Schlagwort: crypto business

• Taki Games and Two3 are eyeing mainstream adoption of Web3 gaming.
• A new NFT game Puzzle Smoofs will help bring more gamers to Web3, with players rewarded using TAKI tokens.
• TAKI features a buy-and-burn mechanism, with gamers incentivized to generate revenue.

Taki Games, a social gaming network for mobile, has teamed up with cross-chain Web3 studio Two3 Labs to launch a new “Puzzle Smoofs” mobile game.  

Puzzle Smoofs is targeted to go live on the Taki Games network this March, the two platforms said in a press release shared with CoinJournal.

The new gaming venture adds to Taki Game’s notable Web3 game titles, including Game7 Food Fighter and Pac-Cats. With the partnership with Two3 Labs, Taki is looking to tap into the Smoofs popularity to bring the next billion gamers to Web3.

Weiwei Geng, CEO of Taki Games, noted in a statement:

“By integrating Smoofs IP into this game, we are not only providing players with true ownership of in-game assets but also creating a new avenue for brands to engage with their audience in a meaningful and interactive way. This convergence of gaming and NFTs is poised to reshape the future of entertainment and digital ownership.”

Eyeing the $200+ billion gaming industry

Two3 Labs, the team behind the Cow Cow NFT collection that soared on MultiversX in early 2023, launched the Smoofs NFT collection on Polygon in December 2023. The project is now one of the top NFT collections on Polygon, with over $300,000 in trading volume over the past two months.

Taki Games and Two3 Labs say Puzzle Smoofs’ upcoming launch will extend the Smoofs NFTs’ utility and appeal, with holders getting new benefits and experiences.

“This collaboration with Taki Games and Two3 Labs is an important milestone for us, blending the lines between NFTs and gaming and offering mainstream gamers an innovative way to engage with our brand and community. We are excited to see how this game will bring the Smoofsverse and Web3 culture to a mainstream gaming audience with Taki Games,” said Sorin Diaconu, co-founder of Two3 Labs.

According to the Taki Games team, this partnership will help bring more gamers from the $200 billion+ Web2 gaming industry to Web3.

The native TAKI token, which will be used to reward players, will be a key component of this drive. The network’s buy-and-burn mechanism has already see more than 1 million TAKI burned, according to data from Dune.

In January this year, Taki DAO announced a partnership with Flowdesk, a full-service digital trading firm, to enahcne TAKI liquidity. In December 2023, TAKI’s price soared following Taki Games’ expansion to Polygon.

The token’s value is up nearly 60% in the past 30 days.

The post Taki Games teams up with Two3 Labs to launch NFT game “Puzzle Smoofs” appeared first on CoinJournal.

• MixMob secures Star Wars licensing for Solana game, adding Stormtroopers to Racer 1 as NFTs.
• Plans to secure three more licenses in 2024, signalling commitment to expanding partnerships.
• MXM token gains 7.66% in 24 hours, highlighting market interest.

MixMob, the Solana-based gaming platform, has inked a significant deal, acquiring licensing rights to integrate iconic Star Wars Stormtroopers into its upcoming game, Racer 1.

 This move marks MixMob’s foray into official licensing agreements and solidifies its commitment to enriching the gaming experience on the Solana blockchain.

Bringing Star Wars to Solana

MixMob’s licensing agreement grants it the exclusive rights to feature the legendary Original Stormtrooper character from the renowned Star Wars franchise in its Solana-based game, Racer 1.

Stormtroopers non-fungible tokens (NFTs) will soon become collectible assets within the game, adding a touch of the beloved Star Wars universe to the burgeoning world of Solana gaming.

Stormtroopers, recognized as emblematic soldiers within the Star Wars saga, hold immense cultural significance and are poised to captivate gaming enthusiasts on the Solana blockchain. MixMob’s strategic move to incorporate these iconic characters underscores its dedication to delivering immersive and engaging gaming experiences to its users.

MixMob’s expansion plans

MixMob’s acquisition of the Star Wars licensing rights represents the initiation of its official licensing strategy. The company aims to expand its licensing portfolio further by securing three additional licenses throughout 2024.

This ambitious agenda highlights MixMob’s commitment to partnering with established intellectual properties to enhance its gaming offerings and foster a dynamic gaming ecosystem on Solana.

MixMob’s governance token, MXM, has shown resilience, with a 7.66% increase in value over the past 24 hours to trade at $0.09881 at press time.

MixMob’s strategic collaboration with Star Wars signifies a pivotal moment in the evolution of Solana gaming, as iconic characters from the legendary franchise make their debut in the digital realm.

As MixMob prepares to unleash the power of the Force onto the Solana blockchain, gaming enthusiasts can anticipate an exhilarating journey into the heart of the Star Wars universe, brought to life in the immersive world of Racer 1.

The post Solana-based MixMob bags Star Wars Stormtrooper NFT licensing rights appeared first on CoinJournal.

• Spot Bitcoin ETFs recorded a staggering $7.69 billion in trading volumes on February 28.
• Top ETF volumes were with BlackRock’s IBIT, Grayscale’s GBTC and Fidelity’s FBTC.
• Bitcoin price also rose sharply on Monday, hitting highs of $64k before paring gains amid Coinbase network issues.

Relentless demand for the recently approved spot Bitcoin ETFs has pushed the trading volumes to a new record.

On Wednesday, the US spot Bitcoin ETFs saw an incredible $7.69 billion in volume. According to market data tracking the performance of these products, Wednesday’s huge trading volumes shattered the previous day’s nearly 2x.

Leading the charge as has happened in recent weeks is BlackRock’s iShares Bitcoin Trust (IBIT), with over $3.3 billion to account for nearly 44% of the total volume. IBIT did more than $1.3 billion on Monday.

Grayscale’s Bitcoin Trust (GBTC) and Fidelity’s Bitcoin Fund (FBTC) also hit past the billion milestone, recording $1.86 billion and $1.44 billion respectively.

RIDIC: the New Nine doubled their volume record (set Monday) with just about $6b traded.. $IBIT led w $3.3b of it, Fidelity did $1.4b (both double their prev records). The total number of trades was double too, over half a million individual trades bt them. $IBIT alone > $QQQ. pic.twitter.com/ZzB5PWXA4f

— Eric Balchunas (@EricBalchunas) February 28, 2024

Commenting on the massive traction, ETF analyst Eric Balchunas noted that the upsurge seems to be organic and not catalysed by algorithmic or arbitrage trading. He noted on X:

“I asked around to some mkt makers and most say this volume is largely function of natural demand vs algo/arb type volume. Word is wirehouse platforms are seriously looking at adding them soon. I’m sure pressure is mounting for them. They like to see track record and get paid off but w grassroots demand like this they gonna have to expedite.”

The frenzy is also showing in the Bitcoin futures ETFs market, Balchunas noted. With BITO, BITX and BITI all up on volume, the total for the Bitcoin ETFs approached the $10 billion mark.

Bitcoin price hits $64k

Bitcoin price has rallied since the SEC approved the spot Bitcoin ETFs in January, with the latest explosion sending the flagship cryptocurrency’s value past the $64,000 level. As Bitcoin’s halving approaches, analysts say BTC price could soar to a new all-time high above $100k in 2024.

BTC traded around $62,570 on Thursday morning, up 5.3% in the past 24 hours and 22% in the past week.

The post Spot Bitcoin ETFs shatter trading record with $7.69 billion appeared first on CoinJournal.

• New proposal seeks to burn 190 billion FLOKI tokens.
• Over $11 million worth of FLOKI tokens to be permanently removed if vote passes.
• Will FLOKI price explode?

A new Floki DAO proposal seeks to reduce the cryptocurrency project’s total supply by a staggering 190 billion tokens.

The FLOKI developer team  says the massive burn will account for 2% of the circulating supply.

“We would like to put forward a proposal for another massive $FLOKI token burn, similar to the one we had in January 2023. This time around, we’re proposing a burn of 190,918,585,431.84 $FLOKI tokens. That’s around 2% of the token’s current circulating supply, which is currently worth around $11 million,” the proposal reads.

According to details of the new DAO proposal, the token burn will help with the long-term security and stability of the Floki network. By burning these tokens, it ensures they are permanently removed.

The tokens in question are held in a multisig wallet since Floki “narrowly” escaped the implosion that hit the cross-chain bridge Multchain after a $130 million exploit. The team says burning these $190 billion FLOKI tokens is the “only trustless way to guarantee that they NEVER enter into circulation.”

A community vote on the proposal runs from February 29, 2024 to March 2, 2024. A snapshot of the vote shows 84% of votes are so far in favour of the burn.

“If the Floki DAO votes in favor of burning these tokens, they will be burned within a week of the DAO vote passing. If the Floki DAO votes against burning these tokens, they will be kept in the Floki treasury for future use,” the developer team said.

FLOKI price

In January 2023, Floki burned more than $124 million worth of its native tokens. The price of the meme coin jumped more than 70% following the historic burn. In recent weeks, the FLOKI price has also jumped as meme coins rally amid Bitcoin’s uptick to a multi-year high of $64k.

Also notable was reports that digital asset firm DWF Labs was to market-purchase $10 million of FLOKI over the next two years. FLOKI price soared after the news before paring some of the gains.

Prices are however 67% up in the past week at the time of writing.

The post Floki DAO outlines proposal to burn 190 billion tokens appeared first on CoinJournal.

• Crypto.com partners with BTG Pactual to list BTG Dol stablecoin in Latam.
• The collaboration aims to bridge traditional banking with the crypto market.
• BTG Dol is to be traded against BTC and ETH on the Crypto.com platform.

According to a recent announcement, Singapore-based Crypto Exchange, Crypto.com, has joined forces with BTG Pactual, Latam’s leading investment bank, to expand cryptocurrency accessibility in the region.

The collaboration focuses on listing BTG Dol, BTG Pactual’s dollar-pegged stablecoin, on Crypto.com’s platform, facilitating seamless trading against major cryptocurrencies like Bitcoin and Ethereum.

Expanding Latam’s crypto reach

The Crypto.com and BTG Pactual strategic alliance aims to bridge the gap between traditional banking and the burgeoning crypto market.

By listing BTG Dol, BTG Pactual’s stablecoin, on Crypto.com’s platform, both institutions seek to facilitate easier access to digital assets for customers in the region.

BTG Dol trading pairs on Crypto.com

The collaboration also entails the establishment of trading pairs between BTG Dol and significant cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). This move is geared towards promoting BTG Dol as a viable medium for transactions between traditional finance and the crypto sphere.

Andre Portilho, Partner and Head of the Digital Assets Unit at BTG Pactual highlighted the importance of providing customers with unparalleled access to the evolving digital asset landscape, emphasizing the significance of this initiative in expanding crypto adoption in Latin America.

Since its foray into the cryptocurrency sector in 2022, BTG Pactual has been actively exploring avenues to integrate digital assets into its offerings. The issuance of BTG Dol in 2023 marked a significant milestone, positioning BTG Pactual as one of the first institutions to introduce a bank-issued stablecoin in the region.

With this latest partnership with Crypto.com, BTG Pactual continues to spearhead innovation in the finance industry, catering to the evolving needs of its clientele.

The post Crypto.com teams up with BTG Pactual for BTG Dol stablecoin listing appeared first on CoinJournal.