Builder+ By BTCS: Expected To Drive Scalable Revenue

https://cryptocoin.news/news/builder-by-btcs-expected-to-drive-scalable-revenue-98328/?utm_source=rss&utm_medium=rss&utm_campaign=builder-by-btcs-expected-to-drive-scalable-revenue

In a move aimed at enhancing its Ethereum blockchain operations, BTCS Inc. unveils Builder+, a novel tool to help node validators optimize their block construction and thus unlock higher revenue. This initiative underscores BTCS’s dedication to leveraging technological advancements to foster growth in the burgeoning Ethereum blockchain sector. Unlocking New Revenue Streams Builder+ optimizes block […]

The post Builder+ By BTCS: Expected To Drive Scalable Revenue appeared first on CryptoCoin.News.

BTCS’ Builder+ Launches Optimized Block Construction For Ethereum

https://cryptocoin.news/news/btcs-builder-launches-optimized-block-construction-for-ethereum-98317/?utm_source=rss&utm_medium=rss&utm_campaign=btcs-builder-launches-optimized-block-construction-for-ethereum

As Ethereum continues to innovate in the blockchain scene, the demand for technological tools to support its operations grows stronger. BTCS Inc., a seasoned player in the blockchain field, steps up to this challenge with its latest innovation: Builder+. This tool is designed to improve the way Ethereum block validators operate, boosting their earnings by […]

The post BTCS’ Builder+ Launches Optimized Block Construction For Ethereum appeared first on CryptoCoin.News.

Exploring the Influence of News and Events on Bitcoin Price

https://dailyhodl.com/2024/01/25/exploring-the-influence-of-news-and-events-on-bitcoin-price/


Ever noticed how Bitcoin prices swing wildly after certain news hits the headlines?

The volatile digital currency can see its value change rapidly with market buzz, often triggered by media reports and global events.

This article dives into the powerful effect that news and happenings have on Bitcoin’s price, laying out clear insights for curious minds.

Stick around to unveil the mystery behind each uptick and dip in this cryptocurrency rollercoaster.

Key takeaways
  • Different types of news especially those about government regulations and recognition of cryptocurrencies can cause Bitcoin’s price to jump up or crash down. This shows just how quick and strong the impact of new information can be on its value.
  • The method for studying Bitcoin prices includes using natural language pre-processing to sort out important parts of the text in news articles. Steps like tokenization, removing common words and figuring out sentiment in articles help prepare data for deeper analysis.
  • Analyzing discussions around crypto crime reveals that negative media coverage about hacking or fraud leads to uncertainty in the market and can result in sudden price drops for Bitcoin.
  • News related to government decisions on cryptocurrency plays a big role too. When governments talk about their regulatory plans, it can lead to fast changes in how much people think Bitcoin is worth.
  • Looking at media discourse which means all the conversation happening about something helps us understand why Bitcoin’s price moves as it does. Talk around market trends and economic signs within cryptocurrency affects investor choices and therefore impacts its price.
Current literature on the influence of news on Bitcoin price

Recent studies dive deep into how news affects Bitcoin’s unpredictable price movements.

Researchers analyze heaps of data, from financial reports to social media buzz, trying to link events with the coin’s market dynamics.

They find that certain types of announcements have a strong pull on its value.

For instance, when governments talk about regulation or recognize cryptocurrencies, it can send Bitcoin’s price skyrocketing or plummeting.

Experts are also discovering that investor sentiment, which is often swayed by news coverage, plays a crucial role in driving Bitcoin volatility.

Market analysis shows the impact can be immediate and significant.

A single headline has the power to sway thousands of traders within minutes.

This reveals just how sensitive Bitcoin is to public perception and news dissemination factors that traditional assets like stocks may not respond to as quickly or intensely.

Data collection and preparation

After reviewing the current literature, the next step in exploring the influence of news and events on Bitcoin price is to collect and prepare data.

This includes natural language pre-processing and categorizing media articles by discourse to analyze their impact on market volatility.

Natural language pre-processing

The natural language pre-processing involved in the analysis of the influence of news and events on Bitcoin price includes several key steps.

  • Tokenization Breaking down textual data into words, phrases or other meaningful elements for further analysis.
  • Stop word removal Eliminating common words such as ‘and,’ ‘the’ and ‘but’ that do not carry significant meaning in the context of the analysis.
  • Lemmatization Reducing words to their base form to ensure consistency and remove variations.
  • Part-of-speech tagging Identifying the grammatical parts of each word to understand its role in a sentence and extract relevant information.
  • Named entity recognition Identifying and categorizing named entities such as organizations, people and locations mentioned in the text for further analysis.
  • Sentiment analysis Assessing the overall sentiment conveyed by the news articles to understand their potential impact on Bitcoin price fluctuations.
Methodology for analyzing news and event impact on Bitcoin price

The methodology involves using natural language pre-processing to prepare data, then utilizing LDA topic modeling to determine the number of topics and coherence scores for evaluation.

Media articles will be categorized by discourse to analyze the impact on Bitcoin price.

Determining number of topics with LDA topic modeling

To determine the number of topics using LDA topic modeling, use the following steps.

  • Use LDA to identify underlying themes within the data.
  • Evaluate the coherence scores for different numbers of topics to find the most coherent model.
  • Categorize the media articles based on their discourse, such as economic news, market events, government regulation and market sentiment.
  • Analyze how the identified topics align with the key keywords like blockchain, economic, speculation and technology from the data collection.

Coherence scores evaluation

During the evaluation of coherence scores, the following steps were taken to assess the quality of topics extracted from the news articles and their relevance to Bitcoin price movements.

  • Calculating coherence scores Coherence scores were calculated using mathematical models to measure how well the topics captured in the news articles align with each other and predict Bitcoin price trends.
  • Comparison with market influencers The coherence scores were compared with prominent market influencers to validate the accuracy of topic extraction from media articles.
  • Correlation with price analysis The coherence scores were analyzed for correlation with price analysis data to determine if there was a meaningful relationship between the topics discussed in news articles and Bitcoin price fluctuations.
  • Impact on investment decisions The coherence scores were also considered in assessing their potential impact on investment decisions and market regulation strategies related to Bitcoin.
  • Utilization in financial news discourse Lastly, findings from coherence scores evaluation were utilized to understand how they could contribute to improving financial news discourse concerning Bitcoin’s market drivers and dynamics.
Categorizing media articles by discourse

Categorizing media articles by discourse is a crucial step in understanding the influence of news and events on Bitcoin price.

The process involves the following steps.

  • Identifying key topics within the media articles related to Bitcoin and cryptocurrency.
  • Grouping the articles based on their thematic content, such as market trends, regulatory developments, security breaches or technological advancements.
  • Analyzing the sentiment and tone of the articles to gauge their potential impact on investor perceptions and market dynamics.
  • Creating a framework for categorizing articles into relevant discourse categories to assess their effect on Bitcoin price fluctuations.
Results and discussion

The relationship between discourse and Bitcoin price will be explored, along with the impact of crypto crime, crypto governance and crypto economy and markets discourse.

The findings will shed light on the influence of news and events on Bitcoin’s price movements.

Relationship between discourse and Bitcoin price

The discourse surrounding Bitcoin has a demonstrable impact on its price movements.

Media articles and public discussions influence market sentiment, which affects the demand for and value of Bitcoin.

Crypto crime discourse, crypto governance discussions and conversations related to the crypto economy all play a role in shaping market perceptions and subsequently influencing Bitcoin’s price fluctuations.

Analyzing the relationship between media discourse and Bitcoin prices reveals that shifts in public sentiment can lead to significant changes in cryptocurrency values.

The prevalence of various topics within news articles can signal potential trends or shifts in investor behavior, making it crucial to monitor media narratives alongside other market indicators when evaluating potential price movements.

Impact of crypto crime discourse

Crypto crime discourse significantly influences the volatility of Bitcoin prices.

Media coverage highlighting criminal activities such as hacking or fraud contributes to price fluctuations, creating uncertainty in the market.

This kind of negative portrayal affects investor sentiment and can lead to sell-offs, resulting in sudden drops in Bitcoin’s value.

Moreover, discussions around crypto crime fuel regulatory scrutiny and intervention, impacting market dynamics.

Heightened awareness about security risks leads to increased demands for tighter regulations within the cryptocurrency space, influencing investor behavior and affecting Bitcoin price movements accordingly.

Impact of crypto governance discourse

The impact of crypto governance discourse on Bitcoin price reveals a significant correlation between regulatory developments and market fluctuations.

Regulatory news, including government decisions and policy announcements, can trigger rapid price movements in the cryptocurrency markets.

These discussions often lead to increased volatility as investors react to potential changes in regulatory landscapes, emphasizing the critical role of governance-related discourse in shaping market sentiments and influencing Bitcoin’s value.

Impact of crypto economy and markets discourse

Transitioning from the impact of crypto governance discourse, understanding the influence of crypto economy and markets discourse on Bitcoin price is crucial.

This discourse revolves around discussions related to market trends, investment strategies and economic indicators within the cryptocurrency ecosystem.

Analyzing this discourse provides insights into how news and events surrounding market performance affect Bitcoin’s valuation.

Examining the impact of crypto economy and markets discourse reveals valuable information about investor sentiment, market volatility and regulatory developments that directly impact Bitcoin prices.

Conclusion

In conclusion, our analysis reveals a strong correlation between news discourse and Bitcoin price fluctuation.

The impact of crypto crime, governance and market discourse significantly influences the cryptocurrency’s value.

Our research methodology effectively categorized media articles and identified the relationship between news events and Bitcoin price movements.

Understanding these dynamics is crucial for investors navigating the volatile cryptocurrency markets.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Exploring the Influence of News and Events on Bitcoin Price appeared first on The Daily Hodl.

Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App

https://dailyhodl.com/2023/11/22/yubo-ruan-revolutionizing-web-3-0-with-a-web-3-0-super-app/


Web 3.0 the decentralized future of the internet holds immense promise, yet it’s often shrouded in complexity.

At ParaX, we’re on a mission to ensure that Web 3.0 becomes accessible to everyone. We’ve developed a comprehensive ecosystem and cutting-edge technologies to simplify the Web 3.0 experience.

ParaX – making Web 3.0 user-friendly

ParaX isn’t just another blockchain project. It’s a user-centric ecosystem designed to bridge the gap between blockchain’s complexity and everyday users.

Our goal is clear to make Web 3.0 accessible, user-friendly and efficient.

The ParaX ecosystem
  • MUI (meta user interface) Imagine a single intuitive portal that aggregates various Web 3.0 applications, simplifying navigation. The MUI is your gateway to Web 3.0.
  • Account abstraction Traditional blockchain transactions are rigid. ParaX introduces account abstraction, allowing flexible transaction formats.
  • Mini-applications We offer mini-applications for specific tasks, making Web 3.0 interactions straightforward, whether it’s managing assets, participating in DeFi or engaging with NFTs.
  • AI-powered transaction interpreter Web 3.0’s technical intricacies are a barrier. ParaX’s AI interpreter translates user intentions into actionable blockchain operations, making complex transactions simple.
  • Off-chain provable compute layer Our off-chain compute layer streamlines cross-domain interactions, making Web 3.0 domains easily accessible.
Setting a new standard

ParaX is revolutionizing the Web 3.0 user experience. Our commitment is to provide unparalleled efficiency and simplicity, welcoming users from all backgrounds.

ParaX ZkRollup – scaling Web 3.0

Beyond simplification, we address scalability with ParaX ZkRollup a type 2.5 ZkRollup solution that redefines blockchain performance.

Unleashing ZkRollup

ZkRollup technology is renowned for scalability without compromising security. ParaX ZkRollup goes further, fully compatible with EVM (Ethereum Virtual Machine) opcodes.

The sequencer Reth

Reth, our sequencer, optimizes transactions with components like the transaction pool and state storage, ensuring seamless operations within ParaX.

Consensus and speed

To achieve exceptional transaction speeds and minimal block confirmation times, we incorporate robust consensus mechanisms like diemBFT and hutstuff.

Efficiency through ProtoStar and NIVC

ParaX ZkRollup optimizes efficiency with ProtoStar and NIVC (incremental verifiable computation) proof systems. Hardware requirements for provers are reduced, enhancing accessibility.

ParaX ZkRollup – the future of scalability

We understand that scalability is vital for Web 3.0’s accessibility. ParaX ZkRollup delivers high performance, efficiency and user-friendliness within our ecosystem.

AI – elevating user experience with ParaX-GPT

Web 3.0’s growth is impressive but complex, posing a challenge in engaging non-technical users. ParaX-GPT is our solution, focused on user intent.

Intent-based interaction

ParaX-GPT simplifies Web 3.0 by offering intent-based interaction, shielding users from technical details. It translates complex user intentions into manageable subtasks.

The power of ParaX-GPT

This system uses a real-time knowledge base for contextual support, ensuring users can articulate their goals with ease. It efficiently coordinates task execution by scheduling suitable agents.

A bright future for Web 3.0 interaction

ParaX-GPT’s AI automation for user intent enhances the user experience in Web 3.0. It empowers users from all backgrounds to participate in this revolutionary ecosystem.

Join us in improving Web 3.0

ParaX is committed to reshaping the Web 3.0 landscape, making it inclusive and user-centric.

With ParaX-GPT as our guide, we aim to bridge the gap between blockchain complexities and everyday users.

ParaX is more than a project it’s a movement to make Web 3.0 revolutionary for everyone.

Join us in this exciting journey to unlock the potential of blockchain technology on a global scale.

For more information, please visit YuboRuan.com.

About Yubo Ruan

Yubo Ruan is a notable figure in the tech and investment industry, with 13 significant science and technology invention awards and five patents to his credit.

During his high school years, he founded Alisimba, an educational platform focused on children’s financial education, which was later acquired by the Tophacker Group.

Yubo also co-founded Skylight Investment, securing $10 million in funding and specializing in deep tech startups.

In 2017, he initiated the establishment of Eight Decimal Capital, a blockchain and DeFi investment firm with a portfolio of over 40 companies and $60 million AUM.

Additionally, he launched Parallel Finance in 2022, backed by Sequoia, Founders Fund and Coinbase Ventures.

Yubo’s educational journey encompasses studies in computer science, finance and economics, including his time as a Stanford dropout.

His latest project, Parallel Finance, boasts an impressive $130 million in TVL (total value locked).

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Yubo Ruan – Revolutionizing Web 3.0 With a Web 3.0 Super-App appeared first on The Daily Hodl.

Launching a First-of-Its-Kind Innovation – ParaX Creates and Deploys Chainlink’s CCIP for Enhanced Accuracy and Gas Efficiency in NFT Oracles

https://dailyhodl.com/2023/11/15/launching-a-first-of-its-kind-innovation-parax-creates-and-deploys-chainlinks-ccip-for-enhanced-accuracy-and-gas-efficiency-in-nft-oracles/


When it comes to NFT lending, NFT oracles are one of the most important factors in the lending process. NFT oracles must show accurate prices, mitigate risk and be cost-efficient.

To date, we’ve partnered with Chainlink for our oracles due to their effective risk management and mitigation systems, which are powered by their unique algorithm.

We can safely say that their algorithm has worked well to mitigate risk, resulting in ParaX formerly ParaSpace to have the lowest number of liquidations compared to other NFT lending platforms.

While Chainlink’s oracle algorithm has been great at mitigating risk, it falls short on price accuracy, which is also extremely important for NFT lending.

Inaccurate price data could result in unhealthy accounts, a lower borrowing amount and more.

Previously, we’ve tried solving the price inaccuracies by developing our own NFT oracles, which are currently being used for the Bored Ape Yacht Club collection and several other collections.

The main drawback of creating our own oracles is that they consume a lot of gas, which leads to large costs, especially for a protocol that needs price data for over 20 NFT collections.

However, we have found a new way with Chainlink’s CCIP (Cross-Chain Interoperability Protocol), and we’re excited to announce a new NFT oracle solution.

ParaX’s new open-source NFT oracles will now be more accurate and more gas-efficient, while still maintaining best-in-class risk management systems.

By using Chainlink’s CCIP, ParaX can create interoperable NFT oracles which feed price data between a layer two, such as Arbitrum and Ethereum.

By feeding price data on Arbitrum, this enables greater price accuracy and reduces gas consumption by over 50% due to Arbitrum’s minimal gas fees.

Chainlink’s CCIP enables ParaX to securely transfer NFT floor price data cross-chain, whereas the current method involves feeding price data on Ethereum mainnet through three clients.

The first two clients provide straightforward price feeds, while the third client aggregates all the prices onchain to generate a ‘finalize price.’

These transactions are conducted on Ethereum mainnet and thus consume a large amount of gas.

Using CCIP, ParaX can securely transmit NFT price data between a layer two such as Arbitrum to Ethereum mainnet.

The process involves using three clients on Arbitrum to feed price data to ParaX’s ‘NFTFloorOracleProvider.’

After generating the finalize price, it is transferred cross-chain to the NFTFloorOracle contract on Ethereum mainnet.

The ‘lending pool’ then accesses the contract to pull price data and updates the oracles on the app.

Since gas fees are cheaper on Arbitrum, the new oracles can feed data quicker and cheaper than any alternative, giving precise price data at a lower consumption rate.

By utilizing Chainlink’s CCIP to transmit the NFT price data, ParaX’s new oracles give more accurate price data and reduce gas consumption, while maintaining proper risk management strategies.

This innovation enables ParaX to provide accurate, efficient and gas-optimized NFT oracles for not only our users but also for other NFTfi protocols due to their open-sourced architecture.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Launching a First-of-Its-Kind Innovation – ParaX Creates and Deploys Chainlink’s CCIP for Enhanced Accuracy and Gas Efficiency in NFT Oracles appeared first on The Daily Hodl.

You Can Now Charge Your Electric Car With Crypto

https://cryptocoin.news/editorial-article/you-can-now-charge-your-electric-car-with-crypto-94369/?utm_source=rss&utm_medium=rss&utm_campaign=you-can-now-charge-your-electric-car-with-crypto

Owning an Electric Vehicle (EV) is all the rage now with the shift towards sustainable living. However, it’s not always smooth sailing, especially when it comes to the membership hurdles at charging stations. Here’s where the EVDC app strides in as a game changer. This free app, available for both iPhone and Android, makes charging […]

The post You Can Now Charge Your Electric Car With Crypto appeared first on CryptoCoin.News.

Will Solana Reach $30 And Match VC Spectra’s Bullish Momentum?

https://cryptocoin.news/featured/will-solana-reach-30-and-match-vc-spectras-bullish-momentum-91486/?utm_source=rss&utm_medium=rss&utm_campaign=will-solana-reach-30-and-match-vc-spectras-bullish-momentum

In light of the legal action taken by the SEC against Binance and Coinbase, investors are closely observing the price fluctuations of Solana (SOL). The allegations precipitated a decline in the coin’s value by more than 40%, prompting speculation about whether it will ultimately attain the highly sought-after $30 benchmark. On the other hand, VC […]

The post Will Solana Reach $30 And Match VC Spectra’s Bullish Momentum? appeared first on CryptoCoin.News.

The Importance of Crypto Payments in 2023

https://dailyhodl.com/2023/06/07/the-importance-of-crypto-payments-in-2023/


By now you have probably realized that cryptocurrency can no longer be ignored. As each new day passes, cryptocurrencies and digital payments with crypto are continuing to gain traction in the global economy.

One of the key elements driving this trend is the adoption of crypto payment gateways by businesses from all kinds of industries.

In this article, we will explore the importance of crypto payments in 2023 and how they are changing the way businesses handle online transactions.

Understanding cryptocurrency payment gateways

A cryptocurrency payment gateway is a service that facilitates the processing and receipt of cryptocurrency payments for merchants.

Crypto payment gateways like CoinsPaid, PayPal and Coinbase Commerce enable businesses to accept cryptocurrencies alongside fiat money, simplifying transactions and expanding payment options for customers.

These payment providers allow businesses to receive payments in Bitcoin, USDT and many other currencies, which can then be converted into fiat currencies and deposited into the bank accounts of their choice.

This helps businesses offer alternative payment options to customers, removing uncertainties concerning cryptocurrencies and enhancing customer experience.

Simplified transactions using crypto payment processors

A crypto payment processor serves as a bridge between merchants and customers, making it simple for businesses to accept cryptocurrency as payment.

They settle transactions in real-time, allowing for instant transaction settlements and improved customer experience.

Of these crypto payment processors, there are typically two distinct types of gateways custodial and non-custodial.

Custodial crypto payment gateways hold the cryptocurrency generated through sales from merchants in gateway accounts, which can be converted to a preferred fiat currency by the merchant at any time.

Non-custodial gateways, however, process payments, convert the crypto into fiat and instantly transfer the profit to the merchant’s bank account.

How crypto payment gateways work and costs

As mentioned earlier, crypto payment processors work as a middleman between customers and merchants when it comes to accepting crypto payments so that the merchants don’t have to develop an entirely new crypto payment system on their site.

A cryptocurrency payment system streamlines the payment process by instantly converting the payment into the fiat currency of the merchant’s choice and depositing the funds into their account for withdrawal or other purposes.

By using a crypto gateway, merchants avoid the expensive and lengthy process of building their own platform.

When processing payments, these crypto gateways take a small commission but at a much lower rate than traditional forms of payment (i.e., credit cards).

For example, CoinsPaid only charges a 0.8% fee per transaction but also offers other options that can potentially bring that fee down to 0.4%.

Meanwhile, credit card processors like American Express, Visa, Mastercard, etc., charge anywhere from three to five percent or higher.

Three advantages of crypto payment gateways
Instant settlements

Crypto payment gateways enable instant transaction settlements, allowing for quick and efficient payments between merchants and customers.

This reduces waiting times for both parties and improves the overall customer experience.

Fraud protection

Thanks to the transparent and immutable nature of blockchain networks, crypto payment gateways provide merchants with protection against chargeback fraud.

This ensures that once a transaction is completed, it cannot be reversed, offering greater security for merchants.

Support for multiple cryptocurrencies

Crypto payment gateways typically support a wide range of cryptocurrencies, allowing businesses to accept various digital assets as means of payment.

This increases the flexibility of payment options for customers and helps merchants cater to a diverse audience, potentially increasing their market reach.

Three disadvantages of crypto payment gateways
Centralization

Crypto payment gateways act as intermediaries between merchants and customers, meaning the settlement does not take place in a fully decentralized manner.

This goes against the core principle of decentralization that cryptocurrencies were built upon, and some users may view this as a drawback.

Additional costs

Using a crypto payment gateway can be more expensive than making payments directly on the blockchain.

As middlemen, these gateways add their own costs and fees to the transaction, which may result in higher expenses for both merchants and customers compared to direct blockchain transactions.

Trust and security concerns

Since crypto payment gateways are centralized organizations, merchants must place a certain level of trust in the payment processor to deliver high-quality, reliable and secure service.

If a gateway experiences interruptions or gets hacked, merchants may face delayed payments or even lose their funds, raising concerns about the safety and reliability of such services.

Are crypto payment gateways safe

Crypto payment gateways can be safe, but the level of safety depends on the service provider’s security measures, operational practices and overall reputation.

To ensure the safety of a crypto payment gateway, merchants should conduct due diligence before selecting a provider.

Some factors to consider include the following.

Storage and security measures

Investigate how the crypto payment gateway stores cryptocurrencies and subsequent fiat payments.

Check if they use secure storage practices such as cold wallets and multi-signature wallets to minimize the risk of hacks and thefts.

Track record

Research the platform’s history regarding hacks, scams or security breaches. A provider with a strong track record of maintaining security and addressing potential vulnerabilities is more likely to be a safer option.

Customer support and reputation

Verify if the crypto payment gateway offers reliable customer support to address any issues that may arise during transactions.

Furthermore, assess the provider’s reputation by reading reviews from specialized websites and learning about other users’ experiences with the service.

While no system can guarantee complete safety, considering these factors can help merchants choose a crypto payment gateway with a higher level of security and reliability.

Choosing the best crypto payment gateway of 2023

Selecting the best crypto payment gateway of 2023 should involve reviewing the reputation of each platform, checking customer support availability and seeing which option has the most features that best fit your needs.

If we look at CoinsPaid, for example, we can see that it has been around for over nine years, processes more than one billion euros per month and services over 800 different merchants that have a combined audience base of millions.

It also happens to process about eight percent of all on-chain Bitcoin transactions, which has a lot to say about the level of trust they have achieved in the global market.

By reviewing their services and comparing them to other notable competitors, merchants can make the best decision when choosing a crypto payment processor.

Summary

In 2023, the importance of crypto payments continues to grow as more businesses adopt cryptocurrency payment gateways.

These gateways have made it possible for businesses to accept crypto without the hassle of creating their own crypto payment system.

Thanks to this, merchants should no longer be waiting to reach their new crypto audience.

By understanding the advantages and disadvantages of these gateways outlined in this article, merchants can make informed decisions about whether to accept cryptocurrencies and which crypto payment processors to use.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post The Importance of Crypto Payments in 2023 appeared first on The Daily Hodl.

Leading the AI Revolution in Web3: Orbofi AI Raises $2.8M in High-Profile Funding Round

https://www.theblock.co/post/232259/leading-the-ai-revolution-in-web3-orbofi-ai-raises-2-6m-in-high-profile-funding-round?utm_source=rss&utm_medium=rss

Orbofi AI, a leading generative AI engine for web3, games, apps, media, and online communities, is thrilled to announce that they’ve secured a staggering $2.8 million in funding via private and public token sales. The private round was led by a consortium of distinguished venture capital firms including Cogitent Ventures, OIG Capital, CSP DAO, Zephyrus Capital, and Halvings Capital, among others.

In the highly dynamic world of web3, Orbofi AI is establishing itself as a standout player. Their AI engine empowers users to generate a broad range of content, from visual content, 2D images, and 3D assets, sounds, and a variety of other digital content. Moreover, it enables anyone with a phone to create and monetize  AI models, fostering a vibrant and prosperous digital ecosystem.

With a rapidly expanding user base, Orbofi AI already boasts 95k users worldwide and shows no signs of slowing down. Their mission is bold: to power the imaginations of 2 billion people by turning abstract ideas into tangible digital assets.

they’ve forged significant partnerships with key industry giants. These collaborations include work with Triller, the popular social media app with 200 million downloads, and Hollywood actor Danny Trejo. They also utilized their cutting-edge AI systems to create an official 3D space for the 2022 World Cup.

The Orbofi AI team comprises talented individuals, including ex-Ubisoft developers, former employees of ThreeFold, and seasoned AI/ML researchers. Further, they are advised by high-profile individuals from some of the world’s most influential tech companies.

Orbofi AI’s founder and CEO, Benjelloun Oussama, expressed his enthusiasm about this milestone achievement for the company.

“I am absolutely thrilled to take our vision to the next level,” Benjelloun said. “This funding empowers us to move closer to our dream of onboarding the next billion people onto the generative AI bandwagon. We’re not just creating AI-generated content; we’re democratizing it. We’re making it accessible for everyone, ensuring that AI models and AI-generated content become a staple in the hands of the masses. We believe that the ability to create should not be confined to a select few but should be a universal tool for expression and innovation.”

The new injection of funding will provide the necessary firepower for Orbofi AI to accelerate their pioneering work in the web3 space. The company plans to utilize the funding to grow its engineering and expansion teams. In addition, it’s anticipated that these funds will expedite the launch of their mobile app, scheduled for release in Q3 2023.

Soon, Orbofi AI will be releasing an API, aiming to enable developers as well as web2 and web3 applications to seamlessly integrate the Orbofi AI engine into their platforms. This will not only enhance the functionality of these applications but also make the powerful capabilities of Orbofi AI’s technology more accessible to a broader audience.

This substantial raise marks a pivotal moment for Orbofi AI and represents a vote of confidence from some of the most respected names in venture capital. As they continue to innovate at the intersection of AI and web3, the world watches eagerly to see where their ambitions and technology will take them next.

 

This post is commissioned by Orbofi AI and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

Bware Labs Launches $INFRA Token, making high API performance possible within a decentralized Web3 infrastructure

https://www.theblock.co/post/232264/bware-labs-launches-infra-token-making-high-api-performance-possible-within-a-decentralized-web3-infrastructure?utm_source=rss&utm_medium=rss

May 29, 2023 – Bware Labs has announced the launch of their INFRA token, which will take place on May 30, 2023, at 10:00AM UTC. The launch of INFRA reaffirms the company’s mission to become the one-stop shop for high performing infrastructure services and developer tools that assist blockchain builders in every step of their Web3 journey.

In the ever-evolving landscape of Web3, decentralization has emerged as a paramount principle. With the aim of dismantling centralized control and fostering a more inclusive and resilient ecosystem, decentralization holds immense significance. It is the key to unlocking the true potential of Web3 by distributing power, ownership, and decision-making authority among its participants. In this revolutionary journey, Bware INFRA token has emerged as a pivotal catalyst, propelling the decentralization of blockchain API infrastructure to new heights while maintaining a high level of performance, speed, and reliability.

As the utility token in Blast’s staking and delegation mechanism, INFRA was designed to empower individual builders and communities and to serve as the cornerstone of Bware Labs’ vision to decentralize access to infrastructure resources. 

The way in which Blast is aiming to achieve decentralization and become permissionless is by enabling any blockchain node that can maintain the required level of quality to register within the platform. Earning INFRA tokens will encourage operators to run full nodes on all of the Blast supported chains, leading to node stability, a better reallocation of unused resources (thus cutting down on energy use), and lower infrastructure costs. By leveraging INFRA through staking, by becoming node operators, or through delegations, Bware Labs community members gain the ability to contribute to the network’s growth, hold a share in its rewards, and shape its future direction.

Flavian Manea, Co-Founder and CEO of Bware Labs, commented, “The INFRA token is serving as the driving force behind the entire Bware Labs ecosystem. It will enable the full transition of Blast API to a permissionless and decentralized platform and will fuel the platform’s overall growth and development.” 

The total supply of $INFRA tokens has been deployed on Ethereum, and then it will be partially bridged to the Avalanche Chain through the Avalanche Bridge. Set your watches for 30/05/2023, 10:00 UTC, and follow INFRA’s path to decentralization from listing day 1. $INFRA will be available on KuCoin, Gate.io, Bitmart, MEXC, Uniswap, Trader Joe, and xExchange.

Website Blast API Twitter  Discord Medium Telegram

 

This post is commissioned by Bware Labs and does not serve as a testimonial or endorsement by The Block. This post is for informational purposes only and should not be relied upon as a basis for investment, tax, legal or other advice. You should conduct your own research and consult independent counsel and advisors on the matters discussed within this post. Past performance of any asset is not indicative of future results.

Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues

https://dailyhodl.com/2023/03/29/script-network-singularitynet-and-stacks-bring-practical-solutions-to-real-world-issues/


The cryptocurrency market has seen a renewed wave of optimism in 2023, particularly with the emergence of new cryptocurrencies aimed at solving real-world problems that have persisted for decades.

Among the companies leading this movement are Script Network (SCPT), SingularityNET (AGIX) and Stacks (STX), which offer innovative solutions to address some of the most pressing issues in various industries.

Script Network (SCPT) is a layer one video protocol that focuses on solving the problem of high video delivery costs, lack of rewards to TV viewers and insufficient payments to filmmakers.

Powered by the Script Blockchain, Script TV offers decentralized bandwidth and content-sharing incentives at a more affordable rate than conventional service providers.

With a watch-to-earn economy model, users can earn tokens and other rewards while watching content.

Script Network’s solution not only benefits the TV industry but also has wider implications for enterprises that seek to reduce video delivery and storage costs while incentivizing content creation.

SingularityNET (AGIX) is a blockchain-based AI project built on the Cardano network that addresses the fragmented emerging AI market with little to no practical use for companies and users.

AGI refers to any learning machine solution with the capacity to learn and carry out a vast range of tasks otherwise completed by humans.

The SingularityNET platform offers numerous AI products, including an AI marketplace, publisher and machine learning software. Its aim is to provide practical and sustainable solutions that will benefit the entire AI industry and foster innovation.

The STX cryptocurrency platform is designed to address the complete destabilization of the world banking system and the lack of trust in it. Stacks integrates smart contracts and DApps (decentralized apps) into the Bitcoin (BTC) network, making it possible to create trustless solutions to develop, store and create value at scale.

A stable and secure network is ensured by using BTC to create Stacks’ utility token. Stacks’ innovative solution enables the development of sustainable protocols built on Bitcoin, which has been a requirement in the market for over a decade.

In working together, Script Network (SCPT), SingularityNET (AGIX) and Stacks (STX) have the potential to bring significant change to various industries.

By leveraging their respective expertise in video delivery, AI and blockchain technology, these companies can offer practical and sustainable solutions that address real-world problems at scale.

With Script Network’s innovative layer one video protocol, SingularityNET’s advanced AI solutions and Stacks’ robust cryptocurrency platform, these companies can collaborate to provide cutting-edge technology solutions that have the potential to revolutionize various industries, including TV, AI and finance.

As they continue to work together, the future looks bright for these companies as they aim to foster innovation, improve people’s lives and bring positive change to the world.

For more information on these companies and their upcoming developments, visit their respective websites here, here and here.

About Script Network (SCPT)

Script Network is a layer one video protocol that aims to solve issues related to high video delivery costs, lack of rewards to TV viewers and insufficient payments to filmmakers.

Its mission is to provide decentralized bandwidth and content-sharing incentives at a more affordable rate than conventional service providers.

About SingularityNET (AGIX)

SingularityNET is a blockchain-based AI project built on the Cardano network that aims to address the fragmented emerging AI market.

AGI refers to any learning machine solution with the capacity to learn and carry out a vast range of tasks otherwise completed by humans.

About Stacks (STX)

Stacks is a cryptocurrency platform that aims to address the complete destabilization and lack of trust in the world banking system.

Its innovative solution integrates smart contracts and DApps into the Bitcoin (BTC) network, enabling trustless solutions to develop, store and create value at scale.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Script Network, SingularityNET and Stacks Bring Practical Solutions to Real-World Issues appeared first on The Daily Hodl.

Review – Is Cointraffic the Top Choice for Cryptocurrency Ads

https://dailyhodl.com/2023/03/08/review-is-cointraffic-the-top-choice-for-cryptocurrency-ads/


Cointraffic is a globally recognized advertising network for cryptocurrency and blockchain. Based in Estonia, the company has a wide range of crypto projects and publishers that use its services.

Both small and large publishers highly regard Cointraffic’s ad network, which is an effective means of generating revenue for crypto news and blog sites.

The optimized ads that are distributed through the network, along with its crypto press release distribution service, provide benefits to both advertisers and publishers.

Expectations regarding Cointraffic

CPM (cost-per-mile) advertising is used to maximize banner impressions. As a result, publishers who host the advertisements earn a sufficient amount per thousand impressions, with earnings increasing as the advertisement receives more views.

There are various ad models available for advertisers to choose from.

  • Slide banner advertisements – desktop and mobile
  • In-page banner ads – desktop and mobile
  • Sticky footer advertisements – desktop and mobile
  • Local ads – desktop and mobile
  • Notification – desktop and mobile
  • Pop-unders – desktop and mobile
  • Service for distributing press releases and the sponsored content

Each alternative has distinctive characteristics that increase the visibility of an advertising campaign.

The Cointraffic platform enables marketers to track ad performance and make adjustments as necessary. Every ad format provides precise information about impressions, allowing for more refined campaigns and advertising strategies.

Advertisers are assigned a campaign manager who will assist them in optimizing or modifying their campaigns.

Three steps are required to establish a campaign using the native self-service tool. After review, the campaign will instantly commence.

In addition, the ad network employs anti-fraud technology to ensure that spam and other malicious traffic are effectively eliminated.

Choosing partner sites with care

The team at Cointraffic takes pride in ensuring that each advertising campaign receives high-quality traffic. To do this, the team carefully selects partner crypto sites.

Key needs include a professional and trustworthy website with constantly updated, high-quality content.

Websites unrelated to cryptocurrencies or the blockchain are not allowed. Yet, this is essential in ensuring that advertising initiatives reach their intended demographic.

A reputation and track record of excellence

Cointraffic has partnered and connected with over 400 publishers, like CoinMarketCap, Whattomine, The Daily Hodl, Bitcoin.com, and over 1,000 clients, like KuCoin OKX, BitStarz, Bitcasino and others.

Also, since it started, Cointraffic has run more than 5,700 campaigns, proving that it is the leader in its field.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Review – Is Cointraffic the Top Choice for Cryptocurrency Ads appeared first on The Daily Hodl.

Cryptocurrency Explained – From Blockchain to Bitcoin

https://dailyhodl.com/2023/03/07/cryptocurrency-explained-from-blockchain-to-bitcoin/


After doing a little research on the issue of cryptocurrency, you can be sure that no one will deny the fact that cryptocurrency has been one of the hottest topics in the financial world for the past decade.

However, even though everyone is discussing it, many people still do not understand how such a cipher asset works.

In this article, we will give a comprehensive overview of the cryptocurrency landscape from the basics of blockchain technology, to the most popular digital currencies on the market.

So, for those who don’t know anything about this topic, it’s worth starting with the basics. Blockchain is essentially a decentralized ledger in which all transactions made in a particular cryptocurrency are recorded.

Decentralization means that there is no central authority  like a bank or even scarier sounding, the government – to control the data.

This is what makes cryptocurrency so attractive and undeniably revolutionary. Cryptocurrency provides users with a level of financial freedom and independence that was simply not possible before.

Several new cryptocurrencies have emerged that are designed to solve specific problems or meet specific needs in recent years.

  • Ripple is a cryptocurrency designed to make cross-border payments faster and more efficient.
  • Litecoin is a cryptocurrency that was created as a lighter and faster alternative to Bitcoin – and it worked well, to be fair.

These are some new cryptocurrencies that demonstrate the versatility and innovation of the cryptocurrency landscape.

For many and most, the first thing that comes to mind is Bitcoin. Bitcoin was created in 2009 and is considered the first cryptocurrency. It was designed to provide users with a secure and decentralized digital currency that could be used for online transactions.

Today, Bitcoin is the largest cryptocurrency by market capitalization and is used by millions of people around the world.

Another popular cryptocurrency is ETH. Unlike Bitcoin, Ethereum is not only a digital currency but also a platform for creating decentralized applications.

This makes it a powerful tool for developers and entrepreneurs looking to create decentralized applications on the blockchain. Ethereum also has its own cryptocurrency, Ether, which is used to conduct transactions on the network.

Remember, that cryptocurrency is still a relatively new and evolving technology. Therefore, there are many challenges and risks associated with investing in cryptocurrency.

One of the biggest risks is the volatility of cryptocurrency prices. Cryptocurrency prices can fluctuate rapidly and unpredictably, making it difficult for investors to determine the value of their investment unless you’re using some app for crypto trading or a good Bitcoin trading platform. Just keep it in mind.

Additionally, cryptocurrency is not yet widely accepted as a form of payment, which means it can be difficult to use in everyday transactions.

Let’s conclude. Cryptocurrency has a big potential to revolutionize the way we think about money and finance themselves – from the decentralization of blockchain technology, to the versatility of new cryptocurrencies.

There is no doubt that the world of cryptocurrency is an exciting and rapidly evolving space. Yet, as with any investment, it is important to understand the risks – and do your research before investing in cryptocurrency.

It doesn’t matter whether you are a seasoned investor or just starting out. It is always a good idea to consult with a financial advisor before making any investment decisions.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Cryptocurrency Explained – From Blockchain to Bitcoin appeared first on The Daily Hodl.

Casual GameFi Is the Hot New Trend – See How Game Space Is Turning Around the Web 3.0 Mini-Game Matrix

https://dailyhodl.com/2023/02/21/casual-gamefi-is-the-hot-new-trend-see-how-game-space-is-turning-around-the-web-3-0-mini-game-matrix/


2022 was the most important year for GameFi’s development. The innovation from play-to-earn to X-to-earn model – together with the influx of capital raising and users rushing into Web 3.0 – has forged the glory of Web 3.0 gaming.

It’s inevitable to say that when the bear market arrived, the GameFi sector also was affected on some level. Nevertheless, the Web 3.0 gaming market continues to be one of the fastest-growing segments of Web 3.0, with an average number reaching up to 800,000 active unique wallets per day in some periods.

Recently, Game Space has teamed up with Splinterlands, ImmutableX and Big Time to hold one of the largest Web 3.0 gaming tournaments – the Player One tournament – to bring up the hype of GameFi.

The tournament has created mass buzz for the GameFi sector, with over 200,000 Twitter engagements and more than 20,000 on-chain gamers participating in the 10-day tournament.

On top of that, Sky Vee – a streamer with over 1.3 million total fanbase – has also joined the tournament to compete and battle for the ultimate prize pool.

We can see that the love and passion of loyal Web 3.0 gamers are still active in the market, but after Axie Infinity as the representative GameFi version one has faded out from the audience’s eyes, the industry has become quiet and people have high expectations for AAA GameFi projects entering the scene.

Many of the top AAA Web 2.0 games including Zynga and Ubisoft, have once said to enter Web 3.0 but still haven’t taken any moves. This then leads to the question of why AAA games rarely can make it to Web 3.0.

Why do AAA games have difficulties entering Web 3.0

Michael Cameron, CEO of Game Space, previously helped with incubating one of the industry’s first AAA MMORPG Web 3.0 games, ‘Bless Global.’ He states that AAA games require a very high level of entry –usually teams with over $50 million in funding may barely squeeze into this queue.

In addition, long R&D cycles and difficulties in profiting, together with the bear market, are the key factors that are hindering them to make this move.

Cameron also once worked with his team to launch the industry’s first GaaS (GameFi-as-a-service) to help traditional Web 2.0 games to enter Web 3.0 and solve the problems of a high threshold of participation and non-closed-loop transactions for early GameFi users.

However, the downturn of the GameFi sector in the bear market has slowed down the entry pace for Web 2.0 gaming companies. At the same time, there are no explosive new games rising up in the industry.

Under these circumstances, Game Space is turning strategies and found a great opportunity to focus on – casual GameFi (GameFi mini-games).

If AAA games can’t make it, will mini-games

In order to promote GameFi SDK, Game Space developed a Web 3.0 version of the classic mini-game ‘Merge Bird’ in 2022 as a prototype to show gaming developers how easy it can be to bring them rapidly on-chain within seven days.

This small move immediately brought over 20,000 followers on Game Space’s Twitter, and mass casual gamers started to flood the Game Space app. Afterward, Game Space launched ‘Goat! Goat!’ – a classic match-three and clear game) – which acquired more than 600,000 weekly active users in the first week of its launch.

Despite being an easy-to-play and fun game, players can earn mystery boxes of varying rarity such as gold, silver and bronze after passing the round. The mystery boxes can be sold on the NFT marketplace, and by opening the mystery boxes, gamers can win USDT and different levels of Merge Bird NFTs.

The random incentive introduced by the mystery boxes has created high participation for gamers, and data shows that Goat! Goat! has reached over six million rounds, produced over two million mystery boxes and over one-and-a-half million Merge Bird NFTs, setting an all-time record for casual GameFi games.

After these mini-games, Game Space launched ‘Magic Pot’ and ‘MythMania.’ More than one million Merge Bird NFTs were consumed in Magic Pot.

In MythMania, the blind box incentive can be amplified 10 times by paying to open a mystery box, making the whole platform consistently profitable. This case is especially rare in a bear market when the platform has not yet issued tokens to break even and keep growing.

Why casual GameFi is growing against the odds

According to statistics, there are more than four billion users of mini-games in the global market, and the casual games market will exceed $500 million in 2022 alone.

There has always been a huge strength in mini-games, with short and easy development cycles, relatively easy-to-design economic models and a huge user base due to the addition of social attributes.

Moreover, with 77% of the user base and over one billion monthly users, mini-games are often overlooked by the mainstream market but are in fact the mainstay of gaming.

According to Cameron, the success of Game Space in the casual GameFi sector is due to several reasons. First, it is easy to get started. Mini-games are easy to play, flexible and can consume some of the fragmented leisure time, which makes them able to attract a considerable amount of user scale and engagement.

This is a feature and advantage of mini-games compared to AAA games, which require complicated login and account pre-setups.

Second, it’s due to the choices of the mini-games. From Merge Bird to Goat! Goat! and then Melon Fusion, Game Space insists on choosing to transform current or former hit mini-games into casual GameFi games, which brings promise to the games being playable.

Thirdly, the capacity must be efficient. Based on Game Space’s GaaS SDK, all casual GameFi games modifications are now completed within seven days, which is a key reason why Game Space is able to continue to hunt down market hotspots and breakthroughs.

Santosh, a loyal Game Space player, said,

“Before, I would be spending one to two hours on ‘Voodoo’ – a traditional Web 2.0 mini-game platform. After downloading Game Space, I haven’t played any other platform’s games because it [Game Space] has all my favorite mini-games on it. Other than that, I can also win rewards daily. Mini-games are truly a great way to pass time and are friendly to everyone.”

The ‘Lego effects’ of GameFi

The combination of a series of casual GameFi forms an effective ecosystem – similar to the ‘Lego effect’ in DeFi.

Uniswap, for example, developed the underlying protocol for the AMM mechanism, which can be used in various lending platforms such as Curve, while vault projects such as YFI aggregate the proceeds of the various lending protocols.

Each project has only a few or a few dozen developers but building these Lego blocks can form an effective overlay of multiple projects together. Hence, it adds up to a huge DeFi industry.

It is the same for Game Space. The ‘Lego effect’ is evident in Game Space’s casual GameFi hub by launching a series of casual GameFi games to form an ecosystem – each with a separate set of output consumption scenarios – while the USDT, game tools, NFTs and GP (game points) generated in the games can be interchanged and converted to form an effective overlay.

For instance, the mystery boxes obtained in Goat! Goat! can be used in MythMania. The Merge Bird NFTs produced in MythMania can be used in Merge Bird and so on.

The combination of multiple games not only multiplies the fun but also creates a more robust economic model, avoiding the short life cycle of single games in the play-to-earn era.

What’s next for Game Space

Game Space has announced it will be upgraded into a casual GameFi hub to bring an extra hour of happiness for everyone in Web 3.0.

In the first quarter of 2023, Game Space is planning to launch more than 10 hit GameFi mini-games and expand to 20 in Q2.

Game Space’s Twitter followers are about to pass the 100,000 mark and expect to build up to one million users within a year through the casual GameFi strategy, building up to the explosive growth of the bull market in 2024.

Game Space will also launch ‘Galaxy Project Plan’ to invite more small game development teams (CPs) to quickly access the platform, bringing more new ways to play and embracing the growth dividends brought by casual GameFi.

The games that join the Galaxy Project Plan still need to be professional and sophisticated, either new or classic, with a smooth gaming experience and enough mass appeal. Together with partners, Game Space will also work with its partners to explore the future of social gaming, incorporating DIDs and other social GameFi.

About Game Space

Game Space is Web 3.0’s first casual GameFi hub focusing on bringing Web 2.0 mini-games rapidly on-chain. Through free-to-play and Web 2.0 entry methods on the platform, the series of casual GameFi games will form an ecosystem that allows the game’s rewards of USDT, game props, NFT and GP (game points) to interchange and convert to form an effective overlay.

Game Space has already launched classic mini-games such as Goat! Goat!, Merge Bird, Melon Fusion and its own reward-focus game MythMania. Together with partners, Game Space will explore the future of social GameFi, including DID and other Web 3.0 innovations to bring an extra hour of happiness every day for Web 3.0 users.

Website | Twitter | Discord | Medium

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  

 

The post Casual GameFi Is the Hot New Trend – See How Game Space Is Turning Around the Web 3.0 Mini-Game Matrix appeared first on The Daily Hodl.