Blockchain Gaming

VanEck Launches SUI ETN for European Investors Amid Token's Record High

Thursday. November 14 at 2:00 AM

1 min. read
VanEck Launches SUI ETN for European Investors Amid Token's Record High

VanEck, a global asset management firm and US Bitcoin ETF issuer, has introduced a new ETN linked to the SUI token from the Sui blockchain network for European investors. The ETN, available on Euronext Amsterdam and Euronext Paris, enables investors in over 15 countries to access SUI without direct ownership. It tracks the MarketVector Sui Network VWAP Close Index and is fully backed by SUI tokens held with Liechtenstein’s Bank Frick. With a 1.5% expense ratio, the SUI token has reached an all-time high of $3.31 due to increasing adoption. VanEck selected Sui for its high performance and user-friendly design, making it suitable for real-time transactions in financial services and gaming. The Sui ETN expands VanEck's crypto product portfolio, offering investors a simple way to engage with the promising blockchain network.

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Investment in TON Ventures by OKX Ventures to Boost Telegram-Powered TON Applications

Investment in TON Ventures by OKX Ventures to Boost Telegram-Powered TON Applications

Wednesday. December 11 at 1:00 AM

OKX Ventures, the investment arm of global crypto exchange OKX, has injected $5 million into TON Ventures to enhance the development of Telegram-driven TON apps. The investment was disclosed by the OKX Ventures team on Dec. 10, in support of The Open Network blockchain's specific venture capital fund. This funding aims to expedite the growth of the TON ecosystem's developer community. Jeff Ren, a partner at OKX Ventures, expressed confidence in TON's ability to promote mainstream adoption of onchain technologies. The recent launch of the Telegram Growth Hub, in conjunction with this investment, underscores OKX Ventures' commitment to TON's potential. The collaboration with TON Ventures' founding team, known for their extensive ecosystem knowledge, is expected to facilitate the scaling of TON-native applications. OKX Ventures also introduced the $10 million Telegram growth hub with The Open Platform and Folius Ventures to introduce blockchain applications to Telegram's vast user base. TON Ventures, having raised $40 million in funding, is focusing on future developments in gaming and monetization tools.

Blockchain Gaming

Global Crypto Awareness on the Rise Amidst Trust Issues in Traditional Finance

Global Crypto Awareness on the Rise Amidst Trust Issues in Traditional Finance

Tuesday. December 10 at 10:00 PM

A recent global survey conducted by Consensys and YouGov reveals that crypto awareness has surged to 93% as trust in traditional financial systems wanes. The report indicates a growing understanding and adoption of cryptocurrencies worldwide, particularly among younger men aged 25 to 44. Ownership and investment in digital assets have also seen an uptick, with Nigeria leading in ownership rates. Despite these positive trends, barriers such as market volatility, scams, and lack of clear entry points persist, hindering broader participation. Concerns about centralized platforms and a desire for more control over online identities and data are prevalent among respondents. Blockchain technology is seen as a potential solution to address these challenges, with a majority expressing distrust in traditional financial systems. The survey underscores the need for education and reform in the evolving digital landscape, as users increasingly seek ownership and control over their digital presence.

Blockchain Gaming

Dimo's Migration to Base: A Strategic Move for Future Growth

Dimo's Migration to Base: A Strategic Move for Future Growth

Tuesday. December 10 at 7:00 PM

Dimo, a platform facilitating developers to create apps and drivers to monetize their data, is transitioning from Polygon to Coinbase's Base Ethereum scaling network. Co-founder Rob Solomon sees this shift as a gateway to valuable partnerships. The project aims to establish a global API layer for cars, envisioning a future with AI car mechanics and data-selling opportunities for users. While currently operating on Polygon, Dimo plans to switch to Base layer-2 chain for enhanced collaborations. Solomon highlights potential partnerships with projects like Cario and Blackbird. The migration is scheduled for late 2025, with minimal impact on platform users. Base, backed by Coinbase, offers a robust ecosystem attracting various projects. Dimo sees Base as a strategic fit for its long-term goal of revolutionizing the car industry. Solomon foresees Dimo's blockchain technology replacing traditional vehicle identification systems, streamlining processes like payments and credentials. This vision aligns with Dimo's ambition to be a pivotal player in the automotive sector, with Base as its preferred platform for growth.

Blockchain Gaming

Collaboration for Blockchain Gaming: Zoppel Launching on Skale Network

Collaboration for Blockchain Gaming: Zoppel Launching on Skale Network

Tuesday. December 10 at 9:00 AM

Skale Labs and Sequence are joining forces to support upcoming blockchain games, starting with the launch of mobile shoot ‘em up game Zoppel: The Legend of Furiax on the Skale network. Zoppel, a vertical spaceship shooter, will have its alpha test on Android and iOS on December 15, marking the beginning of the partnership. The game, based on an original science fiction IP, will be accompanied by a graphic novel shipping in January. Skale Labs, known for Skale, an Ethereum layer-2 scaling network gaining traction in gaming, is collaborating with Sequence, a blockchain gaming platform by Horizon. Future games like Sheertopia, The Last Monarchy, Netherak Demons, and Olderfall will also launch on Skale with support from both companies. The integration of Sequence Builder toolset with Skale's Nebula mainnet aims to enhance game development and player experiences in the gas-free blockchain environment.

Blockchain Gaming