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Web3 Gamer: Earn Bitcoin in Minecraft, BGA’s 50/50 gender split, Oath of Peak hot take

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Minecraft gets the Bitcoin treatment

It seems like Minecraft has been around since the invention of computers, and there is a reason for that. Along with its official free updates, which provide extra content, the Minecraft ecosystem has an incredibly active community, helping it stay up to date. Thanks to the game’s open-ended gameplay, there is tons of community-built content available to enjoy.

Have you finished the standard content of the game? Then why not relive the industrial revolution with custom-built mods? Or enter a competition to see who can build a construction first against hundreds of others? There is a server for that. Pokemon in Minecraft? Pixelmon! 

And if you want to earn Bitcoin in Minecraft? Welp, you can even do that now.

Bitcoin integration for Minecraft with Satlantis and Zebedee partnership.
Players can earn Bitcoin in Minecraft with the partnership between Zebedee and Satlantis. (Zebedee)

A community-operated Minecraft server by the name of “Satlantis” has integrated Zebedee’s gaming tech that lets players earn Bitcoin by completing in-game quests inspired by real-life BTC mining. Players in the server can join in-game mining pools, collect ASICs (popular hardware tailored for Bitcoin mining) and increase their hash rate to win block rewards. What a cool way to educate traditional gamers on the basics of Bitcoin!

Players can withdraw their earnings to Zebedee’s app, where they can spend their gains on other games made by the company or move them to exchanges that support Bitcoin’s layer-2 Lightning Network.

Don’t get your hopes up for buying a Lambo with your earnings from building pixelated wonders. The server will give out a total of 1 million satoshis — equal to one hundred millionth of a BTC — per week. That’s around $300 per week divided by God-only-knows how many people. While it isn’t much, it’s a start that could become a trend. 

The Bitcoin-friendly integration is an unofficial one, and neither Satlantis nor Zebedee is affiliated with the Minecraft developer Mojang Studios. The studio itself is pretty down on Web3, having previously banned Minecraft NFT integrations. Time will show how this integration fairs against the ban.

Blockchain Game Alliance ramps up diversity efforts

Diversity is a surprisingly new topic in the world of video games. Most major publishers had not even released a diversity report as recently as 2021. In 2022 Activision Blizzard gave itself five long years to meet its goal of 50% women and non-binary employees.

Members of the Blockchain Game Alliance, a key organization promoting Web3 and blockchain gaming, voted to install a gender-balanced board, with three men and three women. And the newly elected BGA board of 2023 is made up of all new faces.

Blockchain Game Alliance 2023 board members
Blockchain Game Alliance 2023 board members. (BGA)

They are Leah Callon-Butler, director of consulting firm Emfarsis; Yasmina Kazitani, chief marketing and partnerships officer at Interverse; Christina Macedo, co-founder and chief operating officer at Ready gg; Hideaki Uehara, director of business development at Square Enix; Mariano Rubinstein, CEO and co-founder at Sura Gaming; and Alex Kosloff, head of business development at Altura.

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As an avid gamer, I will be watching with interest to see if the make-up of the new board can help progress and innovation across the Web3 gaming space.

Sega not a fan of P2E but developing a blockchain game

The makers of all-time favorite franchises Sonic and Yakuza have had an on-again, off-again relationship with blockchain technology. Sega announced plans for NFTs as play-to-earn (P2E) rewards last year. Later, they stepped off the gas after a backlash from fans, who considered the initiative a money grab.

This year, Sega is also walking both sides of the street. Shuji Utsumi, co-chief operating officer at Sega, called blockchain games “boring” and said the Japanese gaming giant wouldn’t be using its biggest titles in blockchain gaming projects.

However, Sega has announced a partnership with Line Next to bring its classic games to GAME DOSI, a Web3-friendly blockchain gaming platform. In light of this announcement, Utsumi clarified that investing in Web3 projects is within the company’s strategy but that they don’t intend to be a Web3 company but rather a “Web 2.5” one.

LINE NEXT signs memorandum of understanding with SEGA to develop game for GAME DOSI
LINE NEXT partners with SEGA to license and bring a classic game to the Web3 gaming platform GAME DOSI. (LINE)

As everyone’s aware, the mainstream gaming community is unenthusiastic about blockchain games and sees them as a temporary trend fueled by hype and speculation. Players are concerned about money grabs and the short lifespans of Web3 games, so it’s understandable Sega doesn’t want to put its big titles in an area where it has little-to-no experience. 

While some skepticism is warranted, it doesn’t mean blockchain technology won’t ever find its footing in the gaming industry. Multi-billion-dollar tech companies are aware of the possibilities Web3 gaming brings and know the importance of getting in on the ground floor.

Sega’s decision to test the water with its smaller IPs is a thoughtful and measured approach that respects its legacy while navigating the uncharted terrain of Web3 gaming. 

Studio’s $15M funding from Binance Labs for Web3 dino game

Binance’s venture capital and incubator arm Binance Labs has invested $15 million in Web3 gaming startup Xterio. The company labels itself as a “free-to-play-and-own” game developer and publisher, meaning the games are free to play, and players are able to earn and keep NFTs. In August last year, it raised $40 million in funding from investors, including FunPlus, XPLA and now-extinct FTX Ventures.

Xterio seems to have a lot of experience on the gaming front, with Web2 gaming industry veterans on its founding executive team from companies including Ubisoft, Krafton and NetEase. There are 11 games in its repertoire, ranging from Age of Dino — a massively multiplayer online 4X (explore, expand, exploit, and exterminate) strategy game that features dinosaurs — to Overworld, a cross-platform sandbox RPG with anime-inspired graphics.

Xterio is developing an “emotion engine for AI,” with an aim to enhance player immersion by equipping game characters with realistic and dynamic emotional responses — The Matrix and the whole AI takes-control scenario were way ahead of their time.

Web3 Game Overworld by Xterio
Overworld promotional art. (Xterio)

The company uses AI very actively as they host an AI toolkit for developers and are creating a digital companion game called AIpal which is entering its beta phase later this year.

Hot take — Oath of Peak

The undeniable success of Genshin Impact — a Chinese MMORPG with cute graphics and fast-paced action that was released on virtually every platform except Casio Scientific Calculator — sparked off a trend of introducing every possible bit of Chinese mythology to Western audiences among developers. 

Oath of Peak
Oath of Peak promotional art. (Oath of Peak)

Oath of Peak, an action MMORPG game that diversifies with its Web3 elements, seems to capitalize on that itch. Available on iOS and Android platforms as a free download, the game offers an epic world that’s easy to get familiar with, thanks to its cute graphics. 

Similar to other massively multiplayer games, players can pick from five different classes with fully customizable avatars. The game offers melee, assassin, ranger, mage and support characters — nothing groundbreaking. 

With the recently-added English language support, it wasn’t hard to find my way around the colorful island. After completing some quests, I realized one cool thing about the game: it doesn’t shove its Web3 features at the player. Sure, the game has NFT monsters and a utility token that’s exchangeable with in-game currency, but it doesn’t become prominent until after players are invested in the game in terms of time and effort.

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If you are in the market to check some new games with familiar mechanics, it’s worth taking a look at Oath of Peak, now available globally via app stores or its APK. It’ll only take 15-20 minutes for you to understand whether it’s a game for you or not anyway.

More from Web3 gaming space:

— Eyeball Games, led by the team behind Miniclip’s 8 Ball Pool, has announced the launch of their blockchain-based mobile game, Eyeball Pool, on the Immutable platform in early 2024.

— Polygon Labs’ president, Ryan Wyatt, is transitioning to an advisory role after over a year with the company. Polygon’s chief legal officer, Marc Boiron, will succeed Wyatt as the new CEO.

— MetaGalaxy Land introduced the pre-alpha version of its metaverse platform, which utilizes Unreal Engine 5.

— Major League Baseball became one of the first professional sports leagues to own a virtual world. Improbable, a metaverse tech firm, announced the new virtual space called “MLB virtual ballpark.”

— Immutable has introduced OBS, its first Web3 racing game, as the latest addition to its game lineup.

— Telescope Labs launched a comprehensive range of AI-driven solutions tailored for Web3 gaming, empowering gaming enterprises with the necessary resources to construct robust virtual economies.

— Sweat Economy, a move-to-earn initiative, has revealed the introduction of Sweat Hero, an in-app game and NFT experience within their platform.

Erhan

Erhan Kahraman

Based in Istanbul, Erhan started his career as a gaming journalist. He now works as a freelance writer and content creator with a focus on cutting-edge technology and video games. He enjoys playing Elden Ring, Street Fighter 6 and Persona 5.

Cryptocurrency

Bitcoin Rejected at $110K Despite US-China Trade Deal and Favorable CPI Numbers: Market Watch

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Despite the positive news on the US-China trade front and the CPI numbers in the States, bitcoin’s price failed to capitalize and has fallen by over two grand.

Most altcoins are also in the red today, with DOGE, SUI, ADA, LINK, TRX, and AVAX posting big losses.

BTC Stopped at $110K

After last Friday’s violent correction amid the rising tension between US President Trump and former ally Musk, when BTC plunged below $100,500, the primary cryptocurrency was actually going strong for a while. It managed to recover all losses by the weekend and started to gain traction at the start of the current business week.

Bitcoin spiked to $110,500 on a few occasions as the week progressed, and the latest example came yesterday when the asset came just over a grand away from tapping a new all-time high.

The macroeconomic scene improved as the POTUS said Washington and Beijing are very close to a trade deal, while the US CPI data for May was more favorable than expected. However, BTC failed to keep climbing and was quickly stopped at the $110,000 mark and pushed south by over $2,500.

As of now, it still trades below $108,000, and its market cap has slumped to $2.140 trillion. Its dominance over the alts stands still at 61% on CG.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts in Retreat

Most altcoins registered impressive gains in the past several days, so it’s rather expected that red dominates the charts today. Ethereum, which recently painted a multi-month peak, is down by just over 1% and trades at $2,750. XRP has lost the $2.3 line and is below $2.25 after a 4% daily decline.

Even more painful declines come from the likes of DOGE, TRX, SOL, ADA, SUI, LINK, and AVAX, with daily drops of up to 6-7%.

SPX is once again the top gainer today, having surged by almost 9%, while JUP, FET, and SEI lead in terms of value lost.

The total crypto market cap has shed over $70 billion and is down to $3.510 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Spot Ethereum ETFs Outshine Bitcoin with $240M Daily Flow

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Spot Ethereum ETFs have outpaced their Bitcoin counterparts, raking in $240 million in net daily inflows on Wednesday, June 11.

This figure eclipsed the $164 million flowing into BTC ETFs, marking the first time Ethereum products have led daily inflows since the launch of U.S. spot crypto ETFs 18 months ago.

Ethereum Breaks Through

The shift, hailed by analysts and echoed across social media, is seen by some as a potential turning point in institutional crypto adoption, fueled by unique catalysts driving capital towards the second-largest digital asset.

“As far as I can remember, this is the first time this has happened,” noted prominent crypto commentator CryptoMe in a post on X, highlighting the historic nature of the flows.

Data compiled by SoSoValue shows a consistent trend building over recent weeks. Ethereum ETFs have now enjoyed 18 consecutive days of net inflows, culminating in the near-record $240.29 million haul. The crypto-linked investment products now boast $3.74 billion in cumulative net inflows, $830.98 million in total daily trading volume, and $11.05 billion in net assets, making up roughly 3.25% of Ethereum’s market cap.

The top performer, BlackRock’s ETHA, contributed just over $163 million on June 11 alone and leads all Ethereum ETFs with $5.13 billion in cumulative inflows.

In comparison, while still dominant in absolute terms, spot BTC ETFs appear to be facing diminishing momentum. Despite some $45 billion in cumulative inflows and almost $132 billion in assets under management (AUM), net inflows have softened over the past week. After a mid-week rally on June 10, where the ETFs brought in $431.12 million, flows tapered off, dropping to $164.57 million on June 11.

Even BlackRock’s flagship IBIT, which recently shattered records by becoming the fastest ETF in history to surpass $70 billion in AUM, is now experiencing moderated daily volumes, down to $1.89 billion yesterday.

Regulatory Clarity, DeFi Potential Spark Inflows

Market watchers have pointed to a combination of factors to explain Ethereum’s sudden surge in the spot ETF space. These include optimism in the decentralized finance (DeFi) sector following recent remarks by U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins directing the agency to explore rule amendments to accommodate on-chain financial systems.

Other key drivers include a perception of ETH as an undervalued asset as well as institutional spillover from Bitcoin ETFs. Regulatory clarity, particularly regarding Ethereum’s classification, appears to be easing institutional hesitancy.

Furthermore, ETH’s stronger recent price performance, up 5.4% over the past week compared to BTC’s 2.9% gain, and 12% over the last month versus the king cryptocurrency’s 4.9%, is reinforcing the undervaluation narrative, especially with Bitcoin trading just 3.8% below its recent all-time high while Ethereum remains 43.5% below its peak.

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XRP Price Suffers Again but Can June 16 Change Everything for Ripple?

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TL;DR

  • Alongside the rest of the crypto market, Ripple’s native token has headed south with a 3% daily decline that has pushed it to $2.25.
  • The XRP Army, though, remains bullish on the asset’s future price performance, especially since a key date in the legal case between Ripple and the SEC is approaching.

Save the Date: June 16

It has been nearly three months since Ripple CEO Brad Garlinghouse triumphantly announced on X that the legal spat between his company and the US securities regulator had effectively come to an end. Although both parties indeed reached an agreement regarding the payment Ripple has to make, Judge Torres rejected their joint motion, which would have extended the lawsuit, and there is no official conclusion yet.

Judge Torres argued that the agency and the company failed to file the motion correctly under Rule 60. As of now, June 16 stands as the most crucial date for a major update about the potential resolution between the two, as the SEC must file a status update with the US Court of Appeals by that date.

Numerous XRP Army members outlined the significance of the date, including perma-bull John Squire. He asked his over 500,000 followers whether Ripple’s XRP will finally get regulatory clarity after Monday.

It’s worth noting that this is not a “settlement or bust” date for the case, but it’s an important deadline for a procedural update. Any real settlement would still require Judge Torres’s final approval, which could take more time.

Will XRP’s Price React?

Although June 16 could have significant implications in the legal case between Ripple and the SEC, market experts believe it won’t have a big positive impact on XRP’s price movements. After all, the hype surrounding the closure of the case has come and gone, and investors have already factored its resolution. However, there could be further pain on the horizon if the case is extended again, as it has been in the past.

For now, XRP’s price struggles at $2.25 following a 3% daily drop. Still, the XRP Army continues to be highly bullish on the asset’s future price trajectory, marking some mindblowing targets like the one below.

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