Blockchain

KuCoin Lists UFO Gaming – A Step Closer to Bridging the Gap Between Gaming and Blockchain

Published

2 years ago

December 23, 2021

KuCoin is listing UFO Gaming, with only a few weeks till the end of 2021. After a remarkable year in crypto, with institutional and retail interest soaring, the project ends the year on a high note with numerous positive developments. Being listed on KuCoin, the world’s fifth-biggest cryptocurrency exchange demonstrates that they are one step closer to resolving the issue UFO Gaming intends to address: the gap between gaming and blockchain.

Video games have become ingrained in the life of many individuals. They are not only going to arcades or playing NES for entertainment purposes. It is a way of life, competitiveness, a culture, and a new way of seeing the world. The most profitable sectors are streaming and eSports. However, the challenges are sensible: present Play-to-Earn (P2E) models do not favor the average person. P2E through cryptocurrency is the first viable method for normal players to earn money as they play.

Gaming is massive. It is a thriving industry that encompasses streaming, eSports, and a variety of platforms. Astonishing statistics reveal earnings are projected to reach $175.8 billion in 2021 and $200 billion in 2023.

Since 2010, both the public’s monetary value and media attention have increased significantly. The term “cryptocurrency” alludes to the same phenomenon. Since 2011, cryptocurrency has grown at an exponential rate. Since 2017, the market has increased from $18 billion to more than $600 billion. It is presently valued at over $2 trillion and is expected to exceed $2 trillion by 2021. Coincidentally, two new sectors are forming and expanding: gaming and cryptocurrency.

UFO Gaming is bridging this divide. They want to bridge the gap between blockchain and conventional gaming, increasing adoption of blockchain gaming and developing and running their own games, working with established gaming businesses to incorporate their games onto the blockchain effortlessly.

UFO Gaming is the first blockchain startup to form a significant partnership with the well-known eSport, gaming, and content organization, Horizon Union, who have close ties with the giant brand, GFUEL. Signifying that they are further branching into the eSport scene, as they have just completed a successful tournament.

The UFO Gaming 10K Cup was live-streamed on Twitch, with professional streamers like Nokokopuffs from TSM, Apryze from Complexity Gaming to demonstrate their commitment to the community. A $10,000 prize pool was at stake. The highly anticipated community-led competition was a huge success. With a $10,000 prize pool, UFO Gaming is the first blockchain gaming firm to enter Esports and host a tournament of this magnitude.

UFO Gaming strives to empower gamers by providing easily accessible, competitive, and exciting games in which players retain complete control of asset ownership. This is accomplished by facilitating game assets (NFTs, currency) transfer across platforms and a transparent and sustainable play-to-earn gaming economy.

Kucoin listing UFO Gaming, the world’s largest centralized exchange for the altcoin market, signifies their commitment to expanding in several markets. The native token of UFO Gaming $UFO is currently actively traded on KuCoin in the UFO/USDT pair. With crypto’s current cross-chain limitations, being on a Centralized Exchange can be favorable to onboard retail interest.

Blockchain

JuicyBet Launches Its Innovative GambleFi Platform

Published

3 days ago

May 2, 2024

GamingAmericas.com

juicybet-launches-its-innovative-gamblefi-platform

JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.

What is GambleFi?

GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.

How JuicyBet works

JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.

All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.

However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.

First, the tokens provide access to betting.
Second, token holders get their share of the platform’s profit.
Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
And finally, DAO participants can also perform the role of oracles for bets and earn rewards.

In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.

In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.

JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

1 week ago

April 25, 2024

Wladimir P.

kore-digital-mining-ltd-announces-additional-14-ph/s-bitcoin-mining-capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

Blockchain

After Crossing 100,000 Active Users, Hypeloot.com Announces The Launch of Its Utility Token $HPLT

Published

3 months ago

January 22, 2024

Hunor Pal

after-crossing-100,000-active-users,-hypeloot.com-announces-the-launch-of-its-utility-token-$hplt

Reading Time: 3 minutes

Hypeloot was established in 2022 and has processed over 50 million bets for over 100.000 Users worldwide, being one of the fastest growing Cryptocurrency casinos, releasing new game modes almost every week and a recent surge in growth which is likely to accelerate.

Hypeloot Originals cross 50 million bets mark

With new game mode additions, the number of daily bets and also bets placed per user is increasing by the day. Hypeloot adds some of the most popular Casino games but is also not afraid to add an innovative touch to the platform by developing new games that are gaining a lot of popularity, for example, the Plinko game with a 100.000X multiplier, making it the first-ever Plinko game with this high of a multiplier which is not only something innovative for the Gambling industry but also a great marketing tool as users always try to chase high multipliers.

Hypeloot .com profit share with $HPLT holders

All $HPLT holders will indirectly profit from the rampant Hypeloot .com growth and its already increasing profitability via daily buyback & burn events. Hypeloot profits will automatically go towards purchasing $HPLT tokens on the open market and burning them right after – on a daily basis!

The Hypeloot $HPLT Token

The $HPLT Presale will start the 1st of February at 15:00 UTC directly on presale.Hypeloot .com, the presale is split into different stages in which the first investors get the cheapest possible price and are also eligible for the Hype NFTs which will be tradable right on token launch. 40% Of the total supply will go towards Presale contributors, rest is split between liquidity, marketing, team, airdrops and more. All Team tokens will be locked and vested on a transparent level.

Fueling The Hypeloot Ecosystem

Hypeloot is one of the only Crypto casinos offering Fiat payment gateways and all major payment providers making it easy for every user. On top of that, Hypeloot also currently offers all major Cryptocurrencies for deposits and withdrawals. All Games are 100% provably fair with an open and transparent guide on how to check each roll, the EOS and Chainlink Blockchain hashes are being used to generate 100% randomness.

Hype NFTs

Hype NFTs are the official NFTs of Hypeloot .com ($HPLT), it will initially only be available to presale contributors, on launch, these NFTs can then be traded, bought, sold and used on Hypeloot .com for free bets, staking pools, increased rakeback and much more. These NFTs are strictly limited and will not be minted more than the given supply.

Hypeloot .com Numbers and Outlook

Hypeloot has generated over $1 Million in revenue in 2023, given that regular slot and live casino games will be added soon, it is expected to have a significant surge in the coming weeks as this is anticipated by a lot of current users, this new addition also open the door to a lot of new user acquisition as well as higher profit per user given all the new game modes.