Starknet (STRK) Establishes GameFi Development Fund

The newly established committee will develop and propose programs aimed at attracting game developers and users to the Starknet (STRK) ecosystem.

Azcnews Breaking

In an effort to promote its gaming ecosystem, the company behind Starknet has recently established a gaming committee with an operating fund of up to $120 million.

This committee comprises 6 experts from Starknet Foundation, StarkWare, Unstoppable Games, Focus Tree, Cartridge, and Loot Realms. The organization will follow a three-stage roadmap: analysis, planning, and execution to expand the GameFi ecosystem on Starknet.

Additionally, Starknet Foundation has pledged to allocate 50 million STRK tokens – equivalent to around $120 million – to fund the committee’s proposals.

GameFi has always been one of the hottest topics in the cryptocurrency space. Starknet’s move comes as the GameFi sector is regaining momentum after more than two years of silence.

While Bitcoin continues to reach new highs, the GameFi sector is also experiencing significant growth. The total market capitalization of the entire sector has increased by 30% in the past 24 hours, reaching $32 billion.

For Starknet, the project has conducted an airdrop of 700 million tokens to users and contributors from the early stages. Despite facing negative sentiments and trading fluctuations, the TVL of this layer-2 solution has tripled.

Related: Binance Announces Listing of Starknet (STRK)

Chart STRK

The price of STRK surged to $7.7 immediately after being listed on Binance. However, it then experienced significant sell-offs, pushing the price down to $1.7 over the past 3 weeks. Recently, the price has begun to recover, reaching $2.5.

Chart Strk

Charts of STRK on TradingView at 9:28 AM on March 12, 2024.

4.0/5

(1 vote)
  1. Avatar of
    Anonymous

    Nice having you

Comments are closed.

Latest

Chartgpt Freezes After Integrating Apple Intelligence

News | Altcoin | Bitcoin | Bitcoin Layer2 | DePin | Editor Choice | GameFi | Memecoin | Newbies

ChartGPT “Freezes” After Integrating Apple Intelligence

The world's leading AI tool, ChartGPT, unexpectedly went offline early this morning after OpenAI integrated Apple Intelligence.

Cz Predicts Bitcoin Will Surge To $850,000

News | Bitcoin | Editor Choice

CZ Predicts Bitcoin Will Surge to $850,000

Another ambitious Bitcoin price prediction comes after Binance co-founder Changpeng Zhao asserted that the asset could rise more than 8x.

How To Complete Kyc For Azcoiner

News | Airdrops | Editor Choice | PRESS RELEASES

How to Complete KYC for AZCoiner

AZCoiner will begin KYC verification process. By completing KYC, you'll unlock exclusive benefits designed to enhance your experience with AZCoiner.

Bitcoin Soars Again, Closes The Day Above $100,000

News | Analytics | Bitcoin | Editor Choice

Bitcoin Soars Again, Closes the Day Above $100,000

Bitcoin has recovered and closed the daily candle above $100,000, raising hopes of further price gains in December.

What Is Magic Eden Informtion About Me Token

News | Editor Choice | NFT | Research

What is Magic Eden? Informtion about ME Token

After OpenSea, Magic Eden is the largest and most reputable NFT marketplace in the cryptocurrency market. Magic Eden supports most networks, with up to 1.4 million users, generating revenue of $58.3 million in 2024. On December 10, 2024, Magic Eden officially listed the ME token.