x
Image Source: Pixabay
Solitaire, Counter-Strike, Snake: How casual gaming could be a ‘huge’ Bitcoin on-ramp
Gaming companies Zebedee and Thndr are taking advantage of the Lighting Network, atop Bitcoin, to entertain and onboard gamers into Bitcoin.
You can now play Solitaire, Snake and even Counter-Strike to earn Satoshis, tiny fractions of Bitcoin (BTC). Cointelegraph spoke to executives at Thndr Games, a play-to-earn (P2E) company built around Bitcoin and Zebedee, a gaming platform that will “Transform gaming with the power of Bitcoin.”
Thanks to the Lightning Network (LN), a layer-2 payment solution built on top of Bitcoin, instant microtransactions of Sats can pay out to gamers across the globe quickly. “This genuinely fixes a need in gaming,” Ben Cousens, chief strategy officer at Zebedee, told Cointelegraph.
Zebedee offers Bitcoin and LN support for popular games such as Counter-Strike: Go. They promote casual gaming and the creation of inviting environments that could “Bring people into Bitcoin in a way that surprises them,” Cousens explained.
For THNDR, which released a Solitaire-style mobile game on Monday, the rollout of popular, casual gaming types is also about onboarding people into Bitcoin. They actively target gamers in emerging markets as well as female audiences. Read More
Intellectual property has an awkward fit in Web3 decentralization — Lawyers
IP rights will continue to be an area of conflict within Web3 and NFTs, but there’s no easy solution, lawyers told Cointelegraph.
Intellectual property (IP) rights will continue to be a growing area of tension within Web3 and nonfungible tokens (NFTs), as IP rights often rely on a single “identifiable entity,” while Web3 is more often decentralized.
Speaking to Cointelegraph, David Kappos, a partner at Cravath, Swaine & Moore LLP, said that IP is traditionally “owned by an identifiable entity, which makes it necessarily centralized from a legal viewpoint.”
Kappos suggested that the tension between IP and decentralization does not have a clear solution, asking “how does a DAO really own the IP of the protocol it is supposed to govern?”
Over the last year, there have been several lawsuits against NFT projects alleged to be violating IP, copyright and trademarks.
When asked about third parties creating digital artworks or wearables of branded products, Kappos suggested that “an unlicensed implementer in a Web3 environment should refrain from creating a wearable that is confusingly similar to a brand owned by a third party — the same as in the real world.” Read More
OpenSea Expands To Layer-2 Rollups With Arbitrum Integration
Leading NFT marketplace OpenSea has announced that it would be integrating Ethereum scaling solution Arbitrum.
According to the announcement, the leading NFT marketplace plans to launch the layer-2 solution on the 21st of September. Once the deployment is complete, Arbitrum will join other prominent networks on the OpenSea marketplace, alongside Solana, Ethereum, Polygon, and Klaytn.
Two Leading Projects Come Together:
Arbitrum’s launch on OpenSea will see two leading projects come together. Arbitrum is among the top Ethereum scaling solutions, also known as Layer-2 solutions. According to data from L2BEAT, Arbitrum has around $2.5 billion of value locked in smart contracts. Meanwhile, OpenSea has firmly established itself as the leading NFT marketplace in the crypto space, with data from DappRadar showing the marketplace as registering over $32 billion in trading volumes.
OpenSea announced the news of the integration on Twitter, describing it as the first step in building a Web3 future. The NFT marketplace tweeted,
“We’re excited to share that OpenSea will soon support. This is a first step in building our goal of a web3 future where people have access to the NFTs they want on the chains they prefer.” Read More
Yield Guild Games: Web3 gaming adoption needs a local touch
YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in.
The blockchain-based gaming industry will need to look at localized strategies to attract Web3 gamers, says decentralized gaming guild Yield Guild Games (YGG).
Speaking with Cointelegraph at the 2022 Tokyo Games Show last week, Andy Chou, YGG’s head of ecosystem development, and Brian Lu, partner of Taiwan-based venture capital firm Infinity Ventures Crypto (IVC), gave a rundown of YGG’s plans moving forward, including how it is using its subDAOs.
YGG was initially launched in the Philippines in late 2020, but following an early-stage investment from IVC, the duo teamed up to expand YGG across the globe via subDAOs, initially starting in Southeast Asia.
As per YGG terminology, SubDAOs act as a “specialized, miniature economy that interacts with a larger, all-inclusive economy” under the YGG umbrella. They were introduced into the YGG ecosystem around July last year.
While many may associate YGG with its Philippines-based outfit that offers scholarship programs for play-to-earn (P2E) games such as Axie Infinity, the guild has gradually been expanding to other countries and regions such as India, Japan, Brazil and Latin America through the use of subDAOs. Read More
Also, Updates On New Integrations And The Markethive Wallet
As the bear market continues with its crypto-cleanse and traders bemoan the adverse price action, some industry leaders opine these conditions will eradicate bad actors and create more significant opportunities for upcoming projects and future participants. Several leading crypto analysts and engineers embrace the idea that this is the time to engage in moves leading to the loftiest gains when the bull cycle returns.
Markethive stands firm with these sentiments and continues to build its next-generation entrepreneurial platform and be ready for the market-cleansed bull run. Those on the Markethive journey may be aware that new features are being integrated into the newsfeed in preparation for the five-channel dashboard housing various feeds.
The innovative five-channel dashboard integration will consist of five newsfeeds—the general newsfeed, the blog, the video channel, curation, and surveys.
It will significantly streamline your activities and business facilitation and will include a search engine so you can build your personal algorithms. This will save time and effort by eliminating what you don’t want to see in your newsfeeds, be more intuitive, and enhance the user experience.
CEO of Markethive, Thomas Prendergast, and the team of engineers have made substantial headway with the wallet. It is all but done, and the release is imminent. It’s not a simple wallet that just transfers coins. It is a complete portfolio and accounts of all your transactions, payments, and affairs, including your ILPs. The wallet comprises fourteen major foundational processes and is your internal wallet on the Markethive database. Read More
Coinbase to hand out ENS usernames to simplify wallet transactions
Users can get a username through Coinbase Wallet’s browser extension and use it to send and receive crypto tokens instead of the traditional address.
As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames to replace their traditional Coinbase crypto wallet addresses.
In a post, the exchange announced that it will be handing out free “name.cb.id” usernames. Through Coinbase Wallet’s browser extension, people can claim their new address and use it for their transactions. With this, users can send and receive crypto tokens using the simplified name instead of the usual 42-word alphanumerical address.
The exchange also said in the announcement that this is a necessary step in creating a more open financial system for the world. According to Coinbase, the use of “human-readable” usernames is a step toward making Web3 more user-friendly. The firm highlighted that simplified usernames help erase the anxiety associated with sending tokens and nonfungible tokens (NFTs) using traditional wallet addresses.
Apart from being user-friendly, Coinbase argued that users can benefit from the usernames in terms of having a foundation to build their online identity. However, the firm also recognized that this is only the first step and that there are more to be done in terms of “identity-related gaps” that need to be addressed before Web3 can onboard billions of users. Read More
Crypto insurance market expands with decentralized and centralized options
Crypto insurance is becoming more important as investors and crypto companies look to secure their digital assets.
Insurance is key for financially securing important assets. Yet, the cryptocurrency sector — which is predicted to reach a global market size of $4.94 billion by 2030 — may be lagging behind when it comes to insuring digital assets.
For instance, it’s been noted that less than 1% of all crypto investments are currently insured. This statistic is alarming, considering the rapid growth and high-risk profile associated with today’s cryptocurrency market.
Ben Davis, team lead for digital assets at Superscript — a British startup and Lloyd’s of London-licensed insurance broker — told Cointelegraph that crypto has been marginalized when it comes to insurance solutions.
“Superscript has spent years focusing on insurance for emerging tech fields. I lead a team that focuses specifically on crypto and never in my career have I seen an industry more marginalized,” he said. Although the cryptocurrency sector is advancing, Davis believes that it continues to lack insurance solutions due to the industry’s strong financial focus. He said:
“Crypto is tackling something very fundamental, which is money. But, as a society, we tend to shy away from this topic. When a technology sector focuses on hard questions relating to value and exchanging money, insurance underwriters tend to move away from this conversation.” Read More
NFT Marketplace OpenSea to Integrate Ethereum Scaling Solution Arbitrum
OpenSea has slated a September 21 launch for Arbitrum, adding to the four existing chains currently on the marketplace.
Leading NFT marketplace OpenSea has announced it will add the layer-2 Ethereum scaling solution Arbitrum.
Following successful deployment tomorrow, Arbitrum will join four existing networks on the marketplace: Ethereum, Solana, Polygon, and Klaytn.
OpenSea noted that popular NFT collections Smolverse, GMX Blueberry Club, and Diamond Pepes would be among the first uploaded onto the marketplace.
The firm advised that “creators will need to find their collections in OpenSea and set their creator fees directly,” ideally at the time of launch.
The integration comes amid temperate monthly trading volume on OpenSea, hitting levels not seen since last summer. Read More
Binance to Open Two Offices in Brazil, Company Hints at Debit Card Launch
Binance, one of the biggest crypto exchanges by volume traded, has announced its expansion plans for Brazil. The exchange will open two new offices in the country to host 150 employees, who will be able to choose if they want to work in-office or remotely. The company also hinted at the launch of a debit card in the future.
Latam countries like Brazil are becoming more and more important for cryptocurrency exchanges all over the world, due to the boom that crypto is experiencing in the region. Leading cryptocurrency exchange Binance has recently announced it will open two new offices in the country. However, according to reports, employees will have the choice of working in these offices or completing their tasks remotely.
The two new offices, which will be located in Rio de Janeiro and Sao Paolo, will reportedly be shared co-working spaces, with the function of supporting the growing number of Binance employees in Brazil. While at the beginning of this year the company had only 60 employees there, this number has more than doubled, reaching a headcount of 150. 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.
