

To enter the game, one needs to have three creatures to play, which can be bought on crypto marketplaces or created using SLP, a special token potion for breeding. Each little beast is unique and has specific traits and characteristics only innate to it. Apart from the SLP token, there is also a governance token, AXS, which can be utilised to influence the future development of Axies’ universe through voting. At the time of writing, the price of AXS lost more than 80% of its peak value in 2021, so if you are looking for a long-term investment, AXS should be on your radar.

Looking Ahead

It is highly unlikely for Axie Infinity to lose its winning position, albeit you can never know something for sure, especially in the rapidly developing world of GameFi. We enter speculative territory here, but it looks like Moshnake could be a successor of this OG blockchain game. Based on the nostalgia appeal and a very straightforward gaming mode, it has all the necessary ingredients to succeed. Considering this, I suggest taking a closer look at Mosnake before it becomes too mainstream.

 

Moshnake:

 

BudBlockz Looks to Establish Itself As Best Token Built on the Ethereum Blockchain

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Ethereum (ETH) is the second-largest blockchain in terms of market capitalization. However, the blockchain is a leader when it comes to the size of its ecosystem.

This is due to the fact that there are many projects built on top of it, which leverage its token standard as well as underlying security to be compatible with as many platforms as possible.

BudBlockz is one such project, and today, we are going to go over how it will establish itself as one of the best and biggest tokens built on top of Ethereum.

BudBlockz and Its Functionality

BudBlockz is one of the latest projects which has been built on top of Ethereum and is an online, decentralized e-commerce platform where users can gain access to the global cannabis market through.

Due to the fact that it leverages the power of asset tokenization, as well as fractionalization, it gives anyone access to begin investing in this market, no matter what kind of budget they might have, all whilst maintaining a high level of privacy, security, and decentralization.

What all of this essentially means is that BudBlockz establishes an open and fairly traded environment where anyone can enter an asset class or a market that would have otherwise been inaccessible to them.

Furthermore, all of this works within legal jurisdictions, which means that none of its users have to worry about running into any issues.

All of this is powered by its native cryptocurrency, known as the BLUNT token, which is used as a medium of exchange between individuals and cannabis corporations.

This can include Dispensaries, Farms, CBD manufacturers, and much more over time.

Furthermore, any of the purchases made are made through the peer-to-peer (P2P) network, and the project has community governance where the amount of BLUNT a user has determined their voting power.

Additional Features

Now that we have established what BudBlockz is, you might be wondering in what other ways it differentiates itself from other projects.

Alongside opening the cannabis market to as many people as possible through blockchain technology, there’s also a set of non-fungible tokens (NFTs) called The Ganja Guruz NFTs, which also have utility.

They enable users to become verified, whereby holding any one of these NFTs, each user will gain entry to the fractional ownership market.

This set will be limited to 10,000 NFTs, which will be released on top of Ethereum as well and will follow the ERC-721 token standard.

What all of this leads to is a high level of availability and support, as any marketplace that supports Ethereum NFTs will also support Ganja Guruz NFTs.

Future of BudBlockz

BudBlockz is an interesting project which has entered the blockchain space, and its native cryptocurrency, BLUNT, as well as its NFT set is known as Ganja Guruz NFTs both feature a high level of utility, which will allow it to establish itself as one of the best projects, and tokens, built on top of the Ethereum blockchain.

 

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: budblockz.io/

Presale Registration:: https://app.budblockz.io/sign-up

Telegram Group: https://t.me/BudBlockz

Discord Server: https://discord.gg/s7hBFgvTmN

All BudBlockz Links: https://linktr.ee/budblockz

Marriage is not a do-or-die affair; divorce and stay alive

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A wife of a popular Lagos-based businessman and socialite died today leaving her five young children behind. She died as a result of domestic violence she got from her husband while in the marriage.

In 2019, it trended that the same man attacked the woman while she was pregnant till she passed out and only regained consciousness after she was hospitalized. 

After that incident, she moved out of the husband’s house as she stated publicly that the husband attacks her on a daily basis, and sometimes it takes her to scream for help for neighbors to gather and rescue her from the hands of the husband. 

She later reconciled with the husband and moved back to the husband’s house but we still hear rumors and coded accusations of her still being beaten to a pulp constantly by the husband until Wednesday, the 12th of October, when a video of her burnt beyond recognition was trending online.

According to the eyewitness report, the husband poured petrol on her and set her ablaze and was watching her burn and making a video of her while she was grasping for her life. She had to jump from the window into the swimming pool to escape from the husband but it was already late. 

From Wednesday till today, she was in the intensive care unit of the hospital fighting for her dear life until she died today leaving her five young children behind.

Now if investigated and the allegation that it was the husband that set her ablaze as alleged by an eye witness, the husband will definitely be prosecuted for the murder of his wife and if found guilty will likely be sentenced to life imprisonment.

The mother is dead while the father that could have been there for the children will likely be sent away to jail; this is always the outcome of domestic abuse cases once it leads to the death of a partner.

The same double tragedy is what the children of the late gospel singer Osinachi Nwachukwu are currently facing. The mother is dead and their dad is currently in jail for the murder of his wife. 

Marriage is never a do-or-die affair if your wife constantly provokes you to the extent of getting tempted to lay hands on her, save that energy and channel it into getting a divorce and walking away from the marriage instead of committing the crime of domestic violence. If your husband ever laid hands or threatens to attack you, do not wait till it happens, you may not be a survivor, walk away from the marriage. If you can’t afford to pay for divorce let the lawyer know that your life is at risk staying in the marriage; there’s no lawyer that won’t attend to such a case pro bono; I (personally) have handled some divorce cases free of charge when the women confided in me that they can’t afford to pay for the divorce process but their life is at risk remaining in the marriage. 

Before going back to an abusive partner, consider your children or those you love, and what will become of them if you do not survive the domestic violence, your abuser, who is likely your husband will end up in jail leaving your lovely children both motherless and fatherless. 

Marriage is not a do-or-die affair, exit the union once your life is being threatened, or exit the union once your partner provokes you to the extent of you being tempted to physically attack her.

Beyond IPOs: How Tekedia Capital Sees The Best Way To Structure Venture Funds of the Future

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I wrote this on Nov 25, 2021 here

I respect traditional Venture Capital (VC)  firms but I hate their business models. How can you find a great startup, fund it and because you are required to return money to your limited partners (“the VC’s investors”), in years, you exit even before the company begins life?

Yes, you got in when the startup was worth $200m and it went public for $2 billion. You rejoice because within a 7-10 year span, you have made say 10x returns. But wait for just 10 more years, the same startup which IPO’d at $2 billion is now worth $30 billion. But you had since gone!

What would have been bad if the VC had held its positions without any constraint of time? That way, instead of capturing value within $2 billion within a decade, it opens itself for value capture within $30 billion  in the window of decades. And you allow LPs which desire to exit to go.

That is why I did not design Tekedia Capital as a typical VC firm. I did the math and discovered that more than 90% of VCs are leaving money on the table because of artificial constraints of time they created. They become operators at the center of the smiling curve instead of at the edges. For all the backers of Facebook or Tesla, the greatest winners are the investors who got in early when they went public. The VCs who exited within the first 10 years of this company life left value on the table.

(Some funds are structured to have expiration dates, typically 7-10 years which the fund must close and return money to limited partners.)

By removing time, Tekedia Capital investors will capture not just the initial opportunities but also latter day opportunities in our companies. In a cambrian moment, restricting boundless opportunities by time does not seem right. Tekedia Capital will play at both the center and the edges of smiling curves. And we want to ring the bell in a public market, unrestricted by time.

This is my destination: in the future, and because we have no constraints of time, as our startups mature, we can stay the course and capture compounding value by taking Tekedia Capital public. That seems like a great business model even for a business that focuses on analyzing business models from startups.

Read this piece from Fortune Datasheet:

As the Wall Street Journal reported on Thursday, a growing number of VC firms—including Accel, Lightspeed Venture Partners, Sequoia Capital, and Andreessen Horowitz—are buying shares of publicly traded companies.

For Accel and Lightspeed, it’s about re-investing in their portfolio companies. From a logic standpoint, it makes sense: Accel and Lightspeed have history with public companies like UiPath and GrubHub — they invested in these companies back when they were privately-held startups, and they have valuable insight into their businesses and operations. Buying their public stock is like curling up with a childhood stuffed animal when the hurricane hits. 

Conclusion: VCs are evolving to capture more value at the edges of the smiling curve.

There are great Venture Capital firms in the world. But for many of them, their business model does not make sense (I wrote in Nov 2021). Yes, you got in when the startup was worth $200m, and it went public for $2 billion. You rejoice because within a 7-10 year span, you have made say 10x returns. But wait for just 10 more years, the same startup which IPO’d at $2 billion is now worth $30 billion. But you have since gone! What stops you holding your positions post-IPOs, while creating paths for limited partners for exit?

Today, it seems VCs have the memo: “As the Wall Street Journal reported on Thursday, a growing number of VC firms—including Accel, Lightspeed Venture Partners, Sequoia Capital, and Andreessen Horowitz—are buying shares of publicly traded companies. For Accel and Lightspeed, it’s about re-investing in their portfolio companies.”

At Tekedia Capital, we are structured in a way that we do not have to go and re-buy our publicly exited companies (when that happens) because of limited partners. We will prefer to hold the positions instead of what Accel is doing: sell today and later, go back and re-buy. The business model of VCs must evolve.

By removing time, Tekedia Capital investors will capture not just the initial opportunities but also latter day opportunities in our companies. In a cambrian moment, restricting boundless opportunities by time does not seem right. Tekedia Capital will play at both the center and the edges of smiling curves. And we want to ring the bell in a public market, unrestricted by time.

Namibia’s Central Bank Explores Introduction of Central Bank Digital Currency

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Namibia is planning to join the growing list of countries that have introduced the Central Bank Digital Currency (CBDC), triggered by the rise of cryptocurrency.

In a thought leadership event held in the country’s capital Windhoek, the Bank of Namibia governor Johannes !Gawaxab, said the country is exploring ways to create a digital currency as part of the central bank’s strategic direction and rapid digitization of the financial system.

Techcabal reports that the event titled, “Central Banking Digital Currencies and Virtual Assets,” was graced by representatives from the Central Reserve Bank of El Salvador, the South Africa Reserve Bank, Bank of Ghana and the Central Bank of Nigeria.

Nigeria is foremost amongst countries exploring digital currency to have launched CBDC called eNaira, while El Salvador had adopted bitcoin as a legal tender.

!Gawaxab said that a public consultation paper on CBDCs would be published soon to further demonstrate the Bank’s commitment to continued cooperation and dialogue with the industry, private sector innovators, the fintech community and other stakeholders in transforming the financial sector for the prosperity of all Namibians.

“If CBDCs are explored and implemented with due care and caution, they could hold immense potential benefit for a more stable, safer, more widely available, and less expensive means of payment than private forms of digital money,’’ said !Gawaxab.

But the governor warned that CBDCs are in their early stages thus there is a lot of uncertainty as central banks around the world are building up their understanding and technological capability to explore and optimally utilize new technologies to ready themselves for the future, especially the future of finance.

!Gawaxab’s announcement signifies a shift from Namibia’s previous stance on cryptocurrency. Just like many other countries that had before, opposed the use of cryptocurrency, the Southern African country is opening its door to a possible future of digital financial landscape that will have CBDC and cryptocurrency.

There is also another announcement along the digital line which has to do with Namibia’s position on Virtual Assets (VAs) and Virtual Assets Service Providers (VASPs). The central bank disclosed that while VAs in Namibia remain without legal tender status, their acceptance for the payment of goods and services is left to the discretion of any merchant and buyer.

The shift in Namibia’s stance on cryptocurrency means that the central bank needs to introduce a regulatory framework. While that is still in the pipeline, the apex bank has issued some warning.

The central bank warned that Initial Coin Offerings (ICOs) pose high risks and possibilities of fraud, manipulation, and misrepresentation, adding that it does not advocate nor support the general public’s engagement in ICOs.

But in response to the exponential growth in Vas, !Gawaxab said the central bank will amend applicable laws in consultation with stakeholders to accommodate it.

“To ensure a progressive regulatory response to the exponential growth in VAs, the Bank of Namibia has brought VAs and VASPs under its FinTech Innovations Regulatory Framework in a phased approach, through its Innovation Hub,” Gawaxab said. “The Bank of Namibia will engage VASPs and consider the amendment of applicable laws and regulations in consultation with other relevant authorities such as Namibia Financial Institutions Supervisory Authority (NAMFISA).”