In a groundbreaking move to expand the utility of Bitcoin beyond trading and investment, a pioneering platform known as New Bitcoin City has emerged. This revolutionary platform, which went live just last week, seeks to transform the world of gaming by harnessing the potential of the Bitcoin blockchain. By introducing win-to-earn games and other innovative features, it aims to revolutionize the gaming industry and pave the way for the widespread adoption of cryptocurrencies.
Creating a Bitcoin-Powered Gaming Ecosystem
New Bitcoin City has embarked on a mission to make Bitcoin a versatile and widely usable asset, moving beyond its traditional role as a mere currency. The platform’s developers envision a future where Bitcoin is at the heart of diverse applications, from art and AI to decentralized finance (DeFi).
By building games directly on the Bitcoin blockchain, New Bitcoin City ensures fairness, transparency, and security, eliminating the opacity often associated with conventional online games.
The platform currently offers an array of captivating games, including casual, board, and strategy games, all powered by Bitcoin. What sets these games apart is the innovative win-to-earn feature, enabling players to earn rewards in Bitcoin upon their victories.
Gone are the days when gaming was merely an entertaining pastime; New Bitcoin City allows gamers to potentially profit from their skills and achievements.
NFT Auctions and Marketplace
Beyond the exciting win-to-earn games, New Bitcoin City also houses a thriving marketplace and conducts NFT auctions, all natively integrated into the Bitcoin network. Non-fungible tokens (NFTs) have gained immense popularity in the digital art world, and New Bitcoin City extends their applications to various other sectors.
Artists and creators can showcase their unique artworks, and users can purchase and trade NFTs seamlessly, all while leveraging the security and transparency of the Bitcoin blockchain.
Advancing DeFi with BRC-20 Standards
New Bitcoin City’s developers have been instrumental in advancing the use of Bitcoin in the realm of decentralized finance (DeFi). Traditionally, DeFi applications were primarily built on other blockchains like Ethereum or Solana. However, the introduction of “Bitcoin Request for Comment” (BRC-20) standards has opened new horizons for developers.
This standard allows for the issuance of tokens and the creation of DeFi applications directly on the Bitcoin blockchain. As a result, digital artwork, meme coins, and various other innovative DeFi projects have sprung up in New Bitcoin City, expanding the use cases for the crypto significantly.
Addressing Scalability with NOS
In an effort to overcome Bitcoin’s scalability challenges, New Bitcoin City developers have introduced NOS, a layer 2 network. NOS operates on an Ethereum Virtual Machine (EVM) layered on top of the Bitcoin blockchain. This implementation enables smart contract functionality similar to Ethereum, enhancing transaction speeds and reducing potential bottlenecks.
With NOS, New Bitcoin City provides users with a seamless and efficient gaming experience while leveraging the security and decentralized nature of the Bitcoin network.
New Bitcoin City has emerged as a trailblazing platform that showcases the true potential of Bitcoin beyond conventional financial applications. By incorporating win-to-earn games, NFT auctions, and innovative DeFi projects, the platform pioneers a new era of blockchain-based gaming and opens doors for widespread cryptocurrency adoption.
Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines.
In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013.
Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO’s core management team, contributing to strategic planning and business development endeavors.