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UAE-based gamtech PlaysOut has secured USD 7 million in seed funding, led by OKX Ventures, KBW Ventures, and Kenetic Capital, elevating its valuation to USD 70 million. The funding will facilitate platform expansion, enhance collaborations, and grow its mini-game ecosystem, targeting high-growth markets in the US, MENA, and Asia. PlaysOut aims to bridge Web2 and Web3 gaming, providing brands with innovative ways to engage audiences through interactive experiences.
Indonesia is facing a significant economic crisis, highlighted by a 20.2% increase in mass layoffs across various sectors, resulting in 78,000 job losses in 2024 alone. The manufacturing sector, once a cornerstone of the economy, has seen its contribution to GDP plummet from 32% in 2002 to just 18% in 2024, signaling a troubling trend of premature deindustrialization. Analysts urge the government to implement swift fiscal and monetary incentives to combat the economic downturn.
Cryptocurrencies like Cardano, Solana, Aptos, and Polkadot have seen significant declines, with drops of up to 16.8% this week, as a strong economy and rising interest rates shift investor focus to safer assets. Speculation that drove gains in late 2024 is now giving way to reality, highlighting the need for these platforms to demonstrate utility and value generation. The rise of stablecoins may further impact the value of these tokens, as investors react to the evolving economic landscape.
Aptos has integrated Chainlink Data Feeds to enhance the scalability and reliability of its decentralized applications (dApps). This partnership allows developers to access secure, tamper-proof off-chain data, positioning Aptos as a robust platform for advanced Web3 solutions. Additionally, Aptos has introduced Aave V3 to its testnet, marking a significant step in its evolution as a versatile Layer 1 blockchain.
Tomarket, a popular Telegram game, is launching its TOMA token on the Aptos network on December 20, following a shift from The Open Network. An airdrop will distribute 80% of the total token supply, with eligibility based on specific in-game tasks. Players can claim their tokens through centralized exchanges or external wallets, with further developments planned post-airdrop, including a Farming Pool feature.
Tomarket has partnered with the Aptos Foundation to launch its $TOMA token and enhance its innovative Telegram mini-app, which bridges Web2 and Web3. With 50 million users and a transition to the Aptos blockchain, Tomarket aims to improve scalability and user experience while introducing new gaming and trading features. The $TOMA token will be launched on December 20th, further driving engagement and liquidity within the Aptos ecosystem.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
PlaysOut secures 7 million dollars to enhance mini-game ecosystem and expansion
10:29 18.03.2025
indonesia faces economic crisis as mass layoffs surge across sectors
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