Beyond mNAV: A Deeper Dive into DATs
Most investors still judge Digital-Asset Treasuries (DATs) through the single lens of mNAV (market-cap / net-asset-value). This note—compiled from the dashboard built by our partners at Pantera—widens the frame. We disaggregate what actually drives value, how treasuries are managed, and why issuance discipline matters more than the headline premium. –––––––––– 1. The 2025 DAT Summer Is Cooling The sector exploded this year as Bitmine (BMNR), Sharplink (SBET) and Solana Company (HSDT) went mai...
AI Agents + Gamified Earning: Bondex Raises $10.5M, with a June TGE Potentially Becoming the Next 10…
I. Disruptive Innovation in the Web3 Talent Market: Bondex's Dual-Engine Approach In 2025, with the deep integration of Web3 technology and AI, Bondex is redefining the global talent market landscape with its dual-engine model of "AI agents + gamified earning." As the first Web3 career platform deeply integrating economic incentives with social networking, Bondex has completed a $10.5 million financing round, led by top-tier institutions such as Animoca Brands and Bitget. It plans to launch i...
First airdrop! Nodepay's economic model is confirmed, and the TGE is about to raise $7 million.
Nodepay NewsNodepay announced on January 9 that the final airdrop query is now online, and the token distribution for Season 0, 1, and 2 can be queried, with an initial total supply of 1 billion. However, the milestone moment for Nodepay was announced yesterday: On January 12, Nodepay announced that it would launch the first airdrop on January 14. And announced the address. In addition, the economic model is determined, with a total supply of 1 billion and an initial flow of 208,000,000. From...
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Beyond mNAV: A Deeper Dive into DATs
Most investors still judge Digital-Asset Treasuries (DATs) through the single lens of mNAV (market-cap / net-asset-value). This note—compiled from the dashboard built by our partners at Pantera—widens the frame. We disaggregate what actually drives value, how treasuries are managed, and why issuance discipline matters more than the headline premium. –––––––––– 1. The 2025 DAT Summer Is Cooling The sector exploded this year as Bitmine (BMNR), Sharplink (SBET) and Solana Company (HSDT) went mai...
AI Agents + Gamified Earning: Bondex Raises $10.5M, with a June TGE Potentially Becoming the Next 10…
I. Disruptive Innovation in the Web3 Talent Market: Bondex's Dual-Engine Approach In 2025, with the deep integration of Web3 technology and AI, Bondex is redefining the global talent market landscape with its dual-engine model of "AI agents + gamified earning." As the first Web3 career platform deeply integrating economic incentives with social networking, Bondex has completed a $10.5 million financing round, led by top-tier institutions such as Animoca Brands and Bitget. It plans to launch i...
First airdrop! Nodepay's economic model is confirmed, and the TGE is about to raise $7 million.
Nodepay NewsNodepay announced on January 9 that the final airdrop query is now online, and the token distribution for Season 0, 1, and 2 can be queried, with an initial total supply of 1 billion. However, the milestone moment for Nodepay was announced yesterday: On January 12, Nodepay announced that it would launch the first airdrop on January 14. And announced the address. In addition, the economic model is determined, with a total supply of 1 billion and an initial flow of 208,000,000. From...
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Treeverse Season 1: Launching on April 19th
30-Day Rewards
END, IMX, and MON Incentives for Players
Sale of Gift Packs, Enhancement Items, and Exclusive Crowns
Introduction to the Treeverse Project
Treeverse is an MMORPG (Massively Multiplayer Online Role-Playing Game) set in an open world, blending fantasy and sci-fi elements with a MOBA-style (Multiplayer Online Battle Arena) system.
Overview of Treeverse Gameplay
General Gameplay Mechanics
The game features stunning visual design, allowing players to freely construct their ideal homes on personal territories. Upon completion, players can choose to open their homes for public tours or set them as private spaces for friends or guild members to visit and interact.
[Image Insertion Point]
Players can team up for adventures, earning equipment and special NFTs through battles. One of the game's most distinctive features is the "Magic Fruit Tree" system:
[Image Insertion Point]
[Image Insertion Point]
Each magic tree is a unique digital collectible. Once an NFT is placed on a tree, the owner can set the price for the fruits it produces, effectively turning these trees into in-game production facilities.
Related land NFTs can also be traded on the marketplace.
The game offers uniquely styled anime character avatars.
Value of Treeverse
The NFT market is rapidly expanding, becoming a significant part of the crypto landscape. From collectibles to gaming, various segments are experiencing rapid growth. Regarding the current state of the NFT industry and Treeverse's positioning, Loopify states:
"The NFT market has indeed witnessed explosive growth this year. A year ago, six-figure NFTs were rare, but now, high-value pieces emerge daily—a remarkable transformation."
However, the potential of NFTs remains largely untapped. Treeverse aims to reveal the immense, undiscovered value of NFTs to users.
The Treeverse Team
Loopify is the founder of Endless Clouds and Pluid.
Funding for Treeverse
On December 5, 2023, Endless Clouds, the developer of the blockchain game Treeverse, announced the completion of a $2.5 million funding round.
On October 9, 2021, Treeverse secured $25 million in funding.
Conclusion on Treeverse
Looking ahead, the NFT market is poised for continued rapid growth. Despite challenges similar to those faced by other blockchain games, this sector presents multi-billion-dollar opportunities. Through games like Treeverse, we aim to create value for users while offering new avenues for participation in the digital economy.
Treeverse Season 1: Launching on April 19th
30-Day Rewards
END, IMX, and MON Incentives for Players
Sale of Gift Packs, Enhancement Items, and Exclusive Crowns
Introduction to the Treeverse Project
Treeverse is an MMORPG (Massively Multiplayer Online Role-Playing Game) set in an open world, blending fantasy and sci-fi elements with a MOBA-style (Multiplayer Online Battle Arena) system.
Overview of Treeverse Gameplay
General Gameplay Mechanics
The game features stunning visual design, allowing players to freely construct their ideal homes on personal territories. Upon completion, players can choose to open their homes for public tours or set them as private spaces for friends or guild members to visit and interact.
[Image Insertion Point]
Players can team up for adventures, earning equipment and special NFTs through battles. One of the game's most distinctive features is the "Magic Fruit Tree" system:
[Image Insertion Point]
[Image Insertion Point]
Each magic tree is a unique digital collectible. Once an NFT is placed on a tree, the owner can set the price for the fruits it produces, effectively turning these trees into in-game production facilities.
Related land NFTs can also be traded on the marketplace.
The game offers uniquely styled anime character avatars.
Value of Treeverse
The NFT market is rapidly expanding, becoming a significant part of the crypto landscape. From collectibles to gaming, various segments are experiencing rapid growth. Regarding the current state of the NFT industry and Treeverse's positioning, Loopify states:
"The NFT market has indeed witnessed explosive growth this year. A year ago, six-figure NFTs were rare, but now, high-value pieces emerge daily—a remarkable transformation."
However, the potential of NFTs remains largely untapped. Treeverse aims to reveal the immense, undiscovered value of NFTs to users.
The Treeverse Team
Loopify is the founder of Endless Clouds and Pluid.
Funding for Treeverse
On December 5, 2023, Endless Clouds, the developer of the blockchain game Treeverse, announced the completion of a $2.5 million funding round.
On October 9, 2021, Treeverse secured $25 million in funding.
Conclusion on Treeverse
Looking ahead, the NFT market is poised for continued rapid growth. Despite challenges similar to those faced by other blockchain games, this sector presents multi-billion-dollar opportunities. Through games like Treeverse, we aim to create value for users while offering new avenues for participation in the digital economy.
1 comment
good artical