TL;DR

• Follow the Hustle and the Nexus Twitter accounts for the latest news.

• Web3 gaming news: DUPER x Abstract, Azra raises $42.7M, Soneium Spark Program, PiP World raises $10M, Oxalis Games raises $2M, Aethir Cloud $100M Ecosystem Fund, Virtuals Protocol: Pump.Fun for AI Agents, and more.

• Macro news: Grayscale ETF, Tesla moves BTC, Avalanche AVAX buyback, Q: Into the Storm, SUI Foundation allegations, and more.

🎮 Web3 Gaming and Tech

• DUPER announces they are joining the Abstract Chain

  • It’s a FOCG, described as “Poker meets Catan with a twist of Diplomacy”

  • DUPER is one of the first few games that has been announced to join the chain, Onchain Heroes is another game that joined recently

• Azra Games announced they raised $42.7M in a Series A led by Pantera, with participation from A16Z and NFX

  • The team is developing a mobile MMORPG, called Legion Legends

  • With this third funding round, they raised $68.3M in total

• Takedown Legends is now available worldwide on IOS and Android

  • It’s a top-down shooter x MOBA, powered by the Animoca-backed SNACK builds

• The co-founder of Immutable announces that their zkEVM is open to all developers - permissionless

  • The zkEVM has accumulated 3M Passport signups in less than 6 months

• Soneium announces the first winners of the Spark Program, wherein 32 out of 1700 applicants were chosen

  • Out of the 32 winners, 10 are games/gaming-related

  • Games that won include Arcas Champions, Derby Race, Evermoon, Flip Gacha, Legends of Venari, Moonray, PGA Tour Rise, Overtrip, and Spot Zero

• PiP World announced they raised $10M in a seed round

  • A little while ago, the studio bought the largest stock simulator game inside of Roblox

• Infinigods further explains the utility of the upcoming GOD VAULTS

  • After the mint in Q4, players will be able to stake the Vaults for GOD tokens, and level them up to increase their yield and “power”

• Oxalis Games, the devs of the life sim Moonfrost announced they raised $2M

  • The funds will be used to continue the development of the game

• Dragonz Land announced they received $9M in strategic equity investment

  • Dragonz Land is a TCG that plays inside of Telegram

• MAYG launched their meme coin UNCHI on XAI Games

• Aethir Cloud announced a $100M Ecosystem Fund

  • The first phase of this Fund, the Aethir Catalyst, focuses on AI and Gaming products

  • Additionally, this phase includes the already announced funds in partnership with XAI and XPLA

• The mobile dungeon-based roguelite, Loot Legends, officially launched

  • The game is published on the HYCHAIN (by HYTOPIA) and started its P2A campaign as well

• Virtuals Protocol launched the Pump.fun of AI Agents

  • On the site, players can buy, trade, and create AI Agents

  • Currently, LUNA is the most successful agent, which has a market cap of $8M+

🚀 Nexus V1 Alpha Launch

Welcome to edition #49 of the Nexus Power Up Newsletter. The free version of Nexus is now accessible, without logins.

You can try the free features (game database, crypto market overview, and token and NFT charts) of the platform without having to log in 👇

You can also get access through:

• Getting a Nexus Pass NFT now for exclusive lifetime access

Don't miss out—follow our journey on Hustle's Twitter, YouTube channels, and Nexus Twitter.

📈Macro Cryptocurrency News

• Grayscale Investments has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to transform its mixed-crypto fund, which includes tokens like Bitcoin, Ethereum, Solana, XRP, and Avalanche, into an exchange-traded fund (ETF).

• Tesla has moved its entire Bitcoin stash, valued at over $765 million. The company's 11,500 Bitcoin were transferred to unknown wallets in 26 separate transactions on October 15, as revealed by blockchain analytics firm Arkham Intelligence.

• The Sui Foundation has denied allegations circulating on social media that insiders sold $400 million worth of SUI tokens during the recent price increase.

  • The foundation stated that neither employees of the Sui Foundation nor Mysten Labs, including the founders of Mysten Labs, have engaged in such selling activities.

• The Avalanche Foundation has successfully negotiated a deal to buy back 1.97 million AVAX tokens from the bankrupt estate of Terraform Labs.

  • These tokens were originally purchased by the Luna Foundation Guard (LFG) in April 2022 to support the Terra ecosystem, which subsequently collapsed in May 2022. 

• Fidelity aims to disrupt the traditional money market fund landscape with its blockchain-based offering. 

  • The move comes as it seeks to streamline transactions and appeal to a broader investor base.

• Robinhood has expanded its offerings with the launch of a desktop platform and the addition of futures and index options trading to its mobile app.

  • The commission-free trading platform is now aiming to compete with traditional brokerages by offering a wider range of financial services to both individual and institutional investors.

• Three companies and 15 individuals have been charged with engaging in widespread fraud and market manipulation. 

  • The investigation involved the FBI creating a new digital token to aid in tracking criminal activity.

• Cullen Hoback, the filmmaker behind the new documentary "Q: Into the Storm," believes he has identified the real person behind the pseudonym "Satoshi Nakamoto."

  • The identity of Bitcoin's inventor has been a long-standing mystery, with significant financial implications due to the potential wealth associated with their early involvement in the cryptocurrency.

🌟Token Spotlight by Hustle

• Coin of the Week: XBORG

• Market Cap: ~$46M

• What is Xborg? Xborg is building a player identity protocol in partnership with esports teams such as Team Liquid, NIP, and TeamBDS. The XBORG ID serves as a gamer passport, allowing players to access unique experiences and earn rewards based on their online achievements—notably, XBORG only launched on DEXes.

• Delve into Hustle's market wisdom with his “Daily Watchlist” and deep-dive analysis available on the TTOO Discord server and through his “In the Game" show. 

✍️ NFT of The Week

• Pick of the Week: Mythic Seed

• Why Today the Game?

  • Well-experienced team, led by Michael O’Connor (ex-Nintendo)

  • High mindshare when it comes to the AI x gaming narrative

  • One of the strongest communities

  • The game has been in development for multiple years

  • Raised $5M in April this year

• Utility

  • Players stake to earn Fruits, which produce an island in the game

    • Additionally, staking will allow you to earn points, which will likely translate to some type of token allocation

• Catalysts

  • Mythic Seeds are a relatively inexpensive way to get exposure to Today, which is well-positioned to rise if the gaming market heats up again

• Counterpoints

  • The game is not close to completion yet and would take at least another year, if not multiple to be completed

Nexus Tweets

See you next week!