• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Friday, September 29, 2023
Comal County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Gaming

Binance Leads The Gaming Metaverse With Its NFT Platform – AMBCrypto News

by NewsReporter
December 22, 2021
in Gaming
binance-leads-the-gaming-metaverse-with-its-nft-platform-–-ambcrypto-news
Share on FacebookShare on Twitter

The year 2021 can undoubtedly be characterized as the year of cryptocurrencies and the decentralized space, owing to its growth in terms of price and adoption. The buzz created by the space, a result of Bitcoin’s inception, has completely engulfed investors, regulators, speculators, and dissenters alike. 

Now that the year itself is nearing its end, it does in no way mean that the buzz would come to an end too. In all actuality, the crypto-space will not only continue to grow but also evolve. Thanks to its decentralized core, the space has placed itself at the center of a digital revolution on all fronts, leading the metaverse.

This year, NFTs were the most highlighted topic, with the word itself securing the title of ‘word of the year 2021’ by Collins Dictionary. Notably, people often associate non-fungible tokens with the disruption of the art world as we know it. However, it is imperative to understand that it is not its only promising area.

As things stand, NFTs have started to gain prominence in the gaming sector too. And, at the forefront of leading this run is Binance, one of the largest cryptocurrency exchanges in the world. 

The emergence of another dope version

Binance has been at the front line of pushing the growth of the crypto-verse since its inception, with the team dedicated to providing the foundation required to take the digital space ahead. This time around too, the platform has by no means been behind the race of revolution. 

In June this year, Binance announced the launch of its own NFT platform, after noticing that there was a growing call for it. Interestingly, the platform, unlike most others, opened its doors for not just artists but also game developers. 

This initiative has seen not only an immensely positive response from game developers, but also from gamers and crypto-enthusiasts alike. The overwhelming response, in turn, has resulted in the platform launching something called Initial Game Offering [IGO]. 

In its blog post, Binance stated that this move was in line with its vision of building a home for NFT gaming, and “a step forward into the Gaming Metaverse.”

The curious case of Initial Game Offering

The Initial Game Offering [IGO] initiative by Binance allows people to access the “core gaming NFT assets from top tier gaming projects.” These NFT assets are exclusively available only on Binance’s NFT platform. Interestingly, the platform aims to be the foundation for gaming metaverse, connecting top-tier blockchain games and NFT assets to crypto-enthusiasts around the world. 

These NFT assets could be anything related to the game. Think of it as the gun in Counter-strike, purchased from its built-in buy menu. Or, the special skins you bought to customize your game character on Steam. Except, in this case, Binance will be taking over the role of Steam. 

Moreover, the IGO is turning out to be almost the need of the hour. Recently, Steam – a video game digital distribution service – banned all blockchain, NFT, and crypto-games from its platform. This has essentially led to the exclusion of blockchain game developers from participating in the gaming industry.

Leading the revolution

Interestingly, Initial Game Offerings have thrived on Binance since their launch. In order to drive this force further, the platform has partnered with Binance Labs, Binance Smart Chain [BSC] fund, venture capitalists, guilds, and influencers. All partnerships aimed at the sole purpose of on-boarding new players to NFT gaming, part of a vision to take a step forward into the gaming metaverse. 

These efforts have put Binance at the center-point of driving the revolution, with more and more gamers choosing Binance NFT. The platform has, so far, launched five IGO drops, and all of them have sold out, recording a great response from the crypto-community. The platform has also recorded a whopping $8 million in trading volume for NFT drops, and over 40x growth in just 24 hours.

The key standpoint of Binance NFT is that it has taken over as the world’s largest gaming NFT trading platform. This was made possible as the platform recorded over 1 million gaming NFTs in supply, in addition to its $130 million in trading volume and 60 gaming project NFT drops. 

Moreover, the platform is also accredited as the fastest-growing platform since it generated over $40 million in trading volume in just a month with IGO drops. The platform also saw its most expensive gaming NFT sold for $1,937,600 [close to 2 million].

The first and last stop of gaming metaverse

While it can be perceived that Binance is trying to boost the NFT space by creating a platform, in reality, it is much more than that. Binance aims to be much more than just a mere place where one can buy, see, and trade NFTs. Its platform is “an immersive experience where everyone can come together under one digital space, from traders and collectors to gamers and creators alike.”

Binance has achieved the said goal by being the single centralized stop for everyone looking to tap into gaming NFTs. The platform has a team dedicated to looking into the most promising blockchain game projects, which are then consolidated to be presented to its users in a seamless manner. 

Notably, as a part of its gaming vision, Binance will once again be leading the new age of the digital world by launching its own NFT virtual world. The setting stone for gaming metaverse will enable users to “walk around and enjoy curated NFT art in a completely digital space.”

Disclaimer: This is a paid post and should not be considered news/advice

Related Posts

Russia-Ukraine War Live Updates: Moskva Warship Has Sunk, Moscow Says – The New York Times

by NewsReporter
April 14, 2022
0

Please enable JS and disable any ad blocker

igt-named-“multi-channel-supplier-of-the-year”-in-2022-international-gaming-awards-–-pr-newswire

IGT Named “Multi-Channel Supplier Of The Year” In 2022 International Gaming Awards – PR Newswire

by NewsReporter
April 14, 2022
0

Company recognized for leading cross-platform content and omnichannel slots technology , /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it was honored for its leadership in cross-platform content and technology by winning the "Multi-Channel Supplier of the Year" designation in the 2022 International Gaming Awards. The annual...

basf-to-help-advance-china’s-cryogenic-transport-technology-–-gasworld

BASF To Help Advance China’s Cryogenic Transport Technology – Gasworld

by NewsReporter
April 14, 2022
0

Chemical multinational BASF has had its proprietary Elastopor Cryo (Elastopor) technology harnessed to develop a cryogenic insulation system that could be used to transport cryogenic liquid cargo such as liquefied natural gas (LNG).The system, developed by Shanghai Harvest Insulation Engineering Co., Ltd (Harvest), will be integrated into the first VLEC...

interactive-gaming-extravaganza-power-up-extended-at-the-science-museum-–-european-gaming-industry-news

Interactive Gaming Extravaganza Power Up Extended At The Science Museum – European Gaming Industry News

by NewsReporter
April 14, 2022
0

Reading Time: 3 minutes Senior hires have been made across three operating companies: the ecosystem company, the games studios company, and the infrastructure company. New hires bring over 40 years of combined industry and business expansion experience to propel SGG in its mission to grow the sector globally. SGG is...

Comal County News Online

© 2021 Comal County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Comal County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT