The blockchain platform rewards players for playing triple-A titles
Cryptocurrency
A London-based company rewards players for playing triple-A titles using its blockchain platform.
fruitlab empowers content creators to build a community and earn by playing their favorite games, hosting head-to-head challenges, sharing content and viewing other members’ content.
Fortnite, Apex Legends and PUBG are all connected to the platform, with more titles to follow. The platform has more than 100,000 monthly users.
fruitlab started with a content and social media platform in 2018 and has grown exponentially. The platform is underpinned by fruitlab’s own crypto token, PIP, which has seen five billion transactions to date.
“We are here to disrupt the norms of the game. For too long, content creators, gamers and game developers have not been able to monetize their content or monetize it in a fun and fulfilling way, said Cameron Leslie, CEO.
“Our new platform changes that. With fruitlab you can play and earn – in an entertaining environment and, most importantly, community of like-minded players.
“The growth of social media platforms has led to disillusionment with fair monetization, as most platforms capture 95%+ of the economic value created. The lack of community-focused platforms for gamers currently requires multiple services, which is why we created fruitlab to weave together all elements of social media in one place and to democratize.
“We’ve seen the overwhelming demand for a member-owned network, today’s launch of fruitlab answers that demand. We’re excited to grow our community and lead the way for Web 3.0 gaming.”
In Crypto: Revolut finally wins full crypto authorization
Cryptocurrency shorts
QQL, a collaborative generative art experiment, raised nearly $17 million in a coin Wednesday afternoon. A collaboration between visual artist Tyler Hobbs and Dandelion Wist, co-founder of generative art platform Archipelago, the QQL algorithm is available for anyone to use – but only mint pass holders can turn their creations into official NFTs.
Circle will roll out its USDC stablecoin across five additional blockchain networks: Polkadot, Optimism, NEAR, Arbitrum and Cosmos.
Circle has teamed up with TBD – the bitcoin-focused subsidiary of Twitter co-founder Jack Dorsey’s Block – to bring cross-border dollar-linked stablecoin transfers and savings to investors globally.
Banking system SWIFT has partnered with Chainlink to work on a proof-of-concept project that will give traditional financial firms the ability to trade across blockchain networks.
Coral, behind Solana’s development framework Anchor, has closed a $20 million funding round led by FTX Ventures and Jump Crypto, and includes Multicoin Capital, Anagram, K5 Global and Frictionless. It will soon launch its first flagship product, Backpack, a Web3 wallet that allows users to access crypto-native apps through executable NFTs.
Matthew Ballensweig, CEO of cryptocurrency broker Genesis, has stepped down and entered an advisory role.
eukhost managed web hosting: Everything you need to know
Crypto prices
The combined market value of the more than 21,100 coins is at 940 billion dollars at the time of writing (7am UK), an increase of 2.2% in the last 24 hours.
For summaries of the latest developments in cryptocurrency news, click here.
For valuations of the top 100 coins by market cap in US dollars, plus 24-hour price change, see below.
