Crypto News 2022–03–04
Square Enix in The Sandbox 🎮, Crypto Retirement Assets 💰, Easy Dapps With Algorand 💱
Square Enix Enters The Sandbox Ethereum Metaverse With Dungeon Siege (3 minutes)
Game publisher Square Enix will bring its Dungeon Siege franchise into the metaverse game world of The Sandbox. The game is an Ethereum-based game built around NFT collectibles. Square Enix led a $2 million investment round in the game, which is owned by leading metaverse investor Animoca Brands. An open alpha test on March 3 that runs through the end of the month lets players try a free sample of the game world.
If Crypto Belongs In Retirement Accounts, Where Are The Assets? (6 minutes)
$35 trillion sits in retirement accounts, but $1 trillion resides in checking and savings accounts. Over time, crypto will become more than just a growth play within retirement accounts. Digital assets will demand more high-yield products, and the cryptocurrency and decentralized finance (DeFi) spaces could be instrumental in offering those opportunities. The attraction of digital assets is the potential for tax-deferred growth.
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Algorand Upgrade Set To Allow For Easy Creation Of Complex Dapps (2 minutes)
The Algorand blockchain released a major technical upgrade designed to support cross-chain interoperability. The upgrade introduces smart contract-to-contract calling, which allows applications to efficiently and trustlessly interact with other smart contracts-based products. Falcon Keys will be used to generate State Proofs, a new blockchain infrastructure. The development follows a $20 million incentive program focused on developer tooling and compatibility with the Ethereum Virtual Machine.
K-Pop Enters The Sandbox Metaverse (2 minutes)
The Sandbox has partnered up with Cube Entertainment to develop tokenized assets for the game featuring K-Pop and other elements of Korean culture. The joint venture, dubbed “AniCube,” will focus on expanding the Metaverse, by bringing in more and more companies into the metaverse and hosting events to introduce them to K-culture, especially K-pop.
Shake Shack Is Testing Bitcoin Rewards With Cash App (2 minutes)
Cash App users can get 15% cashback in bitcoin rewards for purchases through mid-March at Shake Shack. The trial is meant to test Shake Shack’s capacity to appeal to a younger audience interested in bitcoin and other cryptocurrencies. The bitcoin reward system is built into Cash App’s “Cash Boost” program which lets users pick their own rewards.
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