press release

PRESS RELEASE. Web3 game company Iskra unveils the release of its own launchpad for games, the Iskra Launchpad, with World of Win set to be the first project to conduct its initial game offering (IGO) on the platform.

The release of the Iskra Launchpad comes right after Iskra dominated the number one spot on DappRadar’s blockchain games dapp rankings for all periods – 24 hours, 7 days, and 30 days – with 669.27k UAW as of writing and cited as one of the best-performing games dapp for March 2023.

The Iskra Launchpad is a platform that allows game companies working with Iskra to promote their tokens to the Iskra community via IGO before its official listing on an exchange. Through the Iskra Launchpad, the Iskra community will have the opportunity to discover visionary games at an early stage and purchase tokens at its offering price.

While tokens purchased on the Iskra Launchpad during an IGO are locked and subject to a vesting and distribution schedule, every IGO token has a corresponding “Express Token” that can be immediately used for other utilities. This unique feature allows IGO participants to concurrently enjoy exclusive uses such as purchasing NFTs on the Iskra Market, accessing exclusive invites to events like CBTs, and enjoying other in-game benefits.

World of Win, the first project that will hold its IGO on the Iskra Launchpad, is the platform’s first social casino and arcade offering, which showcases the best in slots and hyper casual skill-based games.

By playing World of Win, users can enjoy the thrill of playing in a casino without the gambling aspect of gaming as there is no cash-out feature involved.

WoW Labs, the company behind World of Win, will be offering its WoW token for the first time during the IGO, which builds up to the public launch of the game that is expected to happen soon afterwards.

“We are excited to kick off our service with the Iskra community and be an addition to the premier gaming catalog of the platform,” Sam [Family Name], founder and CEO of WoW Labs, explained. “Social casino is a unique and widely popular genre. The thrill that comes with games of chance is something that I’ve seen as a missed opportunity in crypto gaming, as a Web3 gaming and crypto enthusiast myself. WOW Labs is filling that gap by introducing the full blown social casino experience to the Web3 gamers.”

By launching World of Win, WOW Labs aims to introduce the first social casino gaming experience to Web3 gamers. The hyper casual and skill-based tournament games run on an hourly basis, which gives users speedy and dynamic play-and-earn experience, while WoW’s DeFi-inspired Piggy Bank NFTs allow more coins for continuous play.

The release of the Iskra Launchpad, as well as the launch of World of Win, adds another milestone to the several available services and games that Iskra offers to its growing community. According to Spike Ryu, Chief Operating Officer of Iskra, “the company is focused on steadily rolling out games and services, so that it can demonstrate the full potential of community engagement in Web3 gaming.”

ABOUT ISKRA

Iskra is a single-destination Web3 game platform for developers and players that rewards them for their contribution and participation through a unique community system on the blockchain. This allows stakeholders to take a major part in building the platform for future growth.

Current services include a wallet, DEX, marketplace, NFT Mission Card (daily reward), governance staking and voting, and soon-to-launch Launchpad, Web3 casual and hyper-casual games.

Backed by some of the biggest technology and video game companies in South Korea, Iskra ranks in the top categories for gaming in DappRadar for unique active wallets per day and engagement.

Explore the future of play!

ABOUT WoW LABS

WOW Labs is a Web3 casual games developer, teamed up from social casino and puzzle games studios that serviced on mobile and Facebook platforms. WOW Labs team formerly developed and advised multiple titles that grossed top of the charts in major app stores.

WOW Labs creates an immersive and addictive casual gaming experience that tightly integrates Play-and-Earn mechanisms. WOW Labs’ goal is to create a casual gaming focused metaverse that is approachable and fun to any skill level of gamers in the era of blockchain. WOW Labs is launching its first title “World of Win: Social Casino and Play-and-Earn Arcade” with Iskra, and will branch out its WOW franchise via more titles and over multiple blockchains to further reach casual game enthusiasts.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the past day’s trading sessions, ARB has decreased by 9.8% against the U.S. dollar.

Top Ten ARB Addresses Hold 94.41% of Current Circulating Supply

According to statistics recorded on Saturday, March 25, 2023, Arbitrum’s native governance token, ARB, is now the 37th largest cryptocurrency by market capitalization. The governance token for the layer two Ethereum scaling project has a larger market valuation than Optimism’s governance token, OP, which is the 66th largest by market capitalization on Saturday.

ARB’s overall market valuation is $1.58 billion, and 24-hour trading statistics show a range from $1.19 to $1.39 per unit of ARB over the last day. Data from Dune Analytics indicates that 968.71 million of the 1.275 billion ARB tokens have been claimed so far, accounting for 83.4% of the claimable tokens on March 25.

Currently, there are 247,700 unique ARB holders, and the top ten addresses hold 94.41% of the ARB in circulation. The Arbitrum Foundation’s DAO Treasury holds roughly 3.52 million ARB, and the second-largest address holds 2.69 million ARB.

Exchanges that hold a significant amount of ARB include Bybit, Kucoin, Mexc Global, and Bitget, as all four exchanges have addresses within the top 25 largest ARB holders. Two days ago, on March 23, ARB reached both an all-time high and an all-time low on the same day.

The price today is 89% lower than the recorded all-time high of $11.80 per unit and 12.9% higher than the all-time low of $1.10 per ARB. The trade volume of ARB has increased significantly over the last two days, with $1.738 billion in ARB trades settled during the last 24 hours.

The top five most active cryptocurrency exchanges in terms of ARB trade volume include Binance, Bitget, Okx, Uniswap (Arbitrum version), and Gate.io.

What do you think the future holds for Arbitrum’s governance token ARB? Let us know in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.