NEW YORK, March 2, 2022 /PRNewswire/ — FTX, one of the largest cryptocurrency exchanges in the world, is launch a new team called FTX Gaming that focuses on the adoption of crypto and non-fungible tokens (or NFTs) in the gaming world. According to an FTX spokesperson, the company is launching a “crypto-as- a-service” through which tokens can be launched and support for in-game NFTs. The exchange’s new gaming-focused team is just another example of the continued drive to introduce products based on blockchain in the gaming space. Companies like WonderFi Technologies Inc. (NEO:WNDR) (OTCPK:WONDF), Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF), DeFi Technologies, Inc. (NEO:DEFI) (OTCPK:DEFTF), Hive Blockchain Technologies (NASDAQ: HIVE) (TSXV: HIVE), and Riot Blockchain, Inc. (NASDAQ:RIOT) are also part of the industry-wide initiative to increase adoption of DeFi in more sectors.
WonderFi Technologies Inc (NEO:WNDR) (OTC:WONDF) reported rapid user growth within the WonderFi community with a total of 600,000 users as of February 28, 2021. Through the acquisition of Bitbuy, WonderFi plans to bring 389,000 users into the ecosystem.
Since his January 25 launch, WonderFi’s app had over 25,000 unique visits and average daily visits increased by 423% each week. Similarly, Bitbuy saw a 58% increase in new user registrations in Q4 2021 compared to the previous quarter.
WonderFi will bring NFT support to the app in 2022 with the aim of bridging games and cryptocurrencies after the Sun Machine acquisition closes. The company aims to inspire more and more users to adopt blockchain technology by adding new products and integrated solutions to WonderFi.
Ben Samaroogeneral manager of WonderFi commented : “In a very short time, we have reached over half a million users and we are focused on offering a diverse set of high-quality products to these users. The strong synergies between CeFi, DeFi, games and NFTs provide us with a tremendous opportunity to continue to grow our user base and increase the value of the WonderFi ecosystem.”
WonderFi also recently announced the launch of a new divisionWonderFi Interactive Inc., which will help expand the product line WonderFi play-to-earn and NFT game offers. Additionally, the new division will provide users with a new gateway to the WonderFi ecosystem.
The company also announced its new acquisition of Sun Machine Entertainment Inc., a game development studio that owns Go BIG! franchise, available for Android and iOS. The game brings together about 200,000 users of both operating systems in the WonderFi ecosystem. The new WonderFi Interactive division will include Go BIG!, celebrity NFT integration and new game development by 2022 with the aim of attracting more gamers to the WonderFi ecosystem.
The company has significantly expanded its reach through its partnership with Kogan.com, to 3.3 million expected potential customers. WonderFi believes that Kogan.com Limited, one of the largest and most popular online retailers in Australia and New Zealandwill provide Support for WonderFi Technologies Inc. to drive international expansion and user growth.
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Boom times for DeFi
Voyager Digital Ltd. (TSX:VOYG), one of the fastest growing cryptocurrency platforms in the US recently announcement its revenue and user metric for the second quarter of fiscal 2022. Revenue was $164.8 millionup more than 4,400% compared to $2.5 million in the fourth quarter of 2020. The company intends to launch an NFT product and wallet, to simplify the viewing, acquisition and custody of NFTs for the Traveler customers.
Riot Blockchain, Inc. (NASDAQ: RIOT)a leader in Bitcoin mining and hosting reported on February 4, 2022 it’s january operations updates. The company forecasts self-mining hash rate capacity of 12.8 PE/s by Q4 2022 and provided an update on its infrastructure expansion. riots The 400MW expansion will include a second immersion-cooled building, next to Building D, which is a state-of-the-art, air-cooled Bitcoin mining building.
Hive Blockchain Technologies (NASDAQ: HIVE) (TSXV: HIVE), a technology stock focused on growth in the emerging blockchain industry, just announcement production numbers from its global Bitcoin and Ethereum mining operations for January 2022, of which 264 BTC produced, 1.87 Exhash of BTC mining capacity, 2170 ETH produced and 4.56 Terahash of ETH mining capacity. The company also revealed a BTC HODL balance of 2,043 Bitcoin and 25,404 Ethereum as of January 31, 2022.
DeFi Technologies, Inc. (NEO: DEFI) (OTC: DEFTF) to the intention of launch an Exchange Traded Product (ETP) with SEBA Bank AG, a fully integrated FINMA-licensed digital asset banking platform. The joint initiative will offer crypto asset investment solutions for institutional and retail clients. It will also expand the company’s reach into more markets and with significant institutional capital.
Banks have long been the only financial intermediaries available, setting rules that dictate who can participate and who cannot. WonderFi Technologies Inc (NEO:WNDR) (OTC:WONDF) seeks to use technology to change games, finance and decentralized tools.
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