business model

Will Video Game Crypto Be the Catalyst for Adoption?

Source Node: https://beincrypto.com/will-video-game-crypto-be-the-catalyst-for-adoption/
Time Stamp: August 1, 2020 6:59 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

-More than one-third of humanity will play video games by the end of 2021. -A number of platforms provide blockchain opportunities not found in traditional gaming. -After several years of failures, blockchain adoption may finally be here. The video game industry may be the natural catalyst to bring blockchain technology into the mainstream. Most experiments have failed so far, but is that about to change? After years of trial and error with Bitcoin, some video game platforms are finding a way to exploit distributed ledger technology. Is humanity witnessing the

Bitfarms Streamlines Workforce As Coronavirus Threat Continues

Source Node: https://insidebitcoins.com/news/bitfarms-streamlines-workforce-as-coronavirus-threat-continues/256829
Time Stamp: April 8, 2020 5:49 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Birfarms, a cryptocurrency mining outfit based out of Canada, would be trimming its staff. This is due to the coronavirus pandemic’s effects on its operations.The company made the decision known in an update published earlier this week, explaining that it will be making some adjustments to the coronavirus amid both its economic and social effects.Focusing on Sustainability and ProfitsVia the update, the company explained to stakeholders and community members that it had optimized its operations to maximize mining power over the past few weeks. As a result, it’s been able

Most of China’s DLT Firms That Closed in 2019 Were Scams or Poorly Planned

Source Node: https://cointelegraph.com/news/most-of-chinas-dlt-firms-that-closed-in-2019-were-scams-or-poorly-planned
Time Stamp: April 6, 2020 6:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Most of the blockchain firms that closed in 2019 were cryptocurrency scams or had deficient business models, according to recent research.Research sent to Cointelegraph by Chinese market research firm EqualOcean on March 26 suggests that most blockchain-backed Chinese businesses that halted their activity last year had major flaws.Short-lived companiesThe report found over 70 blockchain projects that shut their doors last year. Among them over 70% of the projects reportedly did not survive their first year and 30% did not last 6 months. The research reads:“A considerable number of which were

Berkeley Blockchain Xcelerator Director on What DLT Startups Need to Succeed

Source Node: https://cointelegraph.com/news/berkeley-blockchain-xcelerator-director-on-what-dlt-startups-need-to-succeed
Time Stamp: April 1, 2020 9:28 AM - Modified On: August 29, 2021 - Published By:
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Republished By Plato

The Berkeley Blockchain Xcelerator — an incubator for early stage distributed ledger technology startups at the University of California, Berkeley — recently launched its spring cohort, which includes startups seeking to fight COVID-19, launch a cannabis-themed massively multiplayer online game and create a reverse auction platform for loans.Cointelegraph spoke to Jocelyn Weber, the director of the Xcelerator, to find out more about the resources the program offers to startups, success stories from previous cohorts and advice for startups looking to launch in the crypto space.Cointelegraph: Could you give an overview