Today we are excited to announce we are teaming up with @torqueprotocol for our new onchain incentive program!
You can now earn $PORTALS by:
- Buying and Holding $PORTALS
- Providing Liquidity
- Trading $PORTALS
Lets dive in 👇
1/
📣 $PORTALS is coming soon to the BybitSpot trading platform with @_portals_!
The web3 Roblox. Create and launch tokens, games, items and agents in a chaotic, fun, creator economy.
Stay tuned for more!
it's officially TGE season folks. there's been 3 big TGE's that's broken the 1B FDV mark over the past 2 weeks alone, and with SOL & alts looking especially strong, it's officially investments paying off season
your boy (thats me) got a last minute allocation into @_portals_. for those unaware, ill link the tldr to the teams tweet in the comments below. no, it isn't @PortaltoBitcoin (whose team is absolutely cooking with the latest Bitscaler update & $PTB pumping to .07), and yes, it's the third project with the name Portal i'm going to have a fat bag in over the past year and half, but let me tell you, its a cook
will write a bunch more threads on it but the most important tldr:
- TGE sept 16, 5am PST on SOL (~2.5 days)
- project is basically the web3 roblox, aiming to have token mechanics similar to Vir.tuals with tools to help you create viral, revenue generating content. Launch tokens, agents, items, games and worlds, all on Portals
- super OG NFT community since like 2022, with a 90M FDV Presale selling out on metaplex $~600K allocation in literal seconds
- Backed by Greylock (Roblox, Coinbase, Discord), Multicoin, Solana Ventures, Foundation Capital, etc etc (good listings incoming)
insane cook, super excited for TGE (big open incoming), more content incoming as well - who do i know that has exposure here?
One of the few projects we’ve been super excited about is @_portals_ and it seems like their TGE is coming very soon. Recently, their presale sold out in just 11 seconds!
https://t.co/Yow55DZu9c
Let me briefly share some points on why we’re bullish on @_portals_ and how they may really have a chance in capturing significant mindshare:
1. Backed by @GreylockVC (investors in Roblox), @multicoin , @mantisVC (founded by members of The Chainsmokers), and having fund manager behemoth, @vaneck_us building spaces, Portals is bridging traditional entertainment and Web3.
Think: ETFs and BTC/ETH, fund managers and ONDO/ENA. Portals brings Gen Z & Gen Alpha into Web3, a huge audience previous gaming/metaverse plays failed to capture.
2. OGs @adamq_q and @_bus_bus_bus and the Portals team have quietly been building since 2021 with a diehard community. You know it’s gonna be a good launch if the team’s been working on it for 4Y+.
▪️Their 2021-minted NFTs are still thriving, with top-tier “Operator” NFTs recently selling for ~$250K each, with 6 sold in one week.
3. Portals aims to be the Roblox of Web3—a no-code, browser-based platform for game & content creators to build their own applications.
Roblox stock price has been very strong this year with Daily Active Users (DAU) increasing 41% yoy.
The catch for Portals, the decentralized Roblox, is creators can tokenize their builds, pairing their own token with $PORTALS. This opens up models that have not been explored before.
4. Roblox game, “Grow A Garden” has generated ~$5M+/month, with its 16-year-old creator earning ~$1.5M of that in Robux.
▪️In Portals, the creator would keep 100% of those fees. Imagine a Web3 flywheel with more creative games being built with fees and revenue flowing back to founders incentivizing them to constantly update their games.
5. Beyond games, Portals will have a DeFi economic layer, where assets can be staked, yield-bearing, and in some cases (like Portals IDs) backed & redeemable for USDC.
This could be one of the biggest Web3 launches of the year.
Couldn’t be more excited!
LFG @_portals_
In the last two weeks we have seen:
- 3 Operators sell for a combined 2,396 SOL
- 6 Striders sell for a combined 630+ SOL
- SWEEPS of 100+ SOL of collectors
- Plenty of activity and volume at the explorer level
The evidence is there. It is @_portals_ season.
🔥Alpha Alert
$CHEX is on fire with a 19% spike in the last 24 hours & a whopping 38% increase over the week
Institutional buying is driving volume to $12.5M, while the burn/stake mechanics are now live - making each RWA tokenization trigger $CHEX burns
With a $795M RWA fund set to launch this quarter - the infra behind @ChintaiNetwork will see significant utilization & growth