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    Ubisoft Continues to Stand its Ground Regarding NFTs

    Previously, the creator studio of Assassin’s Creed, Far Cry, and Prince of Persia faced a rough unacceptance from the players. Previously, the company had brought an NFT drop to one of its games, Ghost Recon: Breakpoint, which was criticized by the community on YouTube and Twitter (NYSE:TWTR). On the other hand, the sudden partnership shows that Ubisoft is not going to stop the bringing mass adoption to big audiences. In his turn, the CEO of Aleph.im, Jonathan Schemoul, commented on this, “The incorporation of NFTs into a mainstream game is a revolutionary moment for NFTs. Dynamic NFTs have never been done before, and this marks the first time NFTs will evolve over time as various players use them in-game. Aleph.im is proud to be at the forefront of this new era where blockchain technology and decentralized solutions for NFTs play a pivotal role in traditional gaming.”
    Check the previous articles on Ubisoft’s wavering: Ubisoft is Pulling Back? Rotten Tomatoes Hit the Fan Ubisoft Becomes the First Big Gaming Studio to Bring NFTs to Its Games. Mass Adoption Has Begun! EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    HUMAN App Goes Live with a Flourishing Number of 200k Users

    HUMAN Protocol has recently launched the full release of the HUMAN App–a web-based application that shows how published works in the Protocol can be completed and accessed by distributed workforces.With 200,000 registered users, the HUMAN App is a gateway to work that is processed on the Protocol. Users use the app to accomplish data-labeling tasks and in exchange for their efforts, they are rewarded HMT tokens for each successful work.Not only is it a functional product, but also serves as a complete open-source implementation that allows users on the HUMAN platform to create their own solutions.At present, the HUMAN App runs on Polygon–which processes withdrawals–and Ethereum networks. In addition, it is a requirement for users to enter a Matic wallet address to withdraw their earned coins.Moreover, only verified accounts can initiate withdrawals. To have a verified account, users must do it through a third-party identification solution called Civic. Once set up, it can be linked to their HUMAN App accounts by following on-screen instructions. Furthermore, HUMAN Protocol Technology Director Harjyot Singh stated:Consequently, users should anticipate new updates and more tasks to be added to the HUMAN Application over time.Continue reading on CoinQuora More

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    Binance-Backed StarSharks Wraps Up Private Token Round with $4.65M

    StarSharks (SSS), a community-driven NFT-GameFi ecosystem based on the BSC chain developed by players, investors, and developers, has closed its private sale round with $4.65 million raised funds. Furthermore, the amount will be used to create exciting new games and take care of the community.Widely-known and prominent investors joined the previously held private placement. Some of them were: AC Capital, YGGSEA, Gate.io Labs, Krypital Group, 3 Commas Capital, UniX, Infinity Ventures Crypto, Banter Crypto, and Titans Venture, Everest Ventures Group, SL2 Capital, Hyperedge Capital, ICO Drops, YBB Foundation, Exnetwork Capital, Momentum 6, Genblock Capital, and Jsquare.Moreover, before the private sale took place, the venture capital arm and incubator of Binance–Binance Labs made a strategic investment in StarSharks. Built on the Binance Smart Chain (BSC), the shark metaverse was founded by former star performers from Timi Studio, Binance, and Google (NASDAQ:GOOGL).The project mainly focuses on disrupting the present GameFi landscape where assets are secluded in one game. Here, players, investors, and developers can mate, own, and trade shark NFTs within the ecosystem. What’s more, they can also smoothly and easily transfer NFTs from one game to another within the shark metaverse.In addition, users who are not able to afford to purchase NFTs can opt to rent one with StarSharks’ NFT leasing feature. This ‘rent-to-play’ function will wholly activate the utilization and liquidity of NFT assets. In simple terms, it bridges the gap between NFT holders who lack the time to play and active players who do not have enough initial funds to buy entry NFTs. Meanwhile, Franky, the CEO of StarSharks, expressed his thoughts:Continue reading on CoinQuora More

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    “You Have To Create Your own Coin for It to Work,” Binance CEO Explains

    Binance founder and CEO, Changpeng Zhao simply known as CZ took out time to answer a frequently asked question (FAQ) by many crypto inventors — one coin to rule them all or millions of coins? CZ chose the latter, supported by a lengthy article explaining the rudiments of creating tokens, and the benefits of issuing a coin.He says issuing a new coin can make an inventor some money from the initial sale (ICO, IEO, IDO) if they have credibility. However, the inventor can only get probably less than 0.1% of the total value.Moreover, CZ affirms that the real benefit of issuing a coin is that it creates a whole new ecosystem, from user interactions to user retention, and development of the ecosystem. He warns that it cannot be done using company equity (securities) or fiat currencies, or even using bitcoin. This implies that you have to create your own coin for it to work.Furthermore, he believes that people will continue to create new tokens for their project and there will be millions of tokens — some will succeed and some will fail. CZ advises that people should not create a token until they have product-market-fit.This means tokens should be an acceleration mechanism after they have built a product that people want. CZ also advises that crypto inventors should talk to Binance Labs before finalizing their plans and if the project is attractive, the Binance Labs team can review the token design.Continue reading on CoinQuora More

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    Global equity funds see big inflows as risk appetite rebounds

    According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in the previous week. Graphic: Weekly fund flows into global assets https://graphics.reuters.com/GLOBAL-MARKETS/gdvzymzkjpw/chart.png U.S. equity funds lured an inflow of $27.5 billion, while Asian equity funds obtained $1.8 billion. On the other hand, European equity funds saw an outflow worth $1.5 billion.Global stocks have made a strong recovery this week, after their downtrend earlier this month, buoyed by strong corporate earnings and reports that Moderna (NASDAQ:MRNA) Inc’s COVID-19 vaccine provides protection against the Omicron variant. Graphic: Fund flows into equity sectors https://graphics.reuters.com/GLOBAL-BONDS/xmpjonzjlvr/chart.png Meanwhile, global bond funds received $5.4 billion, after seeing outflows in the previous week. Graphic: Bond flows in the week ended Dec. 22 https://graphics.reuters.com/GLOBAL-MARKETS/egpbkozjzvq/chart.png Money market funds, on the other hand, saw an outflow worth $3.2 billion during the week, underscoring the positive risk sentiment.Among commodity funds, precious metal funds witnessed net sales of $578 million, their third consecutive weekly outflow. An analysis of 24,070 emerging market funds showed bond funds witnessed outflows of $89 million, while investors sold equity funds worth $1.8 billion. Graphic: Flows into EM equity and bond funds https://graphics.reuters.com/GLOBAL-BONDS/gdpzymznjvw/chart.png More

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    Just 1.3 million Bitcoin left circulating on crypto exchanges

    The decreasing supply is nothing new, trending down since the Bitcoin halving in 2020 when the BTC block reward was cut in two. BTC availability on exchanges followed suit, slowly trending down over the past year. Exchange wallets accounted for 9.5% of the BTC supply in October 2020, just before the 2020 Christmas all-time highs, and 7.3% in July this year. The 6.3% December figure is the lowest recorded in 2021.Continue Reading on Coin Telegraph More

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    Russian court fines Alphabet's Google 7.2 billion roubles

    Moscow has increased pressure on big tech this year in a campaign that critics characterise as an attempt by the Russian authorities to exert tighter control over the internet, something they say threatens individual and corporate freedom.Google said in an email it would study the court ruling before deciding on further steps. Russia has imposed small fines on foreign technology companies throughout this year, but Friday’s penalty marks the first time it has exacted a percentage of a company’s annual Russian turnover, greatly increasing the sum of the fine. It did not specify the percentage, although Reuters calculations show it equates to just over 8%.Russia has ordered companies to delete posts promoting drug abuse and dangerous pastimes, information about homemade weapons and explosives, as well as ones by groups it designates as extremist or terrorist.Google, which has paid more than 32 million roubles in fines over content violations this year, is at odds with Moscow on a number of issues. Russia has demanded it restore access to state-backed broadcaster RT’s German-language channels.Last week, a sanctioned Russian businessman claimed victory over Google in a court case that could see the tech giant hit with another heavy fine.Moscow has also demanded that 13 foreign and mostly U.S. technology companies, which include Google and Meta Platforms, be set up on Russian soil by Jan. 1 or face possible restrictions or outright bans. More