Blockchain
The largest play-to-earn NFT’s guild signed up 100,000 players from developing countries
Crypto Gaming United (CGU) signed up 100,000 community members via its Discord channel, making it the largest play-to-earn guild in just 12 weeks since its launch. These members are primarily based in developing countries, where play-to-earn offers an empowering alternative to social ills such as unemployment and lack of opportunity.
CGU, an industry leading Non-Fungible Token (NFT) gaming company enabling the play-to-earn business model in the metaverse, is enjoying explosive player growth in more than 30 countries following its successful Initial Dex Offering (IDO) that sold out in a record 6 seconds.
A key barrier to entry for players to start working and earning in the metaverse is the need to invest money in NFTs. By joining CGU, members gain CGU as their microfinancing partner that makes the initial NFT investment to give qualified players access to new income streams in exchange for a portion of their earnings. Furthermore, CGU is differentiated in the play-to-earn space since its tech ecosystem uniquely includes a crypto exchange (TimeX) and a crypto labor portal (LaborX) that together enable custom player financing capabilities and player monitoring systems.
Members join the CGU community for starting capital, education, and mentoring, which is similar to entrepreneurs needing seed investment and guidance to launch a new business. After obtaining “scholarships” from CGU to play-to-earn and learn, new players are upskilled by experienced players to achieve their top earning potentials. There are already over 5,400 active scholars in the CGU community now, with this number growing daily.
While CGU is now a cultural phenomenon in the Philippines and Russia with thousands of players earning US$150 to US$750 per month, players are also joining the platform from countries all around the world, including Cuba, Venezuela, Turkmenistan, and African nations.
“CGU offers a living wage to people who need it the most in the countries where jobs are scarce, access to loans is difficult, and opportunities to learn new skills are lacking,” said Sergei Sergienko, a leading blockchain expert and CGU co-founder.
“By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse,” he added.
To get started with their play-to-earn career, members join the CGU community, with CGU having to purchase about US$1,000 worth of NFT assets per player. This upfront investment and CGU’s valuable tech platforms allow players to generate income from games like Axie Infinity, earn in-game NFTs, and invest cryptocurrency or cash it out into their local fiat.
To support its thousands of players, CGU recently raised a total of US$17.5 million in three investment rounds, the last one being the actual IDO of the CGU token on the TimeX exchange. The IDO was hugely successful and sold out in a record 6 seconds. In total, CGU has 1 billion tokens, of which the majority (58%) is reserved for the CGU community and treasury.
The surge of new members joining CGU has pushed the token price past US$2 – valuing CGU’s fully diluted market cap over US$2 billion. The CGU token, built on Binance Smart Chain, can currently be purchased on TimeX, Pancakeswap, and Olive.Cash exchanges with more exchange listings to come soon. Timebridge.org, also part of CGU’s tech ecosystem, can be used to covert CGU token from Binance Smart Chain to Ethereum.
Investors in the CGU token benefit from its appreciation as revenue from CGU players, members in the CGU global community, and the value of CGU’s NFT assets continue to increase. In this way, buying CGU token can be considered a diversified investment into the metaverse and the workforce of the future.
“We believe that CGU is the lifeline for soon-to-be hundreds of thousands, and ultimately millions, of play-to-earn professionals, who will use these initial jobs to launch their careers in the metaverse,” said Mark Carnegie, founding partner of M.H. Carnegie & Co., entrepreneur, esteemed investor and venture capitalist, and CGU’s largest supporter.
According to a report from Crypto Daily, the founder of Cardano, Charles Hoskinson, expressed a sentiment that the cryptocurrency industry does not aim to “set the world on fire.” This statement reflects a broader perspective on the role of cryptocurrency and blockchain technology in the global economy and society.
Hoskinson’s remark suggests that the cryptocurrency industry is not solely focused on disruptive or revolutionary change but rather on providing innovative solutions to existing challenges and improving upon traditional systems. This viewpoint underscores the belief that cryptocurrencies and blockchain technology can coexist and collaborate with established financial and technological infrastructures, rather than seeking to replace them entirely.
By emphasizing a collaborative approach, Hoskinson highlights the potential for cryptocurrencies like Cardano to complement existing financial systems and contribute to positive developments in various sectors. This includes areas such as finance, governance, healthcare, and supply chain management, where blockchain technology can offer enhanced security, transparency, and efficiency.
Overall, Hoskinson’s statement reflects a pragmatic and inclusive perspective on the role of cryptocurrency in society, emphasizing the importance of cooperation and collaboration in driving meaningful progress and innovation. As the cryptocurrency industry continues to evolve, this mindset is likely to shape its trajectory and impact on the broader economy and society.
Source: cryptodaily.co.uk
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Blockchain
Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch
Pantera Capital aims to raise $1 billion for its new all-in-one blockchain fund, slated for launch in 2025, as reported by Bitcoin.com. This ambitious fundraising goal underscores Pantera’s confidence in the potential of blockchain technology and its commitment to supporting innovative projects in the space.
The new blockchain fund from Pantera Capital is designed to be a comprehensive investment vehicle, providing exposure to a wide range of blockchain-related assets and opportunities. By offering a diversified portfolio of investments, the fund aims to capitalize on the growth and development of the blockchain ecosystem while managing risk effectively.
Pantera Capital’s decision to launch a new blockchain fund reflects its bullish outlook on the long-term prospects of the blockchain industry. With increasing mainstream adoption and institutional interest in cryptocurrencies and blockchain technology, Pantera sees significant opportunities for growth and value creation in the coming years.
The $1 billion fundraising target for the new blockchain fund is indicative of Pantera’s confidence in its ability to attract capital from investors seeking exposure to the burgeoning blockchain market. As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to capitalize on the growing demand for blockchain-related investment opportunities.
Overall, the launch of Pantera Capital’s new all-in-one blockchain fund represents a significant development in the blockchain investment landscape, offering investors a comprehensive vehicle for gaining exposure to the rapidly evolving blockchain industry. As the fund prepares for its launch in 2025, it is poised to play a key role in shaping the future of blockchain investment and innovation.
Source: news.bitcoin.com
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Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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