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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
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Produced by Daniel Aharonoff & Mogul Media AI

Proof of Play Launches Multichain for Blockchain Gaming

Proof of Play's Multichain: A New Era for Blockchain Gaming

In the rapidly evolving landscape of blockchain technology, Proof of Play is making waves with its latest initiative, Multichain. This ultra-fast constellation of blockchains, powered by Arbitrum Orbit, promises to redefine how games operate on the blockchain. As a foundation for its flagship title, Pirate Nation, the Multichain system is not just a new home for the game—it represents a broader vision for a vibrant ecosystem that invites other developers to build alongside them.

The Shift from Polygon to Arbitrum

The transition from Polygon to Arbitrum is significant. Proof of Play's decision to migrate was primarily driven by high network fees and the challenges of maintaining a cost-effective gaming experience.

  • Costly Operations: At its peak, the studio was subsidizing player gas fees between \(3,000 to \)4,000 daily.
  • On-Chain Ambitions: Proof of Play aims to create games that are fully on-chain, providing seamless experiences akin to traditional games but without the latency issues commonly faced by other blockchain solutions.

The Vision Behind Multichain

Amitt Mahajan, the co-founder and CEO of Proof of Play, emphasizes the importance of accessibility for developers.

  • Developer-Friendly: "Our goal is to make it super simple for anyone looking to build on-chain games to work with our tech," he stated, highlighting the commitment to fostering a supportive infrastructure.
  • Real-Time Features: With the migration to Multichain, Pirate Nation will introduce features like real-time player vs. player (PvP) combat, enhancing the interactive experience for users.

The Ecosystem and Opportunities

Multichain is not limited to Proof of Play’s titles. The initiative opens the door for other game and decentralized application (dApp) developers, contributing to a burgeoning Arbitrum gaming network.

  • Open for Business: By providing a robust platform, Proof of Play encourages innovation and collaboration among developers.
  • NFT Integration: While Pirate Nation's gameplay operates on Multichain, its Founder’s Pirates NFTs will remain on the Ethereum mainnet, showcasing a hybrid approach that leverages the strengths of both ecosystems.

Funding and Future Prospects

The studio's ambitious plans are backed by substantial funding, having raised $33 million in September, co-led by notable firms like Andreessen Horowitz and Greenoaks Capital. This financial support positions Proof of Play to not only enhance its offerings but also to attract more developers to the Multichain framework.

As the launch of Multichain approaches, it is clear that Proof of Play is not merely adapting to the challenges of blockchain gaming. Instead, it is pioneering a path that could very well lead the industry into a more sustainable and interactive future, where the boundaries between on-chain and off-chain experiences blur seamlessly.

For those interested in exploring the gameplay further, consider checking out Proof: A Play or Death Proof: A Screenplay. Additionally, for a fun playtime experience, the 79" ×71" Extra Large Baby Playpen is a great option to keep toddlers secure.

The world of blockchain gaming is indeed expanding, and Multichain is poised to play a significant role in its future.

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