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HP Expands Gaming Business, Acquires HyperX 

NYSE-listed information technology company HP announced that it has completed its acquisition of gaming peripherals brand HyperX. The company paid HyperX’s previous parent company Kingston Technology an acquisition compensation of $425M USD. Kingston will retain its gaming market-focused computer memory and storage products.   HP, which has built its own gaming brand – OMEN by HP – in recent years, stated that […]

The post HP Expands Gaming Business, Acquires HyperX  first appeared on The Esports Observer.

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NYSE-listed information technology company HP announced that it has completed its acquisition of gaming peripherals brand HyperX. The company paid HyperX’s previous parent company Kingston Technology an acquisition compensation of $425M USD. Kingston will retain its gaming market-focused computer memory and storage products. 

 HP, which has built its own gaming brand – OMEN by HP – in recent years, stated that the HyperX acquisition “supports its strategy to drive growth in its personal systems business, where gaming and peripherals are attractive segments.” 

 The company anticipates the acquisition to increase its profits (on a non-GAAP basis) in the first full year following the closing of the acquisition.

Source: https://esportsobserver.com/hp-acquires-hyberx/?utm_source=rss&utm_medium=rss&utm_campaign=hp-acquires-hyberx

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Recap – 73% Axie Infinity Livestream Viewers are from the Philippines

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“Play-to-earn” game Axie Infinity held a livestream this week, hosted by Andrew Campbell, the new program lead at Sky Mavis, the game’s development company. The Axie Infinity team answered questions fielded by the community. From server issues to V2, check out the stream below.

This writer live tweeted during the livestream and it’s worth detailing here what are the information shared during the event. But first, let’s check the metrics of the stream as shared by Andrew:

The result solidifies the Philippines as a key market for Axie Infinity. Though it should be noted that the most popular streaming channel in the country is Facebook Live and YouTube.

On Axie Infinity V2

Table of Contents.

Aleksander Larsen, COO of Sky Mavis and Jeff Zirlin, co-founder, shared a new image of Axies with upgraded body shapes:

Days ago, the Axie Infinity community celebrated the birth of Axie no. 1 million, but it was not without controversy because it was created using what some members of the community feels is a violation of the Terms of Service. Jeff said they will look more closely into the situation.

As for staking, Aleksander said it could be by Q3 2021.

On the Server Issues

The game was recently plugged with issues, Andrew asked a question submitted by a community member: “Why don’t you just plug in more servers since you have money?” Aleksander says the game grew from 38k to 200k users in no time. “Our engineers are working overnight to keep the lights running. Things are to get better.” Andrew added the fact that while there are a lot of developers, the talent pool for those who knows blockchain (specifically, solidity) is actually smaller, while Jeff said the server issue is their no. 1 priority right now.

Sky Mavis tweeted the day after the stream:

On Free-to-play

“What to do with useless Axies?” a community member asked. 

“No Axies are useless,” Aleksander immediately answered.

Jeff hinted of “crafting” as a new addition that can be done on the upcoming Land gameplay. “I think it’s going to be a huge catalyst for us,” he said, though he reconfirms that Battle V2 and Land gameplay being “fun” are the first things they would focus on. 

Speaking of V2, the topic “free-to-play” was touched upon. In the next version of Axie Infinity, there will be starter Axies that are “free-to-play,” so new players can start without purchasing Axies. The community therefore asked “Will free-to-play hurt SLP earnings right now?” Here’s Jeff’s response:

“Free-to-play allows you to get immersed and be in love with the Axie universe before you make economic decisions. I think demand for real Axies will increase when more people are in love with Axies.”

Jeff Zirlin, Sky Mavis

Putting Axie to Every Person in the World

The above was Aleksander’s quote. One of Sky Mavis’ goals is to put the game in the App Store and the PlayStore.

Guild and Scholarships

Aleksander said they are working on Guild Features in-game itself. This would mean eventually doing what is being done in scholarships could be done on the game itself. (He did say this is very far from the pipeline.)

Which led Andrew to ask, “What do you personally feel about Axie scholarships?” Jeff talked about early 2020 and the people who first tried it out. “It was when SLP hit 2 cents when people see the scholarship thing as legitimate. It has definitely helped in our growth.”

Aleksander admitted they don’t have any direct say in scholarships, and they don’t endorse them. “But we have common sense things. For example, managers should not abuse their players. If you do, then that’s our concern.” He did say the scholarships are a testament to what’s possible in the metaverse and what you can do inside. He cited Yield Guild Games as one of the largest, if not the biggest one who do scholarships at scale.

On Axie Lore

Jeff talked about ideas re: Axie Lore, Axie Movie, Manga, but ultimately their focus right now is to make Axie as fun as possible. Aleksander said they can think about it next year.

On Multi Accounting

“We will find you.” 

Jeff Zirlin, Sky Mavis

Andrew said as Axie scales, this will be a problem. Aleksander said they are looking into the data to ensure no real people who are not multi-accounting get affected. 

“One human being can only extract so much resources per day. You have to tell your friends to play.”

Aleksander also said players don’t get banned when they are in-game and suddenly maintenance kicked in. 

On Land Gameplay, SDK and API

Jeff said they want to make Land gameplay as fun as possible, such as farming or fighting for resources. “We want to provide utility and fun things to do rather than a blank slate where people will just walk around,” said. 

On SDK, they said they are excited about using Axie assets where people can do an Axie tower defense and other games. 

There’s clamor to make the Axie API more open. “As we move towards a more stable space, we can enable the API a little bit more, a WIP,” Aleksander said Seuchenhun of Axie Zone (also a recent Sky Mavis hire) will own this product.

Pains as Axie Grows

Lately, there were reports of stuck Axies and other bugs. Aleksander said because the game is still in alpha, everything being experienced are the pains of growing. “As we grow more, there might be more bugs.”

At the end of the stream, Aleksander encouraged players to give feedback and constructive criticism, what they can do to improve.

This article is published on BitPinas: Recap – 73% Axie Infinity Livestream Viewers are from the Philippines

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Source: https://bitpinas.com/videos/axie-infinity-livestream-jun-23-2021/

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Blockchain

‘It might get ugly with’ Bitcoin…BUT

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Prices are a reflection of investor sentiment, they say. In a span of a little over two months, Bitcoin’s price has promptly halved, and now, after China’s recent crackdown on mining, a section of the market participants believe that BCT is a less attractive prospect. 

Talking on similar lines in a recent Kitco News interview, Saifedean Ammous, the author of ‘The Bitcoin Standard’ said that the current hiccup would not have a long-term impact on crypto’s price. He said,  

“You can’t really ban Bitcoin, you can ban yourself from Bitcoin, but Bitcoin continues to operate and I think even if it’s going to be a 50%, 60%, 70%, 80% crash, ultimately, the ability to bounce back is what’s going to win the day for Bitcoin.”

Nevertheless, he concurred that the Chinese crackdown was a serious issue because a major proportion of the mining operations have been halted. Ammous further stated that BTC’s price would most likely drop further as and when more machines go offline. Miners, indeed, are facing one of their worst nightmares at this stage. What’s more, the author also expects a panic sell by the Chinese hodlers in the coming days. 

As a matter of fact, miners are large hodlers themselves, and now, according to Ammous, “you’re forcing them to sell large quantities.” Nevertheless, at the time of writing, Glassnode’s data underlined that miners’ outflow volume had touched its lowest point in 6 months, which ultimately implies that miners are still hodling their BTC. However, the sell-off that Ammous pointed out might likely take place in the foreseeable future.

Source: Glassnode

The author further opined that the clampdown would only impact traditional assets like gold. He stated that, unlike gold, BTC’s prospects aren’t influenced by political and banking systems. After witnessing a minor 0.32% price drop in the past 24-hours, Bitcoin was trading at $34,000.69 at press time.

Additionally, it should be noted that BTC’s hash rate has been falling over the past few days. Nevertheless, Ammous was positive that it would soon recover. With respective to Bitcoin’s inevitable comeback, the author concluded, 

“It might get ugly with BTC, but it thrives on adversity. If you do try and knock it down, if you do try and hurt it, you’re just setting up a great comeback story for BTC. This has been the case for over the many years.”


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Source: https://ambcrypto.com/it-might-get-ugly-with-bitcoin-but

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Blockchain

Why this ‘Biggest Bitcoin challenge’ is a bonus

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Bitcoin‘s rising popularity with institutions and investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller has helped Bitcoin stand its ground against Gold. Considering the former’s prospects as a scarce store-of-value over the latter, a war of words often emerges between gold bugs and the bitcoin community.

While many Bitcoin proponents saw Bitcoin as Digital Gold or Gold 2.0, Peter Schiff, (of Euro Pacific Capital) one of the loudest proponents of gold, maintained his skepticism towards bitcoin.

The latest war (of words) on Twitter resurrected the age-old debate of Bitcoin vs gold. Billionaire investor and entrepreneur Mark Cuban and Oliver Renick, Gold bug (from TD Ameritrade), exchanged their thoughts on both assets.

In a tweet, Renick slammed Bitcoin’s comparison to digital gold because “Bitcoin is making no discernable progress towards digital gold. Why are we still assuming it will at some point in the future?”

The Shark Tank star responded, by stating a few reasons why bitcoin was indeed better than gold.

“Its BETTER than gold. No worries about storing it. Easy to transfer. Easy to trade. Easy to convert. Doesn’t require an intermediary. Can be fractionalized. Biggest BTC challenge? No William Devane type commercials and all the people who believe gold is an inflation hedge.”

TD Ameritrade’s Oliver Renick, in response to Cuban, stated that he doubted Bitcoin’s progress by adding that bitcoin’s ‘relationship with real interest rates was as random as it was on day 1 ten years ago’.

Source: Oliver Renick| Twitter

In a report published by Renick recently, he opined:

“See any trends? Me neither. It looks completely random with no trend over the past nine years of data; sometimes positive, sometimes negative. But what’s most important here is that it’s not getting more negative over time. “

Cuban responded:

“Gold is useless, pretty much across the board, but particularly as a hedge. BTC is a digital asset that is similar to gold because they both are driven exclusively by supply and demand. BTC does a better job with both,”

Gold, according to, Renick was remarkably consistent in its negative correlation with real interest rates i.e., its utility. He added ‘Until BTC does something resembling this, not sure why we call it gold. At least from a financial sense,’

Source: Oliver Renick| Twitter

Following this argument, Cuban acknowledged one aspect: even though Gold at the press time had more demand than Bitcoin, the narrative will flip; he stated:

“So are a lot of assets including stocks. That isn’t a utility. That’s supply and demand. Gold has more demand. IMO, that will change going forward. Why? Because BTC is easier to transact. In the time it will be better understood and marketed and the gold market will shrink.”

Reality Check: BTC vs Gold

Philipp Sandner from Frankfurt School Blockchain Center made a comparison between three assets: Gold, Bitcoin and Fiat (euro),

Source: Medium


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Source: https://ambcrypto.com/why-this-biggest-bitcoin-challenge-is-a-bonus

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