Author: Crypto News Live

What is Geist Layer 3?The blockchain gaming world is quickly transforming, and as the sector grows, so do the challenges it faces. Geist Layer 3 is a member’s-only blockchain platform formed in partnership with the in-house gaming studio Pixelcraft Studios. The platforms stated goal is to change the blockchain gaming experience for the better and more importantly, to address some of the industry’s underlying problems such high turnover among players, botting, and inflated user counts.Key FeaturesGeist Layer 3 offers a look into what the future of blockchain gaming might hold. This network aims to provide rewards and a sense of…

The web3 gaming market is projected to grow from $26.38 billion in 2023 to $125 billion by 2032 at a compound annual growth rate (CAGR) of 19% from 2024 to 2032. The huge market potential means gamers always seek opportunities to earn big from these web3 games. CryptantCrab Prime is one of the Web3 gaming projects providing gamers with an expanded Play-And-Earn ecosystem.In a recent press release, the CryptantCrab Prime team announced that the game will be available on the Arbitrum network. CryptantCrab Prime was rated among the top 10 Web3 games in 2019 by Dapp and had a transaction…

While Ethereum hasn’t been quite consistent with its bullish trajectory in the past weeks, its circulating supply has done the opposite. According to data from Ultrasoundmoney, ETH’s circulating supply has skyrocketed to over 120.72 million ETH as of today. Although this increase in supply is not straightforwardly negative for ETH, it still marks a notable shift in the network’s dynamics, fuelled largely by adopting Ethereum’s proof-of-stake (PoS) model. Supply Increase, How And Why? The surge in Ethereum’s total supply to 120.72 million ETH, as shown in the data from Ultrasound.money, reflects the network’s increasing activity over the past month. In…

MetaMask has taken strides toward making cryptocurrencies more user-friendly for everyday purchases, in a partnership with Mastercard and Baanx, by releasing the MetaMask Card. Right now, the card is being trialled with a few thousand cards in the UK and EU, but it mostly works like a debit card that simply uses your cryptocurrency holdings to make purchases from your self-custodial wallet.A Focus on Security and PrivacyTypical challenges of spending crypto outside the crypto world include having to transfer crypto to an exchange, convert it to Fiat, and then send it to a traditional bank account. However, the MetaMask Card…

In a recent report, market researcher and analyst DeFi Ignas has provided a detailed analysis of the current bearish and bullish cases for the leading altcoin, Ethereum (ETH), offering valuable insights into the cryptocurrency’s prospects. Factors Behind The Ethereum Underperformance Ethereum has struggled to keep pace with its crypto peers over the past two years, declining 47% against Bitcoin (BTC) and underperforming Solana (SOL) by 6.8x since the market lows of early 2023.  According to Ignas, the reasons behind this underperformance are open to debate, but a few key factors stand out. Firstly, the “digital gold” narrative surrounding Bitcoin is…

The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection surged to the forefront of the market with a total of US$919,152 in daily sales on Wednesday. BAYC ended DMarket’s near week-long streak of leading daily NFT sales, CryptoSlam data shows. BAYC is the world’s second-leading collection in all-time NFT sales with around US$3.18 billion. It’s second only to Axie Infinity’s US$4.27 billion. DMarket from the Mythos blockchain was pushed down to the second spot on Wednesday despite a small sales bump to US$698,815 from US$685,764. Solana’s DeGods claimed the third spot in the daily rankings with sales of US$651,574.…

Pixelcraft Studios, the company behind the crypto game Aavegotchi, announced Thursday that it plans to launch a “members only” Ethereum layer-3 gaming blockchain called Geist. Powered by multiple Ethereum scaling technologies, Geist is designed to overcome various hurdles facing the current crypto gaming environment, including high player turnover and a prevalence of “botting” used to manipulate rewards initiatives. “Geist is our response to the call for a more trustworthy and innovative gaming blockchain,” said pseudonymous Pixelcraft CEO Coderdan, in a statement. “Geist’s exclusive and rewarding ecosystem sets a new benchmark for crypto gaming, ensuring a secure and engaging experience for…

Online gambling has seen a surge in popularity with the rise of cryptocurrencies. These digital assets offer anonymity, fast transactions, and low fees—perfect for betting online. However, you can’t play in crypto casinos without a digital wallet. Choosing the best crypto wallet for gambling depends on your specific needs—for instance, you may prioritize security or ease of use. Whether you’re using Bitcoin, Ethereum, or a range of other digital currencies, the wallet you choose needs to make your online gambling experience both safe and enjoyable. Here’s our rundown of the seven best crypto wallets for online gambling, each offering unique…

Ethereum faces headwinds after a bearish breakout below the 5-month rectangle pattern.  ETH has held onto the crucial support at $2,611, but the short-term sentiment remained bearish.  The positive U.S. Consumer Price Index (CPI) data released on the 14th of August turned out to be a sell-the-news event, causing most cryptos to trade in the red. Inasmuch, the largest altcoin, Ethereum (ETH) is down by 4% in 24 hours to trade at $2,622 at the time of writing.  Analyst Peter Brandt believed that ETH was headed for further headwinds after completing a five-month rectangle pattern on the 4th of August.…

For the creators of blockchain trading card game The Lost Glitches, artistry is “critically important” as a tool to draw players in—something that they see as lacking in the latest crop of huge “AAA” games. But speaking with Decrypt’s GG ahead of Thursday’s open beta launch for the card-battler, which runs on Ethereum layer-3 network Xai, the developers said they understand they must offer more than just slick and vibrant artwork to keep players engaged. “I think for us, [art] is critically important,” said Franco De Cesare, head of publishing and marketing for Lost Glitches publisher Mimunga. “There is an…