Blockchain
BITKRAFT Ventures Partners with Delphi Digital to Invest in Next-Gen Blockchain-Based Games and Assets Impacting the Games, Esports, and Digital Entertainment Space
BITKRAFT Ventures, a venture capital firm focused on gaming, esports, and interactive media, today announced a strategic partnership with Delphi Digital, a leading blockchain advisory firm dedicated to advancing the understanding and development of the growing digital asset market.
Earlier this year BITKRAFT hired crypto and blockchain expert Piers Kicks to expand its capabilities. As BITKRAFT continues to increase its focus on investments in companies that utilize blockchain technology as well as crypto assets and economics the partnership will see the two companies collaborate to identify the most exciting companies at the intersection of blockchain and gaming and offer their collective expertise in gaming, esports, digital entertainment, crypto technology, and the token-based asset-class to portfolio companies.
“The breadth of knowledge and experience of the Delphi team in the crypto space is hard to come by. With this strategic partnership, we intend to expand our best-in-class portfolio support capabilities and be smarter and faster when it comes to identifying great entrepreneurs and ideas in the intersection of crypto and gaming. The huge impact of blockchain technology on the games and digital entertainment space is starting to emerge as we speak and BITKRAFT aims to play a significant role in it,” commented Jens Hilgers, Founding Partner at BITKRAFT Ventures.
“Delphi is enormously excited to formally announce a strategic partnership with BITKRAFT Ventures, who are the leading gaming investors globally. We believe that the combination of BITKRAFT’s deep gaming expertise with Delphi’s renowned crypto economic competence will be a compelling value proposition for prospective portfolio companies. Having already established early momentum in the crypto x gaming sector, we are eager for the coming chapter alongside such a prestigious game investor. This latest evolution firmly reinforces our belief that crypto technologies will inevitably permeate into the mainstream video game industry” said Delphi Digital CoFounder and COO, Anil Lulla.
“It is imperative that the virtual worlds of tomorrow, hosting trillions of dollars of economic activity, are characterized by the openness and credible neutrality uniquely afforded by decentralized technologies. On the path towards fulfilling BITKRAFT’s vision of synthetic reality, I believe crypto to be an integral building block for the fruition of its truest form. I am thrilled that two companies I respect deeply are working together to explore the new economic, governance, and digital ownership dynamics that are on a clear collision course with the games industry,” added Piers Kicks.
Additionally, BITKRAFT Ventures will open its investment strategy to support investments in tokens as an asset class.
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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.
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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