Cryptocurrency and it's effect on gaming and remote onboarding
Cryptocurrency is really changing the concepts around the gaming industry and the remote working capacity. If you want to explore how then follow the blog. The cryptocurrency industry is moving at a rapid pace, and we are getting all kinds of news. If you are looking for the digital currency industry latest news in UK, then you have come to the right place. In the first news, we will talk about some big venture firms and their future plans for market expansion. We are hearing news about a new fund that is specifically designated for Web 3 gaming and is named as GameFi. The fund will be used to ensure the usage of Blockchain, cryptocurrencies, in the gaming industry. And big names like Solana Ventures, FTX (derivatives exchange), and Lightspeed Venture Partners will head this fund. The overall fund value is estimated at $100. According to these companies, they are interested in the concept of decentralization, and decentralized internet. Aside from this investment, Lightspeed has also partnered with Epic Games, Wintermute, FTX, and Offchain Labs. Why is this massive interest in the gaming industry though? Of course, there is a huge opportunity of getting returns. According to current statistics, $100 billion is generated from the gaming industry. And it will be doubling in the next year or so. If these two technologies are used, the gaming experience will be enhanced, and it will increase the scope of monetization. The last concept is fully embodied by GameFi, with the use of DeFi, and non-fungible tokens. As we are getting familiar with the concept of Metaverse, GameFi can be applied there too. In the Metaverse, different verticals get intertwined with the others to create a new, and different world. Different companies already allocated funds for this program. The list consists of big names, Sanctor Capital with 20 million, and Huobi Group with 10 million funding.
Amy Wu from Lightspeed said that the Metaverse can be a place for people to meet, greet, and communicate shortly. We already know that cryptocurrencies have established a lot of opportunities in the market. The same thing can be said about job vacancies and the hiring process. If we see the job statistics on LinkedIn, the USA is in the top position for creating cryptocurrency-based jobs. These vacancies have these keywords in them: ● Crypto ● Blockchain ● Bitcoin ● Ethereum ● Solidity It's not that these jobs are situated in a particular location, but welldistributed within the country. The average distribution rate is 53% throughout the cities. Of course, some cities will have a higher job creation percentage rate than others. New York and San Francisco are leading the bunch and are closely followed by Miami and Chicago. Then comes Austin, Denver, Raleigh, and Salt Lake City. As the pandemic has led to remote working, Blockchain and cryptocurrencies paved a smoother way to it. The remote onboarding process is easier, according to team members of these companies. That's all in today's blog about the digital currency industry latest news in UK. However, we think that Blockchain and the cryptocurrency's influence in the world and our lives. What do you think of the news?