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Cryptocurrency

Global Gaming Marketplace Kinguin Partners With Immutable X

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Offering 10 Million Gaming And esports Customers Access To The Most Advanced Platform For NFTs

Immutable X, the first layer-2 scaling solution for NFTs built on Ethereum, forms a partnership with Kinguin, a leading global video games marketplace, with over 10 million registered users. Both companies share a vision to create a new lightning-fast, low-cost, and eco-friendly NFT marketplace for gamers.

NFTs are essentially an evolution of digital ownership, a concept already familiar to gamers. Early NFT projects largely consisted of static images and art, while innovations in the space have led to the proliferation of dynamic digital collectibles, including trading cards, digital art, and other in-game items.

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Unlike digital items of the past, the minting of digital collectibles in the form of NFTs enables verifiable ownership, uniqueness, and scarcity. NFT game items cannot be taken away from you by game developers, and can be sold for real money. The top NFT-centric projects, including popular games like Gods Unchained, Axie Infinity, and Aavegotchi, have experienced explosive growth, producing over $750 million in secondary sales volume in Q1 of 2021.

The Kinguin team is aiming for technical excellence in the build-up to their NFT offering that will include NFT Gaming Cards and more blockchain products in parallel to their existing digital marketplace, focused on games and software. Working closely with partners, game developers, influencers and gamers, Kinguin will welcome customers to the world of NFTs in a way that feels familiar and is easy to use from day one. Kinguin’s influence in the esports world spans from sponsoring major Counter Strike leagues, and they are well known for their Kinguin Esports Performance Center and Kinguin Esports Lounge in Europe.

“We are excited to partner up with Immutable X to bring innovative NFT offerings to gamers and eSports enthusiasts worldwide. We see the ultimate value in creating new rich experiences and functionality to these global communities”, said Viktor Romaniuk Wanli, Founder and CEO at Kinguin.

Immutable X was created by Immutable, the team behind one of Ethereum’s highest-grossing trading card games, Gods Unchained. It is the first layer-2 solution for NFTs on Ethereum, solving for all three issues related to NFT scaling: accessibility, scalability without compromising user custody and true decentralization.

Immutable X launched in Alpha this March and aims to unlock digital economies at scale by enabling NFTs to be traded, earned, shared, gamed and collected completely gas-free and securely with the power of ZK-rollup technology by StarkWare.

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“Kinguin comes in with massive marketplace building knowledge, structures and experience, and we’re very excited about the unique trading experiences that they’ll be able to create and scale on Immutable X”, said Robbie Ferguson, co-founder of Immutable.

After observing and analyzing the NFTs industry for the last couple of years, Kinguin decided to introduce new structures, allowing the brand to enter the NFT market. Their goal is to leverage the existing ecosystem and enable their clients and partners to create unique NFT collections and trade them on the most advanced platform on the market.

“It is a natural next step for Kinguin, as our digital marketplace will expand its offering, according to the needs of our customers and incentivize them with new bounties and special deals built using NFT tokens”, added Viktor Romaniuk Wanli, Founder and CEO at Kinguin.

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Cryptocurrency

Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe

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As the European crypto community prepares for the implementation of the MiCA, Kyrrex is organizing an online X panel to discuss the potential impact and future trajectory of the industry under this new regulatory framework.

The panel “Is MiCA that Bad? The Future of Crypto in Europe,” will take place on November 14, 2024, at 12:00 CET on X Spaces.

This event aims to offer an in-depth examination of the challenges and opportunities that MiCA presents, drawing on the expertise of industry leaders and stakeholders.

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Key speakers for the discussion include Mike Romanenko and Kevin Plumpton from Kyrrex,

Tomer Warschauer Nuni from Kima Network, Andrea Zapparoli Manzoni from H4ckManac, Thanos Tsavlis from Cyberscope, and Anoop Nannra from Trugard Labs. Their insights will help attendees understand how MiCA may reshape the crypto landscape and what this means for different segments of the market.

“As MiCA ushers in a new regulatory era for the crypto industry, open discussions are crucial for navigating this transition effectively. By bringing together voices from various sectors, we aim to foster a deeper understanding and proactive approach to the opportunities and challenges ahead,” said Mike Romanenko, CVO & co-founder of Kyrrex. “Engaging in conversations like these helps ensure that the community is informed and prepared for the future of crypto in Europe.”

The panel will be structured to encourage interaction and participation, allowing attendees to submit questions and engage in a discussion with the panel. Topics are expected to include compliance, innovation, and strategies for navigating the evolving regulatory environment.

This event offers professionals, enthusiasts, and stakeholders an opportunity to gain a clearer perspective on what lies ahead as MiCA begins to take effect. It will also provide a space for dialogue and knowledge-sharing, fostering a greater understanding of the potential impacts on the crypto sector in Europe.

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Panel “Is MiCA that Bad? The Future of Crypto in Europe” details:

  • Date: November 14, 2024
  • Time: 12:00 CET
  • Platform: X Spaces

The post Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe appeared first on European Gaming Industry News.

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Cryptocurrency

SCCG Management Announces Sponsorship Partnership with Hoppa! Card

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SCCG Management, a leading advisory firm in the global gaming industry, has announced a sponsorship partnership with Hoppa! Card, a pioneer in crypto payments and banking solutions. This collaboration is set to revolutionize the payment landscape for the gambling industry with a strong focus on crypto technology, leveraging SCCG’s extensive ecosystem of over 120+ client partners and its global presence across all major regions.

Through this partnership, SCCG Management will support Hoppa! Card in delivering their innovative crypto payment and banking solutions to a wider audience within the gaming industry. The synergy between SCCG’s expansive network of client partners and Hoppa! Card’s cutting-edge financial technology aims to enhance the efficiency and security of managing complex payment needs in the gambling sector.

Hoppa! Card’s flagship products, including the Exclusive Global Soft KYC High Limit Crypto Offramp VISA Card and the Unique Payment Gateway, are designed to meet the most challenging payment requirements. The VISA Card offers high limits and the highest possible privacy standards with anonymous cards, ensuring global accessibility with both virtual and physical card options. The Payment Gateway provides seamless processing for various crypto and fiat transactions, eliminating chargebacks and non-acceptance of cards, while catering to all gaming licenses and jurisdictions.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Partnering with Hoppa Card allows us to provide our clients, as well as our global network of operators and platform providers, with crypto-focused payment solutions that are crucial in today’s fast-evolving gaming industry. Their innovative products align perfectly with our mission to drive strategic growth and maximize revenue for our partners.”

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Igor Lavrih, CEO of Hoppa Card, said: “We are excited to kick off the partnership with SCCG, merging our payments expertise with their deep market insights to explore new opportunities and drive innovation. We look forward to the synergies our partnership with SCCG will bring forward, delivering unique payment solutions in the gaming industry to an array of growing and established businesses.”

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Compliance Updates

Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety

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Fintech crypto company Payhound has selected Chainalysis, the blockchain data platform, to safeguard operations from exposure to malicious activity and uphold strict compliance standards.

With a strong commitment to combating illicit activities and a regulatory obligation to safeguard its customers, Payhound has chosen Chainalysis as part of its compliance and risk management strategy. This collaboration underscores Payhound’s dedication to maintaining top-tier regulatory compliance and security standards within the industry.

Chainalysis is leading the way in establishing a safe global economy built on blockchains through its blockchain data platform, which assists businesses and governments in making informed decisions and protecting their customers. By implementing Chainalysis solutions, companies gain access to a suite of investigation, compliance and risk management tools.

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Michele Santulin, Regional Director Mediterranean Area at Chainalysis, said: “In today’s crypto market, where trust is key to success, companies like Payhound need to take advantage of blockchain’s built-in transparency and use advanced blockchain analysis solutions to maintain strict adherence to regulations, protect their brands, and last but not least, offer reliable services to their customers. We are thrilled to support Payhound in that mission.”

Elton Dimech, Managing Director at Payhound, said: “Chainalysis is an invaluable resource for companies such as Payhound. Their forensic data and analytical approach, allowing for continuous crypto transaction monitoring, has proven indispensable in an effort to adhere to our own AML and Compliance obligations.”

The post Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety appeared first on European Gaming Industry News.

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