Author: Coin Rivet
Multi-chain blockchain network SKALE has today revealed a $100 million ecosystem incentive program to rapidly increase the number of DeFi and NFT platforms being onboarded and built on its network. Called ‘SKALE MP’, the program will offer grants to developers building projects focused on blockchain gaming, play-to-earn (P2E) and metaverse games on SKALE. Being launched this Spring, the program will start with a $5 million trough in incentives for developers, and will also coincide with the launch of ‘SKALE v2’. Also referred to as the ‘SKALEverse’, the V offering includes a number of ‘gaming-optimised’ features for users on SKALE, including chain-to-chain transfers, scalable ecosystem hubs to drive further growth…
A group of venture capital companies have announced the launch of a $205m ecosystem fund to support developers building on ‘The Graph’ protocol. Among partnering industry operators who will use the protocol are Digital Currency Group, Multicoin Capital, Reciprocal Ventures, gumi Cryptos Capital, NGC Ventures and HashKey. Known as “the indexing and query layer of web3”, developers use The Graph to get the quickest access to accurate blockchain data via open APIs called subgraphs. According to The Graph, these APIs power certain decentralised applications (dApps) across more than 30 blockchain networks, representing a key piece of infrastructure in the web3 tech stack. With decentralised…
Banger Games has announced raising €10 million in order to become the first gaming hub that aggregates players’ gaming experiences, while adding a second layer of rewards based on in-game and community objectives. As the gaming industry has become more focused on profits, walled-gardens and microtransactions, and less on fun, Banger Games said its mission was to establish one shared currency and economy for gamers to free them from the current walled-gardens. It is hoped gamers will have opportunities to compete, challenge themselves, earn, trade and enjoy their gaming experience to its fullest. When asked about current needs in the…
Formula One team Oracle Red Bull Racing have signed a landmark deal with cryptocurrency exchange Bybit in what’s being touted as the largest ever crypto partnership with a sports team. The multi-year deal sees Bybit become a ‘Principal Team Partner’ and the official ‘Cryptocurrency Exchange Partner’ at Oracle Red Bull, along with the introduction of a number of collaborative efforts to boost fan engagement. Oracle Red Bull and Bybit will implement programmes offering racing fans “fan tokens” and other digital assets like NFTs alongside initiatives promoting ‘Tech incubators’, STEM careers and coding skills to new audiences. As part of the…
Ever since Bitcoin took its first leap into the financial world in 2009, the digital currency space has been on an incredible journey of growth. This growth has ensured that the digital asset ecosystem is expanding into other markets. It incorporates everything that lives within the crypto space, including a wide range of cryptocurrency tokens, non-fungible tokens (NFTs), stablecoins, products and services, and futures. The digital asset ecosystem (DAE) also makes traditional assets digitally available and accessible to potential investors and as a result, reduces their cost significantly. Investors in various sectors such as art, healthcare, insurance, Real Estate, gaming…
Microsoft has begun the search for a Director of Business Development to bolster the growth of its cryptocurrency and Web3 efforts. The position, which is part of Microsoft’s AI and Emerging Technologies team, holds responsibility for the growth of Microsoft products and services, with an “understanding of the Web 3.0 market” needed to help the tech giant navigate the emerging space. The new appointee will also help “lay the foundation to support and inform Microsoft’s Web 3.0 strategy” alongside better developing the “vision, strategy, and roadmap” for Microsoft’s Web3 partnership structure. In addition, the role requires a candidate with “working…
The Shiba Inu (SHIB) meme cryptocurrency has started reversing its downward trend and gaining momentum after the infusion of around $3.5bn. The token was today trading at $0.000027742, up a huge 22.49% in the last 24 hours and a total of 33.12% during the last seven days. As a result of a sharp price surge, SHIB’s market capitalisation rose by approximately $3.5bn in the previous week, rising from $11.43bn on February 1 to $15.28bn on Monday February 7. Earlier this month, however, it was reported that between January 28 and February 3 2022, SHIB lost 4,223 holding addresses, bringing its total number…
Crypto is often associated with wealth which is unsurprising given the monumental gains most tokens have made over the past few years. As Valentine’s Day approaches, the dating scene is heating up and a third of Americans surveyed said they would prefer to date someone who has mentioned crypto according to a recent survey by social trading platform eToro. Additionally, 74% of respondents said that they would be more interested in a second date with a person who paid the bill in Bitcoin (BTC). Money talksThe eToro study of 2,000 U.S. residents in early January revealed that nearly 20% of…
Alexandre Lores, director of blockchain market research at QE, reckons the next 10 years will prove to be a defining period in the relationship between gaming and cryptocurrency. “A large portion of gamers are actually mobile gamers and per one report, there are 2.7bn mobile gamers worldwide,” he explained. “With the growth of mobile users across the developing world, especially Latin America, Africa, and Asia expected in the 2020s, I believe these figures will explode over the next decade.” He added that, with nearly 40% of the population (2.7bn gamers out of 7.9bn people on the planet), involved with this…
DeFi still suffers from ease-of-use issues due to the legacy technical infrastructure, like Ethereum 1.0, upon which leading DeFi applications were built, says Josh Rogers, founder and CEO of digital investment platform Minterest. Rogers explained that interacting with DeFi still requires a high degree of technical understanding, from knowing the various networks, creating wallets and interacting with exchanges – both centralised and decentralised – to understanding how tokenised models operate and deliver value to users. “Competently using DeFi apps requires falling down a deep crypto rabbit hole in self-education, which acts as a barrier to entry for the potential user…