The Daily: Teenagers Want Bitcoin for Christmas, Coinbase-Funded Game to Enter Beta
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The Daily: Teenagers Want Bitcoin for Christmas, Coinbase-Funded Game to Enter Beta

THELOGICALINDIAN - In todays copy of The Daily we focus on the circle amid the cryptocurrency industry and gaming A bold startup afresh aloft 16 actor from investors such as Okcoin and Galaxy Digital while the developers of a bold backed by the advance arm of Coinbase accept appear a new gameplay bivouac And in accompanying account a contempo address shows that adolescent bodies adopt cryptocurrency and ingame bill over authorization cash

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Mythical Games Secures $16M of Funding

Mythical Games, a new Los Angeles-headquartered bold studio, appear on Friday that it has anchored $16 actor in a Series-A costs round. The funds will abutment the development and co-production of blockchain-powered amateur for adaptable devices, PCs and consoles. The annular was led by Galaxy Digital and included Okcoin, Javelin Venture Partners, Divergence Digital, Fenbushi and Noris.

The startup affairs to accommodate its proprietary belvedere to added developers to advice body “player-owned” economies. It will additionally aftermath accoutrement for brands to monetize their bold assets.

“We accept that gaming — and accurately players’ alternation with in-game economies and basic appurtenances — will comedy a key role in how the masses aboriginal ascertain the accurate abeyant of the blockchain,” said Mike Novogratz, CEO and Founder of Galaxy Digital. “Mythical’s acquaintance architecture affluent and immersive bold worlds will be invaluable to this mission.”

The aggregation was founded by above admiral from Activision, Blizzard and Yahoo. They anniversary ahead led development teams for amateur such as “Call of Duty” and “World of Warcraft.”

“The advance from Galaxy, Javelin, and our added new investors will acquiesce us to burn a new access to developing games, giving players and agreeable creators a bigger pale in the amateur they love,” commented John Linden, co-founder and CEO of Mythical Games. “We accept these new economics will appear to boss gaming, consistent in an alike bigger addressable bazaar for the industry.”

On Saturday, Mythical Games appear its aboriginal collectibles game, “Blankos Block Party.”

The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter Beta

Fuel Games Releases ‘Gods Unchained’ Trailer

Fuel Games, addition blockchain-powered bold development aggregation that was founded beforehand this year, appear an official gameplay bivouac on Thursday for its accessible appellation “Gods Unchained.” The startup aloft $2.4 actor in berry allotment in May and is backed by Coinbase Ventures, Continue Capital, Sora Ventures and Nirvana Capital.

“Gods Unchained” is a aggressive collectible trading agenda game, like a cantankerous amid “Magic: The Gathering,” “Hearthstone” and “Crypto Kitties.” Fuel Games additionally appear on Thursday that it will activate rolling out a bankrupt beta of the bold “over the abutting anniversary or two.”

Teenagers Want Bitcoin for Christmas

The Daily: Okcoin-Backed Studio Raises $16M, Coinbase-Funded Game to Enter BetaBeyond investments by cryptocurrency exchanges in blockchain-powered games, addition affiliation amid crypto and gaming is that adolescent bodies tend to adopt in-game agenda currencies over old authorization money. Piper Jaffray, an advance cyberbanking and asset administration firm, on Wednesday appear its “Holiday 2018” customer report, which ante the allowance preferences of American teenagers. The letters shows that for the aboriginal time ever, adolescent bodies prefer cryptocurrency and “V-Bucks” as presents over authorization cash, allowance cards and money for car-related expenses.

The V-Buck is the in-game bill of the action royale bold “Fortnite.” The berserk accepted appellation has been raking in hundreds of millions of real-world dollars per ages from the auction of in-game assets, admitting actuality chargeless to play. The game’s absurd bartering success is apparently a above accidental agency to the contempo access in game-development funding, as abounding investors achievement to capitalize on its popularity.

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