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Binance Invests in Malta-based Blockchain Esports Company

· June 6, 2018 · 10:00 pm

Binance, the cryptocurrency exchange behemoth has invested in Malta-based chiliZ, a blockchain esports company. ChiliZ revealed the news via a blog post on May 5. This move represents Binance’s first significant investment in Malta since announcing its intention to transfer its operations to the Mediterranean Island country.

Binance Teams up with chiliZ

According to the blog post, both Binance and chiliZ recognize the immense opportunities in the $110 billion video game industry. The cryptocurrency exchange wants to team up with the eSports company to bring blockchain technology to the gaming industry. With cryptocurrency and gaming appealing largely to the same user demographic, a melding of interests and strategies between the two companies could facilitate faster blockchain and cryptocurrency adoption within the gaming industry.

The monetary value of Binance’s investment in chiliZ is unknown, but the eSports company has already raised more than $27 million in a private funding round. Commenting on the investment deal, chiliZ CEO, Alexandre Dreyfus said:

Binance’s significant investment in chiliZ will boost our current private placement offering and help us to move faster. Their support will help us deliver our vision globally, increase our visibility in the blockchain ecosystem and empower our technical vision.

Apart from the monetary investment, Binance also plans to partner with chiliZ to tokenize the eSports ecosystem. Trading of virtual assets is already a mainstay of the video gaming world. By leveraging cryptocurrency and blockchain technology, stakeholders can monetize the industry. Commenting on the benefits of such a partnership, Binance CEO, Changpeng Zhao said:

chiliZ is a creative way to embrace blockchain technology, aimed at building tools and services for mainstream adoption in industries that have a massive global growth rate. We are thrilled to support the team behind the project, and to help make them a success.

BNB Continues its 2018 Streak

Binance Coin (BNB) remains the best performing token of 2018. BNB prices are up almost 100 percent since the start of the year. At press time, BNB tokens were trading at $16.33 which represents a nine percent gain over the last 24-hour period. The weekly and monthly gains posted by BNB so far stand at 32 percent and 17 percent respectively. The 17th ranked cryptocurrency according to market capitalization figures reached its highest price valuation of $24 in mid-January 2018.

Binance Coin Charts

Malta Set to Pass Ground-breaking Cryptocurrency Laws

In a related development, the Maltese government has drafted a set of laws to guide the operations of cryptocurrency companies in the country. Announcing the news, Silvio Schembri, the Digital Economy Parliamentary Secretary said Malta was setting a precedent for the rest of the world to follow.

According to Schembri, the provisions in the draft provide the necessary framework for the monitoring and regulation of the country’s burgeoning cryptocurrency industry. He dismissed claims of the government tacitly trying to encourage money laundering under the guise of cryptocurrency commerce. Schembri said the requirements in Malta’s cryptocurrency laws were even stricter than the EU’s anti-money laundering regulations.

The law isn’t without its critics as opposition MP Kristy Debono found fault with the composition of the Malta Digital Innovation Agency (MDIA) board. The MDIA is the body responsible for overseeing the country’s emerging cryptocurrency industry. According to Debono, the MDIA should have cryptocurrency operators as members rather than nominees exclusively handpicked by the Prime Minister. Debono believes that without adequate representation from the cryptocurrency community in the running of the MDIA, the Maltese cryptocurrency economy will suffer the same disrepute as other sectors.

What are your thoughts about Binance teaming up with chiliZ? Will the new government regulations in Malta attract more cryptocurrency and blockchain investment into the country? Keep the conversation going in the comment section below.

Images courtesy of chiliZ.io, CoinMarketCap

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Lis 03

Beyond the Void Launches ICO for MOBA Cryptocurrency

Source: bitcoin

Beyond the Void

The upcoming free-to-play MOBA title Beyond the Void started a month-long ICO on OpenLedger earlier this week on November 1. During the fundraiser, the game’s developers will sell Nexium (NxC) tokens to jump-start the title’s in-game economy.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

Beyond the Void to Create a Working Blockchain Economy

According to developers, Beyond the Void is the first-ever competitive MOBA to use a smart contract-backed token economy powered by the Ethereum blockchain blockchain.

The developers also claim the title of being the first MOBA title to hold an ICO, making the announcement at the Money 20/20 and CoinAgenda conferences last week in Las vegas.

Furthermore, the Beyond the Void-OpenLedger collaboration received two articles from Forbes, with contributor Roger Aitken saying the game “could be poised to storm the gaming industry backed by an [ICO] and Ethereum blockchain tokens.”

Echoing this sentiment, OpenLedger CEO Ronny Boesing said in a press release, “Beyond the Void shows the application of blockchain technology to mainstream industries, By accelerating their ICO crowdfunding, we will accelerate the spread of ICO culture and practices as well.”

The game’s NxC-powered economy consists of items that can be bought, sold and traded by players at will, creating what developers call a “player-owned” market, determined by supply and demand.

Beyond the in-game economy, developers claim to provide a highly competitive gameplay experience that will draw in eSports enthusiasts from the mainstream gaming industry.

“The game is designed to be competitive and playable in E-sport tournaments,” said Beyond the Void founder and graphic artist, Maxence Burgel.

“We believe players should pay because they like the game and they have fun playing it,” Burgel continued, “We don’t want people to have to pay in order to enjoy the game.”

Nexium Now on Sale at OpenLedger

Interested investors have three different ways to participate in the ICO, OpenLedger said, providing press with the following descriptions of the available investment options:

  1. Sponsor the gamer token NxC with an extra bonus on top – Those opting for this option can do so by directly visiting the ICO page on Beyond the Void website and following the instructions. Investors choosing this method are eligible for an addition 5% bonus, credited along with the purchased tokens to their respective ETH wallets up on the end of ICO. ETH is the accepted form of payment and a limited amount of 5 million BCY will be reserved for Bitcrystals holders.
  2. Subscribe to a token and trade it the same day – This option can be availed only on CCEDK ICO platform by choosing to subscribe to ICO prelaunch option. Investors will be ordering NxC asset backed by OpenLedger (OPEN.NxC) and they can trade the tokens on OpenLedger until the time of launch at an extra 4% premium on the going rate. Accepted form of payment includes BTC, BTS, ETH, SBD and more, including fiat options.
  3. Invest in the Nexium token indirectly by buying the ICOO digital token This option allows investors to buy into all token crowdsales as well as any tokens received as payment for OpenLedger services in connection with token crowdsale. ICOO digital tokens can be bought directly from BTC Market and BTS Market.

Following the ICO’s conclusion on November 30, Beyond the Void developers have planned a three-phase game release, posting a list of scheduled development milestones to the game’s official crowdfunding webpage.  

This ICO is one of three crowdsales being hosted by OpenLedger this month. According to Boesing, these fundraisers will gain the attention of institutional investors, making the ICO a more respected method of startup funding.

 What do you think about Beyond the Void? Let us know in the comments below.

Images courtesy of Beyond the Void.

The post Beyond the Void Launches ICO for MOBA Cryptocurrency appeared first on Bitcoinist.net.

Beyond the Void Launches ICO for MOBA Cryptocurrency

Lis 02

Gamerholic Launches Steemit-Like Social Media Platform for Gamers

Source: bitcoin


Gamerholic, a cryptocurrency-fueled competition platform for casual gamers, has taken a page from Steemit and created a monetized social media platform tailored towards the gaming community.

Also read: Jaxx Wallet Now Live With Zcash

Gamerholic Presents Monetized Social Media for Gamers

Utilizing a Reddit and Steemit-inspired voting system, posts on the platform earn “Respeck.” The more Respeck a post earns, the more money it receives.

Additionally, users who give their Respeck to posts earn a portion of the rewards. Funds for these content rewards come from a percentage of the platform’s service fees, which differs from the Steemit model of using a percentage of the actual token’s market cap for rewards.

According to Anari Sengbe, Gamerholic’s founder, Gamerholic coin is the only currency used on the platform, with all payouts made in the coin.

The monetary rewards go to a platform-based hot wallet, cold wallet and a “main wallet,” from which Gamerholic coins can be sent to an exchange for conversion into bitcoin or another currency.

Sengbe said that the main wallet can be emptied once a day, while the cold wallet can only be emptied incrementally over the course of 8 weeks.

Similar to Steem Power, users on this gaming-centric platform can amass a “Gamerholic Power Level,” (GPL) which amplifies the amount of rewards users earn for getting Respeck on their posts. The platform determines a user’s GPL by the amount content they have posted and voted on, providing an incentive for regular participation.

However, Sengbe will give users a one-time chance to boost their GPL for a price. “This is our way of raising funds,” he said, “since it’s too late to sell tokens.”  

The Gamerholic founder imagines that several interesting things will come from this gamer-oriented social media format.

As an example, Sengbe said that users could use the platform to organize gaming tournaments. As a post for a tournament gets Respeck — thereby earning money — the prize pot for the tournament grows.

The Rise of Blockchain Gaming Platforms


Sengbe founded Gamerholic in 2014 after discovering bitcoin and its irreversible transactions. In creating the company and its branded cryptocurrency, Sengbe wanted to provide a place where people could place bets on online gaming matches without worrying about credit card fraud or chargebacks.

Since then, cryptocurrency and blockchain-based gaming platforms have exploded in popularity. FirstBlood.io, an Ethereum-based matchmaking platform geared towards eSports competitors, raised $5.5 million USD within minutes, shutting down its ICO on the first day.

After its successful ICO, the FirstBlood team began work on the platform’s alpha version, which they expect to release in late December 2016.

Meanwhile, Sengbe continues to work on the Gamerholic brand, seemingly unfazed by the stiff competition. In the weeks since FirstBlood’s massive ICO, Sengbe has launched the social implementation of the Gamerholic platform, as well as a mobile application that lets users discover games and apps that accept Gamerholic coin.

“We are the first,” Sengbe said when asked if his social media platform would give him an edge over his competitors. “I’ve had development time.”

“We’ve been around two years, the community should be excited about this direction of social and gaming for crypto.”

What do you think about this new gaming-centric social media platform? Let us know in the comments below.

Images courtesy of Gamerholic. 

The post Gamerholic Launches Steemit-Like Social Media Platform for Gamers appeared first on Bitcoinist.net.

Gamerholic Launches Steemit-Like Social Media Platform for Gamers

Říj 28

‘Beyond the Void’ to Be First-Ever MOBA to Hold ICO

Source: bitcoin

Beyond the Void

Beyond the Void, and upcoming MOBA title geared towards eSports competitors, will become the first game ever to raise development funds through an ICO. Hosted on CCEDK-owned OpenLedger, the sale starts Tuesday, November 1, 2016.

Disclaimer: This article is sponsored by Bitcoin PR Buzz.

Beyond the Void is a real-time strategy game, designed for competitive play. The game’s developers told press they want to tap into the ever-growing eSports market, which brings in hundreds of millions of dollars in revenue each year.

In a press release, developers reported that MOBA titles generated more than $406 million USD in revenue in 2014 in North America. On a global scale, gaming data firm Superdata estimates the MOBA market to be worth $20 billion as of 2016

Commenting on Beyond the Void’s competitiveness, the games founder, Maxence Burgel, said, “The game is designed to be competitive and playable in E-sports tournaments.”

“We believe players should play because they like the game and have fun playing it,” Burgel continued. “We don’t want people to have to pay in order to enjoy the game.

The game features a blockchain-based economy, powered by an Ethereum token called “Nexium.” Developers plan to connect almost every in-game item to the token. By doing this, the team told press that “players will own and operate the game economy as they wish.”

‘Beyond the Void’s’ Philosophy Behind the Nexium Token

After going live on November 1, ICO participants can purchase Nexium both from the official website and directly through CCEDK’s “ICO subscribe” page. Additionally, investors can contact OpenLedger CEO Ronny Boesing to arrange investments.

The Nexium tokens will reportedly be burned upon use, making the coin increasingly scarce as the game gains popularity. The goal in cutting supply over time is to make the coin more valuable for its players as the user-base grows.

Further explaining the philosophy behind Nexium, developers said in a press release:

Beyond the Void hopes to change the way these gamers think about their relationship with the in-game economy. By giving players blockchain based assets that they control, a free and open gaming market may grow. Beyond the Void hopes these players assets and wider market will invest players into the growth of the community long term.”

In a video about the Nexium ICO, developers claimed that the ether earned in the sale will go towards finishing game development.

The Beyond the Void ICO is one of three upcoming crowdsales hosted by OpenLedger. According to CEO Ronny Boesing, these upcoming ICOs will take this method of fundraising mainstream, since the subjects of these sales will draw interest from mainstream and institutional investors.


What do you think about Beyond the Void? Let us know in the comments below.

Images courtesy of Beyond the Void.

The post ‘Beyond the Void’ to Be First-Ever MOBA to Hold ICO appeared first on Bitcoinist.net.

‘Beyond the Void’ to Be First-Ever MOBA to Hold ICO

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Alternative eSports Curriculum At Norwegian School Could Soon Include Bitcoin And Blockchain Classes

Source: bitcoin

Alternative eSports Curriculum At Norwegian School Could Soon Include Bitcoin And Blockchain Classes

There is no denying our educational system will need to be turned upside it’s head if teachers want to cope with the growing demand of our society. Droning on about the same topics over the past thirty years has left a huge gap in the job market, especially where IT and finance are concerned. A Norwegian high school will be adding both gaming and esports on their timetable. Perhaps Bitcoin and blockchain will make an appearance on curriculums in the future as well?

Also read: Peter Todd Double Spends On Coinbase

Revamping The Educational System With Esports

Many readers will remember the days when they attempted to play video games during their IT class in high school, as Word or Excel is not all that interesting once you get the hang of it. Playing those small games, like Minesweeper, when the teacher wasn’t looking, were always cause for great excitement.

But it looks like no one will have to rely on sneaky gaming anymore, at least, when one is attending the Games High School in Norway. This public high school, located in the city of Bergen, will be offering something entirely different to their students coming August. Rather than choosing one of the more traditional high school courses, students will be able to sign up for an esports curriculum.

As one would come to expect from such a class, esports will receive the same respect and allure as regular sports do. However, don’t be mistaken in thinking this course will be about just playing video games, even though ganking skills should be nurtured as well. Every student of this class will be subject to a 90-minute physical training optimized for the games in question.

A total of 30 students will be able to attend this esports class, and they will be split into two different groups of 15. One group will play the video games, while the other hand exercises. Only by training the reflexes, endurance, and strength, can players become better at esports. There is so much more to this sector than just playing games and getting paid for doing so.

So far, there has been no official decision made as to which games will be studied during this class. However, we do know two different games will be the focal point during the first year of the three-year program. Among the games under consideration are popular names such as Starcraft II, CS: GO, Dota 2, and League of Legends.

Adding Bitcoin and Blockchain To The Curriculum

It will only be a matter of time until high school, and universities start to add other areas of expertise to their curriculums. Gaming and esports are a good first step, and it will only be a matter of time until Bitcoin and blockchain become part of the program as well. Popular trends can no longer be ignored by the educational system.

By adding Bitcoin and blockchain to the curriculum, educational institutions will be able to prepare future generations of workers for the evolved job market. Traditional sectors will need to get along with the system, and both Bitcoin and blockchain will be a major part of our future. Teaching the necessary skills at a young age is the way forward.

What are your thoughts on this decision by Games High School in Bergen? How will this idea play out in a few years from now? Let us know in the comments below!

Source: Ars Technica

Images courtesy of Shutterstock, Youtube

The post Alternative eSports Curriculum At Norwegian School Could Soon Include Bitcoin And Blockchain Classes appeared first on Bitcoinist.net.

Alternative eSports Curriculum At Norwegian School Could Soon Include Bitcoin And Blockchain Classes