Blockchain
Binance Smart Chain Funds Decentral Games Via its $100 million Accelerator Program
With the newly garnered support, Decentral Games will usher in new innovations to expand the rapidly-evolving blockchain metaverse, Play-to-Earn Gaming vertical, and NFT markets on BSC.
Decentral Games (DG), a leading metaverse-native GameFi DAO has secured significant support and funding from Binance Smart Chain’s $100 million Accelerator Fund.
Decentral Games, the leading play-to-earn platform and the disruptor to traditional gaming, will use the financial resources to usher in new innovations to expand the rapidly-evolving blockchain metaverse, GameFi vertical, and NFT markets on the Binance Smart Chain (BSC).
Binance Smart Chain’s funding also enables Decentral Games to accelerate the creation of new games and features for its existing six metaverse venues with new venues and games lined up in the coming weeks.
Equally important is that this funding partnership exposes Decentral Games to Binance Smart Chain’s millions of users worldwide and its more than 800 dApps, strengthening the long-term permanence of Decentral Games’ play-to-earn economy. And with the ICE Poker product, Decentral Games’ latest and much anticipated play-to-earn product designed to boost concurrent and daily players, Binance Smart Chain’s scalability advantages will ensure users continue to enjoy the experience they’ve come to expect as GameFi grows in popularity.
“With Decentral Games paving the way for GameFi projects to connect crypto with entertainment, play-to-earn incentives models have a higher scope for better mass adoption,” said Samy Karim, BSC Ecosystem Coordinator. Mr. Karim pronounced those words when announcing BSC’s decision to fund DG. “In line with the investment, we will support DG and help it flourish in the BSC ecosystem.”
“The Binance Smart Chain ecosystem bolsters a range of NFT, Infra, and GameFi projects that have accelerated the growth of crypto with a multitude of real-life use-cases,” said Mr. Karim. “We’re constantly looking to collaborate with projects that help new users navigate an easy point of entry into DeFi.”
Decentral Games Founder Miles Anthony shared, “The DG team is proud to have Binance Smart Chain’s support and trust in our bold vision for the future of entertainment and free play, EV-positive gaming in the metaverse.”
The strategic investment in Decentral Games follows a series of other investments and partnerships that further show how strong the metaverse gaming project is and how much global interest it has garnered globally.
Industry giants such as Digital Currency Group, Polygon, Decentraland, Arca Funds, Hashkey, and Collab+Currency, along with the new addition of BSC accelerator funds, have strategically partnered with Decentral Games.
BSC’s cross-chain ecosystem supports the seamless onboarding of projects bridging from Ethereum, leading it to become the fastest-growing DeFi chain by volume in recent months.
Experts have estimated that the traditional gaming sector is poised to see a 9.64% CAGR from 2021 to 2026. At the intersection of cryptocurrency and virtual gaming, a similarly prolonged growth trend is underpinned partly by innovations in the emerging play-to-earn movement.
As the BSC ecosystem boasts ongoing critical user growth, it avoids the risks associated with scalability-related bottlenecks, including high transaction fees. BSC users currently benefit from lower gas fees 20 times lower when compared to other leading blockchain projects. Simultaneously, transaction volumes have increased sixfold on Binance Smart Chain compared to Ethereum.
Founded in 2019, Decentral Games has become a premier metaverse project within a short timeframe. Its leadership in the metaverse gaming space has helped bring the popular play-to-earn GameFi model to prominence.
The model rewards players for their continued participation on the platform. This unique innovation has allowed Decentral Games to amass a loyal following of dedicated players all invested in the collective proliferation of the brand. And true to its mission statement, play-to-earn has created a direct pathway that enables Decentral Games investors to “be the house”.
As new users are onboarded and begin to participate in the financial incentive structure offered by the platform, the growth of Decentral Games’ user base effectively raises the aggregate value of the project’s economy.
This year, Decentral Games has seen an outsized increase in demand for their immersive metaverse environments, enabling them to expand their product offerings and market segments. Decentral Games’ foray into the nightlife space with the debut of a virtual nightclub venue, and the NFT space with the addition of a dedicated platform for digital assets, have both greatly expanded the value proposition of the overall DG experience.
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
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.
Blockchain
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
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