In a bid to revolutionize Bitcoin usage, the pioneering platform, New Bitcoin City, has introduced win-to-earn games that operate solely on the Bitcoin blockchain. Beyond conventional trading and investments, the platform aims to enhance Bitcoin’s versatility by integrating it into the gaming industry. Offering a diverse selection of casual, board, and strategy games accessible on web and mobile platforms, New Bitcoin City not only enables players to win Bitcoin payouts but also embraces Non-Fungible Token (NFT) auctions and a marketplace native to the Bitcoin network.
The development team behind New Bitcoin City is determined to expand the application of Bitcoin beyond its role as a mere currency. @punk3700, one of the key developers, emphasized this vision in a recent social media post, stating, “We want to make Bitcoin as versatile as possible — usable for far more than just a currency. We started with Art, then AI, and DeFi is the next natural area to explore.” This drive towards integrating decentralized finance (DeFi) applications has paved the way for the emergence of digital artwork and meme coins on the Bitcoin blockchain, owing to the introduction of “Bitcoin Request for Comment” (BRC-20) standards earlier this year.
CryptoGraffiti Auctions
– One Graffiti is created every 72 hours
– Anyone can participate in creating the Graffiti
– The Graffiti is auctioned
– The proceeds are shared among the participantsLet's co-create art & earn together.
Learn more 👇🧵 pic.twitter.com/uDbdy0xCDe
— 3700 | New Bitcoin City (@punk3700) August 1, 2023
The adoption of BRC-20 standards has empowered developers to create tokens and build DeFi applications directly on the Bitcoin network. This breakthrough has opened up new possibilities for gaming and interactive experiences while utilizing Bitcoin. Prior to this development, DeFi applications involving Bitcoin were confined to tokenized representations of the cryptocurrency on alternative blockchains like Ethereum or Solana.
@punk3700 is no stranger to pushing the boundaries of Bitcoin’s capabilities. Previously, they spearheaded Trustless Market, a Uniswap fork on the Bitcoin blockchain, which rapidly gained traction amidst the Ordinals protocol hype. Trustless Market achieved substantial daily trading volumes, attracted a sizable user base, and provided liquidity providers with a 2% cut on all network swaps.
The gaming aspect of New Bitcoin City presents an appealing proposition for gamers who value fairness and transparency. By leveraging the Bitcoin blockchain, the platform ensures that games and payouts are conducted with utmost integrity. In contrast to opaque online games where mechanics may be hidden and potentially manipulated, New Bitcoin City games instill trust in the system and offer players the opportunity to accumulate significant earnings.
One of the primary challenges Bitcoin has faced is its transactional speed, often cited as a limitation for real-time applications such as gaming. Addressing this concern, the developers of New Bitcoin City have introduced NOS (New Operating System) – a layer 2 network that leverages the Ethereum Virtual Machine (EVM) on top of Bitcoin. The implementation of NOS allows for smart contract functionality, similar to Ethereum, resulting in faster transaction speeds and improved efficiency.
New Bitcoin City’s ambition to merge gaming and decentralized finance on the Bitcoin blockchain marks a significant step towards expanding the use cases of Bitcoin beyond traditional norms. As the platform continues to flourish, it holds the potential to attract new users, offer rewarding gaming experiences, and contribute to the wider adoption of cryptocurrencies in everyday life.
Disclaimer: The information provided in this article is for general informational purposes only. The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the official policy or position of Clout Scoop News or its affiliates. Readers are strongly advised to conduct their research and consult with financial and blockchain experts before making any investment decisions or using any blockchain-based platforms. Clout Scoop News does not endorse or promote any specific investment or platform mentioned in this article.
