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0.00004536 BTC
Market Cap (Rank#199)
6,044 BTC
Vol 24h
19.909 BTC
Circulating Supply
Max Supply
93 days agocryptodaily
Monoverse CEO Jayden Lee believes P2E games can’t lose sight of their main purpose: entertainment
Since last year, blockchain games, both play-to-earn (P2E) and non-fungible tokens (NFTs), have been a bell ringer in the Korean domestic game industry. Leading companies like WeMade, Com2uS Group, Kakao Games, and even Netmarble and NCsoft are jumping into the field, with startups simultaneously looking for opportunities to do the same. In this sphere, Monoverse, developer of NFT game Frutti Dino, also drew mass public attention by attracting $3.1 million of pre-series A investment from Korea Real Estate Investment and Trust. Monoverse CEO Jayden Lee emphasized the need to understand game’s decentralized architecture and ensure this is prioritized from the initial planning stage of a game’s development. It is not enough to only integrate blockchain systems into the existing games. This process also requires insight to apply various profit models in decentralized architectures. However, he further explained that the most important thing is the gameplay. Clearly players expect to profit from P2E blockchain games. Yet, the meaning of IP (intellectual property) will be lost if the sole focus is profit making. Therefore, Jayden wished that Frutti Dino users could develop an emotional attachment to the in-game characters to creates greater profits throughout the process. Jayden became interested in the blockchain industry in 2014. He took part in a lecture at the time, and he got into the field because he was fascinated by the idea of ‘programmable cryptocurrencies.’ At that time, there were only a few existing blockchain-related companies and hardly any reference materials. Jayden Lee, CEO of Monoverse The importance of flexible thinking Recently in Korea, the blockchain industry has developed to mainly integrate P2E technology in existing successful game projects such as 'Mir 4' and 'Fire-blooded Global.' However, Jayden emphasized that future blockchain games should be developed with decentralized architecture from the initial planning to ensure diversification. “The biggest difference between traditional games and blockchain-based games is the revenue model,” says Jayden. “Even in the business model design, there is a very clear ‘best answer’ for the traditional game. However, for the blockchain-based games, there would be various revenue models such as crypto listing, including NFT issuance, mainnet, and node activity. Integrating cryptocurrency to existing games is not a panacea. We need to understand everything from governance to commodities.” From the perspective of Web 3.0, Jayden believes decentralized games will eventually become mainstream. Therefore, it is necessary to understand the decision-making structure of decentralization and to explore more different profit models within it. He added that there will be various ways to attract investment, such as crowdfunding, within the blockchain ecosystem rather than a traditional process. In fact, Jayden's ideas are also reflected in the talent recruitment of Monoverse. He explained that he is looking for a form of acquiring and integrating a promising development team into the company. He is also looking for a team with an open mind and expert insight into decentralized architecture and the various revenue models that can be created within it. “We need a deep understanding of what synergies can be created when we apply blockchain to our games. This means that you need to understand the decentralized decision-making architecture and explore more monetization models. You also need to understand that there will be differences in the development sequence or collaboration process. Obviously, a team with advanced insight is ideal. But also, if difficulties arise during the project, your team should remain cooperative and open-minded.” Uncompromising ‘essence of game' Jayden Lee prides himself on being a 'game maniac.' From classic games to the latest console games, he is confident that he’s played every game on the market. His love for gaming is also reflected through Frutti Dino’s development. Jayden explained that he was convinced that the most important thing was quality after experiencing various games ranging from the Romance of the Three Kingdoms to Frutti Dino. “Speed is also important since the market will not wait for us. But I think perfection and detail are more important than that. Better games with advanced content are important. Since I started playing P2E games in 2019, they have changed a lot. But in the end, I learned that intrinsically good games succeed.” At this point, what Jayden considers ‘playability’ is emotional connection. When you play blockbuster games, you develop a strong desire to play which in turn leads to a stronger attachment and immersion in the game. Jauden also explained that blockchain-based games can inspire other monetization models through an emotional approach. Before the official release of Frutti Dino as we know it now, Jayden had been preparing a social-oriented game where users could develop emotional connection with the in-game characters. In the expenditure mode of Frutti Dino, the Dino characters can send messages, take photos, mine minerals, and send recipes, among other actions. The purpose is to cultivate attachment to the character itself by acquiring goods or expectations for them. It is possible to create NFTs not just for items and gold, but also for byproducts and various goods created from the characters themselves, diversifying monetization methods even further. “The reason people buy character NFTs is actually for profit. However, if you only pursue profit, the nature and meaning of IP will be lost. I think it is important to create a virtuous cycle structure, sticking to the methodology of the game so people can connect to the characters and ‘grow’ them well, to then sell them at better prices. This will ultimately make the IP last longer. In that respect, I like the term NFT game more than the term P2E as we don’t want to lose the essence of why players are playing.” The path to global success Currently, Jayden’s and Monoverse’s main focus is building internal stability. Rather than being swept away by the trend, Jayden is going to progress the game, step by step, based on his accumulated knowledge, experiences, and industry observations. Accordingly, while concentrating on improving the quality of Frutti Dino, we plan to explore the expansion of the sidechain 'Entropy' by building up confidence in the direction and external recognition, consolidating the internal structure. In particular, his focus is on going overseas and entering the global market. As for console games, the market is saturated by companies based in the United States and Japan, leaving little room for Korean-based companies. As for the blockchain-based game, Jayden believes that there’s potential for Korean companies to gain a market share and achieve great success. “Since 2019, I have been sure that NFT games would be classified as its own category. We are seeing the preliminary stages of that unfolding now. I’m anticipating that masterpieces will come out and lead this market. I would love to see Korea take the biggest share in this market. Our goal is to be the most popular game in North America, South America and Southeast Asia. We trust our team and our PD to make this happen, and we are sure we have the skills and character onboard. We are trying to make the 50:50 odds to 51:49, and then to 100:0 which means we will continuously increase the chances of success.” Source (Korean): Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
96 days agocryptodaily
How does the potential of Pac-man Frog (PAC) compare with Flux (FLUX) and Moonbeam (GLMR)?
Try your luck with Flux(FLUX) The development of the internet will be supported by blockchain technology as we approach the next phase, currently known as Web 3.0. The Flux ecosystem is a series of tools and decentralised computing services. Flux was created to allow developers to build applications and products with real utility on an accessible blockchain platform. The platform operates using two tools, FluxNodes and FluxOS. FluxOS is a dedicated system where users can take advantage of Flux’s storage and application hosting services. FluxNodes can be referred to as the engine that keeps applications running 24/7, anywhere globally. All holders of FLUX tokens can become node operators, providing data and servers through which the applications function. Flux(FLUX) has made continuous efforts to solidify its partnerships with global leaders across a wide range of sectors to become more accessible for corporate adoption. This has been achieved whilst preserving the principles that support the crypto industry at its inception, giving users a role in the procedure of developing the future of the internet. Flux(FLUX) has grown by over 800% over the last year and is still yet to hit its full potential. Currently priced at $1.47, many experts expect the token to reach $5 by the end of 2022. It is imperative to conduct your own research before making an investment! Moonbeam (GLMR) To the moon? Moonbeam(GLMR) is an Ethereum-compatible smart contract platform built on the Polkadot ecosystem. As a parachain, Moonbeam is secured by the Polkadot relay chain and has the benefit of interoperability with other projects on the network as they go live. Moonbeam(GLMR) is compatible with the Ethereum Virtual Machine(EVM), This means that developers can transfer applications from the Ethereum network with few changes to the underlying code. Before establishing itself on Polkadot, Moonbeam(GLMR) launched Moonriver(MOVR), a prototype network on Kusama (Polkadot’s canary network). This was to ensure that all the functions of the network were intact before its official release. As it stands Moonbeam hosts 30 applications, including many decentralised applications such as “Sushiswap” Since the launch of Moonbeam(GLMR), The network has reached a minimum of 48 collators and along with Ethereum compatibility has activated its staking features. Following an explosive launch in January, Moonbeam is now priced at $2.61. This represents an 86% decline since the previous high. The project is still very early in its development so this could offer an opportunity for those interested in investing early in a potential “Ethereum Killer”. Gain through games with Pac-man Frog (PAC) Pacman Frog(PAC) is a project that has a vision to develop a dedicated community and gaming branch empowering developers by providing access to community, capital, and support to expand the world of blockchain gaming and NFT’s. The team envisions Pac-man Frog (PAC) as the place to meet the needs of DeFi, metaverse, gaming, and NFTs. The project’s features include Simple launchpad, NFT launchpad, game incubator, NFT aggregator, GameFi NFT marketplace, and users’ onboarding, as per its website. The plan is to become the landing spot for the support of DeFi, gaming, and NFTs. Features include the simple launchpad, NFT launchpad, game incubator, NFT aggregator, and providing users with the opportunity to onboard using the website. Pacman Frog (PAC) is a network that plans to revolutionise the gaming industry by integrating blockchain technology with the gaming industry. The ecosystem is built on the Solana (SOL) blockchain so users can benefit from optimised network performance and low gas fees. Currently, Pac-man Frog (PAC) is an affordable asset, and still in its early stages of development, Now would present a good opportunity to invest in the project. Find out more: Pacman Frog Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
267 days agocryptodaily
VC Giant a16z Invests in Nym, a Privacy Startup Integrating With Bitcoin
Privacy startup Nym Technology raised $13 million in its latest funding round led by Andreessen Horowitz, at a valuation of $270 million. This fresh fundraising comes after raising $6.5 million from Polychain Capital in July and a $2.5 million seed investment in 2019, which was led by leading cryptocurrency exchange Binance’s VC arm. “Encryption is becoming an incredibly important component of the internet today, and Nym provides privacy at the very bottom layer as a foundation for other private solutions to be built on top,” said Ali Yahya, general partner at Andreessen Horowitz. Other investors this time included Barry Silbert’s Digital Currency Group, Huobi Ventures, Fenbushi Capital, Tayssir Capital, HashKey, and over two dozen more. The new capital is already being deployed by the project to increase its headcount to 30 from the current eight-member team. Nym has also recruited whistleblower Chelsea Manning, former US Army intelligence analyst, who leaked thousands of classified documents in 2011. Nym’s co-founder George Danezis has also rejoined the project in October. He briefly left the project to help the social media giant Facebook with its own digital currency Libra, rebranded Diem, after it acquired Danezis’ other company Chainspace. Nym is also planning to release a grant program for independent third-party developers, starting next year. Making the internet more private Founded in 2018, the Switzerland-based Nym is developing the infrastructure to prevent data breaches by protecting metadata. The project obfuscates internet data through its system called a mixed network or “mixnet.” In addition, Nym also offers credential service through which users can privately reveal part of their data at their own discretion for necessary authentication. Recently, Nym technology launched its desktop wallet for mixnodes to bond, delegate, receive rewards, and more. Mixnet operators get rewarded for mixing traffic with tokens, but to be part of the mixnet, mixnodes have to stake their tokens, and other token holders can also delegate additional stakes to them to show their preference. Mixnodes are rewarded in proportion to their total stake and the quality of their service. It ensures the security of the system by making it harder for an adversary to construct a path of malicious nodes. Last week, the Nym team coded up its tokenomics and deployed it to testnet. As per its whitepaper, NYM is necessary for the functioning of the Nym network as it is required by all actors to participate in the network, which will be fully operational at launch. “In a nutshell, NYM rewards participation helps prevent network abuse and incentivizes the reliability and availability of the network as it scales up to meet growing demand,” it said. While currently operating in test mode, Nym aims to go live at full capacity before the year is over. Besides relaxing the desktop wallet for node operators to pledge their tokens and join the Nym network, it also open-sourced its Mixnet Explorer. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Nano

The live price of Nano (XNO) today is 1.0961 USD, and with the current circulating supply of Nano at 133,248,297.20 XNO, its market capitalization stands at 146,049,883 USD. In the last 24 hours XNO price has moved 0.0122 USD or 0.01% while 507,521 USD worth of XNO has been traded on various exchanges. The current valuation of XNO puts it at #199 in cryptocurrency rankings based on market capitalization.

Learn more about the Nano blockchain network and how it works or follow the price of its native cryptocurrency XNO and the broader market with our unique COIN360 cryptocurrency heatmap.

Nano Price1.0961 USD
Market Rank#199
Market Cap146,049,883 USD
24h Volume481,121 USD
Circulating Supply133,248,297.20 XNO
Max Supply133,248,297 XNO
Yesterday's Market Cap145,182,880 USD
Yesterday's Open / Close1.0774 USD / 1.0896 USD
Yesterday's High / Low1.1238 USD / 1.0754 USD
Yesterday's Change
0.01% ( 0.0122 USD )
Yesterday's Volume507,521.22 USD
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