👾 Play-to-Earn Revolution Leaps Beyond Axie Infinity with New Games and Tokens

DappRadar exclusive report

Hello Defiers! Here’s what we are covering today,






Most Read in The Defiant

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  • Balancer, one of the leading DeFi automated market makers (AMM) for multiple tokens. Dive into their pools at this link.
  • Kraken, consistently rated the best and most secure cryptocurrency exchange, which can get you from fiat to DeFi
  • Aave, an open-source and non-custodial liquidity protocol where users can earn interest on deposits and borrow assets.

Play-to-Earn Primer

👾 Play-to-Earn Revolution Leaps Beyond Axie Infinity with New Games and Tokens

In this exclusive report, DappRadar takes an invaluable tour of state of play in blockchain gaming and explores what’s coming next on tokenomics and in-game monetization.

TLDR Generating income while playing a game sounds like a utopia for most of us. However, thanks to the play-to-earn movement, that scenario is not far from reality.

UAW Since May 2021, blockchain-based games have enjoyed a significant amount of success. The number of accounts or wallets connected to blockchain games reached 754,000. When compared to Q2, the game-connected unique active wallets (UAW) increased in 25%, and an impressive 509% year-over-year. Even though the number of UAW is an on-chain metric that does not necessarily translate into users1, there is enough evidence that supports a growth in the demand.

METAVERSE It finally seems that people have started to realize the potential behind the combination of games with blockchain technologies. Especially with intriguing concepts like the metaverse gaining visibility across mainstream media. But what exactly is play-to-earn? What were the main drivers behind the surge of this latest trend in the game sector? And, where is the blockchain game industry heading?

DISRUPTIVE Blockchain is one of the most disruptive technologies created in the last decades. It enables individuals to transact securely among peers without recurring to a third party, while also proving the ownership of the underlying asset. This technology has the potential to transform any industry if the use case is applied correctly. And it is no different with games.


Splinterlands trading cards; Source: Splinterlands


The Defiant Interview

👷🏻‍♀️ ‘Work Smart, Not Hard’: How DODO’s Dai Used a Get-it-Done Tack to Build Market Maker

One of the biggest challenges confronting the DeFi community is founding and managing new ventures. It’s uncharted territory, so for guidance we turned to Diane Dai, the cofounder of DODO, an automated market maker. She shares some sage advice on how to lead in DeFi.

The Defiant: Can you introduce yourself and explain your role?

Diane Dai: My name is Diane Dai. I’m the co-founder and Chief Marketing Officer at DODO, where I oversee marketing, branding, and growth. I also handle investor relations.

TD: Talk about your journey into leadership — what would you say was the biggest obstacle or most challenging skill to develop?

DD: While still a university student, I was fortunate enough to have acquired internship experience as a columnist at 36kr, an enterprise tech news site, where I learned about the power of proper storytelling. I also was a marketing intern at ZhenFund, a Beijing-based venture capital firm.

My ZhenFund experience was crucial, as it exposed me to the emerging world of crypto, both within mainland China and in the West. The collaborative and supportive culture at ZhenFund, which strongly encouraged young people to innovate and build, was a major inspiration for me. Following that, I moved to DDEX as a marketing associate and quickly rose through the ranks to become the Head of PR and Marketing.

The most challenging leadership skill to develop was an intuitive and nuanced understanding of cultural differences in media and crypto between Asia and elsewhere. In a global industry like crypto, deep cultural understanding is key to leading with empathy.



🏦 Don’t Dis TradFi —It Shows Good Ways to Manage Risk and Open DeFi to Newbies

In this column, Danny Chong, the co-founder of Tranchess, argues that for all its deficiencies TradFi offers important lessons for Defiers when it comes to managing risk and improving accessibility.

WORK TO BE DONE The DeFi market has captured the imagination of investors after multiplying in value 18 times in the last 12 months, reaching $244B in total value locked (TVL) on Nov. 1, according to DeFi Llama. Traditional investors are now seeing the immense opportunity that DeFi has to offer as well as the returns. But there is a lot of work to be done. The DeFi projects have to match the sophistication of traditional financial services in risk diversification and eradicate the red tape and bias toward the wealthy that has long plagued traditional finance (TradFi).

CORE DIFFERENCES First off, DeFi is not just TradFi 2.0. There are core differences, which is one reason I stepped away from my TradFi job as the Head of FX & EM sales to set up Tranchess, a decentralized yield-enhancing protocol with varied risk-returns solutions. One key reason is that DeFi is truly liberating.

LUCRATIVE However, TradFi is not a system that welcomes or promotes innovation, at least not at the speed necessary for investors now. With its open and permissionless characteristics, DeFi is free of bias. Anyone who can get their brain around DeFi can jump in for lucrative returns. There is no emphasis on prioritizing the wealthy, and the barriers to entry are relatively low.




🚀KyberDMM DEX Launches on Fantom Network

KyberDMM DEX, DeFi’s first multi-chain dynamic market maker, is now available for traders on Fantom to swap at the best rates and for liquidity providers to enjoy the best capital efficiency!

Fantom traders and Dapps can swap any token at the best token prices through dynamic trade routing across 7 popular DEXs on Fantom and Liquidity providers earn more with high capital efficiency and dynamic fees!

  • ✅ KyberDMM is now on Ethereum, Polygon, BSC, Avalanche, Fantom, and Near soon!
  • ✅ Swap any token across multiple DEXs for better prices
  • ✅ Liquidity providers earn more with high capital efficiency and dynamic fees
  • ✅ Ongoing Liquidity Mining with the high yield on BSC, Polygon, and Avalanche
  • ✅ Over $2 Billion in Total Trade Volume and over $4 million in fees collected for 10,000+ liquidity providers
  • ✅ Trade on dmm.exchange
  • ✅ Learn More: https://bit.ly/3vzLaoa

The Tube

📺 Quick Take: Fourth turnings, FATF speaks, Facebook Pivots and the Hacks pile up


🔗 Crypto Cities: Vitalik Buterin

One interesting trend of the last year has been the growth of interest in local government, and in the idea of local governments that have wider variance and do more experimentation.

🔗 A New Mental Model for Defi Treasuries: Uncommon Core

The Defi bull market, started by COMP liquidity mining in Summer 2020, has turned many Defi protocols into rapidly growing revenue monsters.

🔗 The Leading Annual Non‑Fungible Token Event: NFT NYC

Times Square NYC, November 1-4, 2021

🔗 Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion: CoinTelegraph

An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion on Thursday.

🔗 SoftBank, Alphabet Join $700M Investment in Digital Currency Group, Valuing DCG at $10B: Decrypt

Softbank and Google's parent company Alphabet Inc. have taken part in a $700 million investment round in Grayscale owner Digital Currency Group, valuing the company at $10 billion, per the Wall Street Journal.


PieDAO @PieDAO_DeFiReady to $PLAY the metaverse? The Metaverse Pie reaches ATH 📈 $PLAY Best Performing Index Over ✔️ 24H +8.62% ✔️ 7 Days +22.77% ✔️ 30 Days +70.42% ✔️ 90 Days +140.97% Play is available on @SushiSwap


9:54 AM ∙ Oct 30, 202198Likes27Retweets


Art Blocks @artblocks_ioNovember 27th is Art Blocks' 1-year anniversary, crazy right? To celebrate this wild ride, we thought it would be a great time to donate to charity. But we need your help (in Discord). 👇 discord.gg/7HmdFsCRW6


2:01 PM ∙ Nov 1, 202146Likes3Retweets

Most Read in The Defiant

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🧑‍💻 ✍️ Stories in The Defiant are written by Brady Dale, Owen Fernau, Samuel Haig, DeFiDad and yyctrader, and edited by Edward Robinson, Bailey Reutzel, and Camila Russo. Videos are produced by Robin Schmidt, Alp Gasimov and Daniel Flynn. Podcast is led by Camila, edited by Alp.

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The Defiant is a daily newsletter focusing on decentralized finance, a new financial system that’s being built on top of open blockchains. The space is evolving at breakneck speed and revolutionizing tech and money. Sign up to learn more and keep up on the latest, most interesting developments. Subscribers get full access, while free signups get only part of the content. Click here to pay with DAI (for $100/yr) or sub with fiat by clicking on the button above ($15/mo, $150/yr).