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Multiplays: Blockchain Gaming Reinvented Using NFTs

Republished by Plato

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Blockchain has increasingly and steadily become a choice of technology for many industries and gaming is certainly one of them. Blockchain gaming has brought about a revolution in the gaming world and gave them a real-world value which has led to 1 out of every 4 persons becoming gamers. Blockchain technology in itself has also evolved quite significantly with numerous use cases and Non-Fungible Tokens (NFTs) are currently the latest use case to be in most demand. While NFTs were first launched in 2018, it has become a rage in 2021 with many mainstream celebrities using it to auction different things.

Multiplays is a blockchain gaming platform driven by creativity and technology to unlock the potentials of online gamers with the advancement in technology. The drill of playing games has only increased and with more visual stimulus, creativity and satisfaction. The way people played games from board games to visual gaming has changed because of technology. The idea of playing a traditional game is undeniably appealing, but people who spend all their time playing the traditional game end up sacrificing quality time with their family and gaining nothing in return.

Multiplays combines the best of blockchain gaming with the NFT market to offer a platform allowing players to earn revenue anytime they decide to play the game on this platform. The founder of the project said,

“ During the pandemic last year, lots of activities were grounded, most nations of the world had everyone locked up in their houses, hunger and starvation increased. Boredom was at its peak, The sporting industry at some point was affected.

 My team came together and decided to build a system that offers an alternative to the sporting industry and forestalls such boredom should we have a reoccurrence in future. ”

The Multiplays platform towers above her competitors in the gaming space with the multiplayer feature which makes it possible for peer-to-peer gaming challenges without gamers physically present. Competitions and tournaments including global board games tournaments can be held on the Multiplays platform as the games are in compliance with global regulations.

How Multiplays Incentivizes Users Via NFT?

muotiplays

Multiplays gives attention to NFTs and is bent on adding value to them through ensuring an improvement in the underlying infrastructure and application layer. Much of the NFT market right now is driven by digital market places around collectibles and artwork. Ultimately, by giving value to these assets and allowing owners to resell them to others, professional gamers who earn coveted in-game premium items could earn a living trading them.

Blockchain technology in use ensures Multiplays streamlines data which helps in preventing illicit tampering thereby ensuring improved betting and secure transaction. The play-to-earn concept which is the opposite of the pay-to-play concept creates a reseller market. The $50billion in-game purchase market shows that people are willing to pay for in-game items. For those willing to earn them, basically there will always be demand for these items.

The Multiplays Token or MTP would function as the fuel for the network that would be used for paying an entry fee to cashing out the prize. Just like the NFT market, the developers are creating an ecosystem that would allow players to earn from the MTP token even for participation. Multiplays team will vest all the MTP Tokens issued. These tokens are locked in order to ensure investors have the best intention and maintain a long-term vision for the project.  Investors who have contributed a minimum of 5 BNB in private or public sales will receive limited  MTP NFTs.

These MTP NFT holders get to profit from the platform as they share 50% of the network fees on the platform. For example, with 1000 users playing 15 games per hour on the Multiplays network at an average entry fee of  $5, Multiplays would enjoy an annual rate of $20M used to NFT holders.

Anyone can use the platform in three simple steps and start earning money.

  1. Buy Multiplays (MTP) » Read more

” href=”https://www.newsbtc.com/dictionary/coin/” data-wpel-link=”internal”>coin

  • Get a new account by connecting your wallet with the platform.
  • Battle your way to the top.
  • MTP Tokenomics: Governance & Staking

    The total circulation supply of MTP tokens is capped at 20 million, out of these 20 million MTP coins, 2 million has been allocated for the team, another 2 million for marketing. 15% of the token would be reserved for the liquidity pool, 20% for the staking pool while 45% would be available for pre-sale for the public.

    The initial market cap of the MTP tokens is at $420K while the initial pancake liquidity would be $300K. Multiplays will take 10% on all entry fees on the Multiplays network. Of this 10%, 40% will be remitted automatically to users who have chosen to ‘stake’ their MTP tokens in our smart contract, with another 10% burned. This will leave the remaining 50% for the NFT holders.

    Multiplays staking platform guarantees stakers a 100% APY on all MTP tokens staked thereby creating an income stream for stakers of MTP who may be non-gamers. So both gamers and non-gamers get to benefit immensely from the Multiplays network as she aims to be a community-managed project, which means that MTP game users will have governance and voting rights on the future implementations of the MTP market place. For example, Multiplays game users will be able to vote for the future of the platform.

    Every entry fee paid in MTP by users on the network, 50% of the transaction fee is distributed automatically to NFT as rewards. Hypothetically, one thousand players playing per hour at an average of only $10 per game would yield almost $4m annually in rewards for the NFT holders.

    To know more about Multiplays :

    Website: https://multiplays.net/
    Twitter: https://twitter.com/mtptoken
    Telegram: https://t.me/Multiplaygame
    Medium: https://medium.com/@multiplaygames70

    Coinsmart. Beste Bitcoin-Börse in Europa
    Source: https://www.newsbtc.com/sponsored/multiplays-blockchain-gaming-reinvented-using-nfts/

    Blockchain

    DOGE is Young People’s Middle Finger to the System, Says Mike Novogratz

    Republished by Plato

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    Mike Novogratz, in a research report, stated that Dogecoin is “the most honest shitcoin”, calling it a “store of value” for young people wishing to express a “little bit of a middle finger to the system”.

    Dogecoin’s Recent Price Action

    DOGE has entered a steep and stunning climb during the past few months, going from mere pennies to over $0.65. Young people betting on the speculative and volatile crypto asset have made staggering amounts of money thanks to the recent insane rate of return.

    Many theorize that this rise has been fueled by Tesla founder and business mogul Elon Musk, who often refers to Dogecoin on his infamous Twitter profile, tweeting in a (usually) positive manner. Oftentimes when an “Elon tweet” comes out regarding Dogecoin, it gives a nice little boost to the price.

    Most recently, Elon Musk revealed that he would be hosting SNL, dropping a single hint: Dogefather. This enigmatic message has spurred thousands of young people worldwide to invest in DOGE, which, although extremely risky, has been facing undeniably bullish price action as of late. Will Elon Musk’s SNL special provide the fuel needed for DOGE to power through to over a dollar, or will it be a ‘sell the news’ event?

    Novogratz Draws Parallels to GME

    Novogratz, in his interview, urged people to “listen to what Dogecoin is saying”, as he sees it as very comparable to the GameStop fiasco (where a group of young retail traders pushed GME to new heights, partially in an attempt to liquidate hedge funds that were shorting the stock).


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    “There is nihilism and excitement to it,” Novogratz stated, adding, “there’s something really pure about it.”

    Indeed, Dogecoin is not a successful ‘company’ in the traditional sense, and there is little to no innovative development work going on behind the scenes, but we’ve seen (in the stock market, for example) that the power of the masses if placed behind a single unifying idea, can work wonders.

    It’s a massive game of tug of war — whether or not Dogecoin can sustain this dizzying momentum remains to be seen. One thing is for sure: millions of people will be tuning in to watch SNL this week.

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    Coinsmart. Beste Bitcoin-Börse in Europa
    Source: https://cryptopotato.com/doge-is-young-peoples-middle-finger-to-the-system-says-mike-novogratz/

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    Blockchain

    Latin America’s Biggest Online Marketplace, MercadoLibre, Disclosed Bitcoin Holdings

    Republished by Plato

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    On a financial results report dated May 5th, e-commerce giant MercadoLibre dropped the bomb. The company is the latest institution to add Bitcoin to its balance sheet. It follows MicroStrategy, Square, and Tesla’s highly covered buys. Bitcoin’s institutional adoption is in its infancy, but advancing non-stop.

    In the financial highlights for 2021’s First Quarter, the company wrote a succinct:

    As part of our treasury strategy this quarter we purchased $7.8 million in bitcoin, a digital asset that we are disclosing within our indefinite-lived intangible assets.

    A modest allocation, considering MercadoLibre has almost $4B in assets, a cash reserve of $1.1B. It also has a market capitalization of approximately $76B. However, the move might be part of a bigger plan. The company recently opened a section on their website dedicated to real state commerce in Bitcoin and Bitcoin only. The pilot program includes 75 properties and 7 real state agencies willing to accept the cryptocurrency.

    Related Reading | JPMorgan Partners With Singapore’s DBS to Launch Blockchain-Based Payment Platform

    The Bitcoin-on-the-balance-sheet club

    The investment puts MercadoLibre in a pretty exclusive club. The institutional adoption pioneer was MicroStrategy, a company that then issued bonds to buy even more Bitcoin. Twice. At the time, Bitcoinist reported:

    Microstrategy announced today that it purchased $15 million worth of Bitcoin. The company’s CEO, Michael Saylor, tweeted this morning that his company had bought approximately 253 BTC, bringing its total holdings to about 91,579 BTC.

    After that, Square announced a moderate buy of $50M worth of Bitcoin, and months later another one of $170M. It’s worth noting that the company buys and sells BTC through their flagship product CashApp. And that it keeps buying more. Six months ago, Bitcoinist reported:

    Ikigai Asset Management’s Hans Hague recently noted that per his analysis, Square and Grayscale alone have accumulated $2.3 billion worth of Bitcoin in the past quarter.

    The biggest player of all, of course, is Elon Musk’s Tesla. Reports that the company made more money from that investment than for selling cars are all over the Internet. In any case, Tesla made a big splash when it entered the space. Bitcoinist reported:

    Traders flocked into the cryptocurrency market a day after American carmaker Tesla announced that it had purchased $1.5bn worth of Bitcoin as “alternative reserve assets” to their cash holdings.

    In its filing with the Securities and Exchange Commission, Tesla said it plans to buy more Bitcoin in the future and—maybe—even enable its use as a medium of payment for its products and services.

    MercadoLibre stock chart

    MercadoLibre stock chart | Source: MELI on TradingView.com

    Related Reading | Southampton FC Extend Partnership Deal with Blockchain Leader The Coingaming Group

    More about MercadoLibre

    It may not be a big name in the European and North American markets, but MercadoLibre is ubiquitous in Latin America. The company operates in:

    • Argentina
    • Brazil
    • Chile
    • Uruguay
    • Mexico
    • Spain
    • Bolivia
    • Venezuela
    • Colombia
    • Ecuador
    • Peru
    • Costa Rica
    • Dominican Republic
    • Guatemala
    • Honduras
    • Panama

    In the quoted financial results report, they describe themselves as: 

    Founded in 1999, MercadoLibre is the largest online commerce ecosystem in Latin America, serving as an integrated regional platform and as a provider of the necessary digital and technology-based tools that allow businesses and individuals to trade products and services in the region. The Company enables commerce through its marketplace platform which allows users to buy and sell in most of Latin America.

    A question remains, will Bitcoin holdings make MercadoLibre’s stock rise?

    Featured Image by Mark König on Unsplash - Charts: TradingView

    Coinsmart. Beste Bitcoin-Börse in Europa
    Source: https://bitcoinist.com/latin-americas-biggest-online-marketplace-mercadolibre-disclosed-bitcoin-holdings/?utm_source=rss&utm_medium=rss&utm_campaign=latin-americas-biggest-online-marketplace-mercadolibre-disclosed-bitcoin-holdings

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    Blockchain

    Novogratz’s Galaxy Digital set to acquire BitGo for $1.2B

    Republished by Plato

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    Galaxy Digital is in the process of acquiring BitGo for $1.2 billion, which would be settled in stock and cash

    Galaxy Digital, the firm owned by popular investor Mike Novogratz, is set to acquire BitGo, a leading independent digital assets infrastructure provider. The deal is worth roughly $1.2 billion and will be paid in both stock and cash.

    In a press release yesterday Galaxy Digital said, “The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering an unparalleled breadth of industry-leading products and services at scale.”

    Several reports surfaced last month, suggesting that the two companies are in advanced talks regarding an acquisition. Mike Novogratz, CEO and Founder of Galaxy Digital, said the acquisition of BitGo would turn his company into a one-stop-shop for institutions, boosting their efforts to institutionalise digital asset ecosystems and blockchain technology. Novogratz added, “The power of the technology, solutions, and people we will have as a result of this acquisition will unlock unique value for our clients and drive long-term growth for our combined business. We are excited to welcome Mike Belshe and the talented BitGo team to Galaxy Digital.”

    Per the terms of the agreement, BitGo shareholders are set to receive 33.8 million newly issued shares of Galaxy Digital common stock. Furthermore, they will be paid $265 million in cash, which brings the total value of the deal to approximately $1.2 billion.

    BitGo is one of the leading regulated custodians in the cryptocurrency sector. It currently provides services to over 150 exchanges and 400 institutional clients. BitGo controls over $40 billion in assets under management by supporting the custody of over 400 coins and tokens.  BitGo CEO and Founder Mike Belshe said joining Galaxy Digital is an exciting new chapter for the company, allowing their clients to access a wide set of financial solutions.

    Galaxy Digital planning to go public in the US

    Galaxy Digital is a publicly-listed company in Canada. However, the firm is planning to officially list on a US stock exchange this year. In that regard, the company’s board of directors approved a proposed reorganisation and domestication designed to help the company achieve its goal of going public in the United States.

    Coinsmart. Beste Bitcoin-Börse in Europa
    Source: https://coinjournal.net/news/novogratzs-galaxy-digital-set-to-acquire-bitgo-for-1-2b/

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