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Gaming with a Crypto Twist
Community Update 47
Good Afternoon Zashers,
In this week’s edition, we’ll give you an update on our NFT airdrop and wallet connect feature, dive into crypto gaming and explore this week’s headlines in web3 and Crypto news! Check out what’s going on below ⬇️
Web3 Insight 🌐
Gaming has changed massively over the last ten years, with more companies shifting from charging a one-time fee for game purchases to the newer free to play model. Games like Fortnite gave users access to the game’s “Battle Royale” feature for free, but instead of accepting the gift, gamers started to pump money back into the system by purchasing virtual goods within the game, like decorative costumes known as “skins”. In 2020 from these purchases alone, using their native in-game currency “V-Bucks”, Fortnite generated over $5 billion in revenue!
The next-wave of gaming, known as play-to-earn or crypto gaming, allows users to earn cryptocurrencies by winning battles and completing bounties. Crypto games also enable users to keep their in game purchases or rewards as NFTs, meaning the assets can be easily transferred through ecosystems. Reddit co-founder Alexis Ohanian predicted that “play-to-earn crypto will be the only type of games people play in 5 years”, as he believes people won’t play games unless they feel they are being properly valued for the time spent gaming. Here’s a quick video if you want to learn more about crypto gaming 👇
After a hugely successful Series C funding round, NFT marketplace OpenSea announced the acquisition of crypto wallet startup Dharma Labs. Dharma’s Ethereum wallet allowed users to connect their bank accounts, and buy and swap tokens while engaging with other elements of the DeFi ecosystem. However, as part of the deal, OpenSea will be shutting down Dharma’s app, a controversial move as it only gives the wallet’s users just one month to offload assets from the wallet to a different account.
In other news, Coinbase is partnering with Mastercard to allow card payments on its upcoming NFT marketplace, meaning you’ll be able to directly purchase an NFT with fiat currency without needing to buy crypto first! The partnership was created to remove a huge barrier to entry for beginners trying to purchase NFT’s, with Coinbase aiming to bring NFTs to the masses.
Elsewhere, the UK treasury has announced that new laws will be passed to deal with misleading crypto-asset promotions, with the government aiming to bring crypto adverts into line with other financial advertising, ensuring they are fair and clear. Crypto regulation we can all get behind?
NFT Airdrop + Wallet Connect
We’re trying to build a truly verified and trusted community here at Zash, which is why we introduced a way to create verified profiles for the first time in crypto investing by connecting your wallet to show REAL holdings, returns and soon, NFTs! Zash’s wallet connect features allows users to connect 75 different crypto wallets to the app, showing real portfolio splits under the HODLS section of your profile, building trust between you and your followers. But don’t worry, we never show the monetary value of your portfolio, only percentage splits! If you’ve not already done so, you can connect your wallet within the Zash app now.
All users are also eligible for Zash’s very own ERC-721 NFT airdrop, which we’re working hard to get to you by the end of January! All you have to do is download the app, connect your wallet, and vote on the Zash spirit animal within the app. If you haven’t got a wallet already, you can easily create one on Metamask.
Reading List 💡
Tech News 🖥️
Elon Musk announced on Twitter) that Tesla would start to accept Dogecoin for some merchandise sales, causing the coin to surge almost 9% to $0.20.
Rollout of 5G service has been delayed near key US airports, after the chief executives of 10 passenger and cargo airlines warned the 5G service could cause "chaos" on US flights.
Stock Market 📈
British electric car battery plant factory Britishvolt has secured funding from the government, with understanding that the government has committed about £100m through its Automotive Transformation Fund.
BT has announced that most customers will see bills rise by over 9% by the end of the year following a "dramatic increase" in data usage over the last few years.
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See you next week!