• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Tuesday, February 7, 2023
Smith County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home Technology Crytpocurrency

What Is Arcade Network Crypto? Is ARC Token Worth Buying? – Kalkine Media

by NewsReporter
January 19, 2022
in Crytpocurrency
what-is-arcade-network-crypto?-is-arc-token-worth-buying?-–-kalkine-media
Share on FacebookShare on Twitter

Things are turning hotter in the crypto world. Though Bitcoin has yet to shine bright in 2022, altcoins may be up for another great year.

Microsoft’s entry into metaverse, with its acquisition of the video game publisher Activision Blizzard, shines the spotlight again on blockchain. Metaverse aside, a few other sub-categories within distributed ledger technology are also drawing interest. One of these is decentralized finance or DeFi.

DeFi is the shift of finance from the presence of a single centralized authority in any network to peer-to-peer network.

What is Arcade Network?

Arcade Network claims to help users move their digital assets from one metaverse to another.

For example, a virtual asset like a petrol pump in the metaverse of PolkaCity may be transferred to the gaming verse of Axie Infinity using Arcade services. This platform is named ‘ARC Relayer Bridge’ by the network.

Arcade Network would also allow developers build and deploy their blockchain-based games using the ‘ARCVerse’. It claims that developers that lack resources and graphics can create their metaverse. The last offering of the Arcade Network is ARC Notecase, which is a wallet that can hold NFTs and other crypto assets.

Also read: Best crypto exchange in Canada: Here are the top contenders

What is Arcade Token?

ARC coin is a blockchain-based cryptocurrency, which finds use within the Arcade Network ecosystem.

The project claims that ARC token would provide incentives to the users when they redeem their assets in ARC cryptocurrency instead of fiat currency. ARC tokens also serve as rewards for engagement. The token can be used to purchase gaming assets, essentially meaning it is the native token of the network.

How much is Arcade coin worth?

Arcade Network crypto is presently trading at nearly US$0.05 per token.

Over the past 24 hours, the token has gained over 40 per cent, and the trading volume has also gone up by 450 per cent. That said, ARC token has a very low market cap of nearly US$507,000, according to CoinMarketCap. Nearly 9.6 million ARC tokens are in supply, and the maximum token supply can be 229 million.

Price movement of Arcade Network crypto in 2022Data provided by CoinMarketCap.com

Arcade network crypto price prediction

On a year-to-date (YTD) basis, ARC token has lost value. But this is a trend that has gripped the entire crypto market as of now.

After Microsoft’s metaverse move, things may move at a greater speed. Arcade Network claims to be a bridge between different metaverse projects. By this measure, ARC token may find more usage. The increased demand of the token may take the price to nearly US$0.10 by the end of this month. Price is a product of demand of any crypto, and hence, Arcade Network will have to prove its utility.

Also read: The top crypto gainers of 2021, and a couple of underperformers

Bottom line

Metaverse tokens are in demand, and digital assets within these fictional worlds are at the heart of this craze. Arcade Network crypto claims to help move assets from one game to another. ARC token may be a pick for those investors that believe metaverse would shine further in 2022.

Related Posts

us-says-north-korean-hackers-stole-over-$600-million-crypto-last-month-–-ndtv

US Says North Korean Hackers Stole Over $600-Million Crypto Last Month – NDTV

by NewsReporter
April 15, 2022
0

North Korea's cyber-program dates back to at least the mid-1990s.Washington: North Korean-tied hackers were responsible for a $620-million cryptocurrency heist last month targeting players of the popular Axie Infinity game, US authorities said Thursday.The hack was one of the biggest to hit the crypto world, raising huge questions about security...

bitcoin-mining-goes-green:-crypto-mining-companies-add-to-sustainable-energy-market-–-yahoo-finance

Bitcoin Mining Goes Green: Crypto Mining Companies Add To Sustainable Energy Market – Yahoo Finance

by NewsReporter
April 14, 2022
0

Vancouver, Kelowna and Delta, British Columbia--(Newsfile Corp. - April 14, 2022) - Investorideas.com, a leading investor news resource covering crypto mining technology and sustainable energy stocks releases a special report, featuring Epazz Inc. (OTC Pink: EPAZ), on the crypto mining industry transitioning to sustainable energy solutions and energy saving technologies...

russia:-only-industrial-players-may-be-allowed-to-mine-bitcoin-&-crypto-–-cryptonews

Russia: Only Industrial Players May Be Allowed To Mine Bitcoin & Crypto – Cryptonews

by NewsReporter
April 13, 2022
0

Source: Adobe/agnormarkThe chief architect of Russia’s crypto legislation has suggested that only industrial miners could be allowed to continue operating after the country unveils its long-awaited legislation for the Bitcoin (BTC) & crypto sector in this aggressor state.Anatoly Aksakov, a senior MP and the State Duma’s Chairman of the Committee on Financial...

ach-is-the-token-driving-global-crypto-payments-–-sponsored-bitcoin-news-–-bitcoin-news

ACH Is The Token Driving Global Crypto Payments – Sponsored Bitcoin News – Bitcoin News

by NewsReporter
April 13, 2022
0

sponsored ACH is the cryptocurrency token driving the adoption of Alchemy Pay’s crypto payments around the world. Alchemy Pay enables real-world crypto payments and mainstream-friendly access to crypto services. It has had an incredible rise over the past year, partnering with the likes of Binance Pay, Shopify, Checkout.com, Polygon, Avalanche,...

Smith County News Online

© 2021 Smith County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Smith County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT