DeFi News Daily Official TheBitTimes.com

Blockchain technology ensures fair gaming through the use of Random Number Generators. The global online gambling market size was valued at $63.53bn in 2022. The online gambling market is projected to reach $95.05bn in 2023 according to data by Statista. The world of online gaming, often referred to as iGaming, has undergone a remarkable evolution thanks to the integration of blockchain technology. Blockchain technology, hailed for its decentralized nature, has revolutionized online transactions in the iGaming sector. This transformation begins with the fundamental shift from traditional payment methods to cryptocurrencies, which has made gaming more inclusive than ever before. Secure online transactions One of the primary strengths of blockchain technology is its unparalleled security. Financial transactions conducted on the blockchain are virtually impervious to hacking, interception, or bypassing by malicious actors. In the world of iGaming, w...

In a remarkable departure from the digital realm of cryptocurrencies, Pudgy Penguins, a standout NFT project during the bear market, is set to introduce 26 unique toys into the inventory of 2,000 Walmart stores. This audacious move has sparked an immediate surge in the floor price of the Pudgy Penguins collection, soaring by over 11% to reach 5.2 ETH, all thanks to the announcement that the world’s largest retailer, with a colossal $600 billion revenue in 2022, is endorsing these crypto-inspired toys. As a consequence of this groundbreaking partnership, daily trading volume experienced an astonishing spike, surging by over 270% to a staggering 849 ETH, equivalent to $1.3 million, firmly positioning it as the second-highest in that time frame, just behind the renowned Bored Ape Yacht Club, according to CoinGecko. Walmart’s decision to champion a crypto-native project marks a much-needed revival for the NFT space, grappling with a substantial downturn following an extravagan...