The League of Kingdoms’ Web3 Transformation

Are you ready to embark on an unforgettable journey through the realm of gaming? Brace yourselves, dear gaming and digital citizens, for XWORLD is set to host the most sensational gaming festival of the year! Get ready to dive into a virtual wonderland that will take your gaming experience to new heights. From exhilarating gameplay to rare benefits, this is one event you cannot afford to miss! The ultimate gaming extravaganza for enthusiasts, with exclusive early access, rare benefits, and a chance to win over $40,000 in rewards! 1. XWORLD Game Conference: A Gateway to Gaming Paradise Imagine stepping into a world where every game is at your fingertips. At the XWORLD Game Conference, you will have early access to play the newest, hottest, and funniest games before anyone else. This is your chance to become a trailblazer in the gaming community, and be among the first to unravel the secrets of immersive gameplay. Whether you’re a fan of action-packed adventures, mind-boggling puzzles, or heart-pounding battles, XWORLD has it all. Step into a digital universe that promises infinite excitement and everlasting memories. 2. Uniting Gaming Giants for Unparalleled Rewards In a groundbreaking collaboration, XWORLD has partnered with renowned game developers Genshin Impact, Honkai: Star Rail, FreeFire, and League of Legends to bring you an unprecedented gaming extravaganza. Brace yourself for the ultimate reward: rare game skins and other in-game benefits worth a staggering $30,000! Can you imagine owning the most coveted skins, unlocking secret features, and gaining an edge over your fellow gamers? At XWORLD’s gaming festival, this dream becomes a reality. Experience the thrill of exclusive rewards that will enhance your gameplay and take your skills to the next level. 3. Content Creation Contest: Unleash Your Inner Creative Genius Calling all talented content creators! XWORLD’s gaming festival is not only about playing games, but also about celebrating creativity within the gaming community. Participate in our stunning content creation contest, and stand a chance to win over $10,000 in rewards! Whether you’re a streamer, a video editor, or a master storyteller, this is your golden opportunity to showcase your skills to the world. Let your imagination soar as you create mesmerizing content that captures the essence of gaming. The rewards up for grabs are not just monetary but also a chance to be recognized by millions of gaming enthusiasts and industry professionals. But Wait, There’s More! The XWORLD Gaming Festival isn’t just limited to these incredible offerings. Prepare to be mesmerized by thrilling tournaments, captivating panel discussions with industry experts, and enticing giveaways. This festival is all about celebrating the vibrant gaming community and providing an avenue for gamers of all levels to connect, learn, and have the time of their lives! Take Action Now and Join the XWORLD Journey! Are you excited to be a part of this exhilarating gaming extravaganza? Follow XWORLD on Twitter (https://twitter.com/xworld_pro) to stay updated with the latest news, updates, and insider information about the XWORLD Gaming Festival. Mark your calendars and get ready to immerse yourself in a world where gaming dreams come true! May the thrill of gaming, the joy of exploration, and the electrifying energy of XWORLD’s Gaming Festival guide you through an unforgettable experience. This is your chance to step into a digital wonderland and unleash your inner gamer. From exclusive early access to rare benefits and a content creation contest, the rewards are plentiful and the excitement is immeasurable. Don’t miss out on the adventure of a lifetime — follow XWORLD on Twitter and join the gaming revolution today! X-WORLD Enjoy Your Passionate Game Time, Every Second Becomes Your Income. Website | Twitter | Instagram | Facebook |Litepaper

Memes, Dreams, and Get-Rich-Quick Schemes Introduction It’s hard to have missed epic saga of Pepecoin over the past two months, and along with it, a resurgence of memecoin hype. Indeed, on May 5, Pepecoin broke through the stunning $1B market cap to become a Top 50 cryptocurrency [1]. In many respects, Pepecoin’s rise calls to mind the famously stunning rise of Dogecoin and Shiba Inu, two of the most famous memecoins in history. In fact, Pepecoin itself even pays homage to the long tradition of memecoins it descends from, writing that it will “make memecoins great again” [2]. So what makes a memecoin “great”? And why do they exist (and even thrive) in the crypto ecosystem, in spite of their evident lack of utility? Know Your Memecoins Memecoins have always been a crypto novelty and oddity. Their most characteristic trait is in fact their own self-professed lack of any utility, something they wear around with a semi-sarcastic sense of pride. Even though almost anyone can create a memecoin today just with a few clicks of a button, not all memecoins are created equal. After all, a lot more people hold Dogecoin than say, “HarryPotterObamaSonicInu” (this is an actual real coin on CoinMarketCap) [3]. Indeed, the most successful memecoins never come from humble backgrounds: they are warriors. These are memes that have fought in ferocious battles on the turbulent seas of Internet meme culture, where any cultural sensation or anything that grabs people’s attention, ranging from Elon Musk references (Tweelon), sex jokes (CumRocket), literal poop (PooCoin), GPT-references (PepeGPT) can all be turned into memecoins [4]. In these epic battles, only those memes that have proven their demonstrated approachability, relatability, persistence can survive. For those that do, they are rewarded with boundless glory, with glamour from the crowds, homage from the powerful, and a memecoin that will wear through even the toughest of crypto storms. And amidst all of this, perhaps Pepe does actually stand a chance of surviving, prevailing, and thriving. Pepe the Meme Royalty The Original Pepe meme of “Feels Good Man.” Source: https://en.wikipedia.org/wiki/Pepe_the_Frog Pepecoin was born with a silver spoon in its mouth, as the meme of Pepe belongs (along with Doge) to a class of Internet meme royalty. Born in 2008 out of the hand of cartoonist Matt Furie, the green frog with a bulging green eyes was depicted literally urinating (pee-pee-ing) while commenting “feels good man” [5]. And since then, Pepe has taken off in all shapes and forms, including a sad version, a smirk version, and so many more [6]. Since its inception, the Pepe meme and the corresponding image of an ugly frog has had a distinctly counterculture and subversive connotation, in particular when contrasted with the much more sanguine Doge meme. While most usage of Pepe is very benign, this ugly frog also has a distinctly “ugly side.” On 4chan and other more fringe social media platforms, the frog meme is often twisted and modified to take darker turns and sometimes embody extremist political symbols. And gradually, variants of the Pepe family of memes became staples on alt-right groups and other darker, more subversive corners of the Internet [7]. Thus, the Pepe meme exists in a massive duality: on the one hand, it exists in the mainstream as a benign counterculture image of an ugly frog with a happy or sad or smirky expression on its face. On the other, this counterculture symbol has been coopted for extremist political movements that actively cause societal instability. This duality is what has made Pepecoin so controversial, and why it landed Coinbase in hot water after Coinbase accused the Pepe meme of being “co-opted as an alt-right hate symbol,” before later being forced to apologize and acknowledge that most mainstream uses of Pepe are non-bigoted [8]. But in the context of memecoins, they thrive on controversy and continued media attention. After all, it is precisely Pepe’s status as a longstanding meme royalty and one of the undisputed hallmarks of Internet meme culture that underwrites the value proposition for Pepecoin, and explains its eye-watering ascent to a $1 billion market cap, with a $1.87 billion trading volume at its peak. Pepecoin Price, CoinMarketCap. Data as of May 24: https://coinmarketcap.com/currencies/pepe/ In this respect of leveraging its power as an undisputed Internet meme royalty to underwrite its value as a cryptocurrency, Pepecoin greatly resembles Dogecoin. And one could argue that there is a kernel of truth in the Pepecoin slogan of “make memecoins great again” and its self-proclamation of being fueled solely by “pure memetic power.” After all, as Pepe is such an important meme royalty, it is certainly conceivable that Pepecoin could stick around for quite some time, just like Dogecoin [9]. Pumps, Dumps, and the Power of FOMO Memecoins such as Dogecoin and Pepecoin, along with their self-processed lack of any utility, are of course ripe targets for pump and dump schemes and regulations. And in many cases, “shilling shitcoins” is a favorite pastime for the rich. One need to look no further to see how Elon Musk has been instrumental in shaping the fortunes of Dogecoin to see the influence of how key opinion leaders can send prices soaring to the moon [10]. After simply Tweeting “Doge” and writing that “Dogecoin is the people’s crypto”, Dogecoin prices soared 40%, and in the massive bull run of 2021, Dogecoin did a phenomenal 147.6x price increase in just over five months. Elon Musk calling Dogecoin “the people’s crypto”. Source. Arguably, this ability to be pump and dumped at will by key opinion leaders is in-baked into the economic logic of memecoins. As mentioned before, memecoins monetize and gain according to how much attention and cultural capital the underlying meme (or cultural phenomenon) is able to accrue and sustain over a long period of time. Key opinion leaders such as Musk have by definition the power to single-handedly create and sustain cultural phenomenon, and thereby allow these cultural derivatives (i.e. memecoins) to gain immensely in value, and in turn, kickstart a cycle of fear-of-missing-out (FOMO) for retail investors, who want to hop aboard the get-rich-quick crypto ride. This same logic that applies to Pepecoin’s rapid ascent over the past month or so. Although there isn’t a clear single celebrity pushing Pepecoin on Twitter (as in the case of Musk and Dogecoin), from on-chain data it seems as if there have been some outsized winners with the Pepecoin hype. For example, a wallet labelled blackrock3.eth bought $244 worth of Pepecoin on April 21, and sold all of them on May 5 at its peak for $2.63 million [11]. And of course, with a pump inevitably comes a dump. Today (May 25th), exactly 20 days from its peak, Pepecoin is down 70% from its all-time-high [12]. As the attention of the memecoin inevitably dissipates and the frenzy of FOMO subsides, the price (a function of this attention) naturally also decreases. But that’s simply the virtue or characteristic of memecoins. For a memecoin, Pepecoin’s -70% can already be considered tame and “benign.” At least Pepecoin hasn’t mimicked the fate of the “Squid Game token,” a memecoin which rode on the wave of the Netflix TV show “Squid Game’s” massive success in 2021. The “Squid Game token” jumped from 1 cent to $2856 in a week, before plummeting to zero after its creators essentially ran away with the money earned and did a classic “rug pull” [13] But this volatility coming from memecoins, who self-profess that their only value comes from their memetic power, one really shouldn’t be surprised — after all, they literally say “useless” on the label. From the Pepecoin Website Memechains and the Question of Utility But what does the future of memecoins look like? Will they ever only really be objects of pure speculative bubbles? The answer actually is a bit more complicated than a simple yes or no. Memecoins by design are backed up by the potency of their underlying meme. The problem is that you can never really quantitatively measure the economic value of a meme. These, after all, are simply free JPEGs widely accessible and distributed on the Internet, and as such, obviously generate no monetary value. After all, why pay for a meme I can see, copy, and create for free? But just because a meme does not have a price tag on it does not mean that it lacks intrinsic value. If Pepe the meme did not have any value, why would people continue to use it to this day, as a symbol for resistance, counterculture, and digital identity? This is the paradox at the center of all art, but particularly digital mementos that can be freely copy-pasted: no one doubts that they are valuable, yet there is no way to measure that value. Memecoins, to some extent, may in fact be one way out of this problem. If a meme is a some “unquantifiable value,” a memecoin is in essence a “quantifiable un-value.” The two therefore fit together hand-in-glove, and attaches some quantifiable representation to the value of the meme behind the coin. Therefore, even if much of the memecoin mania is fuelled by speculation, I don’t expect the memecoins of mainstream memes such as Pepe and Doge to ever go to zero, so long as the memes themselves still exist. Nevertheless, there has been a frenzy in memecoin communities to add on so-called “utility” to these originally supposedly “useless” coins. This notably includes the Dogecoin community’s Dogechain, a smart-contract executing PoS built using Polygon Edge where gas fees can be paid in Dogecoin [14], as well as the Shiba Inu community’s Shibarium, a L2 scaling solution that recently just announced its public beta [15]. Most of these “added utility functions” are centered around the classic playbook of getting a chain in order to nominally “have utility.” But the crypto industry is already strewn with the corpses of failed chains, and today there are already too many L1 and L2 chains that are able to match and surpass the proposed functionality of something like Dogechain and Shibarium. The central problem of building a chain to inject so-called “utility” into these tokens is this: why should I use Shibarium and Dogechain to execute smart contracts, over say Arbitrum, Optimism, or Polygon? Any satisfactory answer to these questions must go back to where memecoins started from in the first place — the original meme underwriting the whole memecoin, such as Doge in the case of Dogecoin, or Pepe in the case of Pepecoin. In fact, if any of these memecoin powered memechains do succeed, they likely will be some sort of a meme-focused chain, where the design of the chain leverages and magnifies the iconographic power of the meme, which in turn adds value to the memechain. Viewed through this lens, one could argue that a memechain’s long-run potential is in becoming a special sort of appchain, one that specializes in operating the underlying meme. In the long-run, the successful operation of a memechain would likely be more similar to the operation of a successful NFT community, such as BAYC, Azuki, Nouns or Doodles, rather than the operation of an actual L1 or L2 chain like Ethereum, Arbitrum or Polygon. The focus needs to be on the underlying asset backing the memecoin in the first place — the meme — rather than the functionality of the chain itself. This convergence and triangulation between memes, coins, and tech is arguably the most innovative and inspiring aspect of memecoins. If Pepecoin, Dogechain, and Shibarium are able to innovate out a novel governance structure that perpetuates the longevity of the underlying meme, they will undoubtedly leave a significant mark on the cultural legacy of web3. And then, perhaps, we will truly be able to “make memes great again.” Pepecoin making memes great again. Source. References [1] https://markets.businessinsider.com/news/currencies/what-is-pepecoin-pepe-memecoins-dogecoin-shiba-inu-crypto-news-2023-5 [2] See Pepecoin’s Website: https://www.pepe.vip/ [3] https://coinmarketcap.com/alexandria/article/9-funniest-memecoin-names [4] What are Memecoins: https://www.pcmag.com/how-to/what-is-a-meme-coin-how-do-they-work [5] https://knowyourmeme.com/memes/pepe-the-frog [6] Derivative memes of Pepe the Frog: https://knowyourmeme.com/memes/pepe-the-frog/children [7] https://www.thedailybeast.com/how-pepe-the-frog-became-a-nazi-trump-supporter-and-alt-right-symbol [8] https://www.forbes.com/sites/antoniopequenoiv/2023/05/11/coinbase-apologizes-for-tying-meme-token-pepecoin-to-racist-symbols/?sh=37957e942419 [9] https://www.forbes.com/advisor/investing/cryptocurrency/what-is-dogecoin/ [10] Elon Musk and Dogecoin: https://coincodex.com/article/21927/elon-musk-dogecoin/ [11] See https://coinmarketcap.com/headlines/news/blackrock-labeled-wallet-nets-2-4m-from-pepe/. Note that while some have speculated this wallet may belong to BlackRock fund, there is no concrete evidence suggesting this to be the case. [12] Data from CoinMarketCap, as of May 25: https://coinmarketcap.com/currencies/pepe/ [13] About the Squid Game Token Collapse: https://www.bbc.com/news/business-59129466 [14] About Dogechain: https://coinmarketcap.com/alexandria/article/what-is-dogechain-the-smart-contract-platform-for-doge [15] About Shibarium: https://blog.shibaswap.com/introduction-to-shibarium/ [16] See the importance of community building in NFT circles such as NounsDAO: https://review.stanfordblockchain.xyz/p/nouns-dao-and-the-philosophy-of-governance Note: An earlier version of this article incorrectly suggested that BlackRock was an institutional holder of Pepecoin based on on-chain data. The Stanford Blockchain Review regrets this error. Edited by XWORLD: Pioneering Web3 Games & Apps Store. Visit the official XWORLD website at www.xworld.pro and follow XWORLD on Twitter at https://twitter.com/xworld_pro to learn more. Testnet has been launched in Southeast Asia. Download: https://play.google.com/store/apps/details?id=pro.xworld.app Join the XWORLD Community for more Website | Twitter | Instagram | Facebook |Litepaper Enjoy Your Passionate Game Time, Every Second Becomes Your Income.

XWORLD, the top-tier games, and apps recommendation platform, has recently released 52 versions for alpha testing. These versions have been carefully developed and refined to ensure a stunning release in the near future. XWORLD aims to provide users with a curated selection of the best games and apps available, ensuring an exceptional user experience. Stay tuned for the exciting release! X-World Version Update Records (Last 10 updates) Client 3.1.34 Release time: 2023/10/20 Optimization — Acceleration of $BUILD mining with H5 games participating in Optimization — Home page UI optimization New — Flash sale product notices added to homepage and game selection page Client 3.1.33 Release time: 2023/10/13 Optimization — Some UI details Optimization — Adjust the digging $BUILD boot style Added — Pop-up window of new user digs $BUILD prompt Added — Novice task guide (dig $BUILD guide) Fix — Handle human detection timeout issue Optimization — Smartlook screen recording logic Client 3.1.32 Optimization — Adjust some UI details Optimization — Added pop-up prompts for blank/error on network alliance task download page Optimization — Deal with the problem that some mobile phones cannot open permissions Optimization — The wallet balance increases currency switching, and the wallet hides tokens with a balance of 0 by default Client 3.1.31 App Store Path Adjustment Modify the minimum amount for forced wallet creation and backup wallet to 0.2 USD. Remove new user interest guidance Remove fresco and reduce package size Client 3.1.30 Fix the problem of integrating Smarlook Fixed the problem of incorrect loading of images in the game recommendation list Client 3.1.29 Added — Game recommendation list supports video playback Added — First transaction build adds withdrawal guidance Added — Smartlook (tool for recording user behavior) Optimization — Add pre-cache for novice pop-up window Optimization — add external link style to community posts Optimization — Add security prompt in permission guidance pop-up window Optimization — When returning to the audit status in the background, the Client adds audit judgment and reports it Optimization — Change the threshold for creating a wallet to 0.05 USD. Fix — Deal with the problem that the prop store is not displayed when the application is first opened after installation Fix — Deal with issue with video sound still playing after exiting video post Fix — Meizu phone failed to navigate to the application usage permission page set by the system Optimize other UI experiences and handle other issues Client 3.1.28 Added the function of sending pop-up windows in the background Application display status bar/navigation bar Optimize some UI displays and fix known issues Client 3.1.27 Add gaid to obtain retry mechanism Optimized web3 zone revision Adjust some UI and fix known issues Client 3.1.26 Added push notification to support icon display function Added the function of displaying/hiding small red dots in all bottom tabs of the homepage Added deep chain support to jump internal product/post/event details page Added the function of selecting interests for new users after registration Added functions for novice tasks and guidance Optimize the experience of changing the personal page address URL to the page path (Client multilingual processing) Optimize the experience of displaying balance for users who have not created a wallet Optimize the experience of following the author from the post details page and then returning to update the following status Optimize the experience of displaying high build guides on the library page once a day Fix the issue of selecting image permissions for android13 Fix the problem that the UUIDs reported by the exposure of community list items are all the same Fix the problem that clicking tab refresh fails Fix the problem of anr caused by web3 wallet initialization Fixed the issue of 403 error (restoring wallet function) when accessing links on some mobile phones Modify the app icon Client 3.1.25 Deep Chain supports jumping to fan list Payment/binding deep chain modification, payment interface parameter modification Client 3.1.24 Add functions for editing and deleting posts Add web3 page and the following tabs on the homepage Add the function of viewing larger images to the community map Add application to expose and report in the foreground The unified password for payment function is the wallet password Post search adds recommended games that can be associated Optimize the process of posting and selecting images Add follow/unfollow author function to post details page Add the function of clicking the post user avatar to jump to the guest status page Client 3.1.23 Change package name, signature, and configuration again Audit logic change Added Client Settings page Other issues to deal with XWORLD New-Gen Games & Apps Monetization Platform Earn Profits & Assets from Your App Usage Time Website | Twitter | Instagram | Facebook |Litepaper