|

Ethereum’s Hearthstone Rival Sets Volume Record After Blizzard Scandal

Ethereum (ETH) based trading card game Gods Unchained has far outstripped CryptoKitties by volume after a censorship scandal involving game-developer Blizzard.

As blockchain research platform Coin Metrics noted on Nov. 12, the past month has seen activity explode for the game, with interest dwarfing that of CryptoKitties at its 2017 peak.

Data: Gods Unchained volume five times higher

In terms of daily transfers of its non-fungible tokens (NFTs), Gods Unchained was recording almost 500,000 such transfers per day at the end of last week.

By contrast, even at the height of the CryptoKitties craze in late 2017, transfers there totaled less than 100,000.

The data underscores the backlash against Blizzard, the developer behind titles such as World of Warcraft, which last month became embroiled in a PR disaster involving China.

As Cointelegraph reported, the company rescinded prize money from the top player of its Hearthstone game, Chung Ng Wai (aka Blitzchung), after the latter voiced support for the Hong Kong protest movement.

Gods Unchained capitalized on the event, offering replacement winnings and other perks to Chung in a tweet which has now received over 33,000 retweets.

Price of control

As Coin Metrics notes, like Hearthstone, CryptoKitties players had considerably less control of their assets due to centralization.

“...Unlike Hearthstone, Gods Unchained is built on the Ethereum blockchain, and each one of its cards is represented by an ERC-721 token. This means that users truly own their cards and can trade them freely on the open market, similar to any other cryptocurrency,” it summarizes.

Somewhat ironically, Chinese authorities themselves subsequently went public with an endorsement of blockchain technology. 

At the end of last month, a raft of headlines emerged, among which was advice not to speak badly of blockchain or mistake the support for a shift in policy regarding cryptocurrencies.

Author

Cointelegraph Team

Cointelegraph Team

Cointelegraph

We are privileged enough to work with the best and brightest in Bitcoin.

More from Cointelegraph Team
Share:

Editor's Picks

Bitcoin hits $85,000 as rally gains momentum, but liquidity risks linger

Bitcoin claims the $85,000 level on Monday after gaining 5.64% and closing above the 50-week SMA at $78,200 the previous week. US-listed spot Bitcoin ETFs recorded mild $6.21 million inflows last week, showing resilience despite the CLARITY Act setback and hawkish Fed outlook.

Ripple extends rally toward $1.50 as derivatives activity rises despite ETF outflows

Ripple (XRP) holds a strong bullish picture, rising to trade near $1.50 on Monday. The remittance token marks four consecutive days of gains, supported by robust momentum indicators and increased risk appetite in the broader cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP hold bullish outlook amid improving ETF inflows

Cryptocurrencies are broadly rising on Monday, led by Bitcoin’s (BTC) surge to $85,000. Altcoins are following BTC’s bullish trend, with Ethereum (ETH) trading above $2,700 and Ripple (XRP) holding steady at $1.47.

Pi Network rebound gains steam on broader market recovery

Pi Network is up 4% on Monday, advancing its near-term recovery after a 2% rebound the previous day. The broader cryptocurrency market's recovery, with Bitcoin hitting an eight-month high of $85,000, is boosting investors’ risk appetite for high-risk crypto assets like the PI token.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed
Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.