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Symbiogesis is Square Enix's NFT Project
It's a pretty cool experiment for a large game publisher
The Metadata
March 13, 2023
GM. It was an absolutely wild weekend.
Panda gives you a rundown of what happened:
Silicon Valley Bank (SVB) collapsed under a fear-driven bank run.
USDC de-pegged, getting to as low as $0.85. Circle, the issuer for USDC, had $3.3 billion deposited in SVB. People feared that Circle would have to write off a big loss.
On Sunday night, the US Treasury, Federal Reserve & FDIC issued a joint statement that they will step in to fully protect all SVB depositors. Depositors will have full access to their money from Monday.
USDC re-pegs to almost $1.
Phew, we dodged the bullet there. Things could have gone very wrong if USDC price went into a death spiral from panic-driven redemptions. PSA: Stablecoins are not as stable/safe as we think.
Today we cover:
Moonbirds does a reverse moon
Symbiogenesis, Square Enix's new gaming NFT project
6259's global digital charter rights and other news
New Projects Corner
Market Update: Moonbirds Does a Reverse Moon
Moonbirds was the highest-traded NFT collection over the weekend. Its floor price dropped steeply after it announced that it had part of its funds in SVB, even though it would not materially affect its operations.
The price volatility on Moonbirds over the weekend was also driven by whale trading, with one whale dumping hundreds of Moonbirds NFTs. Ouchies.
This blur bidder got up to 499 birds before dumping 200 last night, driving the floor from 6.34 to 5.05 in minutes. We saw him attempting to manipulate the bids upwards and warned everyone to cancel bids. He still has 300 birds.
β Vitamincloud.eth (@tai1983)
3:47 PM β’ Mar 11, 2023
Symbiogenesis, Square Enix's NFT Project
π² What to know: SYMBIOGENESIS is an upcoming "NFT-based entertainment" project by Square Enix.
Square Enix is one of the biggest gaming publishers in the world and the creator of the much-loved Japanese RPG Final Fantasy series, played by millions of users globally.
βοΈ In the weeds: Symbiogenesis is a browser-based game that is set in the future, where the Floating Continent is the last safe haven on Earth. However, a new enemy has emerged that puts the existence of the Floating Continent in danger. It is the story of humanity's fight for survival.
It is a storytelling & game NFT project. There will be 10,000 NFT characters with various races and professions, released in 6 different batches (Story Chapters). It is not a single-player game: players have to work together using the info in their NFTs. They can go at it alone, cooperate with friends or even form large factions to pursue victory. There are a lot of details on the game mechanics on the main website, and it appears to be well-thought-out.
Only 3 top players will get to participate in the final quest β "World Mission". By clearing the final quest, they will get a rare NFT as a reward. This sounds somewhat similar to Yuga Lab's Dookey Dash, where the winner of the game received an ultra-rare NFT that was eventually sold for $1.6 million.
It's interesting how Square Enix has embraced the idea of financialization in NFTs. They even told everyone how they can profit from it... (Source: @GiancarloChaux)
π€ Why it matters:
Unlike many other game publishers that have shied away from NFTs, Square Enix is actually jumping head-on into NFTs and Web3. Given their expertise and brand power, it's important to pay attention to what they do. They are first-movers.
This week, Symbiogenesis is running a Quiz Campaign on Discord where they will post a quiz every day for 5 days starting today (Monday). Winners get the chance to go on the allowlist when the mint starts in April.
You can join the Discord group here.
Today's News & Coolest Tweets
π₯ 6529's Global Digital Rights Charter
1/ The Global Digital Rights Charter v1 (GDRC 1) is now live.
It is a declaration of principles for a world that is highly digital and more so every day.
Principles for how we will live for the next 100 years.
β 6529 (@punk6529)
7:32 PM β’ Mar 11, 2023
π₯ Leonidas predicts every NFT brand will have a Bitcoin NFT drop
Prediction: Before this year is over, every serious brand in the NFT space will have done a drop on Bitcoin.
Brands like @DeGodsNFT, @OnChainMonkey, @SappySealsNFT, and @yugalabs are the tech-savvy first movers who will lay the foundation for the rest.
β Leonidas.og (@LeonidasNFT)
6:11 PM β’ Mar 12, 2023
π₯ Building a game in 30 days
.@LoganPaul is full of shit.
It takes 30 days to build CryptoZooTo prove that I will build: CryptoPoo $POO in less.
Profits will be used for legal expenses of Coffee/Victims
Follow all the steps along :D All will be shared in the comments below π
β Chris Zaknun (@czdaomaker)
4:42 PM β’ Jan 6, 2023
π₯ VeeFriend's Conference details
Now that @veecon 2023 tickets have been airdropped and are available on secondary marketplaces, here's what you need to know. π§΅
β VeeFriends (@veefriends)
3:29 PM β’ Mar 11, 2023
π₯ Pixel Vault releases its whitepaper for its new auto-battler game
Prepare to dominate the galaxy in BattlePlan!
A super-powered game of skill, strategy and rewards π₯πͺ
Read the BattlePaper! π
assets.pixelvault.com/BattlePaper!.pβ¦β Pixel Vault (@pixelvault_)
9:45 PM β’ Mar 10, 2023
New Projects Corner
πΏ (PFP) Kandyland raffle closes on March 14
Our Kandyland Allowlist Raffle is officially closing on Tuesday, March 14th at 5 PM EST π
Winners will be chosen on a date TBD after a review period π¬
Enter and refer before itβs too late π
β Kandyland (@kandyland_io)
10:29 PM β’ Mar 12, 2023
πΏ (Game) SASH x SAINT Genesis Mint
ππππ π± πππππ: πππ§ππ¬π’π¬ ππ’π§π πππ¬π’π π§
1/ Refresh of the WL in two days
WL members choose either to mint now or to be the last minting the mythical stone. If they wait too long, they lose their WL due to the refresh.
@SashaMackinnon@saintweb3
β Zesti | Dimensionals π (@ZestiriaDE)
12:23 AM β’ Mar 12, 2023
πΏ (Virtual Land) Paradigm-backed project, free mint in April
Welcome to PARAVERSE, the Augmented World.
Explore, interact and play in a world of endless possibilities.
Be the proud owner of an AR Land NFT during our Genesis Event (April 2023), this is a unique opportunity to join, for free.
Weβre just getting started!#AR#Metaverse#NFT
β paraverse_official (@paraverse_world)
2:35 PM β’ Mar 10, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). And if you aren't already a subscriber, join us now to get all the daily alpha you need.
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Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.