News Business: You Can Now Earn Bitcoin By Playing Chess on Your Phone As play-to-earn games evolve, Zebedee is returning to the classics. #News - #Business #Crypto #NFT #DeFi

Looking to bridge the gap between Web3 and mobile gaming, mobile payment firm Zebedee and mobile game studio Viker announced on Wednesday the launch of two new play-to-earn games, Bitcoin Chess and Bitcoin Scratch, a digital scratch-card game. Launched in October 2019, Zebedee is a Bitcoin-focused gaming infrastructure company that releases Bitcoin-centric games through its mobile app. Bitcoin Chess and Bitcoin Scratch are the latest in a line of games launched with London-based Viker. “Implementing rewards with Zebedee’s platform isn’t about players earning money, it’s about creating a more interesting and fun experience,” Dan Beasley, Co-Founder of Viker, said in a news release. “Earning these tiny rewards simply feels great, regardless of if it’s small amounts that won’t materially impact most people’s lives.” Zebedee says both Bitcoin Chess and Bitcoin Scratch are now available on iOS and Android. While the trading price of a single Bitcoin is well in the thousands of dollars, games that allow players to earn Bitcoin typically pay out in satoshis, or sats, named after the creator of Bitcoin, , and the smallest denomination of the coin. To cash out, players enter their Zebedee account into Viker’s app, where the gameplay takes place, to withdraw their earnings to the Zebedee app. “These are not large amounts of money, though, with players earning a few cents per session, which is what makes the concept sustainable,” the company added. In July 2022, Zebedee raised an additional $35 million in funding after raising $11 million in Series A funding in September 2021. Zebedee and Viker have already released mobile Solitaire and Sudoku games that give players a chance to earn Bitcoin. That same year, Zebedee launched a private server for the first-person shooter game, Counter-Strike: Global Offensive, implementing an unofficial Bitcoin integration. “Essentially, players receive a revenue share from the game, meaning Viker splits what they’re earning from the game with the player,” Zebedee said in a statement. The company says this model creates a more engaging player experience, leading to better retention and ultimately making the game more profitable. “These games have a massive global audience that mostly doesn’t care about Bitcoin. And we’re not asking them to,” Zebedee Chief Strategy Officer Ben Cousen said in the release. “It really doesn’t matter that it’s Bitcoin, except for the fact that what we do simply isn’t technically possible with traditional currency.” In September, Zebedee partnered with adtech startup Slice to implement Bitcoin lightning network payments in return for viewing browser ads after installing the Slice browser extension, a concept made popular by the Brave browser. By Jason Nelson, Jan 18, 2023, https://decrypt.co/119412/you-can-now-earn-bitcoin-by-playing-chess-on-your-phone

vya4slav's Recent Blog Posts

After the shocking collapse of FTX, other centralized crypto exchanges are under the microscope, and Crypto.com customers are concerned after CEO Kris Marszalek acknowledged that his exchange…
2 years ago
In an extraordinary panel organized at the end of the first day of LaBitConf 2022 in Buenos Aires, Ethereum founder Vitalik Buterin and Bitcoiners Jimmy Song and Samson Mow discussed the state of the…
2 years ago
Los Angeles, United States, Nov. 8, 2022, Chainwire Key Takeaways Salil Shah, former Meta and Pinterest executive, has joined DeSo, a new blockchain platform that has raised $200 million from Sequoia…
2 years ago
he FTX crisis appears to have concluded. In a press release shared on Twitter, the crypto exchange announced that it had filed for Chapter 11 bankruptcy "to begin an orderly process to…
2 years ago
he crypto market is deep in the red Thursday morning as the industry continues to reel from the fallout of Sam Bankman-Fried’s empire and Binance's decision to walk away from the earlier…
2 years ago