Banxa Brings Fiat On-Ramps to Sui, Off-Ramps Coming Soon
Payments infrastructure provider Banxa has announced the addition of the SUI token to its platform. This integration will allow users worldwide to access the Sui blockchain through Banxa’s global and local payment methods. Banxa has processed over $3 billion in transactions since its launch in 2014. Mysten Labs’ Sui Wallet will enable users to purchase SUI tokens through Banxa’s on-ramp and utilize its off-ramp solution once fully integrated. For a limited time, there will be no transaction gateway fees for buying SUI on Banxa. The integration will provide seamless access to Sui for users of established Web3 platforms such as OKX and MetaMask.
Blockchain Games Reigned Supreme in 2023
The latest DappRadar blockchain gaming report highlights the resilience and growth of the industry despite the 2023 bear market. Major traditional gaming studios like Ubisoft have joined the space, and mainstream platforms such as Epic Games Store, Google Play Store, and the iOS AppStore have accepted Web3 games. In 2023, $2.9 billion was invested across 163 deals in Web3 gaming and metaverse projects, indicating ongoing relevance and potential for a larger audience. Blockchain games accounted for 34% of Dapp activities and attracted 1.1 million daily active users. WAX, Klaytn, and Near were among the top gaming blockchains, with Alien Worlds being the most popular game.
Neo Opens Hong Kong Office to Expand Its APAC Presence
Open-source platform Neo has opened an office in Hong Kong’s Cyberport, a digital tech and Web3 hub. Neo joins the Cyberport Incubation Programme to receive financial support and networking opportunities. With new regulatory frameworks for digital assets being adopted across Asia, Hong Kong has emerged as a significant player in the financial market. Neo aims to foster a distributed Smart Economy network by building relationships with local enterprises, universities, and talent. The Hong Kong office marks a significant step in Neo’s expansion across Asia and aligns with the government’s efforts to establish Hong Kong as a Web3 hub.
Hot Take: Blockchain Gaming Thrives Amid Market Challenges
Despite the challenges posed by the 2023 bear market, blockchain gaming has shown resilience and growth. The industry has attracted major gaming studios, gained acceptance from mainstream platforms, and received substantial investments. Blockchain games have accounted for a significant portion of Dapp activities and daily active users. This growth is attributed to the convergence of top-tier talent, innovative gaming experiences, and user-centric applications. The success of games like Alien Worlds and Gods Unchained, along with the performance of blockchains like WAX and Ethereum, demonstrates the potential of blockchain technology in gaming. As blockchain gaming continues to evolve, it holds promise for mainstream adoption and an expanding audience.
By
By
By
By