Ripple’s developer ecosystem project named Xpring has recently partnered with one of the industry leading gaming platforms based on blockchain – Forte – establishing a $100 million fund that supports game developers. The cryptocurrency news was confirmed in a press release published on March 12 on the company’s website.
The initiative is meant to boost the mass adoption of blockchain technology in the gaming industry – mostly through the increase of engagement and monetization with players. Forte is known for targeting game developers that are running live games economies and have more than 50,000 daily active users and a general interest in blockchain deployment.
According to the Chief Platform Officer at Forte:
“Blockchain technologies’ key innovations unlock vast potential for nearly all forms of digital interaction. Gaming is a $140 billion global industry driven predominantly by digital micro-transaction economies, which we believe will benefit immensely from the integrity and resilience of blockchain technology.”
This way, Forte’s products can be further implemented in the gaming ecosystem. They are known for using the open source Interledger Protocol with Ripple’s XRP token as well as the container-based hosting solution Codius which is meant to facilitate cross-chain transactions.
Forte is officially registered and based in San Francisco and is a startup that is backed by many big industry players. One of them is the venture fund Andreessen Horowitz, as well as the early stage capital firm Canaan Partners and Coinbase Ventures. On the other hand, Xpring is a new Ripple initiative that aims to create a community of developers, entrepreneurs and companies that are engaged in blockchain technology.
Speaking of, blockchain has been making big news on our DC Forecasts crypto news site – and making constant leaps forward – especially in the gaming industry. As of recently, the Ethereum-based digital asset tokenization startup Enjin noted that it will launch a Software Development Kit for the leading game development engine Unity – which will allow Unity developers to create, integrate and manage the distribution of tokens that are compliant with the ERC1155 standard on the Ethereum blockchain.
Previously, the blockchain company HashCash Consultants announced a partnership with a Australian video game developer, rolling out its white label cryptocurrency exchange and tokenization services in this industry.
Blockchain For Timepieces: World’s Oldest Watch Manufacturer Gets Involved
“Blockchain certification serves to avoid paper authentication, which can easily be forged,” the company said in a press release.As the latest cryptocurrency news show, Vacheron Constantin will use blockchain tech to integrate additional information in the certificate - as well as a complete history of the product and manufacturer. The blockchain for timepieces initiative will apparently help and fight counterfeiters while guaranteeing authenticity of the watches as well as protecting the customers from purchasing fake ones.
“[Blockchain] makes it possible to create a forgery-proof digital certificate of authenticity, which follows the watch throughout its life, even if that involves several changes of owner. A unique number is thus assigned to a unique object, making the two inseparable and securing data relating to the property, value, nature and authenticity of the timepiece," the company said in an official statement.Vacheron Constantin is however not the first big manufacturer interested in blockchain for as a technology and featured in the coming altcoin news. Earlier this year, the major global fiber producer Lenzing announced that it will implement blockchain and bring more transparency to its fiber supply chain, launching a traceabilit platform in 2020 as the company reports showed.
"Founded in 1755, Vacheron Constantin will begin using Blockchain immediately with timepieces in its Les Collectionneurs program. Now each of the vintage watches, which have been patiently tracked down by the maison’s heritage specialists and restored to perfect working order before being sold at special events at their boutiques, will be sold with a paper certificate of authenticity along with an incorruptible digital certificate," the news concluded
Margin Trading Service Soon Available On Binance Crypto Exchange
Robinhood Brings Zero-Fee Crypto Trading App To New York Investors
“Currently, you can invest in seven cryptocurrencies on Robinhood Crypto: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, Ethereum Classic, Litecoin, and Dogecoin. You can also track price movements and news for those and 10 additional cryptocurrencies.”Crypto enthusiast has avoided going to New York because the state has a very stringent regulations system for the crypto sector. For some, BitLicense is a classic move of regulation-before-innovation which is a law that creates an unnecessary burden for small startups by making them go through expensive procedures. For example, there is a $5,000 fee to NYDFs with no approval guarantee as well as the $45,000 worth of legal paperwork as it was revealed by one of the BitLicense applicants Coinsettler Jaron Lukasiewicz in 2015. Costs like these have influenced many New York startups to find a place with a friendlier crypto climate such as California or even European countries such as Switzerland. At the same time, crypto startups that managed to build a financial foundation for themselves, now are trying to find a comfortable place while entering New York. As mentioned in the altcoin news previously, Robinhood is the 10th company in a period of four years that received a BitLicense. According to the vice president of product Josh Elman, this decision to go into Wall Street is ‘’a crucial next step.’’:
“We’ve introduced millions of people to equity investing on Robinhood, and want to do the same for everyone interested in crypto.”The Fintech startup now has six million users around the US and by entering New York Robinhood plans to add a few million more. Their networth reached $5.6 billion after the last funding round that closed in March 2018. In the meantime, Robinhood managed to raise about $539 million capital so far.
Samsung Pay Gets Ready For Crypto Integration: Report
“Samsung Electronics appears to be moving to integrate cryptocurrencies to Samsung Pay, which accounts for 80 percent of the South Korean simple payment market. The company has recently transferred the blockchain task force (TF) of the mobile business division to the service business division.’’Previously in 2018, the Korea Herald reported that Samsung Pay made a 58 percent increase in its users base. The industry tracker WiseApp found that the platform was mostly used as a financial application in late 2018 where more than 10.4 million users got their hands on it. In 2017, the platform had about 6.6 million users which make an incredible step forward for Samsung. The 10 million users represent the 20 percent of the entire South Korean population and the platform has also thousands of users around the world that use the application because of its technology called magnetic secure transmission. This technology enables users to transact at a conventional point of sale terminals. Now, the strategy of Samsung Pay is to make sure that a niche market is secured and will expand its user base even further. Samsung already integrated a crypto wallet-the Samsung Blockchain Wallet back in February along with its Samsung S10 device which allows users to send, receive and hold cryptocurrencies in the built-in wallet. The South Korean altcoin news outlet Donga noted:
‘’Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market.’’With reports suggesting that the tech giant is considering the possibility of launching a blockchain network, it is expected that Samsung will continue to march forward to target the rapidly growing sector. Under the leadership of the current vice president of the business division Kim Yong-Jae, the blockchain task force at Samsung has started new other crypto projects.
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