Kategorie: Crypto Business

• Revolving Games raised $12 million in pre-seed financing and another $13.2 million in seed funding from investors led by Animoca Brands and Pantera Capital.
• The company will use the capital to develop its blockchain-based games.
• Its ‘Skyborne Legacy’ title on Polygon is expected in early October.

Gaming studio Revolving Games has closed a $25 million funding round as it looks to advance development of blockchain-based games, according to details shared on Friday.

The funding includes a pre-seed financing round that netted the Web3 game developer $12 million from investors and a further $13.2 million in new capital raised in a seed round.

Revolving Games to release game on Polygon

The company, founded in 2020 as a mobile game studio and before the Web2 era began to pave way for Web3, raised the funds over the past two and half years. Top venture firms Pantera Capital and Animoca Brands are among prominent investors to back the investment.

“Web3 gaming is one of the most innovative and rapidly developing sectors within the crypto industry, and we’re proud to be in the vanguard of this digital revolution,” Pantera Capital general partner Paul Veradittakit commented.

Other investors backing the blockchain-focused game developer are Polygon, Kenetic, Dapper Labs and Permanens Capital Partners. Rockstar Games co-founder Dan Houser, who is an adviser at the company, also participated in the latest round.

Revolving Games plans to use the funds to build AAA blockchain games, including a second title to add to its Battlestar Galactica. As noted in the press release, the second title will be a blockchain-based MMO game dubbed ‘Skyborne Legacy’.

The game will be anchored on the Polygon blockchain. Skyborne Legacy is set for release in early October.

“With 2 studios and a team of 100+, we’re committed to building high-quality AAA titles that are fun and lasting. We understand that any successful game starts first with constructing vast online worlds, and we’ve brought in key hires and strategic investors to help us do that,” the team tweeted.

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Calypso Pay users can now enjoy support for additional cryptocurrencies on the Tron (TRX), Polygon (MATIC) and BNBChain (BNB). 

Calypso Pay, an all-in-one crypto processing & acquiring platform, announced on Tuesday, September 6th, that it has added support for new currencies on Tron, Polygon and BNBChain. 

According to the company, the list of new currencies includes USDT TRC-20, USDT on Polygon, MATIC, BNB and BUSD. Thanks to this latest development, Calypso Pay users can now make and accept payments in the added cryptocurrencies. 

While commenting on this latest development,  Alexey Korneev, Operations Director, said;

“We at Calypso Pay work hard to provide one of the best solutions on the market for our customers. Previously Calypso Pay allowed its customers to accept payment with USDT ERC-20, BTC, ETH, USDC, and many others — today, we’re glad to announce we’re adding support for new blockchains and now enable our users to operate with USDT TRC-20, MATIC, USDT on Polygon, BNB and BUSD with more coins to follow to cover the growing demand of our users.”

Calypso Pay enables users to receive payments from their clients fast and in a secure way. With Calypso Pay, users can create invoices and/or use a payment widget to accept payments, initiate payouts for individuals or make payments to up to 1000 recipients at the same time. Furthermore, the platform allows users to manage their finances and more. 

This latest development comes a few weeks after Calypso Pay partnered with WatchData, a platform that helps web3 developers seamlessly interact with the blockchain, to launch Tron Mass Payouts.

The solution enabled customers to quickly set up Tron payouts to tens of thousands of addresses while saving both time and money on fees. 

The company said it plans to increase functionality for Tron in its platform in the coming months. The adoption comes at a time when the broader cryptocurrency is experiencing a bear market.

BNB, MATIC, and TRX have all lost more than 50% of their values over the past few months. 

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SEC regulated Waves Financial plans to use the acquisition to expand its reach across Europe and globally.

Wave Financial, a digital asset investment manager regulated by the US Securities and Exchange Commission (SEC), has acquired Geneva based crypto asset manager Criptonite Asset Management, according to a press release shared with CoinJournal.

Per the announcement, the acquisition is subject to regulatory approval. However, Los Angeles-based Wave Financial has taken a minority stake in Criptonite and expects to complete a full acquisition – the company’s first in Europe – by the end of the year.

The acquisition comes after an initial strategic partnership between the two companies in 2021.

Demand for managed digital asset funds

Criptonite is regulated by Swiss Financial Markets Supervisory Authority (FINMA) and its managed digital assets-focused products are targeted at institutional and accredited investors only.

Europe has seen this group of investors increasingly look for exposure to the crypto investment asset class, particularly around digital asset funds.

The demand has also seen multiple offerings, including crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs), hit the European market. On the growing list of providers are companies such as ETC Group, Fidelity International, Grayscale and Valour Inc.

By acquiring Criptonite, Wave is positioning itself towards curving a share of the market to provide its digital asset funds and products to qualified investors.

Matteo Dante Perruccio, President International at Wave Financial commented:

“We have seen unprecedented demand from institutional and other accredited investors for professionally managed digital asset funds in Europe. There seems to be a flight to quality taking place, so it makes sense to take our relationship with Criptonite to the next level.”

According to Perruccio, Wave Financial’s acquisition of the Swiss firm is its first outside the United States. However, the company plans to seal further partnerships and acquisitions across the globe to bring its diverse products and solutions to investors.

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Bybit plans to add USDC spot pairs and other products to its retail and institutional clients.

Crypto derivatives exchange Bybit has partnered with digital financial technology firm Circle Internet Financial, the issuer of stablecoins USD Coin (USDC) and Euro Coin (EUROC), in a collaborative effort that will see Bybit launch USDC spot pairs.

The partnership will also see the integration of other USDC-settled products to help accelerate Bybit’s growth as a leading gateway for both institutional and retail traders, the two companies said in a press release.

“We have been building throughout the bear market, and have found USDC to be an excellent fit for our operations,” said Ben Zhou, co-founder and CEO of Bybit.

The initiative comes months after Bybit added support for USDC options, which was the crypto market’s pioneering “stablecoin-margined options contract”. The exchange plans to add Ether and Solana options. 

“After the success of our USDC options, it was opportune to further develop our working relationship with Circle, which has a reputation for openness and integrity in their services and development of cutting-edge financial technology,” Zhou added.

Apart from spot trading and options, ByBit plans to offer other products such as perpetual contracts to further the growth and adoption of USDC. 

The exchange will also leverage its technology to enable instant, automated conversions between the US dollar (USD) and USDC. This will also apply to other Circle-issued stablecoins, Bybit noted.

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Touted as one of the fastest growing crypto betting platforms in this era, 1xBit stays consistent in its resolve to diversify payment options and make gambling operations easier for bettors.

With Cosmos getting added to the over 40 payment methods already available on the platform, existing and new users are regaled with one extra crypto-payment method to explore.

What is COSMOS?

COSMOS (ATOM), popularly called the “Internet of blockchains” is a cryptocurrency whose major aim is to bridge the gap between an ecosystem of blockchains.

The cryptocurrency network is a brainchild of Jae Kwon and Ethan Bochman which was founded in 2014. However, software for Cosmos would end up getting released in 2019.

What’s Unique about Cosmos?

Cosmos aims to achieve what has been a struggle in the crypto space, which is blockchain interoperability. With blockchain interoperability, different blockchain networks can stay in constant communication and share data which can otherwise ease the distribution of digital assets.

One tool provided by the Cosmos network that has proven effective in smooth communication of one blockchain with another in the event of transfer of assets is the Inter-Blockchain Communication (IBC).

The forward-thinking solutions this cryptocurrency provides coupled with its other applications have made it a catch in the crypto space.

It came as no surprise that the site was able to gain 370% in the last quarter of 2021. Cosmos’ progressiveness is said to be responsible for how widely it has gotten accepted in such a short time and is said to be a cryptocurrency that could stand the test of time.

Given 1xBit’s interest in ensuring that it doesn’t just provide numerous crypto-payment options, but the best of the lot, it is not out of the ordinary that the site will move to list COSMOS on its platform.

1xBit Benefits

So far, we have peeked through what you stand to gain using Cosmos on 1xBit, now let’s take it a notch higher by looking at some of the perks of betting at 1xBit.

Over 40 Cryptocurrencies

1xBit’s resolve of ensuring that there are diverse crypto payment options available is one of its selling points. Cosmos is a new addition that just made it to the list and 1xBit doesn’t seem like stopping any time soon as it aims to provide broader payment options. If you are a bettor who doesn’t like to be restricted by choices, this is one reason to come on board.

Instant Payouts

1xBit is one platform that understands the urgency of ensuring users’ withdrawals get processed as quickly as possible. Considering the betting platform capitalizes mainly on crypto as payment options, it explains how payouts get processed in just a few minutes.

Zero Fees

Another perk of using solely crypto payment methods is the fact that there are almost non-existent fees charged on transactions. This cannot be said for betting sites that use regular payment methods which require exorbitant charges, especially for bulk transactions.

Total Anonymity

Imagine a scenario where you can register with a betting platform without necessarily disclosing your personal information. When registering on 1xBit, only your Email is required of you, which is aimed at ensuring that your identity stays protected as much as you would like it.

Easy Registration

1xBit understands the sense of urgency that is mostly reminiscent of new bettors and as such, makes the registration process as simple as possible. So much so that you can get it done in just a few seconds.

Welcome Bonus Up to 7 BTC

Away from the other juicy perks you stand to gain, this one has so far garnered traction for the betting platform. This platform gives you a soft landing as a new user by offering up to 7 BTC in bonuses across the first four deposits. With this mouthwatering offer, you are given enough leverage to make the most out of your bets even as a new user.

Conclusion

Take advantage of the new cryptocurrency, COSMOS, available on 1xBit today, and enjoy seamless transactions like never before!

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