YGG, Parallel TCG Launch $100K Tournament at YPS 2024
YGG is partnering with Parallel TCG to host a $100,000 prize pool tournament at the YGG Play Summit.
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YGG is partnering with Parallel TCG to host a $100,000 prize pool tournament at the YGG Play Summit.
The Central Bank of Nigeria governor, Godwin Emefiele, has said the newly designed naira banknotes are set to enhance the effectiveness of the organization’s monetary policy and bolster the financial inclusion cause. Forcing Currency Hoarders to Return to the Banking System According to the Nigerian central bank governor, Godwin Emefiele, the recently launched naira banknotes
The post New Naira Banknotes to Make Monetary Policy More Effective — Nigerian Central Bank Governor appeared first on BTC Ethereum Crypto Currency Blog.
Crypto Briefing goes deep on three up-and-coming crypto games using factory NFTs to drive adoption and lower the barrier to entry. The Current State of Crypto Gaming Crypto gaming is...
Ruan started his first venture capital firm, Skylight Investment. Ruan founded Alisimba Technologies in China’s capital city of Beijing. The
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Polkadot launches its first five-set of parachains for interoperable ecosystem. Acala, Moonbeam, Parallel Finance, Astar, and Clover are the main ...
Parallel Finance is a Decentralized Money Market Protocol which empowers the users to possess easy access to the financial services.
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NFT games are gradually becoming the next big thing in the digital asset world. For one, these games are the perfect opportunity to earn while playing video games for people who love gaming and cryptocurrencies. This, in turn, is bringing more people into the non-fungible token (NFT) industry. Luckily, many mainstream gaming firms are creating more NFT-based games for consumers. Indeed, crypto enthusiasts will enjoy the gameplay and an opportunity to win exciting and rare non-fungible tokens.
What Are NFTs?Non-fungible tokens are unique digital products that people cannot swap for another. Ideally, they show a person's ownership of a particular product. Today, crypto enthusiasts sell numerous items as NFTs, such as artwork, tweets, and even music. Due to the growth of the NFT Industry, non-fungible token games have come into existence. NFT-based games are games that require players to use non-fungible assets when playing. Sometimes, these players also earn NFTS as rewards.
How Does NFT Gaming Work?Oftentimes, NFT games are "play-to-earn," helping people generate income through digital products. This works by paying gamers or giving valuable incentives when they play and win games. Since non-fungible products have ownership embedded in the blockchain, new owners can sell their products for money. Verifiable ownership makes NFTs significantly different from fungible tokens. With NFTs, you can find the owners of products, unlike fungible assets. Fungible tokens are not unique and could be changed for another.
Axie infinity, for example, operates as a play-to-earn NFT-based game. To play the game, you need to buy Axis. After buying them, you can compete with other players to earn money. Interestingly, this game creates an avenue for players worldwide to have an alternate source of income. While some games reward you with tradable assets, others reward you with unique items. Typically, unique products have different prices, which are mainly determined by rarity or utility.
What is Parallel NFT Game?Parallel is a sci-fi NFT card game based on the Ethereum network. Although it’s a card game, Parallel utilizes myths and an intriguing backstory to attract users. With the growing demand for NFT products, it’s no surprise that many more people demand blockchain-based games.
According to the official website, the game is about the Earth. “ Earth, far in the future… drained from supporting human life has fallen into a desperate need for energy…." The website added that humankind sought to unlock the solution using anti-matter, but the results “were devastating.” Parallel takes tradable card games(TCG) to a whole new level. Coupled with the refreshing card arts and a strong backstory, Parallel leverages NFT technology to make the cards tradable and sellable.
Parallel NFT's BackstoryParallel's official website narrated the game’s backstory. It revealed that Earth could no longer sustain civilization because of the scarcity of energy. In a bid to find a solution, scientists used anti-matter as a source of energy. Unfortunately, the new energy source led to disastrous events, causing some humans to leave Earth. On their new path, humans had to move to foreign plants. However, not everyone was able to go to space. The radiation killed most humans left on Earth. Years later, Earth became habitable with harvestable energy. This attracted humans who left Earth to Mars, Europa, and the Asteroid belt. Still, their return to Earth is bound to cause new conflicts between the Parallels.
What Are Parallels?The game has human evolution in five Parallel streams. According to the site, the Parallels are significantly different because they have different strategies and strengths. Still, these human evolution streams want to control the Earth, they need to battle to become Earth's owner. Parallel Life urges the player to choose their Parallel to claim their right to their ancestral home. Indeed, the groups have different motivations and ideologies, making them worlds apart.
Below are the Five types of Parallels in the card game EarthenAfter the mass exodus of humans from the Earth to prevent the harsh radiation, some still stayed on Earth. A lot of people died, ranging from old and healthy people. The mortality rate skyrocketed because many could not withstand the radiation's impact. Despite the growing mortality rates, some people were not affected by radiation.
The game revealed that these individuals were lesser than 1% of the Earth's population. Because of their unique genes, they were able to live on Earth. Their immunity brought a surge of jealousy amongst other people, making them hunt the Earthen. With their close connection to the earth, they developed a unique ability that allows them to manipulate nature.
MarcomalianAfter some humans left the Earth, many went on three different paths to continue their species. This led to some of the brightest persons moving to Mars. Because some politicians hoped to continue leading a luxurious life on the new planet as they did on Earth, conflicts struck between groups.
Scientists were not impressed by their ideologies, which led to disputes and battles. Eventually, scientists overthrew the elites, and they focused on education and technology. Because of their ideologies, they were known as "mars colonists," and they hoped to conquer Earth one day.
AugencoreThese individuals want to remain in their newfound homes. Due to their skillful nature, they were able to mine resources. Again, they showed immense interest in mechatronics and bionic technologies. Like many of the Parallels, the Augencore also wants the Earth.
KathariKnown as the colonists of Europa, the Kathari ate genetically modified food leading to their infertility. To preserve the species, they explored cloning, allowing them to continue their species. Due to their breakthrough at cloning, they started manipulating genes, seeing it as their salvation. They were able to change their genetic makeup, helping them achieve perfection. These individuals are aesthetically appealing as a result of gene exploration. Still, they want to know if Earth would help them create life without cloning.
ShroudLong before the Earth suffered from radiation, humanity knew of an exoplanet known as Kepler-1649. Although this plant was similar to Earth, it was far from it. On the journey to the planet, humanity met its doom. Humans on board could not reach their destination and then became a product of a black hole.
How Does Parallel Work?To play Parallel, you need a complete deck of cards. The website clarified that these sets of cards must be associated with one of the five Parallels. Similarly, you can compose numerous decks to play any match of your choice. That said, you can also mix and match the cards from your set before each game. Fortunately, you don’t need all Parallels to play the game. Once you have a complete deck from your preferred Parallel, you can start your game. Because Parallel is an Ethereum-based NFT, you will need an ETH wallet to keep your NFTs. You can use any of your preferred Ethereum wallets to store your purchased NFT. Every card on Parallel is a non-fungible token, allowing players to buy and sell their cards on the NFT trading platforms.
How To Play Parallel NFTWhen playing Parallel, each player will have about 40 cards, making up a complete deck. The decks can be a mixture of universal or Parallel cards. You need an entire Parallel deck to play the game. Fortunately, you can also add universal cards to complete your deck. The game will be in a one-on-one format, allowing single players to compete against each other. Also, you can only use three copies of a particular card on your deck, except if it’s a Legendary. For Legendaries, you can only use a single copy of it.
For gameplay, players can use their cards as power and also energy. Similarly, there are other exciting features cards bring, such as drawing power to your hands. Since all the Parallels are unique and with different strengths, they have significantly different mechanics from others. Because these groups have experienced different scenarios, they have different ideologies and strategies.
ConclusionThanks to the rising interest in NFTs, creators have leveraged blockchain technology that appeals to game lovers. Parallel is a card game with five groups of human evolution; these groups hope to gain control of the Earth. Although this game's creation is ongoing, it may attract a new surge of NFT lovers who want to hold and trade digital collectibles. Luckily, Parallel is a tradable card game, allowing players to sell their cards for digital assets.
Parallel crypto© Cryptoticker
The post Here’s a Quick Introduction To Parallel NFT Games appeared first on CryptoTicker.
Parallel Finance announced it has raised $22 million in a Series A financing round It aims to answer the lack
An analyst has explained how Ethereum (ETH) could see its price crash to $1,700 if the support level of this technical analysis (TA) pattern fails. Ethereum Could Be In Danger Of Falling Under Ascending Channel Support In a new post on X, analyst Ali Martinez has discussed about where Ethereum could head next based on a pattern forming in its 12-hour price chart. The pattern in question is an Ascending Parallel Channel from TA, which, as its name implies, involves two parallel trendlines that are sloped upwards. Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion When the asset is inside this channel, it goes through consolidation towards a net upside. The higher tops in its price trace the upper line of the pattern, while the higher lows draw the lower level. Like other TA patterns, the former line is assumed to act as a source of resistance in the near future and the latter as a point of support. Breaks out of either of these boundaries can imply a continuation of trend in that direction. The Ascending Parallel Channel isn’t the only parallel channel in TA. When parallel consolidation happens towards the downside instead, the formation is known as a Descending Parallel Channel. Neither of these are the most commonly observed type, though, as that title is held by the basic Parallel Channel, which has its trendlines parallel to the time-axis (that is, they have zero slope). Now, here is the chart shared by the analyst that shows the Ascending Channel that the 12-hour price of Ethereum has been trading inside for the last few years: From the graph, it’s apparent that the Ethereum half-day price saw a very brief retest of the Ascending Channel’s lower level recently. The coin found support then, but its value is still floating quite close to the line, meaning that another retest could potentially happen soon. The level is currently situated at $2,500. During the last few years, this line has continuously held for the cryptocurrency, so it’s possible that it may do so again in the near future. “If Ethereum $ETH holds above $2,500, it could rebound toward $4,000 or even $6,000,” notes Martinez. The former target is around halfway through the channel from the current mark, while the latter corresponds to the upper level. The last time that ETH topped out was near the former line. Related Reading: Chainlink Witnesses Highest Whale Activity Since 2023, Price Reversal Coming? “However, if $2,500 fails as support, the next target shifts to $1,700!” warns the analyst. From the current price of the coin, a crash to this target would mean a decrease of more than 39%. It now remains to be seen whether Ethereum will retest the lower level of the Ascending Channel again in the coming days or not. ETH Price At the time of writing, Ethereum is floating around $2,800, down more than 6% over the last seven days. Featured image from Dall-E, charts from TradingView.com
According to data from CoinMarketCap, the Binance Coin (BNB) recorded a trading week with no significant events, resulting in a net gain of 1.78%. Amidst much uncertainty in the crypto market, the altcoin has experienced a major dual price trend in February resulting in a price change of <1% in this period. Following recent developments, the BNB market is in a precarious position hinting at a possible price slide. Related Reading: BNB Price Approaches a Key LevelCan It Clear the Hurdle? BNB Deviation Could Trigger A Drop To $380 Or Lower In an X post on Saturday, crypto analyst Ali Martinez provided valuable insight into the Binance Coin price structure. During a price rally in mid-February, BNB rose by over 34%, breaking past the $720 resistance zone to reach a local peak of $723. However, the asset failed to hold above $720 and has since dipped as low as $650. Following this price pattern, Martinez postulates that if BNB is displaying a deviation, the altcoin could soon experience significant losses. For context, a deviation occurs when an asset’s price breaks above a key resistance level but fails to sustain this move reversing back into its previous price range. A deviation can indicate a market strength suggesting a lack of momentum in the absence of a clear price breakout. According to Martinez, if the Binance Coin is undergoing a deviation, market prices are likely to plummet with initial support zones set around $505. However, the first major support level for BNB bulls would be at $380, which represents the midpoint of the asset’s current parallel trading channel. Notably, in the presence of strong selling pressure, likely due to expectations for BNB to complete a range-bound movement, the token could fall to as low as $214 representing a potential 73% decline from current market prices. To invalidate this bearish sentiment, BNB would need to quickly reclaim $720, which would suggest sufficient buying momentum to sustain an uptrend. Related Reading: Crypto CEO Calls Start Of The Altcoin Season With A Caveat BNB Price Overview At the time of writing, Binance Coin exchanges hands at $668 after a 3.43% price increase in the past day. As earlier stated, weekly gains stand at 1.78% reducing the overall decline in the past 30 days to 3.13%. According to its daily chart, BNB’s price has failed to break above its 100-day Simple Moving Average (SMA) suggesting a downtrend in the short term. However, the asset’s Relative Strength Index is at 54.40 and heading upwards indicating potential for some immediate price growth before entering the overbought zone (70). With a market cap of $95.22 billion, BNB is ranked as the fifth largest cryptocurrency in the crypto market. Featured image from Shutterstock, chart from Tradingview
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is said to have received a similar amount of nairas. Ongoing U.S. Dollar Shortages The central bank of Ethiopia [...]
The post US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction appeared first on Crypto Breaking News.
Aptos wants to address the scalability limitations of other blockchains, co-founder and chief technology officer Avery Ching said at India Blockchain Week 2024.
It's the second bet on Web3 gaming by VanEck's liquid token strategy fund.
In the interview, learn more of Ople's insights on Parallel TCG, its appeal to Filipinos, as well as potential challenges to onboarding.
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