Small Love Potion (SLP) price doubles as Axie Infinity user growth explodes.
Rapid expansion in the Axie Infinity ecosystem and a parabolic rally from AXS triggered a 100% surge in the price of SLP. Small Love Potion (SLP), a token in the Axie Infinity ecosystem that is minted through gameplay as a reward to users, also broke out with a triple-digit gain. SLP can then be used as a currency to breed Axies, which are nonfungible token-based creatures that populate the Axie Infinity world. Data from Cointelegraph Markets Pro and TradingView shows that the price of SLP surged 102% from $0.127 on July 1 to a weekly high at $0.257 as new users flood into the play-to-earn digital battle pet game and drive the revenue of the Axie Infinity ecosystem to new highs.
New users drive up demand for Axie breeding
The success of SLP depends in large part on the overall growth and adoption of Axie Infinity, which has seen a significant uptick in new users since the protocol migrated to the Ronin sidechain of the Ethereum network at the beginning of May.
A recent report from Delphi Digital highlighted that interest in the Axie ecosystem has grown at an “exponential rate since the launch of Ronin,” with the biggest growth seen in the Phillippines, Venezuela, Cuba, Qatar and the United Arab Emirates beginning near the end of April fuente.
This VeChain Partnership Will Enable VET Holders To Buy On Ebay, Amazon And Others.
The VeChain Foundation has announced a partnership with Shopping.io, an e-commerce platform of international scope that has been integrating crypto payments. From today July 9th, consumers can use VET tokens to purchase at Amazon, eBay, Walmart, and Etsy.
In addition, VET holders can benefit from a 2% discount on all items, from electronics, novelty, everyday items, and more. The discount will be available for the next two weeks as of today. Arbel Arif, founder, and CEO of Shopping.io said the following on its cooperation with VeChain.
VeChain is an absolutely huge accomplishment for shopping.io because of their passionate community and longevity in the space. We are excited to see what more the future might bring through this partnership.
This crypto onboarding platform is amongst the few that allow its users to take their cryptocurrencies for online shopping. In addition to VET, Shopping.io offers its consumers “hundreds of different tokens”.
The platform has two native tokens of its own called $SPI and $GSPI. This can use while purchasing to receive further discounts. According to an official post, the company:
(…) believe in the power of absolute freedom when it comes to E-commerce and changing the industry for the better, forever. One purchase at a time.
VeChain (VET) Makes Its Way To The High Table As It Gains More Relevance In China
The VeChain foundation has been announcing important partnerships recently. This included e-commerce, environmental, and other sectors. The organization was part of the Food Safety Summit of the China Animal Health and Food Safety Alliance (CAFA) on July 7, 2021. fuente
Power Ledger is migrating its blockchain from Ethereum to Solana.
As per the announcement, staking will be available to all POWR token holders.
The Australian firm shares that it’s faster than before and supports higher transactions.
Today, Power Ledger announced the migration of its Powerledger Energy Blockchain from Ethereum to Solana. The platform is an Australian energy trading company. About the move, the firm shares that SOL is much faster than ETH and can support higher transaction throughput fuente.
Cartesi Showcases the Potential of Blockchain Gaming with Decentralized Poker.
Away from the ever-increasing DDOS attacks, server outages and cheating in the online gaming world, Cartesi’s tech cannot be taken offline or manipulated
The gaming industry is predicted to be worth over $256 billion by 2025 and, as millions of users around the globe play against each other in almost every way imaginable, more hours are spent gaming online than ever before. But the massive centralized game servers that store and control everything that keeps the games alive have unfortunately proved to be increasingly unreliable; server outages, security breaches and physical fires at some of the largest server farms have seen countless hours of downtime and millions of dollars worth of purchased and earned in-game items lost forever fuente.
Nifty’s Inc. launches social NFT platform with Warner Bros. partnership.
The debut of Nifty’s social NFT platform came with much fanfare on Monday after the company announced a major partnership with Warner Bros. and $10 million in seed investments from some of blockchain’s biggest venture firms.
Through its Warner Bros. partnership, Nifty’s will launch a collection of limited-edition NFTs featuring characters from the upcoming movie Space Jam: A New Legacy, the company announced Monday. The movie will be released in theaters and for streaming on Friday, July 16 fuente.
Polygon Partners with Community Gaming to Enable Scalable Esports Tournaments.
Built for grassroots tournament organizers, Community Gaming’s platform makes it simple to create custom esports tournaments in under 5 minutes with preconfigured payments. Without any background knowledge of how wallets or smart contracts work, tournament organizers on Community Gaming can now seamlessly deploy their esports tournaments onto the Polygon network, allowing for instant player payments.
The Polygon team has built the premier Ethereum scaling solution now with over 5M daily transactions and 800k unique users. They have combined multiple L2 scaling approaches to combat the current stress on Ethereum’s Mainnet as we continue to see record high usage and volatile transaction fees.
Among the first tournaments deployed to the Polygon Network on CommunityGaming.io were a Gods Unchained tournament and an Axie Infinity tournament. Thousands of players are competing each month for prize pools denominated in tokens like ETH, MATIC, and USDC. fuente.
