AXS token increases by 40%;  Study says 69% of investors aren't fazed by falling market

Gaming crypto token AXS rose nearly 40% to hit a four-month high of $13.94 on Monday, according to CoinDesk, a news site specializing in gaming. digital currencies .

Also, according to Coinalyze, a crypto futures market data provider, the dollar value of AXS locked in open perpetual futures rose 156% to $104 million on Monday.

AXS or Axie Infinity Shards is the governance token of Axie Infinity, a blockchain-based trading and fighting game, where players can acquire, breed, grow, battle and trade creatures based on non-fungible tokens (NFTs) ) called “Axies”.

Earlier, Token Unlocks, a token analysis site, said 4.8 million AXS tokens, or 1.8% of its total supply of 270 million, would be available for trading on Monday, making it the most bullish move in the market against other cryptocurrencies in recent times. , confusing many users.

Crypto “unlocks” create liquidity, allowing investors to earn profits. As part of the process, the tokens are locked to prevent major holders from selling their coins at the same time, which triggers price drops. These “big bag” holders are usually early stage investors or even project team members.

Most retail investors aren’t impressed with the market’s decline

A study by trading platform eToro found that 69% of retail investors were satisfied or had mixed feelings about the market’s prolonged decline over the past year. Around 31% of respondents also said they were hesitant to invest in cryptos after the crash.

Commenting on the renewed interest among mainstream crypto investors, Ben Laidler, global market strategist at eToro, said: “The fact that two-thirds of retail investors are feeling indifferent or even more positive after the worst year for markets in a generation might seem strange. But most of this cohort thinks in years and decades. For those with longer time horizons, 2022 offered a chance to buy companies at lower valuations, improving the outlook for long-term returns.

Microsoft closes its social virtual reality platform

Microsoft plans to shut down its Altspace VR, a social virtual reality (VR) platform, on March 10, 2023. After announcing 10,000 job cuts worldwide as part of its reorganization process, the Silicon Valley titan revealed the news in a blog post. .

“As we look to the future, we see the opportunity for virtual reality to expand beyond the consumer to the enterprise and now have an even bigger goal: a more open, accessible and secure version of immersive experiences in the metaverse,” the blog post read. “With Mesh, we aspire to build a platform that provides the broadest opportunity for everyone involved, including creators, partners, and customers.”

One of the first social networking applications for virtual reality was Altspace VR, which allows users to join 3D chat rooms to play games, watch movies, and attend events on headsets and web platforms. . Microsoft bought the company in 2017 as part of its ambitions to create its own mixed reality ecosystem when it was about to fold due to financial issues. Following the closure of Altspace VR, Microsoft announced that users can now download their data and content from the VR platform.

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