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
Blockchain
$FAR Token ranks first on Bybit exchange and soars to 44%following staking program launch: Coingecko
Farcana — United Arab Emirates based Bitcoin shooter game, has announced that its $FAR token is now ranked first on Bybit exchange. This development comes after the launch of its staking program, which offers users a 60% annual percentage rate (APR) on their $FAR tokens.
The staking program requires users to utilize the Polygon network for staking their announcement. Following the announcement, $FAR token soared to 44% according to Coingecko.
Founded in 2022, Farcana recently raised $10 million in seed funding from Animoca Brands, Polygon Ventures, Fenbushi Capital, and Merit Circle among others. It is built on Unreal Engine 5 and Farcana shares a similar graphical style with Overwatch, a team-based multiplayer first-person shooter game by Blizzard Entertainment. The game is understood to operate under a free-to-play model.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
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