RATE Group | Is Blockstream’s Liquid Network an Attempt to Compete for Tokens with Ethereum?
89217
post-template-default,single,single-post,postid-89217,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Is Blockstream’s Liquid Network an Attempt to Compete for Tokens with Ethereum?

26 May Is Blockstream’s Liquid Network an Attempt to Compete for Tokens with Ethereum?

Posted at 04:23h in Cryptocurrency News by

At Consensus Distributed on May 12, Blockstream presented Lightnite, a Fortnite-like game that uses the Liquid Network for storing non-fungible tokens (NFT) representing game items.

While the game is developed by independent company Satoshi’s Games, Blockstream has sponsored the game by running a token giveaway. 

The announcement has garnered a considerable amount of criticism from Ethereum (ETH) fans, given the longstanding rivalry with the Bitcoin (BTC) “maximalists.” Non-fungible tokens are traditionally associated with Ethereum and other smart contract blockchains, and received constant criticism from Bitcoin community members as part of that association.

Benjamin DiFrancesco, an Ethereum contributor and founder of Scopelift, tweeted that this is part of a narrative shift:

“Narrative shift alert: we’re going from ‘things like NFTs are dumb and useless’ to ‘Bitcoin can do things like NFTs.”

Not all Bitcoin community members welcomed the Liquid NFTs, with notable…

Source link

Tags:
, , , , , ,