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This unknown play to earn games could have significant potential

Play to earn is by far one of the most exciting new frontiers in crypto. After the massive success of Axie Infinity, newer more exciting projects in play to earn are steadily coming out. But why would you even consider this niche? Here are some reasons:

  • Play-to-earn games are now combining NFTs as part of the process.

  • The rise of augmented and virtual reality could make a play to earn games bigger.

  • A lot of institutional investors are also checking out P2E games as future investments.

Well, for those of you looking for small and relatively unknown P2E games in crypto, the list below should be ideal:

Thetan Arena (THG)

Thetan Arena (THG) calls itself an eSport-based game that combines multiplayer functionality and virtual reality. It allows users to form teams and battle other teams for in-game rewards.

Thetan Arena has so far managed to attract over 23 million users. It also remains significantly undervalued, with a market cap of less than $30 million.

Pegaxy (PGX)

Pegaxy (PGX) is a small and relatively under-the-radar play-to-earn game that allows players to earn and create real value from the game. The blockchain game is free to play and largely involves mech horse racing within a metaverse. 

Pegaxy uses a dual token system. On the one hand, there is the PGX which is the main governance token for the platform. There is however another in-game utility token called VIS. As of now, Pegaxy has a market cap of less than $3 million.

Alien Worlds (TLM)

Alien Worlds (TLM) is more of an NFT-powered metaverse that includes a P2E gaming element. The platform allows users to earn NFT rewards as they compete in a simulated virtual economy through various planetary worlds. So far, the project has seen its market cap rise above $50 million, and more growth could still come in the future.

The post This unknown play to earn games could have significant potential appeared first on Coin Journal.

Central Bank of Chile Studies Issuance of a Digital Currency

The Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the possibility of the creation of a central bank digital currency (CBDC) in the future, the mechanism it::Listen

Bank of Chile

The Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the possibility of the creation of a central bank digital currency (CBDC) in the future, the mechanism it might use, and how it will consult all sectors of the economy on this issue.

Central Bank of Chile Considers CBDC Issuance

More banks in Latam are considering the issuance of their own central bank digital currencies (CBDCs) to take advantage of the different opportunities they might present. The Central Bank of Chile has just issued a new report studying the opportunities and drawbacks that the issuance of a digital peso might bring. The report, titled “Issuance of a Central Bank Digital Currency in Chile,” also studies the different forms that such a currency might take.

The document, authored by the payments group of the bank, was “framed in a context of increasing digitization of payments, which has been driven by rapid technological progress and the incorporation of new instruments and players in the payment market.” In this sense, the report concluded that:

The issuance of a CBDC would enable the benefits associated with digital transformation to be enhanced, while mitigating some of its risks. In particular, a CBDC could contribute to the development of a more competitive, innovative, integrated, inclusive and resilient payment system.

The report also calls for further analysis of the cost-benefit balance of issuing such a currency.


More Studies Needed

While many central banks in the world are studying and investigating the issuance of digital currencies, not many have moved to the execution phase. The document calls for more analysis and studies in this regard, as there are virtually no standards or best practice guidelines about how to proceed with the construction of such a project.

Digitization of the currency could also cause unforeseen negative impacts on the national economy, so any implementation in the future would have to be “carefully analyzed.” However, the central bank considers that this is the time to face this task and start working on its technical capabilities, and advance in the development of projects directed to test different implementations of the currency.

The bank also stated it will keep consulting and maintaining an open dialogue with all the institutions in the economic area. Brazil and Mexico are other countries in Latam also working to establish their own CBDC.

What do you think about the report issued by the Central Bank of Chile? Tell us in the comments section below.

This unknown play to earn games could have significant potential

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