Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
noyb Files GDPR Complaints Against TikTok, Grindr, and AppsFlyer Over Alleged Illegal Data Tracking. 
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Gaming juggernaut Ubisoft is organizing a hackathon called Blockchain Heroes, which will be held in Montreuil, France. The event will take place from June 29 to July 1, News BTC reported.
The objective of the hackathon is to incorporate blockchain technology into gaming, encouraging developers to get creative with the product they plan to create. One of the teams that have been invited is the one behind the successful blockchain-based game "CryptoKitties."
Since launching in November 2017, "CryptoKitties" has made over $25 million in transactions through the 1.5 million wallets the game introduced to its audience, exposing thousands of people to blockchain tech and showing them that virtual assets have real-world value. So it comes as no surprise that Ubisoft invited the game’s developers to participate in the weekend hackathon.
Gaming companies have been researching for ways to adopt blockchain technology and cryptocurrency to eliminate issues surrounding payment transactions, which are often slow and costly. Moreover, inefficiencies caused by traditional payments affect players and the gaming company, while the middlemen facilitating the transactions benefit from these irregularities.
By using blockchain, however, there’s no more need for a middleman, and players can directly send their payment to the gaming company. And even if discrepancies occur, the immutable ledger that blockchain possesses will provide a clear and transparent evidence of what went wrong in a transaction. For this reason, disputes stemming from irregularities can be easily resolved.
CryptoKitties CEO Roham Gharegozlou expressed the importance of introducing blockchain to users who are unfamiliar with the technology and allowing it to permeate the lives of ordinary people. This will benefit not only the gaming industry but the blockchain and cryptocurrency ecosystem as well.
Experts in the crypto industry have said that virtual currencies will see a significant increase in value when massive adoption starts to take place. And with the gaming industry and other markets trying to integrate this technology into their respective sectors, it seems inevitable that global adoption will take place in the coming years.
