Maybe it’s just my personal history of contrarianism mixed with introspective, but I’ve always found criticism a powerfully positive force.
It’s a reflex that’s well suited to operating in the blockchain sector, particularly the current accusations of “Ponzi Scheme”, “Wash Trading” and “Economic Sustainability”.
Funny thing is I think I take the criticism much more seriously than those making it.
Partly it’s because I’ve got skin in the game.
(Isn’t this still one of the most under-rated psychological mechanisms?)
Anyone can — and does — criticize crypto for all manner of ills but from an purely intellectual position.
How much better thought through would their arguments be if they had $1,000 of Bitcoin performing its venal magic in their Coinbase account?
That stated, I think all of us should be actively Steel Manning the other side.
Certainly, if we truly believe in the revolution we have nothing to fear from their FUD. And if we’re wrong, we need to reverse direction quick.
But as it stands the headline concept of decoupling power — financial, political, motivational etc - from centralized rent takers seems to me both unstoppable and an improvement on the status quo, even when it comes to its rather minor implementation within the world of video games.
Funding News
Guild of Guardians has completed a public token sale for its $GOG token via Coinlist, raising an additional $5.3 million. Demonstrating sector demand, the sale was over-subscribed 82-fold.
Total funding for Immutable and Stepico’s mobile RPG now stands at $18.8 million, including $12 million raised via two NFT sales.
South Korean VC Hashed has launched a $200 million fund called Hashed Venture Fund II, which will focus on metaverse, gaming, NFTs and DeFi.
Hashed’s original $120 million fund invested in the likes of Mythical Games, Sky Mavis, Enjin and The Sandbox.
Product News
Enjin is collecting $DOT loans for its attempt to secure a parachain slot on Polkadot for its Efinity technology.
At time of writing, it had accumulated 2.4 million DOT (around $85 million).
Following its Alpha Hub launch, The Sandbox has announced a similar scheme for Snoop Dogg’s Snoopverse, which one of the larger estates within The Sandbox metaverse.
Access will be gated via 5,000 Early Access NFT Passes, which will be available through the Snoop Land Sale (selling out from 2 Dec 1pm UTC) or directly through The Sandbox marketplace, priced 500 Sand (around $3,000 atw).