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Nigel Token Wants to Right a Wrong in a Big Way �����������������������������������������������������������������������������
Crypto Weekly
The Nigel token is dedicated to those who have been scammed, scammed, or had their rug pulled in the crypto world. The Nigel project was created by ten crypto-enthusiastic friends who were scammed by a scammer they all knew as Nigel. After the carnage, they got together and decided to launch their own legitimate project and name the token after the person who brought them together under those unfortunate circumstances. Although it started out as a joke, the goal of the retributive campaign became to show that dedicated, transparent developers behind a simple and straightforward project can outperform con artists.
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Nigel's is a community-driven token that aims to make the crypto space safer due to efforts made as a collective. The BSC space has become ubiquitously known for its scams. The Nigel community believes that the best way to mitigate scams or frauds is to educate new and inexperienced users through engaging content. They all plan to work towards
this goal by creating crypto educational media and content and highlighting legitimate crypto projects.
The initial liquidity pool tokens have been burned to create a safe and legitimate token, so liquidity can never be stolen or removed. The maximum wallet size is two percent of the token's supply to avoid large whale holdings, and the max transaction limit is one percent to prevent large dumps of the token. Six percent of rewards are paid out to holders in the form of BUSD, and three percent contribute to the token's liquidity pool. Two percent is allocated to fund the marketing and development of the token. These funds will promote the token, grow the community, and develop crypto safety education applications. The marketing wallet balance is visible and on display to our holders, ensuring developer transparency throughout the project's growth and evolution.
Nigels is working for our holders twentyfour hours a day with developers from all areas of the world. The potentially damaging variable is mitigated of having a single lone wolf developer incorporating a motivated and dedicated team. This will ensure that there is always a team member available day or night with any concerns or questions. The team pledges to be active daily with the community and help grow the coin forward as a team while listening to the community about ways to evolve the project further. The team believes that it can create a social movement in the BSC space to come together as crypto aficionados and work towards the betterment of the ecosystem.
Plans for the Future
Nigels is beginning its media content journey with Radio Nigel's flagship production. Wielding the tools of a digital generation, the initial entry is coming to the podcast space. The first series, Nigelcast, highlights up-andcoming crypto projects and provides an engaging and enlightening experience.
Nigels plans on building an entire ecosystem of content and media with a strong focus on crypto safety education. The team believes that the first line of defense from being a scam victim is to be armed with knowledge. The team plans to develop a crypto education curriculum platform utilizing a "Learn to Earn" model and emphasize safely navigating through the space as a new crypto investor. This will help to ensure that fewer investors will fall prey to scams, as they learn to spot potential red flags or warning signs before investing in a project.
Crypto Weekly
Taking a multi-chain approach to crypto with DeFi and NFTs -
Nansen Report
Nansen, a blockchain analytics platform, released a report on the state of the crypto industry showing cryptocurrency has gone multi-chain, with attractive yields and digital collectibles. As a result of the analysis, Ethereum, with its firstmover advantage, remains the biggest blockchain by TVL and market cap. Uniswap consumed more than 30% of the gas consumed by the top 20 entities on Ethereum.
Various Layer 1 and Layer 2 blockchains have come up with innovative solutions to blockchain scalability, security, and decentralization problems, as they compete for market dominance. Among other supported blockchains, the following statistics were noted: While Polygon facilitated 300% more transactions than Ethereum, the daily gas fee in US dollars is often less than 0.5% of Ethereum's. From all L1s, Binance Smart Chain had the most daily active addresses. In November, the daily transactions on BSC reached 1,345% of Ethereum's Fantom Foundation announced a 370m FTM grant program and the daily address count on Fantom increased 440%, while TVL went from approximately $1bn to $6bn.
According to TVL, DeFi grew 1,120% in 2021
Despite DeFi's meteoric rise in 2020, the momentum continued into 2021. He noted that DeFi had grown 1,120% in terms of revenue and stickiness due to the maturity of stablecoins and the reliability of battle-tested dApps. In the stablecoin value distribution, whale wallets with over $1m accounted for more than 50%. By 2021, stablecoin volume is expected to increase steadily. The United States Department of Defense's dominance has been eroded by increased regulatory scrutiny in 2021. USDC finished second in Ethereum's stablecoin market cap behind USDT in 2021, indicating it has become the preferred stablecoin for decentralized trades.
The world has taken notice of NFTs
NFTs began to be used as twitter profile pictures by famous celebrities such as Stephen Curry and Jay-Z after CryptoPunks and Bored Ape Yacht Club broke through. During the year, two peaks were recorded, one in late May and one in late August. On August 29, sales volume reached an unprecedented 132k ETH ($422m). A total of 17 billion dollars' worth of ETH was sold on the market in 2017.
"As more institutions explore the crypto market, crypto lending and options are expected to see increased adoption by institutions," said Alex Svanevik, cofounder and CEO of Nansen. Although few companies will hold BTC directly on their balance sheets like Tesla or MicroStrategy, the possibility of paying with cryptocurrency could finally make it mainstream," he said.
Crypto Weekly
Bitcoin and other cryptocurrencies are gaining traction as well as facing new scrutiny. Can they be trusted?
With plenty of drama along the way, cryptocurrencies are finally growing up, like a teenager forced into adulthood. The Biden administration is reportedly considering further regulation of digital currencies - a move that would rein in their renegade image. In another sign that crypto is becoming mainstream, investors have noticed that cryptocurrency's price gyrations seem to correlate with tech stocks' milder ups and downs. It is contrary to the image of crypto as cutting its own path, without relation to stock markets or governments. It may not be a coincidence that crypto and stock prices are closely aligned at the same time traditional financial institutions are promoting digital assets more, not opposing them anymore.
Crypto's role
Crypto supporters say the technology needs time to mature. The public isn't sure what to make of blockchain assets and crypto, so coins are traded in rough tandem with markets, according to Ted Jenkin, a certified financial planner and CEO of oXYGen Financial. "Over time, it will become an uncorrelated asset," departing from the markets.
Bitcoin, like other cryptocurrencies, is synonymous with price volatility and a difficult asset to understand. Unlike stocks, Bitcoin is rarely spent on things such as goods or buildings and equipment that are based on underlying assets. Because crypto buyers can be anonymous, crypto has been the preferred method of exchange for ransomware attacks and other criminal activity. Earlier this week, Senator Dianne Feinstein, D-Calif., urged federal agencies to report on how they track cryptocurrency use in drug and human trafficking.
Investors lack protection
Some believe cryptocurrencies could be subject to price manipulation through
Crypto Weekly
spoofing despite little government oversight. Spoofing involves large trade orders that are placed without the intention of fulfilling them, hoping to move the price by drawing trades from other investors. But cryptocurrency transactions continue to increase. Cryptocurrency tracking site CoinGecko reports that it is tracking the prices of 12,388 cryptocurrencies with a combined market cap of $1.82 trillion as of Sunday. Bitcoin has 40% of the market, followed by Ethereum at 17%. Considering the amount of investment in crypto and the potential impact its swings may have on the economy, the Biden administration is reportedly considering new regulations that could bring some order to the chaos.
Bloomberg News recently disclosed that the Biden administration is preparing an executive order that could be released as soon as February, requiring federal agencies to look at their potential risks and the opportunities for cryptocurrencies. In December, it also reported that U.S. Sen. Cynthia Lummis, R-Wyo., is preparing legislation around cryptocurrency.
Regulating cryptocurrency could provide new underpinnings that increase its popularity. Jenkin said regulation is equivalent to validation. "If cryptocurrency is regulated, it validates that it is an asset that everyone should own."
Sceptically eyed
However, governments around the world have generally viewed crypto suspiciously. El Salvador, the first country to adopt Bitcoin as legal tender, received a warning from the International Monetary Fund that its decision was ill-advised. "Bitcoin poses a significant risk to financial stability, financial integrity, and consumer protection, as well as associated fiscal liabilities," IMF said last week.
Cryptocurrency has been heavily supported by young investors. The digital nature of crypto makes it even more appealing to a generation without smartphones and the Internet, says Nick Casares, head of product at PolyientX, a platform for nonfungible token (NFT) projects. The NFTs, which allow users to purchase digital assets, are often associated with cryptocurrencies.
Crypto presents a more comfortable way to manage personal resources for young people who are used to everything being digital and tied to an app, Casares said. As crypto matures, Casares predicts that it will "fall in line as a subsection of the financial sector" and be less correlated to stocks.
Crypto Weekly
Do you have any questions about NFTs or the Metaverse?
You could profit from hot trends in the crypto economy with these digital assets. The key points
A staggering $41 billion was spent by consumers on non-fungible tokens (NFTs) in 2021.
In a decade, the metaverse could be a multitrilliondollar industry.
Non-fungible tokens (NFTs) are crypto-assets that enable real and digital assets (such as artwork) to be stored on a blockchain. Investors have been attracted by this utility. According to blockchain data provider Chainalysis, consumers spent $41 billion on NFTs in 2021. A metaverse is a network of immersive virtual worlds that allow users to interact with their environment and with each other. It combines entertainment, gaming, and commerce.
The NFT fits perfectly into this technology. In the metaverse economy, this will be critical to proving ownership and authenticity of assets. The metaverse is expected to become a multitrillion-dollar industry over the next decade, driving consumer demand for NFTs. Several cryptocurrencies fit the bill perfectly for investors looking to cash in on those trends. Here are two great examples.
Crypto Weekly
1. Decentraland
Decentraland (CRYPTO:MANA) is a decentralized application (dApp) running on the Ethereum blockchain. With the MANA token, gamers can enter a virtual world. Players can buy and sell digital parcels of land in the marketplace, each with unique coordinates and wearable items like clothes, accessories, and body features for their avatars. MANA always funds transactions, and ownership of any item is represented as an NFT.
Players can interact with other avatars in the virtual world and monetize their digital land in addition to developing 3D content, playing games, and using other applications. In short, Decentraland is a kind of precursor to what the metaverse might become -- it's easy to imagine the platform becoming part of a larger network of virtual worlds in the future. It's still a good time to be excited, though. Based on OpenSea's transaction volume figures, Decentraland is the third most popular NFT collection in the world. Due to the excitement surrounding NFTs and the metaverse, it seems likely that MANA demand will increase as users become more enamored of Decentraland. Since the supply is fixed at 2.6 billion tokens, rising demand should increase the price. Because of that, this cryptocurrency could be a good long-term investment, especially now that the price has fallen more than 60% from its peak.
2. The Sandbox
The Sandbox (CRYPTO:SAND) is another Ethereum-based metaverse game that uses NFTs. Players can create and monetize in-game assets and experiences using the SAND token, which powers the platform.
VoxEdit is a modeling tool for creating and animating 3D objects such as people, animals, and scenery. On Ethereum, these objects are represented by NFTs. On the NFT marketplace, users can buy and sell 3D objects using the SAND token. The tokens associated with each block of land can also be used for transactions on the marketplace. In addition, Game Maker allows users to create monetizable games and experiences without using computer code. This is a set of drag-and-drop tools that are used to position 3D objects and implement gameplay mechanics.
The Sandbox has generated significant interest among the crypto community, ranking as the eighth-most popular NFT collection on OpenSea in the past month. Due to its easy-to-use interface, NFTs, and metaverse, the Sandbox is well positioned to attract more players in the near future. This should result in an increase in the price of SAND, which has a finite supply of 3 billion tokens. As the price of SAND is down roughly 60% from its high, it seems like a good time to invest in this digital asset.
Crypto Weekly
Here are three predictions from NFT insiders for 2022, ranging from character and IP development to subscription marketing
10,000 "Miss Masky" NFTs were released as Fox hopes fans will engage with the "Maskverse" platform.
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Hollywood creators and companies are using NFTs and blockchain technology.
Dick Wolf, the producer of "Law & Order," and the "Masked Singer" have moved into NFTs.
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From IP to storytelling, here are five ways to make the most of the NFT space in 2022.
Crypto Weekly
Many of the psyches of American television are influenced by the entertainment empire of Dick Wolf. There are currently entire evenings dedicated to his crime procedurals: three iterations of the "FBI" franchise on CBS on Tuesdays, the "Chicago" trilogy on NBC on Wednesdays, and "Law & Order: SVU" and its companion series on Thursdays.
This fall, Wolf Entertainment formed a partnership with NFT platform Curio to create "The Wolf Society" - a membership-based organization powered by non-fungible tokens. Hollywood is digging into the cyber asset, like Reese Witherspoon touting crypto on social media, CBS mining "SpongeBob" archives for NFT potential, and Fox releasing WWE and "Masked Singer" tokens. Some observers found the pairing of the 75-year-old producer and blockchain-based venture strange. . With the advent of NFTs in entertainment, like the 10,000 free "Miss Masky" collectibles Fox distributed through its "Maskverse," users will soon be able to collect, buy, and trade "Masked Singer" NFTs on Fox's Eluvio platform. "We intentionally made acquiring and onboarding easy and affordable," said Fox's animation studio Bento Box CEO Scott Greenberg. NFTs will generate revenue for Hollywood, not just act as a marketing tool; Fox has a $100 million creators' fund which it plans to deploy more widely by 2022.
Ben Arnon said in an interview with Curio that the NFT market offers new IP beyond digital art. Partners of the company include Universal Pictures and Fremantle. Anonymous Content and Shawn Mendes' joint venture Permanent Content optioned an NFT of the astronaut character Aku in April. "Our initial hypothesis was that we could attract mainstream consumers to the NFT space if we combined major IP with NFTs," said Arnon. Initially, we created NFTs that functioned as digital collectibles, and over time, we have added a lot more functionality."
Wolf Society, a series of fictional cold cases penned by TV writers and game creators, is "groundbreaking on multiple levels, both in terms of the NFT landscape and also the multiplatform storytelling landscape," Arnon said. Among the high-profile names involved in NFTs are Witherspoon, Tarantino, Grimes, John Cena, and Cara Delevingne (and her vagina-focused NFT) - though Bloomberg cautioned that celebfocused tokens tend to depreciate quickly. Tarantino's NFT plans for "Pulp Fiction" have hit a legal snag. Venture capitalist and Worklife founder Brianne Kimmel is pleased to welcome Witherspoon to the space as a starproducer who is friendly, approachable, and known for supporting female entrepreneurs and empowering women. The founder of Adam Bomb Squad is Kimmel, who is behind one of the NFTs Witherspoon picked up in December, which features a winking pink Madam Bomb Squad token.
Kimmel said she is excited to see women have a much stronger voice and to learn how NFTs can be used as an entry point to crypto. We can imagine that Witherspoon, whose Hello Sunshine production company is intentional about investing in IP that amplifies women's voices and opportunities, would see storytelling potential in these new assets.
NFT backers hope that the new assets will expand their reach and functionality as Hollywood explores the technology. "We are betting on mainstream adoption," Fox's Greenberg said. In the NFT world, there's a lot more utility, and composability. You have access to a physical location, digital content, or subscriptions if you own an NFT." He said, "We'll see how mainstream opportunities are used, and we'll see a lot more than just, 'What is this thing I have collected?'"
