Značka: Wax

Traditional firms likely won't be leading the charge in the next generation of Web3 games — WAX CEO

Traditional firms likely won't be leading the charge in the next generation of Web3 games — WAX CEO

podľa | nov 3, 2022 | 0 |

Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. Speaking to Cointelegraph at a Web Summit panel in Portugal on Nov. 3, Quigley said “trying to build a video game using a blockchain is a pain in the ass,” clarifying that many of the products on the market are based on browsers but utilize in-game digital assets on the blockchain. The WAX CEO added that nonfungible tokens, or NFTs, had given independent developers an edge in gaming, allowing them to conduct presales and raise needed funds.“For the most part, the people who are building [blockchain-based games] today are independent game developers,” said Quigley. “Big, triple-A title video game companies haven’t yet embraced it, and probably for good reason — they’re not sure what the revenue model’s going to be; they’re not sure how it’s going to change their game.”He added:“I actually think the first big games that have multimillion persistent users daily — those will come from new startup studios. I doubt they will come from the traditional video game market.”WAX co-founder and CEO William Quigley speaking at Web SummitAlso on the Web Summit panel, Gamee co-founder and CEO Bozena Rezab said NFT pre-sales may offer some benefits, but held the potential to “trap” developers by putting them in a binding relationship with gamers looking for a certain product. Quigley said that many traditional gamers “cannot stand NFTs” for “pollut[ing] the game play” — something that could slow down companies looking to adopt blockchain-based games.“The biggest sort of new thing on the horizon that could allow blockchain-based games to take off would be augmented reality, virtual reality,” said Quigley. “When that happens I suspect the principal revenue model for AR, VR games is going to be something like a tradeable item, an NFT or whatever we’ll call it. That, I think, will be the next big bump up in users.”Related: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadarAs the crypto and blockchain space continues to grow, ​​so too have the number of options available to users interested in having the technology integrated into their favorite games. SupraOracles reported the market capitalization of the 5 most used in-game tokens was roughly $25 billion in February, with the total gaming market predicted to reach more than $583 billion by 2030.

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Blockchain-based games see an uptick in users despite bear market conditions

Blockchain-based games see an uptick in users despite bear market conditions

podľa | júl 12, 2022 | 0 |

Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out. While most investors are focused on the latest centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market.Total number of unique active wallets interacting with smart contracts. Source: DappRadarAs shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be the most resilient at retaining users as the bear market intensified. Transactions continue to riseFurther proof of the continued engagement by gamers can be found by looking at the number of transactions occurring in the top sectors of the market. Total number of transactions sent to smart contracts. Source: DappRadarWith a current count of 173.17 million, the number of gaming-related transactions is significantly higher than any other sector of the market, with the second closest sector being decentralized finance with 8.86 million. As for which protocols contribute the most to the transaction count, WAX, Hive, BNB Smart Chain (BSC), Solana (SOL) and Ronin are the most active, led by WAX with a current transaction count of 158.23 million. Total number of transactions per protocol. Source: DappRadarWhile the total value transacted remains dominated by exchanges, a growing number of users currently active in the crypto ecosystem can be found in the gaming sector. WAX and BSC attract new usersData shows that users are specifically drawn to WAX and Binance Smart Chain, which saw 2.94 million and 2.49 million users. Total number of unique users per protocol. Source: DappRadarAlien Worlds on WAX and BNB Chain currently holds the top spot with 196,700 users, followed by Splinterlands with 147,820 active users. It’s also worth noting that the top three games in terms of active users operate on WAX. Top 6 games by the number of active users. Source: DappRadarWhile it has fallen far down the list, Axie Infinity (AXS) has consistently been one of the most active games for the past year and a leader in terms of the value transacted. Related: Volumes surge 205% in Axie revival as co-founder claims project is ‘healing’Gaming is bigger than music, movies, and TV combined. It’s compounding 10% year on year.The $100bn a year spent “renting” items is going to turn into a trillion dollar ownable economy. All of it will be built on web3. pic.twitter.com/TQz6xxa8hx— Robbie Ferguson ⓧ – Hiring! (@0xferg) June 30, 2022Despite the sharp correction in blockchain gaming-related altcoins, gaming has proven to be one of the more resilient sectors in terms of retaining active users. This fact, combined with the rising popularity of the gaming industry, suggests that it’s one sector that has the potential to lead the way into the next bull market. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Gaming industry to have a 'blockchain-connected' future, studio execs say

Gaming industry to have a 'blockchain-connected' future, studio execs say

podľa | mar 15, 2022 | 0 |

With blockchain slowly finding its way into the video gaming industry, sector veterans and executives of nonfungible token (NFT) blockchain WAX believe that there will be more connections between games and blockchain networks in the future.In a Cointelegraph interview, WAX head of publishing David Kim and WAX Studios head of game studios Michael Rubinelli shared their insights on NFTs, the metaverse and blockchain gaming.According to Kim, despite having less search interest on Google, engagement with games, the metaverse and NFTs is not dead. “On the WAX blockchain, we saw a doubling of the number of sales transactions at the start of Q4 2021, and it has remained elevated ever since,” he said.“I’m not sure if the ‘hype’ will go back up, but we believe that long term, interest in and engagement with metaverses and NFTs will grow ad infinitum as utility increases and security concerns are allayed.”On the other hand, when asked about the future of play-to-earn (P2E) gaming models, Rubinelli compared P2E implementation to the adoption of free-to-play and microtransactions within gaming. Having more than 20 years in the gaming industry, the gaming executive thinks that a similar pattern is playing out.“We believe strongly that there will be some element of play-to-earn or play-and-earn in most games within the next few years. Most of these will be blockchain-connected but not fully running on blockchain.”In a 2021 report published by the blockchain gaming alliance, a survey showed that many respondents share the same sentiment as the WAX executives when asked how much the blockchain industry is likely to leverage blockchain in the next two years.Source: Blockchain Gaming Alliance 2021 Survey ReportTalking about the challenges that blockchain games face, Rubinelli mentioned that scalability is still a major concern. “Right now, the biggest challenge is the lack of ability for most blockchains to scale,” he said.Related: Report: Axie Infinity accounted for nearly two-thirds of blockchain-game NFT transactions in 2021The gaming veteran noted that Layer2 solutions could not scale unless they are “100% dedicated to a single game such as Ronin for Axie Infinity.” He also mentioned the incident that when the game Sunflower Farmers’ userbase grew, “it ground Polygon to a halt.”Regarding esports, David Kim mentioned that most games playable on WAX are “too simple to be adapted to esports.” However, the WAX executive noted that there are games in development that could be adapted into esports.“There are multiple blockchain-connected games currently in development with an eye towards esports. These include Hearthstone-like card battlers such as Skyweaver, battle royales such as Hodlgod, and team-based first-person shooters such as The Forge Arena.” Kim noted that esports games need more time to be developed. According to Kim, only 9 months passed since Alien Worlds, Splinterlands and Axie Infinity showed that blockchain gaming can attract a lot of players. “You can’t develop the kind of sophisticated game mechanics necessary for esports in that amount of time,” he added.

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Nifty News: FLUF World and Snoop Dogg fundraise, Adidas and Prada NFTs, WAX gifts 10M NFTs

Nifty News: FLUF World and Snoop Dogg fundraise, Adidas and Prada NFTs, WAX gifts 10M NFTs

podľa | jan 23, 2022 | 0 |

There was so much Nifty News this week that a second round-up was necessary to catch up on the latest nonfungible token (NFT)-related news.FLUF World and Snoop Dog partner for charity FLUF World, Beyond VR studio and Snoop Dogg teamed up to raised over $1 million via a one-day charity NFT auction on behalf of the Kiwi nonprofit organization Auckland City Mission.Seven FLUF World NFTs were paired with seven limited-edition Snoop Dogg-themed Burrows designed by Beyond and sold on OpenSea. The partnership with the rapper included a 500 Snoop Dogg studio drop announced this past week. What. The. Fluf. Over $1 Million NZD raised in just 12 hours in our @SnoopDogg Burrow & Fluf Auction for the @AKcitymission. We’re blown away Thanks to our partner @beyondvrgames, all who gave generously and everyone who tuned in to show their support. We love you all ❤️ pic.twitter.com/0C1aYM3Vg5— FLUF (@FLUF_World) January 20, 2022Non-Fungible Labs, who own FLUF World first made a Christmas donation of $100,000 to Auckland City Mission last month. Just as Fluf avatars can find a home in Burrows in the metaverse, Aukland City Mission helps locals in need of housing.Adidas OriginalsAdidas Originals launches the ‘adidas for Prada re-source’ project in collaboration with digital artist Zach Lieberman on SuperRare. A majority of the proceeds from the NFT sales will be donated to Slow Factory, a non-profit organization and institute dedicated to improving sustainability and environmental literacy.Adidas and Prada invite their communities to share anonymized photographs to the open-Metaverse NFT project. 3,000 community-sourced artworks will be chosen and minted as NFTs. Digital artist Zach Lieberman will then compile the images as tiles in a single mass-patchwork NFT design. Contributors will maintain full ownership rights over their individual NFT tiles.Introducing adidas for @Prada re-source —an ambitious first-of-its-kind NFT project featuring user-generated and creator-owned art, in collaboration with digital artist @zachlieberman.3,000 tiles, 1 canvas. Play.Learn more at https://t.co/biHgWL4rQq#adidasforPradaNFT pic.twitter.com/bKBnmkWDWI— adidas Originals (@adidasoriginals) January 20, 2022

UNICEF celebrates 75 years with NFT collection On the eve of UNICEF’s 75th anniversary, the UN children’s agency launched its largest 1,000 data-driven NFT collection in support of internet connectivity at schools. So far $740,000 has been raised. The first 1,000 NFT pieces raised $550,000, and the pre-sale for a limited-edition piece and four others last week at a St. Moritz auction raised $140,000. UNICEF also secured an arrangement with secondary auction platforms to receive 20% royalty of all future sales, which brought in the additional $50,000 in one week, according to the organization. This royalty structure may allow UNICEF to continue raising funds for its Giga school-connectivity initiative via re-sales for years to come. Source: Patchwork KingdomsWAX to airdrop 10M NFTsWAX recently reached 11 million total wallets accounts on the WAX platform and decided to celebrate by airdropping a total of 10 million free NFT collectibles to the first 10 million wallet holders. This is the largest single NFT drop to date, according to the company, and will allegedly emit zero carbon emissions.The free NFTs span 10 different digital pins, each marking a different moment in WAX’s history. From its launch on Mainnet in 2019 to its WAX Cloud Wallet launches and its collaboration with AMC and Spiderman.Source: WAXOther Nifty NewsSocial media networks made NFT headlines this week as well. Meta reportedly plans to integrate NFTs on Facebook and Instagram profiles to allow their users to display their NFTs. Meta may also be in discussion about launching an NFT marketplace.Twitter, on the other hand, announced its rollout for NFT, hexagonal avatars. For now, only paid subscribers of Twitter Blue using iOS, which costs $2.99 per month, have access. Twitter users were quick to point out, however, that anybody can simply right-click-save any NFT from a Twitter profile, mint it, and then use it as their avatar.

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5 times quickfire crypto traders bought the news for double (or triple) digit profits

5 times quickfire crypto traders bought the news for double (or triple) digit profits

podľa | dec 11, 2021 | 0 |

Why do crypto traders “buy the rumor, sell the news”?Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming.But with rumors, there are no guarantees. Which can lead to disappointment and serious loss of investment for those traders who gamble that they’re true… and end up wrong.So how can you possibly compete with thousands of other market participants when important news actually breaks? You’d have to be one of the very first to know in order to catch the price before it spikes.Look at the examples below — the time between a closely-guarded announcement and a massive price spike of 144% can be just a few minutes!NewsQuakes™ on the Cointelegraph Markets Pro data intelligence platform allow you to completely outsource monitoring the crypto news space to AI. The machine learning algorithm automatically combs through thousands of relevant sources and instantly alerts members via mobile notifications when potential market-moving events are detected.NewsQuake™ announcements are snapped from primary sources such as exchange websites, Medium posts, or projects’ Twitter accounts, meaning that traders don’t have to wait for the media or their favorite influencers to turn raw information into a story.Extensive research has identified three types of news — exchange listings, staking, and partnership announcements — that are most likely to spark strong rallies.Here are  5 stories that alerted traders to massive profit opportunities in 2021… and a few dramatic illustrations of how NewsQuakes™ tipped off Markets Pro members.WAX (WAXP): +144% in 2 hoursWAXP price following Cointelegraph Markets Pro NewsQuake™Exchange listings reliably boost crypto prices, especially when it is a small or medium-cap coin being listed on a major exchange.On Aug. 23, before the news of WAXP’s listing on Binance came in, the token was trading at 18 cents. In two hours from the announcement, WAX’s price soared to reach 44 cents. In this situation, getting the news quickly was key. As can be seen in the chart, the NewsQuake™ alert (red circle) came in just before WAX’s price exploded.Decentraland (MANA): 111% in 96 hoursMANA price following Cointelegraph Markets Pro NewsQuake™It is now hard to believe that in March 2021, long before Facebook’s rebranding into Meta and the associated hype around the group of assets now widely known as metaverse tokens, MANA was trading at just $0.55. On March 12, the announcement of OKEx enabling margin trading for the asset got crypto investors stoked, and sparked a long rally that saw MANA go from $0.55 to $1.16 over the next four days. The earlier traders were in buying the NewsQuake™, the more profit they could have secured for themselves…Polygon (MATIC): +90% in 50 hoursMATIC price following Cointelegraph Markets Pro NewsQuake™On Feb. 23, in the middle of a cool-off that followed the first leg of the week’s big rally, the announcement of MATIC’s debut on Binance Staking gave the asset a powerful second wind. (The red circle indicates the Markets Pro NewsQuake™.) The resulting hike propelled the coin from $0.11 to its then-all-time high at over $0.21, an increase of 90%. Today, this can seem minor in the light of the token’s year-to-year return on investment of more than 11,000%, but on that day, traders were surely content with MATIC’s price “only” nearly doubling.VeChain (VET): +46% in 52 hoursVET price following Cointelegraph Markets Pro NewsQuake™A great example of impactful partnership news is VeChain’s announcement of its collaboration with the accounting firm PricewaterhouseCoopers that came up on Apr. 12. It was not a huge surprise that the news of the enterprise-oriented blockchain project getting access to the client base of one of the Big Four firms pushed the token’s price 46% up over the fours of two days.In this case, the NewsQuake™ from Markets Pro arrived significantly before the major rally.Amp (AMP): +42% in one hourAMP price following Cointelegraph Markets Pro NewsQuake™On Nov. 23, a post on Binance’s Twitter account announced that digital collateral token AMP was slated to be listed on the exchange platform. Markets Pro users received their near-instant NewsQuake™ alerts within seconds. It was a very clean breakout: Apparently, no-one front-ran the news, and the token’s price soared immediately following the public announcement, shooting up almost vertically from $0.050 to $0.071 in just an hour – a gain of 42%.Timing was key here, and those Cointelegraph Markets Pro members who got the news early thanks to the NewsQuake™ alert found themselves ahead of the pack.Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.

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NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

podľa | dec 8, 2021 | 0 |

The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa’s announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether and a handful of mid and low-cap altcoins are booking moderate gains.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Tezos (XTZ), WAX (WAXP) and Aleph.im (ALEPH). Ubisoft launches NFTs on Tezos Tezos is a layer-one blockchain protocol that includes a built-in mechanism that allows the network to evolve and upgrade over time without the need for hard forks. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XTZ on Dec. 5, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. XTZ price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for XTZ began to pick up on Dec. 4 and climbed to a high of 87 on Dec. 5, around 21 hours before the price increased 60.5% over the next two days.The surge in XTZ price took place after Ubisoft, one of the top three video game companies, announced that it would be releasing its first line of in-game playable NFTs on the Tezos network, beginning with Ghost Recon: Breakpoint.WAX welcomes Amazon and Mattel to its ecosystemWAX is a purpose-built NFT blockchain designed to provide brands with all the tools necessary to launch a NFT collection and make e-commerce transactions faste and more secure for all parties involved. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for WAXP on Dec. 4, prior to the recent price rise. VORTECS™ Score (green) vs. WAXP price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for WAX spiked into the green zone on Dec. 4 and reached a high of 81 around 40 hours before the price increased 84.8% over the next two days.The spike in momentum for WAXP comes as it was announced that Amazon had entered the WAX ecosystem after making an investment in the collectible marketplace Dibbs while it was also announced that three leading toy companies, Funko, Mattel and Hasbro, have partnered with WAX for “Sellout Collections.” Related: Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dipAleph provides analytics support for SerumAleph.im is a cross-chain protocol focused on the creation of a decentralized database including file storage, computing and a decentralized identity (DID) framework.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ALEPH on Dec. 5, prior to the recent price rise. VORTECS™ Score (green) vs. ALEPH price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for ALEPH hit a high score of 80 on Dec. 5, around 31 hours before the price increased 38% over the next two days. The climbing price of ALEPH comes after the protocol announced that it is now providing its indexing solution to the Solana-based decentralized exchange Serum, a move which should help to increase the ability to obtain DeFi analytics on the Solana network. The overall cryptocurrency market cap now stands at $2.373 trillion and Bitcoin’s dominance rate is 40.1%.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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