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Questions and Answers
Match the following terms with their descriptions:
Arbitrage trading = Profiting from price differences in a cryptocurrency trading pair across different markets Crypto arbitrage trading = Involves making money from price differences of cryptocurrencies between different exchanges Algorithmic crypto trading bots = Monitor the prices of cryptocurrencies across various platforms and regions Order book = Lists buy and sell orders for a specific crypto asset
Match the following terms with their meanings:
Price discrepancies = Differences in the price of the same cryptocurrency on different exchanges Price gap = Difference in the price of a cryptocurrency on other exchanges Cryptocurrency trading pair = Pair of cryptocurrencies traded against each other on an exchange Prevailing prices = The most commonly observed prices across exchanges
Match the following terms with their roles:
Traders = Aim to profit from the price differences by buying cryptocurrency at a lower price in one market and selling it at a higher price in another market Buyers and sellers = Bid different prices resulting in mismatched prevailing prices across exchanges Exchanges = Determine cryptocurrency pairs’ prices through an order book Countries worldwide = Where cryptocurrencies are traded across several exchanges
Most blockchain games consist of large-scale projects.
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According to Pitchbook's Q3-2023 Gaming Report, blockchain gaming was completely abandoned.
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The current state of crypto gaming is very remarkable with numerous successful projects.
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Honeyland is a Web3 strategy and resource management game on Ethereum.
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In Honeyland, players can potentially stake their HXD tokens for rewards.
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What did Karl Blomswell, CEO of Nibiru Software, say about the relationship between games and DeFi?
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What is the central element of the project in the game Honeyland?
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What is one of the leading examples of games that have started implementing ways to gamify DeFi?
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What did Game7 report about the majority of blockchain games last year?
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According to Pitchbook's Q3-2023 Gaming Report, what did they reveal about the state of blockchain gaming?
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Study Notes
Overview of Crypto Gaming
- 2023 was considered the year of realizations in crypto gaming, with developers acknowledging Web3 limitations, games improving, and projects creating realistic roadmaps.
- Despite slow technological progress, crypto gaming attracted significant investment, with over $1.4 billion raised between May and November 2023, according to Dappradar.
History of Crypto Gaming
- Blockchain games emerged in 2017 with CryptoKitties, but didn't gain significant attention until 2021 with projects like Axie Infinity, Decentraland, and The Sandbox.
- The growth of these projects was driven by marketers and technological evangelists, leading to a thriving blockchain gaming community.
Challenges and Setbacks
- The crypto winter of 2022 led to a decline in the entire crypto market, causing the value of metaverse and crypto gaming projects to diminish.
- The interest in crypto gaming was at a low point in 2022.
Recent Developments and Trends
- 2023 saw projects like Gala experience significant growth, with a 308% price increase in January 2023, according to CoinMarketCap.
- Despite slow technological progress, crypto gaming is attracting significant investment, hinting at a potential boost in 2024.
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Description
Test your knowledge about crypto arbitrage trading, a strategy aimed at profiting from price differences in cryptocurrency trading pairs across different markets or platforms.
