SATS rose 250% in two days, what happened to the BRC-20 market?

Web3, simply put, is the next generation of the internet. It’s a departure from the way we’re used to experiencing the online world. Unlike the traditional model, where central authorities like tech giants or governments have a strong grip on how things work, Web3 is all about decentralization. This means power is spread out across a network of users, making decisions more transparent and resistant to control. Think of it as a shift from a top-down structure to a community-driven one. In the world of Web3, users have more say, ownership, and control over their online interactions. It’s like a digital democracy where everyone has a voice. XWORLD, a Pioneering Web3 Games & Apps Store, was borned based on Web3 concept. In the traditional Web2 world, people get almost no income from downloading games in the Apple App Store and posting content on Facebook, because almost 100% of the marketing expenses of games and applications go to platforms such as Apple and Facebook. However, game application users are what innovative applications should really strive for, and they are also the people to whom marketing expenses should really be given. Based on this concept, XWORLD is the world’s first games & applications store that distributes most of the Internet advertising revenue to users. XWORLD is created for bringing billions of ordinary people in the world into Web3 wave of wealth. This guide is your gateway to understanding this exciting new digital landscape. We’ll break down the core principles of Web3, demystify complex terms like blockchain and dApps, and show you how these concepts are being used in real-world applications. By the time you’re done, you’ll have a solid grasp of what Web3 is all about and (hopefully) get you acclimated to the new era of the internet. Demystifying Web3 Web3 Defined: Often categorized as the decentralized internet, Web3 represents a departure from the centralized platforms (Web2) that currently dominate the digital space. Centralized entities like Google, Facebook, and Amazon have significant control over your data and autonomy in Web2. In contrast, Web3 seeks to decentralize and democratize that control, empowering individual users. Blockchain & Its Significance: The blockchain is the backbone of Web3. It’s essentially a digital ledger where data is stored in ‘blocks’ and is chronologically ‘chained’ together. Every entry is transparent and immutable, which means it’s tamper-proof. The decentralized nature ensures data integrity without relying on a central authority. Tips: As you embark on your Web3 exploration, focus on mastering the foundational concepts. Familiarize yourself with the history of Bitcoin and blockchain, its different types (e.g., public, private, consortium), and its real-world applications. Setting Up Your Digital Wallet The Role of Digital Wallets: Consider your digital wallet as your Web3 passport. It’s where you store digital assets like cryptocurrency, interact with dApps (decentralized applications), and authenticate transactions. Unlike traditional bank accounts, you have full custody of your funds, signifying both power and responsibility. Wallet Varieties: From browser extensions and mobile apps to physical hardware devices, wallets come in various formats. Each has its advantages and is tailored for specific use cases. Tips: Your wallet’s security is paramount. Whether you’re opting for MetaMask (a popular browser extension) or a hardware wallet like Ledger, always ensure you’re obtaining it from a legitimate source. Store your seed phrase (a recovery tool) securely, preferably offline, and guard it as you would your most prized possession. Interacting with dApps, Centralized and Decentralized Exchanges, and Web3 Gaming Platforms What is a dApp? A dApp, or decentralized application, is a software application that runs on a blockchain network. This means that dApps are not controlled by any single entity, but rather by the network of users who participate in it. This makes dApps more transparent and resistant to censorship than traditional applications, which are typically hosted on centralized servers. dApps and Apps on XWORLD How do dApps work? DApps are built on top of blockchain technology, which is a distributed ledger that records transactions in a secure and transparent way. When a user interacts with a dApp, their actions are recorded on the blockchain. This means that all transactions are visible to everyone on the network, which makes it difficult to fraud or censorship. What are some popular types of dApps? There are many different types of dApps, but some of the most popular ones include: Decentralized finance (DeFi) platforms: DeFi platforms allow users to lend, borrow, and trade cryptocurrencies without the need for a traditional financial institution. Non-fungible token (NFT) marketplaces: NFT marketplaces allow users to buy and sell NFTs, which are unique digital assets that can represent anything from art to collectibles. Gaming dApps: Gaming dApps are blockchain-based games that allow users to earn rewards for playing. Why are dApps important? DApps have the potential to revolutionize the way we interact with the internet. By removing the need for centralized control, dApps can make the internet more transparent, secure, and accessible to everyone. Like any new technology, there are some risks associated with dApps. For example, dApps are still in their early stages of development, so there is a risk of bugs and security vulnerabilities. Additionally, dApps can be complex and difficult to use, which can make them inaccessible to some users. Despite these risks, dApps have the potential to be a major force in the future of the internet. As the technology continues to develop, we can expect to see more and more dApps being created and used. Exchanges and Token Trading in the Web3 Ecosystem Digital asset exchanges play a pivotal role in the cryptocurrency and Web3 landscape. These platforms enable users to trade or “swap” their digital assets, either for other tokens or fiat currency. Broadly speaking, exchanges fall under two categories: centralized (CEX) and decentralized (DEX). Each has its unique set of advantages and disadvantages, primarily revolving around custody, user interface, and functionality. Centralized Exchanges (CEX): Examples: Binance, Coinbase, Kraken Custody: Centralized exchanges act as custodians. When you deposit your digital assets into a CEX, you transfer ownership to the exchange’s wallet. While you hold an IOU or a representation of your assets in your account, the actual assets are in the exchange’s custody. This means you rely on the exchange’s security measures to keep your funds safe. User Interface: CEXs typically offer user-friendly interfaces, making them a popular choice for beginners. These platforms provide a more traditional trading experience, with features like market charts, order books, and advanced trading options. Functionality: Beyond just trading, many CEXs offer additional services like staking, savings, or even educational resources. Liquidity: Due to their centralized nature and large user base, CEXs usually have higher liquidity, making large trades more feasible without significant price slippage. Regulation: Centralized exchanges are more likely to adhere to regulatory guidelines, requiring users to complete Know Your Customer (KYC) procedures, which might deter those seeking privacy. Decentralized Exchanges (DEX): Examples: Uniswap, Sushiswap, PancakeSwap Custody: One of the main advantages of a DEX is the non-custodial nature. You retain ownership of your assets until the trade is executed, using smart contracts. You interact directly from your wallet, without the need to deposit funds on the platform. User Interface: Historically, DEXs have had less intuitive interfaces compared to CEXs. However, this has been changing rapidly, with many DEXs now offering clean, user-friendly experiences. Still, they might feel more technical to newcomers. Functionality: DEXs focus primarily on the swapping of assets. Some have added features like liquidity provision, where users can earn fees by supplying tokens to a liquidity pool. Liquidity: DEXs might have lower liquidity compared to large CEXs, especially for less popular tokens. This can lead to higher slippage. However, liquidity aggregator DEXs are addressing this concern by pooling liquidity from various sources. Anonymity: DEXs typically do not require KYC, attracting users who prioritize privacy. However, transactions on public blockchains are still transparent and can be traced. Example of a DEX Interface Gaming in Web3: Platforms like Decentraland and Axie Infinity have burst onto the scene, transforming traditional gaming paradigms. Not only do they offer a virtual playground, but they also provide an economic incentive for players. This shift is evident in the different models these platforms embrace: Play-to-Earn (P2E): This model, as seen in Axie Infinity, allows players to earn digital assets or tokens by participating in the game. These assets can be traded, sold, or used within the game, and often, they have real-world value. It’s a shift from the old model where players spent money on in-app purchases or cosmetics; now, they can potentially earn from their gameplay. Virtual Real Estate: Platforms like Decentraland allow users to buy, sell, and build upon virtual land. This land has real-world value, and the scarcity of prime locations drives demand. Owners can monetize their virtual real estate by hosting advertisements, creating interactive experiences, or even leasing their land. Staking and DeFi Integration: Some games integrate decentralized finance (DeFi) mechanisms. Players can stake their in-game assets to earn interest or leverage them in various ways, similar to traditional finance but in a decentralized setting. Community Governance: Another hallmark of Web3 games is the power they give to their communities. Token holders often have a say in the direction of the game, from gameplay changes to economic models, allowing for a democratic and decentralized decision-making process. Tips: Always conduct thorough research before interacting with a new dApp, exchange, or gaming platform. Be wary of platforms promising unrealistic returns or those lacking a transparent development team and community feedback. Additional Tips and Insights Security: Web3’s freedom comes with increased responsibility. Phishing attempts are rife. Always double-check website URLs, never share your private key or seed phrase, and utilize two-factor authentication when available. Gas and Transaction Fees: Primarily on the Ethereum network, transactions require a fee called “gas.” This fee can fluctuate based on how busy the network is. Having a grasp of gas fees is essential to avoid excessive payments or insufficient payments, both of which might result in transaction delays. Understanding Networks: Different blockchain platforms (like Ethereum, Binance Smart Chain, or Solana) have multiple networks. Ensure you’re on the correct network when executing transactions. Community Engagement: Tapping into Web3 communities can be invaluable. Platforms like Reddit, Discord, or even ‘Crypto’ Twitter have myriad channels dedicated to specific dApps, games, or general Web3 discussions. Closing Thoughts Web3 is not merely a technological evolution; it’s a societal and philosophical shift. It promises a more inclusive, transparent, and decentralized digital future. As with any transformative journey, it requires vigilance, continuous learning, and an open yet discerning mind. As you navigate Web3, prioritize understanding over investment. Take time to learn, experiment with small amounts, and engage with the community. Be sure to subscribe to XWORLD’s Twitter to stay current on the latest industry news and innovations in the world of Web3. XWORLD New-Gen Games & Apps Monetization Platform Website | Twitter | Instagram | Facebook |Litepaper

Theme of Next Bull Market In the ever-evolving sphere of digital technology, the next bull market trend is clear — the large-scale incremental entry of users into Web3, the decentralized future of the Internet. On November 8, 2021, the total market value of the global cryptocurrency market reached an all-time high of $2.9T. Like the dot-com bubble, cryptocurrencies also grew a staggering 6x during this crypto bubble, but this miracle was achieved not in 5 years, but in just 1 year. This is equivalent to the crypto industry going through the entire dotcom bubble in just 12 months. In the following 2022, the cryptocurrency bubble continued to burst, causing the market value of cryptocurrency to plummet by two-thirds to less than $1T, and triggering industry catastrophic events such as the collapse of Terra stablecoin, the bankruptcy of Three Arrows Capital hedge fund, and the bankruptcy and liquidation of FTX. Overall, all major Layer 1 blockchains have seen significant price drops from their November 2021 highs: Bitcoin fell from $68,700 to $20,000, Ethereum fell from $49,000 to $15,000, Solana From $260 to $30, etc. Historical marketcap of the global cryptocurrency industry But as the crypto bubble burst, the use of the underlying technology, blockchain, has undergone some interesting changes. As the price of blockchain technology (as measured by cryptocurrency market capitalization) drops, is the use of blockchain technology also declining? Let’s see again. First, we look at the usage of the Bitcoin blockchain, which accounts for 50% of the entire cryptocurrency market capitalization. During the crypto bubble of 2019–2021, the volume of daily Bitcoin payments (which is a measure of Bitcoin usage) was directly related to the price of Bitcoin — as the price rose and fell, so did the number of payments. It will change accordingly. But starting from the bear market in 2022, as the price of Bitcoin fell by half, the number of Bitcoin payments has remained stable, that is, the price of Bitcoin and the amount of Bitcoin usage have become no longer strongly correlated. Compare daily Bitcoin payments with daily Bitcoin prices A similar trend is occurring on Ethereum, the second-largest blockchain accounting for nearly 20% of the entire cryptocurrency market capitalization. Prior to 2022, Ethereum price and Ethereum usage (this time measured by active addresses, similar to Ethereum’s active users) were directly correlated. But despite the Ethereum price collapse in 2022, the number of active addresses has not declined this year. Likewise, usage becomes uncorrelated with price. Compare daily active Ethereum addresses with daily Ethereum price Leading Solana NFT marketplace Magic Eden has seen rapid growth in transaction volume this year, from an average of 230,000 transactions per day in January to a current average of more than 880,000 transactions per day, according to DappRadar. With the price of Solana falling by more than 80% in 2022, Solana usage (measured by NFT trading activity on Magic Eden) has grown by 280%, another sign that blockchain pricing and usage are becoming irrelevant. Leading the charge in this digital revolution is XWORLD, with an impressive cohort of 1 million active users ready to usher in a new era of online interaction. The same was true for the Internet in 2000, when after a price collapse, Internet usage that had nothing to do with Internet pricing rebounded and continued to grow. Compare monthly Internet users to Nasdaq Composite Index price XWORLD: The Pump for the Next Bull Market XWORLD, a pioneering games and apps monetization platform, stands at the forefront of the Web3 movement. With its one million strong user base, it’s not just prepared for the upcoming bull market; it’s set to fuel it. For those unfamiliar with the term, a “bull market” represents a period of rising prices, increased investor confidence, and strong demand. In the context of Web3, this bullish trend signifies a surge of interest and participation in decentralized platforms and applications. And at the heart of this seismic shift lies XWORLD. The platform’s 1 million active users aren’t just numbers; they are the engine that drives XWORLD’s innovative ecosystem. Each user represents a unique interaction, a unique contribution to the platform’s economy. Together, they form a vibrant community that embodies the very essence of Web3 — decentralization, transparency, and user empowerment. But how does this translate into a bull market? The answer lies in the power of numbers. As more and more people flock to XWORLD, they bring with them their unique skills, interests, and economic potential. They interact with the platform, use its features, contribute to its growth. This influx of users and activities fuels demand, propelling the value of the platform and its assets. In other words, it creates a bull market. This trend is not just a testament to XWORLD’s appeal but also a manifestation of the growing interest in Web3. As digital citizens become more aware of the benefits of decentralized platforms — from transparency and security to the potential for earning and ownership — they are gravitating towards platforms like XWORLD. This mass migration of users is a clear indicator of the impending bull market in Web3. However, XWORLD isn’t just riding this wave; it’s steering it. Through its innovative “use to earn” and “use to own” models, XWORLD is showing users the true potential of Web3. It’s proving that Web3 isn’t just a concept; it works, and it can change lives. As we stand on the cusp of a new digital era, XWORLD is ready to lead the charge. With its 1 million active users and its commitment to Web3 principles, it’s poised to drive the next bull market, transforming the digital landscape in the process. So, are you ready to be part of this revolution? Are you ready to embrace the future of the internet, to be part of a community that’s reshaping the digital world? If the answer is yes, then join the XWORLD revolution. To stay updated on all things XWORLD and to be part of this exciting journey, follow XWORLD on Twitter at https://twitter.com/xworld_pro. Join the 1 million active users who are not just witnessing the future of the internet; they’re creating it. Welcome to XWORLD, the platform that’s powering the Web3 bull market. XWORLD New-Gen Games & Apps Monetization Platform Website | Twitter | Instagram | Facebook |Litepaper

BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’ Bitcoin（ $29,691） tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close. In an optimistic longer-timeframe view, trading team Stockmoney Lizards predicted that resistance immediately above $30,000 would soon crack. Updating a chart fractal comparing BTC/USD in 2023 to its 2020 breakout, analysts argued that the time for significant upside is now. An approval of the United States’ first Bitcoin spot price exchange-traded fund (ETF) would form the clinching factor. “31/32k will break soon,” part of accompanying commentary read. “P.S.: Many of you will once more say: ‘But 2020 was after halving, here we are before’ — answer: doesn’t matter. This year mass adoption / ETF approval will be THE driver.” Ethereum Cofounder Vitalik Buterin Confirms Plans for AI Ethereum cofounder Vitalik Buterin has shared new revelations that show a possible integration with artificial intelligence (AI) in the mid- to long term. Responding to community members in an ask-me-anything (AMA) session hosted on the decentralized social protocol Warpcast, Buterin said AI remains one of the thoughts that has filled his mind for the past two weeks. While Vitalik Buterin was not detailed about the specific things he thought about, he said he is considering the ways in which the Ethereum community could productively engage on AI-related issues. Some of the issues he highlighted include X-risk, a concept that showcases how humanity can be harmed on a massive global scale. In recent times, proponents have been citing how possible Blockchain technology can coexist with AI. Drawing on the revolutionary technology underpinning both concepts, a combination of AI and blockchain has been tipped as a futuristic solution to some of the world’s biggest challenges to date. While there are a number of crypto projects exploring AI solutions to date, Buterin’s assertion of the concept lends another perspective, considering the role he plays in the broader digital currency ecosystem. The possible timeline of any potential engagement was not revealed, and from his actions, we might expect a detailed blog post in this regard in the future. ‘Magic: The Gathering’ creator’s crypto game lands on Epic Game Store “Magic: The Gathering” creator Richard Garfield has helped design a blockchain game, and it is launching on the Epic Game Store. The Dungeons & Dragons-style fantasy card game Garfield created became a massive hit, fostering an ecosystem of players who for years actively bought, sold and traded the game’s physical cards. Garfield is now hoping his digital card game “Brawlers” will also capture gamers’ imaginations. The player-vs-player game was co-designed by Garfield and developed by fledgling web3 gaming firm Tyranno Studios, which focuses on creating titles on the WAX blockchain. “Just like traditional physical card games, Brawlers allows people to purchase card sets and use them to play with others, simultaneously retaining full ownership and control over their assets to easily trade or exchange them,” Garfield said in a statement. “This opens up many new opportunities for developers to build successful web3 games with living and breathing economies where each player is a full-fledged participant and avoids all the pitfalls of exploitative microtransactions.” Refik Anadol NFT collab with Brazilian tribe yields $3.9 million in a week Cutting-edge artist Refik Anadol’s latest digital art collection dubbed “Winds of Yawanawa” may be the one lone bright spot in an otherwise dim NFT market. The project, a collection of “data paintings,” has generated $3.9 million (2,493 ether) in sales over the past week, according to OpenSea data. The eruption of interest in Winds of Yawanawa, a collaboration between the Brazilian indigenous community Yawanawa and Anadol, comes amid a broader NFT market downturn that has seen trading volumes plummet by more than 90% since a bull run bolstered by excitement for mostly low-resolution picture-for-profile NFT collections like Bored Ape Yacht Club and CryptoPunks. One popular NFT watcher took to X to highlight both the success of Winds of Yawanawa and how large of a portion of overall trading the collection accounted for in a day’s worth of trading. “Winds of Yawanawa did 451 ETH of volume on OpenSea yesterday, about 25% of the total ETH volume on OpenSea,” posted @punk9059, director of research at Proof Collective, an organization that supports blockchain-powered art. “What’s striking is partially how much [Winds of Yawanawa] is doing, but also how little else is trading.” Magic Eden’s Tokenized Collections Program Debuts with 100 Physically-Backed Pokémon Cards Last week, the renowned cross-chain NFT platform, Magic Eden, introduced its groundbreaking Tokenized Collections Program in collaboration with Collector Crypt, a pioneer in bringing physical collectibles to the Web3 space. The program’s inaugural drop, featuring 100 graded Pokémon cards, is set to launch today, Wednesday, October 18, exclusively on the Magic Eden Launchpad. XWORLD New-Gen Games & Apps Monetization Platform Earn Profits & Assets from Your App Usage Time Website | Twitter | Instagram | Facebook |Litepaper