News

Crypties Awards: Crypto Unicorns Wins Game of the Year

Bullet Points:
• Decrypt Studios held the inaugural Crypties Awards in Miami on November 30th, with Crypto Unicorns winning the Game of the Year award.
• Actor David Bianchi previewed his Web3 TV series ‚RZR‘ and conducted two NFT drops to build engagement from fans.
• Kathleen Breitman from Tezos discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception at Web Summit in Lisbon.

On November 30th, Decrypt Studios held the inaugural Crypties Awards gala in beautiful Miami, Florida. The evening was hosted by Josh Ostrovsky („The Fat Jewish“) and featured a range of presenters from popular crypto projects. Nine categories were awarded with statuettes and the Game of the Year award went to Crypto Unicorns. Katrina Wolfe accepted the Cryptie from presenter Avery Akkineni of Vayner3. Other nominees in the same category included Stepn, Zed Run, and Blankos Block Party.

Veteran actor David Bianchi was also present to give a preview of his upcoming drama series „RZR,“ which will be distributed through Gala Films. Set in a dystopian future Los Angeles, the show will feature Ethereum and other digital assets as part of the plot. Bianchi conducted two NFT drops to build engagement from fans and generate buzz for the series.

The Web Summit in Lisbon, Portugal had Kathleen Breitman, the co-founder of Tezos, as a speaker. Breitman discussed how Tezos has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming with Decrypt’s Stephen Graves.

The Crypties Awards highlighted some of the most innovative projects in the industry and celebrated the achievements of developers, creators, and influencers alike. The evening was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. It was an incredible night that marked the beginning of a new era of innovation and progress within the crypto space.

Exploring the Future of Web3: Interviews From Decrypt

• Blocknative CEO Matt Cutler recently sat down with Decrypt’s Jason Nelson at 0xpo Crossroads to discuss his Web3 journey and Blocknative’s business.
• Veteran actor David Bianchi spoke with Decrypt’s Jason Nelson about his upcoming Web3 TV series, „RZR,“ which will feature Ethereum and other digital assets as part of the plot.
• At the inaugural Crypties awards gala in Miami, Tezos co-founder Kathleen Breitman spoke with Decrypt’s Stephen Graves about Tezos’s proof-of-stake mechanism, Ethereum and sharding, progressive decentralization, and NFT gaming.

At 0xpo Crossroads in San Francisco, Blocknative CEO Matt Cutler had the opportunity to speak with Decrypt’s Jason Nelson about his Web3 origin story and Blocknative’s business. Matt shared his insight on current misconceptions in the crypto space, and how Blocknative is helping to move the industry forward.

Veteran actor David Bianchi also spoke to Decrypt’s Jason Nelson about his upcoming Web3 TV series, „RZR,“ which will be distributed through Gala Films. David expressed his enthusiasm for the project, which is set in a dystopian future Los Angeles and will feature Ethereum and other digital assets as part of the plot. In order to build engagement with fans, David conducted two NFT drops to coincide with the project.

In December 2022, Decrypt Studios held the inaugural Crypties awards gala in Miami, with emcee Josh Ostrovsky and presenters from a range of crypto projects. At the event, Tezos co-founder Kathleen Breitman spoke with Decrypt’s Stephen Graves about Tezos’s proof-of-stake mechanism, Ethereum and sharding, progressive decentralization, and NFT gaming. Kathleen’s enthusiasm for the project was evident, as she discussed her admiration for Tendermint and how the Tezos blockchain has used a proof-of-stake mechanism since its inception.

In addition to these conversations, Decrypt also hosted live events, such as onstage panels and interviews from conferences and summits. These events provided insight into the current state of the crypto space, and offered a glimpse into the future of Web3 and blockchain technology.

Almost $ 3 billion in crypto was liquidated in 24 hours

The cryptocurrency market has seen nearly $ 3 billion in liquidations in the past 24 hours.

This follows the steepest drop in prices observed in this asset class since the start of the last hike.

This rapid price movement continues to highlight the massive volatility of the asset class.

It looks like the bull run euphoria is coming to an end, as the overall market is in the red for the first time in a long time.

Cryptocurrency prices have fallen sharply as the ether has fallen by nearly 20%. Meanwhile, bitcoin has fallen almost 15%, and some altcoins are being hit even harder.

According to Bybt , a crypto derivatives data analysis platform, $ 2.87 billion has been liquidated across the cryptocurrency ecosystem in the past 24 hours. This includes $ 1.77 billion of bitcoin and $ 629.5 million of ether.

The majority of liquidations took place on Binance, then Huobi, and finally BitMEX. The biggest sell-off took place on BitMEX at BTC, where a trader lost the astronomical sum of $ 8.72 million.

Has the price reached its maximum?

Since bitcoin broke its previous price record in 2017, there has been virtually no decline. This is the first decrease of + 15% since the start of the last wave of bull run.

Bitcoin has broken a new high almost every day and has been in almost constant price discovery. In other words, the market was constantly trying to determine a fair value spot price.

As bitcoin has passed double its previous all-time high , a pullback is expected. Many users are unsure whether the asset will continue to fall, find support, or rebound and continue to move higher.

What to expect in the future of crypto

Some particularly conspiratorial retail users claim that “market manipulation” is the cause of the recent price increase. That said, bitcoin is an inherently volatile asset that has just experienced one of the biggest rises ever.

With such rapid growth across the space in such a short period of time, it is only natural to see such price volatility as speculators take profits.

Ethereum is also hit hard. Although it accounts for around 35% of Bitcoin’s total monetary losses, it only has a market cap of around one-fifth.

Cryptocurrency traders with years of experience are well aware that massive volatility across the space is likely to persist until crypto is adopted on a large scale.