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RE: Week through Adrian's Lenses (11 - 17 December 2023)

in LeoFinancelast year

The GO daily quest is a very nice sink for Shard and gives it a use case and burn.

Yes, the SHARD use case was necessary and I believe quests are a good way to keep people playing.

It is nice to see WOO finally starting to make their move, together with the belts in the conventions.

It was about time for them, too.

Immortal Creed just recently started their gameplay as well.

I missed this one. Have you tried it?

The ETF and Google news are really nice to see, and should give more exposure to Crypto.

Well, they will give more exposure to ETFs, which are not crypto, but may have something to do with crypto internally (as a settlement mechanism).

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I missed this one. Have you tried it?

I was able to win a pack from one of their tournaments in SPL. I didn't play SPL in its early stages, but the gameplay is similar. You choose an immortal[summoner] which gives some effect to your cards, and you use equipment cards [monsters] to battle. There is a lot of RNG involved.

I thought Blackrock was offering BTC ETFs? I personally have little knowledge about ETFs, that's why I thought it would be good exposure to Crypto as a whole.

I thought Blackrock was offering BTC ETFs?

Yeah, but you buy shares into the ETF, usually with fiat. The question is how does settlement happen. I saw the SEC insists to be in fiat, which practically means it has nothing to do with crypto, other than the price of bitcoin as a base for their shares. I also understand BlackRock insists the settlement be made in kind, which means if payments are made in bitcoin, settlement is made in bitcoin, if payment is made in fiat, settlement is in fiat, as far as I understand this. Neither version says settlements should be in bitcoin, which would bring bitcoin to the moon if tons of fiat buy their shares.

I see, that makes a lot of sense, and I couldn't fault both parties for their sides. Thanks again for the explanation, I am learning a lot.