Category: Cryptocurrency News

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As blockchain technology weaves golden threads into exciting new use cases, promising solutions like cryptocurrencies, NFTs, and DeFi are continuously gaining more attention, cementing themselves as significant contributors to overall ecosystem growth. Amidst this growing marketplace, blockchain gaming is another promising sector that has proven its potential. Because blockchain games facilitate the play-to-earn (P2E) model, there has been a surge in demand for such games, partly driven by the economic crises due to the Covid-19 pandemic. Per data from the BGA Blockchain Game Report, more than 840,000 unique users joined at least one of the available play-to-earn games, growing the aggregate usage by 121% in terms of unique and active wallets between June and July 2021. The Early Days The early successes of blockchain games like Huntercoin, Crypto Kitties, and Axie Infinity, among others, brought a paradigm shift in how in-game asset ownerships work via NFTs, native tokens, and virtual asset marketplaces, paving the way for a fully decentralized global gaming economy. For instance, one of the oldest companies in the blockchain gaming scene, XAYA, has been involved in blockchain development since 2013. The company is credited with launching the world’s first blockchain game, Huntercoin, in February 2014. By design, Huntercoin was a fully decentralized Massively Multiplayer Online (MMO) game running on its own blockchain. It was originally introduced as a live experimental test to see how blockchain technology could handle fully functional game worlds. Following this experience, the team behind XAYA spent several years doing research and development to come up with a scalable and permissionless blockchain that can run multiple game worlds like Taurion. Fast forward, and XAYA has teamed up with GeekyAnts to bring Soccer Manager Elite, the premier sports management game, into the blockchain ecosystem. From inaugurating the world’s first blockchain game to creating an ecosystem of products and services that facilitate blockchain games, XAYA is setting the foundation for the upcoming wave of play-to-earn and NFT games. XAYA co-founder Andrew Colosimo holds an optimistic view of the blockchain gaming industry, noting, “I think in 2022 we will start to see the emergence of more complex blockchain games. We are currently limited to games that are not necessarily fun but more focused on staking and with trivial game mechanics. I believe we are going to see the blockchain industry matching the standards of traditional games in terms of playability while integrating blockchain on various levels, for example, by utilizing NFTs or by the games themselves being fully decentralized.” Peering Into The Present By leveraging blockchain technology and the concept of tokenization, the current generation of blockchain games empowers the global gamer community with several income generation opportunities. Take Splinterlands, for instance, a blockchain-based trading card game that has shattered every record, establishing itself as one of the fastest-growing blockchain-based digital card games of 2021 after expanding its user base by almost 55.46% between September and October 2021. Unlike other trading games, Splinterlands has created its digital cards using NFT technology, which grants it real value, even outside the game. These cards are tradeable on secondary marketplaces, and depending on the rarity and demand, each card can fetch its owner significant sums. Not only is the game free to play, but it also creates lucrative products for revenue streams and generates earnings opportunities for the players. Remarking on the future of blockchain gaming, Dr. Jesse “Aggroed” Reich, Splinterlands co-founder and CEO, stating, “what feels like a craze now is really just the start of a tidal wave of change in the industry. This is a one-way valve where players that have experienced asset ownership and appreciation won’t go back to free to play. It’s a new era and has barely started.” A Peek Into The Future Of Blockchain Gaming Given explosive year-on-year growth from 2020 to 2021, there is no denying that next-generation blockchain technology will open up the next significant chapter in blockchain gaming, delivering not only a computing revolution but also a monetary revolution. According to a report by InvestGame, a total of 489 deals involving gaming companies have been closed and announced within the first six months of 2021, four times the total deal flow in the first half of 2020. The total estimated value of these deals reached $50.2 billion, raised via public offerings, acquisitions, and investments. Moreover, the NFT craze isn’t going to fade anytime soon. Accordingly, the future of blockchain gaming is promising, and we will see more P2E games going live, new metaverses and collectibles, thousands of new users, and the emergence of platforms that facilitate blockchain games and dApps. Bluzelle is one such platform that is fully prepared to tackle the wave of new blockchain games by allowing dApp developers to store their sensitive data on its decentralized data delivery network (DDN). The team behind Bluzelle has developed an enterprise-grade database network from scratch that includes both a database and data caching services. Video games demand speed, a lag-free experience, and security – all of which Bluzelle provides through its DDN. By combining decentralized technologies with edge computing, Bluzelle offers a faster and more secure internet while addressing all the pain points every dApp developer encounters, namely the choice between the high cost of blockchain data storage or the vulnerability of centralized solutions. When asked about the future of blockchain gaming, Bluzelle CEO Pavel Bains concludes, “Games are becoming more online and global. 2021 was the year crypto game mechanics proved itself out. As a result, more talent has come in, and more games are being developed. In 2022, we’ll see more games going live for people to play and bring in more users. The security and the performance needs of those types of games, as more of them come out, are going to have to rely on decentralized technology.” Source: Canva

A lot of activity for Harmony ONE at the minute, new ATH & getting into the top 50. Harmony ONE Roadmap is looking very exciting for the remained of the year and into January. November 2021 – January 2022 ChainLink Mainnet Integration Bitcoin Bridge 1Wallet as client library – The library should allow developers to…
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SCRT and SHIB surge to new highs, while CRV’s rally breaks a nearly year-long sideways trend.

Lots of posts about everything reaching ATHs, big green dildos all around and what to do with the gains. As much as I am happy for everyone in the green, many of my holdings have decidedly not reached ATHs. I'm not talking about shitcoins but projects I'd consider solid like VET, UNI, LINK, ADA. I…
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These past few days have been a great ride with coins hitting new all-time highs. I'm sure some are still holding on to their coins and some are taking profits by completely selling all their holdings on a coin or reducing their positions. I myself sold some by converting to stablecoin but I'm still hodling…
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TLDR: Buy shares of any lawmaker's NFT. Funds stay locked in the contract until that lawmaker tweets an eth address. The tweeted eth address then becomes the only account allowed to claim the funds. ​ Video Demo: Heads up, I'm bad a video editing ​ Screenshots: Users purchase shares of NFTs. Half of the funds…
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GAMEE, the hyper-casual blockchain gaming subsidiary of Animoca Brands, today officially launched Arc8, a play-to-earn mobile esports platform that already has 1.3 million registered users. Arc8 provides high-engagement, skill-based casual games powered by Polygon’s full-stack Ethereum scaling solution. With today’s full launch of Arc8, players can access 10 casual games on the platform, allowing them to…
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Wall Street has previously not been at the forefront of bitcoin trading in the past. However, that looks poised to change. The approvals of three bitcoin ETFs in the past week have brought about more institutional interest in the digital asset and Wall Street brokers are starting to turn their attention to the cryptocurrency. The first Bitcoin ETF recorded trading volumes of over $1 billion on its first day. This success has not missed the radar of Wall Street. Analyst Christopher Brendler sat down with Coindesk to talk about the future of bitcoin in Wall Street. According to Brendler, Wall Street brokers are getting increasingly positive about BTC investments. It is important to note that bitcoin has outperformed both the Nasdaq and the S&P year-over-year, as seen in a report from Wealthier Today. Interested In Bitcoin And Mining Brendler had previously collated data on how the bitcoin mining industry was being viewed by players in Wall Street. He found that brokers had a positive view of the industry in the short term. Brendler estimated that about 15% of Wall Street brokers from the payments side of things were beginning to take investments in the cryptocurrency more seriously. This number at been at a meager 5% of Wall Street brokers at the beginning of the year. Related Reading | American Singer Mariah Carey Offers Free $20 In Bitcoin To Promote Adoption Interest has mostly grown due to the growth of bitcoin in the past year. The asset whose price had been below $30,000 at the beginning of the year had grown over 100% to a new all-time high in October. BTC price suffers beatdown from $63K | Source: BTCUSD on TradingView.com The asset itself has not been the only one to record tremendous growth in recent months. Mining stocks have also benefitted from the market rally. The report stated that mining stocks Marathon Digital and Riot Blockchain have seen growth up to 1,500% and 600% respectively in the past year, considerably higher than the  377% of BTC in the last year. Institutional Investors Are Pouring In Institutional investors have continued to pitch their tent with bitcoin. This has translated into more interest in the market from Wall Street brokers. Bendler noted some skepticism from these investors. However, they still remained bullish on the digital asset in the long term. “While most investors are still new to this area, there was also quite a few already involved and able to dig deep into our new coverage,” said Bendler. Related Reading | Analyst Puts Bitcoin Bottom At $50,000, Here’s Why As interest from Wall Street grows, it is expected that we will see more inflows in bitcoin. The money coming in will help to drive the price of bitcoin both in the short and the long term. Bendler explained that the investors familiar with the market were bullish crypto miners. Although they erred on the side of caution when it came to valuation in the space. This has, however, not caused them to shy away from the space. With returns from the crypto market beating out traditional investment vehicles, it is only a matter of time before Wall Street is fully invested in the market. Featured image from Ethereum World News, chart from TradingView.com