Bitcoin & cryptocurrency news

Physical NFTs? A Glimpse at Spellfire’s Gameplay and New Cards

Whether you are an experienced card game player, a fan of collectibles, or just getting into NFTs, Spellfire Re-Master the Magic is a game to keep your eyes firmly trained on. The creation of a group of crypto developers, Spellfire is a blockchain-based collectible card game (CCG) that finally gives ownership back to its players, in the form of NFT-based cards. However, they also know that the nostalgic feeling many fans get from physical cards is an essential part of the experience, so the game has been designed to seamlessly blend real-world printed cards with their digital equivalents. As it stands, Spellfire is a comprehensive package that manages to pack 30 years of history into a CCG fit for the gamers of today. Regardless of whether you feel most comfortable at a tabletop or in front of your monitor, there will be a method of play to call home. Recent interest in Spellfire has seen its fanbase grow rapidly, and its team now has the happy problem of onboarding hundreds of fans eager to learn more. This week saw the release of the project’s gameplay explainer, which talked viewers through the basics, from character types to each unique phase of gameplay. Those interested in building their first deck of cards will be pleased to learn that future plans include the possibility of earning free starter decks by participating in Discord community events. Gaming NFTs Show Their True Potential The potential of gaming NFTs is starting to come to fruition. In November, users spent 71% more on NFT game items, and Play-to-Earn games now account for close to 50% of all blockchain activity. Gaming NFTs have now been responsible for a staggering $1.08 billion of NFT trading volume. This brings us to Spellfires NFTs. In an industry that is constantly shifting, with new developments being witnessed every day, Spellfire’s physical NFTs remain unique in the space. They are touchable, with each NFT card seamlessly blending its digital form with a physical equivalent. Each card’s value and power can be increased by gaining experience in-game and upgrading them with Spellfire’s currency, MAGIC tokens. Finally, special augmented reality cards help to create a unique sense of immersion via spectacular visuals, gestures and voice commands. Opensea currently has 115 Prime Edition cards available to purchase, and a brief glimpse of what the lucky owners of the game’s physical cards can expect to receive has recently been released. The first thing to note is how strikingly detailed each illustration is. The artists have clearly enjoyed the creative freedom they were afforded for this first release, and one can only imagine where they will take things from here. Original NFT Cards have been treated with holographic foil for a final flourish, and the cards are expected to have broad appeal to both gamers and collectors alike. Not Just Digital Collectibles Spellfire’s NFTs are so much more than digital collectibles. Although it has been built on the technology of today, at its core, it preserves the same feeling that brought in legions of CCG fans in the early ‘90s. Great importance has been placed on retaining the satisfying experience of building a strong deck, implementing a smart gameplan, and outsmarting an opponent in battle. The team has ensured that there will be no shortage of reasons to keep coming back for more. In addition to the Play-to-Earn features detailed below, players can compete in high-stakes ranked gameplay against highly skilled opponents. By staking their NFT cards and MAGIC tokens, victorious players can take home even greater winnings. Play-to-Earn Done Right As you would expect from a CCG firmly positioning itself in the Play-to-Earn space, players can expect to generate income from their favorite cards and by playing the game they love. Buyers of Original NFT Cards earn passively through additional sales of their cards, retaining up to 90% of all profits. Once a non-NFT card has been upgraded enough, it becomes a Playing NFT Card, giving the owner the ability to use the Play-2-Earn systems. 128,000,000 $MAGIC kept for distribution to Spellfire’s community through tournament play and in-game achievements. Although Spellfire is yet to release, development is proceeding at a steady pace. When it becomes available for the public to play, CCG players around the world will have a new game to obsess over, built exclusively with them in mind. By introducing exciting new gameplay, and unique card mechanics that won’t be found elsewhere, Spellfire is ready to set the world on fire. Join Spellfire’s magical universe, or head over to Opensea to get your collection underway.

Bitcoin & cryptocurrency news

How Can Blockchain Be More Secure?

Blockchain technology is unarguably one of the most potent innovations in the past few decades. It has opened up a plethora of use cases in various industry verticals with the help of blockchain projects that brings exceptional utility for global users. However, a blockchain project requires several ingredients in the right proportions to be successful. One of the essential ingredients is funding, which is done using different crowdfunding processes. Like any other investment, crowdfunding also acts as a monetary vote of confidence from the investors for the project. However, crowdfunding processes such as ICOs (Initial Coin Offering) have gained a tainted reputation as some shady tactic to prey on investors and evade accountability. This unfair reputation is because most crypto and blockchain projects can raise hundreds of millions of dollars for the project’s development while requiring considerably less. Moreover, only some projects are transparent about the utilisation of the acquired funds, creating a rather opaque fundraising process. Escrow Protocol aims to create a fair fundraising environment by leveraging financial security to manage DeFi Funds and making Blockchain more secure. Their projects provide smart contracts with to-be respected agreements for the investment process to achieve its vision of “No More Scams”. More Trust and Minimized Risk with Escrow Protocol Escrow Protocol is a blockchain-based Web3 Oracle platform that investors can use to fund start-ups while retaining control of their contributions in a transparent environment. The project utilises the time-honoured practice of putting funds into Escrow to protect investors’ interests and releasing funding according to the completion of milestones. Escrow Protocol ensures start-up companies have the necessary funding for achieving all milestones while eliminating the risk of a total investment failure. Moreover, Escrow held funds are used in Yield Farming protocols to maximise the value appreciation as interests (12-25% APY) while paying for pay-out. Escrow Protocol rightly believes that a start-up does not require 100% of raised funds in the early stages of development. Instead, by utilising the power of Blockchain, Escrow Protocol offers a fair and transparent platform where projects and investors can agree on predetermined funding conditions based on realistic performance targets. If investors deem the development unsatisfactory, they can block further funding of the project. Escrow Protocol optimises the Blockchain by combining traditional crowdfunding with blockchain technology and easy-to-engage smart contracts. By detailing their Roadmap Milestones and Timelines, start-up projects can optimize their functionality while protecting the investors’ peace of mind.

Gamesta CEO Spencer Tarring Talks About GameFi, Metaverse and How the Guild Fits in the Grand Plan

Gamesta CEO Spencer Tarring Talks About GameFi, Metaverse and How the Guild Fits in the Grand PlanGamesta is the smart contract-based guild enabling investors to connect and empower thousands of underprivileged players throughout the world. Gamesta Guild believes the value of any game is created by the network of players playing it. Each player, regardless of their wealth or means, represents the same value in a digital game, investing their time […]

UK Intelligence Chief Raises Concerns About Use of Digital Renminbi to Control Global Transactions

GCHQThe chief of the Government Communications Headquarters (GCHQ), one of the big three intelligence agencies in the U.K., has raised concerns regarding China and its digital renminbi. Sir Jeremy Fleming stated that the already existent Chinese CBDC could be used to collect information from users and, hypothetically, to control and filter global transactions. UK Worried […]

Bitcoin & cryptocurrency news

A Wave Of New Blockchain Games Are Accelerating Mainstream Adoption Of Collectibles And NFTs

As the NFT market grows bigger and better with each passing day, new and innovative third-generation blockchain platforms have paved the way for the emerging blockchain gaming sector to leverage the power of non-fungible tokens (NFTs) to their full extent. Currently, the aggregate market capitalization of NFTs has crossed $63 billion, with several NFTs and collectibles tokens experiencing continuous upward price momentum. Decentraland (MANA), Gala (GALA), The Sandbox (SAND), and several other blockchain games have already set the foundation for the much-hyped “metaverse,” giving users a sneak peek of what the future holds for them. Although NFTs have been around for a while, they really garnered mainstream attention between 2020 and 2021 amid eye-popping auction figures. With several NFTs changing hands for tens of millions of dollars, both service providers and consumers began to realize the true potential of NFTs, despite the initial speculative drive. For instance, the NFT ecosystem witnessed a flurry of new and promising projects in 2021. Prominent blockchain platforms like Ardor and Tron have also entered the scene with their own NFT games. The latest platform to join this list is Polygon, the layer-2 protocol for Ethereum. As part of its ongoing efforts to bridge the Web2 and Web3 worlds while actively supporting and facilitating the development of NFTs on its network, Polygon has entered the NFT scene with its recently launched Polygon Studios. This new division will focus exclusively on blockchain gaming and NFTs. The platform has also invested in Colexion, Asia’s biggest NFTs marketplace, and has announced to finance 50% of all ongoing product development costs for GameOn Entertainment, a prominent game development studio. All of this points to one thing: the NFT ecosystem has entered into the big leagues, and we will now see many other players merging NFTs with traditional video gaming. This makes sense when considering that the blockchain gaming industry has emerged as the fastest-growing sector within the blockchain ecosystem. Play-to-earn, free-to-win NFT games have disrupted the traditional gaming model by giving users complete ownership of in-game assets. As a result, more and more NFT games are being launched, some of which are backed by industry leaders and have the potential to revolutionize gaming as we know it. Here are a few NFT and blockchain gaming projects that you should watch heading into 2022. Redefining In-Game Asset Ownership Using NFTs While several blockchains support NFTs and games, Ardor is one of the few blockchains that offer native support. For instance, most platforms are oblivious to the number of NFTs minted or traded as most activities are managed via smart contracts developed by third parties. Although these smart contracts get the work done, relying on third-party developers leads to security risks, added costs, and centralization – all of which are problems for both the service providers and the consumers. The Ardor blockchain addresses these problems with features designed specifically for natively supporting NFT assets and tokens. Developed by the Swiss-based blockchain Jelurida, Ardor introduces a unique parent-child chain architecture alongside a multichain proof-of-stake (PoS) consensus mechanism and rich customization features. One game leveraging Ardor’s features (alongside Polygon’s infrastructure) is Mythical Beings, a card game that has gained substantial traction amongst players over the last couple of months. This free-to-play, play-to-earn game allows users to collect, buy, trade, and craft cards to earn cryptocurrencies. Each card and character in this game is unique and represented by individual NFTs. The rarer the card, the higher the value. This Ardor-based game uses the Polygon Bridge to bring its NFT collections on OpenSea, one of the largest NFT marketplaces, helping maximize interoperability and allowing players to access secondary marketplaces on Ethereum and other EVM-compatible chains. Due to this collaboration, Mythical Beings can offer its users the benefits of both Ardor and Polygon networks. Another promising NFT game is under development by Xaya, the oldest blockchain game development platform known for Huntercoin, the first-ever blockchain game launched in 2014. Autonomous Worlds, the team behind Xaya, is currently developing the on-chain version of the highly played Soccer Manager Elite game. Soccer Manager Elite is a community-driven and open-source multiplayer online soccer management game. The game is built on Xaya’s open-source blockchain gaming platform, giving players complete ownership of their in-game assets in the form of NFTs. SYN CITY is another upcoming blockchain game set to debut soon. This on-chain version of the mafia-syndicate-themed gameplay will be 100% free-to-play, play-to-earn. Developed by a team of gaming industry veterans from Disney, Amber, Ubisoft, Roblox, EA alongside tech giants such as Google, Tron, Yahoo, Twitter, SYN CITY relies on the concept of tokenized in-game assets. Backed by Twitch co-founder Justin Kan and Zynga China’s co-founder Robin Chan’s Goat Capital, SYN CITY recently raised $8 million from its investment round to develop innovative features and in-game products for its community. The game will also introduce the first-of-its-kind governance mechanism, Mafia-as-a-DAO (MaaD), to help automate decisions and facilitate transactions. With this governance mechanism in place, users can rest assured that all gameplay and rewards on the platform are transparent and provably fair. Finally, Splinterlands is another amazing blockchain game that everyone should check out. This innovative play-to-earn game has single-handedly dominated the blockchain gaming ecosystem. Previously known as Steem Monsters, Splinterlands allows users to earn rewards via in-game achievements, multiplayer battles, tournaments, and quests. Splinterlands now ranks as the most played game for four consecutive months, with the total number of active wallets on the platform swelling to 670,000. Over the last 30 days, the aggregate transaction volume on the platform has reached close to $400,000. The platform is now hosting the Chaos Legion release and pack sale in three phases. The Presale has been an enormous success, with one million card packs already sold. As more and more game developers start merging tokenization into their games, the next wave of blockchain boom will most definitely be due to the increased adoption of NFTs. NFTs are here to stay, dominate, and help players gain the most value from time, even via opportunities to generate passive income. The blockchain gaming revolution has just begun, and it may well be in your interest to ride this trend into 2022 and beyond.