Coinbase Lists Mines of Dalarnia and Three Other Cryptos
According to a recent announcement published by Coinbase Assets on Twitter, the largest US cryptocurrency exchange recently decided to list four new assets on its platform. This time, Coinbase chose to add Mines of Dalarnia (DAR), Marlin (POND), Automata Network (ATA), and StaFi (FIS).
Mines of Dalarnia (DAR), Marlin (POND), Automata Network (ATA), and StaFi (FIS) are now live on https://t.co/CD3RBjcbce & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets. https://t.co/676miKzPQH pic.twitter.com/oO0EbD6Lrb
— Coinbase Assets (@CoinbaseAssets) June 16, 2022
All four cryptocurrency tokens are now live on Coinbase.com, as well as available through the Coinbase apps for Android and iOS alike. On Twitter, Coinbase noted that users can simply log back into their accounts and they will be able to buy, sell, convert, send, receive, or store the mentioned assets.
Coinbase has been gradually increasing its collection of available cryptocurrencies over time, doing extensive background checks of each asset and being extremely careful to only list those assets that are approved by the US SEC as non-securities. This attention to detail and thorough examination sets it apart from exchanges like Binance, as Binance has been known to add coverage for new cryptocurrencies rather quickly so that it wouldn’t miss out on any of the tradings once the coin or token started becoming popular.
Mines of Delarnia mimics a popular traditional game with a crypto twist
Mines of Dalarnia is a particularly interesting of the four projects that Coinbase listed, as it is a metaverse project that only saw the launch of its mainnet about a month and a half ago, on April 26th.
The project is actually a game inspired by a popular traditional game called Minecraft, where players are dropped at a random location in an endless open world. Their only real task is to mine anything and everything that the world has to offer, build new items, improve their gear, and use the world’s own materials to bend it to their will. The game is famous for allowing players to go as creative as they are capable of being.
Mines of Dalarnia has a similar approach to mining things and using the world’s resources for building new things, but as a metaverse project, it also runs on blockchain, where it employs a P2E (Play-To-Earn) system, allowing players to make money by mining and selling rare minerals, relics, and other similar assets. Plus, there are two types of players — those who own LAND, and those who rent that land in order to mine it and play the game.
LAND owners can make money from the miners, while miners make money from playing. Only days before seeing launch on its mainnet, Mines of Dalarnia also teamed up with KuCoin, which led to a 16% price increase. However, the token failed to replicate this reaction after the listing on Coinbase was announced, and instead, it dropped on the same day from $0.33 to $0.29 as part of the correction. At the time of writing, its price sits even lower after a drop in the last several hours which took it to $0.27, forcing it down by over 9% in the last 24 hours alone.
To learn more visit our Investing in Mines of Dalarina guide.