Daily Recap
Yield Guild Games ($YGG) launching on Sushiswap launchpad Miso
On July 27th, Yield Guild Games will launch their IDO (Initial Dex Offering) on Sushiswap’s Miso platform via Batch Auction.
Yield Guild Games is a DAO that invests in play-to-earn games. As I’ve mentioned before, play-to-earn games enable in-game economies, which allow players to generate real-world revenue. While you may not be able to cover your rent in Los Angeles, there are parts of the world earning enough to survive off of games like AxieInfinity.
YGG is very much on the cutting edge of blockchain-based play-to-earn gaming. They have worked alongside AxieInfinity to set up scholar programs where they hire community leaders to help onboard players.
They will raise up to $12.5 million at the Miso launch.
Morgan Stanley reveals position in Grayscale Bitcoin Trust
Grayscale is the largest institutional asset manager in the crypto space.
A great explainer on the “blue chip” DeFi tokens
Coinbase begins their journey in Germany
Polygon prepares for programmable anonymity with Tornado.Cash
Tornado.Cash is one of the most reliable and powerful anonymity preservation tools in crypto.
Blockchains are transparent by nature. When people assume crypto is used primarily for illicit activity, it shows that they haven’t done their homework. Despite the fact that your *self-hosted* crypto wallet doesn’t store your personal information, 99% of crypto users onboard through centralized platforms, like Coinbase, Binance, etc. Additionally, there are sophisticated on-chain analytics firms that can track almost everything.
Many believe that privacy is a human right, and those that don’t yet may in the not-so-distant future. On-chain privacy can be enabled through protocols like Tornado.Cash, Monero, and SecretNetwork.
Tornado.Cash’s integration on Polygon will allow users to anonymize their ETH (on Polygon) in a fast and affordable manner.
Onward,
Josh