📢aelf Monthly Digest – October 2024

Check out this month's advancements in aelf’s technology, extensive ecosystem development, dynamic events, and #Web3 industry insights all in one article.

🔎

🌐(CHAIN)GE is HERE🌐

Our epic prize is not tokens or crypto, but rather, something you can hold in the palm of your hand—sleek, powerful, and useful.

Any guesses? 🤔

#aelfdAppChain #giveaway

🗣️aelf Ventures' Voices: Charting the Path of the DeFi Renaissance💬

While TVL remains below historical peaks, the #DeFi sector shows signs of steady growth through sustained trading volumes and notable revenue growth in Q2-Q3 2024, suggesting an evolution beyond speculative hype toward established utility.

DeFi's steady growth is amidst the current challenging macroeconomic climate of high inflation and interest rates. However, with anticipated Federal Reserve rate cuts by 2025 or 2026, DeFi participants are hopeful that these cuts will be the catalyst needed for accelerated growth.

DeFi’s growth will also likely be driven by institutional integration and infrastructure development rather than retail speculation, as DeFi projects like @mintlayer and @defichain are increasingly integrating real-world assets #RWAs and #Bitcoin into their offerings. It seems that in response to #crypto’s volatility, these projects—providing stable yields and secure asset management—are becoming attractive options for investors seeking lower-risk returns.

Post-renaissance, for DeFi to sustain this trajectory, it must address structural challenges, such as fragmented liquidity and technical scalability, while also balancing innovation with stability. This approach requires integrating the strengths of traditional financial models with the advantages of decentralised finance.

For investors, DeFi represents a compelling yet intricate landscape with significant potential to shape a more robust financial #Web3 ecosystem. While short-term growth may not be as explosive, the long-term potential of DeFi remains promising, provided it can capitalise on favourable economic and blockchain shifts while addressing its challenges.

Vietnam's National Blockchain Strategy has huge plans to run the entire nation on #blockchain while @telegram users are spoiled for choice by @ankr's new integration in partnership with @ton_blockchain🚀

Read up on these exciting developments in our news round-up:

🌐(CHAIN)GE is HERE🌐

We’re celebrating the launch of aelf dAppChain with an EPIC global giveaway! More details to come...📲🏆

Save the Date: 11.11 🎉

#aelfdAppChain #giveaway

🚨Latest in the Telegram Scene: Launches & Setbacks

1️⃣@iSafePal New Web3 Wallet
2️⃣Concerns on $TOMA Airdrop
3️⃣@CatizenAI New Launchpool Projects
4️⃣@Bybit_Official First Telegram Mini App

Get the full scoop on these updates:

📊aelf Ventures Spotlight: Telegram GameFi Monetisation Strategies—A New Frontier for Revenue Generation💰

With an existing user base of over 750 million, @telegram presents an incredible opportunity for game studios and developers to reach a wider audience and explore new ways to monetise their games.

Innovative Telegram-based games like @hamster_kombat and @CatizenAI have already demonstrated the platform's potential, blending monetisation strategies from both traditional and #Web3 gaming.

For today's aelf Ventures Spotlight, let's look into key #GameFi monetisation strategies typically used by Telegram games!

[1/8]

🚀 Just submitted my request to aelf through @coingecko!

🎫 Request ID: SU0511240001

📚aelf Tutorial: What Is aelf Playground and How to Use It on aelf AI-Enhanced Blockchain

🎥https://t.co/ddyDTWd7Np

Our new dev environment, aelf Playground, helps you develop and deploy smart contracts easily on our AI-enabled layer 1 #blockchain!🚀 Watch the tutorial to find out how!

#DeFi #smartcontract

Goodbye crypto-induced anxiety. Hello #Stablecoins!👋

In this guide, we provide a 101 on stablecoins, including some popular ones such as $USDT and $DAI, and explore its increasing growth in real-world everyday payments: https://blog.aelf.com/posts/crypto-basics-what-is-a-stablecoin-how-it-works https://x.com/aelfblockchain/status/1852285704002265524/photo/1

🤔How can #Web3 technology become more accessible to everyday users?

With over 950M active users on @telegram, discover how some companies such as @bitgetglobal, @CyberChargeWeb3 and @BNBCHAIN are breaking down technical barriers and leveraging Telegram Mini Apps to expand their reach into mainstream audiences.

💻

🚨(CHAIN)GE IS HERE: Introducing aelf's dAppChain!

With over half a billion transactions and leading #Web3 on @Telegram, dAppChain is purpose-built to create and power seamless #dApp experiences.

Read the full announcement 👉https://t.co/6f8yxSpa2d

More details in 🧵

[1/4]

🔍From nature’s complex design to ancient engineering feats, the world constantly shows us resilience and innovation.

In #blockchain, we’re inspired by these wonders every day—pushing the limits of innovation, connectivity, speed, and durability.🌍 https://x.com/aelfblockchain/status/1851691700521177414/photo/1

⛓️(CHAIN)GE IS COMING

BIG NEWS—we'll be unveiling a new name for our sidechain, with more updates on the way!🔥

😛Think you can guess the new name? Drop your guess via the link!

🔗https://t.co/x9KGks5GbC

Hint: It still reflects our commitment to scalability and efficiency

📊aelf Ventures Spotlight: Unlocking Web3 Potential for Gaming Studios🚀

Web3 Gaming as a Key Avenue for Blockchain Adoption
The global gaming industry, valued at around $217 billion, is projected to grow at a compound annual growth rate (#CAGR) of 13.4% through 2030. #Web3 gaming, aka #GameFi, represents an emerging frontier within this space, with significant potential to drive mass blockchain adoption.

Gaming’s social and viral characteristics make it uniquely suited for #blockchain integration, appealing to a broad audience beyond the niche user bases of #DeFi or #NFTs. A prime example is Telegram Mini App (#TMA) games.

Currently, Asia-Pacific, the U.S., and China are leading in gaming adoption, and many predict that one successful Web3 game is all it takes to bring tens of millions of users to blockchain, making Web3 gaming a transformative market for blockchain adoption.

In today's aelf Ventures Spotlight, let's unlock the potentials of Web3 Gaming!

[1/6]

How well do you know aelf? Let's put it to the test—you might just win from a prize pool of 100 $ELF tokens!

Check out the aelf Wiki Guide article below, TAP any of the quiz banners, and vote for the correct answer on @tmrwdao's Votigram bot!

🗓️From 28 Oct to 1 Nov, we will release a daily quiz poll on Votigram!
🏆Vote correctly in our daily quiz poll to be in the running for the prize!

Participate now:

🌟The AI2NFT Campaign Is Now Live!🌟

We have teamed up with @StabilityW_AI to launch AI2NFT - where you generate #AI art, mint them on @NFT_Forest_NFT, and unlock exclusive rewards!

⏰Campaign Period: October 28, 12pm UTC+8 to November 25, 2024, 12pm UTC+8
🎁Rewards: Win a share of 210 $ELF tokens & Stability World credits!

Ready to Join? Get started on Zealy NOW:

🔥Meet the Most Used Telegram Mini Apps!🔥

We have listed down the top 10 Mini Apps on @telegram that are leading the charge with the highest number of users! Engage in games, manage finances, and explore #Web3—all within your chat window.

🌐Discover why millions are hooked:

🤔What if the infrastructure you use daily could be owned and managed by your community? Welcome to the world of Decentralised Physical Infrastructure Networks (#DePINs).🌐

These innovative networks are redefining ownership and efficiency in essential services like telecommunications and energy.

Dive into how DePINs blend #blockchain and #AI for a smarter, more connected world:

🗣️aelf Ventures' Voices: Virtual Pet Games in the Web3 Space💬

Virtual pet games have evolved significantly from their inception. Pioneers like @Neopets have introduced a virtual world where digital pets lived alongside dynamic economies and robust community engagement. This early model not only entertained but also educated players on economic principles through engaging gameplay and social interaction.🎮

Today, this legacy fuels the innovation in #Web3 gaming, with projects like @Tamadogecoin, @ManekoSOL, and @okzoo_app leading the way by integrating blockchain technologies to offer decentralised asset ownership and play-to-earn mechanisms.🌐

However, despite its initial foray into Web3, Neopets reverted to its original gameplay format, highlighting the challenges legacy games face when integrating new technologies.❌

This pivot serves as a crucial lesson for the sector: success in Web3 virtual pet games hinges on harmoniously blending traditional gameplay elements with innovative Web3 features to preserve the essence of what made these games beloved initially.💡

Our thoughts? Venture capital can be pivotal in this transformation, not merely as financial backers but as strategic partners that can guide these platforms towards sustainable, community-centric, and technologically advanced models.

The right investment will support projects that maintain the delicate balance between nostalgic appeal and modern economic functionality, potentially setting new standards in the gaming industry and ensuring their longevity and relevance in the rapidly evolving digital landscape.🚀