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Decentraland Lords

Republished by Plato

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[0] Auction Pricing of Location & Scarcity

[0A] — Auction 1

Given that world building is a key part of the Decentraland experience, I wanted to test out whether buyers took into consideration the “hot-spot” location proximity as a motivating factor. Let’s assume that landmarks (the roads, districts, and the genesis block) might serve as these points-of-interest. From the smart contract metadata, we can filter the price paid for parcels by their distance to the different classes of landmarks.

  • Filter parcels by distance to landmark type (road, genesis, district).

If proximity to landmarks was considered a driving factor, we would expect to see higher price paid for closer proximity. In other words, the higher the ratio, the less median or average $USD paid. We would expect a decreasing function to see a positive relationship between price paid for proximity. From Auction 1, we can eye-ball the linear trendlines for higher signal.

[0B] — Auction 2

If we were to run the same analysis for Auction 2, there is almost no relation between the location and price for all three landmarks. Yet, we see that the prices paid in Auction 2 versus Auction 1 are consistently higher for all location parameters across the landmarks. One reason could be the perceived scarcity of $LAND assets; another reason could be the project’s timing and execution risk priced into the assets (a full year of development and market activity).

[1] Marketplace Pricing of Location & Scarcity

While most of auctioned parcels (~90%) have not touched the marketplace, we can look at the marketplace to observe emergent behavior of the property assets values. Specifically, the buyer’s behavior might inform an assumption of his/her’s expectation of land value features.

We can cut this metadata in two ways:

  • Filter traded parcels by # of times traded on the marketplace (turnover).

[1A] Turnover

One take-away from observing the turnover behavior is that $LAND parcels purchased on the secondary marketplace tended to be clustered. We also observe that parcels that were traded with high turnover often were within these cluster proximities.

Turnover Rate of $LAND Parcels

[1B]: Pricing Multiples

From the pricing filter, we can observe that the highest priced multiples (10x and above auction price) belonged to parcels that had relatively low turnover. This could imply that whales (or $LAND lords) perceived these parcels to be underpriced and followed a uniform pricing to inform their bids.

Pricing Multiples for $LAND Parcels

[1C]: Location

If we overlay the Decentraland atlas, we begin to see that the clusters form near the edges of landmarks. This might belie the purchaser’s expectation, from a UX perspective, that a user might begin by exploring the landmarks, and then venture into adjacent $LAND neighborhoods/parcels.

Turnover on Atlas
Pricing Multiple on Atlas

[2] Estate Pricing of Location & Scarcity

Estates refer to $LAND parcels that are adjacent to each other and aggregated as a single collection. The idea is that owning or building on an estate is like owning a small neighborhood — allowing the ability to create city-like experiences. Not surprisingly, the value of estates exhibit a positive linear relationship to its size.

$USD vs Estate Size

What about the marginal value of additional $LAND to an estate? Not so much…

  • Estate Price: Filter estates by size and calculate average price per parcel.

[2A]: $LAND Flipping

One early hypothesis before the analysis was that buyers would purchase adjacent $LAND parcels, aggregate them into estates, and then sell the estate. Interestingly, the data below shows that this behavior is true for market participants in the auction. We see that most estates sold were not comprised of parcels that were bought on the marketplace, implying that buyers bought these parcels $LAND originally in the primary, then flipped them as estates once the feature became available.

Estates vs $LAND Turnover
Estates vs $LAND Pricing Multiples

Although only a few estates are comprised of $LAND assets purchased on the secondary markets, Section [1B] may hint that buyers have formed estates that have not been sold in the secondary markets yet. It could be that these estate owners are waiting for the market to react to actual construction and building of these interactive environments before selling the $LAND estates.

[2B]: Estate Free Riding

In the estate diagrams, we see that there are many instances of individual parcels bought adjacent to estates. Although a more rigorous timeline analysis is required to dive deeper, it is likely valuable to own $LAND next to an estate, similar to the logic of sitting adjacent to a landmark.

The market behavior shown in this analysis assumes some expectation from the $LAND owners about the future usage and utility of their parcels (similar to many public token projects). The uniqueness of the Decentraland analysis is the attempt to understand NFT feature-specific variables that might drive different valuation characteristics from other fungible crypto assets. At a high-level these features boil down to proximity and size.

Decentraland is meant to be an interactive experience. With the builder tools imminent to launch, it will be interesting to track how $LAND owners will actually make their assets productive (building, leasing, buying adjacent, selling).We may see over time whether these land owners used their land productively or simply waited for favorable speculation. The findings could inform whether the distribution of $LAND via auction went to those who could most efficiently make use of the land (and thus bring utility and value to Decentraland), rather than rent-seekers, speculators or wealth-parkers.

As in most crypto use-cases, while enforceability of scarcity is strongly guaranteed, the parameters of scarcity are not perpetually fixed. In the case of $LAND, unlike real world estates, virtual world scarcity is not bounded by physics. Decentraland is an attempt to iterate on this idea. This may change over time via the usage of $MANA (largely ignored in this analysis) as a governance token for the Decentraland economy, which may eventually be used to vote on proposals related to scarcity and utility such as increasing the size of the map or the dimensions of parcels (re: the conundrum of governance…)

In virtual worlds we are collectively building an entertainment society in a vacuum minus the long-standing social and economic driving forces that create environments like NYC. Yet, we are all participating in the generation-long experimental phase of new incentives and environments, and so though Decentraland will take time to build as its own, we can at least track the utility in real-time. How long until my Decentraland estate gets gentrified?

All data was sourced via the $LAND smart contracts and nonfungible.com on 2019–02–28.

Source: https://tokeneconomy.co/decentraland-lords-9953d0de1e5c?source=rss—-fbbd350c08fc—4

Blockchain

Kraken Daily Market Report for May 08 2021

Republished by Plato

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Overview


  • Total spot trading volume at $2.86 billion, 9% higher than the 30-day average of $2.63 billion.
  • Total futures notional at $797.5 million.
  • The top five traded coins were, respectively, Ethereum, Bitcoin, Dogecoin, Tether and Ethereum Classic.
  • Strong returns from Gnosis (+14%) and Ethereum (+12%).

May 08, 2021 
 $2.86B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$3914.1 
↑12% 
$797.5M
XBT 
$58953. 
↑2.7% 
$795.7M
XDG 
$0.6368 
↓7.6% 
$636.4M
USDT 
$1.0014 
↑0.05% 
$285.3M
ETC 
$128.55 
↑7.0% 
$104.4M
ADA 
$1.6234 
↓1.9% 
$79.3M
LTC 
$347.39 
↑0.6% 
$50.5M
XRP 
$1.5653 
↓1.0% 
$48.7M
DOT 
$39.923 
↑0.07% 
$43.9M
BCH 
$1400.7 
↑4.4% 
$42.4M
USDC 
$1.0 
↑0.0% 
$40.4M
LINK 
$48.693 
↓1.3% 
$30.8M
EOS 
$10.361 
↓0.26% 
$29.7M
TRX 
$0.1431 
↓3.0% 
$17.1M
FLOW 
$28.668 
↓2.9% 
$16.1M
SC 
$0.0405 
↓4.7% 
$15.6M
STORJ 
$2.2312 
↓0.4% 
$14.7M
ATOM 
$29.510 
↑3.0% 
$11.8M
XLM 
$0.6155 
↓2.5% 
$11.6M
DASH 
$409.86 
↑1.3% 
$11.2M
XTZ 
$6.9881 
↓1.3% 
$10.0M
QTUM 
$25.576 
↓4.3% 
$9.83M
XMR 
$476.08 
↑4.6% 
$9.7M
KSM 
$435.0 
↑1.3% 
$7.39M
ZEC 
$315.75 
↓1.3% 
$6.91M
FIL 
$148.15 
↓1.4% 
$6.82M
WAVES 
$32.449 
↓0.14% 
$6.57M
UNI 
$40.532 
↑2.0% 
$6.55M
ALGO 
$1.5198 
↓3.7% 
$6.03M
DAI 
$1.0011 
↓0.01% 
$6.0M
OMG 
$11.829 
↓0.15% 
$5.87M
LSK 
$8.4918 
↓6.0% 
$3.77M
COMP 
$782.88 
↑9.6% 
$3.71M
ICX 
$2.6909 
↓1.6% 
$3.63M
NANO 
$9.7242 
↓0.6% 
$3.63M
AAVE 
$466.93 
↑5.7% 
$3.39M
GRT 
$1.5855 
↓0.6% 
$3.05M
OCEAN 
$1.4907 
↑2.0% 
$3.02M
KEEP 
$0.6183 
↑6.5% 
$2.98M
GNO 
$291.84 
↑14% 
$2.91M
SNX 
$18.448 
↓1.1% 
$2.72M
MANA 
$1.4419 
↓1.7% 
$2.67M
KAVA 
$6.2917 
↓2.8% 
$2.6M
BAT 
$1.4187 
↑0.6% 
$2.57M
CRV 
$3.5639 
↓2.6% 
$2.41M
KNC 
$3.4433 
↓2.6% 
$1.93M
REPV2 
$48.252 
↑1.0% 
$1.83M
OXT 
$0.6666 
↓1.1% 
$1.68M
BAL 
$69.63 
↑7.8% 
$1.52M
ANT 
$10.317 
↓3.2% 
$1.31M
YFI 
$54058. 
↑1.3% 
$1.3M
PAXG 
$1877.6 
↑0.8% 
$1.12M
EWT 
$13.644 
↓4.1% 
$772K
REP 
$46.85 
↓0.3% 
$714K
MLN 
$108.99 
↑0.5% 
$425K
TBTC 
$58915. 
↑1.6% 
$43.3K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 08 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 08 2021)



Figure 3: Smallest trading assets: (measured in USD) (May 08 2021)


###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 08 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9008/kraken-daily-market-report-for-may-08-2021/

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Blockchain

Legendary Pelé NFT Set to Drop on Ethernity May 8

Republished by Plato

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[Press Release – Los Angeles, California, 8th May, 2021]

Iconic Brazilian footballer Pelé will be immortalized in NFT form on May 8.

The legendary striker, named FIFA World Player of the Century, is getting the tokenized treatment with the release of a licensed aNFT – authenticated non-fungible token – exclusively on the Ethernity Chain at 12pm EST.

The coveted collection features several aNFTs of the soccer star, the result of a collaboration between Visual Lab and Rafa Zabala, whose credits include The Hobbit and Planet of the Apes.

The digital presentation includes “THE KING OF FOOTBALL,” an immersive video tracing the player’s humble origins on the streets of Brazil to a packed stadium witnessing his brilliance. The eponymous “Pelé” aNFT, meanwhile, is represented by a hyper-realistic digital bronze bust of the star in his heyday.

As part of the Pelé aNFT collection, Ethernity will be releasing multi-pack trading cards that make a nod to the player’s Panini trading cards of the past.

Ethernity’s special digital trading cards include “Gilded Bicycle Pelé,” which showcases the player executing his signature bicycle kick. The limited edition cards will be part of the Ethernity Cards and Packs Collection launching this summer, 2021.

90% of aNFT sales will go to The Pelé Foundation, a charitable organization that strives to empower young people facing poverty around the world.

Ethernity’s recent Muhammad Ali aNFT auction, which raised over $550,000, also resulted in a significant donation being made to the Muhammad Ali Foundation.

About Ethernity

Ethernity is exploring applications for non-fungible tokens (NFTs) within the context of art and philanthropy. It provides a way for celebrities and public figures to endorse digital artwork created by renowned artists. Anyone can purchase each limited edition artwork, with a portion of the proceeds going to charitable causes that the celebrity supports. Ethernity was founded by early Bitcoin investor and NFT innovator Nick Rose Ntertsas.

Learn more: http://ethernity.io/

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/legendary-pele-nft-set-to-drop-on-ethernity-may-8/

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Blockchain

Crypto Banter Will Give Away Over $500K To 10 Eligible Community Members

Republished by Plato

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[Press Release – Cape Town, South Africa, 8th May, 2021]

Banter Bags is a unique project in the cryptocurrency world that aims to give back to its community. What initially started as a $10,000 community giveaway is now worth over $500.000. Ten eligible community members will be chosen randomly to receive their share of the spoils once the Crypto Banter Youtube channel surpasses 250,00 subscribers.

The Banter Bags Giveaway is an event created by Ran Neuner, host of CNBC Crypto Trader and founder of Crypto Banter on Youtube. The initial objective was to reward active participation in the community and generate more engagement with the daily streams but as the investments started to grow it became a mechanism to really change some community member lives.

Speaking of pre-market allocations, the Crypto banter team initially put $10,000 in a public Ethereum address. That money was then invested into allocations, with more investments occurring daily to diversify the portfolio further. Several key investments have noted spectacular returns, including Shopx, Aioz, Refineable and Occam. All of these pre-market allocations have gone up in value by a factor of 100 or more.

As the total value of the Banter Bags now exceeds $500,000, a golden opportunity is created for the community. Once the Youtube channel surpasses 250,000 subscribers, ten community members will earn a Banter Bag with the corresponding spoils. The only requirement to be eligible is to subscribe to Crypto Banter on YouTube and follow the Twitter account. Community members can amplify their chances by following @cryptomanran and @sheldon_sniper on Twitter, by liking/commenting on tweets, and engaging with the two daily streams.

The Crypto Banter team adds:

“It started off as a fun idea of giving $10000 to our community, and as we started to invest, we realized that the community loved the idea of investments in pre-market allocations that we previously off-limits for the average investor. With this in mind, we went all in using our influence to reward our community. It was supposed to be a cool $10,000 giveaway to reward the community, and it has landed up becoming an opportunity to change lives. The channel has exploded since we launched this initiative. We’re up by over 100% on every metric, we gained over 100k subscribers and got over 5m views in the last 28 days. More than that, our community has engaged more. They love the idea that we are giving back to them and that we may at any point change another life.”

Five winners have been randomly selected so far, all of which have an amazing story to share. One of the winners, who goes by the name of Irfan, lost his job and was struggling financially. With a pregnant wife expected to give birth in two months, being announced the winner of a Banter Bag triggered a life-changing event for Irfan. Anyone can go through a similar experience once the remaining Bags are given away to community members.

We also announced that one of the bags will be given to a charity and we are currently looking for a viable option.

About Crypto Banter

CRYPTO BANTER was founded by CNBC CRYPTO TRADER host Ran Neuner and is a LIVE STREAMING CRYPTO STATION. We bring you live streaming coverage of the global Crypto markets and give you a chance to call in, break the news, and banter with our guests and hosts. CRYPTO BANTER was created to bring the banter from Crypto Twitter and Telegram to a moderated, curated AV streaming medium. Think of its as a mix of CNBC, JOE ROGAN, and Talk radio for Crypto!

Follow Crypto Banter on YouTube

Follow Crypto Banter on Twitter

Telegram group

Website

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/crypto-banter-will-give-away-over-500k-to-10-eligible-community-members/

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