Web3 Watch: A bullish week for blockchain gaming

Blockchain gaming remains a promising part of Web3.

Tyranno Studios’ Brawlers expanded to Prime Gaming about a week after being listed on the Epic Games Store. 

The cartoonish wrestling game is free to play but allows users to accumulate NFTs and its native BRWL token.

Hilmar Veigar Pétursson, the CEO of the developer behind the longtime space multiplayer saga EVE Online, gave an interview this week saying the company is working on a blockchain-based game — apparently out of a “need to leave a footprint” far into the future.

The two highest-volume games of Q3, per a DappRadar report, spiked this week. Axie Infinity saw its volume increase by 143% while volume on Gods Unchained…

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What are open-source protocols, and how do they work?


Understanding open-source protocols

Open-source protocols have become a mainstay in the tech world and are gaining traction due to the myriad benefits that they offer over their proprietary counterparts.

The protocols are typically created with the intention of being used by the public, enabling anyone to examine, alter and share their code. The benefits of open-source protocols are multifaceted, ranging from their inherent transparency to their wider accessibility. 

Additionally, they rely on peer evaluations, a cost-effective and inclusive model that distinguishes them from their proprietary counterparts. Prominent examples of…

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SBF Testimony Unveils Surprising Confessions and Knowledge Gaps

In a highly anticipated turn of events, FTX co-founder Sam Bankman-Fried (SBF) took the stand during his ongoing high-profile trial, shedding light on his perspectives, decision-making, and cryptocurrency knowledge. Notably, Day 14 has been a focal point for both legal professionals and the digital asset community.

SBF Denies Allegations, Points Finger at Ellison

On October 28, during his testimony before the jury in Manhattan federal court, SBF predictably pointed fingers at his ex-girlfriend and Alameda CEO, Caroline Ellison, for mishandling loans and credit. While acknowledging some mistakes on his part, he denied various allegations made by former colleagues during the…

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Jeff Booth Explains Fascinating Bitcoin And Deflation Interplay

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NEW: El Salvador Will Become Financial Hub Fueled By Bitcoin, Says VanEck

Gabor Gurbacs, strategy adviser at VanEck, suggests El Salvador has the potential to emulate Singapore’s financial success in the Americas. He envisions capital investment and immigration as catalysts for the country’s economic growth, echoing Singapore’s late 1990s development. This optimism follows a post by Bitcoin advocate Max Keiser, highlighting El Salvador as “The New Land of the Free,” citing Bitcoin’s legal tender status, reduced crime, scenic beaches, and great coffee. El Salvador’s ascent as an emerging economy, driven by President Nayib Bukele’s pro-Bitcoin policies, continues to garner attention from global investors.

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

Bitcoin (BTC) institutional investment vehicles are seeing a major volume boost as excitement over possible United States regulatory changes takes hold.

Data from resources including Bloomberg showed Bitcoin exchange-traded funds (ETFs) and others nearing record weekly inflows.

BITO, GBTC trade $2.5 billion 

Hints that the U.S. might soon allow a Bitcoin spot price-based ETF have not only impacted BTC price action — the surrounding ecosystem has benefitted in kind.

In addition to exchanges and mining firms, embattled institutional investment options are also seeing a resurgence in demand.

As noted by Bloomberg senior ETF analyst Eric Balchunas, at least two household names saw…

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Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments

Ripple’s chief executive officer(CEO), Brad Garlinghouse, strongly criticized former Securities Exchange Commission(SEC) Chairman Jay Clayton’s remarks regarding the SEC’s regulatory approach. Beginning in the first quarter of 2023, the SEC has initiated various regulatory actions against crypto exchanges and companies.

During an interview with CNBC on June 29, 2023, Clayton expressed his view that the U.S. SEC should pursue legal action against specific companies only when they have strong legal grounds. He emphasized that regulatory agencies should introduce regulations and legal cases they believe will successfully withstand judicial scrutiny.

Watching this clip makes my blood…

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Bitcoin-friendly El Salvador can become the ‘Singapore of the Americas’: VanEck advisor

El Salvador can follow Singapore’s lead and become a financial center in the Americas, says VanEck strategy advisor Gabor Gurbacs.

“I say often to portfolio managers and asset allocators that El Salvador has the potential to become the Singapore of the Americas,” Gurbacs explained on Oct. 28.

Similar to what Singapore achieved in the 1990s, Gurbacs expects new capital investment and immigration will push El Salvador’s economic growth in the years to come.

His comments follow an Oct. 28 post by United States broadcaster and Bitcoiner Max Keiser, which was captioned “Move to #ElSalvador, The New Land of the Free.”

Keiser, who now lives in El Salvador, listed Bitcoin (BTC) and the…

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Sam Bankman-Fried’s perspective on FTX fall

Sam “SBF” Bankman-Fried took the stand this week to testify in his ongoing criminal trial in the Southern District of New York, denying any wrongdoing between FTX and Alameda Research, while acknowledging making “big mistakes” during the companies’ fast-paced growth. 

His official testimony started on Oct. 27, after a hearing on the previous day without the jurors present. During the hearing, Bankman-Fried struggled to answer questions raised by government attorneys, whereas he appeared much better prepared the following day to face the jury.

A few highlights of Bankman-Fried’s testimony this week include denying directing his inner circle to make millionaire political donations…

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Ready or not, Web3 mobiles games are coming

Whether embraced with open arms or met with skepticism, the integration of blockchain within mobile gaming is not just a possibility — it’s an impending reality.

As the figures and trends from recent years illuminate, mobile gaming’s ascendancy is undeniable. Coupled with the shifting dynamics of in-game purchases transforming gaming economies, a new era beckons, an era where Web3 will take center stage. 

The reasons are manifold: Enabling a new transaction paradigm, instant expansion for players and publishers to a global marketplace and genuine digital asset ownership. These facets make it clear that the gaming world is poised for a Web3 overhaul. It’s not so much a matter of…

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