Letter from the CEO
Bitcoin opened this week being worth $47k. It then experienced a somewhat steady decline until Thursday morning, reaching this week’s low at $44k. After that it skyrocketed, reaching almost $49k by Friday evening. It is now poised to close this week right at the crucial $49–50k level, which it needs to flip for further continuation. But Bitcoin is not the only currency experiencing a rise in its value right now, as the total market cap of crypto surpassed $2 trillion for the first time since the crash on May 19th. And while cryptocurrencies continue to rise, Polygon, an Ethereum scalability solution, announced that it will form a DAO (decentralized autonomous organization), to improve its governance and development models going forward. Given that we’re working on a token bridge for this full-stack scaling network, for which we’ve received a development grant from the Polygon team, we’re incredibly excited to see this development.
As for what’s new in our headquarters, this week we got listed on LBank Exchange, which will further help adoption and awareness of our project. As different exchanges integrate our token, we also get new ways where we can reach out to you and introduce you to everything we have to offer. We also announced a new gaming app which will be released sometime in the near future. It’s a Newsco NFT game where you will be able to collect NFTs with special abilities and use them to fight other players, winning special edition NFTs in the process. How cool is that?
That’s it for this week, and I look forward to writing to all of you again soon!