Blockchain
“A Virtual Economy is As Real.” NeoWorld COO Kane spoke of the Economics Design at Crypto Games Conference in Minsk
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At the largest blockchain game event in the world — Minsk Crypto Games conference, NeoWorld COO Kane shared the team’s experiences and findings after a year into managing a virtual economy in the NeoWorld.
The conference held on 24 and 25 April in Minsk, Belarus, attracted global attention with companies and audience from around the clock. NeoWorld was invited to showcase the virtual world project amongst other prominent projects like MyCryptoHeroes, Axie Infinity, Blockchain Cuties.
NeoWorld, despite being one of its own kind in the blockchain games industry, has attracted far more players than most blockchain games — over 50,000 players and maintained a steady DAU of over 5,000. The idea of collectively building a virtual world charmed players from more than 50 countries. Join the telegram group https://t.me/Neoworldio to mingle around.
Kane, however, stressed that the concept of a robust virtual economy is essential for the game to continue to move forward with full steam after launching a year ago. Most crypto games faded out of the scene in a few months’ time, as early adopters lost interests in the collectibles. “Since inception, NeoWorld is designed to be a User-Generated-Content platform, which means players, individuals or professional studios, create contents in the virtual world. The virtual world will grow organically, as time goes by,” Kane explained the unconventional design concept of NeoWorld in his speech during the conference.
UGC type of game is the prevailing trend in the mainstream game industry today, with leaders like MineCraft or Roblox getting insanely popular amongst the next generation. Blockchain games pioneers are also enthusiastically experimenting possibilities of creating a brand new type of games with UGC and crypto economies.
NeoWorld team comprises of finance professionals and is advised by experts with macroeconomics background, like economists from policy banks or universities.
“Selling your token is never the more the merrier,” Kane explained in the dialogue sessions and emphasized that crypto game tokens should be managed conceptually like monetary supplies in real economies and follow fiscal and monetary policy principals.
The NeoWorld project thrived without an ICO or massive fundraising. Funded internally, it is cashflow positive from in-game transaction commissions. The project is expected to close a round of fundraising soon to cater to strong institutional demands and to further finance its global expansion.
SOURCE NeoWorld Technology
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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