NanoQuake: New Trailer Released

Nuno Teodoro

NanoQuake, the new project from the Nano Center, released a new official trailer on Tuesday, December 11.

NanoQuake is based on the popular Quake video game. More precisely on Yamagi Quake 2, an improved fan-made version of the original Quake 2.

Using financial incentives to encourage people to play, the pioneer project is looking to showcase how in-game microtransactions are possible with Nano. Using block lattice technology, Nano’s network is able to process transactions rapidly and without any fees.

The project started out with community members from Nano Center hacking the quake 2 source code, allowing players to enter in a Nano address in the configuration of the game. Currently in beta stages, the video game offers gamers the opportunity to earn Nano based on their skill.

How does it work?

For each game, there is a faucet that rewards players with 0.01 Nano just for playing. On top of that, players can earn more based on their skill.

For every game there is an optional buy-in of 0.1 Nano. The buy-in from all players is put into a jackpot, called “Kitty”. Players will then be able to earn a small amount of Nano for each kill. Furthermore, the “Kitty” pot is distributed at the end of each game among the three best players (3rd place gets 10%, 2nd place gets 30%, and 1st place gets the rest).

The jackpot account is public, making it possible for fans watching on the Twitch platform to contribute to the prize pool.

The game currently has a small player pool and is being tested and developed by a group of volunteers. CryptoGlobe spoke to the main developer of the project, Jayycox:

“The best way to look at it is as a kind of automated esport tournament, players pay an entry fee and the top 3 split the jackpot. We don’t see this as gambling as it is based on skill but advise players to consult their local laws.”

If you’re interested in becoming part of the project make sure to visit the Discord channel.

Reddit Co-Founder: Investing in Cryptocurrencies Should Be a Long-Term Commitment

Alexis Ohanian, the co-founder of Reddit, has said that digital asset investors should not be discouraged by the prolonged crypto bear market - as he thinks it has helped in significantly reducing the number of speculative traders and investors.

Ohanian, a history graduate from the University of Virginia and Coinbase investor, told Yahoo Finance:

This is the Crypto Winter, no doubt. But a friend of mine, Brian Armstrong — who’s the CEO of Coinbase — said, ‘This is the spring of crypto innovation.'

"Some Of The Smartest People" Now Working On Crypto Projects 

Ohanian explained that this means cryptocurrency prices are currently “depressed”, however most of the speculators may have finally exited the digital asset ecosystem. This, according to Ohanian is “great” because the people that are left are now are involved in “building” real-world solutions. He remarked:

They’re actually building the infrastructure that it’s going to take to really make this happen.

Ohanian also revealed:

Some of the smartest people I know in tech are still working on solving these problems. They’re building companies that are built on blockchain.

Expressing views similar to other prominent business leaders and entrepreneurs, Ohanian believes:

The hype [around cryptocurrencies and blockchain] is gone. The fervor is gone. But I think that’s a good thing for all of us who have been in this [from the technology’s early stages of development].

Investing In Coinbase Back In 2011

Ohanian also pointed out that he was a “seed investor in Coinbase back in 2011, back when it was a pipe dream of devoted engineers.” He mentioned that JPMorgan, the largest bank in the US, and other established established financial institutions are starting to enter the crypto space. According to Ohanian, the introduction of the JPMorgan coin suggests that “there is real innovation that is happening now that all the wild speculation is gone. And that’s a good thing.”

Acknowledging that the extended bear market may be tough to endure for many crypto industry participants, Ohanian recommended taking a long view when investing in digital assets. He said: .

The [prolonged bear market] is painful. But if you were investing ... in [crypto] in the first place, you really should have been thinking long-term. That’s just generally good advice for any kind of investing, but especially something so nascent as crypto.

Comparing Crypto Adoption To The Growth Of The Internet

In October 2018, Ohanian, a best-selling author, had compared the current state of crypto technology to that of the growth and adoption of the internet. The Reddit co-founder had noted at that time that the present state of blockchain-based platforms is similar to how the internet was during the early 1990s. However, Ohanian had also said last year that crypto technology was improving and that the initial coin offering (ICO) craze of 2017 had gone away. He remarked (in late 2018):

Now is a good time because it's scattered all the hucksters and scenesters.