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Iskra Redefines Game Publishing at Korea Blockchain Week, Announces New Games

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Iskra Redefines Game Publishing at Korea Blockchain Week, Announces New Games

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PRESS RELEASE. SEOUL – Iskra took the stage at Korea Blockchain Week, outlining their vision of game publishing in the era of Web3. “The technology is now available for us to provide an ecosystem that enables better outcomes for everyone: players, game developers and the platform itself. There is now an opportunity for every stakeholder (especially players) to share in the overall value created by the game experience: from digital asset ownership, fandom development, to overall community participation.”, explains Ben Colayco, Iskra’s Global Managing Director.

Iskra plans on distributing up to 100% of all platform fees to every stakeholder, based on their participation. Participation is determined through Iskra’s Community Ranking System that measures everything from running an Iskra network node (Pioneer NFT), staking Iskra’s native token (ISK), to simply using platform services. This form of Game Publishing for Web3 includes the players as stakeholders from the very beginning, creating a dynamic where they are no longer the main source of revenue and are now sharing in the overall value created by the game experience. This alignment hopes to create a virtuous flywheel where a highly engaged base attracts the best content, and the best content continues to grow the highly engaged base, while all sharing in value creation.

The Iskra game partnership strategy revolves around game development experience and content-specific potential for web3. Following this criteria, Iskra has signed one new studio to its game line up: HDLABS, HDLABS has experience in the blockchain game space with “Stepwatch”, it’s Move to Earn (M2E) title, and is working on transitioning up to 30 titles from Web2 into Web3. HDLABS and Iskra will be launching a turn-based RPG “Three Kingdoms Multiverse” together in Q4 of 2022.

This brings the Iskra full game line up to four confirmed titles and highly experienced studios, which include Grampus with its popular restaurant simulation game “Cooking Adventure”, Rich Alien’s 3-match puzzle “Cascade Kings”, and Iskra’s own in-house title “Klaymon”, a collectible RPG. More announcements for new games and partners are anticipated by the end of 2022.

Mr. Seok-ju LEE, CEO of HDLABS believes that “The combination of our game expertise, Iskra’s blockchain knowledge and engaged community will deliver the next generation of enjoyable and sustainable game experiences for web3.”

Mr. Ji-in KIM, CEO of GRAMPUS added “We agree with the Iskra philosophy of Play AND Earn, not just Play TO Earn to foster genuine enjoyment and sustainability.”

About Iskra

ISKRA is the Future of Play. The company is backed by some of the biggest technology and game companies from Korea. ISKRA ‘s community-forward system aligns the interests of the community by rewarding its stakeholders based on their participation while integrating sustainable tokenomic solutions for game developers that join its platform. The Company seeks to bridge the gap in web3 adoption between early adopters and the mainstream by combining enjoyment, sustainability and the latest in blockchain technology.

About Korea Blockchain Week

Hosted by FactBlock and co-hosted by Hashed, Korea Blockchain Week, 2022 is a premier crypto and blockchain event bringing together the brightest minds of the industry to discuss, redefine, and celebrate the future of finance and web3.

About HDLABS


HDLABS is a company that is planning to be the perfect center of balance in the rapidly growing and changing metaverse industry. Sharing a vision with various global companies, we hope that developers, investors, and users can all move forward together into a fair and valuable future of blockchain. HDLABS is building and expanding the blockchain system for game development and games by providing innovative blockchain service solutions with creative know-how and experience from various expertise. In addition, HDLABS focuses on continuous research and development of new technologies such as BLOCKCHAIN, NFT, and GAMEFI so that a healthy and infinite ecosystem that can circulate in any variable system. They are trying to make what people have not yet seen before.

About GRAMPUS CWC

GRAMPUS CWC is a subsidiary that develops the blockchain games business of GRAMPUS. GRAMPUS is a video game developer and publisher of casual simulation and metaverse platforms. The company has developed several games for various platforms, such Bingo Adventure, My Little Chef, and Cooking Adventure. GRAMPUS CWC empowers people to own, gain, and trade digital assets through blockchain games, decentralized finance, and intuitive distribution platforms. The ultimate goal is to create a fair and safe digital media ecosystem anyone can enjoy based on casual games.

About Rich Alien

Rich Alien, “Party In, Rich Out” Rich Alien, a subsidiary of the company 111% behind the global hit game “Random Dice Defense,” produces AAA quality 2D based mid-core games. Rich Alien aims to optimize game design and game metrics after the prelaunch of the standalone mobile app. It’s our belief that we should add the “to-earn” components to the mobile game only when we believe we nailed down the game balance and are confident about in-game metrics. The Company has already received an outpouring of support from top gaming companies and gaming professionals from Korea. The first title from Rich Alien is Cascade Kings: it’s a Match-3 puzzle gameplay with base building, saga progression and epic PvP gameplay that involves attacking your friends, stealing coins from others and collecting ultra-rare character cards.


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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4 On-Chain Metrics Show the Bitcoin Price Is Primed for Bullish Explosion

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4 On-Chain Metrics Show the Bitcoin Price Is Primed for Bullish Explosion

Amid recent macroeconomic extremes, Bitcoin has maintained a quiet stance, almost eerie for its HODLers. Nonetheless, its hashrate and accumulation are soaring — what could this mean for its price?

Bitcoin has been consolidating in a narrow range between $18,800 and $20,200 since the mid-Sept price fall. In volatile markets like cryptocurrency, similar quiet periods of consolidation are rare. 

Recent Glassnode findings show that the current BTC price action resembles both pre-crash November 2018 and pre-rally March 2019. Despite price downturns, mining and accumulation statistics are improving. Let’s look into what this means for the health of the network.

Bitcoin hashrate makes new ATH 

Last week, the Bitcoin hashrate made a new all-time high of 242 exahashes per second.

Source: Glassnode

In the chart below, we can see that Bitcoin’s longer-term, slower hash ribbon was once again overtaken by the faster ribbon, indicating improved mining conditions in late August. Since the price saw no major uptick during this time, the rise in hashrate was likely due to more efficient mining hardware and more mining rigs working in general.

Source: Glassnode

Historically, these hash ribbon moving average swaps precede price gains. Historically, when the hash-rate drops and subsequently recovers, major BTC price bottoms have been made. 

Is a price bottom in?

Apart from the hashrate, Bitcoin accumulation levels also reached a 7-year high. CryptoQuant data shows that 6-month-old and older Bitcoins now make up 74% of the realized cap. During the 2019 and 2015 bottoms, this score sat at 70% and 77%, respectively.

Source: CryptoQuant 

Lastly, for the first time in this cycle, the percentage of supply in loss has reached the 50% level.

CryptoQuant data shows that the price bottoms during previous cycles normally occur when the percentage of supply in loss reaches 50% or more.

Source: CryptoQuant

The current data shows the highest percentage of losses at 52% on the daily chart, 50.4% on the weekly (7DMA), and 48% on the monthly (30DMA). 

While quite a few metrics suggest that BTC should be near a bottom, the overall momentum will likely still depend on macroeconomic conditions as well as its correlation with the Nasdaq and S&P 500. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Bitcoin price sees first October spike above $20K as daily gains hit 5%

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Bitcoin price sees first October spike above $20K as daily gains hit 5%

BTC price action sees a new October peak amid a declining U.S. dollar and a successful prior day’s trading for U.S. equities.

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Bitcoin price sees first October spike above K as daily gains hit 5%

Bitcoin (BTC) saw its first trip above $20,000 on Oct. 4 as traders expected familiar resistance to cap gains.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Multi-week dollar lows fuel Bitcoin bulls

Data from Cointelegraph Markets Pro and TradingView showed BTC/United States dollar climbing prior to the Wall Street open, up over 5% in 24 hours.

The pair had shaken off macroeconomic concerns at the start of the week, with trouble at Credit Suisse and the escalating Russia-Ukraine conflict failing to slow performance.

Now, the short-term analysis focused on a run potentially topping out closer to $21,000 — as was the case late last month, as sell-side pressure at that level remained significant.

“20500-21000 is a sell zone. If price gets there, which should, don’t be too bullish,” popular trader Il Capo of Crypto told Twitter followers on the day.

Razzoorn, an analyst at international trade group The Birb Nest, noted that the current charge was Bitcoin’s fifth attempt at escaping a major liquidity cloud in several weeks.

Despite the potentially limited upside opportunity, Bitcoin rallied in line with a broader risk asset tide which saw United States equities finish noticeably higher the day prior.

At the same time, the U.S. dollar suffered, the U.S. dollar index (DXY) extending losses to approach 111 points and threaten support in place since mid-September.

U.S. dollar index (DXY) 1-day candle chart. Source: TradingView

“Up the market goes,” a more optimistic Michaël van de Poppe, CEO and founder of trading platform Eight, continued:

“Flipping $19,500 for support. Now, if range-high at $19,600 holds for Bitcoin, I assume we’ll continue towards $22,400.”

Altcoins attempt to change sticky trend

Across major altcoins, it was Ether (ETH) and Ripple (XRP) leading daily performance at the time of writing. 

Related: CoinShares’ Butterfill suggests ’continued hesitancy’ among investors

ETH/USD traded above $1,350, still yet to break out of its sideways trend in place for several weeks since major losses entered during the post-Merge breakdown.

ETH/USD 1-day candle chart (Binance). Source: TradingView

XRP, on the other hand, faced a more stubborn band of resistance after prior gains, bouncing off multi-week support just below $0.45.

XRP/USD 1-day candle chart (Binance). Source: TradingView

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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McDonald’s starts to accept Bitcoin and Tether in Swiss town

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McDonald’s starts to accept Bitcoin and Tether in Swiss town

The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano.

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McDonald’s starts to accept Bitcoin and Tether in Swiss town

Multinational fast food chain McDonald’s started to accept Bitcoin (BTC) as a payment method in the 63,000-populated city of Lugano in Italian Switzerland, which is becoming a hotspot for crypto adoption in Western Europe. 

A one-minute video of ordering food on McDonald’s digital kiosk and then paying for it at the regular register with the help of a mobile app was uploaded on Twitter by Bitcoin Magazine on Oct. 3. The Tether (USDT)  logo could be spotted next to the Bitcoin symbol on the credit cash machine, which is not surprising, as in March 2022 the city of Lugano announced it would accept Bitcoin, Tether and the LVGA token as a legal tender.

On March 3, 2022, the city signed a memorandum of understanding with Tether Operations Limited, launching the so-called “Plan B.” According to this plan, Tether has created two funds — the first one is a $106 million, or 100 million Swiss francs, investment pool for crypto startups, and the second is around $3 million, or 3 million Swiss francs, attempt to encourage the adoption of crypto for shops and businesses across the city.

In addition to allowing Lugano residents to pay their taxes using crypto, the project will extend payments to parking tickets, public services and tuition fees for students. More than 200 shops and businesses in the area are also expected to accept crypto payments for goods and services.

Related: Swiss Post’s banking arm developing in-house crypto custody platform

Speaking to Cointelegraph in June, Paolo Ardoino, chief technology officer of Tether and Bitfinex, claimed that Plan B “is going great,” announcing a two-week educational activity on blockchain and cryptocurrencies in the city.

In September 2021 El Salvador became the first country in the world to allow using Bitcoin as a legal tender. Since that time, McDonald’s has been accepting Bitcoin at all its 19 outlets in the country.

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