Blockchain
Blockchain game CROSS THE AGES secures $3.5 million in fresh funding
“Cross the Ages” (CTA), a free-to-play game featuring digital trading cards as non-fungible tokens (NFTs), disclosed that it has secured $3.5 million in equity funding from investors, led by game-focused crypto investment firm Animoca Brands. This funding will be allocated towards development, talent retention, and go-to-market strategies.
The investment round also included contributions from notable investors like Sebastien Borget of The Sandbox and Nicolas Jeuffrain of Tenergie. Coupled with previous investments and community fundraising efforts, CTA has amassed a total of $23.5 million.
Blockchain gaming is rapidly gaining traction within the crypto industry, seen as a catalyst for attracting a broader user base. “Cross the Ages” stands out as a mobile-first collectible card game set in a dystopian future, drawing inspiration from a series of freely accessible novels. Players can engage in solo or team-based competitions to win NFTs and even convert their digital cards into physical copies.
The timing of the recent funding aligns with the ecosystem’s Token Generation Event (TGE), with several exchanges slated to list the CTA token, including Bybit, KuCoin, GATE, and MEXC.
Since its launch in March 2023, CROSS THE AGES claims to have garnered over 400,000 downloads and boasts 148,000 monthly active users.
CEO and Co-founder Sami Chlagou expressed excitement about Animoca Brands’ lead investment, highlighting their shared commitment to expanding CTA’s gaming universe across various ecosystems and partners. Chlagou, who also owns game producer Pixel Heart, brings a wealth of experience in the gaming industry.
Yat Siu, executive chairman and co-founder of Animoca Brands, emphasized the significance of blockchain gaming in democratizing digital ownership. He praised CTA for embodying the values of this movement and offering users immersive experiences grounded in personal ownership.
Launched in 2020, CROSS THE AGES utilizes blockchain technology to fuse futuristic fantasy with a compelling sci-fi narrative. The CTA universe embraces both free-to-play and play-to-earn models, integrating various forms of media such as books, comics, gaming, esports, animation, and collectibles. Additionally, CTA promotes a gaming investment model aimed at facilitating the transition to renewable energy in the real world.
Source: investing.com
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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