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Nexon America makes Big Move Towards Crypto

Nexon America makes Big Move Towards Crypto

Game Review 

Online gaming giant Nexon America makes Big Move Towards Crypto. 

The tech and gaming industries have shown tremendous interest in crypto lately and the trend seems to carry on with the momentum. Online gaming companies now plan to receive payments in cryptocurrencies.

Nexon America makes Big Move Towards Crypto
Nexon America makes Big Move Towards Crypto

Nexon America, an online gaming company and subsidiary of South Korean gaming giant Nexon, announced that it has started accepting payments in cryptocurrencies.

Nexon America accepts several cryptocurrencies and digital assets in terms of payments. The announcement comes after Nexon America’s successful deal with BitPay, a crypto payment processor.

This new feature will allow players to purchase in-game items and content using popular cryptocurrencies like bitcoin (BTC), litecoin (LTC), ethereum (ETH), and Dogecoin (DOGE). Some other less popular and more stable coins are also accepted like Binance USD (BUSD), Gemini dollar (GUSD), and DAI among several others.

General Manager of Nexon America, Kenny Chang, said, “Nexon America listens closely to feedback from our players, including the many who have requested we include cryptocurrencies as a form of in-game payment.” He further added, “Effective immediately we are pleased to offer this innovative payment feature for our players.”

However, the announcement also added that the decision to accept payments in cryptocurrency is not linked to Nex-on’s bitcoin holdings. The Nex-on bitcoin holdings are “held as one of the company’s multiple currencies and as a hedge against [the] debasement of fiat currency.”

Earlier the game company bought $100 M worth of bitcoin at an average price of $58,200 per coin which made the company’s total BTC count to 1717 BTC.

Nexon America makes Big Move Towards Crypto
Nexon America makes Big Move Towards Crypto

The move to accept payments in cryptocurrencies comes in at a time when game developers have flocked in huge numbers towards blockchain-based game projects.

Game developers and companies are incorporating crypto technology into games after Axie Infinity’s astronomical success.

Activate Consulting, a management consulting firm, said, “As more consumer time migrates to digital experiences and interest grows in the metaverse, we believe that every technology and media company will need an NFT strategy.”

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Nexon America makes Big Move Towards Crypto

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Best P2E Games list 2024

Nexon America makes Big Move Towards Crypto

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.