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Why DGG Network's Launch on Arbitrum Can Be a Gamechanger for the Ecosystem?
April 30, 2023
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DGG Network's extensive resources and social network provide solutions for gamers, publishers, investors, and key opinion leaders.
DGG Brings Multiple Features
DGG Network, a leading publisher and incubator in Southeast Asia, is set to launch on Arbitrum to support and grow NFT Game projects.
DGG is a Non-Fungible Tokens (NFTs) game development and media company aiming to boost a million NFT game players worldwide.
As part of the DGG platform, users have access to their wallets and the DGG marketplace.
The DGG Wallet is a multi-chain wallet that supports NFTs and games with account abstraction technology. As per the protocol, the wallet allows virtual assets to be stored, managed, and transferred at low transaction costs.
Additionally, the DGG Marketplace allows users to trade NFTs across multiple marketplaces. The platform allows users to compare prices and buy or sell multiple NFTs in a single transaction, saving them time and money.
There are three features of the DGG Game Platform:
- The DDG Scholarship allows scholars to earn in-game tokens without spending money by renting NFT assets from guilds or NFT owners.
- DGG Tournament enables players to compete for prizes and cryptocurrency with selected NFT games.
- The DGG Guild connects scholars lacking financial resources with NFT owners who rent out strong NFTs for battles and tournaments.
Additionally, DGG Network's resources and social network offer solutions for gamers, publishers, investors, and key opinion leaders.
With new projects joining the Arbitrum network, the ecosystem has been growing rapidly to offer innovative solutions to enthusiasts of GameFi and Decentralized Finance (DeFi).
Arbitrum has started distributing 113 million $ARB tokens, worth $154 million, among 125 Decentralized Autonomous Organizations (DAO) to boost its ecosystem. Further, data from Artemis shows that Arbitrum surpassed Ethereum in daily activity on April 23 with 367.68 transactions to 261.86k for Ethereum.
Over the last 30 days, the number of active addresses on the Arbitrum Gaming ecosystem has grown by 246%. It's possible that Arbitrum can further enhance its GameFi ecosystem with the upcoming launch of the DGG network.
Arbitrum ($ARB) is trading at $1.36, down 1.53% in 24 hours.
What is DGG Network:
DGG Network is an NFT game development and media company aiming to popularise blockchain technology to most of the world's population through the NFTization of the traditional game industry.
DGG is backed by three media and cryptocurrency industry titans: LaunchZone, DCGR, and Theanh28 Entertainment. DGG Network NFT Game Community After only nine months of operation, it has grown to 132,489 members, making it the largest NFT gaming community in Vietnam.
Learn more about DGG Network:
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
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Related News
Do Kwon Faces Extradition to the United States Over Terra Crypto Collapse
December 7, 2023
The decision, yet to be officially announced, follows the US Securities and Exchange Commission's (SEC) charges against Kwon for alleged crypto asset securities fraud.
Montenegro's Justice Minister is reportedly inclined to extradite Do Kwon, the founder of Terraform Labs, to the United States, according to a recent report from The Wall Street Journal.
Do Kwon, a key figure in the Terra blockchain ecosystem, is wanted by the United States and South Korea for his alleged involvement in the downfall of Terra's digital assets.
The decision follows Kwon's arrest in Montenegro last March. The collapse, which occurred in May 2022, triggered a broader market downturn affecting major players in the cryptocurrency space.
Legal Maneuvers and Extradition Talks
Kwon, who initially agreed to be extradited to South Korea, now faces the possibility of extradition to the United States. Montenegro's Justice Minister has privately communicated the decision to send Kwon to the US to answer charges related to financial crimes.
The specific charges include commodities fraud, securities fraud, wire fraud, and conspiracy to defraud and engage in market manipulation during Kwon's tenure at Terra.
Despite Kwon's earlier agreement for extradition to South Korea, the final decision rests with Justice Minister Milovic. The minister may await the outcome of a potential last-ditch appeal by Kwon against the court ruling.
Milovic emphasized that the decision would be made public "in a timely manner," leaving room for speculation on the intricate legal proceedings.
SEC Charges and Market Impact
The United States Securities and Exchange Commission (SEC) had previously charged Kwon with defrauding investors in crypto schemes in February. The legal action marked a pivotal moment, linking Kwon to allegations of orchestrating a multibillion-dollar crypto asset securities fraud.
In May 2022, Terraform Labs' collapse had a significant impact on the broader cryptocurrency market, impacting major platforms like Voyager Digital, BlockFi, Celsius Network, and FTX.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not 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 the press release.
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