Weekly Crypto Spotlight: Fantasy Top Skyrockets, Trump Embraces Blockchain – Key Highlights for BTC and ETH Traders

  • As the world of cryptocurrency continues to evolve, the past week has seen a flurry of activity, from gamified competitions on Crypto Twitter to public figures like Tom Brady and Donald Trump reentering the crypto conversation.
  • The Ethereum NFT game, Fantasy Top, has generated significant buzz, paying out $1.25 million to creators and potentially millions more in Blast Gold.
  • However, the week also saw skepticism about the sustainability of such “SocialFi” projects, while mainstream figures like Tom Brady and Donald Trump brought cryptocurrency back into the limelight.

Explore the latest developments in the crypto world, from the frenzy of Fantasy Top to the reemergence of public figures in the crypto conversation.

Fantasy Top: A New Wave in Crypto Gaming

Fantasy Top, an Ethereum NFT game that pits social media fan bases against each other in a fantasy football-like competition, has been making waves this week. The game has paid out $1.25 million to creators this week, plus potentially millions more in Blast Gold, as a cut of the game’s success. As the first round of the game concluded, influencers took victory laps alongside their followers, with several accounts sharing their bounties with the fans who pushed them over the top.

Public Figures Reenter the Crypto Conversation

Meanwhile, public figures like Tom Brady and Donald Trump have reentered the crypto conversation. Brady was the subject of jokes at his Netflix roast over his current commitment to crypto and former ties to the failed FTX exchange. However, many crypto users welcomed this mainstream moment as a sign that crypto can still climb higher. The biggest mainstream news to impact crypto came when former president Donald Trump hosted a dinner party for holders of his NFTs at his Mar-a-Lago resort in Florida. At the gathering, Trump declared his intent to embrace crypto in the United States if re-elected, sending many crypto users into a frenzy.

The Future of Crypto: A Political Issue?

Trump’s event was a stark contrast to President Joe Biden backing the SEC at the start of the week, and many commentators saw a serious election wedge issue developing. “Crypto voters will be heard this election,” former TIME and Bloomberg tech journalist and MoonPay exec Keith Grossman tweeted. “What is really needed is not division but rather a clear regulatory framework that is NOT politicized.”

Conclusion

As the world of cryptocurrency continues to evolve, it is clear that it is becoming an increasingly mainstream and potentially political issue. From the success of games like Fantasy Top to the involvement of public figures like Tom Brady and Donald Trump, the future of crypto is sure to be an exciting one.

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Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
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