Dunn, Pierre, Barnett & Company Canada Ltd

Reported by MarketNews: UFO Gaming, the decentralized gaming platform bridging traditional games onto the blockchain, has officially hit a $1 billion market cap. The gaming company continues to experience a rise in demand and has even been compared to competitors Axie Infinity in expert projections of success.

Despite being down from the price high, UFO Gaming ($UFO) tokens have gained over 150% in the last two weeks. CoinGecko data shows that UFO's value has jumped over 15,000% from its launch in July, from $0.00000035 to $0.000054. This is a notable achievement for a token that launched just earlier this year and is yet to release its debut game, Super Galactic in Q4 2021, showing it has plenty more in the tank.

PERFORMANCE OF UFO GAMING:

In the three months since launch, UFO Gaming token has performed extremely well. 

UFO Gaming Growing Rapidly

In the short time since they've launched, the team behind UFO Gaming have already established themselves as serious players in the GameFi space. They recently announced themselves as Technology Sponsors of ChainLink's prestigious Fall 2021 Hackathon, alongside industry leaders such as GoogleCloud, EY, and FileCoin.

Additionally, the gaming company made headlines recently for becoming the first-ever P2E platform to host an E-Sports tournament, hosting an Apex Legends Tournament that featured Twitch streamers Apryze and Nokokopuffs and had a significant $10k cash pool at stake. 

The Future of Gaming

Having accomplished one of their major goals for the year, UFO Gaming has wasted no time in setting their sights on bigger and better. With a few prestigious partnerships already under their belt, the team continues to target AAA studios to develop highly playable games as well as its Dark Metaverse with tangible value for their players.

The company's debut game, Super Galactic, features RPG-style gameplay and allows players to generate in-game assets, such as skins or weapons, which can be used within quests. Gamers can additionally purchase Virtual Land, treated as NFTs in the game, staked to earn rewards from the game's revenue.

With so much yet to be uncovered (Super Galactic, Metaverse, NFTs, Tournaments and more), the $1 billion market cap has been successful in capturing the attention of industry veterans and P2E gaming enthusiasts alike. If past success is anything to go by, UFO Gaming will be a token to watch for the year ahead and the best is yet to come.

UFO is now ranked the 107th cryptocurrency by market capitalization, with a total valuation of over $1billion.

About UFO Gaming

UFO Gaming is an independent gaming company, developing blockchain games within an ever expanding ecosystem. Players come together to create their own clans, own and trade virtual land, and earn NFTs and cryptocurrency, all within the Dark Metaverse.

UFO Gaming seeks to bridge the gap between blockchain and traditional mobile and PC games, offering unprecedented player opportunities within the P2E realm. The Dark Metaverse is a closed loop ecosystem that will consist of P2E games with breedable, in-game NFTs that allow users to receive revenue. By utilizing the decentralized mechanics of blockchain, UFO Gaming enables any player to earn while playing, creating a new paradigm in the gaming industry.

Gala Games, the successful blockchain gaming platform, today announced the launch of a $100 million blockchain gaming fund in partnership with C² Ventures, a new crypto investment firm founded by Ciara Sun, the former Head of Listings and Blockchain Investments at Huobi Global.  The joint fund will invest in game developers and emerging projects building with blockchain technology, including but not limited to play-to-earn, GameFi, metaverses, and other decentralized gaming solutions.

"As an industry, blockchain gaming needs a clear and concise way as a whole to be accessible to a massive audience," said James Olden, Chief Strategy Officer at Gala Games. "Through our new fund with C² Ventures, we aim to support a new class of developers who can build genuinely entertaining games powered by blockchain technology to millions."

In addition to funding, portfolio projects will receive guidance, including NFT and pre-sale strategies, token design, in-game economies, marketing and community engagement, monetization and distribution support, and P2E economies and development, from the Gala Games and C² Ventures teams.

The launch of the blockchain gaming fund marks the first venture fund for both Gala Games and C² Ventures. Sun recently founded C² Ventures after heading up the listings and blockchain ventures team at Huobi Global, one of the world's leading digital asset exchanges.

"While at Huobi, I learned the ins and outs of working with emerging projects and bringing new, innovative projects to market," said Ciara Sun. "With Gala Games by our side as a trusted collaborator, we look forward to finding and nurturing the next great blockchain gaming projects and helping them build worldwide communities."

Gala Games recently selected Huobi Global as its Preferred Exchange Partner. Huobi Global will provide its expertise, advising Gala projects on marketing, community building, and other core components of Web3 growth, as well as work closely with teams to streamline future token listings. Gala Games listed its GALA token on Huobi Global in November 2021.

Gaming is the fastest-growing form of entertainment in the world—double the size of film and music combined. According to research firm DFC Intelligence, nearly 40 percent of the world's population is gamers. With global gaming revenue expected to reach $200 billion in 2024 (Newszoo), the space is ripe with growth thanks to the popularity of in-game purchases or microtransactions. Now, a whole new era of player ownership is being ushered in with the advent of blockchain-backed in-game assets.

About Gala Games

Founded by Eric Schiermeyer, the co-founder of Zynga, Gala Games is a video game company that uses blockchain as an integral part of its tech stack. Launched in 2019 and powered by the world's largest independent node network, Gala Games has been built to give power to the gaming community. As the first blockchain gaming platform, Gala Games has created an ecosystem where players can own their assets and be rewarded for their participation.

Gala Games is a company that makes blockchain games you want to play. Using blockchain technology to create play-to-earn economy models that take gaming incentives and rewards to new heights.

About C² Ventures

C² Ventures is a multi-chain crypto investment firm led by Ciara Sun, the former Head of Listings and Blockchain Investments at Huobi Global. Sun has rich experience in strategic consulting and corporate management working across multinational consulting companies such as Boston Consulting Group and Ernst & Young. C² Ventures takes a chain-agnostic approach, making early-stage investments across all major layer 1 and layer 2 ecosystems. C² Ventures is focused on empowering builders with the capital and operational expertise to build and scale the next generation of Web3 and metaverse applications.

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Request Finance helps freelancers and small businesses to simplify their life by invoicing their customers or accepting payments in crypto.

PAYMENT OPTIONS SUPPORTED BY REQUEST FINANCE:

The list of payment options supported by Request Finance continues to grow every month. Freelancers, SMBs and organizations can already send and receive payments in 40+ cryptocurrencies and stablecoins, 9+ fiat currencies, and 10+ blockchains. Which means there are now more ways for people to pay, and get paid in crypto.

"Reaching 1,000 is proof that we're building something people want. We're proud to be working with major players in the web3 and metaverse industry, and we aim at reaching 50,000 web3 builders and creators within 2 years."
‍
Christophe Lassuyt, Co-founder of Request

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IMPROVE PAYMENT COMPLIANCE:

Prior to the pandemic, Atradius, one of the world’s largest credit insurers found that businesses in Asia Pacific had 44.5% of invoices unpaid at their due date, while those in the Americas had 50% of invoices past their due date as of 2018. In contrast, the ratio of unpaid invoices on Request Finance stands at about 31% since it launched in August 2020.

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Cryptocurrency coin and token prices often increase right after being listed on top cryptocurrency exchanges like Coinbase. This phenomenon often driven by retail investors is referred to as the "Coinbase Effect". It is the process of making a narrowly accessible asset available to a larger, liquid and widely accessible exchange and millions of potential investors.

ACCESS EXCHANGE LISTING INFORMATION BEFORE ANYONE ELSE:

To succeed you should access listing announcements before the asset pumps. To help you increase the value of your portfolio, the Pamper Me Network (PMN) now supports cryptocurrency exchange listing alerts.  Sign-up for a free trial.

WHAT RETURNS CAN YOU EXPECT PRIOR TO A COINBASE LISTING?

According to Blockworks.co, in 2020 the average Coinbase listing saw a median return of more than 24% with 90% performing postively.  The median return prior to listing was 7.5% and 43% for the six days between the announcement and the listing.

Chart Source: Blockworks.co

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