Category: Cryptocurrency News

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“We’re strongly advocating for the core of the open metaverse to be decentralization, interoperability and creator-generated content,” says The Sandbox founder Sebastien Borget.

The working group weighed in on the side of the Finance ministry in a call to regulate, not ban crypto.

Im not a NFT hater at all. Heck i even own some myself. But most NFT's will all be worthless in a few years, with this i mean the simple cartoon NFT's with no utility or use at all. Ofcourse NFT's from brands, and well known artist might retain their value. And NFT's with gaming…
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Hello Everyone ! I am making a DApp using ETH blockchain and want to use flask with it . is there a way to do so ? submitted by /u/ChadOfCulture [link] [comments]

When a propane gas heater stopped working, Bitcoin mining came to the rescue of a cold caravan in Colorado.

Even in times of war, the intrigue and enigma that have always surrounded Bitcoin – the world’s most sought-after digital asset – still hog the headlines. In cases like these, Russia’s protracted invasion of Ukraine has put the entire cryptocurrency market to the test multiple times over. Despite a decline in the price of Bitcoin since November, the digital asset is still on course to hit the vaunted $100,000 per coin mark, according to the CEO of a cryptocurrency and blockchain hedge fund management firm. $100,000 Still A Possibility For Bitcoin Joe DiPasquale shared his viewpoints about Bitcoin’s role in the Russia-Ukraine war and his bullish forecast for the cryptocurrency markets in the coming months. According to the Bitbull CEO, despite the gloomy mood that has dominated the crypto markets since the start of the year, Bitcoin is still on course to hit $100K within the next 24 months. DiPasquale stated that the year 2023 is “a fair bet” and that people may require some time this year to “relax and let off some steam.” Biden Crypto EO Lifts Bitcoin On Thursday, a robust Wall Street surge — mixed with anticipation about US President Joe Biden’s cryptocurrency executive order — aided in the recovery of digital currencies such as Bitcoin, which gained nearly 10% to around $42,000. Speaking of “safe bets,” it appears as though DiPasquale’s positive prognosis for Bitcoin carries a lot of weight, particularly now that the US government has expressed a strong interest in crypto and its potential to reshape the financial status quo. Related Article | Yellen’s Positive Remarks About Biden’s Crypto EO Push Bitcoin Past $41,000 BTC total market cap at $741.70 billion on the daily chart | Source: TradingView.com “The devil will be in the details,” according to Ryan Selkis, founder and CEO of Messari, a cryptocurrency research platform. “While we’ll have to wait and see what the big regulators suggest in the months ahead, this is a positive move, and there were no red lights on the first read,” Selkis added. Bitcoin As A Currency Following the outbreak of the Russia-Ukraine conflict, Bitcoin displayed a mixed reaction, initially plunging alongside stocks but then making a significant recovery. Many questioned if cryptocurrency could still be called the digital equivalent of gold. “We need to view Bitcoin as a currency, not as digital gold, but as one that is not subject to the whims of a central bank and instead has a very limited supply,” DiPasquale said. Individuals are adopting cryptocurrencies in order to mitigate the effects of financial turmoil on both sides of the conflict. Evading Sanctions There are growing concerns that Russia’s elite will attempt to dodge Western sanctions through the use of cryptocurrencies. According to analysts, Russia may shift to Bitcoin mining — an industry in which President Putin previously declared that Russia has a “competitive edge” — or to the use of non-compliant exchanges, a tactic currently exploited by Russian hackers. As has been the case with a number of other analysts in recent weeks, DiPasquale believes bitcoin is unsuited for that purpose. Related Article | Leading News Outlets In Ukraine Aim To Secure $1 Million By Selling NFTs Featured image from NaijaGreen Movies-Music, chart from TradingView.com

The gaming industry showed great resilience during the 2020-21 pandemic period, adding more than 300 million new users and $180 billion in revenue. Gaming is considered the hottest sector globally, and it is expected to reach a valuation of $320 billion by 2026-27. Thanks to the digitization of communities and the increase in mobile penetration worldwide, all age groups have a massive interest in gaming. It has become the ultimate form of entertainment and engagement on the internet. Over the years, gaming was treated as a leisure activity with zero financial upside. Players are the ones who usually pay thousands of dollars for in-game items and other premium gaming products. The return on that investment is not quantifiable outside of social status in digital communities. Well, that is now slowly changing with the emergence of play-to-earn gaming. By leveraging the underlying blockchain technology of NFTs and the metaverse, P2E games are providing skilled players a new avenue of monetization. Unlike the corporate-controlled Web 2.0 games, blockchain gaming promotes player-owned economies, giving power back to the players. How Play-to-Earn is Changing the Gaming Dynamic In the traditional gaming world, players spend countless hours honing their skills and advancing to higher levels of competition. In return, they don’t get any kind of compensation or reward. One hundred percent of the revenue generated is distributed among a few developers and game publishers. The value created by players is never on display. By transitioning to the blockchain world, the long-standing economic structure and value distribution change forever. In a play-to-earn game, players have full control over their in-game assets, backed by true ownership of NFTs. They can be treated as any other digital collectible with a secondary market. So players can sell them at a marketplace and gain value in tokens or their desired currency. Furthermore, play-to-earn games are community-driven, meaning the roadmap and game mechanics evolve based on community interactions and suggestions. In traditional gaming, it is the complete opposite. Few centralized entities hold all the power to decide the game’s future. In fact, they can even ban players from using third-party marketplaces to exchange in-game items. The play-to-earn movement is also not limited to only gaming activities. Within the metaverse, one can create many revenue-generating opportunities like renting real-estate or licensing games. According to Grayscale’s metaverse report, the annual revenue generated from metaverses could exceed $1 trillion in the foreseeable future. So the digital economies created in the crypto landscape via play-to-earn are better alternatives to traditional gaming. Comparing Pay-to-Play vs Play-to-Earn One type of game is making big moves when it comes to gaming and leveling up from pay-to-play and play-to-earn. Penguin Karts translates the mechanics of typical pay-to-play kart racing games to Web 3, transitioning to play-to-earn and allowing players to benefit in the physical world. Penguin Karts is a play-to-earn racing game with a P2P battle environment, staking features, and online gambling platform. To ensure users get utility and rewards from the NFTs, they can be staked and payouts come in the form of Fantom, on which the game is built. Players can earn unique kart skins, accessories for their Penguins and other rare and super rare swag for a personalized racing experience. Traditional racing games allow players to earn coins, and unlock different parts in terms of the in-game economy, Penguin Karts offers so much more. Players can build and host their own tournaments and choose to hold private events or promote them publicly, rental fees are paid in the PGK token and a % is returned to the treasury for continued expansion of the ecosystem. A trip to the races, even when in the metaverse, would not be complete without a sportsbook, so spectators will be delighted to know they can place bets on their favorite drivers. Creating NFTs that have real utility is very important to the Penguin Karts team, the Genesis Penguin 2D editions will provide early access to the game in beta, and will be able to be staked to earn loot. When launched, the 3D NFTs can be used as custom avatars in the game and also staked. The goal is to provide value to the gamers, investors and inside the game but also with true value outside the game in NFT marketplaces such as OpenSea. Is Play-to-earn the Biggest Driver for Crypto Adoption? It is evident how much better an economic model blockchain gaming has created than traditional gaming. When player-owned economies show signs of sustainability, more gamers will likely transition to the web 3 world. As NFTs and gaming are more compelling than DeFi, we may see a much faster adoption rate with P2E games than any other crypto market sector.

The new owners of LimeWire aim to “make things right” with the NFT marketplace and promises to give music artists freedom over their content.