Weekly Altcoin Update - Week 41

This week's altcoin update is packed with information, with an update on the following projects: $ZIL, $XCAD, and $SCO!

Zilliqa

This week, the Zilliqa ecosystem has welcomed two new partners: Ninjas in Pyjamas (@NIP) and @fmfw_io! The ecosystem is moving towards the e-sport industry, one of the fastest-growing global entertainment industries. NIP is an Esports company with multiple teams active in CS:GO, Rainbow Siege, FIFA 22, and Valorant. It is one of the largest esports brands in the world. The company has recently merged with another Chinese e-sport brand, ESV5, and is planning to expand its brand into Asia further.

Additionally, the company has partnered up with other cryptocurrency firms before, such as Mercuryo – highlighting the interest in the cryptocurrency industry. The Zilliqa partnership is a five-year blockchain-focused deal that aims to reduce the interaction gap of the audience of NIP and its e-sport athletes. Zilliqa will act as a sponsor for NIP and be a creative and tech infrastructure partner for NIP. Therefore, Zilliqa branding will be on the NIP jerseys and expand the Zilliqa brand's exposure. An interesting detail of this deal is that a significant portion of Zilliqa's sponsorship will be paid in ZIL tokens to ensure a long-term relationship. Zilliqa is getting listed on FMFW.IO (previously exchange.bitcoin.com). The exchange is relatively small. However, it increases the accessibility and liquidity of Zilliqa as an asset.

XCAD Network

The XCAD Network is currently ramping up its marketing efforts as part of the mainnet launch strategy. The next marketing round will include major cryptocurrency influencers to cover XCAD to increase the exposure of the ecosystem while the team is enhancing and developing their product.

The Client Liquidity offerings (CLO) will significantly impact the circulating supply of the native XCAD token. XCAD holders can lock their tokens in to get a chance of getting a CLO allocation. Therefore, a part of the circulating supply will be locked into a liquidity pool that cannot be unlocked and will provide liquidity forever. The CLO's will launch in November.

UFF Sports

UFF Sports is a fantasy sports ecosystem that offers ownership of franchises and players as an NFT. The ecosystem currently supports three sports; Ice Hockey, Basketball, and American football. The latter will have an auction in the upcoming days that will allow investors to obtain a franchise. The auction will consist of 16 franchises, with a starting price of 5,000$ USD with minimum bid increments of $500 (SCO will be used as means of payment).