Due to the failure of Bankman-Fried's crypto empire in November, the Securities and Exchange Commission (SEC) launched an aggressive campaign against major exchanges such as Binance and Coinbase. It might seem untimely for BlackRock to introduce a Bitcoin ETF after the crypto industry endured a challenging year in 2022 characterized by significant price declines. The advent of a regulated Bitcoin ETF would offer Wall Street a regulated and cost-effective avenue to enter the token market. Should the SEC grant approval to Blackrock's filing, it would have far-reaching implications, particularly for institutional investors. Their proposal involves Coinbase, a leading cryptocurrency exchange, undertaking market surveillance measures to support the ETF. The landscape shifted in June 2023 after Blackrock, a prominent investment management firm, filed for its first ETF. However, each filing has faced rejection from the SEC due to concerns over insufficient oversight in the largely unregulated Bitcoin markets, leaving them susceptible to manipulation. Over the past decade, numerous attempts have been made to establish a spot Bitcoin ETF in the US. The concept involves a company purchasing bitcoin, securitizing it, and subsequently offering it for sale or trade on a regulated exchange. Unlike traditional cryptocurrency exchanges, these ETFs are traded on established stock exchanges. However, whether it will be a game-changer or open Pandora's Box of challenges remains to be seen.įor those unfamiliar, a Bitcoin ETF is an exchange-traded fund that comprises Bitcoin or assets correlated to Bitcoin's price. The approval of Bitcoin ETFs in the US would mark a significant milestone for the sector. In recent weeks, the crypto industry has been anticipating the approval of a spot Bitcoin Exchange-Traded Fund (ETF). Website | Latest VR Trailer | Watch the trailer on YouTube nowĬontact details: Ash Hodgetts Email: Location: Dubai, United Arab Emiratesīitcoin ETFs: From Rejection to Redemption
With over 70 industry veterans from the United States, Canada, Australia, Europe & Asia and a wide network of world-class partners. Undeads was founded by Undeads FZE LLC, in February 2022. Undeads is also loaded with built-in entertaining VR games for true metaverse and virtual reality fans. Players are tasked with venturing into uncharted regions, establishing and guarding their own settlements, grinding for resources, constructing and enhancing their own gear, engaging in commerce, becoming skilled in trading, and developing their NFT characters. The conflict focuses on a struggle for resources between two opposing factions: humans and zombies. Undeads Web3 game has an isometric model with action-combat that takes place in a post-apocalyptic metaverse.
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Ultimately, Undeads aims to build a Web3 gamers community and player-driven economy full of engaging activities designed to create an ecosystem of engaged players and deliver the ultimate gaming experience that will exceed community expectations. Undeads is built to enable players to earn cryptocurrency while playing the game and interacting with others. Undeads is a next-generation survival MMORPG with a large selection of play-to-earn mechanics and over 10 types of playable NFT assets. These factors, combined with a dedicated and passionate community, demonstrate Undeads Metaverse's commitment to propelling Web3 to the forefront of the gaming industry. Additionally, the highly anticipated Undeads Runner, inspired by Yuga Labs' Dookey Dash, enables NFT holders to earn rewards on their Undead NFTs ahead of schedule, further enhancing the value proposition.
Furthermore, the collection features an exclusive set of legendary zombies, which are unveiled when the holder opens a mystery box, adding a sense of rarity and excitement. Firstly, the Undeads Metaverse distinguishes itself with its high production quality, ensuring a visually captivating and immersive experience for users. This extraordinary success can be attributed to several key factors. As of the time of this publication, the floor price for Undeads Mystery Boxes NFTs has surpassed 0.4272 ETH, a significant increase from the original 0.08ETH at the close of the sale. Following an impressive initial mint that generated $1M USD in sales, the floor value of the Undeads NFT collection has experienced triple-digit growth. Undeads Metaverse stands out as an exceptional performer among web3 GameFi projects, defying industry norms.
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