Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

HOW TO COMPETE AGAINST POLYMARKET

A new prediction market competitor could create a unique value proposition by creating non-binary outcomes for predictions, introducing permissionless markets, leverage, and institutional market makers. With the election being the primary driver of attention and volume on Polymarket, it must have a solid strategy for remaining relevant after November, including having copy trading, leaderboards, social features, and betting on more culturally relevant topics. Monetizing the data could prove lucrative.

CRYPTO WALLETS DETER SOME GAMERS FROM TRYING WEB3 GAMES

In a recent research report around web3 gaming, 10% of respondents cited the complexities of crypto wallets as a primary deterrent keeping them from trying web3 games. 7% didn't understand the value proposition, 2% are happy with web2 games, and 9% stated it does not appeal to them. Nearly 60% of web3 gamers said they played for airdrops, indicating a massive discrepancy between the stated goal of onchain games and their actual use case as a tool for speculation and play-to-earn mechanics.

SYMBIOTIC X HACKED, MALWARE IS INFECTING SVG FILES: CRYPTO-SEC

Symbiotic X's social media account was compromised, leading to a phishing attack where users are being lured into connecting wallets to a fake site, potentially losing their tokens. Malware embedded in SVG image files has emerged as a new threat. These files infect users' computers and install remote access software to steal credentials and crypto assets. Crypto users should exercise caution when engaging with unfamiliar links and image files to avoid these evolving threats.

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