Connect with us

Cryptocurrency

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy

Published

on

NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
NFT-DeFi Based Momento Platform Shifts Play-to-Earn Economy
  • Momento ecosystem shifts the P2E economy.
  • Unique gaming platform allows players to use various NFTs in their game.

Momento is an NFT and DeFi ecosystem that shifts the P2E economy. Their unique gaming platform allows players to use various NFTs in their game, not only offering lucrative opportunities for players but also use-cases for NFTs that currently don’t have one.

The gaming industry has always been forward-leaning when it comes to the adoption of any new technology. Most innovations in technology easily find use cases with gaming, be it the adoption of high-speed internet, mobile-first interactive gaming, virtual reality, augmented reality, and more. It comes as no surprise that the gaming sector is one of the primary adopters of cryptocurrency too, especially since crypto mining initially became popular because of gamers who owned GPUs. Even NFTs found applications within the gaming space.

When it comes to Web 3.0, gaming is again at the frontier of it. Web 3.0 and cryptocurrencies enable business models in gaming which wasn’t conceivable before. This is possible through the acceleration of the Play-to-earn economy.

The Need for a Paradigm Shift in Gaming

The accepted paradigm in the industry has been that gamers play just to have fun, leading to an industry with players more than willing to pay to play. However, the new perspective enabled by cryptocurrency is that players can not only have fun while playing, but it can be a lucrative investment opportunity too.

Play-to-earn games like The Sandbox and have become widely popular owing to their extraordinary economic system. In traditional games like The Sims, a player can buy in-game assets with an in-game currency. However, both the in-game asset and currency do not have any use in the real world. There is no infrastructure for the liquidity of these assets, but this is where blockchain technology solves this problem.

The essence of the P2E economic system is to ensure that playing a game can be profitable and that a player’s time spent playing a game is rewarded. People have an avenue to be able to make money playing games and have its value compound over time. By playing a game regularly, players can earn more items or tokens to sell and generate an income. Blockchain helps guarantee the nature of collectibility of these tokens. Through NFTs it can be ensured that these assets are non-duplicatable and scarce.

Each play-to-earn game’s mechanism can differ, but usually, the reward mechanism comes in the form of staking, farming a game’s currency, or generating tradable NFTs. Although numerous online games exist with a fiat-based auction or secondary markets, the critical difference with P2E on cryptocurrencies is through the properties of the blockchain. It creates in-game economies and business models with blockchain’s inherent properties of provable ownership, legitimacy, and rarity.

Continue reading on CoinQuora

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Cryptocurrency

2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment

Published

on

2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment
2022 Will See a Boom in Artificial Intelligence and Machine Learning in Media & Entertainment

In its new whitepaper, 70 Technology Trends That Will—and Will Not—Shape 2022, ABI Research analysts identify 35 trends that will shape the technology market and 35 others that, although attracting huge amounts of speculation and commentary, are less likely to move the needle over the next twelve months. “The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year’s fortunes. This whitepaper is a tool for our readers to help shape their understanding of the key critical trends that look set to materialize in 2022 as the world begins to emerge from the shadow of COVID-19. It also highlights those much-vaunted trends that are less likely to have meaningful impact in 2022,” says Stuart Carlaw, Chief Research Officer at ABI Research.

What Will Happen in 2022:

A Boom for AI and ML

The role of AI and ML in the media & entertainment industry will increase significantly in 2022, with revenue forecasted to surpass US$ 9.5 billion in 2022 when video ad tech is included. Due to competitive pressures from direct-to-consumer services, it has become a necessity for incumbents (i.e., pay TV operators, broadcasters) to reduce costs, limit churn, and extract as much value from existing customers. AI/ML’s role here will increase to better target households with promotions, automate more workflows, and better secure the operators’ content and services.

AI/ML will also play a growing role in the ad tech space to improve personalization and contextually aware advertisements and serve as grounds for differentiation. This is especially critical following changes to third-party tracking devices (i.e., Identifier for Advertisers (IDFA) and third-party cookies) and increasing focus on privacy. The corollary of these trends is that the ad market will not suffer as severely as some had feared due to the changing privacy landscape.

What Won’t Happen in 2022:

The Metaverse Will Not Arrive Fully Formed

The metaverse, despite all the headlines and investments, will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a defined date of arrival. What we have today is a number of tech companies building their version of a “metaverse,” but this multiverse is not fully interconnected, does not yet widely employ open standards, and certainly has not fully embraced Extended Reality (XR)—all tenets of the metaverse vision (some would also add the crypto economy to the list, which is also not in place).

However, this does not mean that all this talk about the metaverse is premature, rather the tech industry will continue to lay the foundation and build toward this metaverse future. It may take the better part of a decade before that “completed” form of the metaverse begins to take shape, but there will be plenty of opportunity between now and then. When the metaverse does arrive, it will truly transform the way we live our lives and, in the process, generate tremendous opportunities for a host of technologies, including 5G/6G, edge and cloud compute, XR, and AI/ML.

For more trends that will – and won’t – happen in 2022, download the whitepaper 70 Technology Trends That Will—and Will Not—Shape 2022.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

Cryptocurrency

What is a honeypot crypto scam and how to spot it?

Published

on

What is a honeypot crypto scam and how to spot it?

Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like . Smart contracts are becoming more popular and valuable, making them a more appealing target for attackers. Several smart contracts have been targeted by hackers in recent years.

However, a new trend appears to be gaining traction; namely, attackers are no longer looking for susceptible contracts but are adopting a more proactive strategy. Instead, they aim to trick their victims into falling into traps by sending out contracts that appear to be vulnerable but contain hidden traps. Honeypots are a term used to describe this unique sort of contract. But, what is a honeypot crypto trap?

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

Cryptocurrency

Spreading holiday joy through charitable giving with cryptocurrency

Published

on

Spreading holiday joy through charitable giving with cryptocurrency

The holidays are the perfect time of the year for giving back, and the rise of cryptocurrencies has created even more opportunities for charitable initiatives. This was highlighted during Giving Tuesday 2021, the Tuesday after Thanksgiving which saw over $2.4 million raised in cryptocurrency from the nonprofit fundraising platform The Giving Block.

As crypto philanthropy becomes a new subsector of the cryptocurrency economy, some in the industry believe that crypto donations will only continue to increase. Alex Wilson, co-founder of The Giving Block, told Cointelegraph that last year the organization raised about $4 million in crypto donations, noting that this year, over $100 million in crypto donations will likely be received.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

Uncategorized20 mins ago

Damage in tsunami-hit Tonga hampering relief efforts

Uncategorized20 mins ago

Oil rises to more than 7-year high on Mideast tensions

Uncategorized20 mins ago

U.S. Senate panel to debate app store reform bill

Uncategorized50 mins ago

Asian Stocks Up, Investors Continue Monitoring COVID-19 Recovery but See “Positive

Uncategorized50 mins ago

N.Korea tested tactical guided missiles in fresh sign of evolving arsenal

Uncategorized50 mins ago

Bitcoin price can’t find its footing, but BTC fundamentals inspire confidence in traders

Uncategorized50 mins ago

United Airlines warns 5G plan would impact 1.25 million passengers a year

Uncategorized50 mins ago

Asia shares tick higher as spotlight stays on Fed

Uncategorized1 hour ago

Brent Crude Trades Near Highest Since 2014 on Tightening Market

Uncategorized1 hour ago

North Korea tested tactical guided missiles on Monday – KCNA

Uncategorized1 hour ago

Gold Steady as Investors Weigh Policy Outlook, Omicron Risks

Uncategorized1 hour ago

Panther protocol co-founder Oliver Gale discusses bringing zero-knowledge technology to multi-chain

403 Forbidden You don’t have permission to access /news/cryptocurrency-news/panther-protocol-cofounder-oliver-gale-discusses-bringing-zeroknowledge-technology-to-multichain-2740735 on this server. Apache/2.4.6 (CentOS) Server at www.investing.com Port 80

Uncategorized1 hour ago

Dollar fails to catch a lift from higher yields, Bank of Japan in focus

Uncategorized1 hour ago

Bank Indonesia to hold rates until second half of 2022 despite hawkish Fed

Uncategorized1 hour ago

Australia suffers deadliest day of pandemic as Omicron drives up hospital cases

Uncategorized2 hours ago

Oil Climbs With Geopolitical Unrest Returning as Market Tightens

Uncategorized2 hours ago

Propy rallies 227% as real estate NFTs become reality and PRO lists at Coinbase

Uncategorized3 hours ago

Explainer-Tonga’s volcanic eruption may harm environment for years, scientists say

Uncategorized3 hours ago

U.S. appeals court delays legal challenge to Texas abortion law

Uncategorized3 hours ago

After flying start, Stellantis must tackle Tesla and China

Uncategorized3 hours ago

Damage on tsunami-hit Tonga’s main island hampering relief efforts

Uncategorized3 hours ago

Australian consumers shellshocked as Omicron hits spending, growth

Uncategorized3 hours ago

Brazil’s Bolsonaro to visit Suriname and Guayana for talks on oil cooperation

Uncategorized3 hours ago

Major U.S. airline CEOs warn 5G could ground some planes, wreak havoc

Uncategorized3 hours ago

Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17

Uncategorized4 hours ago

Snowstorm strands motorists, grounds planes in eastern U.S., Canada

Uncategorized4 hours ago

From tuk tuks to COVID tests, YouTuber tests Bitcoin use cases across multiple countries

Uncategorized5 hours ago

Down, but not out: Here’s why Theta could be a breakout star in 2022

Uncategorized5 hours ago

Lawsuit against Amazon filed in tornado swarm that left 6 dead in Illinois warehouse

Uncategorized5 hours ago

Significant damage reported on Tonga’s main island after volcanic eruption

Trending