Web3 Gaming Highlights: Fableborne's Season 2 Play-to-Airdrop, Free NFT Mints, and Major Industry Moves – August 2024

Welcome to This Week's Edition of The Alchemists Informer!

Weekly Web3 Gaming Update

This past week brought some important updates in Web3 gaming—did you miss any?

Here are 9 key pieces of news you might have missed.

Stay informed with a quick recap below. 👇

What To Expect

• Web3 Gaming Updates

• Community Spotlight

• Airdrop

• Job Opportunities

• Bitcoin Market Analysis

• Fableborne Season 2 Play-to-Airdrop starts August 19, 2024. Discover a new hero, boss, 2 defense units, and 50 new campaign levels. Compete in the Siege Survival and Kingdom Klash events to earn Gold Essence. Great opportunities and rewards are waiting.

• Dark Machine is set to launch a free NFT mint on August 19, 2024. This event will allow participants to mint NFTs associated with the game, which is a third-person shooter set in a dystopian world, featuring battles with giant mechs.

• Illuvium has completed its latest revenue distribution, where the Illuvium DAO purchased 349 ETH worth of ILV tokens. This distribution is part of their ongoing strategy to buy ILV from the market and redistribute it to stakers.

• Autoverse Studios has successfully raised $8 million to develop its social drag-racing Web3 game, Auto Legends. The funding round was led by White Star Capital.

• Immutable has announced the closure of its Immutable X Marketplace, starting the wind-down process on August 13, 2024, with full operations ceasing by September 27, 2024. This decision aligns with the company's strategy to focus on supporting third-party marketplaces within its ecosystem rather than maintaining its own platform.

• Confiction Labs has introduced "Proof of Exposure," a novel NFT allowlist verification system for their game Riftstorm. This system is designed to combat the issue of bots in web3 gaming by verifying and rewarding genuine users, thereby preserving the immersive gaming experience for real players.

• Nemesis Downfall is set to launch its Node Sale on August 23, 2024. This initiative aims to decentralize the game's content distribution and patching system, allowing players to contribute to the network infrastructure by purchasing and operating nodes. Node operators will be rewarded with $ND tokens and other perks for their participation.

• The Uprising Genesis PFP NFT collection, consisting of 1,111 NFTs, sold out rapidly on the Oasys Layer 2 platform. This collection is designed to provide long-term utility and rewards, such as boosted proof of play points and game passes, reflecting strong interest in gas-free and high-speed blockchain gaming solutions.

• The Lost Glitches, a deck-building RPG, has launched its open beta on the Epic Games Store. This release marks the game's availability on the Arbitrum-based L3 gaming blockchain Xai, offering players a seamless Web3 gaming experience. The open beta will run for a month, leading up to the game's early access release later in 2024.

The Alchemists Community Spotlight

Wilder World Airdrop: Part I

The Wilder World airdrop, known as "The Odyssey: $WILD Airdrop," is a significant event in the Wilder World metaverse, offering participants the opportunity to earn $WILD tokens. This airdrop is structured as a three-part event, each with unique challenges and rewards aimed at engaging the community and expanding Wilder World's presence in the metaverse.

Key Details of the Wilder World Airdrop

• Event Structure: The airdrop is divided into three parts, with each phase offering different missions and rewards. Currently, Part I, titled "Outreach," is active. This phase focuses on community engagement and outreach initiatives.

• Participation: Participants, known as Wilders, can earn Shards by completing various missions. These missions include activities such as enhancing Wilder World's social media presence, participating in community events on Discord, and creating content about Wilder World.

• Rewards: Shards earned through these missions can be exchanged for $WILD tokens, which are the native cryptocurrency of Wilder World. The total reward pool for the airdrop is 5 million $WILD tokens.

• Future Phases: Parts II and III of The Odyssey will introduce additional challenges and opportunities, including the launch of the Wilder World Metaverse Marketplace and new in-game challenges within the alpha build of the game.

• Game Environment: Wilder World is an open-world metaverse that blends 1980s Miami aesthetics with cyberpunk elements, developed using Unreal Engine 5 and Ethereum blockchain technology. It offers a richly detailed environment for exploration, combat, and earning rewards.

• Token Utility: The $WILD token, an ERC-20 cryptocurrency, is central to Wilder World's ecosystem, facilitating transactions, governance decisions, and rewards within the metaverse. The token has a fixed supply of 500 million.

💼 Web3 Gaming Job Opportunities

• Beam: Senior Accountant, Global Apply

• Job Mobz: Gear Business Development Gaming Partnerships, Remote Apply

• Immutable: Solution Architect - Gaming (EMEA), Remote Apply

• Offchain Labs: Partnerships Manager, Web3 Gaming, Remote Apply

Websites to Continue Your Job Search

• Web3 Career: web3.career

• CryptoJobs: cryptojobs.co

• Crypto Careers: cryptocareers.io

• Remote3: remote3.co

• CryptoJobsList: cryptojobslist.com

• Cryptocurrency Jobs: cryptocurrencyjobs.co

• Web3.career: web3.career

• BuiltIn: builtin.com

Key Bitcoin and Market Predictions for the Coming Week (Eric Krown Youtube Summary)

As we navigate through a critical week for Bitcoin, the current positioning suggests potential risks and opportunities in the market. Here's a breakdown of the key predictions and analysis to help you stay ahead of the curve.

Bitcoin's Precarious Position

Bitcoin has opened the week in a potentially dangerous spot. The daily stochastic momentum is poised to cross to the downside, indicating a bearish shift as long as Bitcoin remains below the $59,400 mark. This bearish momentum is not just confined to the daily time frame but is also evident in the two-day time frame, which will likely confirm a downside move if Bitcoin closes below $59,000 tonight.

Adding to the concern, the five-day time frame, which has been governing the highs since March, is also showing a downward trend. The weekly time frame, while technically still upward, has seen its critical pivot shift significantly from $54,000 to $64,800. This substantial shift suggests increasing downside pressure, making this week particularly crucial for Bitcoin's trajectory.

Potential Downside and Key Levels to Watch

Bitcoin currently finds itself below the median level of $60,000, which serves as a psychological and technical barrier. The range to watch is between $60,000 and the lower boundary at $52,300. If Bitcoin fails to break above $60,000, a downside move towards $52,000 could be on the horizon.

This week presents a good opportunity for a potential downside move, though whether it gains substantial follow-through or ends up as a temporary dip remains to be seen. A possible scenario is a drop to the low $52,000 range, followed by a bounce. However, until Bitcoin reclaims the $60,000 level, caution is warranted.

Short-Term Strategy and Predictions

A short setup based on historical data suggests a potential 6% downside move if the current trade signal plays out. This could bring Bitcoin down to the $54,000 to $55,000 range, where a bounce is likely. However, this should be viewed as a short-term opportunity rather than a reversal signal, as the overall trend remains uncertain below $60,000.

Traditional Markets and Broader Implications

Looking at traditional markets, particularly the Nasdaq futures, there has been a strong bounce recently, but the short-term momentum appears to be waning. A pullback could be on the cards, potentially bringing the Nasdaq down to the 18,500 to 18,800 range. Such a pullback could also negatively impact Bitcoin, which has been showing relative weakness compared to traditional markets.

The US Dollar Index (Dixie) has been on a downtrend, which typically bodes well for Bitcoin. However, Bitcoin has not benefitted as expected, signaling a decoupling or other factors at play. The Dixie may see one more downside stretch, potentially leading to a short-term bounce. How this will impact Bitcoin remains uncertain, but it's a factor to watch as we approach the end of the month.

Conclusion

This week is shaping up to be a critical one for Bitcoin and the broader markets. The key levels to watch are $60,000 on the upside and $52,000 on the downside. A break below $60,000 could lead to a significant downside move, while a reclaim of this level could salvage the bullish outlook. Traditional markets and the Dollar Index will also play crucial roles in shaping the market dynamics this week. Stay vigilant and be prepared for volatility as the market tests these pivotal levels.

Not Financial Advice. DYOR

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May your strategies always lead to victory,

Until we meet again in the gaming realm,

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