TL;DR

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

• Web3 gaming news: Fableborne x Ronin, $10M raise Mocaverse, Karrat Chain, Infinigods strategic round, Off the Grid All Stars Tournament, Animecoin, BreederDAO - Sovrun, E4C raises, and more.

• Macro news: Department of Government Efficiency, inflation comeback, BTC $100,000 Polymarket bet, Dune Echo, and more.

🎮 Web3 Gaming and Tech

• One of the best mobile Web3 games, Fableborne announces they are joining Ronin

  • Pixion, the studio behind the title has been working for years on this title, which is nearing its launch date

  • The long-awaited S3 of their P2A campaign is coming on Nov 20, with new rewards. This might be the last season before we see a token launch

• Animoca Brands raises $10M in additional funding for Mocaverse at a $1B valuation

  • The funds will be used to expand operations and scale its interoperable infrastructure layer

• Claynosaurz shows the progress of the game they have been working on, which will launch both on mobile and consoles

• Karrat, the studio behind My Pet Hooligan announces its expansion into a chain

  • Despite the news we haven’t seen the token move much this week, showing how little interest there is in gaming at the moment

  • Alex Becker commented on the announcement: “Karrat just went from a game token to a layer/infra token.”

• Faraway’s new game Rebel Skies is now playable on the app stores

  • The game is published in partnership with Yuga Labs

• Infinigods raises an additional $1.3M in a strategic angel round at an $80M FDV

  • Figures such as Seedphrase, Grail, and the co-founder of Moonray got involved

• RealGo is the most recent game that announced they’re building on Abstract

  • It’s a Pokémon GO-like lbs game, where players hunt memes and NFTs

• CoinMusme announced the former CEO of Square Enix joined their strategic round and became part of their advisory

• XAI Games announces Tollan Universe is joining their ecosystem

• Off the Grid is organizing a $600K ALL-STARS Streamer invitational, figures such as xQC, Imperial Hal, Scump, and LVNDMARK will participate

  • Furthermore, OtG launched daily Clash for Cash tournaments

• AnimeCoin announced they are launching their Discord soon

• LowLife Forms created the Citadel Syndicate account

  • This means they will likely start their token campaign soon

• BreederDAO evolves into Sovrun, shifting its focus to autonomous worlds and player-driven economies

  • To make this vision possible they have a $17M grant fund to support Web3 game economies

  • BreederDAO originated in 2021 and was one of the largest asset (NFT) producers in games such as Axie and Crabada

• E4C: Final Salvation announced they raised $10M in total funding

• Truflation has announced the introduction of the GameFi Index, a tool designed to monitor the performance of leading blockchain-based gaming tokens.

🚀 Nexus V1 Alpha Launch

Welcome to edition #53 of the Nexus Power Up Newsletter.

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

• President-elect Donald Trump announced Tuesday that Tesla CEO Elon Musk and Strive co-founder Vivek Ramaswamy will lead the Department of Government Efficiency, or “DOGE.”

  • As a result, Dogecoin’s ($DOGE) market capitalization has soared to over $60 billion.

• Inflation staged a slight comeback in October, defying hopes for a complete cooldown. The Consumer Price Index climbed to 2.6% year-over-year, up from 2.4% in September.

  • Core inflation, a key indicator of underlying price trends, held firm at 3.3%. These numbers were in line with market expectations. 

• After Bitcoin hit a new all-time high, the Polymarket prediction market for it breaking $100,000 this year surged.

  • This market has seen over $2.6 million in trading volume, with a 57% implied probability of Bitcoin reaching $100,000 in 2024.

• Following the launch of the first U.S. HBAR Trust, Canary Capital has taken a further step by filing for the first-ever HBAR spot ETF. 

  • This ETF aims to provide direct exposure to HBAR. This move signals growing interest in niche crypto assets within the ETF market.

• The bankruptcy estate of FTX initiated legal proceedings against Binance and its former CEO, Changpeng Zhao, seeking the recovery of $1.76 billion. 

  • The lawsuit alleges these funds were fraudulently transferred to Binance as part of a 2021 share repurchase transaction.

• ENS Labs is building a new layer-2 network called Namechain, set to launch in late 2025.

  • This network will use zero-knowledge rollups to speed up transactions and reduce fees on the Ethereum Name Service.

• Near Protocol has unveiled an ambitious plan to build the world’s largest open-source artificial intelligence model on the opening day of its Redacted conference in Bangkok, Thailand.

  • The 1.4 trillion parameter model would be 3.5 times bigger than Meta’s current open-source Llama model.

• Dune announced three major updates at DuneCon: Dune Echo, a new platform providing real-time blockchain data across 30 chains, the acquisition of a new company, and a new metric for tracking blockchain adoption.

  • Dune Echo offers the fastest APIs in the industry, with data updates within 300ms.

🌟Token Spotlight by Hustle

• Coin of the Week: PNUT

• Market Cap: ~$1.75B

• What is Peanut the Squirrel: PNUT is a meme coin that was created based on the passing of a famous domesticated squirrel. The token itself is often shilled by Elon Musk, mentioning “The election was saved by a squirrel”. Furthermore, the token recently got listed by Binance, which made its market cap go parabolic.

• 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. 

Nexus Tweets

See you next week!