What's Driving Token Prices? (Jan 19, 2022)

HNT (-13%) - Helium, a blockchain built for wireless networking, is partnering with the City of Miami to facilitate individuals and organizations to own and monetize their data. DataGovs allows citizens and organizations to own their data while digitizing physical operations on the cloud and has built a protocol called “Govs” to extend this to blockchains, starting with Helium. With a focus on climate change, sustainability, and mobility in cities, DataGovs can use Helium to connect sensors for customers that need real-world monitoring of water, air quality, assets, and more.
NEAR (-4%) - NEAR, a layer 1 blockchain-focused on scaling through sharding and seamlessly bridging to other L1s such as Ethereum, Polkadot, and Cosmos. The NEAR Foundation closed a $150 million funding round as it looks to become the hub of an open Web3. Three-Arrows Capital led the token sale with participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda Ventures, Circle Ventures, and others.
FTT (+11%) - FTT, the native token for the crypto exchange FTX, moved up in the last week on the back of some positive news. The firm first announced a new $2 billion VC fund initiative that will be led by Amy Wu, formerly of Lightspeed Venture Partners. Today, FTX.US Derivatives (previously LegerX) announced their slate of Board of Directors and the Chairman. This could indicate that derivatives will be coming to U.S. markets on FTX soon.
DG (+16%) - Decentral Games, a DAO-governed casino based in the Decentraland metaverse, released an ICE Poker Delegation Dashboard which allows anyone to delegate their ICE Poker NFTs (which users need to play poker). Essentially, DG builds guild management services directly into the game, which keeps all assets and money in their ecosystem. They also announced that they have bought DG back from the market using proceeds from their recent ICE Poker mints ($100k worth).

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