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What Is Pudgy Penguins (PENGU)? The NFT Collection Expanding Into Crypto

NFTs have grown beyond collectible art to become the foundation for emerging digital brands. Pudgy Penguins is one of the most recognizable examples of this shift. Originally launched as a series of cartoon-style penguin NFTs, the project has steadily expanded its influence through real-world merchandise, licensing deals, and a strong online community. Now, Pudgy Penguins is taking a major step into the broader blockchain space with the launch of its own cryptocurrency token, PENGU. As the NFT market continues to evolve, projects like Pudgy Penguins are exploring new ways to build value and attract wider audiences. The introduction of PENGU signals an effort to strengthen community engagement while reaching users beyond Ethereum through a multichain strategy. This article will break down what Pudgy Penguins is, how the project works, the role of the PENGU token, and important factors for potential investors to keep in mind. What Is Pudgy Penguins? Pudgy Penguins is a collection of 8,888 unique NFTs launched on the Ethereum blockchain in July 2021. Each NFT features a cartoon-style penguin with different traits like clothing, accessories, and backgrounds, making every penguin distinct. While it started as a simple profile picture (PFP) project during the NFT boom, Pudgy Penguins quickly built a loyal community that connected around the artwork’s positive, playful style. However, Pudgy Penguins' story goes beyond just NFT sales. After facing early leadership challenges, including controversy around its original founders, the project was acquired by entrepreneur Luca Netz in 2022. Under new leadership, Pudgy Penguins shifted focus toward brand-building, real-world products, and licensing opportunities. The launch of Pudgy Toys in major retailers like Walmart, Target, and Amazon showed that the brand had ambitions far beyond the crypto space. Today, Pudgy Penguins is positioning itself as a broader Web3 brand, combining NFTs, physical goods, and new blockchain initiatives. It continues to evolve through partnerships, community-driven initiatives, and now, the introduction of its own token, PENGU, signaling a move toward deeper engagement with both the crypto-native audience and mainstream consumers. The Pudgy Penguins project has gained strong momentum in April 2025, with the average NFT price rising by 6% to approximately $20,860 and the collection’s total market cap surpassing $136 million. At the same time, the newly launched PENGU token has rallied sharply, increasing by over 40% in a single day as part of renewed excitement across the Solana ecosystem. Trading volumes for both Pudgy Penguins NFTs and PENGU have reached three-month highs, reflecting heightened investor interest. PENGU recently hit a local high of $0.0141, while NFT sales volume rose by 300%. Analysts are generally optimistic about the ongoing rally, suggesting that the project could reach new all-time highs if momentum continues, although typical market risks still apply. Trade Pudgy Penguins (PENGU) on Bitget now! How Pudgy Penguins Works At its core, Pudgy Penguins operates as an NFT-based community built on the Ethereum blockchain. Each Pudgy Penguin NFT represents a unique, verifiable digital asset that owners can hold, trade, or use for commercial purposes. These NFTs are stored securely on-chain, giving holders full ownership and allowing for secondary sales on popular NFT marketplaces like OpenSea and Blur. Beyond simple ownership, Pudgy Penguins offers additional value through brand licensing and real-world products. NFT holders retain the intellectual property rights to their penguins, meaning they can create merchandise, collaborate with brands, or build businesses around their characters. This licensing model has helped Pudgy Penguins cross into the mainstream, with physical products like Pudgy Toys now available at major retailers such as Walmart, Target, and Amazon. The project is also expanding digitally through blockchain innovation. The introduction of PENGU, a native token, is designed to power future experiences and community engagement across multiple blockchains. By moving toward a multichain strategy, Pudgy Penguins aims to widen access, allowing more users to participate in its ecosystem whether they come from Ethereum, Solana, or eventually new networks like Abstract. What Is PENGU Token? In December 2024, Pudgy Penguins introduced PENGU, its official cryptocurrency token. PENGU is designed to: ● Expand the Pudgy Penguins community. ● Reward active members and NFT holders. ● Support future governance initiatives. ● Create liquidity for Pudgy Penguins-related activities. The token was first launched on the Solana blockchain. Although the original Pudgy Penguins NFTs are on Ethereum, the decision to issue PENGU on Solana reflects a strategy to reach a larger, more active blockchain audience. There are also plans to later bridge PENGU to Ethereum and Abstract, a Layer 2 network currently in development. The total supply of PENGU is 88,888,888,888 tokens, with allocations for NFT holders, ecosystem expansion, liquidity creation, team incentives, company development, and charitable initiatives. Pudgy Penguins (PENGU) Token Allocation PENGU Airdrop – What You Should Know The PENGU token launch included an airdrop aimed at both existing community members and broader users within the Solana ecosystem. ● NFT Holders: Owners of Pudgy Penguins, Lil Pudgys, and other official Pudgy assets are eligible for a portion of the airdrop. ● Solana Users: Active users of Solana decentralized applications (like Phantom wallet and Jupiter) might receive PENGU even if they don't own a Pudgy Penguin NFT. ● Claiming Process: Users need a Solana-compatible wallet to claim PENGU, even if they originally hold Ethereum-based NFTs. ● Security Reminder: Investors should be cautious of fake airdrop scams. Always verify sources before interacting with wallets or signing transactions. The airdrop distributes roughly 25% of the total PENGU supply, helping expand the project's footprint in the growing Solana community. Pudgy Penguins (PENGU) Price Prediction 2025, 2026–2030 As of late April 2025, PENGU is trading around $0.0121, with a 24-hour trading volume crossing $508 million and a market capitalization near $767 million. Since its launch in December 2024, PENGU has experienced sharp movements, reaching an all-time high of $0.068 before pulling back to lows around $0.0037. The token’s price action so far reflects both strong community enthusiasm and the usual volatility seen with new crypto assets. 2025 Outlook In the short term, PENGU's direction will largely depend on two forces: the broader crypto market mood and Pudgy Penguins' ability to deliver new developments. If the project continues expanding across Solana, Ethereum, and its planned Abstract Layer 2 network, and if the NFT space remains active, PENGU could climb back toward its earlier highs. However, if market sentiment weakens or if project updates slow down, price consolidation—or even another correction—would not be surprising. 2026–2030 Long-Term Projection Looking further ahead, PENGU’s future value will hinge on several key factors. New utility for the token, such as governance rights or deeper integration with decentralized applications, could boost long-term demand. A growing and engaged community will also play a major role, especially if Pudgy Penguins continues to attract users from both NFT and broader crypto audiences. Meanwhile, the general adoption of NFTs into everyday applications could create new momentum for branded tokens like PENGU. Over the next five years, if Pudgy Penguins successfully builds a vibrant cross-chain ecosystem and maintains community excitement, PENGU could see meaningful price growth. That said, like any cryptocurrency, it remains subject to market cycles, competition, and evolving investor sentiment. As always, investors should approach with a long-term mindset and remain cautious about the volatility that comes with emerging digital assets. Conclusion Pudgy Penguins has traveled a long way from being just another NFT collection on Ethereum. With the launch of PENGU, its native cryptocurrency, the project is making a serious push into the broader blockchain landscape. Between expanding to new blockchains like Solana, launching real-world products, and building a stronger community, Pudgy Penguins is aiming to do what few NFT projects have managed — stay relevant and grow beyond the initial hype. For investors, Pudgy Penguins offers an example of how NFT brands are evolving into more complete ecosystems, combining digital ownership, token utility, and real-world engagement. At the same time, PENGU remains a new and volatile asset, subject to the same risks and market forces as the wider crypto space. Whether Pudgy Penguins can continue building momentum will depend on how well it balances innovation, community loyalty, and broader adoption in an increasingly competitive Web3 world. Register now and explore the wonderful crypto world at Bitget! Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

Not All Tokens Are the Same: NFTs vs SFTs vs SBTs

With the rise of digital assets and blockchain tech, you've probably heard about Non-Fungible Tokens (NFTs) and Semi-Fungible Tokens (SFTs). Although they sound similar, each type of token has distinct features and serves different purposes. This article explores clearly and simply what sets NFTs apart from SFTs and how each is used. What Are NFTs (Non-Fungible Tokens)? Non-Fungible Tokens (NFTs) are unique digital assets secured and verified using blockchain technology. Each NFT represents something one-of-a-kind and irreplaceable, such as digital art, collectibles, virtual real estate, or individual gaming items. NFTs became widely popular for their ability to confirm ownership and authenticity of digital items. Key Characteristics of NFTs: ● Uniqueness: Every NFT is unique and can't be replaced by another identical token. ● Indivisibility: You can't split NFTs into smaller pieces—they always remain whole and distinct. ● Ownership Provenance: Blockchain records offer transparent proof of ownership and history. What Are SFTs (Semi-Fungible Tokens)? Semi-Fungible Tokens (SFTs) combine aspects of both fungible tokens (like Bitcoin or Ethereum) and NFTs. Initially, an SFT acts like a regular token, interchangeable with others of the same kind. However, under specific conditions or after certain events, it becomes unique, shifting its status from fungible to non-fungible. SFTs are particularly useful for gaming assets, tickets, and collectibles produced in large quantities that become unique through specific interactions or events. Key Characteristics of SFTs: ● Flexible Fungibility: Initially fungible but can later become unique based on certain conditions. ● Efficiency: Less expensive and more efficient for batch transactions compared to NFTs. ● Dynamic Nature: Can change their fungibility status based on predetermined rules or interactions. What Is The Difference Between NFTs vs SFTs? Although NFTs and SFTs both live on the blockchain, their fundamental nature, usage, and efficiency differ in important ways. Let's break it down: NFTs vs SFTs: Fungibility ● NFTs: Always non-fungible. Each token represents a unique asset and cannot be replaced or exchanged on a one-to-one basis with any other token. ● SFTs: Start off fungible—meaning any token is identical and interchangeable with another of the same kind—but under certain conditions, such as usage or passage of time, an SFT can transform into a non-fungible asset with its own distinct value. NFTs vs SFTs: Use Cases ● NFTs: Perfect for applications where uniqueness and individual ownership are critical, such as digital art, rare collectibles, one-of-a-kind gaming items, and virtual land parcels. Every NFT stands as a singular proof of ownership over a specific digital or virtual good. ● SFTs: Best suited for situations requiring flexibility between bulk issuance and later individuality, such as concert tickets, event passes, gaming consumables, or batch-minted collectibles. Initially, all tokens may be identical, but they can evolve into unique items after certain interactions or milestones. NFTs vs SFTs: Cost and Scalability ● NFTs: Because each NFT is minted as a standalone, unique item, handling multiple NFTs can lead to higher transaction fees and lower efficiency, especially when dealing with large volumes. ● SFTs: Offer significant cost and scalability advantages. Since they are minted in batches and treated as interchangeable at first, SFTs can be transacted more efficiently and economically, which is ideal for projects expecting high transaction volumes or mass distribution. What Are SBTs (Soulbound Tokens)? Soulbound Tokens (SBTs) are a special kind of NFT that cannot be transferred once minted to a wallet (see the image below). While typical NFTs represent tradable unique assets, SBTs are designed for use cases where identity, achievement, or trust must remain tied to a specific person or wallet — like academic degrees, reputation scores, or certifications. Key Characteristics of SBTs: ● Non-transferability: Once issued, SBTs can't be transferred or sold. ● Personalized Ownership: Permanently linked to an individual or account, reflecting personal credentials or achievements. ● Proof of Identity: Useful in digital identity verification and credentialing systems. Why Does The Difference Matter? Knowing the difference between NFTs and SFTs helps you choose the right type of token based on your needs—whether it's absolute uniqueness and exclusivity (NFTs) or cost-effectiveness and flexibility for bulk items (SFTs). Additionally, understanding SBTs is crucial for applications that require permanent, non-transferable proof of identity or credentials. NFTs vs SFTs vs SBTs: A Quick Comparison Here's to sum up everything: Token Type A Quick Comparison Practical Examples NFTs Unique, indivisible, transferable assets A unique digital artwork sold on platforms like OpenSea, with ownership securely verified on the blockchain. SFTs Initially fungible but may become non-fungible; flexible and transferable Event tickets for a concert that start out identical but become unique collectible items after they've been used. SBTs Permanently non-transferable and identity-bound Digital diplomas or certificates that remain permanently tied to an individual's blockchain identity. Conclusion As blockchain technology continues to expand into new areas of our lives, the roles of NFTs, SFTs, and SBTs will only grow more significant. NFTs are redefining ownership and creativity, SFTs are unlocking scalable experiences in gaming, events, and commerce, and SBTs are laying the groundwork for digital identities and trust systems that could power future economies. While NFTs, SFTs, and SBTs share common ground, their unique characteristics cater to different digital asset needs, therefore making it essential to clearly understand their differences. By mastering the nuances between these tokens today, you're preparing to participate in the next wave of innovation. No matter who you are or aspire to be, a creator, a gamer, a builder, or a visionary, learning to leverage these evolving tools will empower you to make informed choices and stay ahead as the digital landscape transforms. The future belongs to those ready to build it—one token at a time.

Solana vs Ethereum in 2025: A Comprehensive Comparison

In the rapidly evolving world of cryptocurrencies, two blockchains have emerged as leaders: Ethereum and Solana. Both offer unique features and capabilities, making them popular choices for developers and investors alike. As of 2025, understanding the differences between these two leading blockchains is crucial for anyone involved in the crypto space. Ethereum vs Solana: Overview Ethereum: Launched in 2015, Ethereum was the first blockchain to support smart contracts, enabling decentralized applications (dApps) to flourish. Over the years, it has become the foundation for numerous projects, particularly in decentralized finance (DeFi) and non-fungible tokens (NFTs). Solana: Introduced in 2020, Solana is a high-performance blockchain designed for decentralized applications and crypto-assets. It aims to provide scalability without compromising decentralization, offering fast transaction speeds and low fees. Solana vs Ethereum: Consensus Mechanisms Both Ethereum and Solana utilize Proof-of-Stake (PoS) mechanisms, but they implement them differently. Ethereum: After transitioning from Proof-of-Work to PoS with its Ethereum 2.0 upgrade, Ethereum aims to improve scalability and reduce energy consumption. Solana: Solana employs a unique Proof-of-History (PoH) mechanism combined with PoS, allowing it to process up to 65,000 transactions per second (TPS), significantly higher than Ethereum's capabilities. Solana vs Ethereum: Transaction Speed and Costs One of Solana's standout features is its transaction speed and cost-effectiveness. Ethereum: While Ethereum's transition to PoS has improved scalability, it still faces challenges during high network activity, leading to increased transaction fees and slower processing times. On Ethereum, these fees can add up. In 2025, the average fee is around $0.05, but it can jump higher when the network is busy. That’s not great if you’re making lots of small transactions. Solana: Solana's architecture allows for rapid transaction processing with minimal fees, making it an attractive option for applications requiring high throughput. Solana’s fees are only about $0.00025 per transaction. That’s less than a penny! This low cost comes from its fast system, which avoids clogging up. Solana vs Ethereum: Ecosystem and Adoption Both platforms host vibrant ecosystems, but they differ in focus and maturity. Ethereum: Ethereum has been around longer, so it has a huge head start. As the pioneer in smart contracts, Ethereum boasts a vast ecosystem with thousands of dApps, particularly excelling in DeFi and NFT sectors. It’s home to tons of dApps like Uniswap for trading or OpenSea for NFTs, and has over a million developers working on it. In 2025, Ethereum still leads in total value locked in its apps, with over $50 billion, according to some reports. Solana: Solana, though newer, has rapidly gained traction, especially in areas like decentralized exchanges (DEXs), gaming, and NFTs, due to its speed and low transaction costs. Specifically, Solana has become the petri dish for meme coins to thrive. By 2025, Solana’s ecosystem is booming with projects like Pump.fun, a platform for making meme coins, which has made over $575 million in fees since March 2024. Solana’s trading volume is also huge—sometimes hitting $120 billion in a week, compared to Ethereum’s $24 billion. This growth shows Solana is becoming a serious rival. Solana vs Ethereum: Security and Network Stability Network reliability is a critical factor for any blockchain platform. Ethereum: Known for its robust security and stability, Ethereum's extensive validator network contributes to its resilience against attacks and network failures. Solana: While Solana offers impressive speed, it has experienced network outages in the past, raising concerns about its long-term stability. Solana vs Ethereum: Developer Ecosystem, Decentralization, and Community Support A strong developer community is essential for the growth and innovation of a blockchain platform. Ethereum: With years of development, Ethereum has cultivated a large and diverse developer community, supported by numerous resources, tools, and educational programs. Ethereum has over 1 million validators, making it super secure and hard to be taken advantage of by individuals. In 2025, this huge network is a big reason why banks and big companies trust Ethereum for things like tokenizing real-world assets. Solana: Solana's developer community is rapidly growing, with the Solana Foundation providing various initiatives to attract and support developers, including funding, hackathons, and educational programs. Solana also has fewer validators—around 4,500 in 2025. Some say this makes it less decentralized, which could be a risk. But Solana’s team is working to add more validators and spread power out. For now, Ethereum wins this round, but Solana is closing the gap. Solana vs Ethereum: Investment Considerations For investors, understanding the market dynamics of both platforms is crucial. Ethereum (ETH): As of April 3, 2025, Ethereum's price is $1,814.08, reflecting a 3.68% decrease from the previous close. Its market cap and widespread adoption make it a staple in many investment portfolios. Solana (SOL): On the same date, Solana's price stands at $118.06, with a 6.32% decrease from the prior close. Solana’s price has jumped more in recent years—up 28,000% since 2020, compared to Ethereum’s 1,500%. But Ethereum’s bigger market cap (over $300 billion vs. Solana’s $100 billion) makes it a safer bet for some. In 2025, we could see SOL outpace ETH in gains, but it’s a close call. SOL’s growth trajectory and technological advancements position it as a promising investment, though it comes with higher volatility. Solana vs Ethereum: Regulatory Landscape The regulatory environment significantly impacts the crypto industry. Ethereum: Ethereum has benefited from regulatory clarity, especially in markets like the United States, where Ethereum ETFs have attracted significant investments. Solana: As Solana gains prominence, it faces increasing regulatory scrutiny. Anticipated approvals of Solana-based ETFs could further legitimize its position in the market. Solana vs Ethereum: Which one is better? Looking ahead, both Ethereum and Solana have distinct paths. Ethereum: Ethereum has been working on fixes for years. Its latest upgrade, called Dencun in 2024, made fees cheaper on its “Layer 2” networks, which are essentially side roads that help the main highway run smoother. This helps, but Ethereum’s main chain still struggles with speed and cost compared to Solana. The upcoming Ethereum upgrades aim to enhance scalability and reduce fees, addressing current network limitations. Its established position in DeFi and NFTs ensures its continued relevance. Solana: With ongoing developments and a focus on scalability, Solana is well-positioned to capture a larger market share in decentralized applications, particularly in sectors like gaming and NFTs. Solana’s big upgrade in 2025 is Firedancer. This new system could push Solana to handle 1 million TPS—way faster than anything else. Firedancer makes Solana stronger and more reliable, fixing past issues like network outages. If it works as promised, Solana could leave Ethereum in the dust for speed and efficiency. Conclusion In the debate of Solana vs Ethereum, both platforms offer unique advantages and face distinct challenges. Ethereum's established ecosystem and security make it a reliable choice for applications requiring stability. In contrast, Solana's speed and low fees present compelling opportunities for applications demanding high throughput. So, Solana vs Ethereum: which blockchain is better in 2025? It depends on what you care about. If you want speed and low fees, Solana is the champ, its 65,000 TPS and $0.00025 fees beat Ethereum’s 15 TPS and $0.05 costs every time. Solana’s rapid growth in new developers and trading volume shows it’s on fire. But if you value security and a proven track record, Ethereum is still king. Its million validators and huge ecosystem make it rock-solid. Big companies and investors love it, and its upgrades keep it in the game. In 2025, Solana might win for everyday users like gamers or day traders, while Ethereum stays the choice for big projects and institutions. Whether you’re investing, building, or just watching, both are worth your attention. Keep an eye on Solana vs Ethereum—it’s a race that’s heating up! Sign up today and start your journey with Bitget, where opportunities to grow your crypto portfolio await! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

What Is WalletConnect? A Complete Beginner’s Guide (2025)

The cryptocurrency space is growing fast, and with it comes a need for tools that help users interact securely with decentralized applications (dApps). WalletConnect is one of the widely adopted solutions that enables users to connect their wallets to dApps without giving up control of their private keys. From decentralized finance to NFT marketplaces, WalletConnect plays a central role in how users access and navigate blockchain-based services. Whether you're new to crypto or just exploring new tools, understanding WalletConnect can help you take the next step into Web3 with more confidence. In this guide, you will learn what WalletConnect is, how it works, how to use it, and the purpose of its native token, WCT (WalletConnect Token). What Is WalletConnect? WalletConnect is an open-source protocol that allows users to securely connect their cryptocurrency wallets to decentralized applications (dApps) without exposing private keys or relying on browser extensions. It was created to solve a key problem in the blockchain space: enabling smooth and secure interactions between wallets and dApps across different platforms and devices. Before WalletConnect, connecting to dApps often required using browser wallets or custom integrations, which created security risks and limited mobile accessibility. WalletConnect simplifies this by using QR codes or deep links to establish a secure connection between the user’s wallet and the application. WalletConnect was founded in 2018 by Pedro Gomes, a developer focused on improving user experience in the decentralized web. Since its launch, WalletConnect has grown into a widely used infrastructure layer in Web3, supported by hundreds of wallets and thousands of dApps across multiple blockchain networks. How WalletConnect Works WalletConnect functions as a communication layer between a crypto wallet and a decentralized application (dApp). Rather than using a browser extension or requiring the user to enter sensitive details, it establishes a secure session through a simple QR code scan or a mobile deep link. 1. Connection Request: When a user visits a dApp and selects WalletConnect as the connection method, the dApp generates a unique session request, typically displayed as a QR code. 2. Session Approval: The user opens their wallet app, scans the QR code, and approves the request. This initiates an encrypted session between the wallet and the dApp. 3. Encrypted Communication: Once connected, the dApp can send requests to the wallet—such as signing a transaction or message. The wallet displays these requests, and the user can approve or reject them. All communication is encrypted, and no private keys are ever shared. 4. Transaction Signing: If the user approves an action, the wallet signs the transaction locally and sends it back to the dApp. Only signed data is transmitted—private keys remain securely stored in the wallet. 5. Session Management: The session stays active until it is either manually disconnected by the user or times out. This allows for a persistent and uninterrupted user experience across different dApps and blockchain networks. WalletConnect also supports multiple blockchains, so users can interact with Ethereum-based dApps as well as applications on other chains like Solana, Polygon, or BNB Smart Chain—all from the same wallet interface. Everything You Need to Know About WalletConnect Token (WCT) The WalletConnect Token, or WCT, is the native governance and utility token of the WalletConnect Network. Built on the Optimism blockchain, WCT plays a central role in decentralizing the protocol and aligning incentives among users, developers, node operators, and other participants. WCT Tokenomics ● Total Supply: The maximum supply is fixed at 1 billion WCT, with no planned inflation. ● Transferability: Initially non-transferable, WCT became transferable in April 2025 following a governance vote. ● Airdrops: WCT has been distributed to eligible users and contributors based on their past interactions and support of the ecosystem. Additional phases may occur in the future. WCT Token Allocation Token Utility ● Governance: WCT holders can vote on decisions such as protocol changes, funding allocations, fee structures, and incentive programs. ● Staking: Users can stake WCT to earn rewards and participate in governance. Influence is weighted based on the amount and duration of the stake. ● Network Rewards: Service nodes and wallet providers can earn WCT by contributing to the network’s performance and reliability. Metrics like uptime and response time affect reward eligibility. ● Service Fees: While currently there are no usage fees for the SDK or APIs, any future fees would be governed by the community and potentially linked to WCT. How to Use WalletConnect WalletConnect is designed to simplify the process of connecting a cryptocurrency wallet to a decentralized application (dApp). You don’t need to install anything extra—WalletConnect is built into many wallet apps and dApps by default. Step 1: Choose a Compatible Wallet Download a wallet that supports WalletConnect, such as Bitget Wallet. Download Bitget Wallet Step 2: Open a Decentralized Application (dApp) Visit a dApp such as Uniswap, OpenSea, or PancakeSwap. Click the “Connect Wallet” or “Login” button. We will use OpenSea as an example. Step 3: Select WalletConnect When prompted, choose WalletConnect from the list of connection options. A QR code will appear if you're on the desktop. On mobile, the app may offer a list of compatible wallets to open directly. Step 4: Scan the QR Code or Tap the Link On desktop: Open your wallet app, go to the WalletConnect section, and scan the QR code shown on the dApp. On mobile: Tap the WalletConnect link and select your wallet to approve the session. Step 5: Approve the Connection Your wallet will display a request. Review the details and confirm the connection. This authorizes the dApp to view your public wallet address and interact with you during the session. Step 6: Start Interacting Once connected, you can use the dApp—swap tokens, mint NFTs, stake crypto, or vote on governance proposals. Each action must be approved from your wallet for security. Step 7: Disconnect When Finished To close the session, disconnect from the dApp or end the connection inside your wallet. This helps prevent unauthorized activity if you leave a session open. Is WalletConnect Safe? WalletConnect is considered a secure method for connecting cryptocurrency wallets to decentralized applications. It uses end-to-end encryption to protect communication between your wallet and the dApp, and it does not store or access your private keys—transactions are signed directly within your wallet. Because it is open source, the protocol can be reviewed and audited by the community. While WalletConnect provides strong security by design, users should still take precautions, such as only connecting to trusted dApps, avoiding unknown QR codes, and verifying transaction details before approval. Conclusion WalletConnect plays an important role in the Web3 space by allowing users to connect their wallets to decentralized applications in a secure and simple way. It works across different devices and blockchains, giving users more flexibility without compromising privacy. With the introduction of the WCT token, the protocol now includes governance, staking, and reward mechanisms that support its shift toward decentralization. As the crypto ecosystem matures, WalletConnect provides a practical solution for anyone looking to access dApps with greater control and security. Trade WalletConnect Token (WCT) on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

GUNZ (GUN): The First Layer 1 Blockchain Built for AAA Web3 Gaming

What is GUNZ (GUN)? GUNZ (GUN) is a layer-1 blockchain specifically designed for Web3 AAA gaming. Developed by Gunzilla Games, it creates a powerful gaming ecosystem that supports both players and developers. Unlike traditional gaming platforms, GUNZ gives players true ownership of in-game items and enables a player-driven economy through blockchain technology. The Problem GUNZ Solves Right now, there is no Web3 ecosystem built for AAA gaming. Web2 games, on the other hand, don’t offer secure asset ownership or community-driven economies that could improve user experience. The GUNZ Solution GUNZ is the first-ever AAA Web3 gaming ecosystem. It brings together Web3 and Web2 games, providing tools that allow developers to build next-gen games without needing deep blockchain expertise. Who Created GUNZ (GUN)? Gunzilla Games, an independent game studio, created GUNZ. The team includes industry veterans who have worked on popular games like Far Cry, Crysis, and Battlefield. Their goal is to push gaming forward by integrating blockchain technology into mainstream gaming. What VCs Back GUNZ (GUN)? GUNZ has garnered significant attention from the investment community, securing funding from a diverse group of venture capital firms and angel investors. Below is a comprehensive list of investors categorized by their respective tiers: Tier 1 Investors ● Jump Crypto Tier 2 Investors ● Coinbase Ventures ● CoinFund ● HTX Ventures (previously Huobi Ventures) ● Morningstar Ventures Tier 3 Investors ● Animoca Brands ● Digital Strategies ● GSR Ventures ● MV Global ● Raptor Capital ● Republic Capital ● Shima Capital Other Notable Investors ● AlphaCrypto ● Blizzard (Avalanche Ecosystem) ● Dominance ● Gamegroove Capital ● Griffin Gaming Partners ● Guy Young (Angel Investor) ● Justin Kan (Angel Investor) ● KuCoin (Exchange) ● Launch Code Capital ● MH Ventures ● NGG ● VanEck The strong backing from these investors highlights the confidence in GUNZ’s potential to revolutionize the gaming industry. How GUNZ (GUN) Works True Ownership of In-Game Assets In traditional gaming ecosystems, players' in-game items are typically owned and controlled by the game developers. GUNZ disrupts this model by leveraging blockchain technology to grant players true ownership of their in-game assets. Each item is represented as a NFT, allowing players to buy, sell, and trade their assets securely and transparently on the blockchain. Play-to-Own Economy GUNZ introduces a "play-to-own" economic model, rewarding players with valuable in-game items and tokens through gameplay achievements, mission completions, and competitive victories. This approach fosters a fair and engaging economy where players' efforts and skills directly translate into tangible rewards. Off The Grid: The First Game on GUNZ One of the biggest examples of how GUNZ works is Off The Grid (OTG), a AAA battle royale shooter built on the GUNZ blockchain. ● OTG is designed by world-class developers, including Neill Blomkamp, the director of District 9. ● OTG has already reached over 14 million active wallets, proving the success of GUNZ’s blockchain-powered ecosystem. ● The game features true ownership of weapons, skins, and other in-game assets, allowing players to trade and customize their items as NFTs. This proves that GUNZ is not just an idea. It’s already being used in a real, high-quality game. As more developers adopt GUNZ, we’ll see even more AAA games with true ownership and decentralized economies. Optional Blockchain Integration Understanding that not all players may be familiar with blockchain technology, GUNZ offers optional blockchain features. Players can choose to engage with the blockchain aspects, such as NFTs and cryptocurrency transactions, at their comfort level, ensuring an inclusive gaming experience for both traditional gamers and blockchain enthusiasts. GUN Token Utility The GUN token serves as the native currency within the GUNZ ecosystem. Players can use GUN tokens to acquire rare weapons, upgrades, and other in-game items. Tokens are earned through gameplay activities, including mission completions and the sale of in-game resources known as HEXes. All in-game items are tokenized as NFTs, facilitating seamless trading within the game's marketplace or on external platforms. Built on the Avalanche Blockchain GUNZ is built on the Avalanche blockchain, renowned for its high throughput and low transaction fees. Avalanche's architecture supports rapid and cost-effective transactions, enhancing the gaming experience by minimizing latency and reducing costs associated with asset trading. Developer-Friendly Tools To encourage the development of a robust gaming ecosystem, GUNZ provides developers with comprehensive tools, including APIs and SDKs. These resources simplify the integration of blockchain features into games, promoting the creation of diverse and innovative gaming experiences within the GUNZ network. GUN Goes Live on Bitget GUNZ is redefining gaming by combining AAA-quality gameplay with blockchain technology. Unlike traditional gaming platforms, GUNZ gives players true ownership of their in-game items, allowing them to trade, sell, or rent assets freely. With its next-gen scalability, low-cost transactions, and player-driven economy, GUNZ provides a fairer and more rewarding gaming experience. As Web3 gaming continues to grow, GUNZ stands out as a pioneering force in the industry. Backed by top investors and integrated with major platforms like OpenSea and Fireblocks, it is building a strong and sustainable gaming ecosystem. The fact that GUNZ has already attracted millions of active users and processed hundreds of millions of transactions shows its real-world adoption and potential. For those looking to be part of the future of gaming, exploring GUNZ and its native token (GUN) is a smart move. Whether you're a player, investor, or developer, now is the perfect time to get involved. GUN is already trading on Bitget, making it easier than ever to access this groundbreaking ecosystem. How to Trade GUN on Bitget Listing time: March 31, 2025 Step 1: Go to GUNUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade GUN on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

OpenSea 2.0 and the Airdrop Rumors: What Investors Should Know

OpenSea, once the undisputed leader in the NFT world, is gearing up for a potential comeback with big plans on the horizon. From teasing a revamped platform called OpenSea 2.0 to sparking rumors of a highly anticipated token airdrop, the marketplace is making waves in the crypto community. These developments come at a pivotal moment. The NFT market has cooled significantly after its explosive growth in 2021 and 2022, and competitors like Blur and Magic Eden have aggressively challenged OpenSea’s dominance. As speculation builds, many are asking: What’s next for OpenSea, and what could these changes mean for investors? In this article, we’ll explore OpenSea 2.0, the airdrop rumors, and the potential impact of these moves on the NFT space. Whether you’re a long-time crypto enthusiast or a newcomer, here’s everything you need to know. What Is OpenSea 2.0? OpenSea 2.0 Trailer Source: OpenSea OpenSea 2.0 is an update designed to improve the platform and attract more users. While the full details are not yet clear, OpenSea has shared some hints about what users can expect. User Leaderboards: The new platform may track user activity, like trading volume, with a leaderboard system. Point Rewards: Some beta testers have reported features where users earn points, which could later turn into rewards. Improved Experience: OpenSea has promised a “reimagined” marketplace, aiming to provide a better experience for users. The waitlist for OpenSea 2.0 has already attracted more than one million wallets, showing strong interest in the update. The OpenSea Airdrop Rumors The crypto community is abuzz with speculation about a possible OpenSea token airdrop. Several factors fuel these rumors: New Foundation: OpenSea recently registered a new organization, the OpenSea Foundation, in the Cayman Islands. These types of foundations are often used to launch tokens and manage airdrops. Hints About an OCEAN Token: Social media posts by OpenSea and its team have hinted at a new token, possibly called OCEAN. Following Competitors: Other NFT marketplaces like Blur and Magic Eden have already launched tokens and rewarded loyal users with airdrops. Many expect OpenSea to do the same. Trade Blur (BLUR) on Bitget now! Trade Magic Eden (ME) on Bitget now! However, OpenSea has not officially announced an airdrop. In the past, the company has also suggested it might pursue an Initial Public Offering (IPO) instead of launching a token. This leaves the situation uncertain. Challenges Facing OpenSea While OpenSea is a big name in the NFT space, it faces several challenges: Falling NFT Market: The NFT market has dropped significantly, with prices and trading volumes down by as much as 97% since their 2022 peaks. Strong Competition: Competitors like Blur and Magic Eden have introduced tokens and reward systems, attracting users away from OpenSea. Regulatory Issues: OpenSea recently received a notice from the U.S. SEC, which claimed some of its NFTs might be securities. Restructuring: OpenSea has had to cut costs, including reducing its workforce in 2023, to stay competitive. These factors underline why OpenSea may be exploring a token launch and platform overhaul to regain market share and user loyalty. What Could the OpenSea Token Mean for Investors? If OpenSea launches a token, it could create new opportunities for users and investors: Rewards for Users: Loyal users who have traded on OpenSea in the past might qualify for an airdrop, receiving free tokens based on their activity. Token Utility: The token could have practical uses, like governance (voting on platform decisions), discounts on trading fees, or earning rewards. Market Potential: Given OpenSea’s reputation, a token launch could attract significant attention, although the current bearish NFT market could limit its initial success. Conclusion The launch of OpenSea 2.0 and the rumors of a token airdrop have generated excitement in the crypto world. These changes could help OpenSea regain momentum in a tough market. However, the situation is still developing, and no official announcements have been made. For investors and users, it is important to stay informed and approach these developments carefully. While a token and airdrop could bring new opportunities, it’s essential to remember that the NFT market is highly volatile and unpredictable. By keeping an eye on OpenSea’s announcements, investors can make more informed decisions about how to navigate this evolving space. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

PENGU Debuts with $2.3B Market Cap

The native token of the Pudgy Penguins NFT project, PENGU, launched with a staggering $2.3 billion market cap, achieving $90 million in trading volume within its first hour. The Solana-based token has a total supply of 88.88 billion, with 23.5% distributed via an airdrop to NFT holders. An additional 22% is reserved for the Solana and Ethereum communities, while 12.3% is allocated as liquidity on decentralized exchanges. PENGU’s debut has positively impacted the Pudgy Penguins NFT collection, with the floor price rising to 34.1 ETH ($136,000), marking a 2.6% increase. The collection is now the second most expensive in the NFT space, trailing only CryptoPunks. This success comes despite the broader NFT market remaining in a prolonged downturn. While NFTs were highly speculative and in-demand during 2022, trading volumes have sharply declined. For example, OpenSea, which once saw $2.7 billion in daily trades in 2022, now struggles to surpass $30 million monthly. The rise of meme coins has further shifted market dynamics away from traditional NFTs. Source: CoinDesk Futures Market Updates In the past 24 hours, BTC futures saw a slight decrease in open interest (-0.45%) while volume increased by 3.42%. In contrast, ETH futures experienced a sharper drop in open interest (-1.77%) and a minor decline in volume (-1.49%). Liquidations for both BTC and ETH saw a significant bias toward long liquidations. The long/short ratio for BTC futures was relatively balanced at 49.29%/50.71%, whereas ETH futures leaned bearish at 47.21%/52.79%. Notably, ETH had a slightly higher funding rate (0.0089%) compared to BTC (0.0077%), indicating marginally higher demand for ETH shorts. BTC Futures Updates Total BTC Open Interest: $67.22B (-0.45%) BTC Volume (24H): $100.36B (+3.42%) BTC Liquidations (24H): $42.46M (Long)/$22.73M (Short) Long/Short Ratio: 49.29%/50.71% Funding Rate: 0.0077% Ether Futures Updates Total ETH Open Interest: $28.25B (-1.77%) ETH Volume (24H): $53.94B (-1.49%) ETH Liquidations (24H): $39.83M (Long)/$5.82M (Short) Long/Short Ratio: 47.21%/52.79% Funding Rate: 0.0089% Top 3 OI Surges A8: $15.78M (+120.04%) FORTH: $1.96M (+64.91%) 1000CHEEMS: $20.44M (+47.82%)

Today's TapSwap Daily Cinema Codes for November 14, 2024

Get ready, TapSwap fans! Today’s exclusive cinema codes for November 14, 2024, have arrived, offering you fresh opportunities to earn even more rewards. Don't miss out on boosting your shares and unlocking new perks just by entering today’s daily codes. Read on to grab your codes, enter them in the app, and watch your earnings grow! Sign Up With Bitget Today and Claim Your $200 Welcome Gift! Key Takeaways Daily Cinema Codes for November 14, 2024 are “8tgz”, “3Tp” and more. Qualify for the TapSwap airdrop by actively engaging in tasks, boosting your shares, completing code challenges, and connecting your wallet. Join the Bitget Quest, learn about Bitcoin, complete the quiz, and stand a chance to win 25 USDT in weekly rewards through a lucky draw. TapSwap Daily Cinema Codes for November 14, 2024 Zero-Cost Business Ideas - Code: 8tgz Start Making Money with NFTs | Part 2 - Code: 3Tpe OpenSea 2.0 Launch! - Code: 5$%hG Sei Network Ambassador Challenge | Part 3 - Code: 3#DaP Lucrative Niches - Code: wo9p1 Secret Investment Tactics - Code: 76n2g Start Career in IT - Code: 7oin2 Find Clients On Freelance - Code: 6yta Make Money From Home - Code: 2o4n6 Extra Cash For 2025 - Code: ait7y Turning $100 Into $10,000 - Code: ued6 How to Qualify for the TapSwap Airdrop To qualify for the TapSwap airdrop, follow these steps: Engage Actively: Regularly interact with the TapSwap app by completing daily tasks, participating in in-game activities, and tapping to earn points. Accumulate Shares: Increase your shares balance, as this is a primary factor in determining your airdrop allocation. Complete Code Tasks: Participate in designated tasks, such as watching specific YouTube videos and entering codes, to earn additional shares. Utilize Tappy Town: Actively engage in the Tappy Town feature as it becomes available to unlock new earning opportunities and improve your eligibility. Use Paid Boosts: Consider utilizing paid boosts to double your shares balance, potentially increasing your airdrop rewards. Connect Your Wallet: Ensure your wallet is connected to the TapSwap platform to secure your participation and readiness for the airdrop. Consistent engagement and adherence to these steps will enhance your chances of qualifying for the TapSwap airdrop. Ready to boost your earnings even further? Alongside qualifying for the TapSwap airdrop, you can now take on the Bitget Quest! Dive into Bitcoin learning resources, ace the quiz, and stand a chance to win 25 USDT in Bitget’s exclusive event. Bitget Quest: Learn About Bitcoin and Win 25 USDT Traders are invited to participate in the Bitget Quest, an event designed to mark Bitcoin’s latest all-time highs with an educational challenge. Through a series of tasks, participants gain insights into Bitcoin, the world’s leading cryptocurrency network, with a chance to win a 25 USDT reward. Running from November 13th to November 27th, 2024, the event offers weekly rewards to 20 participants who complete the quiz with perfect scores, selected through a lucky draw. Participation involves three straightforward steps. First, users must register on Bitget if they have not done so. Next, they review provided learning resources on Bitcoin before completing the quiz. Perfect scores earn participants entry into the weekly draw for a chance at the reward, subject to KYC verification and additional terms. This event offers a unique opportunity to engage with the Bitget platform while enhancing cryptocurrency knowledge. Sign Up With Bitget Today and Be Ready To Trade the TAPS Token!

Top 10 Largest Crypto Airdrops Up to 2024

Crypto airdrops are a well-known phenomenon, but which ones stand out as the most significant in history? This article will delve into the top 10 largest crypto airdrops, examining their market impact and their role in advancing decentralized finance and Web3 adoption. Whether you're an experienced investor or simply interested in the trends, explore how these airdrops made waves and opened up new possibilities. Kickstart your crypto journey and get a 6200 USDT package gift What Is Crypto Airdrop? A cryptocurrency airdrop is a marketing strategy used by blockchain startups to promote a new virtual currency by distributing free tokens to wallet addresses. This initiative aims to increase awareness and encourage trading of the token, especially when it launches as an initial coin offering (ICO). Airdrops are often announced through websites, social media, and forums, and recipients may need to hold a minimum amount of a specific cryptocurrency or complete certain tasks, like sharing posts, to qualify for the tokens. Top 50 Crypto Airdrops in Crypto History In 2021, 18 of the top 50 crypto airdrops occurred, a significant increase from just 5 in 2020. However, the numbers dropped in 2022 and 2023, with 14 and 13 major airdrops making it into the top 50, respectively, likely due to the crypto winter bear market discouraging new airdrops. The total value of airdrops increased slightly from $7.28 billion in 2020 to $7.46 billion in 2022. Notably, Bonk (BONK) surged to its all-time high in December 2023, becoming one of the top airdrops. In 2023, the total value of crypto airdrops reached $4.56 billion, which is only 61.1% of 2022's value, as many new tokens released during this period have not yet experienced a bull market like those from 2020 to 2022. Top 10 Largest Crypto Airdrops Here are the 10 largest airdrops that have had a significant impact on the crypto landscape. Take a look below. #1: Uniswap (UNI) Uniswap (UNI) executed the largest crypto airdrop in history, distributing $6.43 billion worth of tokens on September 16, 2020, when the token peaked at an all-time high price of $42.88. This airdrop was a significant event during DeFi Summer, reviving interest in the airdrop model first introduced in 2014 with Auroracoin in Iceland. The airdrop targeted early adopters and active users by requiring them to interact with the platform before a specific snapshot date, ensuring that rewards went to genuine supporters of the Uniswap ecosystem. The distribution method was designed to enhance user experience and incentivize further participation, which ultimately increased the platform's user base and transaction volumes. This event boosted engagement with decentralized applications (dApps) and non-fungible tokens (NFTs), promoting innovation within the decentralized finance landscape. The success of the Uniswap airdrop not only solidified its market position but also set a precedent for future crypto airdrops, showcasing Uniswap's commitment to community growth and technological advancement. #2: Apecoin (APE) Apecoin (APE) conducted the second-largest crypto airdrop on March 17, 2022, distributing $3.54 billion worth of tokens when the price peaked at $23.63. The airdrop primarily rewarded owners of Yuga Labs' Bored Ape and Mutant Ape NFTs, allowing them to claim up to 10,950 tokens, valued at $258,737. By selling these tokens at their peak price, recipients could effectively acquire a free Bored Ape Yacht Club NFT, which had an average floor price around $200,099 prior to the airdrop. This strategic distribution aimed to enhance user engagement and expand the ApeCoin ecosystem, with 15% of the total $APE token supply allocated to NFT holders. The demand was met through a dedicated claim page, significantly benefiting the community. The impact of the airdrop was substantial, bolstering the network by attracting new users and increasing token liquidity, which led to enhanced trading volumes and decentralized network growth. By fostering a diverse user base, ApeCoin strengthened its market presence and set the stage for future innovations, emphasizing its commitment to community involvement and advancement within the blockchain landscape. #3: dYdX (DYDX) dYdX (DYDX) executed the third-largest crypto airdrop on September 8, 2021, distributing $2 billion worth of tokens at an all-time high price of $26.80. However, the full value of the airdrop is unlocked over a five-year period, with portions released incrementally. This structure means that while the initial distribution appears significant, recipients will realize the total value over time. dYdX is known for its innovative approach in the decentralized finance (DeFi) space, particularly its focus on margin trading, which allows users to enhance their investment returns. The airdrop aimed to reward user engagement and support, fostering a vibrant community around the dYdX ecosystem. To claim the airdrop, users connected their wallets on the official dYdX site, where they could verify their eligibility based on activity criteria such as holding specific cryptocurrencies or interacting with the platform. The impact of the airdrop was considerable, enhancing user adoption and liquidity within the market. By reaching a broad audience, dYdX increased its visibility and paved the way for future growth. This strategic initiative not only catalyzed user engagement but also reinforced dYdX's position as a leading player in the decentralized finance landscape. #4: Arbitrum (ARB) Arbitrum (ARB), a leading Ethereum Layer-2 solution, executed a major governance token airdrop on March 23, 2023, to promote decentralization and engage its community. The airdrop, valued at $1.97 billion, targeted early adopters and rewarded users based on their activity on the platform. Following the airdrop, Arbitrum experienced a significant surge in users and transactions, establishing itself as the largest Layer-2 network on Ethereum. The total value locked (TVL) in the Arbitrum ecosystem increased by 147.2%, reaching a peak of $3.68 billion. This initiative not only strengthened community ties but also set the stage for future growth and innovation within Arbitrum. #5: Ethereum Naming Service (ENS) The Ethereum Naming Service (ENS) airdropped tokens valued at $1.87 billion to promote decentralization and user engagement. Following a snapshot on October 31, 2021, 25% of the total supply was distributed to holders of “.ETH” domains. Users could claim these governance tokens until May 4, 2022, with allocations based on the duration of domain ownership, expiration times, and engagement levels. The airdrop significantly increased ENS's visibility and encouraged new users to adopt ENS domains, resulting in positive community engagement and discussions. This initiative not only rewarded existing users but also fostered a supportive user base, contributing to the long-term growth and stability of the ENS ecosystem. #6: Internet Computer Protocol (ICP) The Internet Computer Protocol (ICP) Airdrop, conducted in May 2021, was a strategic initiative valued at approximately $1.74 billion, aimed at expanding the network's reach and increasing user engagement. The airdrop distributed tokens to about 50,000 active participants, including those involved in wallet activities and community interactions, with each receiving around 2,513 tokens. This initiative significantly impacted the cryptocurrency community by driving attention, enhancing token liquidity, and promoting a more decentralized network. By rewarding early adopters and fostering a diverse community, the airdrop established a foundation for future governance participation and set a new precedent in the crypto industry, encouraging similar strategies for boosting network engagement and decentralization. #7: Bonk (BONK) The Bonk (BONK) token airdrop, valued at approximately $1.33 billion, ranks as the seventh largest airdrop in the crypto market. Launched in late 2022, Bonk is a meme coin associated with the Solana blockchain that has utilized airdrops to engage and expand its community, achieving notable attention and high market value by December 2023. The airdrop was strategically executed to target various segments of the Solana community, ensuring broad and fair token distribution. Key allocations included 21% for Solana NFT holders, 15% for DeFi users, and 5.3% for validators and developers, reflecting an inclusive approach aimed at fostering community participation. The impact of the Bonk Airdrop was significant, leading to increased activity on the Solana blockchain and higher transaction volumes, especially around listings on major exchanges like Coinbase and Robinhood. This initiative not only enhanced Bonk's market presence but also contributed to greater liquidity and user engagement within the Solana ecosystem, reinforcing its vitality and functionality. #8: Celestia (TIA) Celestia (TIA), known for its innovative modular protocol, is conducting the Genesis Drop airdrop, distributing 60 million TIA tokens to eligible participants. This initiative aims to reward early adopters and increase community engagement within the ecosystem. The distribution targets various contributors, including public GitHub contributors, active users of Ethereum rollups, and stakers or IBC relayers on platforms like Cosmos Hub. Each of these groups will receive 20 million TIA tokens. The airdrop is expected to enhance network activity and trading volumes, promoting greater decentralization and resilience in the Celestia network. Valued at around $0.73 billion with an all-time high price of $13.99, the Genesis Drop is the second largest crypto airdrop in 2023 and does not utilize 'farming' mechanisms, focusing instead on rewarding specific beneficiaries. #9: LooksRare (LOOKS) The LooksRare (LOOKS) airdrop in 2022 distributed around $712 million worth of tokens to eligible users who traded on OpenSea between June and December 2021. Participants could claim up to 10,000 LOOKS tokens by listing an NFT on the LooksRare platform, with distribution amounts based on their trading volumes. The airdrop resulted in a significant immediate impact, boosting the token's value by 180% and generating over $20 billion in trading volume. However, long-term engagement proved challenging, with less than 10% of airdropped wallets remaining active four months later and only 0.2% a year after. This illustrates the effectiveness of airdrops for short-term engagement but underscores the difficulty of sustaining long-term user interest in the crypto market. #10: 1inch Network (1Inch) The 1inch Network (1Inch) airdropped approximately $671 million worth of tokens to users in December 2023, including an additional 15,055,000 1INCH tokens for users of Mooniswap, Uniswap, Gnosis, and Argent. Conclusion These airdrops have not only benefited early adopters but have also shown their promise as instruments for market engagement and expanding networks. As the cryptocurrency landscape continues to change, airdrops serve as an essential mechanism for projects to draw in users, enhance liquidity, and encourage active involvement. By keeping up with these influential events, investors and enthusiasts can gain a clearer insight into how airdrops influence the future of cryptocurrency and decentralized ecosystems. Trade Smarter. Invest Wiser. Grow with Bitget Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

AlienSwap (ALX): Revolutionizing the NFT Marketplace

What is AlienSwap (ALX)? AlienSwap (ALX) is a decentralized NFT marketplace designed with the community at its core. Unlike other platforms, AlienSwap is membership-based and ensures that 100% of its revenue is returned to the community. Artists, collectors, and traders are not only encouraged to participate but are also rewarded for their contributions. One of AlienSwap’s guiding principles is decentralization, meaning that the marketplace is not controlled by a central authority. Instead, all community members have the chance to fully own and shape the platform. Whether it's through trading, providing feedback, or helping the marketplace grow, the community is the driving force behind AlienSwap’s success. The platform’s ethos is summed up in its motto: "We Aliens build, We Aliens share!". By focusing on decentralization and community ownership, AlienSwap offers a radically different NFT trading experience from other major platforms like OpenSea, which still operate under more centralized models. Who Created AlienSwap (ALX)? As of now, the specific creators behind AlienSwap are not publicly known. What VCs Back AlienSwap (ALX)? Although the founders of AlienSwap remain anonymous, the platform has gained the attention and financial support of several high-profile venture capital firms. These backers include Aracea Capital, Next Leader Capital, C2 Ventures, BIP32, Ankr, and more. These investments highlight the strong belief in AlienSwap’s potential to become a major player in the NFT space. How AlienSwap (ALX) Works At its core, AlienSwap operates like a traditional NFT marketplace: users can buy, sell, and trade NFTs. However, it is much more than that. The platform integrates several unique features designed to make it a more efficient, community-oriented, and cost-effective option for traders and collectors. 1. Membership-Based Marketplace AlienSwap is a membership-based marketplace, meaning users can earn benefits for participating in the community. Members gain rewards for trading and are given a stake in the platform’s success through various perks like trading fee bonuses, rewards, and lower transaction rates compared to mainstream NFT markets. One of the key benefits of being part of AlienSwap’s membership program is the AlienSwap Pass, which gives holders VIP status. VIP members enjoy exclusive privileges and higher levels of rewards. %1. Revenue Sharing What truly sets AlienSwap apart is its commitment to revenue sharing. The platform gives 100% of its revenue back to the community. Unlike traditional marketplaces, where profits go to a central authority or the platform owners, AlienSwap distributes its profits to users in the form of trading rewards, staking rewards, and membership rewards. This system allows the community to benefit directly from the success and growth of the platform, creating a more equitable and rewarding environment for everyone involved. %1. Decentralized Ownership AlienSwap’s vision is to create a fully decentralized NFT marketplace, where community members have full ownership and control over the platform. Users not only engage in buying and selling NFTs but also help shape and improve the marketplace through their participation and feedback. This collective involvement helps AlienSwap remain dynamic and responsive to the needs of its users. By embracing decentralization, AlienSwap allows its community to make decisions that directly influence the platform’s growth and development. This approach ensures that the platform evolves in a way that benefits its users rather than serving the interests of a central authority. %1. Bulk Trading and Batch Listing One of the standout features of AlienSwap is its support for bulk trading and batch listing. These are features that many traders have been asking for but are not yet available on other leading NFT marketplaces like OpenSea. With bulk trading, users can buy and sell multiple NFTs at once, making transactions quicker and more efficient. Batch listing also allows users to list several NFTs simultaneously, streamlining the process of putting digital assets up for sale. These features cater to the needs of professional traders and collectors who deal with high volumes of NFTs. %1. NFT Aggregation for Liquidity AlienSwap also offers NFT aggregation, meaning it pulls liquidity from multiple NFT markets. This ensures that users can always find the best deals available, regardless of which marketplace the NFT is listed on. By aggregating liquidity, AlienSwap makes it easier for collectors to buy and sell NFTs without being limited to a single platform’s listings. %1. Multichain Support One of AlienSwap’s most impressive features is its multichain support. AlienSwap integrates with multiple blockchain networks, allowing users to trade NFTs across different platforms. Currently, the platform officially supports several leading blockchains, including: ZKFair Network, Scroll Network, Manta Network, Optimism, Arbitrum, Base Mainnet, and Linea Mainnet. By supporting multiple blockchains, AlienSwap makes it easier for users to access a wide variety of NFTs and enhances cross-chain liquidity, further improving the trading experience. %1. The AlienX Blockchain and ALX Token AlienSwap operates on the AlienX blockchain, which has its own governance and gas token called ALX. ALX is used to power transactions on the AlienX blockchain and also serves as a governance token, allowing holders to participate in decisions that affect the platform’s future. In addition, ALX airdrops are regularly distributed to community builders, with 50% of the airdrop rewards allocated to participants in Trade Sessions and the remaining 50% given to early contributors to AlienSwap’s development. Users can accelerate their acquisition of ALX by holding an AGP NFT. %1. Flash Sell and AlienSwap Points The Flash Sell function on AlienSwap allows users to sell NFTs quickly and efficiently. In return, they earn AlienSwap Points, which can be used to unlock additional rewards within the platform. This feature incentivizes users to trade actively while offering them a way to accumulate more benefits as they engage with the marketplace. The Road Ahead for AlienSwap AlienSwap continues to grow and shows no signs of slowing down. The platform’s commitment to decentralization, community empowerment, and innovative features like bulk trading and NFT aggregation sets it apart as a leader in the NFT space. As more users join the AlienSwap community and take advantage of its unique features, the platform will likely continue to evolve, offering even more opportunities for collectors, artists, and traders to engage with the world of digital assets in a way that puts the community first. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.