XWORLD: Pumping the Next Web3 Bull Market with One Million Active Users
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
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The Sandbox Hires Ex-PlayStation, Apple Exec to Drive Game's Creator Economy
Nicola Sebastiani, who previously worked at Ubisoft and PlayStation, is joining The Sandbox to lead its creator economy push.
Nicola Sebastiani (left) and The Sandbox co-founder Sebastien Borget. Image: The Sandbox
Voxel-style NFT gaming platform The Sandbox has hired game industry veteran Nicola Sebastiani to be its chief content officer and help develop the crypto-forward company’s creator economy, the firm announced Tuesday.
Sebastiani has worked in the gaming industry for years, from a role on Ubisoft’s mobile team to co-founding the Apple Arcade subscription service for the App Store, and ultimately leading PlayStation’s mobile strategy over the last two years. Now he has moved into the Web3 world with The Sandbox.
“I think that we are at a historical shift in gaming,” Sebastiani told Decrypt in an interview. “We are fully entering the creator economy.”
Sebastiani believes that user-generated content, or UGC, is a gaming trend that will continue to gain popularity. And while The Sandbox primarily offers mini-games and gaming experiences within its broader platform, Sebastiani said that he wants players to feel free to use the platform however they like, whether it’s for socializing or experimentation.
“I really think of us as a social platform,” Sebastiani said of The Sandbox.
In addition to the game’s creator economy, Sebastiani will also oversee game publishing, internal game production, and the development of The Sandbox tools Game Maker and VoxEdit at the company.
Compared to rival platforms in the broader gaming industry like Roblox, Fortnite, and Minecraft, The Sandbox requires some knowledge and use of crypto and NFTs to fully experience. Users can connect their crypto wallets, purchase in-game items with its SAND token, and buy virtual land NFTs to build on and play within.
“I think it’s critical to The Sandbox as far as ownership, as far as giving creators and players leverage on their achievements, what they build,” Sebastiani said of the platform’s crypto elements.
A major step toward empowering creators is giving them the ability to publish and potentially monetize their own experiences. Sandbox players will finally be able to build and self-publish their experiences by the end of this year, according to the company.
The Sandbox, which has seen roughly 4.5 million registered crypto wallets, takes a 5% platform fee which Sebastiani said “is reinvested in the community” via different methods such as the company’s Game Makers Fund.
By comparison, Epic Games currently takes 12% of creator revenue, Roblox takes 30%, and rival NFT-powered platform Decentraland takes 2.5% of creator revenue.
The Sandbox saw approximately 3,840 unique active wallets engage with the platform in the past month, generating a total of $2.26 million in total volume traded according to data from crypto analytics firm DappRadar. Decentraland saw about 2,770 unique wallets generating roughly $19,880.
Overall, crypto-powered game platforms remain much smaller than industry titans like Roblox, which boasts over 200 million monthly active players. Epic’s Fortnite sees similar numbers, with about 230 million monthly active users as the platform increasingly shifts toward emphasizing its user-generated content.
The Sandbox and other crypto-powered metaverse platforms may have to continue to appeal to creators to stay competitive as the creator economy evolves. Goldman Sachs predicted earlier this year that the $250 billion creator economy will continue to grow, and could swell to become a $480 billion industry within the next three years.
XWORLD
New-Gen Games & Apps Monetization Platform
Earn Profits & Assets from Your App Usage Time
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