More than 50 million people worldwide consider themselves to be creators -- here's how they're doing it.

If you want to earn money at a blackjack table with zero investment and zero risk, then it is time […]

The coordinated cyberattacks targeting Ukrainian government websites and the deployment of a data-wiper malware called WhisperGate on select government systems are part of a broader wave of malicious activities aimed at sabotaging critical infrastructure in the country. The Secret Service of Ukraine on Monday confirmed that the two incidents are related, adding the breaches also exploited the

The stocks market is selling off after disappointing earnings from Goldman Sachs, the Empire State manufacturing survey showed growth stalled in January, and as surging yields have investors abandoning rate-sensitive sectors such as technology. The emergence of skyrocketing expenses for Wall Street banks has many investors worried that wage inflation may have been broadly underpriced […]

Legal cannabis sales in the United States surpassed $17.5 billion in 2020, growing 45 percent over 2019’s total. Market research firm BDSA expects revenues to grow another 38 percent in […]

The UAW local wants a guarantee for hiring workers who are union members

2021 was a big year for mass crypto adoption – and no, we don’t mean El Salvador. As thousands of ...

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The British pound has extended its losses as GBP/USD has fallen for a third successive day. The pair has fallen below the 1.35 line in the European session. US yields hit 2-year high The US dollar has received a boost as 10-year yields have pushed above the 1.80% and touched a 2-year high. The 2-year […]

People often talk about getting onto the property ladder, but property is only one type of asset used for wealth creation. Equities is the primary asset used by the wealthy. Imagine somebody born into a poor family who on her/his 21st birthday receives a certificate that in real inflation adjusted terms represents more money than […]

The post Part 3: Equities birth certificates to get people onto the 1st rung of the wealth creation ladder.  appeared first on Daily Fintech.

Reddit co-founder Alexis Ohanian is the latest industry figure to express excitement about the concept of play to earn games. The serial entrepreneur, who has now turned his attention mainly to blockchain and crypto-related projects, is optimistic about the promise of play to earn, predicting that it will dominate the gaming world in just a few short years.

As reported by Business Insider, Ohanian discussed the potential uses of blockchain tech in gaming on a recent episode of the Where It Happens podcast.

"90% of people will not play a game unless they are being properly valued for that time," Ohanian claimed in the podcast. "In five years, you will actually value your time properly, and instead of being harvested for advertisements, or being fleeced for dollars to buy stupid hammers you don't actually own, you will be playing some on-chain equivalent game that will be just as fun, but you'll actually earn value and you will be the harvester."

Play to earn games generally use crypto tokens instead of a regular in-game currency, meaning that players can theoretically exchange their in-game earnings for real-world currency. The most popular title in the category at the moment is Axie Infinity, a Pokemon-like game where the titular Axies can be bought and sold for RONIN cryptocurrency.

Axie's in-game economy is already running into issues according to a Business Insider report, which claims that player returns from the game are slowly diminishing over time due to players cashing out earnings instead of investing them back into the game. The game also has a minimum buy-in of around $300, a high barrier to entry for many players, with lower-level players often earning well below minimum wage.

Other industry figures who have expressed interest in the concept of play to earn games include Take-Two head Strauss Zelnick, EA CEO Andrew Wilson, and Square Enix CEO Yosuke Matsuda, whose comments on blockchain games sparked controversy when he predicted that gamers would move away from what he called "play to have fun."

Ukraine said Sunday it had evidence that Russia was behind a massive cyberattack that knocked out key government websites this past week, as Microsoft warned the hack could be far worse than first thought.

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US stocks struggled after the big banks had a rough start to earnings season.  JPMorgan shares dropped sharply over fears that surging expenses and wage inflation may lead to a greater profit miss over the next couple of years. Risk appetite did not get any favors from a wrath of US economic data that missed […]