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Gaming is the ‘largest scale opportunity’ for crypto — Polygon co-founder

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Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25 Ask Me Anything (AMA) in the r/India community on Reddit, Nailwal was asked what he sees as some genuine at- scale “real life” use cases for blockchain other than trading and payments. In response, Nailwal stated: “I think gaming is the largest scale opportunity for crypto," adding: “There are some top games launching in Web3 in the next 6-18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” “Polygon combined with its ecosystem players like IMX [Immutable X] got the lion's share in terms of those funded games. Fingers crossed...

Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

With the Blur marketplace set for a second airdrop soon, Nansen’s Andrew Thurman theorized that this major NFT dump could be a play to reap extra BLUR token rewards while also booking some profits. According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for a total of 11,680 Ether (ETH) or $18.6 million in the space of 48 hours. In a Feb. 25 Twitter thread, Nansen’s Simian Psychometric Enhancement Technician Andrew Thurman highlighted the trading activity over the previous two days, and noted that it's “likely the largest NFT dump ever.” The major selling event included 90 Bored Ape Yacht Club (BAYC) NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs and 308 Otherdeed NFTs to name a few. In what's likely the largest NFT dump ever, in the past 48 hours Machi has sold 1,010 NFTs, including: - 90 BAYC for 5707 ETH - 191 MAYC for 3091 ETH - 112 Azuki for 1644 ETH - 308 Otherdeed for 582 ETH But he's ...