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British Pound Taps All-Time Low Against US Dollar Following BOE's 50bps Rate Hike

26 Sep 2022

One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves.

What started as a desire to create a genuinely next-gen open-world title, even attracting investment from companies like Y Combinator, Delysium has expanded beyond its original confines. Instead, the team at Delysium recently announced that their game would be available for multiverse operators to publish under licence in what they’re calling Decentralised Game Publishing. Unix Gaming will be their very first multiverse operator.

 

 

Why Not Just Publish It Themselves?

While the team at Delysium are more than capable of publishing their game, they believe this new approach enables it to evolve beyond even their wildest dreams. The example they give is Rockstar’s Grand Theft Auto V. While no one can argue that GTA V hasn’t been a truly incredible success, even Rockstar couldn’t predict how much it would evolve once put in the hands of gamers.

If you’re not familiar with GTA RP, or GTA Roleplay, it’s what happens when players take to the streets of GTA Online, taking on and acting out the roles assigned to them–be it a by-the-books police officer, innocent shop clerk, or east-side mob boss. Roleplay takes the idea of online second life to a whole new level, and it would have never happened if Rockstar maintained rigid control of the gaming experience.

To unlock the true potential of the world they’ve painstakingly built, the Delysium team hands keys to the castle to operators so they can put their unique twists on the experience–possibly taking it in inventive, exciting new directions. And, as it’s a web3 title, operators can use their token as the currency of the game’s world, adding more utility to their tokens.

When it came to choosing their first multiverse operator, the choice was an obvious one.

 

 

Like Delysium, Unix Gaming Does Web3 Gaming Differently

Unix Gaming has grown from strength to strength, starting as one of the largest play-to-earn guilds after raising $30M in 2021, now serving as the premier partner for many of the industry’s best web3 titles, including Delysium. And as part of its partnership with Delysium, Unix Gaming will collaborate on developing several game modes and play experiences within the first iteration of Delysium–set to launch in 2023.

In a recent blog update, Unix Gaming announced its new focus on empowering web3 developers through its ecosystem–starting with an end-to-end development SDK to a first-of-its-kind web3 gaming platform, OWNED.

Being Delysium’s first multiverse operator promises incredible new utility for the Unix Gaming token. It’s also an opportunity for its gaming studio, 1MHZ Studios, to flex its development muscles by assisting Delysium in defining this new approach to game publishing.

Both Delysium and Unix Gaming promise new updates soon. As part of their newfound collaboration, they also recently launched limited edition NFT skins providing access to an early version of the game.

 

 

The team at Unix Gaming described it as decentralised game testing, as players who purchase these skins provide essential data for refining the game and allow gamers to earn more than they paid for the skins in the first place.

 

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

One of the core principles of web3 gaming is the idea of decentralisation–more specifically, decentralised ownership of assets. But, the teams at Unix Gaming & Delysium believe that by limiting decentralisation to assets, developers have also been limiting themselves.

What started as a desire to create a genuinely next-gen open-world title, even attracting investment from companies like Y Combinator, Delysium has expanded beyond its original confines. Instead, the team at Delysium recently announced that their game would be available for multiverse operators to publish under licence in what they’re calling Decentralised Game Publishing. Unix Gaming will be their very first multiverse operator.

 

 

Why Not Just Publish It Themselves?

While the team at Delysium are more than capable of publishing their game, they believe this new approach enables it to evolve beyond even their wildest dreams. The example they give is Rockstar’s Grand Theft Auto V. While no one can argue that GTA V hasn’t been a truly incredible success, even Rockstar couldn’t predict how much it would evolve once put in the hands of gamers.

If you’re not familiar with GTA RP, or GTA Roleplay, it’s what happens when players take to the streets of GTA Online, taking on and acting out the roles assigned to them–be it a by-the-books police officer, innocent shop clerk, or east-side mob boss. Roleplay takes the idea of online second life to a whole new level, and it would have never happened if Rockstar maintained rigid control of the gaming experience.

To unlock the true potential of the world they’ve painstakingly built, the Delysium team hands keys to the castle to operators so they can put their unique twists on the experience–possibly taking it in inventive, exciting new directions. And, as it’s a web3 title, operators can use their token as the currency of the game’s world, adding more utility to their tokens.

When it came to choosing their first multiverse operator, the choice was an obvious one.

 

 

Like Delysium, Unix Gaming Does Web3 Gaming Differently

Unix Gaming has grown from strength to strength, starting as one of the largest play-to-earn guilds after raising $30M in 2021, now serving as the premier partner for many of the industry’s best web3 titles, including Delysium. And as part of its partnership with Delysium, Unix Gaming will collaborate on developing several game modes and play experiences within the first iteration of Delysium–set to launch in 2023.

In a recent blog update, Unix Gaming announced its new focus on empowering web3 developers through its ecosystem–starting with an end-to-end development SDK to a first-of-its-kind web3 gaming platform, OWNED.

Being Delysium’s first multiverse operator promises incredible new utility for the Unix Gaming token. It’s also an opportunity for its gaming studio, 1MHZ Studios, to flex its development muscles by assisting Delysium in defining this new approach to game publishing.

Both Delysium and Unix Gaming promise new updates soon. As part of their newfound collaboration, they also recently launched limited edition NFT skins providing access to an early version of the game.

 

 

The team at Unix Gaming described it as decentralised game testing, as players who purchase these skins provide essential data for refining the game and allow gamers to earn more than they paid for the skins in the first place.

 

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Tony Hawk's Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning.

On Monday, September 26, 2022, the British pound sterling reached an all-time low against the U.S. dollar. The pound’s losses follow the euro sliding to a 20-year low against the Greenback on Friday. At the same time last Friday, the U.S. Dollar Currency Index (DXY) reached a 20-year high and at the time of writing, DXY is coasting along at 113.618.

While Asian markets were in full swing the pound sterling 1.0327 nominal U.S. dollar low saw the United Kingdom’s currency plunge by 4.85%. After the rebound, the pound is up 0.12% today to $1.0826 per unit, as a great number of fiat currencies have seen losses against the greenback. The euro is down 0.51%, the Japanese yen has lost 0.53%, and the Canadian dollar is down 0.71% on Monday.

British Pound Taps All-Time Low Against US Dollar Following BOE's 50bps Rate Hike

There’s been a number of factors pressing the pound sterling down and a great deal of pressure stems from the Ukraine-Russia war and the discrepancies between central bank rate hikes across the globe. The pound started to nosedive during the first quarter of 2022, as did a number of fiat currencies at the start of the Ukraine-Russia war.

Furthermore, the United Kingdom and the European Union (EU) started to feel the effects of an energy crisis that derived from the West tightening sanctions against Russian energy suppliers. Meanwhile, as the Federal Reserve started to aggressively raise the benchmark federal funds rate, the Bank of England raised its rate by 50 basis points (bps). Currently, the Bank of England’s rate is 2.25% and the U.K. central bank plans to readdress it on November 3, 2022.

Meanwhile, FTX co-founder Sam Bankman-Fried explained on Monday how the world would see things differently if everything wasn’t measured in U.S. dollars. “Boy would the world thinking differently about crypto price moves [if] they measured it vs world currency baskets instead of just USD,” Bankman-Fried tweeted.

What do you think about the British pound’s decline early this morning dropping to an all-time low at 1 a.m.? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Ripple CEO: SEC Lawsuit Over XRP 'Has Gone Exceedingly Well'

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.

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