Crypto gaming token AXS jumped nearly 40% to hit a four-month high of $13.94 on Monday, according to CoinDesk, a digital currency news site.
Additionally, according to Coinalyze, a crypto futures market data provider, the dollar value of AXS closed in perpetual open futures rose 156% to $104 million on Monday.
AXS, or Axie Infinity Shards, is the management token for Axie Infinity, a blockchain-based combat and trading game in which players can buy, raise, raise, battle, and trade non-convertible token creatures called Axies ( NFT). .
Earlier, Token Unlocks, a token research site, announced that 4.8 million AXS tokens, or 1.8% of the total supply of 270 million, will be available for trading on Monday, making the move in the market comparable to cryptocurrencies of other recently. . time to confuse many users.
Cryptocurrency “unlocks” the creation of liquidity, allowing investors to make a profit. As part of this process, tokens are locked to prevent large holders from selling their coins, which lowers prices. These majors are usually early stage investors or even members of the project team.
Most retail investors don't worry about a market slowdown
A survey by trading platform eToro found that 69% of retail investors were happy or confused by the prolonged market decline last year. About 31% of respondents also said they were reluctant to invest in crypto after the crash.
Commenting on the renewed interest among mainstream crypto investors, eToro global market strategist Ben Laidler said: “The fact that two-thirds of retail investors are feeling indifferent or even more positive after the worst year on record for the crypto markets crypto in a generation, it may seem strange. But most of this group has been thinking for years and decades. For those with long-term horizons, 2022 presents an opportunity to buy companies with lower valuations, improving long-term earnings prospects ."
Microsoft shuts down its social virtual reality platform
Microsoft plans to shut down Altspace VR, a social virtual reality (VR) platform, on March 10, 2023. After announcing 10,000 job cuts worldwide as part of a restructuring process, the Silicon Valley titan revealed the news on your blog. .
"Looking to the future, we see an opportunity for virtual reality to move beyond the consumer sector and now serve a greater purpose: a more open, accessible and safe option for an immersive experience in the metaverse ," the blog says. . "With Mesh, our goal is to create a platform that provides the most comprehensive experience possible for everyone involved, including creators, partners and customers."
One of the first virtual reality social media applications was Altspace VR, which allows users to join 3D chat rooms to play games, watch movies, and attend events through headsets and web-based platforms. Microsoft bought the company in 2017 as part of its ambitions to create its own mixed reality ecosystem, when it was on the verge of shutting down due to financial issues. Following the shutdown of Altspace VR, Microsoft announced that users can now download their data and content from the VR platform.