Weld Money is getting a boost in its efforts to build a bridge between the world of crypto and fiat with the backing of ZenX Labs, the incubator program of the popular CeDeFi exchange Unizen. ZenX Labs will provide the expertise Weld Money needs to establish its business network, build full compliance around its payment […]
Litecoin implemented the MimbleWimble Extension Blocks (MWEB) recently to boost privacy within the network. The privacy-focused upgrade could be good news for developers and users […]
Animoca Brands, the company advancing digital property rights for gaming and the metaverse, and its subsidiary The Sandbox, a leading decentralized virtual world, today announced the listing of SAND on Coincheck, the largest crypto trading exchange in Japan. Coincheck users can now access SAND on Coincheck in the markets of SAND/JPY and SAND/BTC. SAND is […]
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Despite the crypto market being thrust into a brutal sell-off in the last seven or so months, the level of activity on the Cardano network has spiked, with hundreds of projects onboarding the Layer 1 network in preparation for the next bull phase.
Terraform Labs co-founder and CEO Do Kwon has finally listened to suggestions to burn most of LUNA’s hyperinflated circulating supply of over 6.5 trillion tokens. While he’s still against the idea, Kwon has…
Andreessen Horowitz (A16z) is launching a new fund that will exclusively invest in the gaming and metaverse industries. The new $600 million fund is comprised of a pool of dedicated cash and a new internal structure aimed at locating acquisitions inside the gaming vertical. The fund, which aspires to establish the future of the gaming […]
Ripple, a blockchain company, committed to transforming the digital payments sector, has issued a $100 million fund. The fund will boost carbon removal and support […]
OpenSea, the largest marketplace for non-fungible tokens (NFTs), has unveiled a new protocol that will support the purchase and sale of NFTs. The new feature […]
Hong-kong based cryptocurrency exchange, Crypto.com, known for its industry-standard security measures, announced on Thursday that it is granting a donation of an undisclosed amount to the Crypto Research Lab of the University of Pennsylvania (UPenn) in order to boost the analysis of security and privacy in this age of digital revolution. The crypto exchange inked […]
Despite all the volatility in the crypto market, many academics and crypto enthusiasts alike are still debating whether it is possible for Bitcoin (or any…
The post Can Bitcoin Become a Reserve Currency? appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
From arcade systems to home consoles and mobile apps, gaming has made its way into the lives of billions across the world. As a result, gaming is a popular activity for many in the modern age and remains one of the globe’s most profitable industries. The first recognized example of a gaming machine debuted at the 1940 New York World’s Fair and was based on the ancient game of Nim. Played by about 50,000 people, the computer won more than 90% of the time. In the mid-20th century, gaming was regarded as an oddity and primarily was just the subject of scientific and academic research projects. It was not until 1967 that the first prototype multiplayer video game system emerged. By 1972, the design turned into the Odyssey console that later inspired Atari’s Pong video game. The 1990s finally brought the gaming industry to prominence. The rise of 3D gaming and successful franchises like Mortal Kombat and Sonic the Hedgehog cultivated generations of loyal gamers. Interest in gaming also established companies like Nintendo and Sony as household names. The Internet Revolution And The Rise Of Modern, Digital Gaming The rise of the internet and better computer processing power ushered in new gaming frontiers. Games and graphics became more intricate while internet servers allowed global gamers to play together. In addition, online storefronts like the Apple App Store and Xbox Live Marketplace made buying and updating games much more effortless. Ease of access through these tools helped bring gaming into popular culture. In 2018, a Newzoo report revealed how mobile gaming revenue had captured more than 50% of the global gaming market, bringing in about $70 billion in revenue after enjoying a decade of double-digit growth. By 2021, the worldwide gaming market revenue had jumped to $178.2 billion as continued technological innovation led to more impressive year-over-year totals. Estimates project the number of global video game players will jump to just over 3 billion in 2023, up from 2.69 billion in 2020. While the popularity of titles like Lost Ark, Fortnite, and PlayerUnknown’s Battleground has drawn many to the gaming industry, growth also comes through the marriage of cryptocurrency and gaming, primarily through the ‘play-to-earn’ model. Blending entertainment with financial speculation, Axie Infinity users can buy NFTs and use their virtual ‘creatures’ to win battles and create new NFTs. The platform made $1.3 billion in revenue in 2021. From Q1 2021 to the same period in 2022, blockchain-based gaming jumped by 2,000%. Crypto Developers Look To What Works In Traditional Gaming And Aim To Replicate Crypto gaming has grown in popularity as developers work to understand how to welcome traditional gamers into the Web3 world. One strategy is to offer free-to-play gaming options for those who might be newer to the cryptocurrency world, following in the legacy of apps like Angry Birds or Candy Crush that allowed users to jump into a game quickly. Crypto gaming’s social aspects are also taking shape as guilds and DAOs begin to spring up in conjunction with the space’s more popular titles. But the play-to-earn model, where crypto users can collect assets while playing, stands as one of the most transformational aspects of the gaming world. The structure brings in a shift from a ‘publisher or developer first’ game economy to a ‘player first ecosystem’ where gamers stand to benefit instead of companies releasing titles. As a result, play-to-earn games like Axie Infinity and DeFi Kingdoms continue to grow in popularity as gamers flock to platforms where they can enjoy an energetic community and win. The technology continues to prove its potential as projects like Illuvium, one of the most anticipated blockchain titles in the gaming industry, develop gameplay similar to most AAA games available today. There is no doubt that the potential for play-to-earn games is nearly limitless. They can cater to different gaming genres, one being a classic card trading game where users can hold their card packs as NFTs. One project that aims to do just that is Shiryo. Shiryo players will be able to mint packs of NFT cards, form decks, and compete against each other in individual games and weekly competitions for rewards that include tokens, cards, card packs, and avatars. Powered by the Ethereum blockchain, Shiryo’s multiplayer experience comes from Amazon’s AWS Gamelift service, as traditional platforms like Steam do not allow NFT-based games. Team members plan to release more packs and boost gameplay in the future after launching the first couple of phases in late 2021. Continued investment from venture capital firms and the play-to-earn model’s popularity only attracts more people to blockchain-based gaming. As a result, the industry remains strong even amid immense volatility in cryptocurrency markets. Crypto gaming only looks to accelerate as more people, especially traditional gamers, get comfortable with virtual currencies and see how crypto-focused games continue to deliver on their promises.
Nomura, a leading financial service provider in Japan, has unveiled Bitcoin derivatives for institutional clients. The launch of this product comes as the crypto market […]
Crypto markets are crashing and it seems every other digital asset has been in the red for the longest time – including Axie Infinity’s Smooth Love Potions (SLP) which is now at a sob figure of zero. The currency has been going down, especially since the market is saturated by players rushing to the game. […]
What do health and wellness brands, logistics companies and your local Bitcoiner have in common? They’re all hash rate fiends!
Ethereum gas prices surge as the traders are looking for stablecoin exits and the prices are looking to quadruple over the past two days because of the stablecoin transactions so let’s read more today in our latest Ethereum news today. The Ethereum gas prices surge and they could double once again today, as per the […]