Starknet Foundation Establishes Gaming Committee with a $125.5 Million Budget
Starknet Foundation, the powerhouse behind Ethereum's layer-2 blockchain Starknet, has unveiled a Gaming Committee with a substantial budget of $125.5 million. This move aims to bolster gaming activities on the network and has allocated tokens to finance the committee's endeavors.
Starknet Foundation Forms Expert Panel to Expand Gaming Ecosystem
The newly established Gaming Committee, comprising industry experts, is geared towards expanding Starknet's gaming ecosystem. With 50 million Starknet (STRK) tokens earmarked for funding proposals, the committee's mission includes incentivizing developers to create games on Starknet and encouraging user engagement.
Starknet Foundation focuses on user engagement metrics
Starknet emphasized that the committee's success metrics would revolve around user engagement indicators such as daily active users, retention rates, and revenue generation. This underscores the initiative's commitment to driving adoption and fostering a thriving gaming community.
The Starknet Committee Features a Powerful Lineup of Six Industry Leaders
The committee boasts a diverse lineup of six members, including Henri Lieutaud, head of developer relations at Starknet, Chris Lexmond, founder of Unstoppable Games, and Gabin Marignier, co-founder of Web3-based productivity app Focus Tree.
Ethereum Price Surge While Top NFT Collections See Prices Drop
Even as Ether (ETH) experiences a notable surge, the prices of top nonfungible tokens (NFTs) have witnessed a decline. This trend is evident across various collections on platforms like Blur, where floor prices denominated in ETH have dropped despite ETH's upward trajectory.
Kevin Rose Sells Over $1.3 Million in Moonbirds NFTs, Shows Preference for Crypto over NFT Investments
Kevin Rose, co-creator of Moonbirds NFT collection, recently liquidated over $1.3 million worth of NFTs, citing his belief in the superiority of cryptocurrencies over NFTs. His actions reflect a sentiment that favors traditional cryptocurrencies over NFT investments.