ALBAWABA- This week's crypto news recap brings you a trio of captivating stories: Binance's pivot away from BUSD support, Cristiano Ronaldo's intriguing lie detector test with Binance, and GTA owner Take-Two Interactive's bold foray into Web3 with Zynga. You know the drill, let's dive in!
Grand Theft Auto owner enters Web3 via mobile gaming arm
In a surprising twist, the mobile gaming giant Zynga, which is owned by Take-Two Interactive, the same company behind blockbuster titles like Grand Theft Auto and Red Dead Redemption, is entering the world of Web3 through Zynga Web3 (ZW3) with their new venture, Sugartown. Known primarily for FarmVille, this isn't just another game but a comprehensive Web3 gaming platform, hinted at by the charming, cartoonish characters in the teaser video.
Sugartown's potential extends beyond gaming, evoking the possibility of a Netflix series featuring these characters. For now, the confirmed element is the launch of an NFT collection named Oras, which will be integral to upcoming games within the Sugartown universe, with ZW3 working alongside different communities to establish allowlists for these NFTs. The success of Sugartown could potentially open doors for other major titles from Take-Two Interactive to venture into the world of Web3, promising an exciting future for gaming enthusiasts.
Binance Carries Out Lie Detector Test on Cristiano Ronaldo
Football legend Cristiano Ronaldo recently set social media abuzz with a tweet revealing his encounter with a lie detector test conducted by Binance, a major cryptocurrency exchange. His declaration, "@Binance gave me one of my hardest challenges yet – facing the lie detector," swiftly went viral, piquing curiosity and sparking debates among fans and critics. As the tweet garnered millions of retweets and likes, speculation grew about the underlying story, with Ronaldo promising, "Full video coming soon, stay tuned."
The purpose of this unconventional move appears to be an effort to authenticate Ronaldo's claims about his interest in cryptocurrencies and his association with Binance. The lie detector test was seemingly conducted in a controlled environment, with the results likely to be shared to bolster Ronaldo's endorsement of the platform. This development followed closely on the heels of Ronaldo's launch of his second Non-Fungible Token (NFT) collection on Binance, titled "ForeverCR7: The GOAT," which celebrates his illustrious football career with 20 distinct designs capturing iconic moments from his journey. While Binance's decision to subject Ronaldo to a lie detector test has stirred discussions about the role of technology in celebrity endorsements, ethical concerns and the scientific limitations of such tests should not be overlooked.
TBinance Encourages Transition from BUSD as Support Winds Down
Binance, a leading crypto exchange, has urged its users to initiate the conversion of their Binance USD (BUSD) stablecoin holdings, currently valued at $1.00 per unit, into alternative assets, including a recently introduced stablecoin. This move aligns with Binance's plan to gradually phase out support for BUSD by February 2024, a decision mirroring Paxos' intentions to cease BUSD redemption at that same time. The official announcement marks the first time Binance has addressed the topic, following the circulation of user-shared screenshots depicting a mobile app pop-up notification regarding the impending support cessation.
