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Blockchain Game Alliance Will Host NFT Open Forum to Boost Adoption

Blockchain Games

The Blockchain Game Alliance was formed by a group of companies looking to boost the adoption of blockchain technology in the gaming industry, and it is sponsored by companies like Ubisoft, AMD, ARK.io, Maker, and Algorand. The organization will be running an online open forum discussion on January 15th about the status of the NTF […]

The post Blockchain Game Alliance Will Host NFT Open Forum to Boost Adoption appeared first on Blockonomi.

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The Blockchain Game Alliance was formed by a group of companies looking to boost the adoption of blockchain technology in the gaming industry, and it is sponsored by companies like Ubisoft, AMD, ARK.io, Maker, and Algorand.

The organization will be running an online open forum discussion on January 15th about the status of the NTF space and its future in 2021.

The gamification of cryptocurrency investment strategies like yield farming represented a step forward for NFT’s, which promise to be a big player in the crypto ecosystem in 2021.

The Blockchain Game Alliance is Discussing the Latest Trends

The alliance believes that NFTs will play an important role in the game industry in the future and has invited 4 experts to talk about it by using a central question: “Which applications will generate interest and bring innovation in 2021?”.

The guest speakers will be Twobadour Paanar, Joël Hubert, Patrick Barile, Patrick Barile, Patrick Barile, and Alex Gausman, all of them with deep knowledge of the blockchain ecosystem.

Those interested in participating in the open forum will b able to do so via the Livestream on Friday 15th at 4 pm CET on the Alliance’s YouTube channel.

Gaming as the Gate to Blockchain’s Mass Adoption

One of the most important requirements for the mass adoption of any new technology is users not realizing they are using it while benefiting from everything it has to offer.

This level of integration and ease of use is what has made technologies like the internet, streaming, telecommunications, and computing such an essential part of daily life.

Videogame trends like the growing F2P business model incentive users to acquire in-game assets such as skins, weapons, loot boxes, characters, etc, by playing the game to earn them or by buying them.

However, these assets are limited to the developer’s ecosystem and can be taken from the player or modified at any time, making them feel more like borrowed assets.

This has made Non-Fungible Tokens (NFTs) one of the most popular applications of blockchain technology in the gaming industry, for games entirely built using blockchain and platforms looking to create gaming ecosystems alike.

NFTs are Becoming More Popular

The use of NFTs brings clear advantages for players not only by providing them with ownership over their assets but by allowing developers to create more complex universes in which games can interact with each other.

Most importantly, this happens without the player having to know what an NFT or blockchain is or is required to jump through hoops.

The reason why the gaming industry has such a potential to drive blockchain and crypto mass adoption over other industries is its sheer size, being bigger than all other entertainment industries combined, and the tech-savvy nature of most of its users.

2020: A Great Year for NFTs and Crypto

2020 will be a year to remember for decades to come as a year full of events that affected people on a global scale.

It will also be a year for crypto and blockchain enthusiasts to remember due to the bull run that took place by the end of the year, the Decentralized Finance (DeFi) and NFT boom, and innovation in multiple niches.

In the words of Ilya Abugov, DappRadar’s project manager: “There is more hype around NFTs right now. To some extent, it’s an extension of the DeFi excitement.”

Projects like MEME and Aavegotchi showed the world the potential of NFTs to do more than just work as collectibles by merging them with DeFi yield farming, while markets like Rarible and Opensea attracted thousands of users and investors around the world.

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Source: https://blockonomi.com/blockchain-game-alliance-will-host-nft-open-forum-to-boost-adoption/

Blockchain

Bitcoin Halving: Definitive Guide (In Just 5 Minutes)

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Bitcoin halving is often referred to as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm.

Bitcoin halvings take place once in every four – 4 years approximately, or for every 210,000 block transactions.

The process of halvening started in the year 2012, approximately after 4 years of the invention of bitcoin i.e 2008, but practically bitcoins came into play in the year 2009.

After the first bitcoin halving, the block reward of 50 bitcoins per transaction were reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and it has now fallen to 6.25 after halvening in 2020.

The main idea of halvening is to create scarcity for the coins and to control inflation, as bitcoins issuance is limited to 21 million coins as per the idea of Satoshi Nakamoto, inventor of Bitcoin.

The production of 21 million bitcoins involves 32 halvenings, we are now done with two halvenings and this might continue till or come to an end in the year 2140.

Investors from all over the world are excited and waiting for the Bitcoin price to increase, and the demand for bitcoins in the online gambling industry is high. Bitcoins are widely accepted at Bitcoin Casinos as they collect deposits in the form of cryptocurrency from their players.

To know the overview of Bitcoin Halving (Just in minutes), check out the following infographic developed by Abishai James at WinBTC.net in partnership with ACMarket.

bitcoin halving

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Blockchain in Mobile Application Market

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Blockchain & Mobile apps: With the vast competition already in the marketplace, several technologies are coming out to survive in the present market scenarios.

Blockchain, most popular technology is well aware of many due to its association with a cryptocurrency like bitcoin. It’s now used in mobile applications to make transactions safe, secure, and speedy.

Blockchain is generally used to modify the usage of mobile applications in order to make the app installation procedures simple, easy and eliminates all kinds of unwanted stuff. It has a greater ability to reshape the mobile industry with its outstanding features.

Blockchain in mobile apps ensures tremendous growth in the coming days. Check out the following infographic on – Blockchain in the mobile Application Market, developed by winbtc.net in partnership with AC Market.

blockchain in mobile application market

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