cryptodailytrading.com

Waves Offers 1 Mln of Native Coins for Building Games on Its Platform

  • Yuri Molchan
    📰 News

    Waves hopes to retain game makers with big crypto prizes


Waves Offers 1 Mln of Native Coins for Building Games on Its Platform
You may also like:
Contents

Earlier this week, Waves startup has set up a fund containing one mln WAVES (that is almost $2 mln) to stimulate game developing companies to create apps on this Blockchain.

Waves wants tokenized games

The startup’s team particularly looks for developers who will create games that enable users to get some tokenized incentives. The Waves CEO Sasha Ivanov reckons that the technology of the open ledger (DLT) is perfect for game making and that DLT will become popular in this field. In particular, he intends to integrate his own platform in it.

👉MUST READ The Future of Employment and the Digital Revolution That Will Drive It
The Future of Employment and the Digital Revolution That Will Drive It

The press release issued by the company states that Waves is particularly suitable for the gaming industry since the coins on this ledger are assets and no smart contracts are involved. Besides, software makers will be able to create their own markets based on the Waves’ dex (decentralized exchange).

Crypto Games Conference, Belarus

At the end of last week, Waves presented the aforementioned initiative at the Crypto Games Conference in Minsk, Belarus. Back then, the Waves team conducted a competition, daring developers to make a simple game on the platform for a start. Three winners got prizes of 250, 500 and 750 WAVES respectively.

Experts believe that merging crypto coins and computer games could accelerate mass adoption of crypto if players can get coins for simply playing these games.

👉MUST READ How Artificial Intelligence (AI) Penetrates the Crypto World
How Artificial Intelligence (AI) Penetrates the Crypto World

Recent Waves activities

Earlier, U.Today reported that Waves had signed a contract with Russia’s large manufacturer Rostec to help the conglomerate manage its operational data.

WAVES is currently trading at $1.92 after a small decline.

Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!
👓 Recommended articles

It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst


It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst
You may also like:
Contents

The fact that Bitcoin saw its price breaking above $5,000 at the beginning of April made everyone highly optimistic about the prospects of a full-fledged bull run. However, crypto bulls shouldn’t hold their breath since it could take decades for the number one currency to recover from its epic downfall.

👉MUST READ Is Cryptocurrency Dead? Why Are Bitcoin and Altcoins Hitting a Snag?
Is Cryptocurrency Dead? Why Are Bitcoin and Altcoins Hitting a Snag?

Bitcoin compared to other bubbles  

After comparing Bitcoin to other bubbles, UBS analyst Kevin Dennean came to a conclusion that BTC will most likely follow their lead, Business Insider reports.
However, here’s a catch – Bitcoin will have to undergo a long-lasting recovery, so it is not reasonable to expect another bull run in the nearest future. For comparison, it took the Dow Jones Industrials 22 years to reach its previous peak.   


‘We're struck by how long it took other asset bubbles to recover their peak levels (as long as 22 years for the Dow Jones Industrials) and how pedestrian the annualized returns from trough to the recovery often are,’ Dennean claims.

Bitcoin compared to other bubbles  

Picture: ©FactSet

With that being said, it is still not guaranteed that a certain bubble retests its ATH even after decades since a big burst. Nikkei, despite reaching its 20-year highs in October 2017, was still 50 percent lower than its ATH that was recorded in 1989.

Nikkei

Picture: ©ATLAS

👉MUST READ Bitcoin Price Posts Four Years of Consecutive Gains in April
Bitcoin Price Posts Four Years of Consecutive Gains in April

When you lose, you win

During the peak of the crypto market, Bitcoin was frequently compared to the infamous tulip mania, but these two barely had anything in common (except for the horrible stability of value). Hence, it hardly makes sense to apply a certain pattern and expect Bitcoin to behave in a similar fashion to other bubbles.

Historically, enormous price crashes actually benefited Bitcoin. As reported by U.Today, Bitcoin trader recently noticed that the BTC price rise 5.1-16.89 times every 70+ percent plunge. Crypto bulls have every reason to expect a similar outcome this time around.

'Shadow of bull statue on texture tiles floor metaphor of bull market is coming for stock market or investment asset' image by 123rf.

In this Telegram channel you’ll find fresh news, interviews, infographics, forecasts & other helpful stuff. Join U.Today's channel.
👓 Recommended articles