Fun

Iranian officials decry blockchain game 'Hamster Kombat' as soft power tool

News Feed - 2024-06-25 07:06:56

Vince Quill1 hour agoIranian officials decry blockchain game "Hamster Kombat" as soft power toolThe deputy chief of the Iranian military claimed the game was a way of distracting Iranians from the country"s upcoming presidential elections.541 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe growing popularity of the play-to-earn blockchain game "Hamster Kombat" has drawn sharp criticism from Iranian government officials and hardliners, who claimed the simple play-to-earn tap game is an instrument of soft power projected by Western nations.


Habibollah Sayyari, the deputy chief of the Iranian military, claimed the game was meant to distract the Iranian population from the country"s upcoming elections. Sayyari"s comments were echoed by religious authority Ayatollah Nasser Makarem Shirazi, who characterized the entire field of cryptocurrencies as fraud-ridden.Blockchain gaming: an economic lifeline for developing countries? 


These comments from Iranian officials don"t acknowledge the dire financial situation many Iranians find themselves in while the country is beset by Western sanctions and soaring inflation. To put Iran"s economic problems into sharper perspective, the current exchange rate is 1 U.S. dollar to 580,000 Iranian rial.


Related:Iran to launch public CBDC pilot in June.


Poor economic conditions such as these have been a catalyst for the rise of blockchain games in developing countries. The NFT game Axie Infinity is a case study of this new phenomenon. At its height, players of Axie reported making as much as $1,300 per month playing the game—a significantsource of income in developing countries.


Though the cost of entry to play Axie was relatively steep, organized gaming guilds provided ways for players in developing countries tooffset the costs of playing Axie and other blockchain games while still providing sizable profits for guild members.Blockchain gaming is still far from mainstream


Despite the increased traction of Web3 games in the developing world, blockchain gaming still lags behind traditional gaming and is far from achieving mainstream adoption.


A recent OnePoll survey revealed that 52% of respondents were not aware of blockchain gaming at all, and another 32% indicated they knew about blockchain games but never played one.


These numbers suggest both a massive untapped market but they are also reflective of broader problems with play-to-earn games likereal token utility and the lack of quality gameplay mechanics to rival that of console and PC games.


Magazine:Why join a blockchain gaming guild? Fun, profit and create better games.# Blockchain# Adoption# Games# Mobile Games# DeFi# Play-to-earnAdd reaction

News Feed

Binance Labs shifts investment focus to Bitcoin DeFi
Zoltan Vardai11 hours agoBinance Labs shifts investment focus to Bitcoin DeFiBTCFi protocols are gaining traction ahead of the anticipated Bitcoin halving event on April 19. Can they match Ethereum-native DeFi in the fut
Prashant Jha10 hours agoBitcoin user pays $3.1M transaction fee for 139 BTC transferA mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, r
Turner Wright5 hours agoCoinbase political initiative features US lawmaker who admitted to ethics violationsRep. David Schweikert, featured as a lawmaker “very supportive” of crypto in the United States, paid $175,00
XRP Target Could Be $15 If This Pattern Is In Play, Analyst Says
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Savannah Fortis13 hours agoBitcoin sails the seas: Sailor paints giant ‘B’ on boat to promote crypto across the wavesA captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat pain
Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela
Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela Venezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency t
How a Trezor Wallet Passphrase Taking a Lifetime to Brute Force Was Cracked by KeychainX Experts in 24 Hours
How a Trezor Wallet Passphrase Taking a Lifetime to Brute Force Was Cracked by KeychainX Experts in 24 Hours sponsored Have you lost the passphrase for an hardware wallet and lookin
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country The situation across Kazakhstan, hit by anti-government protests in the first week of the ye
Global Exchange LBank Starts off Brand Update Month With Logo Reveal and Diversity Video
Global Exchange LBank Starts off Brand Update Month With Logo Reveal and Diversity Video press release PRESS RELEASE.INTERNET CITY, DUBAI, Sep. 30, 2022 – Global crypto excha
Ripple’s XRPL taps Axelar for RWA, cross-chain communication
Ana Paula Pereira10 hours agoRipple’s XRPL taps Axelar for RWA, cross-chain communicationThe partnership between Ripple and Axelar is part of a strategic move into tokenizing real-world assets.3454 Total views2 Total s
UK Watchdog Asks Crypto ATM Providers to Stop Operating or ‘Face Enforcement Action’
UK Watchdog Asks Crypto ATM Providers to Stop Operating or "Face Enforcement Action" U.K. watchdog, the Financial Conduct Authority (FCA), has told firms running crypto ATMs in the
Marcel Pechman10 hours agoBitcoin price eyes $28K as Binance legal battle spurs bullish momentumDiscover how margin and option metrics hint at Bitcoin"s path to $28,000 amid the Binance legal battle.6388 Total views136 T