Blockchain
Gala Games Adds Game Industry Veteran Mark Skaggs to Already-Impressive Roster
Jackson, Wyoming–(Newsfile Corp. – September 6, 2022) – Gala Games has hired Mark Skaggs as the new SVP of Games to bring new life to Town Star as the game gets big updates and a stronger development team.
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Town Star is the flagship blockchain game built by Gala Games. In this town building game launched in early 2020 with a passionate group of fans, players compete to build the most efficient town in a given time frame.
Gala Games builds AAA-quality games using blockchain technology to empower players with ownership and rewards. The company already has a wealth of professional game development experience, and the addition of Mark Skaggs as SVP of Games is a big move toward becoming the leaders of Web3 gaming.
Mark Skaggs has joined the Town Star team as the Senior Vice President of Games, leading an expanded team of engineers, economists, and designers to bring Town Star Forever to life!
An award-winning game developer known for creating the worldwide phenomena FarmVille and CityVille on Facebook, Mark Skaggs has a game career spanning 29 years, three AIAS awards, and a track record of creating games that have been played by 400+ million Facebook players, sold 16+ million copies at retail and downloaded 30+ million times on mobile.
Mark Skaggs is also known for creating mega hits including EA’s best selling RTS game Command and Conquer: Generals, as well as Command and Conquer: Red Alert 2, and Lord of the Rings: Battle for Middle-Earth. After his key role in Zynga’s success, including the launch of Empires & Allies mobile, Mark joined Moonfrog Labs in India to create the award winning games Baahubali: The Game and Alia Bhatt: Star Life.
Among the big changes coming to Town Star is switching game engines from PlayCanvas to Godot. This will allow Town Star to become server-authoritative.
“There’s 3 approaches to this port. The first is just to translate the existing game and code to Godot. Bring all the problems with you, but on a better tech platform. The second is to only change client server architecture and then just port the code – this will help dramatically with cheating but give you exactly the same game and associated issues about the need to evolve gameplay. The third is to change client server architecture, bring the bits of code that works well, fix and update existing systems to work better while leaving room to build new systems and features in the new code base. We’re doing something between 2 and 3,” stated Mark Skaggs, SVP of Games – Gala Games.
The newly invigorated Town Star team is currently reimagining the game’s long term potential, adding more interactive ways to play in order to reach a wider audience of gamers.
“It’s my belief that the best way to share what’s going on with a game in development is to talk only facts and limit conjecture, or promises. Also to show only real code, not smoke and mirrors demo code,” said Mark Skaggs, SVP of Games – Gala Games.
About Town Star
Town Star is a competitive farming game from Gala Games. Players top the leaderboard with the chance to win prizes, and complete challenges to collect Town Points. The goal of the game is to grow, gather and craft your way to building the most efficient and productive town imaginable. Learn more about Town Star at Gala.Games/Townstar.
About Gala Games
Gala Games is building the largest decentralized network of gamers in the world. Using Web3 technology, and powered by a wealth of experience and expertise from professional gaming, Gala Games aims to empower players through asset ownership, economies built on rewards, and unprecedented AAA gaming experiences. Learn more about Gala Games at Gala.Games.
Media Contact: Gala – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136152
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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