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Crypto News

Crypto Market Crash Pauses Commercial Deals With Sports Firms

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The current downtrend of the crypto market has negatively affected financial institutions, particularly those dealing with digital currencies. Currently, some firms are beginning to feel the heat from a different angle. This involves sponsorship deals between these digital currency companies and sports teams. This is particular to the crypto firms that have already spent hundreds of millions on the matter. The Crypto Winter Takes Hold As of 2021, the news reported that many digital currency firms invested billions of dollars in sponsoring sports. These companies had believed that the same would occur in 2022, only to wake up to the dawning of the downturn in the crypto market. Suggested Reading | Celsius (CEL) Price Scorches To 130% Rally Despite Frozen Network Accounts As the crypto winter takes hold, there have been records of losses for certain digital currency firms. This led them to make some hard decisions, such as trimming costs and staff headcounts. Moreover, companies that ventured into heavy sports deals are seeking ways to sustain their operations. As such, there is a need to cut down costs. According to the reports, the digital currency exchange, FTX, drew back on the issue of offering a jersey patch for the Los Angeles Angel of MLB. This occurred some weeks back, seeing the tanking of the digital currency market. However, from the news, FTX had shelled out $135 million in March 2020 to rename the Miami Heat’s home. Sources cited another example of a nixed deal resulting from the crypto market crash. This involved the patch deal between a crypto firm and the NBA’s Washington Wizards. Many crypto companies consider the Washington Wizards patch desirable. This is because the regulators and politicians who supervise their games are more often in attendance. However, there was no response from the parties (Washington Wizards and FTX). Past Sponsorships Going further, Joe Favorito, a professor in charge of sports at the University of Columbia, made a statement about the situation. From his speech, there will be no announcement on sports partnerships or sponsorships until the bulls take over the market. Furthermore, it was disclosed that vast amounts of money were poured into sponsorships deals during the last bullish market trend. Some examples of crypto firms cited were Crypto.com, FTX, and Tezos. For example, sources noted that Crypto.com offered about $700 million to name the Los Angeles Lakers’ home for nearly 20 years. Furthermore, in March 2021, FTX offered $135 million, as stated earlier. This was intended to replace the name of the Miami Heat’s home arena with FTX Arena. Moving on to Tezos, the company offered 27 million dollars annually to maintain the Manchester United uniforms logo. However, the current market trend does not change the firm deals between NFT companies and real-world products. This means that there are certain benefits still available to the related parties. Suggested Reading | Shiba Inu Now The Largest ETH Whales’ Holding Despite Crypto Market Turmoil An example is Budweiser, a Golden beer manufacturer in partnership with Zed Run, a renowned horse racing platform. Another source example is Tom Brady’s Autograph NFT marketplace in partnership with ESPN. Again, the idea was to develop significant content for the sports television network. Featured image from Pexels, chart from TradingView.com

Crypto News

Drunk Robots Announces 4 Massive New Partnerships and a 5,000,000 $METAL Battle Prize Pool

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The post-apocalyptic city of Los Machines has become the hub of Play2Earn activity. After a sold-out IDO, Animoca Brands-backed Drunk Robots has partnered up with Infinity Force and 3 major guilds – has just rehauled its game economy after a sold-out IDO, increasing the rewards and making it even easier to enter the game. Drink, fight, earn After ‘play to earn’ and ‘move to earn’, has the time come for ‘drink and fight to earn’? At least that’s what the robots of Los Machines do all day long: consume vast quantities of beer, then thrash each other around. Despite this violent premise, Drunk Robots is outrageously fun – and very well designed at that. In fact, the robots look so good that the original collection of 10,101 characters was immediately sold out on Liquidifty and Binance NFT. You can currently buy robots in closed containers on the Liquidifty marketplace. While you do need a robot to fight in the Arena or scavenge $METAL, there are several mini-games that you can play 100% free – such as Knockout, where you have to shoot at other robots before they shoot you. The project counts 23,000 Discord members, over 64k Twitter followers, and 39k Telegram channel subscribers – for a total of 126 thousand users in the community. Few P2E games can boast such a large following just weeks after the IDO. Drunk Robots introduces a 5,000,000 $METAL prize pool for the Arena leaderboard The Play2Earn element of Drunk Robots is also well thought-out. Players earn prizes for participating in battles – and then they get even more if they manage to rise to the top of the leaderboard at the end of the season. This creates a strong incentive to compete in the Arena every day. On May 4, the team announced big changes to the game economy ahead of the second season, which starts on May 6. First of all, the seasonal prize pool for PvP (player versus player) battles is increased to 5 million $METAL tokens. A single robot can earn a player around 3,840 $METAL a month. The creators have also updated the prices of containers with robots, equipment, and energy booze (a special energy drink that robots need after a brawl). Starting from the second half of the season, players will need to take part in at least 5 battles every 24 hours to keep farming $METAL – or face a drop in the farming speed. 4 major gaming projects already collaborate with Drunk Robots Drunk Robots has also been expanding its roster of partnerships, adding three major gaming guild projects in a few weeks: Yield Guild Games SEA (YGG SEA, $SEA): the Southeast Asia branch of YGG, uniting 30,000 scholars across 18 countries; Avocado DAO ($AVG): a community of 11,000 scholars playing games like Axie Infinity and Revv Racing; Skill Guilds: providers of an advanced guild manager dashboard and a guild-building SDK. The latest partner to be announced is Infinity Force ($YNFF), a platform that connects players, guilds, and games. These collaborations follow a strategic partnership with Merit Circle, perhaps the most influential DAO in the blockchain gaming industry. Apart from these gaming partners, Drunk Robots boasts an exceptionally strong list of backers among venture firms, including Animoca Brands, Shima Capital, Moonrock Capital, and DEX Ventures, as well as Gate.io, ZB.com, and Oracles Investment Group. $METAL IDO sold out on 3 launchpads Amid all this partnership-building, Drunk Robots also held a highly successful IDO for its $METAL token. On April 7, three launchpads – Liquidifty, TrustPad, and GameFi – together sold 25,000,000 $METAL at $0.01 each, raising $250,000. Once $METAL was listed on PancakeSwap and Gate.io, the price rose over 300% above the IDO price to reach $0.43. $METAL has many uses in the Drunk Robots economy: reward payouts and scavenging (farming); leveling up robots and their equipment; drunk races (yes, it’s a completely legit activity for robots); re-rolling opponents in PvP battles, and much more. Drunk Robots’ roadmap for the next few months includes more detailed visualizations in the PvP arena; gangs and clans; farming virtual land, and more. To get your first robot and start earning $METAL, visit https://drunk-robots.com/ .

Crypto News

Drunk Robots IDO Comes Out Swinging April 7

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The Drunk Robots team just made a huge announcement: their IDO will launch on April 7 on the Liquidifty, GameFi and TrustPad platforms! It’s time for followers of the project, as well as lovers of beer, robots, and good old-fashioned brawls, to celebrate! Don’t miss this first chance to grab some $METAL tokens, as well as to invest in Drunk Robots alongside the project’s notable supporters, including animoca brands, merit circle, gate.io, zb.com, and 1inch! About Drunk Robots Drunk Robots is a play-to-earn RPG brawler built on the Binance Smart Chain. Players will make a name for themselves in Los Machines, a futuristic city inhabited by junky, drunk robots whose only interests are metal, beer, and violence. After purchasing a unique robot NFT (there are 10101 Drunk Robots NFTs in total), players will have to fight for survival as they attempt to seize control of Los Machines. Engage in brutal PVP battles, venture out on expeditions to find $METAL and booze, join a gang of fellow drunks, and customize the robot with upgraded weapons, gear, and collectibles. Drunk Robots also offers many free-to-play activities, such as mini-games that also grant valuable rewards. What is $METAL used for? Through their battles and adventures in Drunk Robots, players will earn various rewards, such as equipment and upgrades for their fighters, in the form of NFTs. Players can buy and sell these tokens on the game’s marketplace using $METAL tokens. $METAL tokens can be used by players to: Trade in-game items on the marketplace Progress their characters and equipment Battle in the PVP arena Participate in races Upgrade their level and more! How to Participate in IDO There are three options to participate in the Drunk Robots IDO: Liquidifty, GameFi and TrustPad. The $METAL token price and vesting conditions will be the same on all platforms, but each launchpad has its own system of allocation and its own terms for participation. Here’s what you need to know to get started: Liquidifty Liquidifty aims to bring more liquidity to the NFT market by granting NFT owners more use cases. Their platform provides different tools for NFT collectors; users can use cross-chain NFT oracles, take out loans using NFTs as collateral, earn with NFT vaults, trade tokens on a convenient cross-chain marketplace, or join a multi-ownership feature. Minimum Investment for FCFS: $600 Minimum Investment for Guaranteed allocation: $2000 Total number of METAL allocated: 5,000,000 KYC: No GameFi GameFi is an all-encompassing hub for game finance, serving game studios, players, traders, and investors in one place. GameFi brings the gaming community the promising blockchain game initiatives developed on the BSC and Polygon networks, which host most of the top-rated play-to-earn titles. Simultaneously, GameFi is the first marketplace to enable cross-game trading of in-game items and NFTs. Minimum Investment for Lottery: $889 Minimum Investment for Guaranteed allocation: $133,350 Total number of METAL allocated: 20,000,000 KYC: Required TrustPad TrustPad is a decentralized, multi-chain fundraising platform enabling projects to raise capital and promise safety to early stage investors. Stake TrustPad tokens to get priority-access to promising projects. Minimum Investment for Lottery: $1590 Minimum Investment for Guaranteed allocation: $7950 Total number of METAL allocated: 5,000,000 KYC: No Tokenomics and Vesting Total supply: 2,750,000,000 $METAL Public round allocation: 30,000,000 $METAL IDO and Listing price: $0.01 FDV on Listing: $27.5M TGE MarketCap with liquidity provided: 18,750,000 $METAL / $187,500 TGE MarketCap without liquidity: 5,000,000 $METAL / $50,000 Vesting schedule for public round: 10% TGE, 15% monthly For additional information, take a look at Drunk Robots’ tokenomics in more detail here: https://liquidifty.info/3hdfP4j Listing After the IDO, $METAL tokens will be purchasable on the Pancakeswap and Gate.io exchanges from April 8.