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Shiba Inu Prepares for Shibarium Network Overhaul with May 2nd Hard Fork

The Shiba Inu development team is readying for a substantial overhaul of the Shibarium network, slated for a hard fork on May 2nd.

“This pivotal change is designed to reshape the user experience and bolster the network’s infrastructure to support a rapidly expanding ecosystem,” shared through official channels including X and a comprehensive blog post.

In blockchain technology, a hard fork mandates all users and nodes to upgrade to the newest software version, paving the way for innovative features and enhancements.

The impending Shibarium hard fork will introduce significant changes.

One core objective is to boost transaction processing speeds, promoting network efficiency and reducing bottlenecks.

Additionally, the hard fork aims to stabilize transaction fees, especially during peak network usage, to make transactions more affordable and inviting for users.

Security and stability are also focal points.

The upgrade will implement improved security measures and fortify the network infrastructure to safeguard against potential vulnerabilities, ensuring a safe environment for transactions.

The Shiba Inu development team’s blog post, titled “Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future,” highlights a strategic vision extending beyond immediate gains.

The goal is to prepare Shibarium for mass adoption, enhancing network capabilities while maintaining affordability and user-friendliness.

Anticipating a significant reduction in transaction costs, the team projects fees as low as 0.0000219 BONE ($0.00001), emphasizing inclusivity within the financial ecosystem.

With the Shibarium hard fork scheduled for May 2nd, the community is urged to stay informed about ongoing developments and prepare for the changes.

This upgrade marks a crucial phase in Shibarium’s evolution, aiming to enhance its effectiveness and accessibility.

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Whale Transfers Signal Potential Upswing for Bitcoin and Ether as $1.3 Billion Enters Coinbase

Blockchain News/Crypto News Today

On Thursday, a substantial $1.3 billion worth of USD Coin was transferred from notable whale addresses to the crypto exchange Coinbase, potentially signaling a significant opportunity for Bitcoin and Ether, according to market analysts.

“USDC moving onto exchanges is a giant buy signal, as the saying goes on the internet ‘money printer go brr,'” remarked crypto trader Blockchain Mane.

These transfers, totaling $1.3 billion and ranging from $150 million to $350 million, occurred on April 25 at 08:15 UTC, as per Etherscan data.

Such sizable deposits of stablecoins on exchanges are often perceived as bullish indicators, suggesting potential large buy orders in the near future.

Conversely, significant crypto deposits on exchanges may indicate a looming sell-off, prompting caution among traders.

“If this is indeed a whale buying and at current prices then yes, it can have a big impact on the price of the asset they are buying, which at that level is almost certainly only Bitcoin and Ethereum,” noted crypto commentator Lark Davis.

Nevertheless, analysts caution that whale movements are not foolproof signals for the crypto market.

“A lot of attention gets paid to whale movements, but we never really know what they are doing,” remarked Davis.

“$1.3B is a good amount of capital but it depends on where this is getting deployed,” added crypto trader and YouTuber Brian Jung.

Davis emphasized that whales might opt for limit orders instead of instant purchases, thereby establishing stronger support levels for the cryptocurrencies they invest in.

“A limit order will go in, creating a buy wall that will act as a layer of price support for the assets,” explained Davis, while also stressing that the impact of such large transfers on the market is “never definitive.”

Meanwhile, Jung speculated that a significant influx of funds into a single crypto token could “shift positively,” potentially boosting the prices of other cryptocurrencies due to increased liquidity.

However, he expressed doubts about the practicality of such a strategy due to the risks of overexposure.

Despite the significant fund movement, the crypto market sentiment has slightly declined, with the Fear and Greed Index dropping from 64.04 to a neutral level of 59.78 over the past 24 hours, indicating a shift in traders’ focus away from accumulation.

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Epic Satoshi from Fourth Bitcoin Halving Block Sells for $2.13 Million

Bitcoin/Blockchain News/Crypto News Today

An exceedingly rare event in the world of Bitcoin unfolded recently as an “epic sat,” the smallest unit of the cryptocurrency, was mined from the fourth Bitcoin halving block and subsequently sold for a staggering 33.3 Bitcoin (BTC), equivalent to approximately $2.13 million.

The transaction took place on cryptocurrency exchange CoinEx Global on April 25, merely five days after the block, numbered 840,000, was mined on April 20 by Bitcoin mining pool viaBTC, a partner of CoinEx.

The auction for this rare satoshi, denoted as “sat number 1,968,750,000,000,000,” commenced on April 22 and attracted a total of 34 bids before an undisclosed bidder secured ownership rights to the coveted sat.

The runner-up bid amounted to 20 Bitcoin.

CoinEx celebrated the successful conclusion of the auction, highlighting the significance of the event beyond mere financial transactions.

They emphasized, “This auction isn’t just a bidding event; it marked the community recognition, media attention, & widespread embrace of #Bitcoin.”

An epic satoshi is the first satoshi mined in the initial new Bitcoin halving block, and with four halvings to date, only four of these rare sats exist.

Each epic sat is assigned a unique sequence number under the Ordinals number system, which relies on mining timestamps.

While an ordinary satoshi is currently valued at $0.00065, certain sats hold special significance within the Bitcoin ecosystem due to their rarity and unique identifiers.

Bitcoin Ordinals explorers like Ordiscan and OrdinalHub enable users to verify whether a Bitcoin wallet possesses a rare sat by examining the exact UTXO and output number.

Owners of such rare sats can then transfer them to an Ordinals-supported wallet.

ViaBTC, the entity responsible for mining the fourth halving block, received a substantial reward of 3.125 Bitcoin as the new block subsidy, along with an impressive 37.6 Bitcoin in reward fees, valued at $2.4 million at the time.

The next Bitcoin halving event is anticipated to occur around 2028 at block 1,050,000, halving mining rewards to 1.5625 Bitcoin.

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New Viral Memecoin in Solana Network Stooges Launches $STOG Presale

Press Releases

Medellin, Colombia, April 29th, 2024, Chainwire

Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X, and Telegram waiting for the pre-sale.

Stooges is a new memecoin project on the Solana blockchain and draws inspiration from the 3 legendary TV characters, “The Three Stooges.” However, the project takes aim at notorious figures in today’s crypto world, satirically putting Sam Bankman-Fried (former CEO of FTX) and Changpeng Zhao (former CEO of Binance) as Assets Manager and Legal Officer, respectively. This parodical approach is an evident dig at the two executives – Zhao, who is investigated for not complying with anti-money laundering policies, and Bankman-Fried, who was sentenced to 25 years in prison for the securities fraud conspiracy that bankrupted FTX and a related hedge fund.

The STOG coin has no utility. It is led by a “useless team” and is on a mission to mock the crypto business industry while making “the meme culture great again.” The team invites memecoin enthusiasts to buy, sell, and share the community-centered memecoin. $STOG will have a total supply of 3.000.000.000 coins distributed as follows:

45% Presale
25% Liquidity
15% Marketing
10% CEX Listing
5% Airdrop

Before the presale for STOG on Pinksale, Stooges underwent a contract audit from SolidProof, one of the industry’s top auditors. The audit report confirms the project’s reliability while providing a comprehensive security analysis. Following the coin’s presale, the project will lock 60% of the provided liquidity for 1 year.

Additionally, the project announced an $STOG airdrop awarding 5% of STOG’s supply to its community, specifically to “those who complete and contribute the most to the project and the meme culture.”

The STOG airdrop engages users and memecoin lovers in a competition that will reward the 200 people most actively spreading the word about the project. Contestants must follow Stooges on social media and create memes in image, video, or audio formats focusing on the Stooges. The competition will end on June 20, when the winners will receive STOG coins directly into their wallets.

About Stooges

Stooges launched in Q2 of 2024 and has already completed several of its first roadmap objectives, such as creating the website, deploying and auditing the STOG token, and launching its marketing campaign.

The upcoming $STOG listing on BitMart and token presale are essential milestones in the project’s development, which aims to increase its brand awareness. Moreover, the airdrop competition should help attract a broader community of memecoin collectors and crypto enthusiasts.

The Stooges team has more plans for the future, including further CEX listings, an exclusive NFT collection, and launching on the Raydium platform.

Users can learn more about Stooges at these links: Website | X (Twitter) | Telegram | Instagram

Contact

José Omar
contact@stooges.io

Renzo Protocol’s EZETH Depeg Triggers Market Turbulence and Trader Profits

Blockchain News/Crypto News Today/DeFi

Renzo Protocol’s EZETH token experienced a price depeg on April 24, briefly plummeting to $688 on Uniswap before stabilizing at its parity with Ether (ETH), Dexscreener data reveals.

This incident seems to have been triggered by a broader market sell-off following the conclusion of Renzo Protocol’s season 1 airdrop, as noted by pseudonymous crypto analyst Tommy in an April 24 post:

“The sell-off likely caused by the conclusion of Season 1 Airdrop, users want to get back $ETH to farm other [liquid restaking tokens] LRT/protocols.”

Renzo stands as the second-largest liquid restaking protocol, boasting a total value locked (TVL) surpassing $3.3 billion, marking a 126% increase over the past month.

Ether.fi leads with over $3.9 billion in TVL, according to DefiLlama.

These depegging incidents present a recurring challenge for liquid restaking tokens (LRTs), as highlighted by the analyst:

“On the depeg, it is a risk that we need to recognize for all LRTs, even if withdrawal is enabled, the DEX pool can still depeg simply based on the temporary imbalance.”

The depegging event triggered widespread liquidations on leveraged platforms like Gearbox and Morpho Labs, particularly affecting loopers, users leveraging LRTs repeatedly as collateral to borrow ETH, who bore the brunt of the losses.

Renzo Protocol garnered increased attention following the addition of its incoming token (REZ) to the Binance launch pool on April 23, coinciding with the announcement of its forthcoming airdrop, where 10% of token allocation was earmarked for season 1.

In the wake of Renzo’s depegging, crypto trader czsamsunsb.eth managed to profit significantly, earning 121.65 ETH, equivalent to over $396,000, within two hours.

According to on-chain intelligence firm Lookonchain:

“czsamsunsb.eth made 121.65 $ETH in just 2 hours after $EZETH (Renzo Restaked ETH) depegged! He spent 4,099 $ETH to buy 4,221 $EZETH successfully, making 121.65 $ETH!”

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Crypto.com Postpones South Korea Launch Amid Regulatory Scrutiny Over Money Laundering Concerns

Blockchain News/Crypto News Today

Crypto.com, a Singapore-based cryptocurrency exchange, has delayed its planned expansion into South Korea following concerns raised by local regulators about potential money laundering activities.

The South Korean authorities, after reviewing the data submitted by Crypto.com, initiated an “emergency on-site inspection” due to Anti-Money Laundering (AML) issues identified.

A representative from the Financial Services Commission (FSC) conveyed the regulatory concerns to the media, stating, “We found concerns related to the prevention of money laundering activities in the submitted materials.”

The inspection by the Financial Intelligence Unit (FIU), which is part of the FSC, started on April 23, a few days before the exchange’s intended launch date in South Korea.

This proactive regulatory action underscores the stringent oversight in the South Korean financial sector, particularly concerning AML protocols.

Prior to these developments, Crypto.com had successfully obtained a virtual asset business license (VASP) in South Korea by acquiring a local cryptocurrency exchange, OKBit.

This was part of the platform’s efforts to penetrate the South Korean market, which is known for its tough regulatory environment for international exchanges.

Responding to the regulatory intervention, a spokesperson from Crypto.com announced the postponement of their launch originally scheduled for April 29.

The company expressed its commitment to compliance and cooperation with South Korean regulators: “Korea is a difficult market for international exchanges to enter, but we are committed to working with regulators to advance the industry responsibly for Koreans.”

They also emphasized the intention to use the delay to ensure that Korean regulators are fully aware of Crypto.com’s AML measures, stating, “We will postpone our launch and take this opportunity to make sure Korean regulators understand our thorough policies, procedures, systems, and controls.”

Furthermore, South Korean financial authorities are taking additional steps to strengthen market integrity by planning to impose restrictions on the listing of digital assets associated with hacking incidents unless the root causes are clearly identified.

New regulatory guidelines will also demand that all foreign digital assets seeking listing in South Korea must publish a white paper or technical manual specifically for the local market.

However, tokens that have been listed on a licensed exchange for more than two years might be exempt from these new requirements.

The Financial Supervisory Service has been active in shaping these guidelines since late 2023, collaborating with stakeholders like the Digital Asset Exchange Association to ensure comprehensive regulatory frameworks that enhance transparency and protect investors.

Token issuers failing to disclose essential information risk being delisted from exchanges, reinforcing the country’s commitment to stringent regulatory oversight.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin Holds Firm Above $63,000 Despite Regulatory Scrutiny and Economic Turbulence

Bitcoin/Blockchain News/Crypto News Today

Despite facing various challenges, Bitcoin maintained its position above $63,000 on April 26. Outflows from spot Bitcoin exchange-traded funds (ETFs), regulatory concerns, and scrutiny from U.S. senators did not deter its stability.

Farside Investors reported that spot Bitcoin ETFs in the U.S. experienced a net outflow of $218 million on April 25, following a $120 million outflow the previous day.

Franklin Templeton was the sole provider to register inflows on April 25, suggesting that the trend of withdrawals was not solely due to high fees at Grayscale GBTC.

On April 25, U.S. Senators Elizabeth Warren and Bill Cassidy wrote to the U.S. Department of Justice and the Department of Homeland Security, seeking details on measures to address pseudonymous cryptocurrency payments related to child abuse material.

They referenced a Chainalysis report and emphasized the importance of punishing those involved in such illicit activities.

Despite these challenges, Bitcoin bulls find optimism in deteriorating global macroeconomic conditions.

The U.S. Personal Consumption Expenditures (PCE) rose by 2.8% year-over-year in March, exceeding the target set by the U.S. Federal Reserve.

This inflation rise is concerning, especially as first-quarter U.S. gross domestic product (GDP) growth was lower than expected at 1.6%.

Market expectations suggest that the Fed may maintain higher interest rates for an extended period.

George Mateyo, chief investment officer at Key Wealth, noted that while the prospects of rate cuts remain, they are not assured, and the Fed may require weakness in the labor market before considering cuts.

Lawrence MacDonald, founder of “The Bear Traps Report,” projected that interest payments as a percentage of federal spending in the U.S. would increase to 12.3% in 2024.

Recent government bond auctions showed a tepid response from investors, with the five-year U.S. Treasury yield reaching its highest levels in nearly six months on April 25.

Bitcoin investors are cautious about the unsustainable trajectory of U.S. government fiscal policies, as lower interest rates to alleviate debt burden could lead to higher inflation.

The situation is not unique to the U.S.; Japan, the world’s fourth-largest economy, experienced a significant devaluation of its currency, the yen, reaching its lowest level since 1990, and a lower-than-expected inflation rate of 1.8% in April.

Geiger Capital, a user on the X social network, highlighted that the Bank of Japan (BOJ) is restricted from raising interest rates due to the country’s staggering 265% debt-to-GDP ratio.

While a weaker yen benefits exports, it hampers domestic consumption.

Moreover, as the largest holders of U.S. Treasurys, Japanese investors’ actions significantly impact the global economy.

In summary, Bitcoin’s price faced challenges from outflows in U.S. spot ETFs, regulatory pressures, and global economic downturns.

Nonetheless, some analysts believe that worsening global economic conditions may prompt additional stimulus measures by central banks, potentially benefiting Bitcoin due to its scarcity and resistance to censorship.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

Bitcoin Transactions Surge to All-Time High Following Halving: Runes Protocol Leads the Way

Bitcoin/Blockchain News/Crypto News Today

Bitcoin transactions soared to a historic pinnacle, registering a remarkable 926,842 transactions, merely three days post the Bitcoin halving event.

On April 23, Bitcoin witnessed an overwhelming surge in daily transactions, surpassing its previous high of 731,000 transactions recorded in December 2023, as per data from Glassnode.

This milestone was achieved in the aftermath of the Bitcoin halving on April 20, coinciding with the introduction of Bitcoin Runes, a novel protocol facilitating the issuance of fungible tokens within the Bitcoin network.

Constituting the majority of transactions on the Bitcoin network, Runes accounted for a striking 68% of all Bitcoin transactions. Dune data revealed a total of 3.6 million transactions related to Runes.

Nazar Khan, co-founder and CEO of TeraWulf, highlighted the significance of block space on Bitcoin, citing Runes and Ordinals as testament to this value:

“Runes and Ordinals are demonstrating the value of block space… The Bitcoin network is the most decentralized, secure, and robust network that exists, so there will be use cases and value derived from that block space.”

Despite the record-breaking transaction volume, Bitcoin’s price remained relatively subdued, hovering just above the $64,000 mark. CoinMarketCap data indicated a decline of over 9% in the cryptocurrency’s price on the monthly chart.

However, the true potential for Bitcoin Runes may only materialize in the coming months, according to insights from Ignas, a pseudonymous decentralized finance (DeFi) researcher.

In an April 17 X post, Ignas suggested that while Runes had garnered significant attention within the Bitcoin community, the actual market opportunity might unfold after the initial surge of investor excitement subsides:

“Runestone, RSIC, and PUPS are already pumping, promising holders shiny new Rune token airdrops. And FOMO threads keep coming. But, like the NFT frenzy post-JPEG reveal, the market could soon cool off.”

Ignas cautioned that due to their initial lack of utility, Runes could experience trading dynamics reminiscent of volatile memecoins shortly after their launch.

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

The Practical Uses of Cryptocurrency in 2024

Blockchain News

Cryрtoсurrenсy hаs evolveԁ into а signifiсаnt рlаyer in the finаnсiаl worlԁ. With the аԁvent of bloсkсhаin teсhnology, these ԁigitаl сurrenсies offer unique benefits suсh аs ԁeсentrаlizаtion, trаnsраrenсy, аnԁ seсurity, mаking them inсreаsingly relevаnt in our teсhnology-ԁriven soсiety. They ԁisruрt trаԁitionаl finаnсiаl moԁels by reԁuсing ԁeрenԁenсy on сentrаlizeԁ finаnсiаl institutions аnԁ сreаting more oрen, ассessible finаnсiаl systems. In this аrtiсle, we’ll look аt some of the mаny аррliсаtions of сryрtoсurrenсy in 2024.

Everyday Transactions

Cryрtoсurrenсies аre reshарing how we think аbout money. For everyԁаy trаnsасtions, they offer а level of eаse аnԁ effiсienсy thаt trаԁitionаl сurrenсies саnnot mаtсh. Inԁiviԁuаls саn senԁ money ԁireсtly to one аnother without the neeԁ for bаnks or thirԁ-раrty intermeԁiаries, regаrԁless of internаtionаl borԁers.

Moreover, severаl retаil outlets аnԁ online рlаtforms now ассeрt сryрtoсurrenсies like Bitсoin аnԁ Ethereum аs раyment, mаking ԁigitаl сurrenсies а рrасtiсаl сhoiсe for сonsumers аnԁ merсhаnts аlike. This trenԁ towаrԁs ԁigitаl раyments is ассelerаting, рushing more businesses to сonsiԁer сryрto-раyment gаtewаys.

International Remittances and Aid

With resрeсt to internаtionаl remittаnсes, сryрtoсurrenсies exсel by enаbling fаster trаnsасtions with signifiсаntly lower fees сomраreԁ to сonventionаl money trаnsfer serviсes. This аԁvаntаge is раrtiсulаrly imрortаnt in humаnitаriаn сontexts, where orgаnizаtions leverаge bloсkсhаin teсhnology to ԁistribute аiԁ ԁireсtly to reсiрients, byраssing рotentiаlly ineffiсient loсаl institutions. Cryрtoсurrenсies thus not only reԁuсe сost but аlso inсreаse trаnsраrenсy аnԁ ассountаbility in аiԁ ԁistribution.

Revolutionizing Online Gambling

Cryрto саsinos reрresent а signifiсаnt аnԁ growing seсtor within the сryрtoсurrenсy lаnԁsсарe. These online рlаtforms аllow users to gаmble using сryрtoсurrenсies, offering trаԁitionаl gаmes like slots, рoker, blасkjасk, аnԁ roulette, аs well аs sрorts betting аnԁ novel bloсkсhаin-bаseԁ gаmes. These casinos are popular because you can access them from anywhere. For instance, you can access a crypto-friendly Australian online casino, even if you’re in the USA, which adds to its global appeal and accessibility.

The use of сryрtoсurrenсies in online gаmbling introԁuсes severаl аԁvаntаges over сonventionаl online саsinos. Firstly, сryрto саsinos often рroviԁe greаter рrivасy аnԁ аnonymity сomраreԁ to trаԁitionаl online gаming sites. Plаyers саn register аnԁ рlаy without ԁivulging sensitive рersonаl informаtion, аn аррeаling feаture for users сonсerneԁ with рrivасy.

Aԁԁitionаlly, trаnsасtions with сryрtoсurrenсies аre tyрiсаlly fаster thаn those сonԁuсteԁ with fiаt сurrenсies, enаbling quiсker ԁeрosits аnԁ withԁrаwаls. This effiсienсy is esрeсiаlly benefiсiаl in сountries where trаԁitionаl bаnking systems аre slow or hаve restriсtions on gаmbling асtivities.

Moreover, сryрto саsinos саn offer lower fees. Without the neeԁ for intermeԁiаries аnԁ the reԁuсeԁ сost of рroсessing раyments, these рlаtforms саn oрerаte with lower overheаԁs аnԁ, therefore, саn offer better oԁԁs аnԁ lower house eԁges, whiсh is а strong ԁrаw for gаmblers.

Another unique аsрeсt of сryрto саsinos is their use of bloсkсhаin teсhnology to ensure fаirness. Mаny utilize рrovаbly fаir аlgorithms, whiсh аllow рlаyers to verify the fаirness of eасh bet or gаme outсome in reаl-time. This trаnsраrenсy builԁs trust аmong users, аs it ԁireсtly сounters one of the long-stаnԁing сonсerns in online gаmbling regаrԁing the integrity of the gаme рlаy.

Investment and Wealth Management

As аn аsset сlаss, сryрtoсurrenсies hаve аttrасteԁ both retаil аnԁ institutionаl investors. The rise of ԁeсentrаlizeԁ finаnсe (DeFi) рlаtforms ԁemonstrаtes how сryрtoсurrenсy teсhnologies саn offer trаԁitionаl finаnсiаl serviсes suсh аs loаns, insurаnсe, аnԁ аsset trading without сentrаl сontrol, revolutionizing weаlth mаnаgement аnԁ oрening new аvenues for investment. These рlаtforms аlso сhаllenge trаԁitionаl bаnking moԁels by offering higher yielԁs аnԁ innovаtive finаnсiаl рroԁuсts.

The Tech Sector

The teсhnology seсtor hаs been раrtiсulаrly quiсk to аԁoрt сryрtoсurrenсies. Stаrtuрs often turn to initiаl сoin offerings (ICOs) аs аn аlternаtive to trаԁitionаl venture сарitаl аnԁ сrowԁfunԁing аррroасhes. Furthermore, the emergenсe of non-fungible tokens (NFTs) hаs сreаteԁ а booming mаrket for ԁigitаl аrt аnԁ meԁiа, рroviԁing аrtists аnԁ сreаtors with new wаys to monetize аnԁ рroteсt their work. This ԁigitаlizаtion of аssets signifies а shift towаrԁs more bloсkсhаin-bаseԁ ownershiр moԁels, whiсh mаy soon рermeаte other seсtors like reаl estаte аnԁ intelleсtuаl рroрerty.

Privacy and Security

Certаin сryрtoсurrenсies offer enhаnсeԁ рrivасy feаtures thаt аre аttrасting users who seek аnonymity online. Cryрtoсurrenсies like Monero аnԁ Zсаsh use аԁvаnсeԁ сryрtogrарhiс teсhniques to obsсure trаnsасtion ԁetаils, рroviԁing рrivасy-сonsсious users with oрtions thаt trаԁitionаl finаnсiаl systems саnnot. However, this inсreаseԁ рrivасy neсessitаtes robust seсurity рrасtiсes, аs the irreversible nаture of сryрtoсurrenсy trаnsасtions meаns thаt seсurity breасhes саn result in irreсoverаble losses. Users аnԁ рlаtforms аlike must рrioritize seсurity to mаintаin trust аnԁ funсtionаlity in these systems.

Future Prospects

Looking forwаrԁ, the сryрtoсurrenсy sрасe is riрe with oррortunities for innovаtion. Areаs suсh аs energy-effiсient сonsensus meсhаnisms аnԁ integrаtion with emerging teсhnologies like the Internet of Things (IoT) аnԁ аrtifiсiаl intelligenсe (AI) сoulԁ further enhаnсe the utility аnԁ effiсienсy of сryрtoсurrenсies. The сontinuous evolution of bloсkсhаin teсhnology рromises to unloсk even more аррliсаtions аnԁ trаnsform vаrious seсtors. As globаl interest in ԁigitаl сurrenсies grows, their integrаtion into everyԁаy life seems inсreаsingly inevitаble.

Conclusion

The рrасtiсаl uses of сryрtoсurrenсies аre vаst аnԁ vаrieԁ, extenԁing fаr beyonԁ simрle finаnсiаl trаnsасtions. As this teсhnology сontinues to mаture аnԁ overсome its сurrent limitаtions, it holԁs the рotentiаl to funԁаmentаlly аlter аsрeсts of our ԁаily lives, mаking ԁigitаl сurrenсies аn integrаl раrt of the future finаnсiаl lаnԁsсарe. This trаnsformаtive рower is rooteԁ not only in the teсhnology itself but аlso in the globаl shift towаrԁs more ԁeсentrаlizeԁ аnԁ trаnsраrent systems.

Verasity and Creo Engine Join Forces to Introduce Video Functionality to Creo Play

Blockchain News/Crypto News Today

Blockchain-based adtech firm Verasity has announced a new partnership with the well-known web3 gaming platform Creo Engine according to a recent press release. The collaboration is set to include VeraView’s video player features and in-game rewards in Creo Play’s vast library of gaming content and selection of game titles.

Known for its fast expansion and goal of becoming the backbone of the financial empowerment and digital entertainment ecosystem in Asia, Creo Engine uses blockchain technology to establish web3 gaming systems in the region. Earlier this year, the platform received a public pledge of support from the Chairman of the Indonesia People’s Consultative Assembly and the Vice Chairman of the prominent Indonesian Golkar political party.

The platform also offers users and creators the chance to earn incentives while playing games, promoting financial well-being in mobile gaming and giving developers a safe platform.

Principally, Creo Play is a dedicated platform within the Creo Engine ecosystem. It enables the easy integration of games and digital products from multiple developers and fosters a single metaverse with true interoperability. Creo Play’s infrastructure hosts a wide range of global web3 games, making integration easier for developers.

With more than 30 web3-based games currently using Creo Engine, some with hundreds of thousands of active users daily, Verasity’s Rewarded Video technology integration offers immense potential.

Based on the partnership, players can access content, tournaments, and replays from their favorite games in a stand-alone video section inside the Creo Play App.

The partnership between the two companies also offers Creo Play a new revenue stream through very targeted contextual ads supplied by VeraViews’ ad server, which connects with major ad networks, including Google, Amazon Ads, and Pubmatic. Parallel to this, the partnership allows Verasity to increase the number of people using its VeraViews video player.

As RJ Mark, CEO and Founder of Verasity comments on the collaboration, “this is the first of many web3 gaming partnerships that will advance adoption of the VeraViews video player in the blockchain space. We will now leverage our relationships in the web3 gaming space, such as our membership of Neo Tokyo and the launch of VeraAds, to explore similar opportunities in the near future.”

Verasity and Creo Engine will work together in the following months to create a unique video environment for the highlights of Creo Play games and assess the viability of adding Watch & Earn capabilities to Creo Play games.

Notably, this collaboration is consistent with Verasity’s strategic focus on web3 gaming projects, as evidenced by the launch of VeraAds in late 2023—a service designed to give blockchain brands access to VeraView’s advertising suite—and their participation in the Neo Tokyo community, which influential figure Alex Becker founded to connect pioneering brands in crypto gaming.