Crypto News

REV3AL – NFT and Digital Asset Authentication Technology Launches on KuCoin June 30th

REV3AL, a new and innovative cryptocurrency project, comes at a critical time in the crypto sector when scams and fraud are on the rise. As a solution to the hindering growth of the digital media market, REV3AL offers digital copyright protection and anti-counterfeiting solutions for artists, creators, and intellectual property owners. With its multi-layer authentication and anti-counterfeiting protocol, REV3AL hopes to play a major role in protecting digital media, on platforms such as NFT market places, gaming platforms and the metaverse. Venture capital firms and private investors have invested in REV3AL, including Alphabit Fund, NFT Technologies, Uplift, IBC, Moonstarter, and Launchpool. NEAR Protocol & Hedera Hashgraph are just two of the industry’s leading blockchain & distributed ledger technology partners REV3AL is partnering with along with major metaverse and infrastructure partners such as MetaVRse, TCG World, Utherverse, Forward Protocol, and over 50 others. The REV3AL token will be listed on the KuCoin cryptocurrency exchange, one of a select few projects to launch directly on this top-tier exchange. Among the top three crypto exchanges in the world, KuCoin boasts over 10 million registered users as well as 24/7 world-class services in investors’ preferred languages and channels. The token will go live on the Kucoin platform on June 30th. The REV3AL technology ecosystem REV3AL uses multiple dynamic authentication levels on and off-chain to deter fraudsters and prevent digital assets from being counterfeited or abused. REV3AL`s technology strategy is to develop an agnostic ecosystem and product offering for the blockchain and metaverse space and its mission is threefold. To begin with, it aims to authenticate digital media assets both on and off the blockchain. Verifying assets in the digital world, preventing counterfeit attacks, and safeguarding intellectual property. By providing simple and intuitive methods of verification, it enables creators, collectors, and marketplaces to verify the authenticity and originality of their collections, and preserves the value of the original work. Secondly, REV3AL is working on developing a secure NFT marketplace to provide NFTS and digital assets in a curated experience that includes both established and new creators, brands, and partners. Finally, through a unique and easy-to-use API, REV3AL will integrate and provide authentication to 3rd party NFT or digital media marketplaces, gaming platforms, and the metaverse. REV3AL’s security protocols and best practices will be applied to Web3 and the metaverse in a standardized and interoperable manner. REV3AL tokenomics Through a sustainable model of digital asset protection, the project utilizes the token component as a foundation for establishing and verifying the REV3AL security layers. As a result, it has methodically arranged its token metrics to achieve this objective using a deflationary model. In addition, a portion of the token allocation will support charitable projects that support the environment, youth and our community. REV3AL maintains a one billion token hard cap and the ticker for the token will be $REV3L. The token will be listed on KuCoin on June 30th. About REV3AL REV3AL has received widespread support, with a strong organic following on Twitter and Telegram and the project aims to establish itself in the ecosystem as an industry standard for digital asset media authentication tools by quality and value. The team and advisory network comprise of a broad and deep range of experts in various disciplines, such as system architecture, visual arts, cybersecurity, cryptocurrencies, software engineering, anti-counterfeiting, and graphics security. Mo Kumarsi, the CEO of REV3AL, has been integral to some of crypto’s most successful projects, such as CoinPayments and Power Ledger. Adam Russell, the project’s CRO, has over 20 years of experience in cyber safety, blockchain and XR, CPO Eric Prouty specializes in producing and launching mobile and Internet-based technologies, including those in the Web3 space, CMO Georgina Woolams-Edwards is the founder of an international marketing and PR agency with offices in London and Dubai, and CTO Bernard O’Flynn has spent most of his 26 year career building and managing product and engineering teams in the tech/fintech space. Members of the advisory board include notable figures in the blockchain industry, such as Karnika E. Yashwant, the founder of Forward Protocol and Key Difference Media, Mario Nawfal who is the CEO of NFT Technologies. As well as Alan Smithson, known as the godfather of XR, founder of MetaVRse, and Liam Robertson, founder of Alphabit Fund, a premier blockchain fund. Bottom line REV3AL users and token holders can participate in building an ecosystem of complementary technologies and partners that will play a key role in the security, and success of the web3 economy. Addressing a clear market need, giving users confidence, and supporting the rights of creators to control and profit from their original work. REV3AL community members will also have access to exclusive content on the secure marketplace as well as in future metaverse environments. They will have the option of participating in staking and purchasing tokens that can be traded on KuCoin.

Crypto News

Do Guilds Hold the Future of Blockchain Gaming?

Many people believe that Web 3.0 and blockchain technology will be a revolutionary force that will change our lives forever. Technology has already made substantial advancements in various fields, including financial products and entertainment. Online gaming, in particular, has had a massive impact with digital assets being incorporated into traditional gaming. This market segment has established itself as GameFi and its popularity has spawned the rise of Web 3.0 gaming guilds. Guilds are not a new concept and have existed for decades. They are, at their core, groups of players who work together to obtain higher rewards by playing games in teams or sharing resources. Guilds offer a collaborative experience enjoyed by millions around the world via various online gaming communities. As the GameFi industry grows, guilds are creating remarkable value for their members and the industry as a whole. Introducing the Newest Addition to Blockchain Gaming Method MetaGuild is a blockchain gaming guild and a joint venture between Everyrealm and Scott McMillan from Method. Everyrealm is a well-known developer and investor in the metaverse real estate ecosystem while Method is one of the largest multiplayer online role-playing game (MMO and RPG) esports organisations. Using its following, Method aims to build a global community where gamers, creators, and players can maximise opportunities for growth while shaping a future where everyone in the metaverse is rewarded for their contributions. It aims to achieve this by focussing on providing education and competitive opportunities as well as providing a platform for members to create and collaborate with each other. While gaming guilds, like MMG, are not new, their presence has the potential to help blockchain games achieve greater adoption. Guilds provide all gamers with a way to feel rewarded and connected to other gamers. They can create more engaging experiences by interacting with other players than they might be playing alone. Guilds also allow enthusiasts to create opportunities from their gaming skills, which have previously been limited to professional gamers and esports. As a result, this might be a significant step forward for the entire ecosystem, as it offers rewards that were exclusive to a niche community in the industry. What does this signify for gaming in the future? Guilds will also benefit the blockchain gaming ecosystem by increasing player numbers and strengthening the social aspects of gaming. Furthermore, with more tools and resources at their disposal, both creators and players will be able to spend more time doing what they love: playing or creating video games. Increased player numbers will make it more likely for bigger and better games to be developed, which will in turn attract more players, who can also be rewarded for playing these games in addition to having fun. This virtuous cycle will help blockchain gaming as well as various gamers, creators, and contributors grow which then leads to better graphics and storylines, and thus leads to more players. Guilds will play a key role in the future of gaming and serve an integral role in GameFi as a whole. In the coming years, guilds will be at the centre of the Web 3.0 revolution of the gaming industry.

Altcoins Analysis Bitcoin Blockchain

Gameplay Plus Innovation Will Drive the Success of NFT Gaming

Gameplay Plus Innovation Will Drive the Success of NFT Gaming

NFTs were the biggest revelation of 2021, recording a 200x jump in cumulative trading volume from the previous year. NFTs have truly carved out a significant market sector in the crypto industry, from providing art ownership to becoming a market-expanding technology. While NFTs have generated massive mainstream interest through PFP collections, their usability and utility […]

Altcoins Analysis Bitcoin Blockchain

Why P2E Games Are Rallying

Why P2E Games Are Rallying

Play-to-Earn (P2E) is transforming the gaming industry, setting new benchmarks for video games, and creates a level playing field for players. Moreover, it is providing players with asset ownership and incentives, making their playing time more valuable. Axie Infinity, for example, is the most popular P2E game redefining game experience with NFTs and crypto. This […]

Crypto News

Cryptocurrency Mining Chip Producer Nvidia Reports Significant Profits After Decline

The American Chip developing company Nvidia attests to its dip in shares due to the CMP (Cryptocurrency Mining Process) sales decline. The company stated that its 52% decrease for its Q1 of “OAM and other” investments was because of the decrease in CMP sales. Nvidia stated this, as explained in a filing on Wednesday. In 2021, Nvidia recorded $24 million in returns from its CMP sources; this also recorded a discouraging decrease of 77% year-over-year. Last year January, the corporation introduced the CMP product to discourage cryptocurrency miners from storing up existing mining devices like Ethereum’s famous GeForce RTX 3080 Ti. Related Reading | Perp Traders Remain Quiet As Bitcoin Struggles To Hold $30,000 While the chipmaker didn’t explain the exact sales amount its CMP sales provided, it did tag the value “nominal” and over $155 million in loss from the previous year. Nvidia Shares Tumble At The End Of Q1 The company experienced strong quarterly growth from 2021 last quarter to 2022 first quarter, increasing by 8% in returns. Thus, making up to $8.98 billion. Its shares also increased by 3% to $1.36 a share. In addition, the chipmaker stated that it’d continue its buyback program reaching 2023 end, and it is worth $15 billion. Nvidia And The Q2 Nvidia has now been experiencing a steady decrease in interest in the CMP mining chips during this Q2. The reasons why this is so might probably be because of Ethereum’s porting to the Proof-of-staking mechanism. The current bear market, or the recently deployed products from the industry leader—Intel Corporation. We don’t know, but we do know that the tech giant isn’t experiencing a good time at its current turnover. Q2 isn’t starting as interesting as Q1, and pundits project a 4% loss to $8 billion in turnover. During Thursday after-hours trading, Nvidia (NVDA) shares decreased by 7% to $157.8. Also, the NVDA stocks have experienced an almost 50% decrease in the year-over-year report, reflecting a poor outlook for tech stocks. Related Reading | Bitcoin Bearish Signal: Whale Ratio Continues To Stay At High Value During last year’s Q2, Nvidia encountered a 33% dip from expected returns, reaching $266 million, then $106 million in Q3, and $24 million in Q4. That value has still fallen. The chipmaker revised its expectations for the second quarter (Q2), summing it up to $8.1 billion because of the Russia-Ukraine war, and Lockdown in China. Nvidia CMP And Cryptocurrency Mining Nvidia’s Santa Clara-situated CMPs can be effective for mining Bitcoin, Ether, and other digital assets that use the Proof of Work consensus mechanism. In addition, the token’s graphics card, built for gaming, can be effective for mining cryptocurrency except restricted. One notable fact is that CMPs are very scarce in supply. Even on secondary markets, it’s rare to find them. Therefore making the chances of sales slimmer and smaller. Featured image from Pixabay, chart from TradingView.com

Crypto News

The Evolution of Gaming and Its Integration into the Crypto Universe

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.  

Crypto News

Join The Gensokishi Online Closed Alpha For Massive Rewards

Gensokishi Online, the metaverse version of the 3D MMORPG game, “Elemental Knights”, is giving NFT investors the chance to earn massive rewards. Elemental Knights which has been in existence for more than 13 years has amassed a community of more than 8 million players and is now bringing this massive game to the metaverse. Users have a chance to be a part of Gensokishi Online by registering for its closed alpha. Maxi Kuan, CEO of GensoKishi Online, says “In the closed alpha, NPCs, background models, equipment, Monsters etc. will also be renewed, and the graphics will be improved to be suitable for the latest games. We are already working on resources to improve the graphics, but it will take dedicated converter development to incorporate them into the actual game, so we cannot yet show you the improved graphics in the alpha version, but we plan to release them in the beta version. We hope that everyone will take this opportunity to experience the Metaverse GameFi project as never before.” This closed alpha will see a select few get the chance to be a part of the testing period that will end with limited edition NFTs being awarded to the participants. Applications for joining the closed alpha have been announced. It will take place in a lottery-style system where users sign up for the Closed Alpha Bronze Tickets. Winners of this lottery will be provided exclusive access to the Gensokishi Online Closed Alpha Test. At the end of the testing period, players will be ranked on a point system using the “Alpha Hunter’s Certificate” which will drop at a certain probability rate when players defeat monsters during in-game play. The top 10 ranking players at the end will receive limited edition NFTs. The other players are not left out though. The top 11 to 100 players will also receive a limited edition NFT at the end of the testing phase. How To Apply For Gensokishi Closed Alpha Applications for the Gensokishi Online Closed Alpha Bronze Ticket lottery is already ongoing. Interested players are required to complete a number of tasks on the Gensokishi Online website and then submit their application using the application form provided on the site. The purpose of the closed alpha is to help determine the economic balance of the game, and the level design, and to help identify any problems and test the game server before the launch. The alpha version is playable only on Desktop, but Mobile support is planned for beta and beyond. Applications have begun pouring in since launch on May 3rd and will continue to May 17, which is the end date, at 23:59 GMT+8. Players should note that applications submitted after the closing date will not be accepted. The ticket distribution date is also subject to change so make sure to follow announcements for updates on this. At the end of the testing period, players are able to exchange their tickets for the “Gensokishi Fan Club Membership Card.” It is very worthwhile to participate in the alpha version of the game, as the possession of a Gensokishi Online Fan Club membership card entitles the holder to various benefits after the release of the game. Taking Metaverse Gaming By Storm Gensokishi benefits greatly from the popularity and confidence that has been generated by Elemental Knight over its more than a decade in operation. However, the metaverse game itself has made some significant strides. In just 20 days, the community grew to more than 100,000 members and now sits at over 230,000 community members. It also set the record for the fastest project ever launched by Trustpad after selling out in 20 seconds. Its launch on crypto exchange Bybit saw a record 65,000 participants stake more than $220 million to earn $MV tokens, the official token of Gensokishi Online. It is the most widely held token behind MATIC tokens on the Polygon network. Gensokishi Online has made its mark as a formidable contender in the metaverse gaming space and it is only beginning.