Blockchain
Zilliqa emerges as the blockchain of choice for the largest esports brands
Zilliqa (https://www.zilliqa.com/), a high-performance, high-security, and low fee layer-1 blockchain protocol has recently onboarded three new esports and gaming partners – Indonesian-based RRQ, Spain-based MAD Lions, and Sweden’s Ninjas in Pyjamas. Zilliqa is quickly emerging as the blockchain-of-choice for the esports industry, which is expected to reach a global valuation of about $1.8 billion by 2022.
As their official blockchain partner, Zilliqa will be working closely with these entities to unlock and implement Web3-powered solutions – including tokenisation, NFTs and metaverse activations. Zilliqa will power tokens and create new environments that give esports fans easy access to play-to-earn games, promotional incentives, launch events, digital assets, autographs, viewing parties, giveaways, and more.
“Being associated with the top, most-watched esports entities in the world is an honour. With millions of followers worldwide and a passionate fan culture, the creation of borderless gaming communities is inevitable. Thanks to AR and VR-powered technology, we’ve created possibilities for gamers, influencers and fans to engage, earn and entertain as crypto and gaming join forces,” says Dr. Ben Livshits, CEO, Zilliqa. “This is not just a strategy but an exciting move for us. Why? Because it is a solid use case that clearly shows adoption is accelerating, and that blockchain is moving from the fringes of traditional finance to the centre of our lives.”
Fans can expect to see Zilliqa branding on team jerseys, content creator hoodies, and integrated marketing campaigns. Zilliqa’s upcoming creator-focused NFT marketplace and Web3 and XR-powered Metapolis will add further experiential layers creating new types of fan engagement opportunities.
Committed to building products for the esports and gaming sector, Zilliqa has appointed a new Head of Sports and Gaming, Tom Fleetham. Tom comes to the blockchain world from Fortune-500 tech giant IBM, where he was Sports and Entertainment Lead, and will help Zilliqa scale up such partnerships in the next phase of its growth.
“Our esports partners provide us with access to huge audiences of highly engaged, tech-savvy fans. We’re excited by the prospect of building web3 experiences for these fans, and enable new ways to engage with and support the players and teams they’re passionate about,” says Tom Fleetham, Head of Gaming and Sports, Zilliqa. “I firmly believe that gaming will be the sector that drives the next exponential growth in blockchain users. These types of partnerships can accelerate that adoption.”
Each of these partnerships brings a large and loyal following with an estimated combined social following of 11.8 million followers across the brands-owned channels and amassed over 100 million hours watched in 2021. MAD Lions, owned by Overactive Media, regularly work with two of the biggest Youtube stars in the world, Willyrex and Vegetta777, who have a combined total of 110 million followers. Some of the top gamers working with Ninja in Pyjamas, DEV1CE, Muzi, Ollelito, will engage millions of fans and help integrate blockchain technology into the mainstream market.
“There’s no better way to reach today’s generation of fans than at the intersection of gaming, music, sports, and lifestyle; much of which is happening in a digital space,” says Jorge Schnura, Vice-President, Strategy at OverActive Media. “Our recently announced partnership with Zilliqa is a key step towards unlocking a new dimension of entertainment and accessing untapped audiences in the metaverse. Their technical expertise combined with their commitment to sustainability gave us the confidence to collaborate over a multi-year term.”
Zilliqa’s blockchain protocol helps people connect, engage, and transact in the digital world. Its sharding protocol, combined with its secure-by-design language, Scilla is able to process high-volume transactions rapidly. Zilliqa recently implemented an eco-friendly token standard (ZRC6) to uplift the quality of NFTs and digital assets being created at affordable costs.
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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