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Casual gamers a ‘critical’ audience for blockchain games: GameFi execs
Many casual gamers are still reluctant to play games that use blockchain tech, but gaming execs believe one good game could change that.
The casual gaming market will remain a crucial audience for blockchain games and nonfungible tokens (NFTs) in gaming, according to three blockchain gaming company co-founders.
Casual gamers, people who play games somewhat regularly but rarely invest significant time, make up the largest segment of players in the industry.
Kieran Warwick, co-founder of the blockchain role-playing game Illuvium, called casual gamers “critical” because of the sheer number of them.
There are more than 3 billion gamers worldwide as of 2023, and it’s estimated that at least 1.95 billion are casual gamers, according to Exploding Topics.
Warwick said gamers interested in earning in-game yield, who are primarily from developing countries and are especially attracted to mobile gaming, are becoming increasingly important as well. Read More
How Web3 could revolutionize loyalty programs
Loyalty programs are great, and many consumers opt for certain brands because of these programs. But they can get better, and blockchain technology can improve.
Attracting and retaining customers have long been one of the major headaches for businesses all over the world. Companies use several ways to get these customers, and one such way is loyalty programs. These programs have been quite effective in retaining customers. But loyalty programs are not perfect. They have challenges, such as geographical limitations, limited reward options, complex redemptions, etc.
All these issues affect the overall effectiveness of loyalty programs. But Web3 and blockchain technologies like cryptocurrencies and non-fungible tokens (NFTs) can solve these challenges and redefine loyalty programs. Let’s discuss how.
Loyalty points are incentive programs businesses use to encourage customers to spend on their products. Users get more points based on how much they spend, which can be exchanged for more products or better quality services with the company. Loyalty programs are quite common, with everyone from airline companies and hotels to Starbucks offering one form or the other. Even credit card issuers now offer loyalty points.
Advocates of Web3 technologies are usually quick to point out its revolutionary capabilities for almost every industry. While sceptics can question this in other areas, blockchain technology has clear applications for loyalty programs. Read More
XRP staking scam
The cryptocurrency community has raised flags about a new fraud targeting XRP (XRP) investors via a phoney staking scheme.
Online fraudsters are mimicking big cryptocurrency organisations like Ripple and Binance by constructing phoney websites and email imposters promising to provide staking services for XRP.
One of these websites has a blog post with the headline "XRP staking slated to debut January 2023 for retail customers," in which users are invited to "stake" their XRP in exchange for returns on investment (ROI) that are implausibly high and range from 12 to 27 percent.
By claiming that a better return on investment (ROI) would be given to just the first 10,000 accounts, the fraudulent scam makes an effort to hasten the decision-making process of XRP investors.
The phoney website offers an accurate clone of Ripple's website, ripple.com, by reproducing the actual website's style and typefaces and connecting to some of Ripple's earlier blog articles. Read More
Keep an eye out for major company NFT trademark filings this year
NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.
Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.
Speaking to Cointelegraph, intellectual property lawyer Michael Kondoudis said while many people may think big corporations are just jumping onto the NFT trend as a novelty, “it is not possible” to register a trademark in the United States with no intention to use it.
Despite a relatively low cost for filing an application — ranging from $250 to $350 per class of goods/services — Kondoudis explained when a company submits a trademark application, it requires a sworn statement that the applicant has a “bona fide” intent to use the mark in the future for the listed products and services.
He noted, however, that these applications “undergo substantive review” and may be rejected for a number of legal and technical reasons.
2023 has already seen a string of major companies filing for NFT-related trademark applications and Kondoudis has been active on Twitter, bringing them to the public’s attention. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
Phantom Wallet Claims It Thwarted Over 18K Attacks
The developers of the popular Solana wallet say protecting its users from malicious attacks is a top priority.
After the latest high-profile NFT hack, this time taking down tech entrepreneur Kevin Rose, the security advantages of self-custody wallets were making the rounds on Crypto Twitter again.
On Wednesday, the creator of Proof and the Moonbirds NFT project was the victim of a phishing attack after the scammer sent Rose a message that leveraged permissions that he'd already granted to his MetaMask wallet on the OpenSea marketplace. When that message was signed, the thief used those privileges to drain over 40 NFTs, including an Autoglyphs NFT worth almost $500,000, from his wallet.
A tweet responding to Rose pointed out that the popular Solana cryptocurrency, Phantom, had warned its users of a malicious website and blocked the website that had snared Rose. The wallet developer responded, “we got your back.”
Like MetaMask, Phantom has a browser and mobile app that users can use to purchase, buy, or send their favourite NFT collections. Read More
Polkadot restates its case that DOT has ‘morphed’ away from security status
The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.
The Web3 Foundation, which supports the Polkadot protocol, has again presented its argument that its native DOT token is not a security. In a Twitter thread, the foundation emphasized its efforts to comply with U.S. securities laws, as well as Securities and Exchange Commission guidance on digital assets, and declared that DOT had successfully “morphed” and is software, not a security.
The Web3 Foundation reposted an excerpt from a December Twitter Space where Angela Dalton, identified as an adviser to the foundation, described how representatives accepted the SEC’s invitation to “come in and talk to us.” Subsequently, the foundation claimed:
“The Foundation made sure the SEC's full vision of token morphing was addressed, […] as well as taking steps to manage the distribution of the DOT token so that no individual holds a large percentage of the network, turning down purchases from VCs interested solely in investment purposes, and promoting the tech but not the token.” Read More
After Mocking the Price Model, Crypto Advocates Discuss Bitcoin's Rainbow Chart Reintegration
On a few occasions last year, crypto advocates discussed how a number of price models, leveraged to help predict the future value of bitcoin, ended up failing. However, since bitcoin’s value has increased by 36% over the last month, the price has entered the darkest band of the rainbow chart after breaking below the rainbow chart’s lowest band at the end of 2022.
Bitcoin’s Rainbow Chart Is Making the Rounds Again:
Last year, specifically in Aug. 2022 and then at the end of the year, the cryptocurrency community discussed the various charts and price models people used to predict where bitcoin’s price was headed next. Over the last decade, a number of the models have followed bitcoin’s specific price patterns pretty closely. People would often leverage charts and models like the rainbow indicator, the golden ratio multiplier, the Fibonacci sequence, logarithmic growth curves, and Plan B’s stock-to-flow (S2F) price model.
As the community felt the grip of the crypto winter and the price models failed to forecast bitcoin’s price bottom, people started to dismiss the bitcoin price models and mock indicators like the rainbow chart. But this week, people have noticed that bitcoin’s price on the rainbow model has entered the lowest and darkest band. Read More
GAIMIN Delivers a Decentralized Approach to the Increasing Requirement for More Data Processing Power
The worldwide demand for data processing is increasing year-on-year, with data processing applications requiring ever-increasing performance from data processing devices and services. Industries, such as Artificial Intelligence (AI), video rendering, powering blockchain computations, scientific simulations and research, financial modelling and analysis, weather analysis, medical imaging and healthcare and autonomous vehicles are all increasing their demands to collect, store, analyze, manipulate and extract data, delivering real-time results.
There is a need to make sense of the vast amounts of data being generated through the increasing use of data-driven technologies and services. The higher the performance of a device combined with the greater the number of devices undertaking the task, the quicker the result or outcome is provided. As real-time systems demand immediate results, the performance of data processing becomes critical to the delivery of the service. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
