Category: Cryptocurrency News

More paths open up for Web3 gaming as a $100 million investment fund is launched by the large blockchain venture firms Solana Ventures, Lightspeed Venture Partners, and FTX. A lot of enthusiasm surrounds the future of the GameFi industry as it grows exponentially. The fund aims to invest in “the intersection of blockchain and gaming”: technology companies, gaming studios that incorporate the Solana blockchain. Gaming could be a great gateway for Web3 to bring in “next billion users”, said one of the partners. The CEO of FTX Sam Bankman-Fried said in Tweeter that this partnership might build “the biggest growth area in the sector: web3 + gaming + NFTs.” Related Reading | FTX CEO Sam Bankman-Fried Reveals Reason Behind Billions Of Dollars Tether Purchase Recently, Lightspeed and FTX announced their first investment for the gaming studio Faraway by leading a $21 million Series A funding round alongside other important partners such as a16z, Pantera Capital, and Sequoia Capital. Faraway will now integrate Solana blockchain into “Mini Royale”, the studio’s top game. Faraway CEO Alex Paley commented on their goals for the project:  Blockchain technology will unlock the potential for truly player-driven, open economies and will usher in the next wave of gaming and virtual worlds, (…) Our goal for both current and future games is to create extremely fun and social games with open economies, giving players true ownership over their in-game assets and a true voice in how the game evolves over time. Web3 Gaming  And Solana See Growth Web3 gaming has seen great growth in popularity, parallel to Solana’s token impressive gains in 2021. The new digital era is allowing further monetization and experiences in the gaming ecosystem by integrating DeFi and NFTs. Related Reading | Why Billionaire Chamath Palihapitiya Invested In The Solana Ecosystem The merge of the blockchain and gaming comes with great potential for revenue alongside the possibility of creating strong communities and new features for them. “High-performance blockchains like Solana are now capable of delivering the kind of web2 experiences gamers expect while providing the advantages of decentralized Web 3 systems.” Said Amy Wu, partner at Lightspeed Venture Partners in a public statement. She further commented to Cointelegraph about her views on the metaverse: the metaverse is a potential digital world where people build identity, reputation, make friends, play, and transact in. (…) If it becomes even a fraction as meaningful as our offline lives, it’s incredibly valuable. Hence why Web 2 companies like Meta and native Web 3companies alike are trying to build this. People spend hours a day in games like Fornite and Roblox, so I believe the metaverse will be born out of a social game. Anatoly Yakovenko, CEO of Solana Labs, also commented in the fund’s public statement: In the last few months we’ve seen talented game builders leave their jobs at Riot, EA, Scopely, and other established gaming firms to build Web 3 games on Solana. We are excited to collaborate with Lightspeed and FTX to support and accelerate this new wave of builders. Newzoo projected that the gaming market will generate around $218,7 billion by 2024. They also reported a growth in player rates from 20210 to 2021 of +5.4%.

The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable.

Ok, long time holder here, and this may be off-topic– but I see this as an indicator that something is seriously fucked with r/bitcoin I've been a member of r/bitcoin since 2013 and today I just was notified that I have been banned after making the following comment: https://www.reddit.com/r/Bitcoin/comments/qnmirp/google_invests_1_billion_in_exchange_that_trades/hjhy2uv/?context=3 LOL! Ok, so I knew that…
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submitted by /u/Pitiful-Tap3578 [link] [comments]

I see some people feel bad because they can't invest the same amount of money compared to the people from the richer countries. Putting 1000$ in crypto is hard for them, it is hard to earn that money. But hey, if you make "smaller gains" they are still going to be big for you since…
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Hey Guys, I am new to the Etherium network and want to buy into some coins here. I was using Binance Chain before. I am using Metamask because everyone is talking about it for the ETH Network. The Problem I have is I was trying to buy small Positions for some Coins. 100$ each to…
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On November 3rd, U.S. Federal Reserve Chairman Jerome Powell finally hinted at the beginning of tapering resulting in Bitcoin and other cryptocurrencies taking a loss. The market has been moving sideways since then, cooling off after a rally that took BTC from $40,000 into price discovery above $65,000. Related Reading | Inflatable Bitcoin Rat Makes Comeback Due To Federal Reserve Ethics Issue In the meantime, fund investors turned mathematical artist Nelson Saiers struck Wall Street once again with one of his iconic sculptures. Part of a series of conceptual art installations that should come out in the next weeks, Saiers sculpture is called “Cheap Money Is Out-of-Order” and was placed in front of the iconic Wall Street Bull statue as a response to FED Powell. Below you can see the sculpture in its full glory. The piece is composed of a vintage gumball machine that offers people $10, hinting at the historical figure of Alexander Hamilton, whose ideas allowed the FED to be created, for only 50 cents as a statement made about the institution’s monetary policies in particular “cheap money”. Its location is equally important, as it was placed at the heart of the U.S. financial sector. As you can see below, the gumball machine has a sign that reads “out of order” highlighting the moral questions raised about the FED in the past years. Talking to Bitcoinist about the sculpture and what it represents in a world where the people have lost faith in the institutions, resulting in more Bitcoin adoption, the artist claimed the following: I think people are nervous. The Fed’s balance sheet has grown tremendously over the last 13 years and more than doubled since spring 2020. You are seeing more and more worries about real inflation. I mean Jack Dorsey stated he was concerned about hyperinflation.  I think this coupled with fundamental questions about who these policies have benefitted eg the ultra-rich have benefitted significantly from stock and asset appreciation. The Bitcoin And The Bull, A Hedge Against The FED As Bitcoinist reported, Saiers has a long track of calling out the FED. In 2018, the artist placed a massive inflatable Bitcoin rat in the U.S. Federal Reserve building. Similar to his latest piece, the rat conveyed a general sentiment of mistrust and lack of confidence in the institution. Saiers’ work is a representation of the moral issues related to government officials, especially within the FED, apparently using their influence to benefit from market fluctuations. Some measures have been enforced by the institution to mitigate this behavior, but the FED’s reputation just like its monetary policies seems “cheap”, “out of order”, insufficient, and tarnish by hidden interest. The artist said: (…) On top of all this, some real ethics questions were recently raised due to the personal account activity of several of the Fed’s presidents. I think this has placed the system itself under some scrutiny. Bitcoin was born as a response to that demand for transparency and fairness. As the world economy enters uncertain times, once again, it seems like the only solution for those that want to op-out of the FED and their inflated $10 dollar bills. As of press time, Bitcoin remains rangebound in the low $60,000 level. The FED’s Quantitative Easing program, due to slow down with the beginning of tapering, was one of the main drivers of BTC’s price year-to-year rally. Related Reading | Fed Chair Says Still “Working on” Digital Dollar as China Pulls Ahead In that sense, some experts expect downside pressure as liquidity begins to be removed from the global markets. In the long term, inflation risk remains as a bullish tailwind for the benchmark crypto as institutional investors and people buy Bitcoin as a hedge against it.

submitted by /u/samdane7777 [link] [comments]

I've seen a lot of people here in Reddit complaining about the GAS price. I've noticed that Ethereum will switch to PoS, could this help to reduce GAS price or not? submitted by /u/Sgewux [link] [comments]

Hello guys, i have a general question and would like to hear your opinion… no doubt about Ethereums bright future, but Ethereum is the main currency in the NFT Space. As this business is going through the roof while still being fairly new. Could this boom help Ethereums price skyrocket? Greetings from 🇩🇪 😁 View…
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