Blockchain
Play-to-Rank is the Future of Blockchain Games
Volare jumped into the blockchain-gaming market by creating the Volare Game Arcade within Whisper MSG, a blockchain wallet & messenger app with more than a million downloads. The Volare Arcade started with 9 games, all of which are Play-to-Rank (P2R). Volare distributes token rewards to daily top ranking winners of those games. JG Lee, a leader of the Volare Project emphasized that “P2R games should and will replace Play-to-Earn games, because P2E games are more work than play.”
When the wave of blockchain spread to the gaming industry, game developers invented a new genre called Play-to-Earn. The first notable P2E game was “Cryptokitties” in 2017, where players competed to create and breed unique kittens to sell but gamers grew bored with the repetition of trying to create a unique kitty, and Cryptokitties was quickly forgotten. The craze was succeeded by “Axie Infinity“, a P2E blockchain game with an added showdown element. Similar to Cryptokitties, gamers also got tired of the repetitive “grinding” to breed Axies.
Most gamers soon realized two immutable principles behind P2E games: First, a P2E gamer can earn money only by selling game items to other gamers. Therefore, if new gamers are not joining, existing gamers can no longer earn money. Second, as soon as a game’s focus goes from “fun” to “money”, the game turns into just sheer labor and the players become miners. P2E games left a salutary lesson that gaming to earn money is no longer gaming.
Contrary to P2E games, P2R games allow gamers to focus on the game itself. Also, P2R games add “rewards” on the achievement by gamers which is usually quantified as “Ranking”. The P2R system has already been adopted by many e-sports. Gamers who gladly pay to watch incredible plays by star players of e-sport cheer in excitement and thrill when they get rewarded as the best rankers in P2R games. JG Lee added, “Volare Network will create a P2R game ecosystem that challenges gamers which in turn will motivate developers who are inspired by the gamers.”
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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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