Stay in the Know

• 🌉 The DeFi bridge is open

• 👾 Alibaba enter the Metaverse

• ☠️ NFT market in trouble?

GM ☕️ as the market takes a hit, it is a good reminder to focus on the positives in life. Appreciate what you have and how far you have come already.

🔎 Navigating Memecoins

As the market takes a dip, Memecoins have also taken a dip, which for some investors could be a perfect time to try and snap some up!

Let’s take a look at the top 🔟 Memecoins currently (Excluding $SHIB and $DOGE)

I’m sure you have heard of $PEPE and $FLOKI, but there are a few here that may be new to you 👀

All of the above tokens can be found on our platform below, with no hassle or confusion!

Now that you know how to buy these Memecoins, the next step is having some knowledge of what to buy and whether it is a worthy investment…

Below are 5 Alpha Twitter accounts that can provide some better insight into finding the next big Memecoin 👇

Up first we have, CryptoTony

Our 2nd on the list is… Crypto_bitlord7

Next up we have, GemsScope

Coming in next is, KateMillerGems

And last but not least… DannyCrypt

Go ahead and check these out, and hopefully they can provide some extra insight into what you could be looking at.

However as always, be careful and check yourself before you wreck yourself!

Now that you have a little extra insight into what to buy, and where to buy your Memecoins, next is a safety check!

So how can we know whether a Memecoin is safe to buy and it isn’t going to be immediately rugged? Well, we can never be sure whether a Memecoin will be successful, but we do have some tools you can use to help prevent this

Here are three Memecoin hunting tools to help you out 👇

The first is Dextools which shows a range of different information on these tokens including new trading pairs!

So if you want to try and find the Memecoins early, then check DexTools out below:

The next tool we have is TokenSniffer, which will allow you to check out information on tokens and addresses, as well as an automated scam detection system and auditing.

Certainly a useful tool for making better decisions!

Next up is Flooz Trade, where you can check the smart contract of any token before you decide to Ape into a new project.

Memecoin season spawns many tokens everyday, and it’s important that you always understand how the project is set up, so you don’t end up getting rugged!

And the final tool is, Bubblemaps, which is an auditing tool for crypto tokens, to help identify investment opportunities.

You can check it out here 👇

Finally, before we move into the next part of the newsletter, we’ll leave you with some Memecoin tweets!

Feeling like you missed out on $PEPE, perhaps there is another opportunity awaiting 👀

Here we have a rather interesting assumption 🤔

Now this is an almighty bit of profit… 🤑

🌉 The DeFi bridge is open

Today, we're diving into the exciting realm of Real World Assets (RWAs) and their potential impact on decentralized finance (DeFi).

The crypto narratives are always changing, from AI to meme coins, there is always something going on within the crazy realm, and it seems there is a new one emerging, which is RWAs.

So, what exactly are RWAs?

They're traditional assets such as gold, real estate, government bonds, and even carbon credits that are tokenized and brought onto the blockchain to be used as a source of yield within DeFi.

This means that these assets, which previously existed off-chain, can now be utilized in the exciting world of decentralized finance. Essentially a bridge for RWAs to cross over from traditional finance into the DeFi scene.

The potential impact of RWAs on DeFi is transformative. By offering sustainable, reliable yields backed by traditional asset classes, they render DeFi more compatible with external markets. This, in turn, results in greater liquidity, capital efficiency, and investment opportunities.

One of the driving forces behind bringing RWAs onto the blockchain is the belief that, in the long-term, DeFi will offer unique opportunities and market efficiencies to asset holders that cannot be found in traditional financial systems. The ability to easily fractionalize and disperse RWAs in DeFi renders previously unfractionalized, total sum, private credit investments accessible to a new set of investors.

The fixed income market is the predominant market in the RWA space, and there are several topical trends shaping the evolution of the RWA ecosystem. These include layer 1 RWA protocols, regulation and enforcement mechanisms, and the macro environment.

Overall, RWAs have the potential to revolutionize the world of DeFi, offering a new realm of investment opportunities backed by traditional assets. While there are still regulatory and technical challenges to overcome, the potential benefits of RWAs are too exciting to ignore. Stay tuned as we continue to explore this exciting space!

If you want to find out more about RWA’s, check out the report from Binance below 👇

👾 Alibaba enter the Metaverse

It seems like the Metaverse has gone into hiding since 2021, however, we could see it ramping back up and this time with Chinese super company, Alibaba.

Alibaba Cloud is certainly catching the eye of Web3 enthusiasts and with good reason. The digital technology and intellectual backbone of Alibaba Group, has partnered with Avalanche and MUA DAO to launch Cloudverse, an end-to-end solution for businesses to customize, launch, and maintain their own Metaverse space on Avalanche's blockchain.

With Cloudverse, businesses can easily deploy their own Metaverse space without the hassle of land purchases. The launchpad offers support on visuals, meta economics, interactive functions, events, continued Metaverse operation, and more. Plus, it only takes as little as 30 days to launch a new custom Metaverse space, which is pretty impressive for sure!

The rising popularity of blockchain technology and the Metaverse has created a strong demand from businesses in the Asia-Pacific region planning to enter the Web3 world.

Alibaba Cloud aims to offer businesses a way to kickstart their metaverse journeys and drive innovations and new possibilities for their businesses while elevating customer experiences.

Alibaba Cloud's extensive offerings in cloud computing, storage, and networking support businesses' entry into the Web3 ecosystem. With Cloudverse, Alibaba Cloud and its partners are changing how enterprises can create value and seize the opportunities of Web3. It's a quick, low-overhead, one-stop gateway into Web3 that can help businesses expand into the Cloudverse and build the future.

It is always good to see Web3 developments, but it is even better to see adoption from some of the biggest companies in the world play a part in the game too.

☠️ NFT market in trouble?

Blur, the pro-focused NFT marketplace, is back in the news! This time, the platform has launched Blend, a peer-to-peer NFT lending platform that has raised eyebrows and stirred up conversations about its market impact.

Blend allows traders to lease out their NFTs to collectors looking to buy blue-chip NFTs with a smaller upfront payment. 

It's like a digital pawn shop where holders hoping to earn extra money can put up their NFT, receive loan offers, and transfer their token via an escrow smart contract to the renter for a specified period of time.

Blur's Blend aims to help introduce new buyers to its ecosystem by lowering fiscal barriers to entry for popular NFT collections.

The platform drives liquidity into the greater NFT ecosystem by increasing the number of traders and transactions. Since its launch on May 1, the floor price of popular NFT collections like Bored Ape Yacht Club and Mutant Ape Yacht Club has increased, according to data from NFT marketplace OpenSea.

While Blend may be helping nudge NFT markets upward, it may not be suitable for every amateur trader. NFT lending platforms such as Blur can allow collectors to purchase tokens with funds they don’t have, creating liquidity risks down the line when collection floors or cryptocurrency prices crumble.

The concern with Blend is that it's a product directly from Blur, one of the leading NFT marketplaces in terms of trading volume. Its already-eager users may be more likely to opt into leasing NFTs rather than purchasing tokens at their full price, which could potentially hurt both the market and the native BLUR token.

While it is great to see Blur extending its branches and providing support systems and developments, the question now remains, will this have a positive or negative impact on Blur and the NFT market?

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Written by Lewis 🕵️

DYOR – authors of All Things Flooz newsletter own cryptocurrencies and stocks.