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Enjin Cyborg Quest: Gaming Competition with $50,000 Prize Pot

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Blockchain-based gaming platform Enjin (ENJ) has partnered with SwissBorg for a cross-platform gaming competition with a total prize of $50,000. The event will see players competing across eight different titles in a “Ready Player One” style contest.

Blockchain is becoming an integral part of the ongoing developments in the gaming industry. Stakeholders say the novel tech provides players with the opportunity to passport value from game environments to financial markets thus providing a platform for tokenizing the entertainment value of these games.

Enjin Cyborg Quest will Involve Eight Games

Enjin announced the news of its partnership with SwissBorg via a press release shared with Blockonomi on Wednesday (July 29, 2020). Dubbed “Cyborg Quest,” Enjin and SwissBorg have created a cross-platform gaming contest across eight different titles which will commence on August 3, 2020.

According to the press statement, the gaming contest will involve titles such as Bitcoin Hodler, Grasshopper Farm, Min-Mins, and Lost Relics. The other four games in the competition include Forest Knight, Kingdom Karnage, MyMeta Minecraft, and The Six Dragons.

Players who finish the first seven games will receive Cyborg; an NFT token developed by SwissBorg. Participants will have to piece the tokens together to gain access to Lost Relic which is the final game in the cross-platform contest.

Commenting on the competition, Maxim Blagov, CEO of Enjin remarked:

“This is the first of many cross-game events that will occur thanks to our blockchain technology. We have been making tools that gamers love for over 10 years, and as we push the envelope once again, we are taking another step toward a digital world in which everyday people can live their lives and find their fortune.”

According to an Enjin blog post on the Cyborg Quest, 16 main prize winners are expected to emerge from the gaming contest. The winners will receive SwissBorg premium account tokens valued at $50,000.

Participants who finish the contest will also receive a SwissBorg robot which is a unique blockchain asset usable in games like Lost Relics, MyMeta Minecraft, and Forest Knight. The competition is also part of the celebration of Enjin coin’s listing on the SwissBorg Wealth App.

Based on this listing, players will be able to trade and sell their reward tokens for ENJ. The Enjin Coin token is currently the 61st-ranked cryptocurrency by market capitalization.

Tokenizing Gaming Ecosystem Via Blockchain Technology

According to the Enjin blog, the Cyborg Quest is also a practice run for Enjin’s upcoming Multiverse Quest. The Multiverse Quest is Enjin’s ambitious cross-game experience that will involve Monolith; the first-ever ERC-1155 token created which is also backed by $200,000 in ENJ. Ethereum adopted the ERC-1155 token standard back in mid-June 2019.

Enjin continues to be one of the major participants of the emerging trend of blockchain utilization in the gaming industry. Since raising about $18.9M from its 2017 ICO, the network has gone on to have more than 20 million users worldwide.

As previously reported by Blockonomi, Enjin is heavily involved in the move towards decentralized gaming with key partnerships with the likes of Samsung Electronics and the Blockchain Robotics Engineering Consortium (BREC).

For SwissBorg co-founder Anthony Lesoismier, blockchain provides a base layer for gamers to passport their digital wealth from the gaming world to the “real world.” The ERC-1155 standard is increasingly becoming the de facto token for tokenizing collectibles found in numerous new-generation games.

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Source: https://blockonomi.com/enjin-gaming-competition/

Blockchain

Swipe Is the Latest Project to Integrate Chainlink’s Price Oracles

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Swipe wallet and crypto debit card platform has integrated Chainlink (LINK) data oracles to improve the accuracy of reward issuance and token burns. 

Swipe CEO Joselito Lizarondo said Chainlink’s decentralized price feeds will provide more accurate and fair token conversion prices for users and was an important step towards  greater decentralization:

“This is important to us to bring transparency to our users, especially as we’re kind of leaning towards starting to migrate from custodial products to noncustodial products in the future. So this is a starting point of decentralization in our system to ensure that our users are seeing a fair price point.”

Cointelegraph asked Lizarondo whether the rising price of LINK concerned him as consumers of Chainlink data have to pay with LINK tokens for their data calls. Lizarondo acknowledged that “there is a fee structure,” but declined to disclose the details.

Half a million users

The Swipe CEO declined to disclose statistics about debit card transaction volumes besides saying that they have 500,000 users. He noted that since his competitors do not disclose their numbers, he does not want to give them an advantage.

Major cryptocurrency exchange Binance is the majority owner of Swipe, but Lizarondo said the company has preserved its operational independence. Swipe also has an interesting philosophy towards digital assets custody, they employ two major custodials — Coinbase Custody and BitGo.

Lizarondo explained that it is dictated by both necessity, as Coinbase does not yet support Swipe’s native token SXP, and a desire to diversify their risks:

“We don’t want to put all of our eggs in one basket. We don’t want to have a central point of failure, even though these are very reliable custodians.”

Source: https://cointelegraph.com/news/swipe-is-the-latest-project-to-integrate-chainlinks-price-oracles

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Craig Wright Won’t Need to Pay Hodlnaut $60K Until Appeal Is Over, Says Counsel

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Craig Wright, a self-proclaimed Bitcoin (BTC) creator, is apparently not required to pay legal fees for a failed libel suit against the Twitter crypto enthusiast known as Hodlonaut.

In an Aug. 14 email to Cointelegraph, Wright’s legal representative argued that he is not obliged to pay legal costs in the defamation suit until the Norwegian Supreme Court considers an appeal.

The spokesperson said, “Craig has appealed to the Norwegian Supreme Court. Craig’s Norwegian lawyers say that there is no obligation on Craig to pay the costs until that appeal is dealt with.”

The new comments come in response to Hodlonaut claiming that Wright has been ignoring a court filing requiring him to pay legal fees within two weeks following a Jun. 8 court judgment. In an Aug. 13 tweet, Hodlonaut argued that Wright “has not paid a cent” out of $60,000 in two months after the judgement was made.

According to Hodlonaut, the Norwegian Court of Appeals denied an appeal to Wright earlier in June. The Twitter persona continued that Wright was obliged to pay “all costs for both District Court and Court of Appeals” in a tweet on June 8.

As previously reported, Hodlonaut is one of several crypto people targeted by Wright’s multiple defamation suits aiming to prove that he is the true creator of Bitcoin. Similar cases were brought against Ethereum co-founder Vitalik Buterin, early Bitcoin investor Roger Ver, and podcaster Peter McCormack.

The legal action against Hodlonaut was reportedly triggered by offensive tweets calling Wright a “very sad and pathetic scammer” and claiming that the Australian businessman was “clearly mentally ill.” Hodlonaut is also reportedly involved in the creation of the #CraigWrightIsAFraud hashtag.

In response to initial reports on Wright filing a libel suit against Hodlonaut, the crypto community announced a crowdfunding to help the Twitter crypto enthusiast “unfounded legal attacks.” 

Blockchain​ entrepreneur Elizabeth Stark was apparently among the first crypto players to support Hodlonaut, announcing WeAreallHodlonaut.com crowdfunding website in April 2019. At the time of writing, the initiative has raised $32,430 worth of Bitcoin (BTC), blowing well past it’s initial goal of $20,000.

How or whether these funds have been applied to Hodlnaut’s legal costs remains uncertain, but the site claims “We hit our $20k goal but lawyers can get expensive so please keep it up with the donations.” It also features a link for a swag store, the proceeds of which purportedly go to the legal defence fund.

Source: https://cointelegraph.com/news/craig-wright-wont-need-to-pay-hodlnaut-60k-until-appeal-is-over-says-counsel

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Bitcoin a Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins

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The Winklevoss Twins suggested that Bitcoin (BTC) is a better investment than gold because the metal’s supply will increase after Elon Musk starts mining asteroids.

In an interview with internet personality and Barstool Sports founder David Portnoy, the Winklevoss Twins claimed that Bitcoin is a better investment than gold because gold does not have a fixed supply:

“There’s billions of dollars of gold floating in asteroids around this planet, and Elon [Musk] is gonna get up there and start mining gold. […] That’s why gold is a problem, because the supply isn’t fixed like Bitcoin.”

Portnoy reasonably asked, “Is that, like, a real statement?” to which the founders of Gemini cryptocurrency exchange replied, “yeah.”

To further reiterate the idea that gold is inferior to Bitcoin, one of the twins said that “gold is for boomers” adding that Bitcoin is “the only fixed asset in the galaxy.”

Space mining is not a new idea, in fact Planetary Resources — a firm planning to mine asteroids for profit founded in 2016 — has so far raked in $50.3 million according to company data website Crunchbase. As Cointelegraph reported at the end of 2018, the firm was later acquired by Ethereum-focused blockchain firm Consensys.

Some predict that with further development of space travel technology we could soon see a new space race between private companies that are looking to mine minerals in space. CNBC suggested in May 2018 that materials lying in the belt of asteroids between Mars and Jupiter hold “wealth equivalent to about $100 billion for every individual on Earth.”

Source: https://cointelegraph.com/news/bitcoin-a-hedge-against-elon-musk-mining-asteroid-gold-say-winklevoss-twins

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