Connect with us
European Gaming Congress 2024

Blockchain

SideQuest Gamers Hub purchases 50,000 CCT from CC Technology to go carbon neutral

Published

on

Reading Time: 2 minutes

 

Carbon Credit Technology, a blockchain-based climate tech project opening access to the regulated EU Emission Trading System (ETS), partners with leading UK esports group SideQuest Gamers Hub. Through the partnership, SideQuest purchases the necessary amount of CCT tokens needed to offset its entire carbon footprint for its UK operations in 2022.

Sixty-three percent of UK citizens believe businesses should take immediate action to counter climate change. Data from CDP indicates companies with outlined public renewable energy or greenhouse-gas reduction targets improve their competitive positioning and compliance. While many businesses and organizations support taking environmentally-conscious actions like investing in carbon credit markets, a mechanism helping ween the world of carbon, the largest carbon credit marketplace—the EU’s ETS—remains locked to all non-EU businesses and organizations.

The partnership with CC Technology enables SideQuest Gamers Hub, the UK’s largest esports community with more than 75,000 active members, to become carbon neutral by purchasing enough CCT tokens to cover its entire UK operations for a year. CCT is the first and only cryptocurrency backed by European Union Allowance (EUA), the most traded carbon credits in the world, providing access to the EU ETS. CC Technology helps non-EU businesses like SideQuest invest in carbon-reducing initiatives that contribute to the battle against climate change.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

CC Technology leverages blockchain technology to promote an action-based solution to achieve the goal of net-zero carbon emissions by 2050 and recently joined the World Economic Forum’s Crypto Sustainability Coalition. The company purchases carbon credit certificates, which it then tokenizes into CCT tokens on the eco-friendly Algorand blockchain. Each CCT represents one kilogram of European carbon allowances. All tokens were minted at the genesis and will be distributed according to a predefined schedule, enabling retail consumers and small businesses, who have until now lacked access to the EU ETS market, the opportunity to take part.

“We are beyond elated to work with the UK’s largest esports hub, empowering them to become carbon neutral,” says Zhi, Founder and CEO of CC Technology. “It is important for us at CC Technology to collaborate with businesses that genuinely care about the environment and understand the importance of achieving net-zero carbon emissions in the not-too-distant future.”

“We are really impressed with CC Technology’s project, and saw working with them as a great way to become carbon neutral,” says Zhaorong Chen, CEO of SideQuest Gamers Hub. “At SideQuest we aren’t just doing this for good publicity, we are passionate about taking care of the environment, and any initiative we can take to contribute to reducing carbon emissions is worth it.”

Continue Reading
Advertisement

Blockchain

EMERGE Group is Leveraging Sei’s Unique Optimizations to Revolutionize Web3 Gaming

Published

on

emerge-group-is-leveraging-sei’s-unique-optimizations-to-revolutionize-web3-gaming
Reading Time: < 1 minute

EMERGE Group, a leading commercialization partner and Web3 game publishing company, is excited to announce that it will leverage Sei, an open-source blockchain platform and ecosystem, to onboard innovative Web3 games. Powered by Sei, EMERGE Group will use its expertise in Web3 marketing and go-to-market (GTM) strategies to expand the Sei user base and bring in more high-profile gaming projects.

As part of its aggressive expansion into the Web3 gaming industry, Sei is actively seeking quality games to build on its platform. The blockchain platform is offering grants and comprehensive support to help these games succeed from development to launch through Sei’s ultra-fast layer 1 blockchain – currently the fastest chain in the market. By joining Sei, game developers can focus more on creativity and innovation, while utilizing Sei’s secure and efficient blockchain infrastructure to handle technical blockchain complexities.

EMERGE Group is committed to supporting Sei’s vision of elevating the gaming experience by integrating decentralized finance (DeFi) elements and non-fungible tokens (NFTs) into quality games. The Web3 integration will also see EMERGE Group hosting significant Web3 events and leading game publishing efforts to ensure successful launches and sustained growth for games on the Sei platform.

The post EMERGE Group is Leveraging Sei’s Unique Optimizations to Revolutionize Web3 Gaming appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Blockchain

Traderland.io Launches a Fusion of Gaming and Investment Training

Published

on

traderland.io-launches-a-fusion-of-gaming-and-investment-training

 

Traderland.io, an innovative interactive trading simulator gaming universe, has officially launched. The dynamic trading platform offers users the chance to immerse themselves in a socially-driven game landscape while honing their investment and asset-trading skills. Since its initial release, Traderland.io has rapidly gained popularity, attracting over 15,000 users.

Traderland.io stands out by utilizing real-time market data, allowing users to experience an immersive and realistic trading environment. Players can engage in trading activities that reflect live market conditions, providing a true-to-life simulation that enhances their learning experience.

In the Traderland.io universe, players are represented by customizable animated avatars. These avatars enable users to explore various cities within the platform, each offering unique challenges and opportunities. A significant feature is the ability to invest in virtual real estate across eight distinct regions, each with varying price points.

A core element of the Traderland.io experience is its tutorials, which are grounded in real-life trading scenarios. Users can choose to navigate these lessons with the guidance of a coach who is available to answer questions and provide step-by-step assistance.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Traderland.io offers a broad selection of virtual assets for users to trade, including forex, stocks, cryptocurrencies, and futures. By trading these assets, players can gain practical experience and understand the intricacies of different investment vehicles.

The asset prices within the platform mirror actual market fluctuations, allowing traders to observe the impact of their decisions and adapt their strategies accordingly. Players can monitor their gains and losses through a comprehensive dashboard, providing a snapshot of their portfolio’s performance.

One of the platform’s most exciting features is the opportunity for players to engage in trading battles and tournaments against traders from around the world. These competitions not only elevate the excitement but also offer the chance to win real money, adding a tangible reward to the virtual trading experience.

The investment landscape is expanding rapidly, with the cryptocurrency market alone projected to grow to $13.18 billion by 2031. As more investors enter the market, Traderland.io aims to bridge the knowledge gap by educating users about various assets through an engaging, gamified approach. By participating in real-time trading and completing the tutorials, players can enter the investment space with confidence and competence.

Traderland.io is available exclusively through its website, offering a unique and comprehensive trading simulator that combines education, competition, and community engagement.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Blockchain

Rivalry Expands Crypto Native Experience With Token Launch in H2 2024, Web3 Product Enhancements

Published

on

rivalry-expands-crypto-native-experience-with-token-launch-in-h2-2024,-web3-product-enhancements

 

Blockchain-Based Product to Position Rivalry Within Fast-Growing Crypto Gambling Segment, Drive Product-Market Fit Among Digitally Native Bettors with Increased Functionality and User Experiences

Rivalry, the leading sportsbook and iGaming operator for Gen Z, revealed Rivalry Token, a native crypto token on the blockchain to add increased functionality, economics, and user experiences across the company’s product suite, continuing Rivalry’s track record of innovation in online betting. The launch of Rivalry Token, anticipated to arrive in H2 2024, represents one of several forthcoming initiatives to position Rivalry in the crypto gambling market and better serve its core audience of 30-and-under bettors.

“Online gambling is the latest web-based consumer category being increasingly disrupted by blockchain technologies with greater speed, access, and functionality than their legacy counterparts,” said Steven Salz, Co-Founder and CEO, Rivalry. “Tech-savvy bettors are leading a behavioral shift towards more experiential and crypto-enabled gambling experiences that are taking wallet share from incumbents at an accelerated rate.”

“Rivalry is well-positioned to access the growth opportunity in crypto with a proven product set, a brand entrenched in internet culture, and a captive audience of digitally native users that are driving this economic renaissance,” Salz added. “The launch of Rivalry Token, alongside a broader expansion into cryptocurrencies, strengthens our product-market fit among an under-30 audience and positions us competitively to capture a meaningful share of this fast-growing segment of the market.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Rivalry Token will be integrated within Rivalry’s product suite – from sportsbook to casino and more – with built-in properties to enhance the customer experience from end-to-end. Users can earn tokens through site activity such as betting and referring friends, which can be used on Rivalry to boost odds, participate in jackpots, and more to be detailed in the future. Rivalry Token will also be available on several to-be-announced crypto exchange platforms, trading under $RVLRY.

Rivalry Token creates a new dynamic relationship between player and house where every sports wager and casino spin, win or lose, is rewarded with a decentralized asset that can accrue value alongside player activity on Rivalry. The company expects its token will drive a meaningful increase in player engagement, loyalty, and advocacy by establishing more positive economic alignment and enabling customers to actively participate in product success.

Rivalry has today launched a pre-farming campaign where users can begin accumulating an interim currency through site activity and eventually social media which will be converted into Rivalry Token during the token generation event in H2 2024. Additionally, tokens will be distributed to all Rivalry accounts based on historical activity, rewarding loyal customers and creating a substantial reactivation opportunity for churned users.

Rivalry will also soon be adding greater support for other cryptocurrencies on its platform, allowing users to more easily bet with Bitcoin, Ethereum, Dogecoin, and other major cryptocurrencies. This will enable Rivalry to access a fast-growing audience gambling with crypto that is estimated to account for up to one quarter of global betting handle.

Following the official launch, Rivalry Token will be available for players to use on Rivalry in all of the company’s active markets excluding Ontario and Australia.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The company will release more information about Rivalry Token throughout the coming months, including commercial partners, token economics, and more.

Continue Reading

Trending