Big Bucks for Starknet’s Gaming Venture, NFT Market Cools with ETH Rally: Your Nifty News Update

Crypto News- Exciting news from the Starknet Foundation! They’ve just unveiled a groundbreaking Gaming Committee, backed by a hefty $125 million budget. This initiative aims to revolutionize gaming on the Ethereum layer-2 blockchain Starknet.

The newly formed Gaming Committee is charged with analyzing, strategizing, and proposing programs to expand Starknet’s gaming ecosystem. With 50 million Starknet (STRK) tokens set aside for funding, the committee plans to incentivize developers to create innovative games and attract players to the platform.

Big Bucks for Starknet’s Gaming Venture, NFT Market Cools with ETH Rally: Your Nifty News Update

Henri Lieutaud, Starknet’s developer relations head, leads the committee alongside industry pioneers like Chris Lexmond and Gabin Marignier. Together, they’re poised to drive Starknet’s gaming sector to new heights.

Meanwhile, in the world of nonfungible tokens (NFTs), prices are on the decline despite Ether (ETH) hitting two-year highs. The floor prices of top NFT collections are slipping, with some seeing significant drops in value over the past 24 hours and seven days. This downward trend raises questions about the future of NFT investments.

Adding to the buzz, Kevin Rose, co-creator of the Moonbirds NFT collection, recently made headlines by selling over $1.3 million worth of NFTs. Rose believes that cryptocurrency will outperform NFTs in the long run, prompting him to diversify his portfolio.

In other developments, automaker Nissan is venturing into the metaverse to promote traffic safety through gamified experiences, while speculation swirls about the potential impact of the Bitcoin halving on NFT prices.