Blockchain
The largest play-to-earn NFT’s guild signed up 100,000 players from developing countries
Crypto Gaming United (CGU) signed up 100,000 community members via its Discord channel, making it the largest play-to-earn guild in just 12 weeks since its launch. These members are primarily based in developing countries, where play-to-earn offers an empowering alternative to social ills such as unemployment and lack of opportunity.
CGU, an industry leading Non-Fungible Token (NFT) gaming company enabling the play-to-earn business model in the metaverse, is enjoying explosive player growth in more than 30 countries following its successful Initial Dex Offering (IDO) that sold out in a record 6 seconds.
A key barrier to entry for players to start working and earning in the metaverse is the need to invest money in NFTs. By joining CGU, members gain CGU as their microfinancing partner that makes the initial NFT investment to give qualified players access to new income streams in exchange for a portion of their earnings. Furthermore, CGU is differentiated in the play-to-earn space since its tech ecosystem uniquely includes a crypto exchange (TimeX) and a crypto labor portal (LaborX) that together enable custom player financing capabilities and player monitoring systems.
Members join the CGU community for starting capital, education, and mentoring, which is similar to entrepreneurs needing seed investment and guidance to launch a new business. After obtaining “scholarships” from CGU to play-to-earn and learn, new players are upskilled by experienced players to achieve their top earning potentials. There are already over 5,400 active scholars in the CGU community now, with this number growing daily.
While CGU is now a cultural phenomenon in the Philippines and Russia with thousands of players earning US$150 to US$750 per month, players are also joining the platform from countries all around the world, including Cuba, Venezuela, Turkmenistan, and African nations.
“CGU offers a living wage to people who need it the most in the countries where jobs are scarce, access to loans is difficult, and opportunities to learn new skills are lacking,” said Sergei Sergienko, a leading blockchain expert and CGU co-founder.
“By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse,” he added.
To get started with their play-to-earn career, members join the CGU community, with CGU having to purchase about US$1,000 worth of NFT assets per player. This upfront investment and CGU’s valuable tech platforms allow players to generate income from games like Axie Infinity, earn in-game NFTs, and invest cryptocurrency or cash it out into their local fiat.
To support its thousands of players, CGU recently raised a total of US$17.5 million in three investment rounds, the last one being the actual IDO of the CGU token on the TimeX exchange. The IDO was hugely successful and sold out in a record 6 seconds. In total, CGU has 1 billion tokens, of which the majority (58%) is reserved for the CGU community and treasury.
The surge of new members joining CGU has pushed the token price past US$2 – valuing CGU’s fully diluted market cap over US$2 billion. The CGU token, built on Binance Smart Chain, can currently be purchased on TimeX, Pancakeswap, and Olive.Cash exchanges with more exchange listings to come soon. Timebridge.org, also part of CGU’s tech ecosystem, can be used to covert CGU token from Binance Smart Chain to Ethereum.
Investors in the CGU token benefit from its appreciation as revenue from CGU players, members in the CGU global community, and the value of CGU’s NFT assets continue to increase. In this way, buying CGU token can be considered a diversified investment into the metaverse and the workforce of the future.
“We believe that CGU is the lifeline for soon-to-be hundreds of thousands, and ultimately millions, of play-to-earn professionals, who will use these initial jobs to launch their careers in the metaverse,” said Mark Carnegie, founding partner of M.H. Carnegie & Co., entrepreneur, esteemed investor and venture capitalist, and CGU’s largest supporter.
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Blockchain
JuicyBet Launches Its Innovative GambleFi Platform
JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.
What is GambleFi?
GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.
How JuicyBet works
JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.
All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.
However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.
- First, the tokens provide access to betting.
- Second, token holders get their share of the platform’s profit.
- Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
- And finally, DAO participants can also perform the role of oracles for bets and earn rewards.
In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.
In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.
JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.
Blockchain
Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity
Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.
This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.
Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”
This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.
The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.
Blockchain
HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader
Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.
Focused Expansion for a Diverse Audience
The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.
Enhanced Digital Presence and Accessibility
Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.
Unwavering Commitment to Quality and Insight
HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.
Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”
For more information, please visit HIPTHER.com
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