China News Daily Official TheBitTimes.com

If you’re a fan of Shiba Inu, you might find yourself drawn to a new cryptocurrency that’s quickly gaining traction—Shiba Shootout. This emerging crypto project recently hit major milestones, with its presale reaching $1 million. Unlike typical meme coins, Shiba Shootout offers more than just hype; it Features a playable game and a developing ecosystem. A simplified version of the game is now accessible on Google Play and the App Store, providing early backers with the opportunity to explore its concept. In its mobile game, players dive into gunfights, form teams, and explore the Wild West-themed universe of Shiba Shootout. As the market starts to rebound, many experts are closely examining Shiba Shootout, expecting significant potential for returns. Merging Shiba Inu Memes with Wild West Adventure and Play-to-Earn Gameplay While capitalizing on the buzz surrounding Shiba Inu memes, Shiba Shootout also draws inspiration from the adventurous spirit of the crypto fr...

Cointelegraph went to the NFT.NYC event in New York and learned how industry leaders feel about the state of play-to-earn gaming. In this week’s newsletter, read about how Mastercard launched an accelerator program for musicians powered by nonfungible tokens (NFTs), and how online safety groups urged Meta to refrain from allowing minors into its new metaverse. Check out what happens to NFTs when a collector dies, and, in other news, find out how publishers are looking for alternatives to play-to-earn gaming. And don’t forget this week’s Nifty News, featuring Bitcoin (BTC) miners earning from Ordinals and Reddit facing backlash for Gen 3 avatars.  Mastercard launches NFT-gated musician accelerator program Payment processing company Mastercard announced an artist accelerator program with a Web3 twist. The program aims to help musicians by giving them access to artificial intelligence tools and other experiences. However, it will only be accessible to those with the limited-edition Maste...

With the Web3 gaming sector often employing unsustainable play-to-earn economic designs, a service economy approachable gamers to earn without having to invest. While 2021 will primarily be remembered for the explosive price appreciation seen across crypto assets and NFTs, blockchain gaming also saw a rapid expansion in user adoption and blossomed into taking up more than 50% of all activity across the blockchain industry. Most of these Web3 games employ a play-to-earn (P2E) economic design where players are rewarded for their time, efforts, and in-game accomplishments. Combining the core gameplay with economic mechanics, most P2E Web3 games rely on rewarding gamers with in-game items in the form of NFTs or with the platform’s native tokens. This model, however, has proven to be highly un sustainable in bear markets and has compelled Web3 gaming entrepreneurs to shift to a hybrid solution involving both NFTs and fungible tokens (FTs). Offering better liquidity on account of fungible...