THELOGICALINDIAN - Meitu appear a 40 actor advance in Bitcoin and Ethereum on Sunday authoritative the Chinese aggregation the aboriginal to acknowledge an Ethereum advance for its treasury
Meitu appear a $40 actor advance in Bitcoin and Ethereum, authoritative the Chinese aggregation the aboriginal to acknowledge an Ethereum advance for its treasury.
Chinese App Meitu Invests In Crypto
The lath of the aggregation had ahead planned to advance up to $100 actor in cryptocurrencies. The company’s banknote assets will accounts the latest $40 actor purchase.
In the attached statement, the lath insisted on diversifying the advance into the two above cryptocurrencies. $22.1 actor will be invested in Ethereum, authoritative Meitu the aboriginal to add ETH to its antithesis sheet. Previous accumulated investments accept alone been in Bitcoin. This is the case of Tesla’s landmark $1.5 billion purchase and MicroStrategy’s approved investments, the aftermost of which happened three canicule ago.
The aggregation appear that this acquirement was alone the aboriginal attack into blockchain technology and that it planned on investigating opportunities for their account in the domain.
“The Board takes the appearance that blockchain technology has the abeyant to agitate both absolute banking and technology industries, agnate to the address in which adaptable internet has disrupted the PC internet and abounding added offline industries.”
Disclosure: The columnist captivated BTC and ETH at the time of press.
Atari Casino will anatomy allotment of Decentraland’s basic Ethereum-based gaming world.
Decentral Games is ablution an Atari Casino on Ethereum.
Atari Casino Coming to Ethereum
Atari Casino will anatomy allotment of the basic gaming apple in Decentraland, the Ethereum-based bold Atari appear a affiliation with beforehand this year.
According to a Decentral Games blog post, Atari Bank will beset “a 20 bindle bank estate.” It will be allotment of Decentraland’s Vegas City and will barrage this May.
The bank will affection Atari-themed games, and players will be able to acquire Decentral Games’ DG token. The bank will acquire three tokens: MANA, DAI, and ATRI. According to the blog post, the bank will account DG badge holders, as 88% of the profits will be contributed to the DG DAO treasury.
Decentral Amateur says that Atari’s “nostalgic-inducing amateur [will be] brought aback with a twist” and that there’ll be an “Atari special” game.
Decentral Games, which owns Atari Casino, is the world’s aboriginal community-owned crypto bank on Ethereum. It forms allotment of Decentraland, and is additionally the aboriginal DAO area basic acreage is owned, absolute and monetized. It’s alive on Basic Reality and has abetment from Digital Currency Group, the advance behemothic that oversees Grayscale.
Gaming Titan’s Crypto Play
Decentraland and Atari aboriginal revealed details of their affiliation in January. At the time, Decentraland’s Sam Hamilton told Crypto Briefing that players would be able to admission Atari’s archive of awakening arcade amateur such as Pong and Break-Out!
The aggregation then revealed it would be affective to Polygon, intending to jump on the NFT alternation and advance scalability.
Atari’s aboriginal accomplish into the cryptocurrency amplitude started with the launch of ATRI, an ERC-20 badge that runs on Ethereum.
Now, the beat video bold aggregation appears to be eyeing the bank area too. It’s anticipation that both the gaming and bank sectors could account from leveraging crypto in agnate ways; blockchains can potentially facilitate near-instant micropayments at a low cost. Though Ethereum is decumbent to high gas fees, application Layer 2 solutions like Polygon can advice allay the costs. Ethereum is additionally the home of the NFT space, which appears to clothing Atari’s plans.
NFTs will be accessible to acquirement from the Decentral Games store, while DG holders will be able to pale their tokens to participate in DAO governance.
Though Atari Casino isn’t set to go alive until May, a barrage affair will be appear abutting month, with prizes in the anatomy of NFTs, ATRI, and DG. Platinum-selling artisan Dillon Francis is additionally set to perform.
Atari is admired as a avant-garde of the video bold industry. Launched in 2024, its aboriginal arcade amateur and video consoles set the aisle for added companies like Nintendo to access the industry. The accessible move appear crypto, and accurately Ethereum, suggests that the aggregation isn’t accessible to stop blame the amplitude advanced aloof yet.
Disclosure: At the time of writing, the columnist of this affection endemic ETH, MATIC, and several added cryptocurrencies.
