Cryptocurrency
The Cloud Will Likely Power The Future Of Gaming And The Metaverse, But Will That Cloud Be Black Or Green?
Published
4 weeks agoon
By
letizo News
Gaming is one of the fastest-growing industries in the world. According to a report by the research firm Mordor Intelligence, the market is expected to reach $314 billion by 2026.
The traditional AAA gaming category is dominated by companies like Activision Blizzard Inc. ATVI and Electronic Arts Inc. EA. This traditional model of gaming, iterated on since the early days of arcades, is seemingly quickly being disrupted by new technologies.
Much of the buzz in the past year has focused on the advent of blockchain gaming and the metaverse. These models provide a way for the player to gain ownership over the time they invest in a game and the assets they earn within.
The metaverse allows players to engage with each other in increasingly immersive and social ways, transforming the space entirely. According to a report by Bloomberg, by 2024 the metaverse will represent an $800 billion opportunity. Game devs the world over believe this and are investing heavily in the space.
Both blockchain gaming and the broader metaverse rely primarily on cloud computing to function. This is a trend seen across the internet, with a significant portion of all data trafficked either stored or processed in the cloud. At present, a handful of centralized companies like Amazon.com Inc. AMZN Microsoft Corp. (NASDAQ: MSFT) essentially have a monopoly in the industry.
According to some experts, this brings a host of issues, but one of the most oft-overlooked — is their climate impact. These companies make bold and promising claims regarding their commitment to sustainability, but some argue that the claims often prove to be hollow. The basic functioning of these hyper-scale cloud providers can lead to massive amounts of waste from server farms that dwarf football fields. The servers sit idle and gobble up energy that all too often continues to be sourced from coal and other fossil fuel plants.
Furthermore, their efforts to offset their usage are reportedly effective only at times and can end up with negative results. The new forests they plant can become tinder for wildfires. A black cloud could be hanging over the polished image of Big Tech.
However, some newer tech companies believe there may be an alternative. The cloud computing platform Cudos is one example that says it thinks that the future is green and decentralized. Its platform distributes cloud-computing tasks across a vast global network of individual users, who offer the spare power of their already operating systems.
This is meant to result in the network using energy that otherwise would go to waste. This model challenges centralized hyper-scale providers favoring the use of existing devices that are often idle. This ensures that the model is more sustainable through hardware recycling and practically outage-proof thanks to its decentralized nature with thousands of nodes.
If you would like to know more about the network, check out https://www.cudocompute.com/.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured photo by Pero Kalimero on Unsplash
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Cryptocurrency
The Balance: Bitcoin bearish trend hasn’t stopped Americans from investing more in cryptocurrencies
Published
2 hours agoon
August 8, 2022By
letizo News
Analytical resource The Balance posted a report stating that 39% of U.S. investors have become more invested in cryptocurrencies, despite the bitcoin bearish trend.
According to the report’s author, these Americans are looking for new investment avenues to preserve their savings amid economic uncertainty.
Meanwhile, 41% of survey participants said they invested more in stocks, and about a third of them invested more in exchange-traded funds and exchange-traded index funds amid market uncertainty. Thirty-four percent of investors reported no change in their investment habits.
Slightly more than a quarter of investors surveyed admitted to investing less in assets. Nearly 20% of those surveyed admitted to investing less in cryptocurrencies this year. The report’s author argues that investing in cryptocurrency in times of uncertainty is more popular among young people.
Nearly half of millennials and Generation Z investors (age 41 and younger) said they prefer cryptocurrency – as opposed to just under a third of Generation X investors and older. The online survey was conducted from June 30 to July 9, 2022, and surveyed 1,200 Americans over the age of 18 who at least partially manage their finances.
However, according to Bank Of America, the number of active cryptocurrency users is down more than 50 percent from its peak last November.
Cryptocurrency
Cumberland: institutional investors give bitcoin growth predictions as high as $32,000 as early as 2022
Published
2 hours agoon
August 8, 2022By
letizo News
US market maker Cumberland conducted a survey of institutional investors and found that most respondents were making bitcoin growth predictions as early as this year.
It is worth emphasizing that most of those surveyed are convinced that the crypto market will continue its decline in the near future. Analysts stress that the value of the main coin in the world of cryptocurrencies can fall to 16000 dollars. After that, Bitcoin should quickly recover the lost positions. At the end of the year, the value of BTC could reach $32,000. Cumberland experts point out that investors remain bullish.
“Even with the current bearish trend, these results are not surprising. After all, those surveyed are trading cryptocurrencies, which means they believe in bitcoin. If they didn’t have this attitude toward BTC, they would continue to trade forex,” Cumberland analysts said.
Respondents do not expect any success in the stock market, despite the significant correlation between the stock and markets in recent months. According to institutional investors, the crypto market, at least in the near term, will depend significantly on the U.S. Federal Reserve’s decisions on prime rates and “other Fed moves.”
Cumberland analysts have previously said that the recovery of the market will be determined by the rate at which assets move from insolvent to solvent companies.
Cryptocurrency
Is dogecoin a good investment? Elon Musk: Dogecoin is much faster than the Bitcoin network
Published
3 hours agoon
August 8, 2022By
letizo News
Is dogecoin a good investment? The CEO of Tesla again spoke out in support of Dogecoin. He stressed that the “meme cryptocurrency” network can process significantly more transactions than the Bitcoin network.
During a conversation with a podcast host, the head of Tesla and SpaceX said that the popularization of DOGE is paying off. The coin is increasingly being used as a full-fledged means of payment. As you know, coins can be used to buy goods and pay for various services of several large companies. The most important advantage is the high speed of transactions. Usually it takes no more than a minute to process a transaction online.
“To be honest, I mostly support DOGE because this cryptocurrency has memes, dogs, the developers have a sense of humor, they don’t take the project too seriously. And with all that being said, it’s strange that though DOGE was invented just as a joke, the actual throughput of the Dogecoin network is much higher than Bitcoin blockchain,” said Tesla’s CEO.
Ilon Musk also reminded that Dogecoin’s inflation model allows it to issue 5 billion coins annually, while Bitcoin’s number is limited to 21 million. And this makes DOGE much more suitable for use as a payment currency.
Recall that Tesla sold most of its bitcoin holdings amid falling cryptocurrency markets.
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