Hey Cardanians! Welcome aboard the Weekly Cardano Digest #11!!
This edition is packed with valuable insights into Cardano's latest developments. This edition is brought to you by Flux Point Studios, a cool Gaming studio spearheading gaming on Cardano with a Play to Earn game already live! We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.
Here are the topics of the week:
Introducing XSY: A New Stablecoin Venture By Input Output Global
Announcing Our Partnership with Cardano Curation:
Temporary Service Disruption for Nami Wallet
Midnight Devnet Goes Public
Flux Point Studios: Revolutionizing the Gaming Industry on Cardano.
Weekly Development Report by IOG
This week on Cardano...
Introducing XSY: A New Stablecoin Venture By Input Output Global
Input Output Global just announced the launch of XSY, the innovative stablecoin venture poised to enhance economic value within the blockchain realm.
XSY is set to redefine the economic engines of blockchain ecosystems. Steering away from the traditional token issuance model, XSY aims to stimulate economic activity with a strategic blend of capabilities and partnerships, facilitating broader market access and utilization.
Addressing the challenge of measuring economic health within blockchain, XSY is committed to developing consistent value metrics, drawing parallels with established financial market practices. This initiative is fundamental to providing a transparent and quantifiable understanding of blockchain's economic vitality.
XSY also seeks to mitigate the inherent volatilities of the financial world, introducing stable digital assets that complement traditional financial tools, thus promoting inclusivity and efficiency across global economies. Read More
Announcing Our Partnership with Cardano Curation
We are thrilled to share with you the beginning of an exciting strategic partnership with Cardano Curation. A platform specializing in the curation and redistribution of content focused on the Cardano ecosystem. This collaboration marks a significant milestone in our commitment to bringing the Cardano community the most relevant and insightful information.
In synergy with our written content, Cardano Curation will bring a dynamic dimension to the information we provide. They will be creating a short form video recap of our newsletter every week! Not only ensuring the Cardano community has ways to stay informed but also to help us expand Cardano’s reach across other social media platforms
Check out last week’s Video Recap.
Temporary Service Disruption for Nami Wallet
A technical issue has been detected with the Nami wallet, leading to a temporary disruption for its users. Input Output is actively conducting a review to identify and rectify the cause of the malfunction. During this period, specific features of the wallet have been disabled as a preventive measure.
Affected users are advised to halt all wallet activities until further notice. For those potentially impacted, a formal process for incident reporting will be introduced shortly, focusing on individual case assessments. Preliminary information suggests a limited number of users are experiencing problems. Read More.
Midnight Devnet Goes Public
Midnight is a blockchain designed to facilitate the creation of decentralized applications (DApps) with a focus on data protection and privacy, utilizing zero-knowledge (ZK) technology built by Input Output.
The Midnight development sandbox, initially opened to a select group of developers in late 2023, has now made its groundbreaking transition to public accessibility as of February 26, 2024. This pivotal move invites developers worldwide to explore and innovate within the Midnight ecosystem, leveraging its unique features and capabilities.
About the Devnet
The Midnight devnet serves as an experimental sandbox, offering developers a risk-free zone to test, refine, and perfect their applications. This environment is crucial for identifying potential issues and fine-tuning DApps without the risk of impacting real users or assets. It's an open invitation to developer organizations, entrepreneurs, researchers, and blockchain enthusiasts to contribute to the evolution of the Midnight ecosystem.
Learn more about the DevNet and how to participate here.
Flux Point Studios: Revolutionizing the Gaming Industry on Cardano
A New Vision for Gaming
Flux Point Studios (FPS) is a gaming studio on Cardano with a mission to revolutionize the gaming industry, moving beyond traditional models that prioritize profit over player experience. Founded by a professional gamer with deep industry insights, FPS aims to transform how games are developed, played, and valued. Their vision is to create a gaming ecosystem that rewards players for their participation and contributions, challenging the status quo of the gaming world, and yes all of this on Cardano!
The Problem with Traditional Gaming
Traditional gaming studios have long capitalized on extracting value from players through in-game purchases and premium content, offering little to no return on investment. These practices, while profitable for studios, often leave players with obsolete assets and a diminished gaming experience. FPS recognizes this unsustainable model and proposes a new paradigm that values player engagement and investment.
Introducing $SHARDS: A Community-Driven Model
At the heart of FPS's innovative approach is $SHARDS, a utility token that empowers players to influence game development, participate in governance, and contribute to the Flux Point ecosystem. $SHARDS represents a shift towards a community-driven model, where players have a real stake in the games they play. This collaborative approach ensures that FPS games evolve in ways that resonate with the community, enhancing the overall gaming experience.
PIT BRAWL - A PLAY TO EARN GAME ON CARDANO
FPS invites players to experience their vision firsthand with PFP’s Pit Brawl, a Play to Earn game that's already live on the Cardano Blockchain.
Pit Brawl stands out for its innovative approach, rewarding the top 10 players on the leaderboard with $SHARDS tokens through DripDropz Instant Rewards every week. This game exemplifies FPS's commitment to rewarding player skill and participation, offering a glimpse into the future of gaming.
Interesting Stories:
🎊 A Message from Lucas 🎊
Hey! Quite an interesting edition this one, lots of big announcements. Hope you like the partnership we've made with Cardano Curation; I've got a lot of faith in that one.
If you're a project owner, let me know if you want to collaborate. We are always open to collaborations! You can send me a DM on X or reply to this email. I read all the replies over here.
Well, that's all from me for now. See you soon! There's no free NFT today, but let's do this: Our referral program is now open. The person with the most amount of referrals this week will win the NFT. Good luck!
-Lucas Macchiavelli
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