The year 2020 has been full of blockchain game launches that widened the horizon for gamers and crypto users alike.
Crypto has indeed grown to be a popular digital asset among people. Aside from its undeniable potential to be a great investment and a useful form of transaction, crypto users have also found themselves hooked with how much fun they can actually get with the use of crypto.
Gaming attracts people of all ages. As crypto has proven itself to be a nice companion to online playing sites like bitcasino, people have discovered that games are also a nice reason to be invested in crypto. This is because of the fact that winning in games can actually reward you with additional crypto coins that you may easily add to your digital wallet.
With that, let us take a look at how crypto and gaming are interconnected to one another. Also, guide yourself through a shortlist of blockchain games that you may enjoy in your free time!
How Crypto Is Used on Games
Aside from the formal uses that had made crypto more normalized, game developers may have seemed to discover a way to attract more users. Generally speaking, people love to play games as it takes the stress away while immersing you into a new world inside your gadgets.
People have been very much drawn to improving their characters’ strengths and items just to have better chances of winning more prizes and thus become a successful player with a record full of victories. As the prizes won on games are just available online and are not useful in real life, game developers tweaked their game rewards a little bit.
By making blockchain games, they can now be played with different forms of crypto. Aside from being fun, the best part about these games is the fact that the prizes which players can win are crypto coins which can definitely be used outside the game.
Popular Crypto Games of 2020
By being decentralized, no other mediators are required to stand in the way between game developers and crypto users. With the help of blockchain technology, in-game prizes are now seen to be more useful as they can now be traded or sold depending on how the player wishes to do so.
The year 2020 has been full of blockchain game launches that widened the horizon for gamers and crypto users alike. With that, here is a shortlist of some games which you should definitely check out!
Age of Rust
Developed by SpacePirate Games, this game has continued evolving since 2017 so it can always provide something exciting for its users. The game used to have its own Rustbits cryptocurrency which runs under a Bitcoin-based network. Now, the game is a part of the Enjin coin multiverse of games which is based on the Ethereum blockchain.
The game is now a 3D open-world game that introduces some combat missions. Aside from that, it heavily focuses on exploration and puzzle-solving.
Blankos Block Party
Similar to the popular crypto game called ‘CryptoKitties’, Blankos Block Party is also a collectible game that was developed by Third Kind Games. Having been released by the U.S. blockchain game platform Mythical Games, the game is built on the EOS blockchain and is believed to be compatible even with Ethereum.
Here ‘Blankos’ are vinyl toys which inhabit an upbeat world that is just filled with tons of good times. Despite not being launched yet, the game is widely anticipated by users as it is expected to be a party MMO for PC and Mac.
Gods Unchained
Fuel Bros’ free-to-play TCG successfully pre-sold in 2019 and may actually be the first big blockchain game of 2020. With the help of Ether, the game lets its players be involved in buying and selling blockchain cards that may be used in building out one’s deck. The game also enables its players to make use of a set of non-blockchain cards and some weekly specials.
So far, this game already has an esports tournament called the Gods Unchained World Championship that has a pool prize of $400,000.
The Sandbox
Similar to Minecraft and Roblox, The Sandbox is a game that enables its players to make a world of their own. As a user-generated content platform, players can build objects and use them across the vast world provided in the game.
With a 3D voxel editor for creation, an item marketplace for trading, and a sandbox environment, players can buy LAND NFTs that represent land in their virtual world.
The Six Dragons
This game is an open-world RPG that allows its players to explore, create, and use over 300 blockchain-based game assets. Here, players can create their own powerful characters that may either be wizards, warriors, or clerics. Despite being a single-player game, players can also form groups of five to work on quests altogether.
So far, BlockPegnio, the game developer, is also considering adding options such as PvP battles and a multiplayer mode for two to four players.
OKCoin to Suspend XRP Trading and Deposit from January 4, 2021
Published
10 Minuten ago
on
Dezember 29, 2020
By
According to the announcement, the XRP deposit and trading would be disabled on January 4, 2021, as the lawsuit proceedings are taking place.
OKCoin has announced its intention to suspend XRP trading and deposit following the recent lawsuit against Ripple Lab, the company behind the asset, and two executives. This is a huge blow as panic withdrawal has been triggered with investors under pressure to switch to other assets. Coinbase has also announced that they will halt XRP trading in the coming year amid the reported lawsuit. The price of XRP has been affected heavily having dropped from its yearly high to as low as $0.22 especially in a period that is supposed to be a celebration for a bull run.
OKCoin Announcement Related to XRP
According to the announcement, the XRP deposit and trading would be disabled on January 4, 2021, as the legal proceedings take place. OKCoin also pointed out two different timelines for the suspension. The first one has to do with users who have borrowed from the XRP/USD margin pair. Those who fall under this category have until 7:00 PM PST January 13, 2021, to return the borrowed value. Users who refuse to abide by this will have to face an automatic liquidation by their system to end the loan contracts as reported by the exchange.
The second suspension timeline has to do with the spot trading, margin trading, and deposit. Customers who fall within this category should be aware that the above-mentioned activities would be suspended starting from 7:00 PM PST on January 14, 2021. OKCoin noted that the ongoing legal battle will take time to resolve, and there is no known date for the legal proceeding to end. For this reason, they will inform their customers when they get access to any information that can influence the change of their position.
The Legal Battle
The US Securities and Exchange Commission has sued Ripple for the illegal sale of securities. This was revealed by the Ripple CEO Brad Garlinghouse in a recent interview. SEC, unlike Ethereum and Bitcoin has refused to recognize XRP as a currency. XRP was premined, and a lion-share of its units are within the possession of Ripple in an escrow, and periodically released into the market.
Garlinghouse argues that they do not tap the reserve funds anyhow as they please. According to him, XRP has become increasingly decentralized in recent times as it has been recognized as a bridge currency for cross-border transactions. In another part, he accused the Trump administration of being hostile to the cryptocurrency market.
He, therefore, believes that the incoming administration may certainly create a favorable environment for cryptocurrency. Also, he assured that they will not allow themselves to be bullied by the SEC, but instead, they will fight for the entire cryptocurrency ecosystem.
Garlinghouse believes that treating XRP as security controlled by Ripple is equal to treating oil as security controlled by Exxon Mobil Corporation (NYSE: XOM).
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Excellent John K. Kumi is a cryptocurrency and fintech enthusiast, operations manager of a fintech platform, writer, researcher, and a huge fan of creative writing. With an Economics background, he finds much interest in the invisible factors that causes price change in anything measured with valuation. He has been in the crypto/blockchain space in the last five (5) years. He mostly watches football highlights and movies in his free time.
Grayscale’s AUM Hits $19B, Up from $16.4B Announced Week Ago
Published
51 Minuten ago
on
Dezember 29, 2020
By
While it may be too early to project the possible performance of Grayscale in 2021, the spate of patronage the company recorded in the last two quarters of 2020 looks quite inspiring.
In what confirms the continued embrace of Bitcoin (BTC) and altcoins by institutional investors and the big-money clients, Grayscale’s total Assets Under Management (AUM) has been reported to top $19 billion, a significant uplift from the $16.4 billion reported a week ago. According to a report by CoinDesk, Grayscale hit this AUM milestone on December 28, and Grayscale’s Bitcoin Trust holds by far the largest chunk of the total assets at $16.3 billion.
The recent rally of Bitcoin to new highs as recorded in the past days started as a chain reaction that took its precedent months ago when Wall Street firms and institutional investors began betting big on Bitcoin. The investment made by the likes of MicroStrategy Incorporated (NASDAQ: MSTR), Square Inc (NYSE: SQ), and PayPal Holdings Inc (NASDAQ: PYPL) did not just help put Bitcoin in the limelight through mainstream media, it also prompted the embrace of the digital assets by other firms.
With this chain reaction, the price of Bitcoin continued to soar in response to boosted demand for the coin, and institutions like Grayscale that serves institutional investors benefited from this new demand, and hence, the continued increase in the firm’s AUM. Besides BTC, Grayscale’s Ethereum (ETH) AUM is now worth $2.1 billion, while the bulk of smaller holdings in Litecoin (LTC), XRP, and ZCash amongst others helped Grayscale’s total AUM to reach the new milestone.
Grayscale’s AUM May See More Boost in 2021
While it may be too early to project the possible performance of Grayscale in the coming year 2021, the spate of patronage the company recorded in the last two quarters of 2020 makes the case for improved performance provided the tempo is sustained.
Just as has been noted earlier, the continued embrace of cryptocurrency assets by highly liquid companies will continue to have a positive reaction on the price of Bitcoin, and by extension, this will even make more people pick interest in BTC. As a relatively young asset class, Bitcoin and altcoins have tremendous room to grow as the adoption rate is still not optimized owing to certain regulatory provisions in most countries, Grayscale and other hedge funds have enough room to compete for new clients entering the space.
With Grayscale been among the institutions at the forefront of helping to drive the acceptance of BTC, ETH, and other digital currencies, enjoying the dividends of its works through impressed AUM figures does not come as much of a surprise.
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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Following the Bitcoin all-time high on Sunday, December 27, Riot Blockchain stock registered 20% gains on Monday’s trading session. The stock has already appreciated by 13x this year. Apart from BTC, investors of Bitcoin mining companies are making a bomb in the market.
Bitcoin mining giant Riot Blockchain is making all the news in the market at the moment. On Monday, December 28, Riot Blockchain Inc (NASDAQ: RIOT) stock price surged a massive 20% surging past $15.5 levels. One of the biggest milestones with the Monday rally is that the Riot Blockchain has clocked a $1 billion market cap.
The latest price rally comes as Riot Blockchain hints at going aggressively on its Bitcoin mining business. Last week, the Riot Blockchain added new S19 Pro Antimers to its bitcoin mining arsenal. The company announced the purchase of an additional 15,000 Bitcoin (BTC) mining machines from Bitmain. The recent purchase also pushes Riot’s total fleet to 37,640 Next-Generation Bitmain Antminers.
Riot said that the fresh purchase of Antminers will help the mining company to attain a 65% jump in its mining hash-rate. RIOT stock has registered an unprecedented rally this year in 2020. RIOT stock has multiplied by 13x this year registering a 1200% surge so far.
Riot Blockchain has issued nearly 17 million shares since November 2020 with its total outstanding shares going to 67.5 million. It has been a phenomenal journey for Riot ever since it ventured into the Bitcoin mining business in October 2017. With valuations less than $50 million back then, Riot has grown more than 20x in size as of its latest stock price.
RIOT Stock and Shares of Other Bitcoin Mining Companies Profit from BTC Bull Run
The recent Bitcoin (BTC) price rally during Q4 2020 has also pushed the stocks of Bitcoin mining companies to new highs. Earlier on Sunday, December 28, the BTC price hit its all-time high of $28,000 in a massive bull run followed by huge institutional inflows.
Moreover, along with the BTC price rally, the Bitcoin hash-rate has jumped significantly since November 2020. Over the last two months, the BTC hash-rate has surged nearly 30% and is currently at 132 TH/s. The surge in the hash-rate suggests higher mining activity for Bitcoin.
As a result, Bitcoin mining companies have been making massive purchases of the BTC mining machines. In addition to Riot Blockchain, other giants like the Marathon Patent Group have made aggressive purchases over the last few months. Just like RIOT, the Marathon Patent Group (NASDAQ: MARA) has registered a phenomenal rally of 18% on Monday, December 28. MARA stock has multiplied investors’ wealth by 12x in 2020. It means the MARA stock has also given phenomenal 1100% returns year-to-date.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
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