🚀 Hot protocol up 1,000% in the last 90 days
PLUS: The supply of stablecoins hit an all-time high in Q3
Hi Investor 👋
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In today's newsletter:
💡 Virtual Protocol
📣 TON has partnered with Curve Finance
📈 The supply of stablecoins hit an all-time high in Q3
Let’s dive in!
💡 Insight
What if you could buy a share of famous AI influencers?
VIRTUAL Protocol is a decentralized platform designed to enable the creation and monetization of AI personas for virtual environments, such as games and metaverses. It leverages community contributions to generate co-owned, human-curated AI characters that can interact in multiple forms like text, voice, and motion.
In other words, Virtual Protocol is a platform for anyone to easily create AI agents. Anyone can buy tokens of these agents as well.
The Basics
Sector: Web3 Infrastructure
Vertical: AI, Gaming
Market Cap: $374M
24H Real Volume: $2.59M
X Community: 69.2K
The Opportunity
The Virtual Influencer Market is projected to grow to around $45B by 2030, according to TradFi. Virtual Protocol is creating virtual influencers that can tap into this market.
Virtual is down more than 25% from ATH and outperformed BTC in the last 3 months by 862%.
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📣 Update
TON has partnered with Curve Finance
The TON Foundation, a nonprofit organization supporting the development of The Open Network (TON) blockchain, has announced a partnership with Curve Finance, a decentralized exchange (DEX).
The partnership will collaborate to “incubate a new TON-based stable swap project” to improve user experience and stablecoin trading on the TON blockchain.
As part of the partnership with Curve Finance completed in September, a competition was held to develop Curve’s Constant Functional Market Maker (CFMM). This technology promises reduced price volatility and lower slippage.
📈 Signal
The supply of stablecoins hit an all-time high in Q3
Stablecoins are digital currencies that are designed to maintain a constant or “stable” value. To achieve a stable value, many hold reserve assets denominated in US dollars or other fiat currency at a fixed rate (typically 1:1).
Such fiat-backed stablecoins make up the vast majority of the overall stablecoin market.
An important metric to consider when assessing stablecoins is the amount and nature of reserve assets they hold.
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