The Move Foreward

We Called It!

• SOL- (Daniel4) - Entry of $180 given in newsletter, ran to the target of $195

• DYM - (Daniel4) - Entry of $5.70 given, ran to $6.40 target and hit highs of $6.80

• Agnico Eagle (AEM)- (Donnyenglish)  - hit $60 - entries at $50 and $42, has hit our first TP level of $60. Taking 50% off the table here (20 - 43% spot return)

• Kinross Gold (KGC) - (Donnyenglish) - entered at $5.50 vs. $6.27 last (+14% spot return)

Macro Markets

Wizard’s Weekly Musings

I am going to cover Macro markets under musings this week. Here’s a little recap of what has been happening: 

The crypto market and the stock market are under stress. Gold, yields, and the dollar are flying up. 

It’s a busy week ahead. So, I will go through them one by one. 

Federal Reserve Chair Jerome Powell has another upcoming speech this Wednesday, April 3 (today). Just days after suggesting rate cuts may not come until later in the year, Powell is again taking the podium ahead of the crucial March jobs data due this Friday.

What should you expect this time around?

If history is any indicator, it is likely more of the same. Indeed, Powell has generally worn a fairly neutral demeanor this year, maintaining expectations for rate cuts to come while conceding that the state of the economy warrants rates to stay higher for longer.

So far, equity markets responded poorly to Powell’s statements last week. Indeed, most major indices have fallen during the first two trading sessions of the new week, the first days of the second quarter.

Futures markets now price in a less than 60% chance of a Fed cut in June after the ISM index punched past expectations.

Manufacturing activity surged to 50.3 in March, marking the first monthly expansion in 16 months. As production rebounds and demand remains strong, Fed officials can afford to be more patient with rate cuts.

With Fed easing bets dented, bond traders have led a Treasury sell-off, and the 10-year yield rocketed to a four-month high on Tuesday. Below are the current probabilities for rate cuts: 

With more data, he will likely mention cuts but perhaps signal that June is too soon. This would strengthen the US Dollar. 

Any mention of the labor market is also critical. By midday on Wednesday, Powell may have already received Nonfarm Payroll figures. Even if he is not privy to the information, markets may perceive any remarks as a hint. Fears of a downturn would boost Gold and stocks while weighing on the Greenback. Reiterating that the job market is tight would do the opposite. 

Payrolls are set to show a moderate increase of 200,000 jobs in March after the 275,000 advance seen in February. Leading indicators and Powell's speech will help shape expectations. 

The headline number will likely dominate the initial reaction, while any surprise in wage data would impact markets afterward. Average Hourly Earnings are set to rise by 0.3% MoM and 4.1% YoY. 

As mentioned earlier, any rapid deterioration in the labor market would cause the Fed to change course and shift its tone to cutting rates sooner – even if inflation is high. A drop to 150,000 jobs gained or lower would trigger wild action. 

Conversely, another positive surprise, such as an increase of 250,000 positions, would boost the US Dollar, weigh on Gold, and trigger a mixed reaction in stocks and crypto. The market has absorbed many upside shocks and rallied, but average hourly earnings came in lower, helping boost lower inflation bets. 

Payrolls have seen a lot of upside shocks recently. Overall, it doesn't matter how data comes out at the end of the day. It’s how the market reacts. A drop in average hourly earnings on Friday will result in market pumping. This, mixed with lower headline employment, will be perfect. If Powell gives aggressive guidance that he won't be cutting in June on Wednesday, then he won't be cutting in June, and he is getting the market ready, which should result in a market dump as June gets repriced to zero. It will be interesting to see how this week goes. Overall, I see a lot of chops. I am still long, but we have made a lot of profits in the last few weeks. 

If the market is bullish and we see a dovish Fed and a bullish Payroll number, I will look at high-risk proxies to be long. This includes large-cap memecoins in crypto, things like $MEW on Solana, Wif, etc. I am also bullish on base chain memecoins. Overall, watch the alpha chat and Telegram for live calls. 

Look to stabilize and take profits on all green candles as we are about to see a lot of chop ahead for the next few months as rate cuts keep getting priced in and out as inflation turns around in the summer months. Stick to coins that show strength on dumps. I am still long in the gaming sector, Pendle, Solana, and Ethereum. I am sitting in 30% stables, and on dumps, I will end up jumping back in and looking to see what happens this week to see what levels I want to layer in at.

Wizard’s Cauldron

Current Portfolio Allocation

CRYPTO: 21%

NFTs: 17%

STOCKS: 12%

PRIVATE EQUITY: 18%

STABLECOINS: 32%

Equities

@donnyenglish

This week is a general update, with earnings in the rear-view mirror. It's a good time to take inventory. I’m cautious in taking new positions here, given the strong run the market has been for 4 months now. Discussions around higher oil prices, sticky inflation, and US debt concerns are starting to creep into mainstream financial media headlines, which again makes me err on the side of caution.

Current Positions:

Uranium—TradeTech Uranium price in the Term has printed $80/Ib, up +7% month on month, highlighting the demand from utilities. This is important because it is long-term actual demand, ultimately driving the spot price. We are happily holding NXE, UEC, and DNN, which we picked up on the recent dip and are returning to previous highs.

Golds—AEM and KGC are both performing well. AEM has reached our first TP level of $60, and I am looking to TP 50% here, noting the strong run-up Gold has had. It feels due for a pullback despite a very constructive medium-term set-up.

Lithium – we posted in the calls chat earlier this week and have high conviction on SGML at these levels, noting that we’ve accumulated between $11 – 14 over the previous months. ATLX also released some news this week, announcing a US$30m strategic investment and offtake agreement from Mitsui. I don’t hold ATLX despite its solid run off a low base, just given they are still not fully funded into development, and I don’t view the Company’s flagship Neves project as a Tier 1 project (unlike SGML’s). Last week, I added to my ALTM position as it briefly dipped below the $4.00 level. PLL hasn’t moved a lot and is currently consolidating around the initial entry position of ~$13; I’ll look to add more if / when it dips to sub $11.

Oil—CVX has been a good hold since we first picked it up in the $140 – 145 region. Oil is moving in the right direction (I’m far from an expert on the oil market), and CVX looks like it wants to move to the $170 level, where we’ll start to TP.

GEO—No developments, happy spot holder.

Tech—I'm not currently long any interest rate-sensitive sectors like tech / e-comm / marketplaces and am flat in UBER, ETSY, AFRM, etc.

Where I’m looking to add positions:

Cannabis:

• AdvisorShares Pure US Cannabis ETF (MSOS) - Regulatory moves in the US and Germany (and perhaps extending to other European countries) give the sector the best tailwinds it has had in 6 years. MSOS looks primed to break out on the daily; I’ll be looking to add following a daily close above $10.40. Key demand levels can be seen in the chart below. When this sector moves, it moves… MSOS hit >$50 in 2021 and has been in a two-year consolidation period, so the setup looks great.

MSOS Daily Chart:

MSOS Weekly Chart:

@abullish

Remember, if you’re going tech-heavy into these positions, consider hedging it with shorter-term QQQ puts.

$QCOM—The chart is looking strong with increasing bullish volume. It’s been a strong name throughout the technology dumps. I’ll be looking at $175 calls expiring 4/26/24.

$SHOP - another good-looking chart, in my opinion. There is great consolidation here with above-average volume. I’ll be looking at $81 calls expiring 4/26.

$BABA—We're returning to interesting buy levels, with selling pressure wrapping up and solid consolidation. It feels like the poor China has been factored in now. I’ll be looking at $75 calls expiring 4/26.

$AMZN is a very appealing bullish channel here. It has also been incredibly strong among the mega-cap names. I’m anticipating Amazon approaching the top of this channel. I’ll be looking at $185 calls expiring 4/26.

Technical Analysis

@pidgeonn Analysis

BTC

I've been discussing Bitcoin’s outperformance for the past few newsletters. We took the risk off on alts and moved into stables and BTC. We're starting to see the payoff on that move, as 90% of all the alts are down more and look worse than Bitcoin.

The plan is as follows: We have accumulated a large Bitcoin position. For reference, I have virtually no stables anymore but have focused on BTC. Now, we'll be swapping BTC for high-quality alts trading at big discounts on their BTC charts. (TAO and KAS have started entering discount regions.)

I have quite a large position regarding the general Bitcoin stack, so I will also look at TPs and sidestep setups for Bitcoin. I expect Bitcoin to trade up from here as we're consolidating above previous all-time highs in a strong uptrend. Consolidation in a strong uptrend also has a higher likelihood of continuation, along with everything else lining up nicely for the upside.

My targets lead me to 83k, 100k, and higher. If my invalidation comes to a break below 60k, I'll look to sidestep a large chunk of my BTC position, hoping to buy back at 52k and 45k.

LINK 

The Link Marines are holding on for dear life, trying to stop their favorite coin from distributing too hard, but it doesn't look too good for them. If LINK again drops below the $17.7 support and forms a bearish retest, we can take some cheeky shorts down to 16.3 and 15.5. Stops go around 18.5 or above the retest highs with some room.

It's not looking good for Chainlink in the short term. I'd expect a short-term downside with big lower lows, lower highs, and clear distribution. Maybe it'll revisit its previous range between 13.3 and 16.4, but time will tell. We're still in a bull market, so I'm not here to be turbo bearish and call for targets down to hades.

TAO

Bittensor is playing out a classic case of distribution. I outlined this last week on the Edge when TAO was trading at over 600. Since then, the initial move has been played out, hitting the 1.272 from the range and playing out the pattern target. We've added some back to our long-term TAO bags below 500 and are now observing the chart for further action.

If it continues downtrending, we'll look to add at levels such as 420 (nice) and 369 (nice). If TAO is nice enough, we'd also love to get some below in the low to sub 300s. Note that these are all long-term spot positions. We'd like to see TAO go no lower than 250; however, sub-200 becomes more likely at that point.

The other option here would be if TAO reclaims the 580 level. If it breaks back into the previous range, we can look to play it up to range highs again around 700 and hold part of that position for the long term.

@cryptofox Analysis

SUI

When writing this week’s newsletter, SUI was trading at 1.74. Last week, we mentioned the importance of the 1.75 level. More specifically, we said:

“We are monitoring 1.75$ for a potential addition to our Sui spot bag. This level is both psychological and technical in importance. Should we see a move below 1.75$, we are looking to build out our spot bag further after we close a daily candlestick below this level.”

It is important to note that while we have come down and gone below 1.75$ after hitting a local top at 2.18, SUI has not yet been able to close a daily candlestick back above the 1.75 level. We think waiting for this bullish confirmation is important before pulling the trigger on an add to our SUI spot bag.

If we get a candlestick closure on the daily timeframe above $1.75$, we are looking to tread lightly in our add. Over the past two weeks, we have pointed out that there was a strong spot bid on SUI while the futures were aggressively short.

Currently, we see that the spot bid on SUI has waned. This is visible on the spot CVD, which has stopped uptrending. More than that, SUI has also deviated back below a key resistance at 1.974. Meanwhile, futures are still aggressively short. Finally, the volume on the most recent highs has been lower than on the initial run-up, which is not a sign of short-term strength.

We want to remain cautious as long as SUI is trading below 1.974 with declining spot interest and strong futures short interest. This means that we are not interested in playing any leverage at all on SUI.

We would not be surprised to see SUI flush down and tap one or more of the following sell-side liquidity levels:

• 1.43

• 1.3386

• 1.212

• 1.0074

Because of the risk of such a flush, we are looking to cut any remainder of our spot bags if SUI gets back below 1.59 from here, which should protect us from unnecessary downside. 

FTM

Unfortunately, FTM is a coin that hasn’t given us the price action we had hoped for last week. Whenever that happens, it's important to remain level-headed and to zoom out on the chart before making any next steps. This prevents overtrading and/or revenge trading.

We have identified a trading range for FTM with range lows at 0.6605 and range highs at 1.055. When writing this week’s newsletter, FTM is trading at 0.865, which is in the middle of our range.

We are not interested in playing in the middle of a range. We need to see acceptance above the current range highs at 1.055 to assume bullishness for continuation to the 1.682 level. Such acceptance would only be confirmed upon a weekly candle close above 1.055. However, if FTM can close a daily candlestick back above 1.055, we are looking to start building a spot bag.

Alternatively, FTM continues down further over the next few days/weeks, leading us to a retest of the range lows at 0.6605. Even though those are our range lows, we are not too eager to play long from there. This is because FTM has left behind a weekly fair value gap below 0.6605, an area where the price could easily get attracted back to in prolonged bearishness.

This weekly fair value gap sits between 0.4415 (low end) and 0.5369 (high end). Those are levels where we are interested in looking for a long position. The ideal scenario would be where FTM (and other coins) catch a good liquidation candle to the downside, which sends the price (temporarily) below either 0.4415 or 0.5369. Only after closing a daily candlestick back above either of those two levels after first catching the liquidity below those levels do we intend to go long (with a low 3-5x leverage), putting our stop loss either below 49c (after closing a daily candlestick back above 0.5369) or below 39c (after closing a daily candlestick back above 0.4415).

@daniel4 Analysis

SOL

TLDR: We will be longing the $180-184 range with a stop loss of $175.5 and targets of $194, $204, and $240.

SOL is a clear Buy the Dip candidate as the market sells off this week. SOL has been an outperformer in recent weeks of consolidation. I am not a huge fan of this entry, but it is hard to pass up longing after a few red days. If this idea gets stopped out, we will look to re-enter in the $140-160 range. 

Side note: I am a buyer of BTC in the $50-60k range with conviction.

Technically speaking, SOL is already bouncing from its golden pocket in the $178-180 range. I wish this idea could have been pushed out sooner, as it is possible we won’t get filled on SOL before it runs back to the $190 range.

This is a prime area to long for a short-term bounce, as long liquidations have taken place below the $180 level, according to the liquidity map on CoinGlass. Should we dip back to this level, we look to long aggressively in the range given, especially below $180. 

I gave the $180 target as a strong entry last week, and this has proven to be an important level that bulls are defending.

Looking at the 12-hour chart, we can see a clear range between about $180 and $200. This idea has us longing the bottom of this range in anticipation of a liquidity sweep to the top of this range. Should we continue higher, expect a move to this upper range of around $200, if not a sweep above recent highs of around $210.

DYM

TLDR: We will be longing the $5.00 - 5.40 range with a stop loss at $4.80 and targets of $6.40, $7.50 and $8.70.

Last week, we gave a clean setup on DYM and cashed on a 20% move from $5.70 to $6.40. DYM moved up to highs of $6.80 before drawing down to current levels of $5.30. 

It’s hard to not long DYM at this wide range low. This is potentially a blessing and is a HIGH RISK TO REWARD SETUP. We will take it with a high willingness to get stopped out because of the high potential upside.

Do not make this emotional and expect to get stopped out. If we don’t get stopped out, however, there is a high likelihood that DYM sweeps the mid and potentially the upper range of its wide consolidation range.

After tagging the 0.5 Fib around $6.80, DYM dipped back to its consolidation range lows. We are longing these lows in anticipation of a move back to the 0.5 mid-range and ideally higher. 

AVAX

TLDR: We will be longing the $38 - 42 range with a stop loss at $33.50 and targets of $52.00, $59.00, $65.00 and $85.00.

AVAX has sold off significantly this week after a promising move to the upside last week. This week, we look to enter the Golden Pocket in anticipation of a bounce from around $40 to the $50s and beyond. AVAX is currently sitting at the 0.5 fib level and should see a slight bounce, but we are looking to be stubborn with our entries on this idea and will wait for $38 - 42 range to long. 

The 8-hour chart shows an unfilled gap/wick at the lower end of the golden pocket around $40. This is a good psychological level to catch a nice bounce potentially. We have placed our stop loss at an invalidation level of $33.50, below the next wick, should AVAX need to dip more before seeing a significant bounce. 

Web3 News

@epicrubia

Solana DeFi Sees Record Volumes Fueled by Meme Coin Frenzy

Solana's decentralized exchange (DEX) market is on fire. March saw a record-breaking month for trading volume, largely driven by the popularity of meme coins. Data from DeFiLlama shows that Solana DEXs processed a staggering $58.4 billion in trading volume, shattering the previous record of $28.5 billion set in December 2023.

This surge coincides with a wave of meme coin activity on the Solana blockchain. Established meme coins like Dogwifhat (WIF) and Bonk (BONK) continue to see significant trading, while newcomers like Book of Meme (BOME) and Slerf (SLERF) have also captured investor attention. Even meme coins inspired by current events, such as those referencing the sentencing of FTX founder Sam Bankman-Fried, experienced a brief surge before plummeting.

Solana DEX Orca has emerged as a leader in this market frenzy, boasting $3.6 billion in trading volume over the past week. Other DEXs like Raydium and Phoenix have also seen a notable increase in activity.

The boom has extended beyond individual DEXs. Jupiter, a decentralized exchange aggregator, has seen its native token, JUP, rise 24.9% in the last week, likely benefiting from the increased trading activity.

While some meme coins continue to climb, like Book of Meme (BOME) and Popcat (POPCAT), established players like Dogwifhat (WIF) and Bonk (BONK) have experienced recent price corrections. This highlights the inherent volatility of the meme coin market.

Interestingly, despite the booming DEX market, the price of Solana's native token SOL has dipped slightly in the first few days of April. This underlines the complex dynamics at play within the Solana DeFi ecosystem.

One thing is clear: the recent surge in meme coin popularity and the record-breaking trading volume on Solana DEXs display the ongoing evolution and dynamism of the DeFi landscape.

Decentralized Pictures Launches DCP+, A Streaming Service for Independent Filmmakers

Independent filmmakers, rejoice! Decentralized Pictures, a film funding platform built on blockchain technology, has announced the launch of DCP+. This new in-app streaming service aims to empower independent creators by providing a transparent and fair platform for content distribution and revenue generation.

DCP+ breaks the traditional model by offering filmmakers complete control over their work. Creators can upload content directly to the platform and keep 100% of the revenue generated through rentals. This revenue is distributed automatically through smart contracts, ensuring a transparent and immutable record of transactions.

Viewers on DCP+ can access a library of independent films using FILMcredits tokens. These tokens can be purchased with traditional currency or earned through community participation, such as writing reviews or participating in discussions. This unique system incentivizes viewer engagement and fosters a collaborative environment for film discovery.

Democratizing Filmmaking with Blockchain

Decentralized Pictures, the non-profit co-founded by filmmaker Roman Coppola, is at the forefront of this movement—their platform leverages blockchain technology to create a more democratic and equitable space for creators and viewers alike. One key feature is on-chain voting, which empowers the community to greenlight directly and fund film projects. This disrupts the traditional gatekeeping system in Hollywood, allowing a wider range of voices and stories to be heard.

Building a Sustainable Ecosystem

Decentralized Pictures emphasizes fair compensation for all stakeholders within the filmmaking ecosystem. Filmmakers retain complete ownership of their work, and a portion of the platform's revenue is reinvested into the community to fund future projects. This reinvestment model, alongside the ability to conduct "test screenings" through the peer review process, fosters a collaborative environment that supports independent filmmakers. Additionally, a moderation system ensures content adheres to community guidelines while rewarding users who contribute to maintaining a safe and legal platform.

The launch of DCP+ marks a significant development in independent cinema. By leveraging blockchain technology and fostering a community-driven approach, Decentralized Pictures is paving the way for independent filmmaking's more sustainable and inclusive future.

BlackRock's BUIDL Fund: A Signal of Crypto Adoption by Wall Street?

In a move seen as a positive indicator for cryptocurrency adoption, investment giant BlackRock launched its first tokenized fund, BUIDL, on the Ethereum blockchain. BUIDL attracted a significant $245 million in its first week, raising eyebrows in the financial world.

The fund focuses on stability, investing solely in cash, U.S. Treasury bills, and repurchase agreements. Like some established crypto stablecoins, this structure aims to maintain a 1:1 peg with the U.S. dollar.

While not a direct investment in cryptocurrency, BUIDL's launch on a public blockchain like Ethereum is noteworthy. This foray into tokenized assets suggests BlackRock is cautiously exploring the potential of blockchain technology within the traditional financial system.

BlackRock's CEO, Larry Fink, has previously expressed interest in Ethereum-based ETFs, suggesting BUIDL may be a stepping stone toward future developments. The success of BUIDL in attracting investment could pave the way for wider acceptance of cryptocurrency among institutional investors.

Only time will tell if BUIDL is a one-off experiment or the beginning of a larger trend. Regardless, it is a clear sign that Wall Street is taking notice of the potential of blockchain and cryptocurrency.

NFT’s

@epicrubia

Local Artist Makes Waves in the NFT Space: Unveiling the Archive with Lilkool

This week’s NFT section is extra special as we delve into the world of Lilkool, created by a renowned New York City-based illustrator, designer, and fine artist, Joshua Maupin. Maupin's career trajectory is an inspiration, evolving from his graffiti roots to a thriving art practice. He has channeled his artistic passion into captivating illustrations, cartoons, and fine art pieces, captivating audiences for years. Recently, he has made a significant impact in the NFT space, and collectors are eager to see what this innovative artist brings to the table next.

Maupin's artistic journey began on the streets, where he honed his skills through graffiti art. This foundation in bold visuals and captivating narratives is evident throughout his career. His transition to a successful art career involved dedication, experimentation, and a clear artistic vision. This experience is precisely what Maupin emphasizes for artists looking to enter the NFT space.

Navigating the NFT Landscape: Building a Foundation for Success

Maupin's approach to NFTs is refreshingly balanced. He acknowledges the potential for financial rewards within the NFT market but prioritizes artistic integrity and a long-term vision. "It's not about overnight success," he says. "It's about building a foundation for your work that will endure." This philosophy is evident in his upcoming project and his valuable insights for artists considering NFTs.

Maupin emphasizes the importance of passion and patience. He advises against chasing trends and prioritizes creating high-quality work that reflects a unique artistic identity. "There's a lot of room for experimentation," he says, "but focus on what you love to create and allow your style to evolve organically." He also encourages embracing mistakes as learning opportunities, especially in a new and evolving space like NFTs.

When discussing his experience on the SuperRare platform, Maupin highlights its selective nature and focus on reputable collectors. "It creates a secure and curated environment for artists and buyers," he explains. He believes such platforms are crucial in the Wild West landscape of NFTs, where building a formidable reputation is vital for long-term success. His experience on SuperRare is a valuable lesson for artists navigating the complexities of NFT platforms.

A Glimpse into the Vault: Unveiling the Archive

Intrigued by the prospect of owning a piece of Lilkool's artistic foundation? Here is where our readers get a special sneak peek. Maupin, in collaboration with our team at Weekly Wizdom, is preparing to launch a groundbreaking NFT project titled "Unveiling the Archive." This exclusive opportunity will allow a select group of collectors to acquire previously unreleased works from Maupin's past, spanning drawings, illustrations, and early artistic endeavors.

We cannot reveal all the exciting details yet, but stay tuned! In the coming weeks, we will look at "Unveiling the Archive," including the official launch date, the minting process, and the unique benefits available to NFT holders. You will not want to miss this chance to own a rare and valuable piece of Maupin’s artistic journey.

Looking ahead, Maupin expresses his desire to explore new blockchains and experiment with utility-driven NFTs. His vision extends beyond simple artwork sales. He aspires to create NFTs that offer additional benefits to collectors, such as exclusive access or merchandise. Perhaps the most ambitious project on the horizon is an animated cartoon series funded by NFT sales. NFT holders would receive special benefits and rewards as the project progresses, fostering a deeper connection between artist and collector.

"Unveiling the Archive" marks a new chapter for Joshua Maupin as he ventures into a new blockchain and fosters connections with a wider audience. We at [Weekly Wizdrom are excited to see this project unfold and remain committed to keeping our readers informed about the latest trends and developments in the NFT landscape. Stay tuned for further updates!

Explore on Social:

X Account

https://twitter.com/lilkool_?s=21&t=WymixmMV150-sahfHkS0jA

ELIXIR GAMES

Elixir is the largest game platform in Web3, enabling end-to-end distribution and fintech enterprise-grade solutions. Powering more than 130 games, Elixir offers different products that make games seamless for gamers. The backing of industry giants Square Enix and the Solana Foundation bolsters this formidable position. 

Elixir Games aims to empower the next wave of players, games, and studios by integrating open economies into gaming, fostering player ownership and verifiable digital asset scarcity. Web3 gaming suffers significant user experience challenges, hindering its mainstream adoption. These issues include fragmented user experiences across different games and chains, complex payment processes, and distrust among traditional gamers due to past abuses and lack of tangible benefits.

The proposed solution is a comprehensive platform that addresses these pain points by offering a one-stop-shop for Web3 gaming. It introduces a range of products and features to enhance user experience, streamline payments, foster trust, and provide a seamless gaming environment.

Some of the products offered by Elixir:

1. Wallets: Introducing multichain non-custodial wallets with enhanced security features. Users can create wallets seamlessly through social logins, eliminating the need for cumbersome seed phrases and offering full asset recoverability.

2. Payments: Facilitating fiat and crypto checkout within games through an Elixir overlay, ensuring a quick and convenient payment process. The platform supports payment methods in over 190 countries, enabling in-game purchases and fiat on/off ramps.

3. Launchpad: Offers early investment opportunities in top-tier gaming projects curated by an expert incubation team. Users can access exclusive games and investment options based on their staking levels, fostering community engagement and financial participation.

4. Season Pass: Enhancing gaming experiences through gamification elements such as tournaments, quests, and loyalty programs. Players earn rewards through platform activities and referrals, encouraging active participation and community growth.

5. Marketplace: This platform revolutionizes trading in-game NFTs with overlay technology, royalties enforcement, and simplified transfer mechanisms. Users can seamlessly buy, sell, and trade NFTs without leaving the gaming environment, promoting a vibrant secondary market.

LAB COLLECTION - FREE MINT 

999 reusable flasks are available for crafting elixirs by combining them with various consumables. Participants will receive 1 empty flask and a RANDOM consumable during the FREE MINT event. The distribution of 999 empty flasks and 999 consumables follows a possibility matrix with percentages: 70%, 15%, 7.5%, 5%, and 2.5%.

Each elixir crafted with these components offers a unique effect. The consumables grant access to different tiers—plankton, Prawn, Dolphin, and Shark—for an Initial DEX Offering (IDO) or free merchandise through the Monchito Elixir. 

To get a chance for the free mint, complete quests: https://launchpad.elixir.games/freemint

TOKENOMICS

There will be a total of 1.5 Billion $ELIX, of which 8.5% of the tokens will be unlocked on TGE. MC at TGE is $6.5 million, while FDV will be $75 million. The distribution of the tokens is as follows:

• Ecosystem Rewards - 45%

• Private Sale - 22%

• Liquidity - 9%

• Public Sale - 6%

• Investors & Advisors - 18%

The allocation for teams, private investors, and advisors is vested for 36, 24, and 36 months, respectively. The distribution is quite sound, and the vesting schedule shows that the team is taking responsibility. 

In terms of inflation, the mechanics are as follows:

• 0.5% of every transaction happening within the Elixir ecosystem is burnt.

• 2.5% of every IDO will buy $ELIX and burn it.

• 1% of every swap/bridge will be used to buy & burn $ELIX.

PARTNERSHIPS & NUMBERS

Exclusive deals with the following games: 

• Chronos World

• Tollan World

• World of Eternals

• Mokens League

• Elemental Raiders

• Cybertitans

• No Way Back

Numbers so far:

• 14x return on the last token sale ($LITT)

• +130 top tier web3 games, selected by quality

• $6.9M revenue from game license sales and token/NFT drops

• +0.5M downloads on Windows, Mac OS & Linux

• 20+ Ecosystem Integrations. 

THOUGHTS

Elixir Games addresses significant user experience challenges, including fragmented experiences, complex payment processes, and a lack of trust among traditional gamers. Through innovative solutions such as multichain non-custodial wallets and streamlined payment systems, Elixir is reshaping the landscape of Web3 gaming by providing solutions required for Web3 games. 

We can see there is innovation, good numbers backing them, exclusive partnerships with leading Web3 protocols and platforms, and a team of 30+ experienced members from different industries. 

Web3 gaming has been 10+ years in the making, and this year/cycle, it is expected to take off and onboard new users. Several leading games and platforms spearhead this pocket across different chains, solving the onboarding challenge. Elixir Games is one of those platforms that will onboard Web3 users with its suite of products, which makes Web3 gaming seamless and easy for gamers.

AI

@epicrubia

OpenAI Unveils Voice Engine for Realistic Speech Cloning

In a move with significant implications for accessibility and potential misuse, OpenAI has introduced a new text-to-speech technology called Voice Engine. This tool can create remarkably realistic human speech patterns after training on a 15-second audio sample.

AI voice cloning tools traditionally required significantly more audio data to produce convincing results. ElevenLabs, a competitor in the space, recommends nearly 10 minutes of speech for professional-grade cloning. OpenAI's achievement highlights the rapid advancements being made in the field of artificial intelligence.

The potential benefits of Voice Engine are undeniable. OpenAI presented a case study where the tool successfully recreated the voice of a young patient who had lost her ability to speak due to a brain tumor. This technology has the potential to offer a powerful communication aid for those suffering from speech loss.

However, OpenAI acknowledges the ethical concerns surrounding Voice Engine. The ability to create such realistic speech reproductions raises the possibility of impersonation and misuse, often called "deepfakes." Malicious actors could use this technology to impersonate public figures or spread misinformation.

Following the lead of companies like Meta, OpenAI is taking a cautious approach to releasing Voice Engine. Currently, the tool is undergoing closed testing with select partners. OpenAI emphasizes its commitment to responsible deployment and actively explores methods to prevent misuse, such as voice authentication and "no-go" lists for prominent figures.

The company has outlined usage policies for its testers, including requiring consent from the original speaker and prohibiting impersonation. OpenAI will use the results of these trials to determine the future of Voice Engine and its broader public availability.

This development comes alongside OpenAI's announcements regarding GPT-5, the next iteration of its powerful language model, and Sora, a new video generation tool. Both projects highlight OpenAI's continued efforts to push the boundaries of artificial intelligence. While the potential benefits of Voice Engine are significant, the ethical considerations surrounding its use cannot be ignored.

Tether, Issuer of Leading Stablecoin USDT, Ventures into AI

Tether, the company behind the popular USDT stablecoin, is moving into the field of artificial intelligence (AI). This expansion aims to promote open-source AI models and accessibility within the field.

Tether's investment strategy focuses on developing open-source, multi-modal AI models, potentially creating new industry standards. The company emphasizes transparency and privacy in AI development, a potential counterpoint to concerns over Big Tech's control of AI technologies.

This move comes alongside job postings for AI Engineer and Head of AI Research and Development, suggesting Tether is building a dedicated AI team. The company highlights its commitment to responsible AI development through these actions.

Tether's investment in AI follows a $622.6 million investment in Northern Data Group, a company specializing in AI cloud platforms and data center infrastructure. This strategic partnership positions Tether to leverage cutting-edge AI technologies.

While Tether has not responded to requests for comment, this announcement signifies a growing connection between AI and cryptocurrency. As AI continues to disrupt various industries, it will be interesting to see how Tether's involvement shapes the future of this powerful technology.

AI Chatbots Battle for Users: Free Access vs. Ads

AI chatbots are becoming increasingly competitive, with leading platforms ChatGPT and Perplexity AI vying for user attention. Both companies recently announced changes designed to expand their reach and revenue models.

ChatGPT Opens the Door for New Users

OpenAI, the developer behind the popular ChatGPT platform, is making it easier for people to explore the potential of AI. Previously, users needed to create an account to access GPT-3.5, the underlying technology powering ChatGPT. To boost accessibility, OpenAI is now offering a simplified version of ChatGPT that does not require login.

This is a strategic decision aimed at those with a casual interest in AI experimentation. However, there are limitations to the free, anonymous tier. OpenAI will implement safeguards to restrict user prompts and the types of responses generated. Additionally, user prompts may still be used to improve the AI model, though users can opt out of this data collection in the settings.

Perplexity AI Seeks Revenue Through Advertising

Perplexity AI, another major player in the AI chatbot space, already offers free access to its platform. However, they are exploring the addition of advertisements as a way to generate revenue. The company emphasizes its commitment to unbiased answers, even with the introduction of ads.

Boasting ten million active monthly users, Perplexity AI presents an attractive opportunity for advertisers. The company assures users that ads will not influence the content of the AI's responses. Instead, advertisers may subtly use the "related questions" feature to guide user queries in an advertiser-relevant direction.

Contrasting Approaches to User Experience

These announcements highlight the different approaches taken by ChatGPT and Perplexity AI. ChatGPT prioritizes accessibility through a free, albeit limited, version of its platform. Perplexity AI focuses on a premium user experience by offering full features with ad support.

AI chatbots are evolving to address user needs and secure a leading position in the rapidly growing AI market. It will be interesting to see how these contrasting strategies unfold and how they shape the future of AI interactions.

Cognitive Corner

@DrKavner

The "See, I Told You So!" Syndrome

Imagine you're convinced that pineapple belongs on pizza. You'll probably start noticing every pineapple pizza lover around you, ignoring the naysayers. This is your brain on "Confirmation Bias" - it loves to say, "See, I was right!" especially when it comes to investing. If you think a stock will soar, you'll find every bit of good news that supports your view and ignore the rest.

But here's the twist: the market doesn't care about our hunches. To dodge the "I told you so" trap, play detective. Look for clues that challenge your theory as much as those that support it. It's like asking, "But what if pineapple doesn't belong on pizza?"

This way, you're not just cherry-picking the good stuff; you're getting the full menu. And in the feast of investing, a well-rounded diet is key to keeping your portfolio healthy and growing. So, before you take a bite, make sure you've looked at everything on the table. 🍍🍕💡

References

decrypt.co/224344/free-chatgpt-perplexity-logging-in-ads

decrypt.co/224308/solana-defi-trading-all-time-high-meme-coin-frenzy

decrypt.co/223700/coppola-backed-decentralized-pictures-film-streaming-service

decrypt.co/223802/blackrock-buidl-ethereum-tokenized-fund-245-million

decrypt.co/224165/open-ai-voice-engine-clone-speech

decrypt.co/223563/usdt-maker-tether-pushes-into-ai-prioritizing-transparency-and-privacy

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