From mainstream gaming companies jumping in, to the relevance of NFT gaming models like play-to-earn (P2E) and move-to-earn (M2E), various industry professionals shared their insights on NFT gaming trends in 2023. Continue Reading on Coin Telegraph More
Yuga Labs, the company behind the famous Bored Ape Yacht Club (BAYC), took to Twitter to announce its launch of the skill-based mint ‘Dookey Dash,’ which is playable like an endless runner.The post Yuga Labs to Launch Skill-Based NFT Game ‘Dookey Dash’ appeared first on Coin Edition.See original on CoinEdition More
With the main interest rate staying at 6.75% for a fourth month in a row in January and inflation for December coming in lower than expected, markets’ focus has turned to when the National Bank of Poland (NBP) could start loosening policy.”I believe that the Monetary Policy Council will not raise interest rates this year, but at the same time I do not see room to lower them in 2023,” said Kotecki, who is a member of the central bank’s rate-setting monetary policy council.Kotecki said even talking about lower rates at the moment risked weakening the impact of monetary policy.Kotecki’s views follow comments last week by Central Bank Governor Adam Glapinski, who said he remained hopeful a rate cut could happen this year, despite still rising inflation rates.A statistics office flash estimate showed that inflation was 16.6% in December. Kotecki said that in 2023 average annual inflation will be around 14%, and it will peak in February at around 20%. After that, the price growth rate will gradually decrease and at the end of the year it may stabilise at a lower, but still double-digit level of 11-13%.”Then what about interest rates? Nothing. The MPC has de facto ended the hike cycle, although formally it is in a phase of monetary policy tightening. Talking about rate cuts at the moment is, in my opinion, a communication error,” that weakens the impact of monetary policy, he said.”It is like shooting yourself in the foot. Look what the Fed or the ECB are doing. They are deliberately exaggerating about how hawkish they will be, and we, pretending to be hawks, say that in a moment we will be doves,” he added.Kotecki believes that inflation will still be far from the inflation target of 2.5% plus or minus one percentage point in 2024 as well.”In my opinion, in 2024 inflation in the base scenario will still be around 10%. I don’t really know why it shouldn’t be like that. But when it comes to 2024, we have a lot more unknowns,” he said. More
The latest figures from on-chain analytics firm Glassnode shows a large swathe of the BTC supply heading “into the black” as BTC/USD passed $18,000.Continue Reading on Coin Telegraph More
Drone Racing League’s upcoming title, Project Drone Galaxy, will be a multiplayer drone racing experience in the metaverse in collaboration with Playground Labs.The developers behind the game are renowned for their contributions to building Web3 infrastructures. Playground Labs will be developing the play-to-earn protocol for Project Drone Galaxy and focusing on generating cash flows through player-driven gameplay economies. Playground Labs CEO Sam Peurifoy shared in a press release,”Project Drone Galaxy’s high-intensity esports-focused gameplay sets a new standard for web3 gaming and demonstrates what it means to responsibly integrate blockchain technologies in a way that puts users in the driver’s seat.”
The game will enable users to build and craft their drones and compete for digital collectibles and other rewards. Other mechanics involve players participating in fly-to-win games as animal avatars and competing against other pilots in a high-octane racing arena with POIs, barriers, and more. Project Drone Galaxy will launch in tandem with the 2022-23 DRL Algorand World Championship Season. The competition will showcase some of the world’s best drone pilots racing the fastest drones through challenging courses in real life, esports, and the metaverse. The season’s finale will take place in Miami, Florida, on February 25th. Moreover, DRL has announced that it will reward fans and developers interested in helping DRL develop Project Drone Galaxy with free digital drones. Anne Marie Gianutsos, Chief Marketing Officer of Drone Racing League, added, “The Drone Racing League is made for Web3. Our fans are avid enthusiasts of drones and blockchain, and as we prepare to launch Project Drone Galaxy powered by Algorand this year, we’re excited to unveil a teaser video showcasing our first metaverse game to come.”Despite leading the drone racing space, Drone Racing League is actively expanding. The racing league has released immersive and detailed games on mobile, PC, and console, and DRL’s lineup of games is applaudable for what they’ve achieved. It would be interesting to see the racing authority translate the quality of their existing offerings into Web3 and launch a similar game coupled with a player-driven economy. Find out about other Algorand projects:FIFA To Launch NFT Platform On Algorand (ALGO) Ahead Of The World Cup’s KickoffSee original on DailyCoin More
The Avalanche (AVAX) market has witnessed a positive uptick due to the company’s recent partnership with the cloud-computing platform Amazon Web Services (AWS), which aims to increase the widespread usage of blockchain technology.As of press time, the strong trend in the Avalanche market had successfully lifted the AVAX price by 22.60% to $15.30.As a result of the partnership, AWS will provide support for Avalanche’s infrastructure and decentralized apps, which will enhance demand for AVAX and boost the cryptocurrency’s popularity. It was due to this excitement that the market capitalization surged by 25.96% to $4,907,422,927 and the 24-hour trading volume jumped by 350.62% to $1,055,828,197.The post AVAX Price Soars High as AWS Partnership Draws Investors appeared first on Coin Edition.See original on CoinEdition More
The move comes amid a surge in interest from both the government and institutional investors in the region.Continue Reading on Coin Telegraph More
The Kava price analysis is dictating a sudden decrease in price after an already rising bearish trend. The bearish momentum that is increasing is likely to be seen in the near future, as the bulls remain sluggish at this point. The bulls were currently in control of the market a few hours before the price drop in today’s trading.If the bears keep up their momentum, then KAVA/USD can possibly go down to $0.7286 in the near future. However, also if the bull can put up enough pressure KAVA/USD can possibly go up to $0.761 in the near term.The post Kava Price Declines to $0.7468 After Bears Make Significant Moves appeared first on Coin Edition.See original on CoinEdition More
