PR Newswire
18 Nov 2022, 15:43 GMT+10
SINGAPORE, Nov. 18, 2022 /PRNewswire/ -- The stunning implosion of FTX and its superstar founder Sam Bankman-Fried is reverberating across the global cryptocurrency landscape and has rattled investor faith. Although it might take months to get an accurate picture of what exactly happened, Singapore-based Game-Fi platform Ethlas has come up with a game to offer a joyful and educational insight into FTX's insolvency.
Titled 'Battle of the CEXes' (CEX standing for Centralised Exchange), Ethlas' aim in launching the gamified learning experience is to help spread awareness and educate the wider community on the history between FTX and Binance and the key events that led to FTX's ultimate demise. The game will be available on battleshowdown.com through a new story mode.
The game introduces players to key characters (such as Changpeng Zhao and Sam Bankman-Fried) and common crypto terminology (like FUD - standing for Fear, Uncertainty, and Doubt - and those who spread it - FUDders). In the game, the goal is to save the future of crypto from the long-term ramifications of FTX collapse.
"One of the key realisations we had as we Web3 native players is that most of the world couldn't quite understand what had happened with FTX. And so we took the tools we had, and gamified/simplified the FTX timelines into a simple-to-understand story mode, and we linked some resources at the end of the game to help those who had been impacted by the incident to educate and equip themselves better for the future. We hope that small steps like these help bridge the education gap within Web3, and hopefully build a better future for everyone." said CEO & Cofounder of Ethlas, Wui Ngiap Foo
Despite the collapse of FTX, Ethlas believes that the next decade will be a defining period for Web3 as the market corrects itself to facilitate change and evolution.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: Thailand's government is facing its biggest crisis in nearly a year, as Prime Minister Paetongtarn Shinawatra's...
LEMBATA, Indonesia: Indonesia's Mount Lewotobi Laki Laki erupted dramatically on June 18, generating substantial ash and smoke plumes....
In Nepal's latest attempt to silence online speech, police are trying to arrest a well-known journalist who published on his YouTube...
Kathmandu [Nepal], June 25 (ANI): The commercial production of methane gas in western Nepal is expected to begin next fiscal year,...
Johor [Malaysia], June 24 (ANI): India's women's doubles pair of Anahat Singh and Joshna Chinappa advanced to the semi-finals of the...
New Delhi [India], June 24 (ANI): The Federation of Western India Cine Employees (FWICE) has expressed disappointment and concern about...
NEW YORK, New York - U.S. stock markest closed sharply higher on Tuesday as a truce entered into between Irsael and Iran after 12 days...
MENLO PARK, California: Meta is taking another swing at smart eyewear—this time with a sporty edge. The company announced a new partnership...
NEW YORK CITY, New York: U.S. stocks went up and oil prices fell this week as investors hoped that Iran would not block the global...
BARCELONA, Spain: Residents of Barcelona have devised a novel way to protest the presence of tourists in their city. Using a cheap...
CHICAGO, Illinois: For the first time in history, U.S. officials are considering a coordinated plan to vaccinate poultry against bird...
NEW YORK, New York - U.S. stocks made strong gains on Monday, brushing off concerns Donald Trump's surprise ambush of Iranian nuclear...