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The Graph (GRT): Price Updates, Recent Developments, Future Events, Community

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The Graph (GRT): Price Updates, Recent Developments, Future Events, Community
The Graph (GRT): Price Updates, Recent Developments, Future Events, Community
  • Decentralized, open-source infrastructure protocol, The Graph, has allocated $1.5 million for the building of its ecosystem.
  • The Graph has also announced integration with Moonriver, Kusama’s biggest project.
  • The integration of The Graph into Moonriver will enable developers to build, publish and use subgraphs on the Kusama blockchain.
  • Arweave has also integrated The Graph’s tech into its systems for quicker and more efficient access.

The Graph is a decentralized, open-source infrastructure protocol designed to collect, process, and store blockchain data. The goal of the network is to bring reliable, decentralized, public infrastructure to the mainstream market.

The protocol enables the storage of collected and analyzed blockchain data into subgraphs, which helps to increase efficiency for developers working on their decentralized applications (dApps).

Since its launch on the blockchain, The Graph has come a long way, launching its mainnet in December 2020. So, how has The Graph performed in recent times?

The Graph (GRT) Price Updates

The Graph (GRT) is currently experiencing a significant downtrend after a strong period of recovery. After rising by more than 40% in 30 days, the GRT coin is currently retracing.

The 30 day price chart for The Graph (GRT). Source: Tradingview

The bearish momentum has seen GRT lose more than 5% of its value over the last 24 hours. As a result, GRT is currently trading at $0.90279, at the time of writing, from its monthly high of $0.9896. The Graph is ranked as the 43rd largest crypto, with a market capitalization of $4.19 billion.

Recent Developments and Future Events

While the native token of The Graph is experiencing a potent downswing, the project has continued to advance its developments. Keeping up with recent trends in the crypto space, The Graph has increased its support for Web 3.0, and has even ventured into the exploding NFT space.

By combining Web 3.0 protocols, developers can now build dApps with powerful new features on The Graph. To build on this momentum, The Graph Foundation allocated over $1.5 million more to its Wave3 grant project on October 14th. Waves 1 and 2 have so far allocated over $7.5 million to different projects.

The $1.5 million of Wave3 grant will be committed into fleshing out The Graph protocol, building dApps, and growing the community. The Wave3 grant has allocated $335k to community building, $230k to dApps and subgraph projects, $99k to tooling, and $98k to projects.

As the popularity of The Graph increases, Huobi has announced GRT to Crypto Conversion. Users can now directly trade the GRT coin against USDT on Convert, or buy GRT with their RUB/UAH/KZT/BRL balance.

On October 19th, The Graph announced its integration into the Moonriver network, further expanding its reach into the ecosystem. Moonriver is a layer 1 Ethereum-compatible parachain that is connected to the Kusama network. The integration of The Graph into Moonriver will enable developers to build, publish and use subgraphs in a Kusama-based environment.

Earlier this year, the Graph protocol announced integration onto Moonbeam (GLMR). According to The Graph’s developers, increasing compatibility with the indexing protocol was “one of the most commonly requested integrations in the Moonriver community.”

The Graph has also begun supporting Arweave in October. Arweave is a leading decentralized protocol that allows users to permanently and sustainably store data with a one-time upfront fee.

By integrating The Graph’s technology, Arweave will access indexed data from open APIs powered by The Graph, called subgraphs. These subgraphs will read data stored on the Arweave protocol, allowing for quicker and more efficient access.

Community

The Graph is a community-driven protocol that is not reliant on a single organization or team. Funds for projects on the network are raised by community members, strategic VCs, and influential individuals in the blockchain community.

Staying true to its title as a community-driven project, The Graph is one of the few projects with Town Halls. Members of the community can join these town halls for meetings, discussions, and updates on the network.

The technology behind The Graph has endeared people to the project. Members of the community are great believers in what the project stands for. One user, @K484L, wrote this about the project;

@CroissantEth, or the writer of crypto threads, shared his thoughts about The Graph;

DeFi enthusiast and GRT holder, @iMBitcoinB, remains bullish about the rest of the year. He tweeted;

@clintonbembryjr saw the potential of The Graph before most when he wrote;

On The Flipside

  • The Graph (GRT) has not lived up to the expectations of its community so far.
  • At the time of writing, the coin is down 68.75% from the ATH of $2.88 it recorded in February

Why You Should Care?

The Graph is an emerging project that has shown promising prospects. The Graph is especially useful for developers who, like Clinton Bembry, have praised its outstanding technology. As the demand for query services increases, the Graph looks on course to proffer decentralized solutions to developers.

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Cryptocurrency

ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

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ZCash surges 7% after Digital Currency Group CEO announces $85M purchase

Digital Currency Group CEO and founder Barry Silbert has purchased more ZCash to add to his company’s coffers as the price of the token moved above $240 for the first time in days.

In a Wednesday tweet to his more than 678,000 followers, Silbert announced the purchase of $85 million in Zcash (ZEC), or roughly 376,106 tokens assuming an average price of $226. The buy is just the latest for Silbert, who seems to be portraying himself as a contrarian in the crypto market — responding to negative comments on ZEC by purchasing millions more.

Source: TradingView

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy

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NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
  • Momento ecosystem shifts the P2E economy.
  • Unique gaming platform allows players to use various NFTs in their game.

Momento is an NFT and DeFi ecosystem that shifts the P2E economy. Their unique gaming platform allows players to use various NFTs in their game, not only offering lucrative opportunities for players but also use-cases for NFTs that currently don’t have one.

The gaming industry has always been forward-leaning when it comes to the adoption of any new technology. Most innovations in technology easily find use cases with gaming, be it the adoption of high-speed internet, mobile-first interactive gaming, virtual reality, augmented reality, and more. It comes as no surprise that the gaming sector is one of the primary adopters of cryptocurrency too, especially since crypto mining initially became popular because of gamers who owned GPUs. Even NFTs found applications within the gaming space.

When it comes to Web 3.0, gaming is again at the frontier of it. Web 3.0 and cryptocurrencies enable business models in gaming which wasn’t conceivable before. This is possible through the acceleration of the Play-to-earn economy.

The Need for a Paradigm Shift in Gaming

The accepted paradigm in the industry has been that gamers play just to have fun, leading to an industry with players more than willing to pay to play. However, the new perspective enabled by cryptocurrency is that players can not only have fun while playing, but it can be a lucrative investment opportunity too.

Play-to-earn games like The Sandbox and have become widely popular owing to their extraordinary economic system. In traditional games like The Sims, a player can buy in-game assets with an in-game currency. However, both the in-game asset and currency do not have any use in the real world. There is no infrastructure for the liquidity of these assets, but this is where blockchain technology solves this problem.

The essence of the P2E economic system is to ensure that playing a game can be profitable and that a player’s time spent playing a game is rewarded. People have an avenue to be able to make money playing games and have its value compound over time. By playing a game regularly, players can earn more items or tokens to sell and generate an income. Blockchain helps guarantee the nature of collectibility of these tokens. Through NFTs it can be ensured that these assets are non-duplicatable and scarce.

Each play-to-earn game’s mechanism can differ, but usually, the reward mechanism comes in the form of staking, farming a game’s currency, or generating tradable NFTs. Although numerous online games exist with a fiat-based auction or secondary markets, the critical difference with P2E on cryptocurrencies is through the properties of the blockchain. It creates in-game economies and business models with blockchain’s inherent properties of provable ownership, legitimacy, and rarity.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Cryptocurrency

Cointelegraph Consulting: Gaming tokens usher in altcoin season

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Cointelegraph Consulting: Gaming tokens usher in altcoin season

While remains in a cool-off period after thrusting to its all-time high in early November and the decentralized finance (DeFi) sector in an apparent dry spell, gaming tokens seem to have taken the spotlight as massive gains are seen across the industry.

The Sandbox’ SAND captured headlines as it spearheaded the enthusiasm for gaming tokens, with over 340% gains in the past month. Another one is GALA, with a similar 300% rally in November. Such coins, including those under the metaverse sphere like Decentraland’s MANA and Illuvium’s ILV, gained momentum after Facebook’s rebranding to Meta, suggesting that gaming tokens could be preceding a new altcoin season.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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