Imaginary Ones is a web3 ecosystem known for its cute and family-friendly NFTs. Learn more about how it works in this article.

 available in the digital landscape, it can be difficult for projects to stand out. 

 hopes to rise above the competition by offering users additional features, such as casual gaming and digital entertainment. Is this system a complete game-changer for NFT digital assets? 

This guide will give you all the details about the Imaginary Ones world so you can see for yourself whether it's just art — or a fascinating new investment opportunity.

 ecosystem known for its cute and family-friendly NFTs. However, it's not just art and digital collectibles. The Imaginary World ecosystem also includes complex lore, entertaining games and exciting community events.

Imaginary Ones’ startup has a unique backstory behind its NFT digital assets. Its incredible journey started when it was launched in 2022 by animation artist Clement Chia and business director David Lee. Their focus on art and digital entertainment proved to be popular: in 2022, Imaginary Ones made the news with its 

 and partnerships with major designer brands such as Hugo Boss. Since then, Imaginary Ones has pivoted to offer users a variety of other features. Their system is now focusing on providing a broad range of Web 2.0 and web3 services. 

Imaginary Ones aims to provide a comprehensive web3 platform built around a cohesive set of lore. The Imaginary Ones team’s realization that many NFT projects have an initial burst of popularity (and then fail to maintain value once investors get bored) has shown them that in order to stay relevant, they need to offer their users more than just digital collectibles. To achieve this goal, Imaginary Ones has set out to create a gaming ecosystem and digital entertainment platform. They hope that their cute and friendly characters will provide users with immersive experiences that keep them coming back to the Imaginary Ones system.

Imaginary Ones is built on the Ethereum blockchain. Each Imaginary Ones NFT character is a blockchain-based token that ensures its owner has true ownership over the token. The ecosystem also uses blockchain technology to store data about its virtual worlds, provide a secure gaming experience and create tokens with which users can purchase items. 

The Imaginary Ones ecosystem also employs traditional Web 2.0 technology, with a software framework that runs the mobile gaming options and creates an easy-to-use interface for people to interact with the Imaginary World.

Imaginary Ones takes users on an incredible journey through a variety of entertaining systems. Here are the main features it offers.

Imaginary World is a dynamic, open-world setting for a variety of stories. Characters among the 8,888 personas in the Imaginary Ones NFT collection take part in lore, events and games, and the Imaginary World metaverse offers merchandise and intriguing content to explore. 

 is Imaginary World’s second NFT collection. Each NFT is a carefully curated, car-based piece of art that creates a unique digitally animated vehicle.

 is a set of 12 unlockable NFTs. Players participate in Imaginary Quests as part of the storyline, and over time they get to mint Imaginary Artifacts. These special NFTs unlock additional story levels, and provide additional experiences for players to enjoy.

 is thoughtfully designed to be part of the Imaginary Ones ecosystem. In addition to having sole ownership of an exclusive digital canvas, CMTTAT Foundation Piece owners also get special perks within the Imaginary World.

Any owner of an Imaginary Ones NFT can choose to 

 it in the Imaginary Ones world. Staking moves the NFT from your wallet to the website. You then get to participate in reward-sharing schemes and earn profits from your NFT.

 is an exciting program that encourages users to collect multiple NFTs. The site prompts users to obtain an NFT from each category, Having a squad assembled allows users to earn Rainbow Bubbles points that eventually turn into IO tokens.

 hold unknown prizes for users. Crates are distributed as part of the staking program, with users potentially receiving tokens, game assets and NFTs from them.

Imaginary Ones provides a complete gaming landscape for people to explore the Imaginary Ones universe. 

 is a mobile endless runner game. In addition to mobile games like 

, Imaginary Ones also features the Imaginary Carnival, which contains a whole host of interactive mini-games. These immersive experiences allow users to collect Bubble points and earn further exciting rewards.

As part of its upcoming token generation event, Imaginary Ones is scheduling an 

. BUBBLE tokens will be distributed to participating customers to reward them for their input in the Imaginary Ones ecosystem. In order to become eligible for the airdrop, you can refer friends, hold certain NFTs and mention Imaginary Ones on social media, all of which can help you earn points. 

Many of the Imaginary Ones Bubble Points rewards from the system's gaming experience options will also be converted to BUBBLE tokens. To start earning points for the airdrop, all users need to do is visit 

In just a few years, Imaginary Ones has built a complete blockchain ecosystem and attracted considerable attention from investors and crypto enthusiasts. The coming year (2024) is a game-changer for the ecosystem, since it’s mostly going to focus on the launch of the BUBBLE token. Imaginary Ones will be marketing this event with airdrops and incorporating it into their system. Toward the end of 2024, Imaginary Ones will further expand its gaming landscape by completing the public launch of the Imaginary Carnival gaming ecosystem and 

 token that will fuel the Imaginary World ecosystem of digital collectibles and casual gaming. This coin’s total supply is 

, but almost none of these have been minted and released yet. Once Imaginary Ones does release more BUBBLE, they plan on distributing the tokens as follows:

Looking to trade Imaginary Ones tokens? Bybit now offers the BUBBLE/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

 where you can earn a share of the 260,000 USDT prize pool.

, in which the first 8,000 new users who complete the following two steps between May 13, 2024, 10AM UTC and May 27, 2024, 9AM UTC will receive 20 USDT each:

, is being held from May 14, 2024, 10AM UTC through May 27, 2024, 9AM UTC. Simply trade at least 1,000 USDT worth of BUBBLE on Spot during the event period to grab a share of the 70,000 USDT prize pool.

Please note that your ranking will be determined by your trading volume. If you rank higher, you’ll receive more rewards in return. Rewards will be capped at 1,000 USDT per user.

, will be held from May 15, 2024, 10AM UTC through May 22, 2024, 9AM UTC. Join the lucky draw to win USDT airdrops. New users and referees can win from the 30,000 USDT prize pool.

Although BUBBLE might be a new and unproven token, it's worth exploring. In the past, the IImaginary Ones universe of digital experiences has done a great job of attracting buyers. Their NFT collection has performed well, and they draw a lot of 

 to their metaverse. This is likely to translate to some impressive price increases for the BUBBLE token. 

However, crypto investments always have some risks, especially when a new token without a history of stable pricing is involved. Investors need to 

 BUBBLE before buying it, and it's wise to avoid putting more money than you can afford to lose into any single crypto.

Imaginary Ones has managed to take a simple NFT concept and turn it into complex virtual worlds, mobile gaming systems and exciting digital experiences. By using a cute and cohesive concept to explore blockchain technology’s various facets, the project has captured a lot of fans. With the release of its very own cryptocurrency, Imaginary Worlds hopes to take its system to the next level.

Intermediate

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Imaginary Ones (BUBBLE): Making Web3 Fun and Accessible

Symbiotic, a new competitor in the decentralized finance (DeFi) space, is being secretly funded by the co-founders of Lido and the venture capital firm Paradigm.

Daily Top Performer — Sei Network (SEI)

The SPX index is up 1.17%, the market's optimism has been supported by a robust earnings season. Investors are now awaiting new economic data including weekly jobless claims and the Philadelphia Fed manufacturing index, along with earnings reports from Walmart, Under Armour, and Baidu. The broader cryptocurrency market is up, with Bitcoin and Ether rising by 7.37% and 4.52%, respectively in the past 24 hours.

Today’s outperformer is SEI, which jumped 14.2% after Sei V2 Launch Phased Rollout Strategy for a Scalable Blockchain Upgrade to Parallelize the EVM.

Sei Network (SEI), launched on August 16, 2023, is a Layer 1 blockchain ecosystem built on Ethereum, designed to facilitate ultra-fast trading. It achieves high-speed transactions through built-in parallelization and automatic order bundling, leading to a significantly quick time to finality. The Sei V2 launch involves a phased rollout of a 

 on a live blockchain, requiring governance approval. It begins with a governance phase where SEI token holders approve the upgrade, followed by an alpha launch to deploy EVM-based contracts and integrate initial infrastructure. The final phase declares V2 stable, with all critical infrastructure operational. This strategy minimizes risk, optimizes performance, and aims to scale Sei into a blockchain for consumer-grade applications.

Check Out the Latest Prices, Charts, and Data of 

, a new competitor in the decentralized finance (DeFi) space, is being secretly funded by the co-founders of Lido and the venture capital firm Paradigm. It aims to compete in the emerging market of "restaking," similar to the service provided by EigenLayer. Unlike EigenLayer, which primarily accepts Ethereum (ETH) and some ETH derivatives, Symbiotic will allow for the restaking of any ERC-20 token, broadening its usability and potential integration with other decentralized applications. This move could significantly impact the DeFi landscape, challenging EigenLayer's rapidly growing influence. The backing by high-profile names like Paradigm and Lido's co-founders could position Symbiotic as a formidable force in the DeFi sector. The platform is expected to launch by the end of the year, emphasizing a permissionless protocol that could attract a wide range of decentralized services and applications.

Bitcoin (BTC) surged 7.44% to $66,168 on May 15, driven by US inflation and retail data suggesting a possible September Fed rate cut, which increased investments in BTC-spot ETFs. Notable inflows were reported for key funds like Grayscale and Fidelity. The day's economic insights spurred demand for riskier assets, influencing BTC ETF markets. Technical analysis indicates bullish signals for Bitcoin with potential near-term resistance at $69,000. Meanwhile, Ethereum (ETH) showed mixed trends, struggling below the 50-day EMA but maintaining above the 200-day EMA, suggesting bearish short-term but bullish longer-term prospects.

, an Overwatch-style shooter, is set to launch its NYAN token on the centralized exchange Bybit on May 21. The game, which has been in pre-alpha since March, has seen over 200,000 downloads and entered the top 30 titles on the Epic Games Store. Alongside the token launch, details about a NYAN token airdrop for players who participated in play-to-airdrop campaigns are expected soon. Players earn NYAN tokens by accumulating MEOW and CATNIP points through gameplay or social media engagement. The game, developed by Singapore-based 9 Lives Interactive, emphasizes gameplay over blockchain integration, allowing players to engage without crypto or a wallet. The game will also introduce a premium in-game currency for non-blockchain items and special "awakened" items that are tokenized and tradable, though engaging with the crypto aspects remains optional. 

Beginner

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Symbiotic Emerges as New DeFi Challenger Backed by Lido and Paradigm in Restaking Market

Liquid restaking is a process whereby staked crypto assets are reused to secure additional blockchain protocols, enhancing capital efficiency and liquidity.

Liquid restaking presents a dynamic and effective method for 

) ecosystem. Through the creation of liquid restaking tokens (LRTs), staked assets are tokenized, allowing investors to maintain control over their assets while still enjoying rewards. This approach enhances liquidity and financial flexibility and optimizes the use of capital. 

In this article, we’ll explore liquid restaking, breaking down its core concepts and assessing both its benefits and potential risks in DeFi.

Liquid restaking is a process whereby staked crypto assets are reused to secure additional blockchain protocols, enhancing capital efficiency and liquidity. It allows investors to earn rewards from a restaking platform.

Liquid restaking tokens (LRTs) are digital assets that represent staked cryptocurrencies. They enable users to repurpose staked tokens to secure additional blockchain systems. Users receive LRTs when they deposit liquid staking tokens on a restaking platform. 

Liquid restaking introduces a fresh perspective to the world of cryptocurrency, building upon the principles of staking in a way that enhances efficiency and potential returns. At its heart lies the 

 (PoS) system, through which validators secure the network by 

 their cryptocurrency as collateral rather than via traditional 

. In this setup, validators validate transactions, add them to the blockchain and, in return, earn rewards proportional to their staked amounts.

But what really sets liquid restaking apart is its innovation in allowing staked assets to be “restaked” or reused to secure additional blockchain protocols. Holders of liquid staking tokens can choose to sell, trade or lend their assets on a DeFi platform. This system is made possible through a process known as rehypothecation, whereby the same collateral is used to back different activities.

EigenLayer introduced the concept of restaking tokens, enabling users to take their staked ETH and restake it with actively validated services (AVS). These services perform various functions, such as providing support for Ethereum scaling solutions and furnishing shared security. Networks that can't afford to create native validators can rely on the restaked tokens generated by larger Ethereum networks to handle consensus.

 (TVL) from investors, including amassing 

 of the total amount of Ether (ETH) in circulation within just two days after reopening deposits in February 2024. 

To support this process, staked assets are represented by LRTs, which are tokenized versions of the original staked assets. These tokens serve multiple purposes within the ecosystem, such as securing additional protocols or participating in governance. Just as staked tokens have 

 (LSTs) to preserve liquidity, restaked tokens gain liquidity from LRTs. 

The beauty of liquid restaking lies in its ability to enhance capital efficiency. Validators can earn additional rewards without the need to stake more assets, which improves the overall liquidity of the system. 

However, while liquid restaking offers the potential for higher returns, it also comes with increased risks. The rehypothecation of assets means that if one system fails, it could have a ripple effect on others secured by the same assets.

Liquid restaking brings both promise and caution to the blockchain space.

Liquid restaking and liquid staking are both innovative concepts, with profound implications for staking. They share the common foundation of operating within the PoS framework, whereby validators secure the network by staking their cryptocurrency rather than through traditional mining methods. 

Both systems aim to improve liquidity and capital efficiency within the blockchain space by tokenizing staked assets, enabling greater flexibility by their utilization. However, they differ in their scope and approach. Liquid staking primarily focuses on securing a single PoS blockchain, while liquid restaking extends this concept by using staked assets to secure additional blockchain protocols or applications, such as 

Liquid staking involves earning rewards solely from the staking process itself, while liquid restaking potentially offers additional profits by incorporating rewards from staking on the primary blockchain (such as Ethereum) and operations on platforms like EigenLayer. However, liquid restaking tends to be more complex due to the rehypothecation of assets, which may carry a higher level of systemic risk as compared to liquid staking.

Is Liquid Restaking Better Than Liquid Staking?

When weighing the merits of liquid restaking against those of liquid staking, it’s important to consider the trader's level of experience and their specific investment objectives. 

For beginning traders, liquid restaking may seem daunting due to its intricate mechanics and the added risks associated with rehypothecation. In this regard, liquid staking could be a more straightforward and safer entry point into the staking ecosystem.

On the other hand, experienced traders, accustomed to the complexities and risks of DeFi, might find liquid restaking more appealing. It promises the potential for higher returns and increased capital efficiency, which aligns well with the goals of those seeking to optimize their investments.

Liquid restaking is a better alternative to liquid staking for those who wish to actively participate in the Ethereum consensus process, and seek to leverage their staked assets beyond traditional staking rewards. However, this choice comes with added risk and complexity.

Liquid restaking offers a promising alternative to traditional liquid staking, particularly for those interested in actively participating in the Ethereum consensus process and maximizing their staked assets. By allowing staked assets to be repurposed across various protocols, liquid staking not only contributes to the security and efficiency of the Ethereum network but also opens up avenues for earning additional rewards.

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Liquid Restaking: A Better Alternative to Liquid Staking?

Bybit Web3, the Web3 division of Bybit and one of the top global crypto exchanges, announced an Initial DEX Offering (IDO) for Thetanuts (NUTS) on its platform.

The SPX index was up 0.48%. This optimism persisted despite higher-than-expected producer inflation in April and revisions to March's data. Traders also considered comments from Federal Reserve Chair Jerome Powell about maintaining restrictive monetary policy. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 2.49% and 2.08%, respectively, in the past 24 hours.

Today’s outperformer is AR, which jumped 2.2% after Arweave Ecosystem Update Features New Migrations, Autonomous Trading, and Community Bounties.

Arweave (AR), launched in June 2018, is a decentralized platform for permanent data storage, leveraging its AR cryptocurrency to incentivize users and ensure data permanence. It offers easy web access and is developing moderation tools, with a key partnership with the Internet Archive highlighting its commitment to secure data preservation. Recently,  Arweave Weekly Digest features ar.io's migration to 

 to enhance scalability and introduces Autonomous Finance’'s trading bot for automated portfolio strategies. It also highlights Weavers Raid II with $10,000 in bounties for community projects. Additional updates include the first $AR token bridge via AOX, a partnership with Anchorage, and new educational and community engagement resources, including a podcast on Arweave infrastructure.

Bybit Web3, the Web3 division of Bybit and one of the top global crypto exchanges, announced an Initial DEX Offering (IDO) for 

 (NUTS) on its platform. Thetanuts, a leading DeFi options protocol that specializes in altcoin options, has become the top DeFi Options Protocol by TVL, exceeding $30 million. The IDO will run from May 13 to May 17, 2024, with the token listing on May 20. Eligible participants must maintain a minimum balance of 400 USDC in their Bybit Wallet during the snapshot period. A total of 66,660,000 NUTS tokens are allocated for the IDO from a total supply of 10 billion.

Cryptocurrency investment products saw $130 million in inflows, reversing a previous trend of outflows, with Bitcoin funds receiving the largest share. However, trading volumes decreased. Institutional investment in U.S. spot Bitcoin ETFs increased, highlighted by the State of Wisconsin Investment Board's significant purchases. This reflects a growing interest in digital assets among traditional financial institutions.

 after identifying and redistributing tokens from Sybil accounts to genuine users. The airdrop is set to launch on May 16, 2024, at 12 pm UTC. It includes an initial allocation and a bonus that vests over 6 hours to reduce network congestion and enhance user experience. This airdrop marks a significant move towards decentralizing Drift Protocol, empowering its community, and driving future development. Further details on eligibility and claiming are available on their website.

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Bybit Web3 Announces IDO for Leading DeFi Options Protocol Thetanuts

Bybit Learn

What's Happening

Bybit's CEO, Ben Zhou, unveils a strategic roadmap, highlighting platform advancements, institutional upgrades, and future initiatives in a dynamic keynote.

Ben Zhou kicked off the keynote by highlighting Bybit's commitment to platform stability. The platform achieved a remarkable 3x increase in transaction volume capacity, leaping from 180,000 to an impressive 380,000 transactions per second. Bybit’s goal is to reach 1 million transactions per second by 2024, ensuring a robust infrastructure. With an uptime of 99.99%, even during major industry movements throughout the year, Bybit continues to set the standard for reliability.

Bybit is actively enhancing its institutional offerings through strategic initiatives. The focus is on improving API connectivity for faster trades and achieving a 50% reduction in institutional API latency with UTA-PRO. Upgrades to the Institutional Loans Service include elevated OTC loan limits for INS clients and seamless integration of UTA on-exchange lending. Additionally, Bybit is integrating Spot Trading into the Portfolio Margin mode of UTA accounts, amplifying capital efficiency for clients' trading strategies.

Eugene, Head of Institutions at Bybit, shared key institutional achievements. The platform witnessed a remarkable 182% growth in institutional partnerships. Q4 2023 marked an all-time high trading volume of $2 trillion. Bybit welcomed 33 new broker partners, achieving a 75% improvement in spot liquidity. The addition of ETH2.0 staking aims to enhance capital efficiency for institutional clients utilizing Bybit's Unified Trading Account (UTA), featuring newly added Perp Protect, customizable collateral assets, and more.

Ben also discussed additional platform updates, including advancements in Copy Trading with SyncMaster, Copy Order Protection, and integrated referral links. The introduction of Bot Trading showcased the fusion of Futures Bots and Copy Trading, featuring a new Futures Martingale Bot with impressive APR. The new Bot Leaderboard allows users to easily copy high-yield strategies, with profit withdrawal support now available from running bots.

The keynote highlighted the advent of AI-powered trading at Bybit, ushering in a new era of 24/7 trading opportunities. Users can now trade smarter, not harder, bidding farewell to the continuous grind of active trading. The success of AI-powered trading is evidenced by over $107,000,000 invested, boasting an impressive win rate of over 70%.

Highlighting Bybit's distinct identity, the keynote underscored the platform's role as more than just a trading venue. Bybit stands out as a tight-knit community deeply committed to its users, embodying the essence of #TheCryptoArk.

The Road Ahead — Bybit’s Vision for 2024

The keynote concluded with Ben sharing Bybit's future perspectives for 2024. The focus includes building and enhancing services for institutional clients, improving the quality of life for crypto traders and HODLers through increased accessibility with Bybit Card, and expanding opportunities with the introduction of Easy Options, Explore Options (Web), Altcoin Options (DOGE, SOL, MATIC), Dynamic Delta Hedge, and Smart Auto Investment Dual Asset – all set to be launched in Q1 2024.

Bybit is ready to embark on a fruitful 2024 with you!

PS. We have received all your questions, stay tuned to our keynote page for the answers you've been waiting for!

#TheCryptoArk Keynote — Ben Unveils Bybit's Vision and Innovations for 2024

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