DeFI News by Thebittimes.Com

Play-to-earn games make it possible for players to earn while doing what they love: playing games. Several of these games have become prominent after the success of platforms like Axie Infinity, Decentraland, and more.  Recently, Calvaria, an up-and-coming blockchain game, launched its RIA token on presale. Investors can purchase it early to enjoy gains on their holdings.  Calvaria: NFTs Meet the Metaverse Calvaria: Duels of Eternity is an upcoming game that allows players to buy trading cards representing different characters, each with specific traits. The platform provides a virtual gaming world where players can trade non -fungible tokens (NFTs) representing specific characters. They can use these cards in battle to level up and earn rewards .   The characters in the game can also be grouped into different groups, all within the universe. So, players looking to purchase multiple cards can do that as well. All NFTs can be bought or sold in the...

The DeFi market kickstarted its recovery a few days back. On 16 October, the total value locked in all protocols was at its lowest point in October. From there, a trend reversal started materializing, and at press time, the said metric depicted an elevated reading of $54 billion. As depicted below, a close to 1% recovery has been noted on this front over the past day. Source: DeFiLlama Individual protocols like Maker and Lido Finance have noted inclines greater than 4% over the past week, instigating the broader recovery. Source: DeFiLlama Interestingly, Algorand’s TVL has been inclining since the beginning of this month. From a low of $175 million registered on 7 October, the value of all tokens locked on its platform has inclined to create a new all-time high of $274 million. The same has, notably, registered a 2% rise over the past day. Source: DeFiLlama Ripple effects On the price front, three tokens among the top five gainers on Wednesday were DeFi-related....