Blockchain
Gala Games and AMC’s ‘The Walking Dead: Empires’ Begins First Public Playtest
Gala’s Web3 massively multiplayer survival game set in the world of AMC’s The Walking Dead will fully launch in 2023.
Jackson, Wyoming–(Newsfile Corp. – August 31, 2022) – Today marks the beginning of the first pre-alpha, open playtest for The Walking Dead: Empires. Developed by leading Web3 game publisher Gala Games in partnership with AMC, the game lets players fight for survival in the world of AMC’s The Walking Dead. In the game, players will gather resources and fortify their base to defend against other players and Walkers alike.
A small group of players took part in a closed playtest for convention attendees at this summer’s Galaverse in Malta, but this will be the first opportunity for anyone in the public with a Gala account to test the new game. The playtest will run through September 1st.
The Walking Dead: Empires takes place in the post-apocalyptic world of AMC’s The Walking Dead. Players are survivors, working to create a life in the ruins of society. Players will need to gather resources and craft tools, weapons, and defenses to defend their home from any who would try to take it – whether they be human or Walker.
As a Web3 title, The Walking Dead: Empires allows players ownership of certain in-game items represented as NFTs; such as land, crafting tables and Hero Cards. Land allows players ownership over a digital plot to build and defend, and crafting tables can be used to craft gear, weapons, tools, and other supplies. Hero Cards let players change their avatar’s appearance and grant special abilities – some will be original characters to the game, but many more are based on characters from the iconic AMC series.
The demo represents the game in a pre-alpha state, giving players an up-close look at the game world in development. Much of the art and gameplay are not in their final state, and are subject to change. But gamers will have an early chance to experience the core game and see the initial vision of the developers before the full game launches in 2023.
“The Walking Dead has such a rich and well-developed world already that it was important our art direction stayed true to the source material, while also creating a deep and immersive experience within the world. Bringing the world of The Walking Dead to life in this game has been a delight and I can’t wait for players to experience what we’ve built.”
– Christopher Miller, Lead Artist
The game will be free to play, both in the playtest and eventual full launch. While players can choose to own and collect in-game assets, they will not be required to enjoy the game. Players can craft rudimentary tools without a Crafting Table, or use NFT Crafting Tables owned by other players placed throughout the world. Landowners can allow others to access and live on their plot with them to forge a stronger alliance and defense.
“It’s been amazing helping to craft a totally unique experience where players can be a part of the struggle for survival in AMC’s The Walking Dead. We’re very excited to see players inside the game and working together – or against each other – in this very immersive world.”
– Zach Peterson, Development Director
“The world of The Walking Dead is brutal, unforgiving, and a constant struggle for survival. It’s not for the faint of heart, and yet it’s one that our fans have consistently yearned to experience for themselves. Be careful what you wish for! We’re excited to present this first look at what we’ve been cooking up with Gala Games – and even more so to immerse our fans in the world of the show when the full game releases next year.”
– Clayton Neuman, VP of Games, AMC Networks.
The Walking Dead: Empires is being developed by a dedicated team within Gala Games, one of the largest Web3 gaming platforms in the world. The game will join Town Star, Gala’s flagship release, along with 26 other titles currently in development. Like other games on the platform, the game will feature player-owned game assets, and be supported by Gala’s Founder’s Node Network of over 42,000 player-owned, decentralized gaming Nodes.
ABOUT GALA
As the global leader of Web3 Entertainment, Gala is building a massive world of rewarding entertainment upon their three pillars of Games, Music, and Film. From the AAA quality video games produced by Gala Games to the emerging artists whose careers are kick-started by the opportunities of Gala Music, everything Gala creates is built for user empowerment and ownership. With dozens of games from top-tier developers in the pipeline, yet-unannounced deals with well-known musicians, and the recent announcement of the upcoming Gala Film platform, Gala is paving the way for an entire universe of Web3 entertainment.
ABOUT AMC
AMC is home to some of the most popular and acclaimed programs on television. AMC was the first basic cable network to ever win the Emmy® Award for Outstanding Drama Series with Mad Men in 2008, which then went on to win the coveted award four years in a row, before Breaking Bad won it in 2013 and 2014. The network’s series The Walking Dead is the highest-rated series in cable history. AMC’s current original drama series are Better Call Saul, Fear the Walking Dead, Kevin Can F*** Himself, The Walking Dead, The Walking Dead: World Beyond and the forthcoming series 61st Street, Anne Rice’s Interview with the Vampire, Anne Rice’s Mayfair Witches, Dark Winds, Moonhaven, Pantheon, Ragdoll and Tales of the Walking Dead, among others. AMC also explores authentic worlds and discussion with original shows like Talking Dead, AMC Visionaries and Ride with Norman Reedus. AMC is owned and operated by AMC Networks Inc. and its sister networks include IFC, SundanceTV, BBC America and WE tv. AMC is available across all platforms, including on-air, online, on demand and mobile.
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To learn more about Gala Games, visit https://app.gala.games
To learn more about The Walking Dead: Empires, visit https://twdempires.game
Media Contact:
Gala Games
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135549
Leading up to Friday’s Bitcoin (BTC) halving, investors opted to remain on the sidelines rather than increase their exposure to cryptocurrencies. CoinShares’ latest report on digital asset fund flows reveals that crypto funds experienced $206 million in outflows last week, while trading volumes for Exchange-Traded Products (ETPs) dropped to $18 billion.
James Butterfill, head of research at CoinShares, noted, “These volumes represent a lower percentage of total Bitcoin volumes (which continue to rise) at 28%, compared to 55% a month ago.” He attributed this decline in investor appetite to expectations that the Federal Reserve would maintain interest rates at elevated levels for a longer duration.
In terms of regional flows, the United States led the outflows with $244 million exiting incumbent ETFs by the week ending April 19. Butterfill highlighted that newly issued ETFs still received inflows, albeit at lower levels compared to previous weeks. Germany and Sweden saw outflows of $8.3 million and $6.7 million, respectively, while Canada experienced inflows of $29.9 million. Switzerland, Brazil, and Australia also witnessed inflows of $7.8 million, $5.5 million, and $2.2 million, respectively.
Butterfill observed that although Bitcoin saw outflows of $192 million, there were minimal flows into short-Bitcoin positions. Ethereum (ETH) experienced outflows of $34 million for the sixth consecutive week. However, multi-asset funds saw improved sentiment, attracting $8.6 million in inflows. Additionally, Litecoin (LTC) and Chainlink (LINK) received inflows of $3.2 million and $1.7 million, respectively.
The report highlighted that blockchain equities sustained their 11th consecutive week of outflows, totaling $9 million, as investors remained concerned about the halving’s impact on mining companies.
In a separate analysis of the post-halving crypto mining industry, CoinShares analysts suggested that many miners might transition to serving the artificial intelligence (AI) sector, which has become more lucrative. They anticipated a shift towards AI in energy-secure locations, potentially leading to Bitcoin mining operations relocating to stranded energy sites.
The analysts projected a 10% decline in the Bitcoin network’s hash rate after the halving as miners deactivate unprofitable ASICs. However, they expected the hash rate to reach 700 exahash (EH/s) by 2025. As of the current data, the Bitcoin hash rate stands at 596.22 EH/s.
The report also noted that substantial cost increases are anticipated due to the halving, with electricity and production costs nearly doubling. Mitigation strategies include optimizing energy costs, enhancing mining efficiency, and securing favorable hardware procurement terms. Miners are actively managing financial liabilities, with some utilizing excess cash to significantly reduce debt.
Source: kitco.com
The post Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI appeared first on HIPTHER Alerts.
According to reports, the New York Stock Exchange (NYSE) is exploring the possibility of introducing round-the-clock trading, a model akin to that of cryptocurrency markets. In a bid to gauge market sentiment, NYSE’s data analytics team has circulated a survey among market participants. The survey seeks feedback on whether there is support for 24/7 or extended weekday trading hours and, if so, what measures should be implemented to safeguard traders against overnight price fluctuations. As of now, NYSE, alongside Nasdaq and the Chicago Board Options Exchange, operates from Monday to Friday, spanning from 9:30 am to 4:00 pm Eastern Time.
In the United States, assets like cryptocurrencies, United States Treasurys, foreign exchange, and major stock index futures are already tradable 24/7. Certain brokerages, such as Robinhood and Interactive Brokers, provide access to U.S. stocks throughout the week via a “dark pool” trading venue, catering to international retail investors during their local trading hours.
However, recent reports indicated that Robinhood suspended its 24-hour trading services amidst heightened tensions between Israel and Iran, prompting concerns among investors regarding the sustainability of continuous trading.
Effectively managing liquidity in a 24/7 trading environment has proven challenging for trading platforms within the cryptocurrency industry.
According to cryptocurrency research firm Kaiko, there’s often a mismatch between the operating hours of traditional financial institutions and the needs of major crypto traders and market makers. Traders frequently find themselves losing sleep during periods of extreme market volatility.
While the results of NYSE’s survey haven’t been revealed, Tom Hearden, a senior trader at Skylands Capital, conducted his own poll among his 19,300 followers, asking if they would support NYSE transitioning to 24/7 trading hours. Interestingly, over 70% of the 1,459 respondents voted “No.”
NYSE’s survey coincides with the efforts of startup firm 24X National Exchange, which is seeking approval from the Securities and Exchange Commission (SEC) to launch the first exchange in the country operating round-the-clock.
The FT said, citing two persons familiar with the subject, that the SEC has “months” to study the proposed rule change, and other relevant issues, such who should shoulder expenses and the function of clearing houses, are already being considered by other stakeholders.
“How loud they will be playing in the middle of the night is unknown to me. However, the decision of whether something is commercially feasible or not actually shouldn’t be made by the SEC, James Angel, a Georgetown University finance professor, told FT.
“I support letting the market make the decision. We’re all better off if it succeeds, and the exchange’s stockholders lose out if it fails.
After the company withdrew an application in March 2023, alleging operational and technological concerns, it is the second attempt to receive SEC clearance.
Source: cointelegraph.com
The post NYSE gauges interest in 24/7 stock trading like crypto appeared first on HIPTHER Alerts.
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