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  • šŸ‘€ ONE airdrop I'm paying attention to

šŸ‘€ ONE airdrop I'm paying attention to

PLUS: ETF flows are back

GM everyone. This is 2036.

Airdrops have been lucrative this year. The best way to qualify was to start staking coins last year.

But thereā€™s a new airdrop Iā€™m putting on my radar today.

Itā€™s an interesting way to capture industry-wide gains in crypto gaming.

Gaming is an easy narrative for the non-crypto-native investor:

  • using blockchains, you can now own your in-game avatars, characters, and items as NFTs

  • you can sell these to other players legally, and you might even be able to move them from one game to another.

Because this narrative appeals to the 3 billion gamers who are largely outside of crypto, gaming tends to take off in the later stages of the cycle, when retail has arrived.

This means thereā€™s still time to set up investments now and reap the major rewards later in this cycle (this is also why I still do private deals in gaming).

A great way to qualify for these rewards is with crypto gaming airdrops.

And I suspect a big airdropper this cycle will be Ronin.

Ronin is a blockchain built by Sky Mavis - the team that built Axie Infinity.

Ronin is designed specifically for crypto gaming. On top of Axie Infinity, it recently attracted Pixels, the current most popular crypto game with 1 million unique active players in the last 30 days.

Pixels was originally built on Polygon.

But they recently migrated to Ronin - hoping to replicate the success of Axie Infinity.

In the process, they airdropped their $PIXEL token to stakers of the Ronin token $RON.

And it looks like Pixels isnā€™t the only game that will do this.

Insiders expect āˆ¼11 games to airdrop their tokens to Ronin stakers this year - including some of these labeled as ā€˜coming soonā€™ on the Ronin website:

So how much can you expect to make?

Well, on the $PIXEL airdropā€¦

  • $2.5 of staked $RON earned āˆ¼$180

  • $135 of staked $RON earned āˆ¼$675

  • $1,700 of staked $RON earned āˆ¼$2,300

  • $20,800 of staked $RON earned āˆ¼$4,000

ā€¦ in other words, smaller stakers were disproportionally rewarded (which is why many people just staked small amounts on multiple wallets) - but the returns are still exciting.

Of course, not all airdrops will be as juicy.

But I expect weā€™ll see a number of lucrative airdrops for staking $RON.

For now, this is still a largely under-the-radar opportunity.

You can grab some $RON on Binance and stake it here.

  • click ā€˜launch appā€™

  • connect your wallet

  • in the dropdown menu on the left, select ā€˜RON stakingā€™

  • select ā€˜governing validatorsā€™ (these have been vetted and verified by Ronin)

  • chose any from this list, optimizing for uptime and large brands (Animoca Brands, Yield Guild Games, etc.)

ā€¦ and voila.

If youā€™re into gaming and want a way to get broad exposure to the ecosystem on the most promising gaming chain - then staking $RON might make sense.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.