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Gomble Games Secures $10 Million in Cumulative Funding to Advance Ambitious Web3 Gaming Vision

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[PRESS RELEASE – Singapore, Singapore, April 2nd, 2024]

Web3 gaming platform Gomble Games, a spinoff of the renowned game studio ‘111%’, has now secured a total of $10 million in cumulative investment. Recent rounds saw Gomble receiving investments from Spartan, Hashed, IOSG Ventures, Foresight Ventures, BigBrain Holdings, and others. This follows on from the initial round back in 2023 which saw participation from notable global venture capital firms such as Binance Labs, Animoca Brands, Altos Ventures, and Shima Capital.

Gomble Games’s predecessor, ‘111%’, is responsible for producing viral hits like Random Dice and BBTAN, captivating a user base of over 100 million players in seven years. Gomble Games, however, will be focused on bridging the gap between the worlds of traditional (web2) gaming and its blockchain-based (web3) counterpart.

“At Gomble Games, we firmly believe in the power of collaboration and community in game development,” said Chris Chang, CBO at Gomble Games. “Our vision is to create accessible games that are not just played but lived, where every player’s input shapes the world they immerse themselves in through very easy and engaging casual gaming experience”

“This funding is a heartening testament to our commitment to bring the best of web2 gaming into the blockchain realm, focusing on an enhanced gaming experience, a sustainable economy, and motivated participation.”

Gomble Games’s approach to gaming is centered around three key elements: Dynamic Change, Reversal Opportunity, and Simplicity, which collectively ensure an engaging and continuously evolving gaming experience. The project aims to establish a self-sustainable economy where games generate revenue based on user engagement, creating a beneficial ecosystem that rewards both players and game developers.

Looking to the future, Gomble Games envisions the establishment of a participatory DAO (Decentralized Autonomous Organization), where users are not just players but active contributors in marketing, game production, and more. This inclusive model also extends to third-party developers, who will be integral to the ecosystem’s sustainable economic structure.

“By fostering a space where every contribution is valued and rewarded, we are not just creating games but building a community where everyone has a stake in our success,” added Chris Chang.

Kelvin Koh, Co-founder of Spartan commented: “With the boom in mobile gaming, we believe that hypercasual mobile games would be one of the main drivers of users into web3. The crypto-native Gomble Games team adeptly leads this charge as they combine the technical know-how to build addictive game loops with a deep understanding of the web3 gamer community. We are proud to back the team led by Chris, and cannot wait to experience what these creative geniuses have in the pipeline”

With this latest round of funding, Gomble Games is set to embark on a journey to transform the gaming industry, making it more fun, engaging, and rewarding for all involved.

About Gomble Games

Gomble Games is a web3 gaming project, a spinoff of the successful game studio 111%. With a focus on user participation in game development and an open community playground for web3 integration, Gomble Games is dedicated to bringing an enhanced gaming experience to the web3 world. Building on the legacy of 111%, Gomble Games aims to create skill-based, fun, and broadly appealing casual games.

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Ethereum Outpaces Bitcoin as Long-Term Holders Soar to 74.7%

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The long-term holder ratios for Ethereum (ETH) and Bitcoin (BTC) over time show a distinct trend in favor of the former.

As of now, 74.7% of Ethereum addresses belong to long-term holders, a figure that surpasses Bitcoin’s long-term holder ratio, which is hovering at just over 60%

Ethereum Leads in Holder Ratios

According to the latest data compiled by IntoTheBlock, the latest trend suggests that Ethereum holders exhibit a growing tendency to retain their assets for extended periods, likely reflecting confidence in ETH’s trajectory. The on-chain analytic platform stated that this trend is likely to continue until the leading altcoin nears its previous all-time high, at which point profit-taking behavior among holders could cause a decline in these ratios.

It is important to note that this trend of long-term ETH holders consistently increased throughout 2024 as well. During this period, the number of Bitcoin holders, on the other hand, declined.

In fact, IntoTheBlock’s previous data revealed that Ethereum’s long-term holder percentage climbed from 59% at the start of the year to 75% by the end of 2024. At the same time, Bitcoin saw its proportion of long-term holders decline steadily from about 70% to 62%.

Moreover, the choppy price action briefly resulted in Bitcoin’s plunge below $92,000 this week. The price has since recovered modestly as Bitcoin trades a little above $94,000. However, Bitcoin’s Funding Rate, which sheds light on the demand within the derivatives market, is still low.

Bitcoin Funding Rates Fall While Ethereum Eyes a Rally

As explained by CryptoQuant, for any price surge to be sustainable, Funding Rates must reflect strong demand. While a delayed increase in these rates during a rally isn’t uncommon, their absence raises questions about the market’s underlying strength. During the recent Bitcoin rally, Funding Rates spiked midway, indicating a delayed influx of demand.

However, these rates fell sharply after Bitcoin was rejected at the $108,000 resistance level last week. Such a trend signaled a weakening market sentiment and a waning bullish momentum. If Bitcoin fails to hold above the critical $90,000 support, it risks increased selling pressure and potentially deeper corrections.

Meanwhile, crypto analyst Ali Martinez revealed that Ethereum appears to be following an ascending parallel channel. Within this pattern, a potential dip to the lower boundary at $2,800 could serve as a key support level and a launchpad for a significant rally, possibly propelling the altcoin toward the $6,000 mark.

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Ripple (XRP) Developments, Optimistic Cardano (ADA) Predictions, and More: Bits Recap Jan 10

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TL;DR

  • Ripple’s stablecoin RLUSD gained adoption from top exchanges like Bitstamp, offering diverse trading pairs.
  • Cardano’s ADA rebounded to $0.97, with analysts predicting future highs between $6.45 and $7.
  • Bitcoin (BTC) fluctuated from $102K to $92K, now at $94.5K, with forecasts as high as $500K for 2025.

What’s New Around Ripple?

Ripple, the company behind the popular cryptocurrency XRP, continues to make huge waves in the digital asset space. Last month, it officially launched a stablecoin pegged 1:1 to the American dollar, called RLUSD.

The product triggered huge excitement across the community and received support from numerous leading crypto exchanges, such as Uphold, Bitso, Bullish, Moonpay, and others.

As CryptoPotato reported, the latest to hop on the bandwagon was the European-based Bitstamp. The entity added RLUSD on the Ethereum network, describing it as “a robust solution designed for institutional-grade financial use cases.” The exact trading pairs available to users are RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP. 

Earlier this week, Ripple’s president, Monica Long, said people should expect other well-known crypto exchanges to embrace the stablecoin “imminently.”

ADA Forecasts

The cryptocurrency market experienced a substantial retreat in the past few days, with Cardano (ADA) among the worst-affected tokens. Its price dropped from $1.14 on January 7 to $0.88 on January 9. The sector recovered some of the losses in the last several hours and ADA pumping to its current $0.97 (per CoinGecko’s data).

ADA Price
ADA Price, Source: CoinGecko

Meanwhile, numerous analysts believe the asset is poised for a real bull run in the near future. Dan Gambardello claimed that ADA has “one of the most bullish weekly pattern setups in crypto,” which represents an “inverse head and shoulders with upward sloping neckline.” He assumed that a breakout to the upside could result in a price rally to as high as $7.

For their part, Altcoin Daily made bullish predictions about multiple cryptocurrencies, envisioning ADA’s price hitting $6.45 sometime in 2025. 

BTC’s Price Swings

Similar to ADA, the primary cryptocurrency has also witnessed enhanced volatility recently. Recall that BTC surpassed $102,000 on January 7 but retraced below $92,000 two days later. The bulls managed to recover some ground, and as of this writing, the asset’s price stands at over $94,500.

BTC Price
BTC Price, Source: CoinGecko

Despite the significant fluctuations, many analysts on X remain optimistic that 2025 will be a highly successful year for the cryptocurrency. One popular X user suggested that BTC could skyrocket to $210,000 before Valentine’s Day, while another envisioned a massive spike to as high as $500,000.

Those willing to explore additional price forecasts and check whether now is a good time to enter the ecosystem as investors can take a look at our dedicated video below:

 

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SEED secures investment from Sui Foundation to build a 100M-user Web3 Gaming Ecosystem on Sui

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[PRESS RELEASE – Panama, Panama, January 10th, 2025]

Despite the billions invested in Web3 gaming as a key catalyst for mass adoption, the industry faces significant challenges from complicated onboarding to unsustainable growth. While Telegram Miniapps have gained traction as a promising solution, their shallow gameplay and lack of on-chain integration are major barriers for them to sustain. This is where SEED will stand out, combining engaging gameplay with true on-chain integration.

SEED has secured a strategic investment from Sui Foundation, the organization dedicated to promoting the growth of the Sui blockchain, to unlock its transformative potential in Web3 gaming. This collaboration is focused on building a next-generation on-chain gaming ecosystem that combines sustainability, scalability, and innovation. United by a shared vision, SEED and Sui seek to pioneer the first sustainable Web3 gaming ecosystem on Sui with 100 million users and establish a ‘blueprint’ for the future of Web3 games.

With over 60 million users, SEED App isn’t just looking for scalability and low fees. With the support of Sui Foundation, SEED will gain an opportunity to co-build and shape the future of mass-user gaming, a key area for blockchain growth. On Sui, SEED becomes an important part of the Sui ecosystem, working closely with a supportive team to research, innovate, and grow together.

Strategic Investment and Ecosystem Growth

From a Telegram Miniapp, SEED is transforming into a mass messenger-based on-chain gaming ecosystem centered around a groundbreaking game inspired by the global appeal of Pokémon Go. Enhanced with VR, AI, and true on-chain logic, the next version of SEED will offer immersive gameplay fully connected to the blockchain, surpassing the shallow mechanics of current Miniapps.

Beyond its flagship game, SEED’s vision extends further. The two companies will support a durable ecosystem of games and applications through the SEED Combinator Program for startups, creating a self-sustaining Web3 ecosystem. Furthermore, this collaboration includes a commitment to jointly research fully on-chain games, develop advanced tools and infrastructure for builders, and host initiative programs to support developers within the ecosystem.

“Our partnership with SEED reflects a shared vision of leveraging blockchain technology to improve the gaming experience,” said Christian Thompson, Managing Director of Sui Foundation. “By leveraging Sui’s innovative infrastructure and unmatched scalability, we are excited to co-create a self-sustaining Web3 movement that empowers developers and engages millions of users worldwide.”

“At SEED, we believe in partnering with ecosystems that drive real impact. Choosing Sui as our technical backbone, with its unmatched scalability, efficiency, and developer-friendly architecture, enables us to empower builders and accelerate innovation. With Sui, we’re equipped to deliver on our mission at a whole new level.” – Dees, CEO of SEED.

About SEED

From the leading Play-to-Earn Telegram Miniapp with over 60 million players, SEED is evolving into the top RPG in Web3 gaming, inspired by the success of games like Pokémon Go and Axie Infinity. Leveraging the power of VR, AI, and seamless messenger-based onboarding, SEED not only ensures mass accessibility but also creates an engaging and interconnected gaming universe.

Website | Twitter | Telegram Channel

Media contact:

Alex Zhang

alex@seeddao.org

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at unrivaled speed and low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, users can visit https://sui.io.

Media contact:

media@sui.io

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