tl;dr
Confiction Labs, the developer of Web3 game Riftstorm, has launched "Proof of Exposure," an in-game verification system using non-fungible tokens to combat increasing bot activity. The system authenticates users through third-party APIs, language models, and user-submitted data. It aims to engage ge...
Confiction Labs, the developer of Web3 game Riftstorm, has launched "Proof of Exposure," an in-game verification system using non-fungible tokens to combat increasing bot activity. The system authenticates users through third-party APIs, language models, and user-submitted data. It aims to engage genuine players in shaping the game's storyline, but skepticism remains about its effectiveness in addressing the persistent bot issue in Web3 games. Critics argue that bots can adapt to new security measures, casting doubt on whether the verification system will create a bot-free environment or add complexity.
Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed "Proof of Exposure," integrates non-fungible tokens into the game's lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesting that up to 70% of airdropped rewards are funneled to bot accounts.
Confiction Labs, which recently rebranded from Mythic Protocol, claims its new verification system will authenticate users through a combination of third-party APIs, large language models, and user-submitted data. Arief Widhiyasa, CEO of Confiction Labs, framed Proof of Exposure as both a security measure and a community-building tool.
"This system ensures that passionate and committed community members are the ones who help shape our IPs moving forward," Widhiyasa said. Specifically, the allowlist verification process Proof of Exposure touts a “deep profiling system” that determines the most suitable community members to advance the game’s storyline, according to a statement. As applicants undergo the verification process, those with the highest scores will secure access to the mint of the upcoming XPSR-24 NFT collection, which is part of Confiction Labs’ FICT ONE: Occultical universe. XPSR-24 is part of Confiction Labs' broader vision of "collaborative entertainment," where users contribute to the game's evolving storyline through various in-game activities.
However, skepticism remains about whether such verification systems can effectively address the bot issue, which has plagued Web3 games for years. Critics argue that despite the technological sophistication, bots often adapt quickly to new security measures, rendering them ineffective over the long term. Meanwhile, bot prevention service Jigger reports that 40% of Web3 service users, including participants in NFT allowlists and Web3 games, have been identified as bots. While the idea of blending NFTs with game lore is innovative, whether it will succeed in creating a bot-free environment—or simply add another layer of complexity—remains to be seen.
More about Visteon Corp
Visteon Corp Summary
Visteon Corporation designs, manufactures, and manufactures connected car solutions and automotive electronics for vehicle manufacturers around the world. The company is headquartered in Van Buren, Michigan.
Industry: Manufacturing, Motor Vehicle Parts & Accessories
Market Cap: $2.71 billion
Dividend Yield: 5.11%
P/E Ratio: None
EPS: 18.92
52-Week High: $142.38
52-Week Low: $0.138
Revenue: $3.95 billion
Operating Margin: 13.83%
Return on Equity: 2.629
Debt/Equity: 0.032
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Understanding Support and Resistance Levels in Technical Analysis
Support and resistance levels are critical concepts in technical analysis. They represent key price levels where a stock often reverses its direction. Identifying these levels can provide valuable insights for traders and investors.
Support level is a price level where a stock tends to find buying interest, preventing it from falling further. It indicates a potential opportunity to buy as the stock may rebound from this level.
Resistance level, on the other hand, is a price level where a stock tends to encounter selling pressure, preventing it from rising further. It suggests a potential opportunity to sell as the stock may pull back from this level.
Implications for Traders
Understanding support and resistance levels can help traders make informed decisions. If a stock price approaches a support level, it may be a good time to consider buying, anticipating a potential price bounce. Conversely, when a stock price nears a resistance level, it may be wise to consider selling, expecting a potential price retreat.
Key Takeaway
Incorporating support and resistance levels into technical analysis can enhance a trader's ability to identify entry and exit points with improved precision, ultimately aiding in the pursuit of favorable trading outcomes.
More about C3 Ai Inc
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C3 Ai Inc (C3), a company in the technology and prepackaged software services sector, reported a net income of -2.34, with a diluted EPS of 2.602. The company's revenue stood at -0.901, with a total revenue of 310582000. C3's operating margin was 28.39, with a profit margin of 0.196.
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More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc
Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Industry: REAL ESTATE & CONSTRUCTION
Sector: PATENT OWNERS & LESSORS
Market Cap: 4561418000
Current Price: 17.21
Dividend Yield: None
P/E Ratio: 0.9
EPS: 2.39
ROE: 0.511
Volume: 564954000
52-week Range: 22.69
Beta: 0.764
ATR: 0.775
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc Summary Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Industry: REAL ESTATE & CONSTRUCTION
Sector: PATENT OWNERS & LESSORS
Market Cap: 4561418000
Price: 17.21
Dividend Yield: None
P/E Ratio: 0.9
EPS: 2.39
Beta: 0.511
Volume: 564954000
Revenue: 22.69
Gross Margin: 0.764
Net Margin: 0.775
More about Marathon Digital Holdings Inc
Marathon Digital Holdings Inc.
Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.
Sector: Real Estate & Construction
Industry: Patent Owners & Lessors
Market Cap: 4,561,418,000
Current Price: $17.21
Dividend Yield: None
P/E Ratio: 0.9
EPS: 2.39
Beta: 0.511
Volume: 564,954,000
50-Day Moving Average: $22.69
RSI: 0.764
Bollinger Bands: 0.775