Author: dfmines

U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress U.S. Senator Ted Cruz has introduced a […]

Cardano and Solana are the leading competitors for Ethereum as the top smart contracts platform. Their entrance into the space has been highly lauded as this will provide some much-needed diversification in the space. Activities are already underway on the Solana blockchain. However, Cardano has not had much in the way of activities on its blockchain since the launch of smart contracts capability. This has mainly been due to the fact that smart contracts capabilities debuted on the network less than two months ago and it will take some time for developers to test and deploy their applications on the blockchain. Cardano is behind its competitors due to this delay but is no doubt a contender in the space. The blockchain has maintained its position as the second leading smart contracts platform. Now, though, Solana has come for the crown and it is winning the fight. Related Reading | Volume Of ADA Staked On Cardano Network Reaches Record High Solana Overtakes Cardano On Crypto Top 10 For months, Cardano had maintained its position at 3rd place on the crypto top 10 projects by market cap, before being pushed out by BNB last month. This was mainly due to the run-up in the digital asset in August that saw the price of ADA break above $3 for the first time. Its market cap skyrocketed with this rally to over $75 billion, making it one of the most valuable cryptocurrencies in the market. Recent trends have however not been favorable for Cardano. The coin had not seen any significant movement after crashing back down to the low $2. While the broader market had rallied, ADA had remained mostly stagnant and this provided Solana the perfect opportunity to make a place for its spot. SOL trading at $239 | Source: SOLUSD on TradingView.com Solana (SOL) has had a profitable couple of months with the advent of its decentralized finance (DeFi) marketplace and this has played into the high value of the asset. The early hours of Thursday saw the price of Solana hit a new all-time high, pushing its market cap to $72 billion, considerably higher than that of Cardano. With its new market cap, Solana clenched the 4th spot on the crypto top 10, while Cardano slid down to 6th place behind Tether. Given that SOL has a considerably lower circulating supply than ADA, it far exceeds the latter in terms of value. Leading Through DeFi Solana is lightyears ahead of Cardano when it comes to decentralized finance. While developers are still struggling to get DApps and DEXes on the Cardano ecosystem, the DeFi space on Solana has been in full bloom for months. Users can lend, borrow, yield farm, and more on Solana while protocols that provide these services are still awaited on Cardano. Related Reading | Cardano Founder Says Hydra Is A ‘Necessity’ For Growing Traffic Currently, Solana has over $14 billion in TVL (Total Value Locked) on the network, with over 37 billion total transactions. Since the DeFi space is yet to kickstart on Cardano, TVL on the network remains at zero. Expectations for Cardano in the future remain high. However, in the meantime, Solana has proven to be the better choice of the two for DeFi. This makes it the top competitor for Ethereum in the space. Featured image from Medium, chart from TradingView.com

“Without data you’re just another person with an opinion.” – W. Edwards Deming I write about high-potential altcoins for a living, and as I see more and more new investors come to the space, I see more and more misconceptions about how altcoins work, grow, and behave. To help educate newer members of the community…
Read more

The game developer’s total valuation is now $1.25 Billion, following a successful raise.

submitted by /u/Imitation_Llama [link] [comments]

submitted by /u/bordoisse [link] [comments]

submitted by /u/FridaTroup [link] [comments]

Electronic Arts (EA) is one of the biggest gaming companies, with legacy titles like FIFA and Madden that have had a dedicated player base for many years. Additionally, titles like Apex Legends have found a strong player base with potential for long-term longevity. In the company’s latest earnings call this week, EA CEO Andrew Wilson described blockchain technology, notably NFTs and play-to-earn capability as “the future of our industry.” The Future Of Gaming On the earnings call, Wilson added that “it’s still early to figure out how that’s going to work.” Given EA’s long-time licensing partners, most notably with heavy-hitting sports league IP, there’s clear-cut potential moving forward in integrating NFTs into gaming. How the ecosystem at large operates is a much muddier perspective. EA has long been criticized for it’s emphasis on loot boxes and pay-to-win incentives. However, in titles like FIFA (whose long-standing relationship with EA now seems to be in jeopardy), Ultimate Team player cards are already in a sense operating as centralized pseudo-NFTs. “In the context of the games we create and the live services that we offer, collectible digital content is going to play a meaningful part in our future,” Wilson added. “It’s still early to tell, but I think we’re in a really good position, and we should expect us to kind of think more innovatively and creatively about that on a go-forward basis.” Electronic Arts’ (EA) stock has had a nonchalant 2021 thus far after a great close to last year. | Source: NASDAQ: EA on TradingView.com Related Reading | Quant Explains How Bitcoin On-Chain Data Can Identify Peaks Vs. Shakeouts The Current Landscape Traditional gaming publishers to date have moved with caution around blockchain integration. Ubisoft is one of the first top-tier developers to actually make a move, supporting funding to blockchain-powered Animoca Brands. Another major developer, Valve, has openly expressed having no interest in blockchain or NFT engagement at present time. Competitor Epic Games, on the other hand, released a statement from CEO Tim Sweeney around the same time as Valve’s statement, noting that Epic would “welcome games that make use of blockchain tech.” As is the case with many mainstream blockchain integration, being a first-mover likely brings a high-risk, high-reward factor that leave established players more hesitant. Play-to-earn games have made a splash this year in the crypto-sphere, highlighted by the enormous success of Axie Infinity. Now, with the growth of gaming and crypto, traditional publishers are likely feeling the heat to be ‘future-proofed’. Titles like Fortnite and CS:GO, along with the aforementioned FIFA, are often mentioned when it comes to NFTs, as in-game skins and collectibles that can be transferrable from one developer’s title to another are often cited as the most common idea for NFT integration in gaming. We’ll see what EA brings to the table in the years ahead. Axie Infinity has reshaped how we traditionally view video games. | Source: AxieInfinity.com Related Reading | DFINITY Foundation Partners United Esports To Launch Internet Computer Gaming Program Featured image from Pexels, Charts from TradingView.com