Shibarium, the layer-2 protocol associated with Shiba Inu (SHIB), has witnessed a spike in activities resulting in remarkable development. According to Lucie, the marketing lead at Shiba Inu, the total value locked (TVL) has hit an all-time high (ATH) of $8.57 million.

Shibarium’s current TVL

This signals the growing adoption of Shibarium and increased user engagement. It also highlights the growing confidence among users as they staked more funds in the ecosystem.

Lucie appreciated the Shibarium family for the massive support they have given to the network. “Thank you, SHIBARIUM FAM,” she wrote.

Related

The community has played a significant role in driving success as they staked their funds in different projects. Data from DeFiLlama show a change in the figure after hitting the ATH.

The TVL for Shibarium stands at $4.58 million, reflecting the ongoing market flash crash.

An analysis of the figures reveals that the TVL is currently dominated by Shiba activities, which total $3.06 million. WoofSwap and ChewySwap followed a distant second and third, with $875,270 and $497,016, respectively.

Other contributors to the TVL include MARSWAP, DogSwap, Mint Club V2 and PunkSwap.

Wallet growth and market challenges

As reported by U.Today, Shibarium saw a surge in active wallet addresses as more users flocked to the network. The wallet addresses were on the verge of crossing the 1.9 million milestone, indicating the growing engagement within the Shiba Inu community.

Some of these new wallets might have contributed to staking part of their funds, leading to the earlier Shibarium ATH registration.

Related

Market experts have attributed the sharp drop from $8.57 million to $4.58 million to a decline in the price of SHIB. Earlier this month, Shibarium soared to new levels when the price of SHIB rebounded on the crypto market.

As of this writing, SHIB has dropped by 8.03% to trade at $0.00002392. Similarly, market volume has dipped by 9.92% to $1.48 billion as Shiba Inu struggles to rekindle investors’ interest.

The world’s largest cryptocurrency exchange, Binance, has announced the removal of five major tokens from its trading platform as part of a routine evaluation of listed assets. In a blog post, Binance revealed that the affected tokens are Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX) and Ren (REN).

The delisting will involve multiple trading pairs, including GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC and REN/USDT. This decision, according to Binance’s announcement, reflects its ongoing commitment to maintaining the quality and relevance of the exchange’s offerings by periodically reviewing listed digital assets against strict performance and compliance benchmarks.

The impacted projects vary widely in their purpose and functionality within the blockchain ecosystem. Gifto, launched in 2017 via Binance Launchpad, focuses on creating and distributing blockchain-based virtual gifts. 

IRISnet is a decentralized platform aimed at enabling small and medium-sized businesses to offer services through interconnected blockchain networks. SelfKey provides a decentralized identity management system, featuring a noncustodial wallet that lets users manage their digital identities and assets securely.

Related

OAX, known for its contributions to the Polkadot ecosystem, developed the OAX layer-2 protocol and parachains. Meanwhile, Ren operates as a decentralized finance (DeFi) protocol that aims to facilitate interoperability between Ethereum, Bitcoin and ZCash. Its ERC-20 token, REN, plays a role in enabling integration between the mentioned networks.

Related

Binance said that it delists tokens when they no longer meet its high standards or keep up with changing market conditions. By removing assets that do not meet its standards, the black-and-yellow exchange aims to keep users safe and make its offerings more up-to-date.

These delistings show that Binance is taking a proactive approach to making sure its platform is a trusted and competitive space for cryptocurrency trading. Users are advised to finalize any trades involving the affected pairs before they are removed to avoid any issues.

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.

The idea is to create an ecosystem where users can interact with decentralized apps (dApps) by spending Bitcoin directly. Hoskinson thinks this could make things easier for users while also adding new features to Bitcoin’s existing setup. 

Bitcoin + DeFi = Cardano?

One of the main things about this vision is using Cardano’s Babel fees, which let you pay transaction fees in different tokens. This could be the technical foundation to support hybrid apps powered by BTC.

Hoskinson stressed the need to make sure that the development of the ecosystem stays true to Bitcoin’s original ethos. He said he wants to work with the people who helped get Bitcoin off the ground and focus on new ideas that do not get bogged down by unnecessary distractions or misaligned motivations. 

The aim is to create a seamless and efficient integration that aligns with both Bitcoin’s strengths and the broader blockchain landscape.

Related

New developments like Bitcoin’s Taproot upgrade were shown to be key steps in making it easier to use more advanced features. Taproot, which was adopted in 2021, improves privacy and scalability within the Bitcoin network, which is great for integrating new layers of innovation.

Creo Engine has solidified its position in the Web3 gaming sector. The platform has one of the most powerful blockchain technologies and aims to become the cornerstone of the Web3 gaming industry.

One of the most significant aspects of the project is CreoPlay. The platform is a flexible gaming ecosystem with a variety of features. CreoPlay is one of the most robust gaming ecosystems. After several products like CreoDefi, Creo Engine Bridge, and its growing library of games, two novel and groundbreaking components are coming to strengthen the ecosystem. All of these are solidifying the project’s leadership in Web3 gaming. Creo Engine’s latest advancements are the CreoPlay ID Wallet and the CreoPlay Bot.

CreoPlay Bot: Leading the Charge in Web3 Gaming

CreoPlay Bot will become the cornerstone of the Creo Engine ecosystem. The platform is set to launch this November. CreoPlay Bot is a unified platform that aspires to revolutionize the Web3 gaming industry. The platform will allow players to engage with games, complete tasks, and earn real-world rewards. All activities within the platform will take place within a Telegram mini-app.

How Creo Engine’s CreoPlay Bot Works:

1. Complete tasks to obtain Tap Power:

Players can complete tasks provided by the project to gain Tap Power. Tap Power is an essential resource for interacting with the bot and progressing within games.

2. Tap the bot to accumulate points:

Players can also use their Tap Power to earn points and unlock rewards. This aspect further enhances the gaming experience.

3. Spend points or redeem them for tokens

Players have the option to either spend points for in-game features or exchange them for $CREO tokens. This development merges gameplay excitement with blockchain-based rewards.

A Growing Gaming Library And Ecosystem

Creo Engine’s CreoPlay Bot is an entry point to a growing library of telegram-based game apps. The platform offers a variety of game genres to keep players engaged. The platform aims to develop more titles to expand its ecosystem while enhancing gameplay.

Tapping Into Telegram’s Mini-App Growth

Creo Engine’s CreoPlay Bot harnesses the growing popularity of Telegram’s mini-apps. The development intends to make blockchain games accessible to a more substantial audience. The integration will make it easier for new users to get started. The move also supports Creo Engine’s mission to popularise Web3 gaming.

Creo Engine’s CreoPlay ID Wallet: A Cornerstone of Innovation

Another innovative new product from the initiative is the CreoPlay ID Wallet. The wallet is currently operational and continuously evolving. The product offers the Creo Engine ecosystem a simplified and user-friendly solution.

Unique Features of Creo Engine’s CreoPlay ID Wallet

1. Effortless onboarding:

The platform allows users to create a wallet using WhatsApp, Telegram, or email. This feature ensures an effortless entry for all users.

2. Unified ecosystem access:

Players can access all games on the CreoPlay Bot. Users can also access the larger CreoPlay platform with a single CreoPlay ID.

3. Management and redeeming rewards:

Points gained via the CreoPlay Bot are tracked in the wallet. Users can choose to exchange their points for $CREO tokens or fiat money.

4. Advanced security:

The wallet is built using Xellar technology. This makes for robust security for all transactions and asset management.

The CreoPlay ID Wallet plays a central role in Creo Engine’s ecosystem.

Creo Engine: Pioneering the Future of Web3 Gaming

Creo Engine continues to push the boundaries of Web3 gaming. The project has experienced stellar growth in a short time. The launch of the new products is a testament to its promise of making Web3 gaming a worldwide phenomenon.

To learn more about Creo Engine, visit their website, X page, and CoinMarketCap page.

DISCLAIMER: THIS IS A SPONSORED POST

In an exclusive interview, Riccardo Sibani unveils the strategic vision driving My Neighbor Alice, a blockchain-powered MMO that’s setting new standards in Web3 gaming. From winning Binance’s Project of the Year to developing user-generated content tools, Sibani shares insights on creating sustainable blockchain games that prioritize player experience over technological complexity.

Ishan Pandey: Hi Riccardo Sibani, welcome to our ‘Behind the Startup’ series. My Neighbor Alice achieved remarkable success early on, becoming Binance’s 2021 Project of the Year. How has this early recognition influenced your strategic decisions and vision for the project’s growth?

Riccardo Sibani: Receiving Binance’s Project of the Year award early on was both an honor and a catalyst for our strategic direction. It showed us there’s a strong community excited about seeing Web3 technology expand into the gaming space. This recognition has underscored our commitment to give power to the players. Every step we take—whether developing user-driven governance or decentralizing gameplay—is guided by the idea that players should have a real stake in the game. The early support reinforced our vision and helped us take more ambitious steps in making a fully decentralized, community-owned world possible.

Ishan Pandey: The gaming industry has seen many blockchain projects come and go. How does My Neighbor Alice’s business model ensure long-term sustainability while maintaining the balance between gaming enjoyment and blockchain integration?

Riccardo Sibani: Long-term sustainability in Web3 gaming is indeed a challenge, especially as the hype has settled. Our approach has been to prioritize an enjoyable and immersive game that just happens to use blockchain, rather than creating a blockchain-focused product with gaming elements. We focus on quality gameplay first—delivering value through a game players genuinely want to spend time in. Blockchain technology then works behind the scenes to give players more control, from real ownership of assets to participation in governance. By keeping the blockchain elements seamless and focusing on delivering tangible gaming experiences, we can sustain engagement and retain players for the long haul.

Ishan Pandey: As someone who’s been in Web3 since 2016, could you explain the technical challenges of creating a fully on-chain MMO game, and how Chromia’s blockchain specifically helps overcome these obstacles?

Riccardo Sibani: Developing a fully on-chain MMO game has been a highly technical journey with challenges at every corner. Blockchains are inherently designed for transparency and decentralization, but they also bring limitations in terms of speed, scalability, and user experience. Chromia helps address these limitations by offering a unique infrastructure optimized for gaming, combining relational databases with blockchain technology. This lets us manage complex data interactions needed for a game like My Neighbor Alice without sacrificing speed or player experience. Chromia’s structure allows for a decentralized, player-owned game without the usual frictions, enabling us to provide a seamless MMO experience fully on-chain.

Ishan Pandey: User-generated content tools are a significant upcoming feature for My Neighbor Alice. What technical considerations went into designing a system that allows non-technical users to create blockchain assets intuitively?

Riccardo Sibani: User-generated content on the blockchain is a massive step forward for decentralization, but we knew it had to be user-friendly for everyone, regardless of technical know-how. The primary goal was to make it feel just as easy as creating or trading items in traditional games. To achieve this, we focused on building intuitive interfaces and simplifying the complexities of blockchain transactions. This way, our community can focus on creativity, while we handle the tech in the background.

We’re currently working on some different upcoming features that we also believe will make a big impact on the non-technical users. Next year, our game will be available on all devices, allowing you to jump in and play with just one click. Becoming cross platform and lowering the entry barriers to the game will also have a positive impact on the community. There are many news stories like a brand-new in-game economy and token system, designed to make your experience even more engaging, and a partnership with one of the biggest IPs in the industry—though we can’t reveal details just yet. But all of it will for sure empower a better experience for the players.

Ishan Pandey: From your experience transitioning from traditional blockchain development to gaming, what are the unique technical hurdles in creating a seamless Web3 gaming experience that appeals to mainstream users?

Riccardo Sibani: The biggest hurdle is reducing friction. Traditional gamers expect seamless, fast experiences, while Web3 gaming often involves steps like setting up wallets or dealing with transaction fees. We’ve addressed this by developing a streamlined onboarding process and ensuring that in-game transactions are as straightforward as possible. Overcoming these technical challenges is essential to delivering an experience comparable to mainstream games. Our ultimate goal is for players to forget they’re even interacting with blockchain technology—letting the gameplay speak for itself.

Ishan Pandey: The game draws inspiration from Animal Crossing while adding blockchain features. How do you maintain the delicate balance between familiar gaming elements and innovative blockchain functionality without overwhelming players?

Riccardo Sibani: Our approach has been to keep the core gameplay fun, friendly, and familiar while embedding blockchain features that genuinely enhance player agency. For example, rather than making blockchain the focal point, we integrate it in ways that naturally fit into the game’s world, like asset ownership and marketplace interactions. Players can still enjoy the game like a classic MMO, and blockchain features remain accessible without being intrusive. This balance allows us to introduce blockchain technology in a way that feels complementary rather than disruptive, giving players full control without compromising gameplay.

Ishan Pandey: Looking ahead, what developments in blockchain gaming excite you the most, and how do you see My Neighbor Alice evolving to embrace these future opportunities?

Riccardo Sibani: I’m thrilled by recent developments in blockchain gaming—frictionless games, empowering in-game economies, and flourishing communities collaborating. It will be a new genre. I’m most excited about the collaboration between projects, where communities, interoperability, and open-source converge, enabled by Web3. As My Neighbor Alice, we totally believe in this and will deliver something significant very soon.

Ishan Pandey: Thank you for your time and insights, Riccardo!

The convergence of decentralized finance (DeFi) and traditional finance (TradFi) we are witnessing today was not a foregone conclusion. Initially, traditional financial institutions viewed decentralized upstarts with frosty skepticism, as much of the formative DeFi narrative focused on disrupting legacy players. But over time relations warmed and the two explored greater opportunities for cooperation.

Today both financial sectors are hyper-focused on the practicalities of bridging centralized and decentralized systems and a robust infrastructure layer is emerging, opening the door to greater institutional participation onchain. A number of web3-native companies are driving this trend, creating the AWS-like infrastructure for institutional adoption to accelerate.

The success story of Amazon’s retail empire is commonly known, but the tale of AWS is less familiar despite being arguably even more transformative.

How AWS Changed Everything

In the early noughties, Amazon CEO Jeff Bezos noted his software engineers were continually facing the same sticking points in each development cycle as Amazon’s retail empire scaled and new features rolled out. Engineers’ time and effort were wasted developing the infrastructure layers and storage systems rather than the feature itself.

The solution was to build a common infrastructure layer. From 2003 to 2006 Amazon set about creating its web services business, and cloud computing was thrust into the mainstream.

For its clients, AWS and its cloud computing services ushered in a new era of on-demand scalability and cost efficiency. Before AWS, each online business or service would need excess (and often redundant) computing capacity to meet peak demand. Now, that same operational requirement could be outsourced. AWS proved highly scalable and reliable, supporting clients with a comprehensive and powerful suite of service tools.

Applying the AWS Model to Web3

Trading protocol Orderly Network is among the projects making inroads in TradFi. Built on NEAR initially before going omnichain, it operates as a backend service across decentralized platforms, with deep liquidity and powerful trading tools. Its key features include Orderly Omnichain, an institutional-grade order book supporting all major EVM chains, and Orderly Omnichain SDK, a toolkit empowering developers to access Orderly’s APIs, account management capabilities, and smart contracts.

Fireblocks is another leader in the space, providing applications and tools for developing crypto payment solutions. Its treasury management system employs a direct custody model so users retain control. It also streamlines settlement and automates workflows, eliminating the need for repetitive manual approvals.

Elsewhere, the trading infrastructure built by Talos enables the safe, secure, and seamless trading of digital assets, while Copper offers prime brokerage, collateral management, and custody services.

Empowering Institutional Investors to Do DeFi

DeFi now offers institutional investors the same high-tier functionality available in traditional finance. For instance, security is woven into Fireblocks’ infrastructure. Transactions can be screened in real-time according to adaptable compliance policy rules, allowing each Fireblocks client granular compliance control. AML is served by Know Your Transaction (KYT) protocols preventing interactions with risky wallets.

Trading platform Talos offers advanced risk management across spot, perp, futures, and options markets. Orderly Network offers deep liquidity pools with support from professional market makers. Since launching in 2022, it’s supported $65 billion in transactions via its decentralized liquidity layer.

Meanwhile, Copper prioritizes security by adhering to international standards including NIST Cybersecurity Framework, ISO 27001, and SOC2. The protocol is further supported by a 24/7 operations center and the joy of regular penetration testing.

Bridging TradFi and DeFi

Thanks to the efforts of institutional-grade platforms such as Orderly Network, Fireblocks, Talos, and Copper, it is now increasingly possible to integrate decentralized and traditional financial systems.

Hybrid CeDeFi protocols, where CeDeFi means a blending of centralized and decentralized systems, make it possible to work with traditional and crypto assets simultaneously. And since DeFi now provides backend solutions incorporating comprehensive APIs and SDKs, the platforms built upon them can have granular customization options. 

Comprehensive DeFi Infrastructure

A comprehensive DeFi infrastructure is closer today than ever. Orderly Network’s shared order book technology incorporates liquidity from multiple sources, offering liquidity deep enough to support spot and perpetual future markets. This backend solution now supports at least 17 independent decentralized exchanges. 

While Orderly Network offers deep liquidity, multichain solutions such as Axelar and LayerZero solve decentralized fragmentation by enabling cross-chain transactions, and market-making tools including 0x Protocol offer powerful APIs to secure settlement of digital assets in web3. Combined these systems create a comprehensive DeFi infrastructure to usher in institutional adoption.

The success of these platforms can be measured by the institutions leveraging them. Talos is integrated with 60 service providers worldwide including CME, Cboe, Binance, Coinbase, and Cumberland. Fireblocks is used by Temenos, Avaloq, and FIS. Copper powers services for State Street Digital and the hedge fund Promontory Technologies.

While DeFi has entered the institutional fold and vice-versa, decentralized solutions still retain a unique flavor that sets them apart. DeFi remains highly accessible, borderless, cost-efficient, and transparent thanks to blockchain technology.

Challenges in Institutional DeFi Adoption

TradFi may be moving to embrace decentralized systems, but challenges still need to be met. Due to the decentralized nature of blockchain technology, questions about regulation and compliance have had to be answered. Traditional KYC and AML solutions are not so easily applied to DeFi, necessitating innovative new solutions.

The lack of intermediaries in blockchain also increases the risk profile. Banks and other centralized financial services have customer safety features, allowing them to query and reverse transactions, while DeFi transactions are permanent. Historically, DeFi has lacked these guardrails and oversight.

Lastly, decentralized systems introduce new complexities and fragment liquidity across blockchains. To truly integrate into the TradFi world these problems need solutions.

The Future of Institutional DeFi

Institutional involvement means DeFi is now a credible force in finance. As decentralized infrastructure’s integrity, reliability, and robustness have improved, it has become more trustworthy.

This encourages further institutional involvement, resulting in a positive feedback loop. With institutions now actively engaging in DeFi, further expansion into decentralized systems is inevitable.

There are still some regulatory hurdles for DeFi to leap, but there are promising signs here too. Thanks to significant lobbying efforts of the industry during the U.S. presidential election, a more favorable political climate is beginning to emerge in North America. If this leads to a lighter-touch regulatory environment as many expect, innovation and competition in the space will also increase. 

DeFi is now at a key stage in its evolution as decentralized protocols mature. A number of projects have emerged to provide AWS-style services that will elevate the onchain landscape to new heights and support greater institutional adoption.

The crypto market is buzzin’, y’all. Injective and Algorand might be scoring some wins, but there’s a fresh player stealing the show—Qubetics ($TICS). With presales heating up, analysts say it could turn early adopters into bona fide crypto rockstars. But hold up; let’s not sideline Algorand (ALGO) and Aave (AAVE), which are both making strong moves to end 2024 on a high.

So, what makes Qubetics the best altcoin to buy today? Let’s just say it’s not your typical presale hype. This game-changer promises to tackle the gaps left by older projects, bringing innovation with a twist of real-world practicality. Picture this: a decentralised VPN that’s a saviour for businesses and everyday folks alike. And yep, that’s just scratching the surface.

Qubetics ($TICS): The Future’s Web3 Aggregator with Mind-Blowing ROI Potential

Qubetics is making waves as the world’s first Web3 aggregator. It’s already sold over 198 million $TICS tokens during its presale, raising $2.6 million from 3,100+ holders. At $0.0233 per token, this baby’s in its ninth stage, and prices are set to climb to $0.0257 soon. Word on the street? $TICS could hit $15 post-mainnet launch. That’s a jaw-dropping 64,044% ROI. Wild, right?

But let’s not just talk numbers; let’s talk use cases. Ever struggled with VPNs? Qubetics decentralised VPN (dVPN) is here to revolutionise how we protect our online selves. Imagine working remotely without fretting over hackers or data breaches. Your connection’s safe, fast, and encrypted, all while bypassing region locks. Now think bigger—businesses securely share sensitive data across teams without shelling out for clunky corporate VPNs. That’s Qubetics’ magic.

Take John, a freelance designer, constantly hopping between co-working spaces. He needs a connection as reliable as his morning coffee. Enter Qubetics’ dVPN, which not only gives him top-tier security but also keeps his work anonymous, no matter where he plugs in.

And let’s not forget the investment potential. Dropping $1,500 on $TICS right now? That’s 64,376 tokens. When the presale ends and $TICS hits $0.25, you’re already sitting on $16,094. But if it skyrockets to $5? Boom—$321,880. And a $15 post-mainnet price? You’re now staring at $965,640. If that doesn’t spell FOMO, I don’t know what does.

Algorand (ALGO): Decentralisation Done Right

Algorand’s been quietly hustling, focusing on incentivising consensus. Its shift to a peer-to-peer gossip network is more than tech jargon—it’s a move toward true decentralisation. For crypto enthusiasts dreaming of a fully autonomous network, ALGO’s setting the bar.

This year, ALGO’s climbed 67% in value. Sure, it’s had some ups and downs, but that’s just the crypto rollercoaster. As 2024 winds down, long-term holders are grinning. With broader adoption on the horizon, thanks to its secure and scalable platform, ALGO is turning heads among institutions and retail investors alike.

Picture ALGO is becoming the go-to blockchain for green tech startups. Its carbon-neutral status isn’t just a PR stunt; it’s a real commitment. Imagine an app powered by Algorand that tracks your home’s solar energy usage. That’s where this blockchain’s heading—making life simpler, cleaner, and, let’s face it, cooler.

For those stacking ALGO, analysts are bullish for 2025. They’re projecting a significant uptick as more developers and businesses jump on board. If you’re searching for the best altcoins to buy ahead of December 2024, Algorand might just be your eco-friendly ticket.

Aave (AAVE): Lending Green and Loving It

Aave’s had its share of drama, but the DeFi darling is bouncing back. The lending protocol, known for letting users borrow and lend crypto without middlemen, has been flexing its muscles. Aave’s V3 update earlier this year is turning heads with better cross-chain features and lower transaction fees. Translation? More bang for your buck.

Right now, AAVE is riding the green wave thanks to broader DeFi adoption and its reputation for innovation. It’s becoming a staple for crypto veterans and newbies alike. Wanna lend out your stablecoins and rake in some passive income? Aave’s got your back.

But here’s the kicker: Aave’s pushing beyond just lending. With integrations in real-world finance, imagine using AAVE to lock in a loan for your dream Tesla. No credit checks, no nosy bankers—just you and the blockchain. That’s the kind of disruption Aave’s bringing to the table.

Price-wise, analysts are optimistic. They’re pegging AAVE for steady growth as DeFi continues to expand. Sure, it might not have the 64,000% ROI hype of Qubetics, but for a steady and reliable altcoin, Aave’s making all the right moves.

Final Thoughts: Which Altcoin Deserves Your Bet?

The year’s closing with a bang and the best altcoins to buy ahead of December 2024 are lighting up the charts. Whether you’re eyeing Qubetics’ groundbreaking dVPN, Algorand’s eco-friendly decentralisation, or Aave’s DeFi dominance, there’s no shortage of potential.

Still, if you’re all about those moonshot gains, Qubetics is the no-brainer. Its presale success, innovative use cases, and jaw-dropping ROI projections make it the altcoin to watch. Don’t sleep on this one—$TICS prices are rising this weekend.

Ready to dive in? Secure your $TICS tokens before the price hike and ride the wave of the next big thing in crypto. The clock’s ticking—are you in or out?

For More Information:

Qubetics | Telegram | Twitter 

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The YGG Play Summit showcased the Philippines’ growing role as a key player in web3 gaming. Industry leaders and innovators gathered to discuss the latest developments in gaming and blockchain technology, emphasizing the country’s potential to lead this emerging field.

Gabby Dizon and Beryl Li, co-founders of Yield Guild Games (YGG), highlighted how web3 adoption in the Philippines is opening doors for global opportunities. 

“The next billion users of web3 will come from emerging economies like the Philippines,” said Dizon. He also introduced YGG’s Onchain Guilds, developed on Base, a blockchain platform, as a pivotal step in this growth.

Crypto market analysis today: 

• The aggregate cryptocurrency market capitalization shrank by 1.45% on November 14, reflecting a $42.6 billion dip. 
• In the last 24 hours, 170,878 traders were liquidated to the tune of $485.13 million, per Coinglass data
• With $360 million long positions liquidated, bull traders have booked over 61% of the daily timeframe losses on Thursday.