This week on Crypto Twitter: Fantasy Top the Charts, Trump Courts Crypto

This week on Crypto Twitter: Fantasy Top the Charts, Trump Courts Crypto


Description by Mitchell Prefer for Decrypt.

This week, the gamified rivalry between crypto Twitter influencers generated a frenzy of posts and millions in profits, while major public figures like Tom Brady and Donald Trump returned to the crypto waters.

Virtual high-An Ethereum NFT game that is pitting its social media fan base has made waves this week with tribes of crypto Twitter users angrily commenting and retweeting in support of their chosen influencers. The game is paid. 1.25 million dollars This week for the creators and millions more in Blast Gold for the success of the game.

As the first round of the game ended this week, the influencers along with their followers took a victory lap; Many labels have shared their bounty with fans who pushed them over the top.

While most of the buzz surrounding Fantasy Top has been positive, the impressive ProfitabilityOther long-term “SocialFi” projects that have no use case other than generating speculative interest have been more skeptical. fall out After stopping.

Binance

Meanwhile, in the real world, Tom Brady caught some Crude jokes Earlier this week, his Netflix grill about his current crypto commitments and past ties to the failed FTX exchange. Many crypto users welcomed the short prime period as a sign that crypto could still go higher.

The biggest headline on impact crypto on Wednesday, however, is when former President Donald Trump will step down and host a Dinner party For owners of NFTs at the Mar-a-Lago resort in Florida.

At the meeting, Trump announced his intention to accept crypto in the United States if re-elected, sending many crypto users into a frenzy.

At the same event, another NFT holder asked Trump about BODEN, a meme coin mocking President Joe Biden. Simply by cupping about it – he didn't think the coin looked like a good investment – BODEN get up the next day.

Incredibly, users of the crypto betting site Polymarket paid nearly $100,000 on whether Trump would mention the coin by July. But read the fine print: Trump had to say the word ‘Boden,' and he failed. So close, so far.

For all its rudeness, the Trump phenomenon was the stark contrast to the presidency. Joe Biden endorsed the SEC earlier in the week, and many analysts saw a serious election wedge case brewing. “Crypto voters will be heard in this election,” former TIME and Bloomberg tech reporter and Moon Pay exec Keith Grossman tweeted. “What is really needed is not fragmentation, but a clear regulatory framework that is not politicized.”

Edited by Ryan Ozawa.

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