Genopets, a Solana-based non-fungible token (NFT) “move-to-earn” game where players are rewarded for the steps they take in real life, has raised $8.3 million in a seed funding round, the company announced Monday.
The round was led by Konvoy Ventures and Pantera Capital with investments from Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital and Animoca Brands.
The game pulls data from users’ phones and wearable fitness devices to convert steps taken in the physical world into rewards within the game. Genopets CEO Albert Chen said in a press release he wants the game to provide “passive income to individuals as an incentive to stay physically active.”
Unlike the popular GameFi title “Axie Infinity,” where users must purchase three NFT characters that can cost hundreds and even thousands of dollars before starting the game, the NFTs required to begin Genopets will be free to mintAfter minting, users can choose to purchase a virtual “habitat” for their characters to expedite the earning process. Once the habitat is purchased, a marketplace of additional NFT items becomes available.
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Source : CoinDesk..
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#Solana price moons past $100 as #SOL bulls set their eyes on $150
#Solana price is looking promising
#Solana price has ascended into the mid $110 zone to start this week's trading session. It was mentioned in last week's neutral thesis that a breach above the triangle's C wave at $106 could be the ultimate catalyst to a 40% rally. This weekend, The bulls pushed Solana price through the trigger level, printing two bullish engulfing candles on the 9-hour chart.
#Solana price will likely continue rising as five wave impulses typically follow triangle breakouts. #Solana price has completed the first impulse into the trigger level at $106 and will need two more impulsive waves to justify the validity of the triangle consolidation.
It's also worth noting that the volume profile is increasing with large buy orders from investors, indicating strength and confidence in the current trend. Traders should consider looking for entries on smaller time frames as the price is likely to chop around the trigger zone.