Kategorie: Crypto Business

DEA has released a new game title and launched an NFT sale that goes went live on 18 March.

Digital Entertainment Asset Pte. Ltd. (DEA) has announced the release of a new blockchain play-to-earn (P2E) game titled Cookin’ Burger. The Singapore-based GameFi platform has also launched an NFT presale for the game’s Shop NFT.

A press release shared with CoinJournal noted that Cookin’ Burger is DEA’s fourth title in the blockchain gaming ecosystem. However, it’s the GameFi platform’s first title from a third party in the company’s PlayMining ecosystem.

What’s Cookin’ Burger?

According to DEA, Cookin’ Burger is a blockchain game that simulates the management of a burger shop. The game is designed to “embody the dream of ‘running your own restaurant’”, Burger Studio CEO Takafumi Kiyota said in a statement.

The gaming experience will involve players taking on multi-tasking roles in a cooking game. Within the game, players will take on the roles of a burger shot staff and compete in serving customers.

DEA plans to officially unveil a beta version of the new game in May, although the Shop NFT presale goes live today 18 March at 11:00 (UTC+8).

In-game  rewards include DEAPcoin ($DEP)

In-game rewards are available when players successfully complete daily missions, weekly events or rank higher on monthly top performer lists. Players will also get a chance to win DEAPcoin ($DEP), an in-game reward token.

The launch of Cookin’ Burger comes as DEA, founded in 2018 in Singapore, looks to dive into the world of gaming finance with a play-to-earn (P2E) game and NFT marketplace.

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The funding round was co-led by Andreessen Horowitz’ a16z and major crypto VC firm Paradigm.

Optimism, a layer 2 scaling solution on the Ethereum network, has secured $150 million in a Series B funding, the blockchain platform announced on Thursday.

Heavyweight crypto investors Andreessen Horowitz (a16z) and Paradigm co-led the financing round. The firm added in details shared via a Medium post that the funding round had the blockchain firm at a valuation of $1.65 billion.

After over a year on mainnet, our milestones keep adding up: $1B in gas fees saved for users, thousands of smart contracts deployed, three separate forks…

And now: funds raised to the tune of $150M, giving us runway to keep shipping rain or shine.https://t.co/pBC2jmXtnh

— Optimism 🔴✨ (@optimismPBC) March 17, 2022

The Optimism mainnet has been live for over a year and in that time, the L2 solution has seen users save over $1 billion in gas. The success of its technology has also seen projects deploy thousands of contracts.

The open-source code has also seen three popular forks, with the platform firmly in the limelight across the Ethereum ecosystem.

Per the Medium post, the team at Optimism now plans to take their work across the network to the next level. This, they revealed, will happen with further strengthening of its team.

The startup is now one of the latest Unicorns in the crypto space and its continued development comes amid fresh impetus in the NFTs and DeFi sectors.  Scaling solutions such as Optimism are crucial as they help investors save on transaction fees, which can be prohibitive on the Ethereum network.

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• The contest seeks to unveil “compelling introductory videos” free of tech jargon, but which highlight Alephium’s value proposition.

Alephium, a high-performance and scalable blockchain that was the first to implement native shard transactions, has announced a video creation contest as it seeks to “attract and engage new users.”

Creators will compete to earn from a prize pool of 10,000 ALPH, the Swiss-based blockchain platform said in an announcement shared with CoinJournal on Thursday.

An accessible gateway to Alephium

One of the barriers to greater adoption of crypto and the underlying blockchain technology is the “complex” nature of the concepts to new users.

In most cases, it’s the less tech-savvy that find it hard to wrap their heads around some features and functionalities. Alephium’s novel Proof-of-Work mechanism, ETH-inspired smart contracts and UTXO model could be such hurdles.

Cheng Wang, the co-founder of Alephium said:

“We need something that can serve as an accessible gateway for new users, we need great introduction videos. Our community members have amazed us with their content creation skills to date, so I’m confident this video creation contest will help us gather creative videos that best describes Alephium.”

Videos should be tech-jargon free

The easy-to-understand video will cover all the basic introductory topics as articulated in “Welcome to Alephium,” the team said in their press announcement.

Participants will be expected to create a five-minute or less video. The community can do the video in any language. They also have creative license to use cartoons, 3D animations, and voiceovers with premium slides.

However, the content should be free of tech jargon and should include links to whitepapers, Github and social media channels, whitepapers.

How to submit the Alephium video

The contest will run until 15 April 2022, with all legible video entries submitted by 23:59 CET on the said date. Contestants will need to upload their videos on YouTube or Vimeo, with tags #Alephium and #ALPH.  

Once done, creators should submit a link to the video and their email address using the contest’s official submission link.

Interested users are encouraged to familiarise themselves with contest guidelines, or contact the team via Discord, Telegram, and Reddit.

Alephium’s mainnet went live in November 2021 and offers a highly efficient blockchain infrastructure environment for decentralised applications (dApps) and decentralised finance (DeFi) protocols. 

ALPH has traded 7.5% higher in the past 24 hours, with the ALPH/USDT pair hitting highs of $0.25 in early deals. The coin’s all-time high is $1.19 reached on 20 January 2022.

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• PwC foresees three major shifts in ticket sales, media rights, and sponsorships. 
• NFTs and digital assets will be at the center of fan engagement and sports industry revenue streams.
• Metaverse and Web3 integration also holds huge promise for the industry, the firm said in a report.

NFTs have vast potential and are likely to become “the future of digital assets in sports,” Big Four auditor PwC has said in a new report.

The firm’s Sports Industry Outlook 2022 report highlights non-fungible tokens as one of the top ten trends that could significantly boost the sports sector.

According to PwC, the growth in NFTs and overall adoption of digital assets is a development likely to “shape fan experience” and boost revenue opportunities.

Per the report, collectible NFT sales, season ticket member NFTs and virtual access tokens are likely to play a big role in revolutionising fan engagement. But more than that, as is with ticket sales, media rights and sponsorships, the fast-growing NFT space could open up new revenue streams for teams and leagues.

“For sponsors, tokenization presents a great way to align themselves with a team or league and create unique activations that build equity for both brands,” the firm noted.

Sports organisations and teams can explore collectible NFTs, moving into tokenised tickets, team memorabilia and even match highlights.

These can become key collectible NFT series, with their sale and trading an avenue that can bring in new revenue on a level not seen before. The same concept could apply to season ticket members (STM) and virtual access tokens.

The metaverse and Web3 are also going to be major “shifts” in coming years, with growth around these seeing “a reimagination of so much of how fans consume sports.”

As teams and organisations look to integrate and benefit from this technology, PwC advises investments in the infrastructure and talent key to its realisation. It’s also important to work towards legal and tax compliance.

NFT sales amounted to over $17.7 billion in 2021, growing two hundredfold from a total of about $8.5 million in 2020. Profits from reselling and buying also increased exponentially, reaching over $5.4 billion in 2021 from $12 million a year earlier.

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Cake DeFi, Singapore-based decentralized finance (DeFi) platform, has launched a new corporate venture arm called Cake DeFi Ventures (CDV). Cake Defi has invested $100 million in the new venture targeting Web3, gaming, and fintech startups.

The new corporate venture arm shall go a long way in empowering Cake DeFi’s user base that spans over half a million registered users.

The Cake DeFi Ventures (CDV)

The CDV shall focus on investing in tech startups across the metaverse, Web3, gaming, esports, and NFTs space that will bring value to Cake DeFi’s main business. The venture shall not only focus on startups in Singapore but look for global investment opportunities.

The CDV is led by Cake Defi’s co-founder Dr. Julian Hosp, Cake DeFi’s CEO, and Cake DeFi’s CTO U-Zyn Chua. These three are the founders of Cake DeFi and the main objective of the project was to build the world’s leading investment platform for DeFi and upcoming alternative assets in Singapore.

The startups that make it to the CDV portfolio can expect to receive strong support from Cake DeFi besides being able to access the many Cake products, users, connections, and resources around the world.

Julian Hosp said:

“By launching Cake DeFi Ventures, we strive towards bringing cryptocurrency and blockchain capabilities to the world. With Cake’s current status as Singapore’s and Southeast Asia’s fastest-growing platform, projects which we invest in can expect to receive strong support scaling globally.”

U-Zyn Chua went ahead to add:

“As an extension of our multiple blockchains support and having built up an R&D arm with cryptography deep tech capability and specialization, investing in companies that bring synergies to Cake DeFi’s core business will allow us enhance our Web3 offerings.”

Applying for funding from the CDV

To apply for funding from the new venture capital, startups should send an email to contact@cakedefi.vc explaining their project details.

The team at Cake DeFi will then contact the shortlisted projects.

The venture capital is also open for Venture capital firms or investment funds interested in co-investment opportunities or strategic partnerships.

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