Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Crypto Exchange FTX To Introduce Its Gaming Unit

Crypto exchange FTX has decided to start a new gaming unit. FTX Gaming intends to offer a ‘crypto-as-a-service’ platform, this in return will help gaming companies to introduce and launch their tokens and even offer support for non-fungible tokens. 

FTX Gaming through this new introduction would be encouraging a merger between the crypto and gaming industries. This would ensure the development of these sectors along with supporting their growth too. One spokesperson from FTX stated:

We are launching FTX Gaming because we see games as an exciting use case for crypto. There are 2 billion+ gamers in the world who have played with and collected digital items, and can now also own them.

The merging between crypto and gaming industries could provide digital tokens and NFTs to gamers with more ownership over the items they earn while gaming. FTX’s unit has begun hiring a remote team of software engineers with experience in coding in the game engine Unity. 

Growing Investment In The Gaming Sphere

November 2021, FTX had announced a $100 million GameFi ecosystem fund in partnership with Solana Ventures and Lightspeed Venture Partners. As mentioned above by FTX, games make an exciting use case for crypto and this sentiment has been reflected by the inflow of investments into the gaming industry. Major tech giants have invested heavily in the developing play-to-earn (P2E) gaming ecosystem. 

According to a report by DappRadar, it was mentioned there were 398 active blockchain games as of January 2022 which marked a 92% appreciation compared to the previous year. 

Related Reading | Intel’s 1st Gen Bitcoin Miner Offers Just 1/3 Hashrate Of Bitmain’s Best Model

FTX’s New Development Comes Amidst Criticism From Gamers 

FTX’s newest decision has been subjected to criticism despite the larger trend favoring the gaming industry. Increasingly with time, gamers, fans, and even developers have criticized the play-to-earn model which is adopted by several platforms. The play-to-earn model, helps gamers to earn while they are playing. 

Those who have expressed discontentment over the model have stated that earning profits through gaming can prove to be rather dangerous and could invite further trouble. 

P2E has been often regarded as a scam and unhealthy. This is because through such a model games can become highly susceptible to multiple scams.

Amy Wu, head of FTX’s US $2 billion venture capital fund, has however maintained a neutral stance regarding the P2E gaming model. Wu is of the opinion that it is quite early to comment about the impact of play-to-earn games until more studios bring in games that offer digital assets. 

Related Reading | Bitcoin Detractor David Heinemeier Hansson Says “I Was Wrong, We Need It”



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