Weekly Update: December 23rd- December 29th 2022

It is safe to say that we are currently all still facing a bear market, or perhaps more realistically, a Crypto Winter. Given recent controversy in the space, this is unsurprising. Yet, crypto is a new industry and will recover eventually. We need only look at the dot com crash decades ago to see that this type of upheaval is actually beneficial in the long term, and needed. For the time being, Bitcoin is hanging on around $16,500, ETH at $1,200, and BNB at $250.

It might seem like a broken record to say so again, but the best course of action for any project in the crypto space right now that plans to stick around is to continue building. That has been much of the focus of the team at Sphynx Labs for some time now. UI updates are currently being worked on for the dApp and Sphynx Labs Mobile App, with an emphasis on fixing any minor technical issues as well to make sure the product we offer is the best it can be when the market looks good again.

The NFT Marketplace is also still in rampant development with a strong release candidate coming as soon as possible. Users and creators alike will soon be able to see all their collections across multiple chains with seamless transitions. Sphynx Labs will be getting the word out to creators about how to list collections when the site goes live.

As stated before the Sphynx Blockchain has been in development for over a year now. The chain will be a Layer-1 hybrid Proof of Work and Proof of Stake Blockchain. The only holdup now is simply waiting for the right time in the market to release such a massive utility. When the time comes, we will begin to let the community know more about how the chain will change things at Sphynx Labs.

More staking pools are going live with Sphynx daily as well. Recently, our friends at Omnia/Apex Chain launched a new chain to stake Nutless Monkey NFTs and $BLOCK tokens on Apex to earn rewards.Pools from Hand of Midas, Retrocade, and Planet Cats have gone live as well and more information can be found in the Sphynx Telegram and their respective Telegram communities found below.

Sphynx Labs and Rude’s Crypto Lounge are also teaming up in the new year to offer a free staking pool to a deserving token project. Tyler from Sphynx Labs will be joining Rude’s for their weekly Shill and Chill Twitter Space on Wednesdays to hear from any project in the space that wants to shill their project. Three will be chosen for a poll in the Sphynx Labs Telegram where their communities can vote for who will win a free pool. More details will be released shortly.

There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday, or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!

Sphynx Labs Links

Website: https://sphynxlabs.co
Telegram: https://t.me/sphynxlabs
Twitter: https://twitter.com/SphynxLabs
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx

Project Pool Information

Retrocade:https://t.me/RetroCadePortal

Apex/Omnia: https://t.me/omniaverseOfficial

Hand Of Midas:https://linktr.ee/handofmidas

Planet Cats: https://t.me/catcoin

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