In this tutorial, we’ll explore how you can complete a series of tasks in Network3 for Bybit Web3 Airdrop Arcade.

Task 1: Register for a Network3 Account and Connect Your Bybit Wallet 

: Navigate to the campaign page and click on the 

task. Click on the task, and Galxe will ask to redirect you to the Network3 register page.

: Register for a Network3 account using your email address. You may indicate a 

Task 2: Download the Network3 App and Run a Node for One Hour

 and choose your operating system to download the Network3 app.

 or powerbutton, depending upon which operating system you’re using. For ease of reference, we’ve used macOS and iOS as examples below.

: Keep running the node until the timer reaches 

Beginner

network3 tutorial.png

How to Complete Network3 Tasks for Bybit Web3 Airdrop Arcade

Bybit launched the Bybit Merch Creative Challenge for university students worldwide, offering a $50,000 USDT prize pool.

The S&P 500 dropped 0.22% on Thursday, its fifth straight decline, with investors eyeing Friday’s economic updates. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.03%, with Bitcoin and Ether rising by 2.79% and 2.70%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 1.9% following a rise in price driven by increased open interest and positive market sentiment.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. XRP price surged due to increased open interest, a major XRP transfer, and market sentiment linked to Trump's inauguration. Bullish momentum is supported by high short liquidations, with key resistance levels to watch for further price movement.

Check Out the Latest Prices, Charts, and Data of 

 for university students worldwide, offering a $50,000 USDT prize pool. Participants can design exclusive Bybit merchandise, with submissions open until Jan. 15, 2025. Winners will be announced on Feb. 1, 2025, across four prize categories.

Yesterday, Bitcoin Spot ETFs recorded a total inflow of $84.8M, driven by $107.9M from non-GBTC funds, partially offset by a $23.1M outflow from GBTC.

, offering an airdrop for participants who complete tasks like swapping and bridging using the Mango wallet. Points earned through tasks determine airdrop rewards. Join via the Mango wallet and follow steps on the testnet dashboard.

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Bybit Launches $50,000 Merch Design Challenge for University Students Worldwide

Berachain is a high-performance Layer 1 blockchain that utilizes a Proof-of-Liquidity consensus mechanism to align network security with ecosystem liquidity.

Liquidity fragmentation and capital inefficiency create critical bottlenecks for 

 (PoS) systems locking assets away from productive use. To address this fundamental challenge, Berachain has introduced a novel Proof-of-Liquidity 

 that aligns network security with ecosystem liquidity.

This article explores Berachain's innovative architecture, tri-token system and native DeFi applications that could reshape liquidity provision. We'll examine the project's evolution from an 

, and evaluate its potential impact as it approaches mainnet launch.

 is a high-performance Layer 1 blockchain that utilizes a Proof-of-Liquidity consensus mechanism to align network security with ecosystem liquidity, while maintaining 

-identical execution for seamless Ethereum compatibility.

Proof-of-Liquidity (PoL) addresses a critical flaw in traditional PoS systems: the misalignment of incentives. PoS validators earn rewards without engaging with protocols or users while projects retain most tokens for themselves, creating a fragmented ecosystem that limits growth.

PoL establishes a framework whereby network security and liquidity work together. The system requires validators and liquidity providers to collaborate, with validators distributing rewards to liquidity pools and providers earning governance rights through active participation.

On Berachain, PoL operates through a simple cycle:

This innovative mechanism ensures that all Berachain ecosystem participants share in the network's success. Validators seek delegations to boost rewards, protocols offer incentives to attract liquidity and providers earn governance rights through active participation. The result is an ecosystem in which security, liquidity and growth reinforce each other.

Berachain began unexpectedly as Bong Bears, a community-driven NFT project launched in August 2021 by anonymous developers Papa Bear and Smokey the Bera. What started as a playful experiment with a 0.0694 ETH mint price evolved into serious innovation.

The team, joined by Dev Bear, transformed their thriving NFT community into a foundation for tackling DeFi's fundamental challenges, developing a sophisticated L1 platform powered by a PoL consensus. The project's ambition has attracted substantial investment across multiple rounds. In December 2022, Polychain Capital led a $42 million Series A with participation from Hack VC, dao5, Tribe Capital and others.

Following continued development and an undisclosed raise of funds in April 2023, Berachain secured a $100 million Series B in March 2024, backed by Brevan Howard, Framework Ventures, Samsung Next and other prominent investors through a Simple Agreement for Future Tokens (SAFT).

Berachain aims to advance DeFi through critical infrastructure improvements:

By addressing these core challenges, Berachain attempts to establish a new foundation for DeFi whereby network security, capital efficiency and application development work harmoniously to drive sustainable growth.

Berachain operates via the following three key mechanisms.

Unlike EVM-compatible chains that require modifications, Berachain maintains perfect identity with Ethereum's execution layer. Using unmodified clients, such as Geth and Nethermind, Berachain automatically inherits all of Ethereum's capabilities and upgrades.

Berachain's PoL consensus mechanism establishes a sophisticated framework that aligns network security with ecosystem liquidity through a multi-stage process:

 is Berachain's modular consensus framework that integrates CometBFT with any EVM execution environment. Through the Engine API, it enables perfect EVM identity while delivering significant performance improvements.

Built for extensibility, BeaconKit's modular architecture supports custom block builders, rollup layers and data availability solutions. This flexibility serves as a foundation for both L1 and 

 (DApps) to showcase the platform's PoL mechanics while providing essential DeFi infrastructure.

 model. It features dynamic trading fees (0.05–1%) that adjust to asset volatility, while directing 0.1% of all volume to BGT holders.

BEX's innovative gasless transaction system allows users to pay fees in their traded assets rather than in BERA, reducing friction for new users. It enables complex trading strategies through account abstraction (a feature of blockchain that allows users to manage accounts and wallets via 

) and off-chain relayers while maintaining cost efficiency.

 serves as Berachain's native lending protocol, exclusively utilizing HONEY (the Berachain ecosystem’s native stablecoin) as its borrowing currency. This focused approach creates a natural demand for HONEY while maintaining lending market efficiency.

Bend’s risk-adjusted borrowing system lets users collateralize various crypto assets to access HONEY loans. Uniquely, borrowers receive BGT rewards directly through the protocol, creating a powerful incentive for participation while strengthening the platform's governance structure.

 is Berachain's decentralized perpetuals trading platform, in which all positions, collateral and payouts are denominated in HONEY. The platform supports leveraged trading up to 100x, while maintaining a simple, unified experience.

Berps demonstrates Berachain's PoL in action. Liquidity providers deposit HONEY into the 

 vault to serve as trade counterparties, earning both trading fees and BGT emissions. This creates a sustainable balance between trading activity and liquidity depth.

Berachain implements a tri-token architecture to optimize network operations:

 (Berachain Governance Token) is a nontransferable token that powers network governance. Unlike traditional governance tokens, BGT can only be earned through active liquidity provision in approved Reward Vaults, creating a merit-based system in which influence scales with contribution.

 is Berachain's foundational token with two critical functions: powering network transactions as the native gas token and securing the network through validator staking. The total value of staked BERA creates the base layer of security that BGT's liquidity incentives enhance.

, is soft-pegged to the U.S. dollar. The stablecoin maintains its value through a dynamic collateralization process with the following features:

As the Berachain project approaches mainnet, which the team playfully hints will arrive in "Q5" (community shorthand for Q1 2025), community members can start engaging through pre-mainnet vaults managed by crypto staking protocols Concrete, Lombard and StakeStone.

, whereby protocols establish liquidity commitments before launch. Shortly after Boyco's completion, Berachain will deploy its mainnet, with vault positions automatically transitioning to native protocols like Kodiak and Dolomite.

Berachain introduces a fundamental rethinking of DeFi liquidity through its novel Proof-of-Liquidity consensus. By weaving liquidity incentives into core network operations, the platform creates an ecosystem in which validators, protocols and users naturally collaborate toward sustainable growth.

With this architectural breakthrough, the Berachain network could potentially establish a new standard for Layer 1 platforms whereby sustainable liquidity becomes a catalyst for innovation, rather than a constraint.

Intermediate

berachain.png

Berachain: An EVM-Identical L1 Powered by Proof-of-Liquidity

Big moves for $SOLO as its perpetuals are now live on Bybit. Traders can now leverage SOLO/USDT trading pairs, allowing for more precision and confidence in their trades. 

Daily Top Performer —  Peaq Network (PEAQ)

The S&P 500 was closed on Wednesday. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 2.44%, with Bitcoin and Ether rising by 1.26% and 0.41%, respectively in the past 24 hours.

Today's top performer is PEAQ, which surged 33.8% after the announcement that Peaq Surpasses L2s in 2025, Driven by DePIN and Machine Economy Growth.

Peaq Network (PEAQ), launched in November 2024, is a Layer 1 blockchain for DePINs and Machine RWAs, hosting 3M+ devices, 50+ projects, and $1B+ in value. According to Messari, Peaq, with a $2.1B FDV in 2025, 

 by leveraging L1 valuations, DePIN, RWA, and AI narratives. DePIN rises to a top-3 sector, fueled by the Machine Economy and real-world AI agents.

. Traders can now leverage SOLO/USDT trading pairs, allowing for more precision and confidence in their trades. This launch opens up new opportunities for trading with leverage on the platform.

Yesterday, the Bitcoin Spot ETF market was closed for the holiday.

 details for the $SONIC TGE and airdrop. Eligible participants include Sonic testnet users and Sonic AVS delegators. The eligibility checker opens on January 3rd, 2025, and the TGE launch is on January 7th, 2025. A total of 2.4 billion $SONIC tokens will be issued, with 7% reserved for the airdrop. The snapshot for the airdrop was taken on December 31st, 2024.

$SOLO Perpetuals Go Live on Bybit, Unlocking Leveraged Trading Opportunities

Metaverse

Altcoins

Highstreet is a metaverse that combines virtual reality, crypto, gaming, virtual shops and physical items into a seamless and fun retail experience.

highstreet-price-chart.png

An intriguing aftermath of the 2020 COVID-19 pandemic is the increase in popularity that online shopping has received. Yet, despite e-commerce demands skyrocketing, the underlying infrastructure remains relatively unaltered — until now.

A new platform called Highstreet aims to take e-commerce to the next level by merging online shopping with games in the 

, a 3D virtual world that provides users with amazing VR or AR experiences with the use of a special headset. If you haven't heard about it until now, no worries. We'll explain to you how exactly Highstreet bridges the virtual with the physical and look at the associated benefits for its users.

 is a digital platform that aims to change the way consumers approach the virtual world, 

 (NFTs) and massively multiplayer online role-playing games (MMORPG). 

Highstreet World’s metaverse combines virtual reality, crypto, gaming, virtual shops and physical items into a seamless and fun retail experience. Besides the usual MMORPG experiences such as battling monsters and completing quests, you can shop for real-world brands to purchase items that exist both digitally and physically. The brand products are integrated as part of the creative narrative in MMORPG game quests, so that you’ll stay immersed in the entire metaverse experience.

Highstreet was created by Travis Wu and Jenny Guo, who are also co-founders of a virtual reality company, 

, which has worked with established brands such as Victoria’s Secret and J.P. Morgan. 

Highstreet World is the MMORPG section of the Highstreet ecosystem which can be played on VR and on PC. It’s made of different elements, including the Highstreet Market for trading NFTs and 

 items, and Highstreet Homes, which can be bought via initial home offerings (IHO). One significant difference from other MMORPGs is that some in-game items in the Highstreet Market have physical iterations as well.

The primary feature of Highstreet Market is the limited-edition items it has for sale. The market has a variety of celebrity partnerships, and agreements with social media influencers. Additionally, community members themselves are encouraged to submit items for purchase within the market. It’s an excellent place to help build a brand, or to give new life to an existing property.

Highstreet presents the future of retail with its unique "phygital" business model, which will also revolutionize the NFT sphere. For years, NFT detractors have asked, "Why would I pay for a digital file when there's no physical component to it?" 

Although this question demonstrates a lack of understanding about NFTs as a whole, even the most ardent NFT opponents will have to admit that it doesn't apply to Highstreet Market. As the system grows in popularity, it may change the way people think about the idea of NFTs.

The term "phygital" is a portmanteau of the words "physical" and "digital.

 Phygital items consist of two parts: a digital asset that can be used as clothing or to decorate your metaverse home, and a physical version of the same item, which is then mailed directly to your real-life home. 

The two parts are divided into fractions within the NFT, and can be bought separately. Hence, you can choose either to buy the digital item, or the item as a whole and possess it digitally and physically. The physical item is then mailed to your home. Marketplace purchases are made using the STREET token in-game currency, which we'll discuss in more detail below. 

The Highstreet Market’s metaverse functions like real-life department stores, with both crypto and traditional brands establishing virtual storefronts. Unlike traditional department stores, however, users can receive both in-game and real-world benefits from making a purchase. 

Limited edition items are delivered via phygital drop, a two-part process. First, the user buys a product token by staking HIGH tokens into the bonding curve's reserve pool. After purchase, the user can decide whether to keep the token and resell it for a profit back to the marketplace at a later time.

 determines prices for items to ensure a fair trade for all. Through the bonding curve, if a product runs limited in quantity, the price of the item will be raised to show that it’s more valuable. Therefore, people who buy the same product earlier stand to gain as they can resell that item for profit. Brands can also tailor their bonding curves to be steep or flat in order to drive either more transactions or redemptions. The bonding curve ensures constant liquidity as all deposits made are stored in a 

If you decide you want to use the item instead of reselling it, the associated product token acts as a redemption voucher, which is then burned. You can then use the minted NFT in the metaverse, and the physical product will be shipped to you.

Highstreet Crypto Tokens (HIGH and STREET)

To avoid problems such as resource hoarding and game bots mining for tokens, which would cause inflationary issues and eventually render the token worthless, the Highstreet 

World operates with two distinct tokens. 

The first of Highstreet’s two coins is known as HIGH. Within the Highstreet ecosystem, HIGH is used for staking and to purchase in-game real estate and limited edition products. It has a hard cap of 100 million tokens, and comes in both 

At present, Highstreet World is run by the Highstreet development team. After the game becomes more established, governance of the system will be handed over to holders of the HIGH token, who will also be able to participate in the governance of the metaverse and vote on merchant matters.

The second token is called STREET Credit, or STREET token, which is the in-game currency of Highstreet World. You can earn STREET by completing in-game quests, fighting monsters, watching advertisements, betting in matches and more. STREET tokens are used in a variety of ways, including purchasing items from 

, bidding for your favorite song to play in a club, and upgrading or repairing your ship or hoverboard, which are the means of transport in Highstreet World. 

The STREET token works as an inflationary currency, with the number in circulation constantly increasing as new users join the system. As the STREET token only exists in the Highstreet World universe, its value will always be tied to HIGH and it cannot be used outside of that game world. 

As of Mar 20, 2023, HIGH’s price is $2.41, up 2% from its 24-hour low. Its all-time low was on Jan 1, 2023, when it hit $0.845. It reached its all-time high of $38.42 on Dec 17, 2021.

Although all investments carry a certain amount of risk, in our view, Highstreet could be an excellent long-term investment. Even the most conservative predictions expect its price to increase at least 900% by the end of the decade. This is likely due to Highstreet’s innovative concept of marrying the digital with the physical, which will evolve the e-commerce landscape in exciting ways. As the adoption of the Highstreet World metaverse increases, HIGH tokens are expected to rise in price. It may take a while before this massive boost takes place, however. 

Note that this is not investment advice. Always remember to do your own research before investing in any cryptocurrency, as their prices tend to be volatile.

HIGH is available on many top crypto exchanges, including Bybit. HIGH can be purchased by creating an account and funding your wallet with USDT. After your account has received funding, you can trade HIGH as a 

) on Bybit’s easy-to-use trading terminal.

Highstreet World isn’t the first metaverse, but it has the potential to become the most successful. Its novel phygital business model will also be a huge boost to the perceived value of NFTs. As time goes on, the price of the HIGH token is expected to increase significantly. 

As an MMORPG game, Highstreet may or may not rival 

 in popularity — but we can be sure that the Highstreet game world is a major step forward for both the metaverse and MMORPGs in general. Just as 

 became the model for virtual reality-based gaming over 15 years ago, Highstreet World may soon become the standard on which all subsequent AR and VR experiences are based.

Highstreet (HIGH): Shopping and Gaming in the Metaverse

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards