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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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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