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If Bitcoin breaks above this level, it'll be HUGE!

Cool Cats Alpha, BTC analysis, and Axie Infinity Token Rally!

GM, it's the best day of the week!

I hope you're all having a great start to your Saturday morning, donuts should be involved if not already. 

Today's newsletter is a unique one that ties IP, NFT gaming, and crypto analysis all in one. Thanks for the support as of recent, I really appreciate it!

In today's newsletter:

  • Cool Cats signs with CAA

  • We can't ignore Bitcoin

  • Axie Infinity's "AXS" rallies

Top Open Sea Projects:

Another reason why Cool Cats has a 9.4 ETH floor:

COOL CATS - OPEN SEA

It's safe to say that Cool Cats deserves a spot among the coveted blue-chip projects within the NFT space. It may be controversial to say that I believe the project is a little underrated considering how much media coverage projects like Doodles or Azuki may get. 

Yesterday, Cool Cats announced a partnership with CAA (Creative Artists Agency). CAA is a renowned agency that has collaborated with many prevalent names in media to bring top-notch opportunities. Through their partnership, Cool Cats intends to grow their IP through merchandising, animated content, brand partnerships, live events, and more. 

With the continued innovation that Cool Cats keep bringing to the table, it's hard to stay bearish. Some other notable aspects of the collection include:

  • Cool Pets

  • $MILK

  • Quartly Roadmaps

  • Gamified Utility

  • & More

For more information on the Cool Cats partnership and other aspects of the project, check out their Official Website and Twitter!

We can't ignore Bitcoin:

BITCOIN DAILY CANDLES - WEBULL

If you've been reading the daily newsletters, it's evident that I've been fixated on Ethereum's recent rally. I've been so distracted that I failed to notice that Bitcoin's been having its own rally.

Bitcoin has been trading between two prevalent support and resistance levels for several weeks now. Yesterday, Bitcoin's price action surpassed the $45,000 resistance level, only to be shot down minutes later. Yet, Bitcoin still has time to consolidate and overtake the resistance level if the bulls see fit.

If the price action does transcend and stay above the level, it would likely kickstart the journey back to all-time highs.

In Axie Infinity news:

AXIE INFINITY - AXS - COINMARKETCAP

After some new news, the governance token behind the famous play-to-earn game 'Axie Infinity' rallies!

For those unaware of Axie Infinity, it was one of the first-ever web3 games that successfully leveraged blockchain and token economics to create a fully nourished play-to-earn game.

Two days ago, Axie Infinity released a detailed article to explain what the future of Axie Infinity has in store for its players/investors; here's the TL;DR.

The article was split into three sections, providing a deep dive into the game's community treasury, decentralized continuum, and timeline expectations.

The community treasury of Axie Infinity is valued at over $1 Billion due to the game's growth over the past year. From the start, Axie Infinity intended for this treasury to be in the hands of the community. Through their governance token, holders will have the ability to vote and decide how the resources held within the treasury are used. For something like a community-based treasury to work, decentralization must be utilized, which leads us to the next section.

Decentralization has become a focus of the team at Axie Infinity to solidify its game and community within web3's ecosystem. They want their supporters to see the team's vision and be fully on board with everything they intend to do. Decentralization is hard, especially when so many factors are involved.

Finally, the team reinforces that the timeline for completion may take a few years, with revisions and change being made along the way.

This is a very barebones outline of the article. If you're interested in learning more about Axie's Infinities changes, I recommend checking out the complete publication here!

All-in-all, Axie Infinity is one of the biggest and most successful web3 brands to date. Unlike an amateur NFT project, the company has realistic expectations with a skillfully hired team working to create a product that lives on for years to come.

Tweet of the Day: 

DISCLAIMER

Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!