The Wei - 4th Edition

GameFi. So hot right now.

Attention, Alpha seekers!

Brace yourself for a quick blast across the crypto-continuum. We're spotlighting some of GameFi's biggest plays, as well as the latest token drops in the rising market segment, and delivering the good on some top coins and NFTs you need to watch. It's all the alpha you need in less than a 10-minute read.

Buckle up, buttercup!

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2024's GameFi Boom: Riding into the Wild West of Web3 Gaming!

Bounty written by @reXt_racer

The Unstoppable Force of GameFi in 2024

2024 is shaping up to be a breakout year for GameFi, where gaming and decentralized finance collide in the most thrilling way. This piece from D¢ENT Ventures, "GameFi Market Revolution 2024," dives into the heart of this exciting world. It's not just games; it's an economic revolution! Expect insights on how AI and VR are spicing things up, the lowdown on Play-to-Earn models, and what hurdles GameFi faces.

Plus, this article gives you a sneak peek at 10 of the hottest Web3 games hitting the market in 2024. It's a quick, punchy read that'll leave you savvy about where GameFi's headed this year.

Catch the Wave of Gaming Token Airdrops!

Speaking of must-read Gamefi related lists… Get ready for an airdrop extravaganza in the world of gaming tokens! Decrypt's article, "Game On: The Hottest Upcoming Gaming Token Airdrops," is your treasure map to the most anticipated token drops in the gaming universe. From Nifty Island's sandbox adventures to the mech battles of Nyan Heroes, this article is a must-read for anyone keen to dive into the buzzing world of gaming airdrops. It's a quick, insider's guide to scoring big in the next big wave of crypto gaming.


Top Headlines this Week

TBH, it was a bit of a slow week for news in the web3 world. Sometimes though, a breather can be a nice thing in this wacky world. Here are the top headlines worth your attention.

Wen Solana Meme Coin Craze? - Over a Million Wallets Catching the $WEN Airdrop Wave!

BlackRock's Bitcoin ETF Smashes $2B - The First Spot BTC ETF to Reach $2B in AUM​​.

Crypto Wallet Trezor Announced Security Breach​​ - A Stark Reminder for Crypto Wallet Safety!

🪙 The Token Economy

Market Snapshot

The crypto market is currently navigating through a phase of adjustment and anticipation. After Bitcoin briefly dipped below the $40,000 support level, it has rebounded, sparking a cautious optimism among investors. The market is now witnessing a balance between bearish pressures and bullish resilience, particularly in leading cryptocurrencies like BTC and ETH. This week's analysis from Cointelegraph provides a detailed overview of critical support levels and potential resistance zones for top cryptocurrencies, suggesting a blend of challenges and opportunities ahead. The overall sentiment is one of watchful waiting, with an eye on key price movements that could indicate future trends.

Bitcoin: BTC's recent bounce from the $37,980 support level brought it to the 20-day EMA of $41,904, with a potential climb to the 50-day SMA at $42,904. Resistance is expected around $44,700.

Ethereum: ETH shows buying interest near $2,168 support. The downtrend line may act as stiff resistance, with potential drops to $2,100 if rallies are sold.

Binance Coin: BNB rebounded from $288 support, aiming for the 20-day EMA at $304. Key resistance lies at the downtrend line.

Solana: SOL, after dipping below $87, is heading towards moving averages with resistance expected at the downtrend line.

XRP: XRP is struggling around $0.50 with a downtrend expected if it falls below, and resistance near the 20-day EMA at $0.55.

Cardano: ADA is rallying towards the 20-day EMA at $0.51, with resistance likely, and a potential drop towards the channel's support line.

Avalanche: AVAX's recovery might face resistance at the 20-day EMA of $33.81, with a retest of $27.24 low possible.

Dogecoin: DOGE is battling at the downtrend line, with support at $0.07 and a potential rally to $0.10–$0.11 if overcome.

Polkadot: DOT is rebounding to the neckline of a head-and-shoulders pattern, with resistance at the 20-day EMA and a potential fall below $5.97.

Chainlink: LINK is fluctuating within the $12.85–$17.32 range, with a potential drop to $12.85 or a rally to $17.32.

Token | Price | 7d Change | Mcap

  1. BTC | $42,110.48 | +1.1% | $825.75b

  2. ETH | $2,278.09 | +7.6% | $273.85b

  3. BNB | $304.97 | +3.7% | $46.92b

  4. SOL | $94.06 | +2.2% | $40.75b

  5. XRP | $0.5307 | +3.8% | $28.87b

Fear & Greed Index: 54 | Neutral

🔥 Hot Coins of the Week

This week I bring you one coin you should know about, and two that you will be excused for never hearing about.

  • $WEN on Solana: Recently airdropped to millions of Solana users, $WEN has been the talk of X. Although it’s trending, it is also very early.
    Bounty submitted by @lordkolie

  • $NOCHILL on Avalanche: The first of two Avax network coins you should be looking at due to the awakening giant known as The Arena (more to come on this). $NOCHILL has quickly become one of the top coins to tip with inside the Arena.
    Bounty submitted by @your-name-here - Bounty Hunters wanted

  • $C0Q on Avalanche: Similarly, this memecoin has gained popularity in the Arena, and looks primed to make some moves..
    Bounty submitted by @your-name-here - Bounty Hunters wanted

Been eyeballing a slept-on 🪙 lately?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🎮️ Web3 Gaming

Gamefi FTW

Bounty submitted by @your-name-here - Bounty Hunters wanted

If you couldn’t tell by the overriding theme of this edition, web3 gaming is a hot topic right now. One of the top trending projects in this space just held their first public playtest. It saw countless streamers testing it for the first time live on X (yes X now has streaming video), and let me tell you. It didn’t dissappoint. What game am I referring to?

Shrapnel: The first AAA FPS on the blockchain

Get ready for an adrenaline-pumping, mind-blowing first-person shooter like no other! Step into a futuristic world with stunning graphics. This game is a masterpiece crafted using the legendary Unreal Engine 5. Brace yourself for an unmatched audio experience. This game will take you to a whole new level of excitement! It's still in the pre-alpha stage, but showing immense promise. Get ready to throw away your onscreen time meter for healing, because this game is all about realism! Strategize, adapt, and conquer the battlefield with skill and cunning. Shrapnel is the game you need to keep an eye on. It will redefine the genre and make your heart race. Get ready for an epic journey, because Shrapnel is about to take the gaming world by storm!

A new web3 got you unable to put down the 🎮️ ?

We want to hear about it! Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.


Defi the Odds

Bounty submitted by @your-name-here - Bounty Hunters wanted

The SUI network has been on the upswing as of late, so I thought I’d find one of the best places to make some yield in this new frontier. What I found was NAVI, and it looks like it’s got the goods.

While there is a USDC liquidity play that yields a slightly higher 18.23%, I think my pick below has the potential to capture the upside potential of the network’s native token as well. Have a look…

🤑 Top yield play of the week

NAVI: SUI Lending
Total APY: 17.31%
Total Value Locked: $62.81M

NAVI is the first Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem.

Liquidity providers supply assets to the market, earning passive income through yields, while borrowers have the flexibility to obtain loans for different assets. With its focus on providing essential DeFi infrastructure, Navi aims to be a key player in the rapidly evolving world of DeFi in the Sui Ecosystem

Defi Sector Stats

Chain | Protocols | 7d Change | TVL

  1. Ethereum | 1010 | -5.77% | $31.694b

  2. Tron | 29 | -0.37% | $7.785b

  3. BSC | 693 | +3.20% | $3.607b

  4. Arbitrum | 530 | -2.31% | $2.59b

  5. Solana | 125 | -0.62% | $1.407b

Got a hot tip on some 🔥 defi plays?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🖼️ NFTs

Collection Dropping This Week

Island Beach Club: Minting Jan 29

Stats: Jan 29 | 0.3 SOL | 4,444 | On Solana
Links: X | Discord | Whitepaper | Website

Island Beach Club (IBC) is a decentralized game in Palm Island's Virtual NFT Universe, where you can establish, win, and build your legacy with 4,444 unique NFTs, each with 8 skins and over 160 traits. By staking your IBC NFT, you can earn $Palm tokens, which can be swapped for SOL or used for special in-game attributes, making your NFT a key to financial and virtual success. As a VIP member, you'll gain unique access, special benefits, and play a key part in creating Palm Island's digital future. To get started, join the Discord channel, apply for whitelisting, and follow announcements for the launchpad partner.

IBC aims to create a collaborative, consequence-free metaverse governed by a DAO, where decisions are made collectively and each person can be anyone they want to be without worrying about the real world's judgment. With a mission to free the community from centralized authority, IBC offers a dynamic, interactive environment for a second virtual life, making it worth checking out for those interested in exploring the possibilities of decentralized gaming on Solana.

NFT Market Performance

Collection | Chain | Floor | 7d Change | 7d Vol. | Listed

  1. Pudgy Penguins | Eth | 17.37 | -2.47% | 4587.01 | 537

  2. Mutant Ape Yacht Club (MAYC) | Eth | 4.47 | -0.58% | 3362.64 | 883

  3. Lil Pudgys | Eth | 1.8065 | -0.96% | 2928.93 | 1054

  4. Azuki | Eth | 7.087 | +1.37% | 3955.96 | 652

  5. Bored Ape Yacht Club (BAYC) | Eth | 25.359 | +3.09% | 3662.56 | 368

Got a a scoop on a hidden 💎 of a collection?

Become an Alpha Hunter and submit your finds. If we add it to an upcoming edition of The Wei, the bounty will be yours! To get started read how to join the Alpha Hunter Clan. It takes less than 5 minutes and everyone is welcome.
We also accept sponsored mentions for quality projects. Interested? Reach out.

🛠️ Tools & Resources

Degen Armory

As mentioned in the Hot Tokens This Week section above, there is a new platform I think everyone in the Web3 space needs to be aware of. Especially if you are an Avax fan. It may not be a tool or resource, per se. But it can be valuable for “Crypto-Twitter” folk to gain a strong and ingeniously monetized audience.

Stars Arena rebranded and relaunched, becoming The Arena. A decentralized social network, or SoFi platform which almost acts as a layer on top of X, as it requires new users to use their X account to get started, and clones their profile. Users of Friend.Tech will be familiar with the model. However, it can have a bit of a learning curve for newcomers. But if you play around with it it should all become clear.

Either way, we will be doing a full writeup and how-to guide on it in the very near future. For now, here is what you need to know.

  • It runs on Avalanche (Avax) but doesn’t require any deposits to get started.

  • It allows users to tip one another with a variety of memecoins, as well as Avax.

  • All users get a social currency of their own, called tickets. The more value you provide the more people will want to buy them and the higher their value will go.

  • Tickets unlock exclusive access to the creator.

  • Users accumulate a portion of the trading fees of their tickets in the form of Avax.

  • Interactions result in Points, which provide an airdrop. Presumably of The Arena’s token (I’m still figuring this out.

This platform is still relatively new and is picking up steam every day. Getting in early is your best bet to grow your following and accumulate some impressive rewards.

Tools Mentioned in Previous Editions

  • The Layer 2 on X. Optimize the platform for your web3 journey.

  • Wallet Guard: The most advanced web3 security extension featuring transaction simulation and proactive phishing detection.

  • Presearch: The next-gen search engine for web3 natives, that pays you.

Ready to earn, bounty hunter?

The Wei wants you to be part of our network of mercenaries, delivering the best that web3 has to offer to our readers. And we will $WEI you handsomely for your time. Here are the various ways you can earn.

  1. Contribute to any of the content bounties posted throughout our newsletter.

  2. Submit a guest post or article for publication.

  3. Become an Elite Hunter.

  4. Easiest of all, refer new subscribers to the newsletter.

Each method will have its respective rewards clearly posted. Rewards are issued in an airdrop at the end of every month. Learn more about the $WEI token here.

This Is The Way GIF by Priya

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