#VEMP Studios have expertise not limited to gaming, but extends to the development of web3 products including several domains such as DeFi, DAOs, NFTs, metaverses, and social apps. At our core, we possess a generalist mindset and are driven by a central vision that facilitates the realization of ideas.
Prominent cryptocurrencies are currently experiencing peak values over the course of a year, so garnering heightened attention from investors and drawing a fresh influx of new participants. Terra Luna (LUNA) exhibits a notable increase of 30% in value, positioning it as a frontrunner among Layer-1 tokens. On November 10, a significant community vote was conducted, resulting in the cessation of USTC minting. This development subsequently led to a notable increase in the value of Terra Luna. #LUNC
In October 2023, THORChain (RUNE) experienced a significant milestone by attaining a remarkable monthly trading volume of $3 billion. This achievement may be ascribed to the successful implementation of the groundbreaking Streaming Swaps functionality. Introduced in September, Streaming Swaps allow customers to divide swaps into smaller sub-swaps over a period of time, therefore mitigating the impact of price slippage. #Rune
VEMP Studios plays a crucial role in the extensive VEMP Ecosystem, which comprises many gaming and investing endeavors within the Web3 sector. VEMP Studios is a specialized entity that prioritizes the provision of financial resources, funding opportunities, and the facilitation of development processes for games and Metaverses that are built on blockchain technology.
Initially focused on our decentralized financial application, our solution has evolved into a complete and multifunctional "super decentralized application." This comprehensive platform integrates a games launcher, a digital asset store, and our existing finance platform, offering consumers a completely integrated and customizable user experience (UX).
A notable obstacle has been identified in the realm of on-chain gaming, namely the presence of fragmented user experiences that are dispersed across many apps and blockchains. The adoption of a fragmented strategy results in the emergence of technological impediments and a subsequent escalation in financial expenses, as the availability of liquidity becomes diluted over several networks.
VEMP Studios endeavors to tackle this difficulty through the development of a blockchain-agnostic, on-chain gaming environment. Our objective is to facilitate consumers' access to the most exceptional on-chain gaming experiences through a consolidated platform, therefore reducing financial obstacles and promoting a synergistic ecosystem within the wider Web3 sector.
The cryptocurrency Terra (LUNA) has experienced significant growth following the implementation of many project developments.
Prominent cryptocurrencies are now seeing notable increases in value, indicating a substantial infusion of capital and the ongoing arrival of fresh investors in light of the recent jump in prices. The Layer-1 tokens have experienced significant upward movement in the last three days, with Terra (LUNA) emerging as the frontrunner with a gain of 30%.
On November 10, 2023, the Terra community made the decision to cease the minting of USTC by implementing a Tobin tax rate of 100%. Several measures have been undertaken by the developers and community of USTC, aiming to restore the project's progress. The aforementioned decision appears to have contributed to the upward movement of Terra Luna (LUNA).
The current rise being observed in Terra's testing levels is reminiscent of the levels witnessed in June, since the week started with a notable and assertive increase. On November 10, the value of LUNA had a significant increase of over 90%, reaching a peak of $0.874. However, this surge was followed by a 5% decline, which may be attributed to the impact of overbought sentiment. The rapid movement of Terra LUNA led to its surpassing of a fair value gap (FVG), hence causing an imbalance within the market.
On the 12th of November, 2023. The value of Terra was observed to be $0.7879. According to analysts' projections, it is anticipated that the value of LUNA will see an increase to $0.9250 by the conclusion of the year 2023. This upward trajectory is expected to be bolstered by advancements made inside its network infrastructure.
The value of THORChain (RUNE) experiences a significant increase with the introduction of streaming swaps, resulting in a 12-month peak amidst a surge in trading volume.
In October 2023, THORChain achieved a significant milestone by attaining a monthly trading volume of $3 billion, marking the first instance of such achievement since its inception. The observed rise in volume can be attributed to the recent implementation of THORChain's Streaming Swaps functionality on many platforms during the last month.
Introduced in September, Streaming Swaps enable users of THORChain (RUNE) to divide a single swap into many sub-swaps that are completed gradually over a period of time. The function serves to mitigate the price slippage experienced in THORChain, which refers to the discrepancy between the anticipated price of an RUNE trade and the actual price at the time of execution.
THORChain (RUNE) has exhibited notable advancements, resulting in a robust performance during recent days, culminating in its attainment of the greatest level observed throughout the preceding 12-month period. According to cryptocurrency price aggregators, the native token of THORChain, known as RUNE, has surpassed the $5.00 threshold and is poised for additional upward movement.
As of November 12, 2023, the market price of RUNE was at $5.20, reflecting a notable increase of 56.68% over the course of the previous week. According to analysts' projections, it is anticipated that THORChain will see further growth, perhaps reaching a value of $7.25 by the conclusion of 2023. This upward trajectory is expected to be driven by advancements and enhancements made to the network infrastructure of THORChain.