Blockchain
LBank Establishes Dedicated GameFi Fund to Support Sector Development
The GameFi tokens are creating a buzz within the crypto industry with some, such as LBank, dedicating funds to its development.
Dubai, United Arab Emirates–(Newsfile Corp. – December 10, 2021) – LBank establishes a dedicated GameFi fund to support sector development. GameFi is a hybrid of blockchain gaming and DeFi, changing the gaming industry with “play-to-earn” models that differ from traditional “pay-to-win” models. Recognizing the potential of this field, LBank is paving way for GameFi projects by dedicating funds to their development.
With traditional games you pay for an advantage in the game, such as equipment or powers. Play-to-earn games give players the promise of financial gain by giving them rewards that can be translated into real life asset, while delivering users a wide range of appealing activities.
The new generation of cryptocurrency advocates are young, and many are avid gamers. GameFi seems to be the logical next step of blockchain development. Users seize character cards and lands in games in the form of NFTs. With everything stored on public blockchains, no more counterfeiting, or limited access to your own gaming assets. Blockchain makes ownership easy to prove and the transfer of assets restriction free. Parts of DeFi are also transferring to GameFi, such as staking. Users can store their tokens and gain an annual interest or secret rewards.
Improve your character while earning blockchain secured tokens that can’t be taken away by game creators. Sounds like it belongs in a sci-fi novel. But with the development of blockchain technology, it not only is achievable, it’s already reality.
LBank Established GameFi Fund
Recognizing the potential of this field, LBank is paving way for GameFi projects by dedicating funds to their development.
LBank is one of the leading cryptocurrency exchange platforms that focuses on start-up cryptocurrency projects. Following the trend of DeFi and NFT, LBank is now expanding its business model to the GameFi community. The platform has established a dedicated GameFi fund in order to support early-stage projects and expand their influence in the blockchain space. Many projects listed on LBank have already surged in popularity. Here a few notable gainers.
GameFi Projects Listed On LBank
Figure 1: GameFi: The New Golden Child of the Cryptoverse
Future of GameFi
What makes GameFi truly special, is the potential of financial freedom. Instead of gaming and letting the game developers rake in your earnings, blockchain incentivizes users by paying them for their time. Tokens and NFTs give the financial power back to the users, giving them more reason to continue their presence in the decentralized universe.
From anywhere on the planet, a user can game, win, and cash their virtual assets in real life. This gives anyone with a computer and internet access the potential of making a living online. A freedom that has until now been reserved for only a limited group of people.
As NFTs and Defi become increasingly mainstream, so will GameFi. For the growth and development of this early-stage hybrid creation, much support is needed. Only with the devotion of users, exchanges and communities alike can we develop GameFi into greater things that might change our lives in the near future for good.
About LBank Exchange
LBank Exchange, founded in 2015, is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with safe crypto trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted crypto trading platforms with over 6.4 million users in more than 210 countries around the world.
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Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106837
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
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Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
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Blockchain
Tech Trends Shaping Retail: From AI to Blockchain
Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.
Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.
Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.
Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.
Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.
Source: 365retail.co.uk
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