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EA’s Jeff Burton Joins P2Earn Inc As Chairman Of Advisory Board

Play to earn, also referred to as GameFi, is now the industry’s fastest-growing sub-sector.

The valuation of the online gaming business is expected to hit USD116 billion by 2021, thanks to the fact that more than 3 billion people around the world spend time playing these games.

P2E is expected to reach USD3.7 billion by 2028, making it one of the most fascinating gaming platforms in the world. New entrants to the market are seen as a boon for the industry’s potential to become “the future of online gaming.”

P2Earn Inc has been one of the most well-known companies in the industry today. It boasts of revolutionary technologies that make it a cut above the rest.

P2Earn Inc Welcomes Jeff Burton As Board of Advisors Head

P2Earn Inc, a Canadian blockchain gaming firm, has recruited Jeff Burton, co-founder of gaming giant Electronic Arts (EA), to serve as chairman of its board of advisors.

Burton’s impressive resume in the computer gaming industry, in addition to his stellar credentials, makes him an invaluable asset to the play-to-earn startup. Burton brings a plethora of experience and insight to the table, making him an important addition to the company’s growth and development.

In a recent announcement, P2Earn Inc. revealed that the full release of their platform would occur in the second quarter of 2023. After eight months of successful beta testing with a small group of users, the product is finally ready to be released to the public.

Burton helped start Electronic Arts, the company responsible for the Medal of Honor series, the Madden football franchise, and the PGA Tour video game franchise, among many other popular games.

P2Earn Inc: The 1st Play-to-Earn Gaming Guild To Go Public

In 2011, P2Earn Inc. was founded to meet the growing demand for cryptocurrency-related services. The company is the first play-to-earn gaming guild to go public, and it provides blockchain gamers with a unified online platform.

Player ownership of an NFT is not necessary to participate in the game’s play-to-earn concept. As part of a gaming guild, gamers can rent in-game assets from one another and pay for such rentals with money earned in-game.

Burton, sharing his enthusiasm following his appointment to P2Earn’s advisory board, remarked how “delighted” he was to be part of the company’s efforts to bring Play-2-Earn gaming to the masses.

The advisory board chairman said in a press release:

“I have long believed that the concept of players earning a share of the profits through gameplay was the future of all gaming.” 

Since at least 2017, Burton has shown an interest in cryptocurrency on a professional level. His LinkedIn page says that he had served on the Board of Advisors for the cryptocurrency education platform BitDegree.

The Lithuanian crypto game Engines of Fury, which is currently in beta and describes itself as a “MOBA RPG” (a hybrid of the multiplayer online battle arena (MOBA) genre and role-playing games (RPG), has appointed him as Chairman of the Board of Advisors.

Meanwhile, P2Earn CEO Alex Lineton was ecstatic to have Burton on board before the official release of the P2Earn Gaming Guild.

Lineton said:

“Jeff’s experience and network are not only legendary in the industry, but also proving invaluable to us as we begin to enter the next phase of growth of our Gaming Guild.” 

Under Burton’s guidance, Lineton said he is excited to bring on more gaming industry experts to the advisory board.

-Featured image from p2earncorporate.io/

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IMX Spikes 10% In Last 24 Hours – Will It Start The Week Strong?

IMX (ImmutableX) has been on a roll lately, being one of the few altcoins to have significant gains in the past month or so.

According to tracking by CoinGecko, IMX was up 10% in the daily timeframe with its biggest gain at the weekly timescale at nearly 19%. 

IMX: What Drove Prices Up? 

Although the past year saw the token drop by 87%, it also saw some significant developments for the L2 ecosystem. For their push to become the leading competitor in the NFT space, Gamestop partnered with ImmutableX for their NFT marketplace. 

This placed ImmutableX on the spotlight as it was just a startup company back then. Both companies also created a $100 million fund for NFT developers to boost their projects if granted. 

The partnership created buzz around the time as this sort of legitimized NFTs in the eyes of gamers and collectible enthusiasts as NFTs sought an audience with this crowd of consumers.

But with NFT interest dwindling, the technology will continually be a hard-sell to consumers as it is still in its infancy. 

The real growth, however, is in the GameFi space. According to ImmutableX, the ecosystem edged Polygon in terms of exclusive on-chain GameFi development with ImmutableX catching up on cross-chain development. 

These developments are also courtesy of Immutable’s previous wins. Most notable of these is the $200 million that they raised during its Series C funding with gaming industry companies and venture funds. 

IMX Riding Bullish Momentum

ImmutableX’s native token IMX seems to be riding the bullish wave that’s taken over major cryptos Bitcoin and Ethereum. As of writing, the two are up 1.5% and 2.5%, respectively. 

This is a good wave for IMX to ride on. However, this manifests a very real risk of a huge correction if macroeconomic indicators show a worsening economic situation.

But with the White House announcing that the economy is heading for a soft landing, investor sentiment should reverse back to positive on both stocks and riskier assets like cryptocurrencies. 

For IMX to continue its bullishness, the token needs to break its sideways movement that formed because of FTX’s collapse. The primary resistance level at $0.4726 should be broken as this was the main resistance that kept the price downwards. 

With major cryptos going bullish, IMX riding the wave to break through this resistance can help it turn $0.4726 to support. Investors and traders, however, should keep watch as the Consumer Price Index (CPI) will be released this week. 

If the CPI stagnates and remains high, the U.S. Federal Reserve might be on another interest rate hike later this year. 

-Featured Image from TechFi