Connect with us

Blockchain

PLAYSTUDIOS Launches Blockchain Gaming Division

Published

on

PLAYSTUDIOS Secures Content License From IGT, a Leading Global Provider of Top-performing Casino Content

 

PLAYSTUDIOS Inc., the creator of the playAWARDS loyalty platform and an award-winning developer of free-to-play mobile and social games that offer real-world rewards to players, has launched its new blockchain division, playBLOCKS.

playBLOCKS will extend PLAYSTUDIOS’ leadership in “rewarded play” by leveraging blockchain technologies and economic models that will: deliver more engaging and rewarding experiences to players across its portfolio of games; provide new capabilities to rewards partners; and offer a more secure marketplace for both players and rewards partners to connect. PLAYSTUDIOS also announced its intention to invest in innovative companies shaping the future of rewarded play. The company refers to its plans as the “Future Fund,” and has seeded it with an initial sum of $10 million.

PLAYSTUDIOS’ new playBLOCKS division is built upon the acquisition of WonderBlocks, a blockchain-based loyalty platform for games; an alliance with Forte, a leading provider of blockchain infrastructure for game developers; and strategic investments in innovative companies at the intersection of gaming and blockchain reward models that will be used to advance PLAYSTUDIOS strategic position, like Forte and The Kryptomon Company, its two earlier investments.

“Each of these strategic initiatives is focused on fully realizing our vision for our playAWARDS platform and rewarded play model, and will solidify our leadership as the richest and most rewarding entertainment ecosystem in gaming today. They will help us further our proven ‘rewarded play’ gaming experience in a way that gives our players more ways to earn, provides rewards partners exposure to our community of players that is trustworthy and secure, and ensures that everything we offer our players has discernible, measurable, real-world value,” Andrew Pascal, founder and CEO of PLAYSTUDIOS, said.

Forte’s blockchain infrastructure enables PLAYSTUDIOS to efficiently integrate blockchain technologies into its loyalty platform and games to create rich, player-first experiences built specifically for token economies and the management of digital assets.

“We share a vision about the transformational opportunity of blockchain gaming, one that creates massive new creative and economic opportunities centered around utility, trust and authenticity,” said Jason Hahn, EVP, Corporate and Business Development of PLAYSTUDIOS.

“We believe that by joining forces with PLAYSTUDIOS, WonderBlocks can realize its vision at a much larger scale and help accelerate PLAYSTUDIOS’ plan of building the largest and most innovative rewarded play ecosystem, delivering value to consumers, game publishers, and rewards partners,” said Linda Lee, the new head of playBLOCKS.

Through its “Future Fund”, PLAYSTUDIOS will partner with next generation Web3 companies building advanced capabilities at the intersection of gaming, loyalty marketing, and blockchain rewards. The fund’s initial strategic investments in Forte and The Kryptomon Company provide PLAYSTUDIOS with access to expertise in Web3 technology, marketing, and community building that it can leverage as it deepens its capabilities in the space.

Blockchain

Veteran Horse Racing Gaming Exec Joins Game of Silks as President and Chief Operating Officer to Gear for Hyper Growth

Published

on

 

Game of Silks, the first metaverse that mirrors the real world of thoroughbred horse racing, has added Ron Luniewski, a sports, gaming, and entertainment veteran with a proven track record of success and growth, to its executive suite.

Luniewski joins Silks from the gaming world where he established a reputation as a builder, leveraging emerging technology to initiate hyper growth for companies and lead them successfully through massive expansion. Prior to joining the Silks team, Luniewski transformed Xpressbet from a small regional phone operation with 15 employees to a multi-platform juggernaut generating more than $300M in annual revenue and growing the team up to 150 employees by the end of his tenure. Before that, Luniewski was a pioneer in expanding access to horse racing early on, leading the first ever legal online horse gambling website, YouBet.com, as Chief Executive Officer from 1996 to 2002, kickstarting what is now a $7 Billion enterprise.

“Throughout my career, I have looked for ways to employ innovative technology to grow the sport of horse racing, so I was immediately inspired when I came across Game of Silks. Silks is a revolutionary platform that can fundamentally change horse racing by giving a whole new class of fan the ability to participate in this sport. Major players in racing, like the New York Racing Association (NYRA), have already hitched their wagon to Game of Silks, having seen its potential. We’re excited to establish additional partnerships with the racing community as we advance,” said Luniewski.

Despite the current bear market, the Silks executive team continues to expand to meet demand. Game of Silks, the fasting growing metaverse sports game in the space, added Srini Vasan, former DraftKings Vice President of Engineering, in April as the platform’s Chief Technology Officer. Additionally, Silks has secured landmark partnerships and agreements with horseracing titans NYRA, Fox Sports and The Jockey Club while also distributing record-breaking payouts to owners of Silks Horses.

“With the first Game of Silks racing season in full swing, our business is looking to scale rapidly to new users and showcase what’s possible when you marry the timeless tradition of horse racing with blockchain technology. Ron’s experience growing successful companies from start-up status to IPO, adapting and implementing new technology, and his deep industry connections to the global horse racing community are invaluable in any market,” Dan Nissanoff, CEO and co-founder of Silks, said.

Continue Reading

Blockchain

How Blockchain Technology Enables Using Online Services Much Safer and Faster

Published

on

How Blockchain Technology Enables Using Online Services Much Safer and Faster

 

Introduction

Blockchain technology has become increasingly popular in recent years due to its ability to provide secure and fast transactions. The technology works by creating a decentralized and tamper-proof ledger, which makes it difficult for hackers to steal data or manipulate transactions. This has led to a wide range of use cases for blockchain technology, including online services such as banking, gambling, and e-commerce.

Blockchain Technology and Online Services

Blockchain technology has several benefits for online services. One of the most significant advantages is the security and privacy that it provides. Blockchain technology allows for secure transactions, which means that users can be assured that their personal and financial information is protected.

Monero and Technological Advancements

Monero is a cryptocurrency that uses blockchain technology to provide users with privacy and security. Monero has several technological advancements that make it stand out from other cryptocurrencies. For example, Monero uses ring signatures to keep transactions private, making it nearly impossible for anyone to trace a transaction back to its source.

Using Monero in Online Casinos

Monero is becoming increasingly popular in the online gambling industry because of its privacy and security features. Monero casinos allow players to deposit and withdraw funds anonymously, which can be especially attractive to players who want to keep their gambling activities private. Monero casinos also provide players with fast transaction speeds, which means that players can start playing their favorite games faster.

Using Monero Safely

While Monero casinos can be a safe and fun way to gamble online, it is essential to use reputable Monero casino sites. Players should research Monero casinos before depositing funds to ensure that they are reputable and safe. Players should also use strong passwords and two-factor authentication to protect their accounts from hackers.

Conclusion

Blockchain technology has transformed the online services industry, providing users with secure and fast transactions. Monero is a cryptocurrency that uses blockchain technology to provide users with privacy and security, making it an attractive option for online gamblers. While Monero casinos can be a safe and fun way to gamble online, it is essential to use reputable Monero casino sites and take steps to protect personal and financial information. As blockchain technology continues to advance, it is likely that we will see more use cases for this technology in online services, providing users with even more security and privacy.

Continue Reading

Blockchain

Blockchain Bets Launches a Decentralized Online Gaming Platform

Published

on

 

Blockchain Bets, a new token in the world of cryptocurrency, is capturing attention for its unique approach to online gaming. The token offers users a chance to own a part of an online casino and to participate in various sports and games using popular blue-chip cryptocurrencies.

With new developments, Blockchain Bets operates on a decentralized platform, providing a secure and transparent experience for its users. Transactions are recorded on a public ledger, and the smart contract code ensures fairness for all parties involved. The token is highly divisible, enabling users to invest any amount they desire.

Blockchain Bets is set to become a significant player in the cryptocurrency market. The token has the potential to establish itself as a world reference for decentralized online gaming.

Blockchain Bets facilitates with a wide range of sports and games for users to participate in, including soccer, basketball, football, and more. The platform aims to become one of the largest online gaming platforms of its kind and to revolutionize the traditional online gaming industry.

Furthermore, Blockchain Bets has a total supply of 1 billion tokens, with 83% of this amount being made available for circulation at the time of its relaunch. A portion of 3% was allocated to a betting exchange wallet, while 12% was intended to be burned. As of now, 2% of the burn allocation has already been burned and an additional 12% is expected to be burned as the price reaches certain milestones.

Blockchain Bets was created with an initial investment of over $250,000 worth of Ethereum, and its goal is to provide users worldwide with a fair and transparent gaming experience. The $BCB token is used within the platform and enables token holders to have a stake in ownership and receive a share of the profits generated from the platform. Therefore, Blockchain Bets embodies the essence of decentralization and provides users a safe and secure gaming platform.

“The company is absolutely thrilled to launch Blockchain Bets and to offer a new way for users to invest in the online gaming market. By providing a secure, transparent platform for participating in a variety of sports and games, and by enabling users to become part-owners of the platform, Blockchain Bets is poised to disrupt the traditional online gaming industry,” officials said in a statement.

Continue Reading

Trending

GamingAmericas.com (part of HIPTHER) is your one-stop portal for the latest news, insights, and analyses in the gaming industry across the Americas. From legislative updates and market trends to interviews with industry leaders, we provide a comprehensive look at the dynamic landscape of both online and land-based gaming. Whether you're a stakeholder looking to stay ahead of the curve or a gaming enthusiast eager for reliable updates, GamingAmericas.com has got you covered. Follow us on social media and subscribe to our newsletter for real-time updates and exclusive content. Make informed decisions and stay ahead in the game with GamingAmericas.com.

Disclaimer: All the information provided is for educational and entertainment purposes only. Always check your local laws before participating in any gaming activities.

Copyright © 2018 – 2024, HIPTHER. All Rights Reserved.