The R Roundup: NFL Goes Blockchain Gaming — Issue #86
Blockchain gaming has been touted as the digital asset industry's route into wide-scale adoption. With NFL exploring this, are we that far?
In collaboration with Mythical Games, NFL launched a mobile native blockchain-based game called NFL Rivals. Mythical secured the licensing from the NFL to emulate an authentic gaming experience on the blockchain.
Rivals includes animated versions of NFL players without displacing the already successful NFL game Madden. The game is available on App Store and Google Play, where users can buy, collect & trade NFTs in return for special events or in-game rewards.
“ Collaborating with Mythical Games and the NFLPA to produce an innovative gaming experience such as NFL Rivals is a testament to the NFL’s success in the world of Web3 gaming” — Ed Kiang, VP of Gaming At NFL.
Plot Twist, Terra Is NOT A Security🌕
Regulators have used Terra as the perfect example of why crypto is a threat; however, an unexpected verdict from South Korea raised questions.
Following an SEC ruling during the early stages of 2023, $LUNC was classed as a security as a contagion of imploding billions from the market. South Korean prosecutors ruled that the token is indeed not a security.
Co-founder Daniel Shin’s was reportedly going to have his assets seized; however, due to the latest verdict, the court rejected this despite requesting to do so.
“ It is difficult to see $LUNC as a financial investment product regulated by The Capital Markets Act “ — Seoul Southern District Court.
Dormant $BTC Whale Awakens🐳
Bitcoin whales can manipulate the markets with any single movement, and this week another Bitcoin whale wallet has transacted 400 $BTC ($11m) despite going 12 years without a single transaction.
An estimated 600 $BTC remains in the wallet; however, this awakening coincides with a number of different dormant wallets also showing activity despite decades of inactivity.
Bitcoin & Crypto Framework Lands In Hong Kong🇭🇰
The rise of crypto in the East has been evident in 2023. Hong Kong is on the frontline of that rise and has taken on step further.
The Securities Futures Commission is reportedly set to release crypto exchange licensing guidelines in May 2023. This will assist crypto platforms in providing retail trading services to investors.
Following the recent recognition of crypto as a property, there seems to be a collective effort to push Hong Kong’s narrative of a crypto hub much faster than initially expected.
“ Hong Kong is well-positioned to be a leading hub for Asia and beyond, and we attach great importance to virtual assets and Web 3 “ — Christoper Hui, Secretary for Financial Services & the Treasury.
A Week With RR 🗓️
Catch up with all the content we have published in the past week!
Does Age Define Excellence? In Tech, Certainly Not. Eric Zhu, A Founder At 15, Joins Us To Discuss His Story. Check It Out👇
As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.
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