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Splinterlands Enters New Gaming Vertical as It Announces Tower Defense Game

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Media, Pennsylvania–(Newsfile Corp. – September 6, 2022) – Splinterlands, the fantasy-themed card battler currently leading the Web 3.0 gaming vertical worldwide, announced today its new game, Splinterlands Tower Defense. The game will be produced in tandem with Double Coconut, a game design and development agency that has previously partnered with Splinterlands.

The new game, which will be geared towards tower defense mechanics, will showcase new utility for Splinterlands cards as well as introduce new playable Splinterlands-themed assets. The announcement comes as an important innovation to the blockchain space, as it is one of the first IPs to be offering interoperability of its NFTs across multiple games.

Splinterlands Tower Defense will see the return of Splintershards ($SPS) and Dark Energy Crystals ($DEC), as well as its Voucher token as a medium for staking and purchasing assets. Within the new game, players who purchase items within Splinterlands will also receive additional rewards, such as Tower Defense packs-and vice versa. This groundbreaking interoperable dynamic between the two will also make the utilization of currently-owned cards from within Splinterlands to Tower Defense possible, which in turn can then be staked to help further progress in the new game, such as powering up the player’s towers.

The company’s CEO, Jesse “Aggroed” Reich, sees this gaming advancement as significant for the Web 3.0 space.

“We’re excited to finally be sharing this next step in the Splinterlands world, and to be carving out a brand new path for the interoperability of NFTs,” Reich said. “We believe the launch of Tower Defense will serve to both expand our current ecosystem as well as begin to influence the Web 3.0 vertical as a whole, which will then have a significant effect on the future of technology.”

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“The capacities of blockchain innovation are only just beginning to emerge,” he continued. “We love being at the forefront of that reality.”

Alongside its new $SPS reward pool, the new expansion will also present new mechanisms for staking in the overarching Splinterlands Tower Defense ecosystem, as well as new opportunities and benefits for those who choose to stake their assets in the game.

Pre-sale for Tower Defense packs will go live on September 20, 2022, where 250,000 card packs of the game’s 2 million first series of card packs will be available.

About Splinterlands:

Splinterlands is the fantasy-themed battle game created by Jesse “Aggroed” Reich and Matt Rosen in 2018. Built on Web 3.0 technology, it offers its users the enhanced ability to own, hold, trade in-game assets and win rewards in groundbreaking ways. Its user base has expanded beyond 2.4M users who have nearly 1M active wallets, with its total transactions on the blockchain hovering between 3-5M daily. Boasting a committed, active, and enthusiastic surrounding community, its user base is found across the globe in 149 countries and operating in 10 languages. Splinterlands recently passed the significant milestone of 3 billion battles played by its users, and is set to continue its expansion into both the cryptocurrency vertical and the mainstream gaming industry throughout 2022.

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About Double Coconut:

Double Coconut is a boutique game design and development studio that worked on hits for clients such as Splinterlands, WB Games, Microsoft, Penn National Gaming, DraftKings, Rush St. Interactive, Cartoon Network, and Ellen Degeneres.

Media Contact:

Antonella Eljach
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136069

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

PayPal receives New York crypto trust charter

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The New York State Department of Financial Services (NYDFS) has granted PayPal Digital a limited purpose trust charter, a designation typically held by digital asset custodians and some stablecoin issuers.

Last August, PayPal launched its PYUSD stablecoin, marking the first stablecoin from a BigTech company. Paxos Trust Company, which also holds an NYDFS limited trust charter, currently issues the PYUSD stablecoin. Paxos has been PayPal’s partner for its cryptocurrency services since inception. Consequently, the new trust charter may signal PayPal’s intention to take over the custody of its clients’ crypto-assets and potentially move the issuance of PYUSD in-house.

Despite reaching out to PayPal for clarification on the purpose of the trust charter, no response was received before publication.

The PYUSD stablecoin is still in its early stages, with its recent integration for cross-border payments via PayPal’s Xoom app. The stablecoin’s market capitalization has grown to nearly $400 million, up from $190 million in early April. Notably, wallets associated with the issuer Paxos hold over $125 million, possibly on behalf of PayPal. The top five wallets constitute 71% of the stablecoin balance, with 17 wallets holding $1 million or more, accounting for 97% of the total holdings.

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The largest holders include Paxos, Crypto.com, Curve (DeFi), Defiance Capital, and Frax (DeFi). Among these, Crypto.com holds a balance of $103 million and Bullish holds $23 million.

Additionally, in November, the SEC’s enforcement division issued a subpoena requesting documents related to the issuance of the PYUSD stablecoin.

Source: ledgerinsights.com

The post PayPal receives New York crypto trust charter appeared first on HIPTHER Alerts.

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Hong Kong SFC to conduct compliance checks on crypto firms

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The Hong Kong Securities and Futures Commission (SFC) has announced that it will conduct on-site compliance checks on local virtual asset trading platforms (VATPs) that are still completing their regulatory applications following the June 1 licensing deadline.

In a notice issued on May 28, the SFC emphasized that all local crypto trading platforms must be either licensed or “deemed-to-be-licensed” by the regulatory body before the June 1 deadline. Operating an unlicensed VATP in Hong Kong after this date will be considered a criminal offense, and the SFC will actively pursue non-compliant companies.

In the coming months, the SFC will perform on-site inspections of deemed-to-be-licensed VATP applicants to evaluate their compliance with regulatory requirements. These inspections will focus on how firms safeguard client assets and implement Know Your Customer (KYC) processes.

The SFC urged investors to trade cryptocurrencies only on SFC-licensed platforms to ensure their protection. It also cautioned companies seeking licenses against actively marketing their services or onboarding new retail clients until they are formally licensed. Additionally, firms must prevent mainland Chinese residents from accessing their services, adhering to China’s ban on cryptocurrency trading.

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Earlier this month, it was reported that the number of crypto exchanges seeking operational licenses in Hong Kong had been decreasing. Eleven crypto companies and exchanges, including well-known platforms like OKX and Huobi’s local arm, withdrew their applications ahead of the deadline. Currently, only 18 applications remain pending approval.

In response to the upcoming licensing requirements, some crypto firms have proactively taken steps to ensure compliance. For example, Gate.HK, a crypto exchange, halted all activities related to acquiring new users and marketing, prevented existing users from making deposits, and began delisting tokens on May 23. The exchange plans to relaunch its services after restructuring its platform to comply with Hong Kong’s regulatory requirements.

According to the SFC, only two companies, OSL Digital Securities Limited and Hash Blockchain Limited, have been granted licenses to operate in Hong Kong so far.

Source: tradingview.com

The post Hong Kong SFC to conduct compliance checks on crypto firms appeared first on HIPTHER Alerts.

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Argentina crypto group plans to set up a blockchain valley in Buenos Aires

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The crypto community in Argentina is planning to establish a “blockchain valley” in Buenos Aires as part of the Crecimiento movement, which has a following of 500 individuals.

This group includes prominent figures in the country’s crypto ecosystem, such as Diego Guitérrez, co-founder of Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, a general partner at Ripio Ventures.

Significantly, Crecimiento’s core team has the support of advisors to Argentina’s new libertarian president, Javier Milei.

Crecimiento aims to create a hub for crypto and technology-oriented business founders in the capital, offering a comprehensive three-dimensional plan. This includes bringing 5 to 10 million people on-chain by offering exclusive items, boosting the number of tech-related startups, and providing necessary support.

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The group’s mission is to work with Argentina’s newly crypto-friendly government to bolster the cryptocurrency sector through initiatives like tax rebates, industry investment, and simplified regulations.

During his campaign, President Milei highlighted the benefits of Bitcoin, associating it with a sense of freedom, though no formal statements have been made on the subject. Nonetheless, the group has been actively collaborating with officials to establish their crypto center in Buenos Aires.

Maria Milagros Santamaria, a Web3 lawyer, noted that regulators are showing a high level of positivity toward their proposals and are requesting specific plans regarding the crypto sector to move forward. She mentioned that there are only a few individuals opposed to the initiative, and fortunately, their numbers are minimal.

Source: cryptonewsz.com

The post Argentina crypto group plans to set up a blockchain valley in Buenos Aires appeared first on HIPTHER Alerts.

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