Crypto's balancing act: anonymity and KYC - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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Tokenization platform Brickken is holding a competition for indie developers — allowing them to raise capital, attract a new audience of engaged players and accelerate their projects.For years, crowdfunding has been the go-to for game builders looking to make a splash and secure investment for their big idea, and it continues to enjoy significant demand within the game industry.Statistics from Kickstarter reveal that gaming is still the most popular category for crowdfunding campaigns. A total of 80,163 projects have launched after securing $2.27 billion in investment.But gaining traction and achieving milestones has gotten more complicated as the market reaches saturation — with even the most promising titles struggling to stand head and shoulders above the competition.This is where tokenization comes into play and turns gamers into stakeholders.The benefits of tokenizationBefore tokenization, a significant barrier to entry for potential investors in emerging gaming projects was the minimum investment required. To make matters worse, those who contributed might not receive much incentive in return.Tokenization transforms all of this — by automating and token-gating these processes. It opens the door to fractional ownership, meaning gamers on all budgets can take a stake in the projects they’re passionate about. Developers also have an opportunity to give backers a seat at the table — allowing them to vote on key milestones that’ll alter the course of the project in the months and years to come. Communication channels can be walled off to those who have made a contribution too, enabling them to tap into exclusive perks and content.Moreover, tokenization is a marketing powerhouse for both players and game developers. Players become stakeholders, motivated to promote and engage with their favorite games actively, and tokenized assets further fuel their involvement. For developers, it's a community-building tool that incentivizes player engagement. The result is a more inclusive, efficient, and engaging ecosystem that benefits both developers and gamers alike.As Felix Tejland, chief marketing officer at tokenization solution provider Brickken, points out, crowdfunding has played a pivotal role in bringing our most beloved games to market.“Asset tokenization is the evolution of that, introducing a participatory aspect in which the early adopters can be properly incentivized to boost awareness and help in marketing the game.”Unlocking the futureNow, the Brickken Gaming Awards have launched — allowing budding developers to showcase their creations in exchange for the chance to supercharge their ideas like never before. Successful applicants have the potential to win free tokenization and a marketing package worth $10,000.Source: BrickkenThe project says this can give imaginative games massive exposure and sponsorship opportunities, all while cultivating contacts with fellow developers and enthusiasts.After filling out a participation form, applicants who advance to further rounds will be tasked with pitching their game in a live broadcast — paving the way to a final where prizes will be awarded.Ever since smartphones challenged the dominance of game consoles, there’s been a golden opportunity for cutting-edge titles to make a huge impact — and reach emerging economies that were once out of reach. Brickken now believes that tokenization could take fundraising and audience engagement to the next level.Learn more about Brickken Gaming AwardsDisclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice. Bitmain's other activities Crypto's balancing act: anonymity and KYCCardano Founder Charles Hoskinson Expresses Shock Over SBF Narrative At first he received a message that posed as coming from Friend.tech’s automated assistance, pretending that the number associated with the account was being changed.

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That Axos voluntarily serves Binance as a customer isodd, particularly as the SEC is suing the parent companies of Binance US and Binance.com, as well as its founder, Changpeng Zhao. After the SEC sued Binance, US customers slowly withdrew funds and stopped using Binance US. Once popular, the exchange has embarrassingly downranked to 63rd among global exchanges. As it stands, the bulls and bears appear to have come to a compromise, as the sell-off is gradually wearing off as bullish sentiments begin to take over. While the trading volume as marked by CoinMarketCap is down by 22%, with just $153.7 million, data from IntoTheBlock (ITB) reveals that the current Dogecoin whale transaction is up by 49.6% to $1.32 billion. License-hunting Crypto.com kills Tether for Canadian usersBitcoin’s layer-2 scaling solution the Lightning Network achieved impressive growth, according a report published today by Bitcoin financial services company River Financial. Among the impressive figures: routed transactions have skyrocketed from 503,115 in August 2021 to 6,599,553 in August 2023, representing near-vertical growth of 1,212%. By contrast, Ethereum’s smart contracts can involve multiple parties and can be executed by any user, making Ethereum more versatile for multi-party applications.

Decentralization is one of the metaverse's distinguishing features. Traditional online platforms and games are frequently centralized, which means that the infrastructure and user data are controlled by a single firm. Decentralized virtual worlds, on the other hand, are built on blockchain technology and spread across a network of nodes, making them impervious to censorship and data manipulation. Liquidity for the platform is sourced from compliant, independent liquidity providers, it added. How to Withdraw Bitcoin on Cash App 2023Bitfinex suffered a hack that caused it to lose $71 million in bitcoin in 2016. In August, a New York couple pleaded guilty to money laundering conspiracy in connection with the hacking of Bitfinex.Bitstamp to exit Canada in January The US Dollar Index rose 0.29%, to 105.77. The euro gained 0.3852%, ending up at 1.0606. The yen fell 0.1%, causing the number of yen needed to buy a dollar to rise to 148.6660.BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation

The metaverse is one of the most rapidly growing industries of the century. The metaverse has unlocked a lot of possibilities, especially in the employment landscape. This shift is mainly due to various industry experts adapting digital transformation and blockchain technology. Over 1 billion NFTs already exist and over 8 million new NFTs are being added monthly, which clearly states their popularity. At this rate, they will become even more common soon. As most crypto investors fled to the relative safety of building infrastructure during recent bearish conditions, Seed Club founder Jess Sloss says “the world never looked better for building consumer experiences in crypto.” Top 5 Crypto Exchange for Nigerians (2023)Kleros Founder Federico Ast reassures that criticism of blockchain technology is only natural. He adds that any criticism about dApps is only temporary, and he is optimistic about dApps’ future. #moneymade1{width:100%}

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