Apes Go Timeless! ⌚🦧

Good Morning Switchers 🤗

👋Welcome to Switch Daily.

So while the entire crypto market is moving like a tortoise, guess who has taken on the role of a rabbit? Play-to-earn (P2E) gaming tokens. P2E tokens like Axie Infinity (AXS), Flow (FLOW), Apecoin (APE), and Sandbox (SAND) have gained significantly since yesterday.

AXS, Axie Infinity’s token soared by ~20% in the past 24 hours. Reason—Increase in trading volumes. After Axie’s community announced that they were working towards increasingly decentralizing Axie Infinity, the trading volumes rose from $18,000 and as high as $48,000 over the past few weeks. Go Gamers! 👾👾

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Here’s what we’ve got for you:

• Market pulse

• Terra returns

• News that makes noise

• Meme Mania

Market pulse 📈

The market is throwing mixed vibes 😐

Erasing most of Monday’s gains, the crypto market is starting Tuesday with a 1.29% dip. BTC and ETH registered day-on-day corrections of 1.38% and 2.17%, respectively.

Notable gainers include DeFi project Numeraire (NMR), with 48% gains, and gaming project Axie Infinity (AXS) with a 19.47% upmove. The sentiment tracking Fear and Greed Index is at 25, down by 1 point since yesterday.

A new way to show off your Apes ⌚

Ever seen unique watches with a monkey dial?

No, not these colorful ones that you used to hoard as a kid during village fests.

We’re talking about the good ol’ luxury watches that are sported by elegant business-class folks.😛 Yep, now these watches come with a monkey Bored Ape NFT dial, but in a limited edition.

Timex has announced a partnership with the Bored Ape Yacht Club to launch a line of NFT watches. The watches will feature unique, limited-edition designs created by Bored Ape's in-house team of artists and will be available exclusively on Timex's new NFT platform.

You can also personalize your watches by choosing from various frames, straps, and colors. Each Bored Ape phygital watch will also come with an identical digital version as an NFT.

With its new Timex partnership, Bored Ape Yacht Club has really been upping its phygital NFTs game. A couple of months ago, they partnered with Mastercard to release limited edition bank cards with Bored Apes printed on the face of the cards. We’ve spoken in detail about it here. Check it out!

Meanwhile, let’s talk about something that’s brewing in our own Matrubhumi Bharat.

There is this brand called Vyomanaut. Most of us may not have heard of them coz they are building something exciting under wraps. They have been working with two most ancient government-owned companies—ISRO and HMT to make ISRO-themed phygital watches. How cool is that?

The product is yet to be launched, but they have managed to convince ISRO to grant them a license to sell official ISRO mech and collectibles. 🙌🏻

What else is brewing? ☕

🥈‘Metaverse’ is the second Oxford word of the year

After the process was opened up to voters for the first time, "metaverse" came in second as the Oxford University Press' 2022 word of the year. According to Oxford's research, the term "metaverse" has increased nearly fourfold from the previous year in the Oxford Corpus.

⛏️Bitcoin Mining Difficulty Drops

The difficulty of mining a bitcoin block dropped by 7.32% today, as miners turned off machines as a brutal bear market ate into profits. The mining difficulty is at its lowest since July 2021.

⚽Spanish Soccer league adopts blockchain technology

Laliga, Spain's premier soccer league, has announced the implementation of a new system that will use blockchain to track soccer balls used to score a goal.

Meme of the day!

Thank You,

See you tomorrow, folks. 👋

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