NCFA Innovation 2019

Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties

South China Morning Post | Zheping Huang   | Apr 13, 2019

Tencents AR Lets Hunt Monsters - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKittiesThe world’s biggest gaming market is finally getting a taste of Pokémon Go and CryptoKitties.

Not the original versions but a new title that merges concepts underlying the two games into one, produced by Chinese gaming giant Tencent.

The Shenzhen-based company on Thursday launched its long anticipated augmented reality (AR) game called Let’s Hunt Monsters, where users can cruise around streets and catch hundreds of virtual monsters, while rearing and trading millions of digital kittens stored on a blockchain. That essentially combines what Pokémon Go and CryptoKitties are known for.

Launched about three years ago, Pokémon Go is the most successful mobile title in the Pokémon franchise, with an estimated US$2.5 billion in total revenue, according to data from Sensor Tower. CryptoKitties, meanwhile, is the first viral blockchain game, which upon its release in late 2017 jammed up the ethereum network where it is based with players spending millions of US dollars trading cartoon kittens.

See: 

SLT Launch New Blockchain eSports Platform

Ep27-Mar 1: Blockchain Gaming and Esports with Shidan Gouran

Both titles have had little or no exposure in China. Pokémon Go’s location-based gameplay is dependent on Google Maps, which is banned in the country. As for CryptoKitties, players essentially need to get ether – the world’s second biggest cryptocurrency after bitcoin – to trade those digital cats, and there is no easy way to do that in China after the government banned cryptocurrency exchanges in 2017.

As of Friday, Let’s Hunt Monsters ranked as the most downloaded free game on China’s iOS App Store, beating in-demand titles like PUBG Mobile and Honour of Kings.

Much like in Pokémon Go, players of Tencent’s new game can flick a ball on their screens to capture virtual creatures while exploring real-world locations – only the monsters in this case are not Pikachus but mythological beasts like dragons and phoenixes. In a separate feature, players will get to summon digital kittens that they can trade with other players on Tencent’s own blockchain platform – in return for in-game credits rather than real money.

Tencent could use Let’s Hunt Monsters as a much needed helping hand to boost its gaming revenue while the company is still waiting for government approvals to monetise two smash-hit shooter games, PUBG and Fortnite.

Continue to the full article --> here


NCFA Jan 2018 resize - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKittiesFF Logo 400 v3 - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKittiescommunity social impact - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties



NCFA COVID 19 letter to government to support Fintechs and SMEs - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties

NCFA Newsletter subscribe600 - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties

Versabank  Release | Feb 24, 2021 VersaBank Partners with Stablecorp to Complete Development of Digital Currency Offering – Will Create Significant New Low Cost Deposit Source for VersaBank as it Experiences Record Loan Growth LONDON, ON, Feb. 24, 2021 /PRNewswire/ - VersaBank (TSX: VB) ("VersaBank" or the "Bank"), a North American leader in business-to-business digital banking and technology solutions for cybersecurity, today announced it plans to launch a strong encryption based digital currency (cryptocurrency) represented one-to-one by a Canadian dollar bank deposit with the Bank, to be known as VCAD.  VCAD is expected to be the first digital currency to represent a fiat currency, as well as the first in the world digital currency issued by and backed by deposits with a North American bank.  As such, VCAD will offer the highest level of stability and security amongst all digital currencies in the market today. See:  A Brilliant Fintech Future – Banking on Stablecoins VersaBank has entered into a strategic partnership with Stablecorp, a joint venture between Canada's leading crypto asset manager, 3iQ, and Mavennet, a Canadian leader in blockchain development, to commercially launch VCAD. VCAD is based on VersaBank's proprietary banking software and the digital currency issuance processes for VCAD will ...
Read More
Versbank launches stablecoin - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Fintech Magazine | William Girling | Feb 18, 2021 Finance giant Mastercard has teamed up with Island Pay to deliver a world first: a digital currency-linked payment card backed by a central bank Held together by Central Bank of The Bahamas, the collaboration will enable people to use an official digital currency called ‘The Bahamas Sand Dollar’ for purchases via a prepaid card. Transactions carried out with the card are automatically converted from digital to fiat currency and will be legal tender for goods and services on the islands (of which there are 700), as well as around the world. See:  It’s instant – I get a message, and it’s received: Central bankers comb for crypto clues as Bahamas launches ‘Sand Dollar’ It is hoped that the Sand Dollar will create a more financially inclusive economy, promote more diverse purchasing methods, and facilitate government disbursements. The same value and protections will apply as the Bahamas’ traditional currency. Modernising payments in the Bahamas The Sand Dollar was originally trialled in 2019 and went on to become the first digital incarnation of a national currency in circulation late last year. Mastercard’s virtual testing environment allowed developers to chart the issuance, distribution and ...
Read More
IslandPay sand dollar - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
KABN | Cara Buckspan | Feb 24, 2021 Company launches integrated Liquid Avatar, Augmented Reality and NFT media program of iconic 1960's toy and collector brand. TORONTO, ON and  NEW YORK, NY / ACCESSWIRE / February 24, 2021 / KABN Systems NA Holdings Corp. / Liquid Avatar Technologies Inc. (CSE:KABN)(OTC Pink:TRWRF)(FRA:4T51) (the "Company") (www.kabnsystemsna.com), a North American fintech solutions company specializing in empowering individuals to manage, control and generate value from their biometrically-verified Self Sovereign Identity ("SSI") through its Liquid Avatar (www.liquidavatar.com) platform, is pleased to announce that the Company has partnered with the iconic toy brand, The Outer Space Men (www.theouterspacemen.com). The Outer Space Men is a toy and collector brand that spans over half a century of celebration as both a vintage and modern collectible assembly of action figures. The OSM were first created when man's greatest achievement was to land on the moon during the infamous Space Race of the 1960's. The Outer Space Men characters will be used for a series of integrated media programs for Liquid Avatar. The integrated campaign, expected to launch in early spring 2021 will feature a series of limited edition 2D and 3D Liquid Avatar digital icons available in the Liquid Avatar Marketplace ...
Read More
liquid avatar outerspace men - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Bitcoin.com | Jeffrey Gogo | Feb 23, 2021 Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding severe losses from investors. “Bitfinex and Tether recklessly and unlawfully covered-up massive financial losses to keep their scheme going and protect their bottom lines,” said James. See:  Are Stablecoins Better Than Bitcoin? She continued: “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie. These companies obscured the true risk investors faced and were operated by unlicensed and unregulated individuals and entities dealing in the darkest corners of the financial system.” Per the statement, an NY Attorney General’s investigation found that the companies made false statements about the backing of tether, with Bitfinex using Tether’s funds to clandestinely cover an $850 million financial hole at its bank Crypto Capital in Panama. Tether published a statement on Tuesday “admitting to no wrongdoing.” It argued: The Attorney General’s Office concluded, in ...
Read More
tether - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Investment Executive | Fiona Collie | Feb 22, 2021 Financial services firms are using AI to create smart trading platforms and identify client needs Technology is everywhere in the financial services industry, and banks have been building their artificial intelligence (AI) bona fides in recent years. Components of AI include natural-language processing, which uses technology to analyze the spoken and written language, and machine learning, which uses algorithms to analyze and learn from large amounts of data. See:  Top 12 AI Use Cases: Artificial Intelligence in FinTech Since 2016, Royal Bank of Canada (RBC) has focused on AI through its dedicated research division called Borealis AI. In October 2020, Borealis AI and RBC announced the launch of Aiden, an AI-driven electronic trading platform for institutional investors. Aiden uses “reinforcement learning.” For every trade [Aiden] makes, it also justifies why it just did that,” Agrafioti said. “And that gives people confidence and trust that they understand the context of the algorithm they’re seeing.” a form of AI based on behavioural psychology that either rewards or penalizes an algorithm when it makes a decision. This is the same type of machine learning used for AlphaGo, a Google-owned computer program that beat a human ...
Read More
AI fintech banking - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
FCA Consultation | Jan 28, 2021 We’ve identified barriers to the success of open banking and future innovation in UK payments. To address these, we’re proposing amendments to our Technical Standards on Strong Customer Authentication and Common and Secure Methods of Communication. We’re also taking this opportunity to amend our guidance on prudential risk management and safeguarding in our Approach Document (AD), and make general updates to a number of areas and onshoring-related changes. We’re also updating our Perimeter Guidance Manual (PERG). One section of the CP, relating to contactless payments, will close on 24 February 2021. The rest will close on 30 April 2021. See:  Accelerating winds of change in global payments The payments landscape has grown and evolved in recent years, as business models adapt to user needs. The coronavirus (Covid-19) pandemic has accelerated these changes. This consultation will help us make sure regulatory expectations keep pace with the changing landscape. We want to remove identified barriers to continued growth, innovation and competition in the payments and e-money sector (including open banking), while making the sector more resilient and protecting consumers if firms fail. Who this applies to Payment service providers (PSPs) and e-money issuers, as well as ...
Read More
electronic money - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Digital Sandbox Pilot UK | Feb 20, 2021 The pilot ran from November 2020 through to February 2021. An evaluation process is currently being undertaken by an independent consultant. The pilot will be assessed against the 5 success criteria: Innovation – role played in encouraging innovation in financial services to the Covid-related challenges detailed in the use cases Speed – role played in enabling quicker testing and development of proof of concepts Collaboration – role played in fostering collaboration, facilitating diversity of thinking and creating an ecosystem of key organisations Pilot features – the effectiveness of the key features of the pilot (see below) in stimulating and accelerating innovation Sustainable future – role played in informing and assisting the design and future operating model of a permanent digital sandbox See:  UK Digital sandbox – coronavirus (Covid-19) pilot Select Teams and Descriptions Fraud & scams Sedicii: An AML solution that allows financial institutions to securely share knowledge about clients or transactions without disclosing any underlying data or information. EalaX Ltd: A solution that creates digital synthetic twins of real financial data which can then be used to detect fraudulent patterns and complex problems that are being experienced during Covid-19. MPC4AML: A solution ...
Read More
digital sandbox initiative FCA and City of London 1 - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Cato Institute | Jennifer J. Schulp | Feb 18, 2021 By no means should the GameStop phenomenon result in changes that restrict retail investors’ access to the markets. Before the Committee on Financial Services, U.S. House of Representatives Introduction Chairwoman Waters, Ranking Member McHenry, and distinguished members of the Committee on Financial Services, my name is Jennifer Schulp, and I am the Director of Financial Regulation Studies at the Cato Institute’s Center for Monetary and Financial Alternatives. See:  Retail investors are becoming more than shareholders I thank you for the opportunity to take part in today’s hearing entitled, “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.” Watch the testimony C-span here: Retail Investing Before addressing the GameStop phenomenon specifically, I’d like to address the participation of retail, or individual, investors in our public equities markets. Retail participation has ebbed and flowed over the years, but the recent trend toward increased retail participation accelerated sharply during the pandemic. Approximately one-fifth of market trading volume is now attributable to retail orders, which is a substantial increase over 2019.1 Most commentators point to the increasing availability of zero-commission trading as drawing in more individual investors. In ...
Read More
retail investors want to participate - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
AltFi | Aisling Finn | Feb 18, 2021 The fintech’s business customers will be able to take payments via QR codes, helping to maintain social distancing. Taking one step closer to becoming a ‘financial super app’, Revolut is rolling out QR codes for its business customers. From today, Revolut’s business customers across 25 countries will be able to take in-person, socially-distanced payments via a QR code. The touch-free payment method allows for instant payments, with small business owners able to see if a payment has been successful right away, Paulo Guichard, product owner for Acquiring at Revolut said: “The popularity of QR codes has increased as this payment method is quick, easy and allows people to make socially distanced payments which are increasingly important during the global pandemic.” “We’ve removed the need for additional devices or hardware, as all business owners have to do is use their Revolut Business app and show customers a QR code to accept payments straight away through this efficient and touch-free method.” See:  QR Codes - the Tech that changed China is coming closer to home Revolut Business customers can generate a QR code in the app which the customer can scan on their mobile ...
Read More
QR codes are coming closer to home - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties
Forbes | Nik Milanovic | Feb 18, 2021 What do you get when you combine the buzziest tech sector with the most high-profile public policy issue? Financial technology combating climate change. It would seem an unlikely pairing, but the last year witnessed an explosion in climate-focused fintech products and companies. The public’s focus on climate change is here to stay, which could continue to spur more exciting innovation in financial services focused on creating a greener world. It remains to be seen whether these products can generate a meaningful return (and thus merit continued investment), but this will be a common theme over the next year and beyond. See:  Brookings Event: Climate change and financial market regulations: Insights from BlackRock CEO Larry Fink and former SEC Chair Mary Schapiro How does one combine a financial product with climate technology? There are many examples. Stripe recently launched its climate removal tool - Stripe Climate - which lets online businesses redirect some of their proceeds towards four emerging technologies focused on reducing carbon footprints. (The tool is now global, and over 100 companies in Europe have signed up.) The kit also lets companies tout their climate credentials to customers - something that ...
Read More
climate fintech - Tencent launches new blockchain game merging concepts behind Pokémon Go and CryptoKitties