Blockchain
MASS MARKET METAVERSE MOBILE GAMING ARRIVES WITH THE LAUNCH OF INFINITE ARCADE
Infinite Arcade launches to empower mobile games makers to easily introduce metaverse dynamics like ‘Play and Earn’ and NFTs into thousands of existing and new mobile games. Infinite Arcade is backed by industry-leading mobile games self-publishing platform Coda, which proudly has 15,000 mobile games developers and ten million gamers in its ecosystem.
Mobile game developers can access Infinite Arcade through a simple SDK for iOS and Android, reducing the barrier to entry for games developers looking to integrate Web3 elements like Play and Earn, community ownership, and tokenomics. Infinite Arcade will allow game developers to introduce these Web3 dynamics without the need to redesign existing game mechanics or compromise their existing Free-to-Play business, which will be crucial for scaling mobile metaverse gaming (powered by blockchain technology) across the mass-market casual mobile gaming. And by enabling casual mobile games to enter the metaverse within a single day, Infinite Arcade has the potential to introduce two billion global casual mobile gamers to blockchain gaming.
Şekip Can Gökalp, CEO of Coda and a founding contributor to Infinite Arcade, commented: “The mobile gaming industry stands at an inflection point with the arrival of emergent technologies like blockchain, NFTs, and Web3 ideology. We strongly believe that Web3 will drive huge benefits for the gaming industry and its passionate creator and player communities. Our vision is to eliminate barriers for mobile gaming talent to enter this space with authenticity, and bring world-class gaming content to players who are invested in ownership and community. We are still in a very initial stage with this project, and we look forward to growing as members of the gaming community start to join us. We feel it’s time to stop building walls, and focus on bridges.”
Infinite Arcade is launching with an initial network of ten mass-market casual mobile games, including Rope Rescue, Brick Builder and Court Master. Infinite Arcade’s portfolio is projected to reach at least 200 games by the end of 2022.
Şekip Can Gökalp added: “Most existing blockchain-powered mobile games have fairly complex Web3 mechanics and deep game designs, thus, they don’t necessarily appeal directly to the mass audience of casual gamers. So Infinite Arcade aims to be an evolving ecosystem that combines the mass-market appeal of free-to-play casual gameplay with a range of options for individuals and Guilds to get involved in community ownership.”
Anton Horbatov, Chief Product Officer at 24Play, commented “With Infinite Arcade, we’re entering the future of mobile gaming. Web3 offers new opportunities for developers, such as engagement with vibrant communities and additional revenue streams. We’re excited to explore Play and Earn dynamics with Infinite Arcade, which has made the onboarding a simple journey for us.”
Infinite Arcade has been created to cater for all levels of investment, in terms of time or financial investment. Infinite Arcade will be a decentralised economy where everyone who participates can share in ownership and decision-making, while a smaller group of core contributors will help the network grow through more games and NFT Collections. The platform’s economy includes the following features:
- NFTs acting as access keys to Infinite Arcade’s Play and Earn dynamics, starting with the launch of the ‘Gamers’ NFT collection; a marketplace for creators to sell yield-generating NFTs; players to trade NFTs; breedable NFTs, with marketplace fees shared with developers and NFT creators.
- Two tokens on the Ethereum blockchain – $ARC and $TIC – which will enable developers and users to own a piece of Infinite Arcade and generate returns for NFT owning players. (Infinite Arcade’s in-game token is called Token of Infinite Choice ($TIC), its governance token is Infinite Arcade Token ($ARC).
- Virtual real estate for the community to buy and build ‘arcades’ on, helping fellow community members discover the best games and generating income from the studios that grow through this.
- A dashboard for buyers and guilds to manage passive income and make it easy for both managers and scholars to play Infinite Arcade games.
The Gamers NFT collection pre-sale will start on 9 March 2022, with a full release a week later. $TIC token will also launch on QuickSwap in March. For more information visit the Infinite Arcade website, read the Lite Paper, and join its Discord community.
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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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