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The DeFi market is going through a broader accumulation phase, while the altcoin landscape is making a great contribution in this respect. Particularly, Pocket Network ($POKT), Bittensor ($TAO), and Huma Finance ($HUMA) are the top among the prominent altcoins leading the current aggressive crypto accumulation. As per the data from Phoenix Group, the other well-known altcoins experiencing accumulation include Radiant Capital ($RDNT), ALEO ($ALEO), PancakeSwap ($CAKE), Somnia ($SOMI), SuperVerse ($SUPER), Kaito ($KAITO), and Fluid ($FLUID). Hence, this phase could play a crucial role in determining the direction of the market for the remainder of Q4.

$POKT Hits $39.8M in Market Cap during Accumulation Phase The market data discloses that Pocket Network ($POKT) is the altcoin witnessing the shortest period among the top altcoins that are in their accumulation phase. In this respect, it has reportedly witnessed a massive accumulation over the past 4 days. As a result of this, the total market capitalization of $POKT has reached the $39.8M mark.

Subsequently, the 2nd among the key altcoins seeing accumulation phase takes into account Bittensor ($TAO). Thus, it has been going through notable accumulation over the past six days. Now, its cumulative market capitalization is $3.9B. Coming after that, Huma Finance’s ($HUMA) accumulation spree has been going on for six days. This period has pushed its total market cap to a big total of $48.5M.

Following that, Radiant Capital ($RDNT) accounts for an 8-day-long accumulation phase. Due to this, it now stands at $23.0M when it comes to market cap. Additionally, ALEO ($ALEO) has been witnessing accumulation for the recent 12 days. Eventually, its market cap is $158.0M at present. After that, Pancakewap ($CAKE) has also recorded a noteworthy accumulation period of almost 13 days, raising its market cap to $938.7M.

Moving on, Phoenix Group’s list of the latest crypto assets in the accumulation phase adds Somnia ($SOMI) in the 7th rank. Specifically, it has been in accumulation phase for 15 days, reaching $79.2M in market cap. Additionally, SuperVerse ($SUPER) has been undergoing accumulation for 18 days, attaining a market cap of $251.0M.

$FLUID Concludes List with 24-Day Accumulation Period The next 2 names on the list are SuperVerse ($SUPER) and Kaito ($KAITO) which have reached $251.0M and $251.7M in market cap after accumulation for 18 and 20 days. Ultimately, Fluid ($FLUID) is the 10 among the most recent altcoins in accumulation phase. Thus, its market cap has hit $349.6M mark after a 24-day accumulation.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

KlimaDAO Japan to launch carbon credit marketplace with Progmat

04.07.2024 - 14:03

Update: 04.07.2024 - 14:03

Another one of the cryptocurrency cases in the USA is over. The court issued a commodity decision for two cryptos.

Accordingly, Judge Mary Rowland of the U.S. District Court for the Northern District of Illinois found the CFTC right and ordered that an Oregonian named Sam Ikkurty and his company Jafia pay more than $120 million in compensation to the victims in a “Ponzi”-like fraud case.

In the lawsuit, the CFTC alleged that Sam Ikkurty and his company were not registered and committed fraud, and that Sam Ikkurty and his company, which promised investors an 18% annual return, raised approximately $44 million from at least 170 investors through his website and YouTube.

Judge Rowland also ruled that the cryptocurrencies Olympus (OHM) and KlimaDAO (KLIMA) are commodities.

CTFC said the following in its announcement:

“The verdict found that Ikkurty and other defendants violated the Commodity Exchange Act (CEA) and CFTC regulations, including fraud and failure to register.

The decision not only states that Bitcoin and Ethereum commodities are within the jurisdiction of the CFTC, but also that OHM and KLIMA, two virtual currencies other than BTC and ETH, also qualify as commodities, and that these virtual currencies are in the same general class as Bitcoin and are traded in regulated futures. states that it has been done.”

Evaluating the decision, experts say that the judge's characterization of the altcoins named OHM and KLIMA as commodities does not resolve the ongoing debate in the USA about which assets are securities and which are commodities and the general uncertainties in the cryptocurrency sector.

Because in the USA, cryptocurrencies that have the status of securities fall under the jurisdiction of the SEC, and cryptocurrencies that have the status of commodities fall under the jurisdiction of the CFTC. However, CFTC Chairman Rostin Behnam argues that most cryptocurrencies are commodities, while SEC Chairman Gary Gensler argues that most cryptocurrencies are securities.

“I don't think this decision is a big deal because the SEC may recognize both cryptocurrencies (OHM and KLIMA) as securities in the future,” said attorney James Brady, partner at law firm Katten Muchin Rosenman LLP. said.

*This is not investment advice.

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CFTC Chair Declares 70-80% of Crypto Assets Are Not Securities

What Are The CryptoPunks V1? And, How Can They Disrupt The Market?

Onchain HighlightsDEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those.

Ethereum's gas usage by NFTs has exhibited significant shifts over the past few years, mainly as different platforms have gained and lost prominence. Recent data indicates that Blur and OpenSea have consistently dominated gas consumption since early 2024.

This reflects the increasing activity on these platforms as traders and collectors continue to engage in the NFT market. In contrast, platforms like Rarible and SuperRare show relatively lower gas usage, highlighting their smaller user bases or less frequent transactions.

Ethereum: Gas Usage by NFTs: (Source: Glassnode)Historically, significant spikes in gas usage by NFT transactions correlate with broader trends in Ethereum's price movements. For instance, the surge in early 2021 coincided with a considerable bull run in the crypto market, driving more transactions and higher gas fees. As Ethereum's price stabilized in mid-2023, NFT-related gas usage also normalized, illustrating the interconnectedness of these metrics.

The current landscape suggests that while new NFT marketplaces emerge, established platforms like Blur and OpenSea maintain relative dominance, continually influencing Ethereum's overall gas consumption patterns. This dynamic plays a crucial role in understanding the operational costs and transaction efficiency of the Ethereum network.

Ethereum: Gas Usage by NFTs: (Source: Glassnode)While relative usage may be compatible with past cycles, overall NFT gas usage has plummeted since January 2023 as a percentage of overall network activity. At its peak, gas usage broke 40%, with a consistent level above 30%. Current levels are below 4%, partly due to the increasing popularity of layer-2s like Base and side chains like Polygon and an overall downtrend in the NFT market.

Mentioned in this article

Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.

Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.

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UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.

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Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH

According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.

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Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.

A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)

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Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.

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Coin PricesMy Neighbor Alice Season 1 Beta Goes Live

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Trump sues JPMorgan for $5B! Ledger prepares for $4B IPO! “Crypto Adoption is no longer reversible” says PWC!Crypto majors are red while Gold nears $5,000 and Silver closes in on $100; BTC -1% at $89,100; ETH -2% at $2,925, SOL -2% at $127; XRP -2% to $1.90. ZRO (+15%), AXS (+10%) and DASH (+8%) led top movers. Ledger is preparing for a $4B IPO, enlisting Goldman Sachs, Jefferies and Barclays for support. Ripple CEO Brad Garlinghouse predicted crypto could hit new highs in 2026, pointing to regulatory momentum and institutional participation as key drivers. President Trump sued JPMorgan for $5 billion, alleging politically motivated “debanking”. BitGo briefly surged in its stock market debut before finishing its first day of trading just over its $18 IPO price. BlackRock CEO Larry Fink pushed the idea of a single blockchain for tokenization to avoid corruption and aid in scaling. Kansas introduced its own Bitcoin Strategic Reserve bill. PwC said institutional crypto adoption has crossed a point of no return, as regulatory frameworks move from draft rules toward active supervision. Treasury Secretary Scott Bessent reaffirmed the Trump administration’s push for U.S. crypto leadership and support for a strategic Bitcoin reserve.

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Table of contents

Recently, the crypto token associated with the popular blockchain game “My Neighbor Alice,” known as ALICE, witnessed a significant surge. Within a single day, ALICE’s market price soared by more than 70%, a movement that has sparked both interest and speculation among the crypto community.

This rapid ascent in value is not just a number but a phenomenon worth dissecting. Before delving into the mechanics behind this rise, it’s crucial to understand the context in which this spike occurred. ALICE operates within a platform that combines gaming with decentralized finance, appealing to a broad audience ranging from gamers to investors looking for novel crypto ventures.

Behind the Scenes of the $ALICE Spike Following the price escalation, a critical development was observed concerning the asset’s management. According to Lookonchain, a trusted source for blockchain analytics, there was a significant activity involving My Neighbor Alice’s vesting wallets. 

It was reported that immediately after the price hike, approximately 2.09 million ALICE tokens, valued around $5.44 million, were transferred to Binance, one of the leading cryptocurrency exchanges. This action suggests a possible realization of gains following the price increase, hinting at strategic financial moves by key stakeholders.

The deposit of such a large number of tokens to an exchange typically indicates a readiness to sell, potentially to capitalize on the recent spike in market value. This move could have multiple implications for the ALICE market. 

Firstly, it might lead to increased liquidity in the short term. However, it also raises questions about the potential impact on the token’s price stability and investor confidence if a significant portion of these tokens were to be sold on the open market.

Furthermore, the timing and scale of this transfer are pivotal. The substantial influx of ALICE to Binance came at a moment when the cryptocurrency was experiencing unprecedented attention due to its sharp increase in price. 

This scenario often leads to speculative trading behavior, where the price could be further driven by traders reacting to the sudden availability of tokens and the prospect of continued upward movement.

AUTHOR

Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.

My Neighbor Alice (ALICE) is an innovative Blockchain-based multiplayer game that allows players to buy and develop virtual islands. Supported by the ALICE token, its decentralized economy enables players to conduct in-game transactions, trade, and participate in the game’s governance. This game, which encourages social interaction and creativity, provides a platform that is both fun and offers investment opportunities. In this article, you can find answers to two frequently asked questions: What is My Neighbor Alice (ALICE), and how to buy My Neighbor Alice (ALICE) with TRY.

My Neighbor Alice is an innovative Blockchain-based multiplayer game that has garnered significant interest in the gaming and cryptocurrency communities. At its core, the game allows players to buy and develop virtual islands, offering a unique blend of entertainment and investment opportunities. This virtual world provides a platform where creativity and strategic planning are crucial, making it an engaging experience for different audiences.

In My Neighbor Alice, players can acquire virtual islands that serve as their personal spaces within the game’s universe. These islands can be developed and customized using various in-game items, enhancing their appeal and utility. The game emphasizes creativity, allowing players to design their islands with a wide range of decorations, buildings, and other enhancements. This rich environment fosters a sense of ownership and community among players, encouraging them to continually improve and personalize their spaces.

A standout feature of My Neighbor Alice is its decentralized economy supported by the ALICE token. The ALICE token is the game’s native cryptocurrency used for in-game transactions and governance. Players can earn ALICE tokens by playing the game, which can then be used to purchase items, trade with other players, and participate in the game’s governance system. This integration of Blockchain technology ensures transparency and security in all transactions, providing a reliable and decentralized economic structure.

Trading is a significant aspect of My Neighbor Alice, allowing players to buy, sell, and trade items within the game. The marketplace is dynamic and player-focused, enabling users to engage in economic activities that can enhance their gaming experience and financial returns. This trading system not only adds a layer of strategy to the game but also reflects real-world economic principles, making it a valuable learning tool for players interested in decentralized finance and cryptocurrencies.

Social interaction is another cornerstone of My Neighbor Alice. The game offers various features that facilitate communication and collaboration among players. These social features are designed to create a strong and interactive community where players can share ideas, work on projects together, and form lasting friendships. The game’s design promotes cooperative gameplay, fostering a sense of camaraderie and mutual support.

How to Buy My Neighbor Alice (ALICE) with TRY?Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy My Neighbor Alice (ALICE). On Binance TR, where you can quickly create an account, you can buy and sell over 100 cryptocurrencies, including ALICE. To buy My Neighbor Alice (ALICE) with TRY on Binance TR, you can follow the steps below.

How to Open an Account on Binance TR?Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.

After entering the requested information completely and accurately, email/SMS verification will be performed to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).

How to Verify an Account on Binance TR?Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through Binance TR’s official website. Note that you will need your phone even if you choose to verify through the website.

On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the dropdown menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on “Copy URL” to have the identity verification address sent to your phone via SMS.

When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue with the verification process, first select the document type that suits you.

After selecting the document type, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document you selected, tap on the “Upload back side” option and take a photo of the back side of the document. Make sure the images are clear and the information in the photos is easily readable when taking photos of the front and back sides of your ID card or driver’s license.

Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.

After completing all these steps accurately and completely, your identity verification process will be completed shortly.

How to Deposit TL on Binance TR?You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make transactions seamlessly from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.

To deposit money into your Binance TR account, first go to trbinance.com and hover over the “Wallet” option at the top left of the main page, then click on the “Deposit” option from the dropdown menu.

Then a page like the one below will open, and you can continue with the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.

In this example, we will continue using Vakıfbank, but the process is the same for all banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is to transfer the amount you want to deposit into your Binance TR account using the information shown on the page of your preferred bank.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy ALICE Coin with TL on Binance TR?After the deposit process, you can proceed to the TL to ALICE coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.

After clicking on this option, the following page will open. You can go to the TL to ALICE purchase page by typing “ALICE” in the search section on the right side of this page and clicking on the ALICE/TRY option from the results.

Now the following ALICE trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy ALICE in the first box and the number of ALICE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ALICE” button.

What is Binance TR?Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.

Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.

Users are supported by Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Chromia successfully launched its mainnet in July, which was a major turning point in the development of blockchain technology. With its introduction on the Chromia Mainnet, My Neighbor Alice will become the first entirely on-chain game. This breakthrough paves the way for an exciting new chapter in the game’s history. The new beta season of My Neighbor Alice, which is set to launch on September 24th, has been revealed by the Binance Project of the year 2021. It will be the first to run on the Chromia Mainnet, giving players an even more dependable and scalable gaming experience. Additionally, it will be the first completely decentralized and on-chain game ever.

A Journey to Mainnet: Development Process and Blockchain Integration The early Alpha Seasons of My Neighbor Alice served as a milestone in the route to Mainnet launch, focusing on making sure the blockchain infrastructure and underlying technologies are fully functioning, scalable, and decentralized. The blockchain needed to be stress-tested in these early phases to make sure it could manage a large number of transactions and yet provide a seamless gaming experience.

Incorporating suggestions from the core community throughout this round of the “Road to Decentralization” allowed My Neighbor Alice to create a more improved game while maintaining the stability and security of the blockchain.

Mainnet and its Impact on My Neighbor Alice My Neighbor Alice is making a significant advancement in their ongoing journey with the launch of the mainnet. On Chromia, the game is now completely decentralized. Thus, becoming the first game without centralized servers that hosts all game logic on-chain. This is a major advancement for Web3 gaming, demonstrating what is feasible and establishing a new benchmark for the sector.

Riccardo Sibani, Chief Product Officer at My Neighbor Alice stated:

“We built, delivered, and are moving forward, continuing to improve both the game and the technology behind it.”

This move guarantees that the game now runs on a very reliable and secure blockchain, even if it is still in the Beta stage and is still testing new features.

The Chromia blockchain not only hosts all data on-chain and makes My Neighbor Alice the first fully decentralized game, but it also provides developers and gamers with additional features like gasless transactions, advanced querying, and giving each dapp its own chain to ensure scalable and quick transactions.

“We are thrilled to see My Neighbor Alice launch on mainnet, and push the boundaries of Web3 gaming. They have been building both the game and community for a long time and we are excited to see how the game will evolve on mainnet” says Chromia co-founder Henrik Hjelte.

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.

Ever since Pong was released in 1972 and changed the world, Gaming has evolved into one of the world’s largest entertainment industries, surpassing even film and music in revenue. This growth has been propelled by the increasing accessibility of games and their ability to appeal to diverse audiences.

Titles like Stardew Valley and Animal Crossing have been instrumental in this shift, offering experiences that emphasize relaxation, creativity, and social interaction.

These games have demonstrated that gaming can be a space for hardcore and casual players alike by focusing on fun and creativity rather than complex mechanics or intense competition. This inclusivity has helped break down barriers and build a sense of community among players.

The success of these games has highlighted a growing demand for non-competitive experiences, allowing players to engage in open-ended gameplay at their own pace.

Unlike traditional competitive titles such as League of Legends or Dark Souls, these games invite players to explore, create, and socialize without the pressure of high-stakes competition or difficult mechanics. This shift has opened new possibilities for game developers to reach a broader audience across all demographics, focusing on narrative and creativity rather than just action or skill-based challenges.

My Neighbor Alice is one of the web3 games taking this approach to bring new gamers to the blockchain space, a realm often seen as intimidating or complex for new players (or as gamers would put it, “Noobs”).

By combining the charm of cozy games with Web3 technology, it offers a non-intrusive way for players to experience blockchain features, like NFTs, while enjoying a casual yet complex and fun game. In doing so, My Neighbor Alice is set to introduce millions of players to the potential of blockchain gaming, just as Stardew Valley and Animal Crossing did for mainstream gaming.

What Is My Neighbor Alice All About? Table of Contents

What Is My Neighbor Alice All About?Features and EcosystemDecentralized MarketplaceLummelunda ArchipielagoPlayer Avatars and In-Game AssetsProgression SystemThe ALICE TokenThe Team Behind the CurtainConclusion My Neighbor Alice describes itself as a multiplayer builder game where players get to own their very own virtual islands, customizing them to their heart’s desire while inviting and visiting other players in the process. If you are a gamer and this sounds familiar, it is because the game was inspired by Animal Crossing itself, one of the most popular franchises ever created by Nintendo.

By combining a familiar genre with the many benefits of decentralization and digital assets, My Neighbor Alice gets to add an element that its traditional counterparts don’t offer: true ownership. Whereas games like Animal Crossing and Stardew Valley result in all of the hard work being “lost” once the player fulfills their objectives, game support ends, files get corrupted, etc, this is not the case with My Neighbor Alice.

By using NFTs, the game allows players to interact with the world in a whole new different way, transferring ownership in any way they want and unlocking interesting features that traditional in-game assets just don’t possess. This also allows players to, in the team’s words, “exercise power over the platform” through democratic governance. This means not only players get to exercise their creativity over their own islands but all over the virtual world.

Effectively, My Neighbor Alice is an online video game that can be played as a solo or multiplayer adventure, combining an exciting storyline experience most web3 games don’t possess and the creative freedom of a sandbox experience.

Features and Ecosystem Bringing blockchain and DeFi capabilities to the world of video games means that My Neighbor Alice has much more to offer than a satisfying gaming experience. In-game assets, virtual land, a decentralized marketplace, trading features, and decentralized governance all come together to create a world in which players are right at the center. Let’s take a look.

Decentralized Marketplace With NFTs being a major pillar of My Neighbor Alice, it is not surprising that its marketplace plays one of the most important roles. However, while marketplaces in other games allow players to buy assets directly from the developers or with an infinite supply, this marketplace operates more similarly to those in the crypto world.

My Neighbor Alice’s marketplace is all about letting players buy and sell assets by directly interacting with other players.

Most of these assets have some level of scarcity to them in the sense that they are not generated through infinite in-game faucets. This gives these assets an innate value that goes beyond their appearance, similar to the way that popular blockchain projects like Bored Yacht Ape Club have popularized.

Lummelunda Archipielago Lummelunda Archipelago is the name of the world in which My Neighbor Alice’s titular Alice lives and players get to create. Divided into 6 islands with their own style and ecosystem, players will be able to buy virtual plots from Alice or other players in the marketplace, plots which will transform into something completely unique.

This is the virtual world players get to interact with and share, being the scenario for their very own stories. Players also get to interact with different Non-Player Characters like Alice, Björn the Bear, Beekeeper Bob, Ivan the Merchant, and Shipwright José. These neighbors will provide players with a plethora of content and directions, making the gaming experience much more rewarding and interactive.

Player Avatars and In-Game Assets Identity plays a key role in My Neighbor Alice, and players are represented by customizable avatars that can be shaped in numerous ways. These avatars serve as the player’s identity within the game world, visible to others as they explore and socialize.

In addition to avatars, players can acquire in-game assets such as houses, animals, decorations, and cosmetic items, all of which can be bought and sold in the marketplace.

Players can also use the NFT creator tool to design their own assets and monetize their creations, opening up new opportunities for creativity and entrepreneurship.

Progression System One of the defining factors of sandbox games is that there is no predefined objective. This, while alluring to many players, can make it difficult for some players to get into the games as they lose focus along the way or are overwhelmed by the sheer freedom. Without clear goals, some may lose focus or feel discouraged, unsure of where to start or what to pursue next.

My Neighbor Alices has a progression system that manages to keep objective-oriented players engaged by providing feedback and general guidance, all without sacrificing player freedom. Players also get rewarded for completing these quests, and even for being recognized as “good citizens”, further developing the social aspect of the game.

The ALICE Token The ALICE token is the main currency in My Neighbor Alice, both serving as an in-game asset and as an ERC20 token. With a fixed supply, the token allows holders to engage in various aspects of the game, from purchasing assets and land to participating in governance and DeFi opportunities.

In addition to its in-game utility, the ALICE token supports decentralized finance (DeFi) features. Token holders can stake ALICE to earn rewards, participate in governance by voting on platform developments, and influence key decisions in the virtual world. This integration of DeFi allows players to earn passive income, control in-game developments, and drive the game’s evolution.

The Team Behind the Curtain The development of My Neighbor Alice is backed by a strong team, with Chromia, a decentralized public blockchain, playing a critical role in the game’s infrastructure.

Chromia started and maintained by ChromaWay, is designed to offer blockchain scalability and ease of use for both developers and users. Its architecture combines relational databases with blockchain technology, making it an ideal solution for complex game designs, particularly those that involve dynamic, on-chain logic.

The game’s investors include names like NGC Ventures, The Sandbox, The Blockchain Game Alliance, Binance Labs, Ankr, Maker, and more. The team has also established important partnerships with brands like Elle, bringing even more customization and value to its players.

Conclusion My Neighbor Alice is a prime example of how gaming can evolve by embracing both creativity and the growing potential of blockchain technology.

By combining the charm of familiar sandbox games like Animal Crossing with decentralized features such as NFTs and DeFi, it offers players more than just a traditional gaming experience. Players not only get to create and own their virtual world but can also engage with a broader ecosystem that includes decentralized marketplaces, governance, and a progression system that rewards their efforts.

With gaming continuing to grow and solidify its position as a dominating industry, titles like My Neighbor Alice are just what web3 needs to go mainstream. By offering a seamless entry into the world of NFTs, DeFi, and virtual ownership, it is paving the way for the future of gaming to be more inclusive, innovative, and player-driven. Also, it is extremely fun!

The Alice Collective Elevates ‘My Neighbor Alice’ in Collaboration with Persona Journey 

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My Neighbor Alice has recently announced an exclusive $ALICE adventure Airdrop Party. My Neighbor Alice is renowned as a multilayered builder game and a former Binance “Project of the year.” In the Alice Birthday Party celebrations, the game aims to empower its community by distributing 500,000 $ALICE tokens for more than four months.

The event will start on the 3rd of June, marking the largest airdrop in the total history of the game. This event is set to leverage gameplay, community engagement, and creativity to provide users with a competitive and fun way of earning rewards. 

A Massive Airdrop to Begin Across Four Waves The Rewards Board of My Neighbor Alice is central to this massive campaign, dividing into four distinct waves. Chapter One is A New Adventure, starting on the 3rd of June. This wave aims to encourage participants to collect points, leading to the major launch on the 17th of June.

In the first wave, 50,000 $ALICE tokens will be distributed with an increasing reward pool in every wave. The final wave will allow leaderboard performers to access 400,000 $ALICE, wrapping up on the 14th of October. During Wave 1, the members who meet the minimum point threshold will gain the reserved 100,000 tokens.

Extra Excitement Brought by Game Nights, Leaderboard Resets, and NFT Tickets Every four weeks, the leaderboard will be reset to keep competition fresh and enthusiastic. In this tenure, the members will benefit from new tasks and opportunities. The in-game quests, content creation, referral system, and social media sharing will give players an opportunity to earn extra points. In the progression of events, the additional rewards and exclusive NFT-crafting tickets will be offered in game nights. This overall advancement will increase the user experience.

My Neighbor Alice is set to transform on-chain gaming, focusing on creativity, community, and decentralization. The platform is poised to empower players to become a part of the metaverse adventure by exploring, building, and expressing themselves completely.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

My Neighbor Alice will include three Pudgy collections that will be given to life as three-dimensional characters. As a result of the agreement with Pudgy Penguins, all 8,888 Pudgy Penguins, 22,222 Lil Pudgys, and 7,399 Pudgy Rods Collections will be included into My Neighbor Alice collection. For the purpose of establishing a new Pudgy Land region, multiplayer builder game My Neighbor Alice (MNA) has announced that it has formed a partnership with Pudgy Penguins. In addition, the partnership will result in the development of unique quests and the integration of all Pudgy NFTs, complete with their own characteristics. This will represent a significant step forward in terms of interoperability across different chains.

My Neighbor Alice will include three Pudgy collections that will be given to life as three-dimensional characters. This will give players the opportunity to explore the game’s open world with their preferred avatar. Holders of Pudgy will also get unique access to Pudgy Land, a place where they may congregate and engage in conversation with other individuals who share their enthusiasm for the adorable penguins.

As a result of the agreement with Pudgy Penguins, all 8,888 Pudgy Penguins, 22,222 Lil Pudgys, and 7,399 Pudgy Rods Collections will be included into My Neighbor Alice collection. The holders of the popular NFTs will be able to benefit from this by gaining access to new missions and games inside the MNA universe.

Both new and current players will have extra incentives to accomplish tasks inside My Neighbor Alice as a result of this partnership, which corresponds with the launch of Chapter One: A New Beginning on June 17. In the process, the alliance establishes new standards for web3 interoperability, demonstrating what can be accomplished when leading projects connect across a variety of blockchain ecosystems.

Steve Haßenpflug, VP of Games at ChromaWay and My Neighbor Alice, said:

“With this partnership we’re pushing the envelope when it comes to interoperability. We haven’t just integrated the Pudgy Penguins brand but have made all 40,000 items awaken as native 3D assets within My Neighbor Alice. Now, Pudgy holders can see their own unique NFTs come to life in-game, interact with the world, enjoy exclusive gameplay and even create new experiences for others. That’s the power of connected ecosystems and a big step towards the open metaverse.”

In an effort to broaden the scope of the Alice universe, Snowflake Wilds, a chilly and emotionally satisfying winter wonderland, has been built. With Pudgy Land at its core, the community has a place to congregate, go on quests, make crafts, and communicate with one another. Those who own Pudgy Penguins and Lil Pudgy’s will be able to see their buddy beginning as an egg and then hatching to disclose the specific NFT possession that they have. Additionally, they have the ability to personalize their in-game profile by using their Pudgy Penguin, and individuals who wield a Pudgy Rod may attach a fishing rod skin that is unique to them and use it to catch unique fish.

One of the other tie-ins that resulted from the partnership between MNA and Pudgy was the creation of a collection of emotes with a Pudgy theme that holders were able to create on their own. The owners of Pudgy have the extraordinary power to develop and sell these emotes to other players inside the game, which opens up significant chances for them to make money off of their ownership of NFTs.

There are certain perks of the partnership that are just accessible to Pudgy holders, but there are other possibilities that are open to the whole MNA community. For example, there are seasonal missions that give out prizes that are related to winter. Pudgy holders, on the other hand, will have the ability to make unique themed clothing and accessories, as well as participate in special tasks that are granted by Pudgy-styled non-player characters.

Lummelunda will see an increase in the number of visitors as a result of the relationship with Pudgy Penguins, which will also result in the introduction of a new winter season and the beginning of a new season of My Neighbor Alice. This is the first of many integrations that will bring popular IP and NFT collections into My Neighbor Alice. These integrations will provide fresh opportunities to connect with one another and explore an open world that is shaped by the community.

My Neighbor Alice is a multiplayer builder game that is developed on Chromia’s Blockchain. It provides a gaming experience that is entirely on-chain and takes place on a delightful virtual island. The use of Blockchain technology enables participants to acquire and exchange virtual assets (NFTs). Players are able to purchase, sell, and trade these non-fungible tokens (NFTs) via the game’s marketplace, which results in the creation of a dynamic and player-driven virtual economy. Players are able to participate in community activities, win rewards, and monetize their works, all of which contribute to the development of a feeling of ownership and teamwork.

Through the development of cutting-edge technologies that facilitate a smooth onboarding process, Pudgy Penguins is committed to ensuring that Web3 is available to all users. By putting an emphasis on empowering communities and increasing brand recognition, they have become the most dominant intellectual property (IP) in the Web3 domain, while simultaneously undermining the conventional IP realm. They are dedicated to having an effect on the average customer and to influencing the future of IP, Web3, and beyond. Please visit pudgypenguins.com for more information.
https://www.pudgypenguins.com/ gives you further information.

The multiplayer game is creating a new winter wonderland zone for everyone and a private enclave for owners of the popular NFTs.

Pudgy Penguins are getting their metaverse on again.

Not satisfied with staying confined to their own Pudgy World metaverse, Pudgy Penguins are expanding into a new virtual world, according to a press release shared with The Defiant. The beloved NFT brand is integrating with My Neighbor Alice, a web3 multiplayer game, as part of a broader partnership.

A core part of the partnership is a special zone in the game built for Pudgy Penguin NFT collection holders. My Neighbor Alice will feature a special Pudgy Land region in its new Snowflake Wilds, “a frosty, feel-good winter wonderland” area of the game.

While Snowflake Wilds are open to everyone, Pudgy Land is exclusively for owners of Pudgy Penguin NFTs, including Lil Pudgys and Pudgy Rod collection holders. Pudgy Land is a part of the game “where the community can hang out, quest, craft, and connect,” according to the press release.

Holders of Pudgy Penguins and Lil Pudgys will enter the game with their NFT as an egg that hatches to become their specific NFT. Holders of Pudgy Rods, which are fishing rods created to accompany each Pudgy Penguin NFT, will be able to equip them with custom fishing rod skins and use them to catch special fish.

“With this partnership we're pushing the envelope when it comes to interoperability,” said Steve Haßenpflug, vice president of games at ChromaWay and My Neighbor Alice in a statement, continuing:

“Now, Pudgy holders can see their own unique NFTs come to life in-game, interact with the world, enjoy exclusive gameplay and even create new experiences for others. That’s the power of connected ecosystems and a big step towards the open metaverse.”My Neighbor Alice is built on the Chromia blockchain, where players can own, trade and sell virtual asset NFTs. Pudgy Penguins NFT collections are based on Ethereum.

Penguins EverywhereThe Pudgy Penguin brand’s own Pudgy World metaverse, built on ZKSync, is currently in closed beta but promises to launch “soon.”

December’s launch of the project’s Solana-based PENGU token via airdrop was controversial, and characterized by high volatility for both the token and the NFT collection, with Pudgy Penguins’ floor price spiking as high as 25 ETH as the launch approached. It is currently 9.24 ETH, according to NFTPriceFloor.

Last month, Pudgy Penguins waddled over to the TON blockchain, allowing 1 billion-plus Telegram users to play Pengu Clash, a multiplayer skill game with mini-games like darts, football and bomber with token-based incentives, tournament rules, unlockable gear, accessories and team cosmetics, according to Pudgy Penguins. It is “pay-to-win” free, the company said in a release.

Also in May, Pudgy Penguins revealed that it was expanding its off-chain activities beyond physical plushies to publishing a children’s book with Random House titled “The Worst Birthday Present Ever.”

NFT prices have dropped dramatically since the airdrop high, which lasted through January, but could be going up if the Securities and Exchange Commission green-lights Canary Capital’s proposed Pudgy Penguin ETF, which will hold PENGU tokens as well as up to 15% of its assets in Pudgy Penguin NFTs.

PENGU is up about 2% on the day and 16% on the week, according to The Defiant’s price data.

ALICE: Final Bosu × My Neighbor Alice: Boss Energy Arrives in Lummelunda

Lido Staked Ether's (CRYPTO: STETH) price has decreased 4.04% over the past 24 hours to $2,550.41, continuing its downward trend over the past week of -1.0%, moving from $2,583.70 to its current price.

The chart below compares the price movement and volatility for Lido Staked Ether over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 33.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 2.0%. This brings the circulating supply to 9.82 million. According to our data, the current market cap ranking for STETH is #8 at $24.99 billion.

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Crypto whales are offloading large amounts of Ethereum (ETH), adding sell pressure to a correction in digital asset markets.

Blockchain tracking firm Lookonchain says that “many whales are dumping ETH” through a number of different platforms and exchanges in apparent panic.

[adinserter block="1"]

“This whale exchanged 4,591.8 Lido Staked Ether (stETH) directly for 4,589.5 ETH at a loss of 2.3 ETH($6K) to avoid the long withdrawal process.

He then deposited all 5,145 ETH ($13.3M) into Binance for sale.”

Source: Lookonchain/X Lookonchain spotted another whale similarly depositing nearly $50 million in ETH to sell on Coinbase, the biggest crypto exchange in the US.

“A whale is selling 19,000 ETH ($49.17M)!

This whale requested a withdrawal of 30,007 Lido Staked Ether (stETH) ($78.67M) 4 days ago and claimed 19,000 ETH ($49.17M).

And the whale is depositing the 19,000 ETH ($49.17M) to Coinbase to sell!”

Another two whales were seen selling 8,208 ETH worth $21.59 million in order to repay debts on lending platform Aave to avoid being liquidated.

And an additional whale, originally buying ETH well above $3,000 in March and April, apparently capitulated and has been selling their holdings at a loss on Binance.

“Another whale sold 5,088 ETH ($13.58M) at a loss of $3.66M.

This whale withdrew 5,088 ETH ($17.24M) from Binance at $3,389 from Mar 28 to Apr 3.”

Source: Lookonchain/X Ethereum reached its high for the year at $4,115 in March, and is now down to $2,583 at time of writing.

Generated Image: Midjourney

Over the past 24 hours, Lido Staked Ether's (CRYPTO: STETH) price has fallen 7.01% to $2,220.43. This continues its negative trend over the past week where it has experienced a 11.0% loss, moving from $2,514.58 to its current price.

The chart below compares the price movement and volatility for Lido Staked Ether over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 255.0% over the past week while the overall circulating supply of the coin has increased 0.32% to over 9.81 million. The current market cap ranking for STETH is #8 at $21.79 billion.

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Lido Staked Ether's (CRYPTO: STETH) price has increased 4.81% over the past 24 hours to $2,544.41. Over the past week, STETH has experienced an uptick of over 6.0%, moving from $2,377.96 to its current price. As it stands right now, the coin's all-time high is $4,829.57.

The chart below compares the price movement and volatility for Lido Staked Ether over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 98.0% over the past week while the overall circulating supply of the coin has increased 0.05% to over 9.75 million. The current market cap ranking for STETH is #8 at $24.79 billion.

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Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Over the past 24 hours, Lido Staked Ether's (CRYPTO: STETH) price has risen 3.92% to $2,444.64. This continues its positive trend over the past week where it has experienced a 1.0% gain, moving from $2,428.48 to its current price. As it stands right now, the coin's all-time high is $4,829.57.

The chart below compares the price movement and volatility for Lido Staked Ether over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 41.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 1.13%. This brings the circulating supply to 9.72 million. According to our data, the current market cap ranking for STETH is #8 at $23.76 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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