ISSUE 13
pxn-papers.png
OCTOBER, WEEK 1

pxn-image

Whiteboxes Have Landed!

First, we launched the Grid, a gasless soft staking platform, with the aim to reward long-term holders through the accumulation of $PXN tokens. Whiteboxes are our way of bringing the thrill of getting a weekly gift and the chance of getting something special as an incentive for new holders and diamond hands alike. As long as you hold a Ghost NFT before Monday 0600 UTC, you’ll qualify for a Whitebox drop on the same week, Wednesday 0600 UTC.

The concept of loot boxes is not new nor foreign to most. Be it a rare sword, seasonal items, or a bounty of gold - we’ve all heard our gamer friends talk about that one loot box that “changed their lives.” Some even try to make deals with the RNG Gods in hopes that their offerings are accepted. 

pxn-image

In your Whiteboxes, you’ll stand a chance to win $PXN tokens, Consumables, Whitelist spots, and physical items on weeks that feature grand prizes.

In our first drop, holders stood a chance to win the following grand prizes:

  • 2x 12” Macbook Air with M2 Chip
  • 2x Nintendo Switch
  • 2x Secretlab TITAN Evo 2022 Series Gaming Chair

Currently, the boxes are loaded with prizes, randomly distributed to all qualifying Ghosts. This means what you get in your WB is entirely down to luck. As we continue to collect and analyze data in the coming weeks, we look forward to tweaking and improving the distribution mechanics beyond pure RNG. 

Weekly, unclaimed Whiteboxes will be returned to the Resistance before a new batch is reloaded. Remember to gather your Ghost recruits, open your weekly supplies, and don’t forget to Tweet your Haul! 

Congratulations to Thugga, for winning one of our first grand prizes.

Here’s the tweet of his WB haul:

https://twitter.com/thuggaNFT/status/1577647476907147267

ghost-chronicles-img

A History Of Loot Boxes

Hello everyone!

We are pleased to present to you: weekly Whiteboxes! 

Longtime gamers know: loot is king. However, longtime gamers also know that most loot boxes or loot chests only hold what travelers tend to need for the day-to-day: potions, nourishment, medkits, power-ups, and usually some in-world currency, which, while little, do add up quite heavily over time. 

Before there were loot boxes, there were in-game treasure chests. But let’s go back even further: the first known chests were invented in ancient Egypt, circa 3000 BC–used to store fine cloth, weapons, food, and valuables. Sound familiar?

Fine treasures, however, were often far too plenty to be stored exclusively in chests, so there were “treasure rooms” for housing riches and other assets of prize perhaps too large to fit inside a chest, and chests were accessible and used by more than just the wealthy.

That said, who doesn’t want to find a chest filled with treasure? There was an entire era, known as The Golden Age of Piracy (1650-1730s), when maritime piracy ran rampant, and pirates sought & stole just for the treasures held in some chests. 

Before there were loot boxes in games, there were treasure chests scattered throughout an adventurer’s world filled with mostly generic traveling needs found in Role-Playing Games (RPGs) first created in the 1970s. 

Sources attribute the first true loot system to a variety of different games–so it’s difficult to tell who took the treasure chest concept from RPGs and made the loot box first–but these days, we see loot systems in games of all different genres! …WOW, MapleStory, Counter-Strike: GO, Overwatch, and now…PxN!

May the loot gods be with you!

Tech Terminal

Whitebox

  • Launch was very successful
  • Working on double log in error popup on pxn.app/rewards
  • We have defined requirements for a "History" page, and our developers are currently working on it.

Inbox/Chat System

  • We are reviewing code quality, and integrating between frontend and backend code.
  • Our next step will be the system integration test, where testers will conduct a thorough inspection and verify that all outlined requirements have been met.

Login System

  • Login System is being reviewed to enhance security and integration between all products in the PxN App.

General

  • We are collecting data from existing applications, and analyzing them to determine the next parts of our product roadmap.
  • Discussions are on the way with our project management team to review these findings and prioritize projects that will be key to the next part of our roadmap.
Community Updates

Happenings in the Community:

  • The Whitebox rewards system is live. Ghosts can now look forward to opening their weekly Whiteboxes in hopes of winning big. Time to pray to the RNG Gods!

  • The Great Rat Race, a crypto trading competition led by DaddyGainz, will run until the end of October, where the top trading accounts stand to win attractive rewards.

  • Some of our Ghosts will be joining a Fall Guys tournament hosted by Valhalla, fiercely competing for a $10,000 prize pool.

  • Mental Health Mondays with Wonderhands and Rodney, a safe space for our community to get together and share their hopes, dreams and fears.

  • Twitch stream with Baerinz and Jane to rally the community while having fun.

  • Community Think Tank to engage and discuss with the community ways to propel the project forward.
GHOST FEATURE
feature-0feature-1

Market Matters

Hello, members of the Resistance, another week has passed so let's get up to speed on what we may have missed. The markets have been nothing but unpredictable the past week.

We had some important market data released last week including the US Final GDP which came in as forecasted at -0.6% showing that the consumer economy has shrunk due to high inflation and rising interest rates, and the core Personal Consumption Expenditures (PCE) Index data which measures the changes seen in the price of goods and services that are purchased by consumers, which excludes food and energy price.

pxn-image

The PCE has shown that the inflation data of core goods is a big culprit in the increasing inflation rates seen by consumers because the data came in at 0.6% increase which was slightly higher than the projected 0.5% increase. Coupling the PCE data with the US Consumer Confidence report we discussed last week tells us that consumers are willing to spend more even with inflation being high, so there is an elevated consumer demand that needs to shift lower in order to help combat inflation.

There are many things at play behind the scenes that make up the data we see, which in turn helps guide the policymakers in their decisions to adjust things like interest rates and the balance sheet.

Earlier this week on Monday, the FED had an emergency closed board meeting, which isn't too out of the ordinary, but it sent hopeful investors into a market rally in anticipation of a potential discussion of an eventual FED pivot, in conjunction with a notable decline in the 10 year Treasury Yields which is a bullish signal for investors in the equities and crypto markets.

Monday also saw some data from The Institute for Supply Management (ISM)  releasing their Purchasing Managers' Index (PMI) data, which is an indicator of manufacturing businesses’ economic health showing things like employment, production, new orders, and inventories, showed a slowdown in manufacturing with market contraction due to the higher costs of borrowing money from higher interest rates and overall weaker demand for production.

pxn-image

To the untrained eye, a drop in Treasury Yields and PMI may seem like a bad thing, but in fact, this is a step in the right direction for bringing the economy back into balance. At the time you are reading this we will have seen some more data this week including the Non-Manufacturing PMI, as well as many important payroll and jobs employment numbers from the USA and Canada all of which are likely to have an impact on the markets depending if the data is good or not. 

The FED is looking for unemployment to increase, to confirm that their aggressive policy is working to combat inflation. Considering the data that has been released and the future data to come, it is the hope of many investors to see inflation cool down and drop more, which would be beneficial to the markets.

Next week will be an action-packed week which will most likely cause volatility in the markets with the release of PPI data, the FOMC meeting minutes summary, CPI and Core CPI inflation data, rate of unemployment claims, retail sales data, the Consumer Sentiment report, and Treasury Currency report. Expect the days of and leading up to these reports to cause high levels of volatility, in which direction is to be determined by how well the markets receive what is yet to be released.

GAINZ’s TWO CENTS

As the equities and crypto markets digest and price in all the data that has been released and is yet to come, we as investors can look to take advantage of the swings and profit. The crypto markets still remain within a range that could result in more upside or lower lows, so stay diligent in monitoring market prices. Considering the current state of the global economy and all things macro economic, the outlook still suggests the markets are in search of a bottom, but as we have discussed before the prices can bounce up during impulse waves in search of the new lows. Thank you for tuning in. As usual, NFA, DYOR, stay safe, love y’all, and see you next time!

ghost-chronicles-img

Mission: Improbable

Those storages were a nightmare to open. Thankfully, with the help of some Ghosts, we got the equipment we needed. I brought them back to the workshop and immediately got to work. Upgrades and tweaks were made to the gum, boots, and lenses. I could say with conviction that they were fail-proof. This mission is going to be a success. 

I gathered the members of The Improbable Squad and handed them their gifts. 

“Good luck soldiers, you’ll need it.”

It was hard. Handing soldiers their equipment might be the last you ever see them. One day they’re shoving complaints about their items down your throat, and the next you see them in a body bag. I tried to remember everything about these soldiers, from their facial expressions to their little mannerisms. These heroes need their legacy to be passed down to future generations. 

At the break of dawn, they headed out. The hideout was almost 42 kilometers away, hidden on the outskirts of the city. They had to travel 25 kilometers by helicopter, operated by Icarus, and the rest of the journey on foot to avoid suspicion from Web II’s eyes. Icarus then camouflaged the helicopter and camped beside it in case the squad needed air support. The triple threat then started to trudge through treacherous terrain before reaching their destination. They were now 1 kilometer from the hideout. 

Sergeant Crimson was appointed as the scout, pinpointing targets through his rifle scope. This man was undeniably one of the best marksmen in the Resistance, registering over 69 confirmed kills in under 3 months. With a quick scan, he noted down 7 guards, 2 manning heavy machine guns, and 5 patrolling the area. They changed shifts every 3 hours and it took 5 minutes for them to hand over their tasks. This 5-minute window was all they had for infiltration. They would strike at the stroke of midnight.

Pineapple Lounge

Welcome to the Pineapple Lounge! This time we have Phantom 13, Chewtoro in the lounge with us!

pineapple-lounge-img

Chewtoro

@Chewtoro

Phantom Files: 13

Pineapple and Plortis were invited to dinner with the lovely Chewtoro in the inner district. Here’s their conversation over savory food!

Why did you name yourself Chewtoro?
Because I love to eat chutoro. (A form of tuna) 🍣😊

Favorite pizza topping? 

Parma ham & burrata.

Favorite food?
SUSHI! 

Least favorite food?
I love all food, unless they taste horrible!

Favorite color?
Red.

Favorite movie of all time?
Beauty & The Beast.

Favorite hobby?
I’m obsessed with buying and creating keycaps now. Living the keeb life! 

What do you do to destress?
I play with my dog.

Last TV show you watched?
Not a show, but I last watched White Chicks.

Favorite fashion trend?
It’s always changing. I love trying everything. 🥺

Have any pets?
I have a chowpomsky (Dog breed) ❤️ He is the love of my life.

Dream Vacation?

As long as it’s with the right company and good food, it will be a dream vacation. 

What are some inspirations for your upcoming Phantom PFP?
I am inspired by Hinata because I love her evolution throughout the Naruto series and also how she strives to improve herself to eventually be worthy of her partner. I guess we will find out what it looks like when it’s done!

Master Crafter Brianna

Our community feature this week: Brianna the Master Crafter
Your efforts have been noticed by the Resistance and we would like to award you with the Master Crafter medal, Brianna!

pxn-image

How did you get into Nanoverse and PxN?

My husband actually got me into Nano! He stole my phone one night and got me into the Discord when it opened up for a bit. It was my first time “grinding” for any sort of Whitelist (WL).

I stayed around even after getting my WL and post-mint because I really enjoyed having a community to talk to whenever I had some down time. I actually missed the first discord link for PxN and was super bummed, but someone in Nanofam (maybe JJ?) shared a code and I was able to get in that night. I really liked how Rei was running his project, so anything related to Nano I was drawn to.

What do you like the most about the projects?

The innovation. I’m not really big on NFTs that have games on their roadmap. It feels overdone and so far no one has really put out a decent product. The Nano/PxN projects are ambitious, but if they succeed, they will be able to offer something that no other project in the space can even touch.

What's your favorite PxN memory?

When the Vandals were created. The idea that there were people from all over the world that considered me their friend really made me happy. It’s something really special to me.

What inspired you to make your Scythe?

Honestly, it was both for curiosity and for fun. I like to push myself and see what I can create. I had never made a weapon or something of this scale, so a lot of it was figuring out just how to do it. The community was also starting to feel more alive again, and I felt like it would be fun to make something that people would be able to relate to and find pretty cool.

World Wild Web3

Kim K Fined Seven Figures By The SEC

Kim Kardashian was recently slapped with a hefty fine of almost $1.3 million by the U.S. Securities and Exchange Commission (SEC). She did not disclose that she was paid $250,000 for promoting EthereumMax (EMAX), an ERC-20 crypto token.

For those looking to endorse possible investment opportunities, be it crypto or NFTs, think twice about not being upfront if it is a paid sponsorship. You might find yourself on the wrong side of the law.

Here Comes A Web3 Twitter Challenger

Diamond, an upcoming web3 social platform, is looking to dethrone Twitter as the go-to social network. Its Unique Selling point (USP) is a platform hosted on a fully decentralized censorship-resistant blockchain, Deso. Posts on Diamond can also be minted as NFTs, and users can earn crypto tips for their content.

Deso is a new Layer 1 (L1) blockchain that has raised $200 million from the likes of Sequoia, Coinbase, and Andreessen Horowitz. It prides itself as the cheapest on-chain storage solution, making it a strong contender in the web3 social content space.

Username3, A Web3 Linktree Alternative

There is now a web3 alternative to Linktree, a social media links aggregator. Username3 will release a similar fully decentralized service set to go live in mid-October. Built on the Solana blockchain, the links will be minted as an NFT, and whenever anyone clicks on the link and mints (buys) their own username3, referrers will get a reward paid to their Solana wallet.

Mark Miller, CEO of username3, shared, “While the final mission of username3 is to give users a unique experience across all web3 dApps in existence, the strategy is to first move people from the old web2 Linktree-like solutions to the innovative and decentralized blockchain alternative.”

The PXN Papers Team

Wonderhands
@Wonderhands
Lead Writer
Kit
@whykitt
Lead Writer
Pineapple
@pineapplebarrel
Community News
Gainz
@daddy_gainz
Lead Market Analyst
Plortis
@plortis
Dawdler
Ger
@gerxnft
Designer
Pastel
@strollinPastel
Chief Editor
Bunnies
@0xBunnies
Editor
Megsie
@magicmegsie
Facilitator
Rodney
@rodney_eth
Advisor