Stripe, a global leader in payment infrastructure, is entering the stablecoin market amid the sector’s continued growth.
On April 25, CEO Patrick Collison confirmed that the company is actively developing a stablecoin-based product, marking a major milestone after nearly a decade of internal discussions.
Stripe to Launch Stablecoin Product Powered by Bridge Acquisition
Collison revealed that Stripe had long envisioned this project but had only now found the right environment to move forward.
The company has yet to share in-depth details about its moves. However, plans suggest the initial rollout will target businesses outside the United States, the European Union, and the United Kingdom.
We’ve wanted to build this product for around a decade, and it’s now happening. https://t.co/zK9dADvGhG
Stripe’s venture into stablecoins comes shortly after its February $1.1 billion acquisition of Bridge, a company specializing in stablecoin infrastructure. Bridge’s technology is expected to be the foundation for Stripe’s upcoming digital currency initiatives.
The confirmation follows mounting speculation about Stripe’s interest in blockchain technologies. Stripe, which handles transactions across more than 135 currencies and supports billions of dollars in global commerce yearly, sees stablecoins as a natural extension of its services.
Adding a stablecoin product could offer businesses faster, cheaper, and more efficient ways to handle cross-border transactions.
Over 15 Million Businesses Use Stripe’s Payment Solution. Source: X/Token Terminal
The payment giant’s move comes as other major fintech companies are also exploring stablecoins. Major traditional financial institutions like PayPal are already interacting with the sector, highlighting its growing momentum.
As technology continues to evolve and users seek more immersive entertainment experiences, the GameFi market is seeing exponential growth and is expected to attract a wave of investors and players in the coming years. Amidst this momentum, Puffverse has emerged as a dazzling new force in the GameFi space, thanks to its innovative 3D virtual world concept and strong backing.
Puffverse is more than just a gaming platform. It’s an ambitious bridge aiming to seamlessly connect the Web3 virtual world with the Web2 real world, offering users a Disney-like 3D metaverse filled with endless possibilities.
The development team behind Puffverse is composed of top-tier talent from industry giants such as Alibaba and former Xiaomi teams, with deep technical expertise and rich experience. The project has also earned the support of leading investment institutions including Animoca, Foresight Ventures, Spartan, and HashKey, laying a solid foundation for Puffverse’s steady growth and positioning it as a standout in the GameFi track.
Now launching on Gate.io Launchpad, Puffverse offers participants a valuable opportunity to get early exposure and potentially benefit from its future growth. This article provides a comprehensive analysis of Puffverse’s project highlights, core team, tokenomics, and investment potential—unveiling the mystery behind this promising project.
Puffverse: The Latest Launch on Gate.io Launchpad
Crafted by the software team formerly behind Xiaomi Games, Puffverse is a GameFi project centered around a 3D virtual world. Unlike traditional single-character systems, Puffverse emphasizes the question “Who am I?” by offering a range of characters for players to choose from.
TGE (Token Generation Event): Expected in May 2025
Summary: Puffverse is a 3D metaverse fantasy world reminiscent of Disney. It aims to bridge the virtual world of Web3 with the real world of Web2, offering more than just party games or a cloud gaming platform.
In-Depth Tokenomics
Puffverse’s native token, PFVS, is the core of its entire ecosystem. Below is the key information about the token:
Team: 12% — 12-month cliff, monthly unlocks over 24 months
Subscribe Puffverse and Enjoy the Rewarding Benefits of Gate.io Launchpad Debut
As the very first Gate.io Launchpad project, Puffverse (PFVS), is about to launch its commitment round. Users can commit USDT to receive PFVS tokens. Details are as follows:
Subscription Basic Information
Project Name: Puffverse
Token Symbol: PFVS
Commitment Price: 1 PFVS = 0.07 USDT
Total Committed Tokens: 10,000,000 PFVS
Commitment Method: USDT commitment
Maximum Token Limit Per User Can Earn: 10,000 PFVS
Commitment Time: From May 13, 2025, 03:00 to May 16, 2025, 12:00 (UTC)
Distribution Time: Will be distributed on TGE date.
Spot Trading Time: Before the end of May
Unlock Method: 100% Unlock
Subscription Rules
1.Eligibility: Users must complete identity verification and meet the minimum investment requirements to participate.
2.Subscription Method: Users can subscribe using USDT, with a minimum subscription of 1 USDT.
3.Amount to be Obtained: The system will fairly distribute tokens based on the proportion of each user’s investment amount. Amount of tokens obtained = (Personal investment amount / Total investment amount of all users) * Total subscription amount
4.Token Distribution: Tokens invested during the subscription will be locked and cannot be withdrawn during the subscription period. After the subscription ends, the system will deduct the actual obtained project tokens from the user’s invested funds and refund the remaining funds. If the actual amount of tokens obtained is less than the investment amount, the remaining investment funds will be unlocked after distribution and automatically refunded to the user’s spot account. If the actual amount of tokens obtained is less than 0.00000001 tokens, the tokens will not be distributed, and the user’s investment funds will be fully refunded.
Participation Process
Web: Log in to your Gate.io account and complete identity verification → Click “Launch” and select “Launchpad” → Choose the project you want to participate in and click “Commit Now” → Enter the commitment amount and confirm.
APP: Please upgrade to version 6.58.5 or above, log in to your Gate.io account, and complete identity verification → Tap “Earn” and select “Launchpad” → Choose the project you want to participate in and tap “Commit Now” → Enter the commitment amount and confirm.
Core Strengths: Dual Engines of Team and Technology
Team Overview
The Puffverse team is composed of elite professionals from renowned tech companies such as Alibaba and Xiaomi. With solid technical capabilities and extensive industry experience in game development and operations, the team provides robust support for Puffverse’s ongoing innovation and development. Their keen industry insights enable the project to stand out in a competitive market.
Technical Infrastructure
Puffverse is built on advanced blockchain and 3D virtual reality technologies. Its smart contract architecture and decentralized governance system offer users an immersive virtual experience. The project also utilizes state-of-the-art game engines and optimization techniques to ensure smooth gameplay within the metaverse.
Strong Backing: Investors and Strategic Insight
Top-Tier Investment Network
Puffverse boasts an impressive roster of investors, including Animoca, Arcane, Foresight Ventures, Spartan, HashKey, and Sky Mavis. These institutions not only provide financial support but also bring strategic resources and industry expertise, accelerating Puffverse’s rise in the GameFi space.
Investment Value
Puffverse’s investment potential lies in its unique 3D virtual world design and the strength of its technical team. With an innovative tokenomics model and a sustainable governance mechanism, Puffverse effectively motivates community participation and development, making it a project with long-term growth potential in the GameFi industry.
Innovative Design: Dual-Income of Tokenomics Model and Governance Framework
Unique Economic Model
At the heart of Puffverse is the PFVS token, designed to drive ecosystem operations. Beyond serving as a transactional medium and incentive tool, PFVS plays a vital role in ecosystem expansion and governance. Its well-balanced distribution and unlock model support long-term ecosystem sustainability and user engagement.
At the same time, PuffGo does not overlook the Web2 market. The game allows both web2 and web3 players to participate freely and blend in seamlessly. Web2 players can enjoy the game through traditional in-app purchases, filling a market gap in mobile party games. While web3 players can join the league and utilize their NFTs and tokens to engage in skill-to-earn model, enabling gameplay while generating earnings.
Efficient Governance System
Puffverse features a decentralized governance framework powered by smart contracts and community voting. This ensures transparency and efficiency in decision-making, fostering greater user trust and participation.
Conclusion: Puffverse’s Potential and Opportunity
Puffverse has already made a notable impact in the fusion of GameFi and the 3D metaverse, backed by a top-tier team, strong investors, and a forward-thinking token economy. As the TGE approaches in May 2025, the project is set to enter an exciting new phase, bringing users an immersive experience unlike any other.
Gate.io Launchpad offers Puffverse a global stage, inviting users to engage with this innovative project early. For those focused on GameFi and metaverse development, Puffverse is undoubtedly a project worth watching. Seize this opportunity and join Puffverse in opening a new chapter in 3D metaverse gaming, where imagination meets the future of digital entertainment.
Disclaimer: The content herein does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please be noted that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement.
The recent OM collapse at MANTRA has left the community confused. In a series of instant drops, $5.5 billion was erased. According to several analyses, the incident was caused by one trader manipulating two exchanges.
This whole incident highlights the fragility of many token projects. Despite an ostensibly huge market cap, a comparatively tiny amount of liquidity triggered a complete collapse.
According to a new analysis, the initial trigger of the OM crash was a single trader:
“This was due to an entity(s) on Binance perpetuals market. That’s what triggered the entire cascade. The initial drop below $5 was triggered by a ~1 million USD short position being market sold. This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing,” he stated.
After triggering this initial anomaly, this OM trader continued dumping short positions at five-second intervals, which powered the overall crash. As these continual dumps continued on Binance, the OKX spot market saw a discount of nearly 20%.
This strange behavior on OKX was caused by a massive whale. A limit sell order allows the seller to specify the minimum price they are willing to sell a crypto asset for. The order will only execute if the market price reaches or exceeds the limit price. Until then, the order remains open in the order book.
This person single-handedly kept the price fixed on OKX for over a minute, causing market makers and arbitrage bots to buy the assets despite panic selling in the broader market. By this method, the perpetrator was able to dump OM tokens while the crash was underway.
The issue, then, is not that OM fell because of a nefarious actor trying to engineer a crash. Instead, the problem is that a single entity could manipulate the markets so thoroughly.
For an attack like this to work, OM’s ostensible market cap had to be substantially more fragile than anticipated.
Many people hesitating about meme coins reaching billions, or even the $100B dream target.
1) People have forgotten than majority of retail, even with good degrees and high IQ, think that a $0.00001 token is cheaper than other that is $0.10. They don’t understand market cap.
In other words, even though OM’s market cap was theoretically very high, it took a comparatively small investment to crash the RWA token like a house of cards. Some have even speculated that this trader wasn’t even trying to cause a crisis.
Rather, they may have been investors who were forced to sell due to loan terms or risk limits. Some slight manipulation could’ve led to a larger catastrophe.
The Middle East and North Africa (MENA) region is quickly becoming a notable force in the push for global crypto adoption. With growing participation from institutions and enterprises and supportive regulations for Web3 technology, MENA is set to expand its impact.
BeInCrypto interviewed Stephan Apel, CEO of Outlier Ventures, to explore the characteristics of these tech-driven economies and their anticipated innovations.
Web3 Adoption and Market Growth
MENA has emerged as a significant center for Web3 development, facilitated by a combination of demographic, technological, and cultural factors. The region’s entrepreneurial spirit has also fostered an environment conducive to the adoption of decentralized technologies.
“The MENA market has set a standard for adopting next-gen technologies and using them to boost their economic transformation. This is especially true for Web3 technologies— the region recognised their potential early on, offering the resources needed for these projects to scale and thrive on both regional and global levels,” Apel told BeInCrypto.
Consequently, the region is witnessing an increase in startups, investors, and developers exploring Web3 and its diverse applications.
A 2024 Chainalysis report revealed that MENA was the seventh biggest crypto market worldwide. From July 2023 to June 2024, the region saw $338.7 billion in online crypto transactions, representing 7.5% of all crypto transactions globally.
Share of all cryptocurrency transaction value by region. Source: Chainalysis.
Notably, Turkey and Morocco ranked among the top 30 countries globally in crypto adoption. Turkey secured the 11th spot, while Morocco ranked 27th. These nations alone accounted for $137 billion and $12.7 billion in received cryptocurrency value, respectively.
Furthermore, the MENA region’s crypto activity is predominantly driven by institutional and professional players, as a substantial 93% of all value transferred involves transactions exceeding $10,000.
Meanwhile, Gulf Corporation Council (GCC) members have distinguished themselves through their ambitious technological initiatives.
MENA’s Strategic Shift Towards AI
The onset of artificial intelligence (AI) has prompted governments and businesses within the Middle East to acknowledge the global trend towards related advanced technologies. Countries like Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are considering their strategic position concerning this technological transformation.
According to a report by PricewaterhouseCoopers (PwC), AI could contribute up to $15.7 trillion to the global economy in 2030. The consulting firm predicts that the Middle East will bring 2% of the total global benefits, equal to $320 billion.
MENA’s pioneering role in AI development. Source: PwC.
The PwC report also indicates that Saudi Arabia will see the largest absolute gains from AI by 2030, with an estimated US$135.2 billion added to its economy, or 12.4% of GDP. In terms of GDP percentage, however, the UAE is expected to see the greatest impact, approaching 14% of its 2030 GDP. Meanwhile, for GCC states Bahrain, Kuwait, Oman, and Qatar, AI is expected to contribute 8.2% of their GDP.
Given the region’s latest initiatives and investments in AI innovation, these numbers come as no surprise.
Saudi Arabia’s AI Development Initiatives
In 2016, the Saudi Arabian government launched Vision 2030, a program to promote economic, social, and cultural diversification. Integral to this vision is a strategic shift towards artificial intelligence and data-driven innovation, a key component of the nation’s economic diversification efforts.
Saudi Arabia is making notable advancements in AI. The country aims to reduce its reliance on oil by developing advanced technology sectors through targeted investments, infrastructure development, and workforce training.
“Fueled by its Vision 2030 initiative, Saudi Arabia has already created a thriving startup ecosystem, dedicated significant investment in emerging technologies,and designed policies to attract global talent and entrepreneurship,” Apel told BeInCrypto.
The Saudi Data and Artificial Intelligence Authority (SDAIA) spearheads Saudi Arabia’s push into artificial intelligence, shaping and implementing the country’s national data and AI strategy. The National Data Bank is a cornerstone of their efforts. It is designed as a central hub for data access and analysis, facilitating AI applications across public and private sectors.
Last November, Saudi Arabia also unveiled Project Transcendence. The $100 billion investment initiative focuses on accelerating the integration of AI and advanced technologies.
Similar to its neighbor, the UAE has actively pursued AI adoption.
UAE’s AI Strategy and Investments
In 2017, the UAE launched its National Strategy for Artificial Intelligence, which aims to make the country a global leader in the field by 2031. The UAE AI and Blockchain Council oversees this strategy, which impacts sectors like education, energy, and tourism.
The UAE is already reaping the benefits of its AI initiatives. In April, Microsoft announced a $1.5 billion investment in G42, an Abu Dhabi-based technology holding company. G42 is known for its data centers and the development of Jais, a leading Arabic-language AI model.
In September, G42 and Nvidia partnered to create AI-driven solutions for improved weather forecasting. The collaboration aims to advance climate-related technologies by using Nvidia’s Earth-2 platform, which enables AI-augmented climate and weather simulations.
Three months later, Abu Dhabi-based global technological ecosystem Hub71 partnered with Google to boost startup growth in the UAE. This collaboration will bring Google’s “Google for Startups” program to Abu Dhabi, including a dedicated accelerator for Hub71 startups in 2025.
He also drew attention to the planned convergence of AI and Web3 technologies in these prominent regions.
Convergence of AI, Web3, and IoT
Integrating the Internet of Things (IoT), blockchain, and AI technologies is gaining traction among businesses in the Middle East. By combining these technologies, organizations can access new avenues for growth, increase efficiency, and create novel user experiences.
In 2018, the Dubai Airport Freezone Authority launched Dubai Blink, a platform that integrates AI, blockchain, and virtual licenses to facilitate global trade. This system enhances supply chain innovation through ‘smart commerce’ by expediting trade with a unified online platform. Furthermore, it addressed the cumbersome process of supplier identification by using AI algorithms to streamline and accelerate the validation process.
Ultimately, MENA’s proactive approach to technological advancement, coupled with its strategic focus on Web3 and AI, signals a future where the region will be a pivotal architect in shaping the digital economy.