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Zilliqa has revealed a new Web3-focused gaming console and hub set to launch in 2023.



The console, slated for release in 2023, integrates complex Web3 elements like crypto wallets and mining, allowing gamers to earn ZIL coins for completing in-game quests, similar to how existing games reward users with virtual currency, except now the rewards involve blockchain technology.



Zilliqa is looking to make its foray into the gaming industry against major industry giants such as Playstation, Nintendo, and Xbox. Video game consoles generated roughly $107.5 billion in 2021. Statista expects the industry to grow to $130.8 billion by 2026.



The prototype console reveals an HDMI port, Ethernet, USB-C, and USB 3.0 ports. Zilliqa has remained tight-lipped about other specifications, although it did indicate that the console was designed to abstract away the complexities of Web3 to provide a more user-friendly experience.



Players could also mine ZIL coins, adding to the security of the Zilliqa blockchain.



At press time, Zilliqa was testing the console for a Q1 2023 launch.



In Aug. 2022, Zilliqa launched its first in-person shooter game, WEB3WAR, to be a skill-to-earn game rather than a play-to-earn game like Axie Infinity, which the company believes is a more economically sustainable model. WEB3WAR will be one of two initial titles that Zilliqa will release for the console.



Zilliqa is a layer one blockchain for smart contracts. Earlier this year, Zilliqa announced partnerships with various esports teams, the latest being Swiss company Xborg, to help propel its efforts in the Web3 gaming space. Xborg will allow its player base access to games built on Zilliqa for the players to provide feedback on their experience. Where possible, Xborg will seek to amp up Zilliqa games’ exposure to the broader gaming community.



Gamers vs. developers conundrum



Zilliqa’s approach is designed to attract avid gamers more than crypto enthusiasts that don’t mind a rudimentary gaming narrative and experience. Play-to-earn games have historically struggled with sustainable tokenomics, evidenced by Axie Infinity’s migration from play-to-earn to play-and-earn following inflationary concerns over one of its in-game tokens. Other games like Splinterlands have fared better, providing updates that incentivize token hodling by offering hodlers rewards. There is a constant tension between players looking to sell in-game tokens for fiat and game developers who don’t want them to.



Siloed ecosystems frustrate gamers



One of the gripes traditional gamers face is that they don’t own any in-game assets they acquire by completing missions and tasks, and game vendors sometimes go the extreme lengths to prevent players from exchanging assets. In some cases, players wanting to trade such assets must sell their accounts on the dark web.



Valve Steam Community Marketplace pioneered a different approach that allowed players of varying Valve titles to trade assets. Valve now has a peer-to-peer marketplace where gamers can trade assets using fiat money.



For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.
The post Nintendo, PlayStation, & Xbox Get New Competitor as Zilliqa Prepares to Launch Web3 Gaming Console appeared first on BeInCrypto.


Zilliqa has revealed a new Web3-focused gaming console and hub set to launch in 2023.
The post Nintendo, PlayStation, &#038; Xbox Get New Competitor as Zilliqa Prepares to Launch Web3 Gaming Console appeared first on BeInCrypto.


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Nintendo, PlayStation, & Xbox Get New Competitor as Zilliqa Prepares to Launch Web3 Gaming Console


After the massive success of its past collections with prominent holders such as Eminem on BSC, NFT Demon now expands to the metaverse with his new NFT Collection, Super Gremlin. As of September 2022, The project has acquired a prime spot of land in Decentraland, creating a hub for their NFT Holders to share and create unique experiences. 



To grasp the significance of this, it helps to understand what Decentraland is and why it is so important. Decentraland is a user-oriented virtual metaverse where people around the world can congregate and share ideas and resources. It is a digital space with its ecosystem, culture, economic opportunities, and even real estate. 



With this in mind, real estate in Decentraland is highly important, as attaining a high-quality spot not only shows your dedication to the metaverse but also places your project in a prominent location for Decentraland’s community to all see. By acquiring such a place, NFT Demon shows the virtual world that their Super Gremlin NFT collection is a serious project.



It additionally means that members of Decentraland can easily locate Super Gremlin’s space and utilize it as the perfect area to share unique and immersive experiences. In other words, it gives the fanbase a location where they can feel at home and connect with like-minded individuals. 



The prime location also helps with one of NFT Demon’s most altruistic goals, which is to raise awareness of cancer. Jeremy Ryan, AKA NFT Demon, is a cancer survivor. The artist and entrepreneur had a four-year battle with a brain tumor, along with other forms of cancer, throughout his body. Despite medical practitioners informing him that his chances of survival were near-impossible, Ryan recovered – nothing short of a medical miracle. As a means of honoring his own experience and helping others in the world, he wants his art to spread awareness of cancer to aid those who are suffering themselves. 



About Super Gremlin



Super Gremlin is an NFT Collection aimed to be different from every other project in the NFT space. While other projects focus on profits, the Super Gremlin community helps fund NGOs that fight against cancer every day. Inspired by the story of its founder Jeremy Ryan, a brain cancer survivor, we aim to raise awareness & help various organizations through charitable contributions. The Super Gremlin community will also get to learn about NFT Art through various interactions with its founder, aka NFT DEMON.



Super Gremlin: Website
The post Super Gremlin announces Metaverse expansion by acquiring a prime location in Decentraland appeared first on BeInCrypto.


After the massive success of its past collections with prominent holders such as Eminem on BSC, NFT Demon now expands to the metaverse with his new NFT Collection, Super Gremlin. As of September 2022, The project has acquired a prime spot of land in Decentraland, creating a hub for their NFT Hold...

Super Gremlin announces Metaverse expansion by acquiring a prime location in Decentraland


Discover Teritori, the new Cosmos SDK-based social hub.



Teritori in a nutshell







Teritori is both a new blockchain and a multi-chain hub designed to allow IBC and non-IBC communities to connect, create groups, exchange services, and NFTs, launch new projects, and expand existing ones.



The hub includes dApps for everyday use, such as a launchpad and a multi-chain NFT marketplace, as well as social features for individuals and DAOs.



Teritori Network



As a blockchain-based on the Cosmos SDK, Teritori has its own governance token: the TORI.



Among other things, TORI will allow token holders to vote on the network’s strategic directions. The token will also allow contributors to propose the integration of new features or dApps within the Hub after the launch.



Below is a diagram that summarizes the different uses of the token:







The Hub



One of the first features that will be released is the Teritori Name Service, which will allow you to display a @pseudo.tori on your profile that you can use anywhere on the hub. Other name services will also be integrated over time.



Teritori aims to make it easier and more attractive for builders and DAOs to launch their projects with its multi-chain approach. 



The first projects to be launched will be on the Teritori network and other networks like Ethereum and Solana will be added over time to foster cross-network collaborations.



Among the main dApps that will be available on Teritori from the launch is its NFT marketplace. This will allow creators to list their collections on the same networks as the launchpad and, over time, more features will be added to provide personalized experiences for buyers and holders. 



By focusing on the quality of the listed projects, the marketplace could help volume-limited networks to attract more attention to their projects as we have already seen on other marketplaces.



Let’s now talk about the social features offered by the hub and in particular the notions of profile and social feed.



Profile management will be an important part of Teritori. As stated in the whitepaper, “We believe that the Web3 identity can become more than a PFP and a follower count.” 



First of all, the approach the core team has opted for is to allow anyone to connect addresses from different networks to keep track of each asset, allowing for a complete experience without the need to jump from one website to another.



Allow users and communities to manage their private and public profiles to keep control over how much information they are willing to post. 



Over time, users will also be able to personalize their experience by selecting the dApps they are most interested in to display on their personal hub. 



Finally, Teritori plans to introduce experience and skill certification systems to improve coordination and make it easier for teams to find the next talent to hire and work with.



The social feed will allow us to share our ideas and interact with the DAOs as well as with the users we follow.



Teritori also offers a job board to publish or apply for a job and facilitates matchmaking between organizations and individuals to help launch projects.



Finally, Teritori uses the Berty protocol to offer a decentralized alternative to the existing Web2 communication tools we all use daily and to propose token-gated groups.



Airdrop



Teritori is about to go mainnet and an airdrop, a great tradition of the Cosmos ecosystem has been announced. 70 million TORI will be distributed to 4 different groups:



Atom holders



A snapshot was taken at the same time as the GNØ snapshot on May 20th, 2022 at 8:00 UTC.



Eligible addresses will be announced very soon.



The R!ot NFT holders



The R!ot is the first NFT collection to launch on the Teritori network and naturally, the holders will be eligible for a part of the airdrop.



NFT holders on other Cosmos networks



To top it off, Teritori will allow holders of other Cosmos NFTs to claim a portion of the airdrop. Indeed, part of the airdrop will be reserved for holders of several collections, including Orbital Apes on Evmos.



Finally, the top 500 games of Teritori



Game of Teritori, a game launched by the core team to involve the community in the marketing development of the project will reward the top 500 most active players.







The R!ot



In addition to the launch of the chain and the Hub, Teritori has announced the launch of “The R!ot” project, the first NFT collection to be released on the network. 



Not much has been revealed yet, but it seems that holders could benefit from rewards and that the lore will be at the center of this adventure.



Social channels:



Linktree | Website | Whitepaper | Medium | Twitter | The R!ot Twitter | Discord
The post Teritori: Connecting Tribes on a Multi-chain Hub appeared first on BeInCrypto.


Discover Teritori, the new Cosmos SDK-based social hub. Teritori in a nutshell Teritori is both a new blockchain and a multi-chain hub designed to allow IBC and non-IBC communities to connect, create groups, exchange services, and NFTs, launch new projects, and expand existing ones. The hub inclu...

Teritori: Connecting Tribes on a Multi-chain Hub

Decentralized finance (DeFi) platform Cake DeFi will set up a global R&D hub called Birthday Research to develop best-in-class technologies for the blockchain and digital asset sectors.
The project said its initial budget will be set at $50 million.
Cake DeFi’s Research Hub 
Based in Singapore, Birthday Research will have a budget of $50 million to be spent over the next four years. The headcount at Cake DeFi’s current R&D department will grow to over 100 members from around 50 now, Cake Defi said in a PR shared with CryptoPotato on Tuesday. 
“The launch of our global R&D hub, Birthday Research, in Singapore supports the Singapore Government’s direction on digital asset innovation. We are committed to building the B2B digital asset infrastructure and uplifting Singapore’s blockchain ecosystem to drive innovations in fintech,” said Dr. Julian Hosp, Co-Founder, and CEO of Cake DeFi.
New R&D Focus Areas 
Birthday Research will aim to support institutions with blockchain infrastructures such as node, custody, and keys management through open-source blockchain R&D. Besides, it will try to develop a “SWIFT” system for decentralized finance. 
An important task that the upcoming R&D hub will perform is bringing all product innovations and developments of Cake DeFi into a technology stack of B2B solutions. Another field in which Birthday Research will try to contribute is traditional finance. It will attempt to find solutions to existing problems in payment transactions, trust and transparency, and access to financial services.    
These initiatives align with the Monetary Authority of Singapore’s (MAS) direction to grow all aspects of the digital asset ecosystem, the company said.
$1 Billion of Assets in Custody 
In March, Cake DeFi unveiled its venture arm Cake DeFi Ventures, with a fund of $100 million. The new entity will invest in tech startups in Web3, Metaverse, NFT, eSports, Gaming, and Fintech.
On its third anniversary in June, the company informed that it had paid $317 million in rewards to users till Q1 2022. Cake DeFi also revealed that the number of registered members on its platform grew to nearly 1 million while assets in its custody were over $1 billion.
The company allocated $1 million to support DeFi Environmental, Social, and Governance (ESG) initiatives.
In July, Cake DeFi joined hands with Razer Silver Rewards, which facilitates gamers on this platform to convert their Razer Silver into Cake DeFi vouchers and further into BTC, ETH, and other coins. 
The post Cake DeFi Launches Blockchain Hub Birthday Research With $50 Million Investment Plans appeared first on CryptoPotato.

The revamped R&#038;D team will put together a technology stack of B2B solutions drawing on Cake DeFi's product innovations and developments. 

cryptopotato.com

Cake DeFi Launches Blockchain Hub Birthday Research With $50 Million Investment Plans

Notably, Gulf countries have joined the list of crypto-favored regimes. And Dubai appeared as a leading crypto hub currently working on multiple projects to support the blockchain infrastructure and web 3 technology. As a result of which, it attracted many crypto companies worldwide to join the emerging market. 
Similarly, blockchain.com, a cryptocurrency exchange and financial service provider for retail and institutional businesses, won a provisional regulatory license from Dubai’s Virtual Asset Regulatory Authority (VARA) on Friday to set up an office in the Gulf’s center of crypto.
Related Reading: Ford Motor Gears Up For The Metaverse With Trademarks For Virtual Cars
Speaking on the grant of regulatory approval, blockchain.com noted in an official blog post;
Known for pioneering innovation in architecture, finance, and travel, the United Arab Emirates aspires to become a hub of global assets and blockchain technology. Dubai is committed to providing the crypto industry with a meaningful center of gravity that also boosts the local economy. The regulatory body’s strategy is to provide meaningful guidelines and regulatory predictability to virtual asset service providers while protecting investors and enabling the growth of the virtual assets sector.
Blockchain.com is not the first company to get approval from VARA, the world’s first regulatory body designed to regulate blockchain and metaverse businesses specifically. Other crypto companies that got licenses before blockchain.com includes OKX and FTX. The London-based blockchain company blockchain.com is already running its subsidiaries in Singapore, North America, Europe, and South America. 
Developments and legislation came after the city’s current ruler, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, revealed his intentions to transform the emirate into a global tech hub.
The flagship coin, Bitcoin, is currently hovering above $21,500. | Source: BTCUSD price chart from TradingView.com
Dubai Ruler Introduced Dubai Metaverse Strategy
In July, the Vice President and Prime Minister of UAE’s defense, Sheikh Hamdan, launched Dubai Metaverse Strategy. It aims to make the emirate the world’s top ten metaverse economies and plans to create more than 40,000 job opportunities in virtual finance by 2030.
In addition, the strategy plans to conduct Research and Development (R&D) collaborations, attract global companies, expand the scope of new content creators and developers, and much more. All the new construction of government buildings will be also liable to build supporting pillars for metaverse technology.
In addition, VARA announced the launch of a new license program and guidelines for crypto-related marketing and advertising services platforms. The new rules cover all types of Virtual Asset Services providers that will need to meet the regulatory policy, alongside revealing any promotional intent of a product so the security measures could ensure users’ protection.
Related Reading: Dubai Pushes Out Crypto Marketing Rules To Further Safeguard Investors
Vara added in a statement;
The principles are supplemented by rigid enforcement standards and penalties for non-compliance that collectively provide market confidence ahead of MVP operations, as it augments marketing, data protection and consumer protection laws that have been well embedded across the UAE.
Featured image from Pixabay, chart from TradingView.com


Notably, Gulf countries have joined the list of crypto-favored regimes. And Dubai appeared as a leading crypto hub currently working on multiple projects to support the blockchain infrastructure and web 3 technology. As a result of which, it attracted many crypto companies worldwide to join the e...

Cosmos Hub price	$14.28
Low - High 24H	$13.74 - $14.81
Market cap	$4.16B
Volume 24H	$469.97M
All time high	$44.45 -68.03% January 17th 2022
All time low	$1.16 1124.98% March 13th 2020
Genesis date	N/A

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