![]() There have been a number of cases where major firms have decided to back the growing space of gaming, and to push the next level within through a blockchain bias.įor example, Ripple, the firm behind XRP which mostly focuses on banking and cryptocurrency, set up a $100 million fund with the intention of integrating blockchain technology into gaming. Gaming and blockchain have been attracting shared interest for sometime now. Together with the investment from B Cryptos, we are now closer to bringing The Sandbox to the Japanese market.” A burgeoning interest Yat Siu, co-founder and chairman of Animoca Brands, said: “Like multiple generations, we grew up playing amazing games such as Space Invaders, Final Fantasy, and Arkanoid, and so it’s a special privilege and honour that the legendary game company Square Enix has invested in The Sandbox. For this reason, the strategic partnership that TSB has with Square Enix will go a long way to normalising this new style of gaming. The introduction of such a game to a new market, and a game that is predicated on a nascent technology, is a special kind of challenge. “The Sandbox is a pioneer in the space of blockchain gaming, NFTs, and true digital ownership, and we are thrilled to have Square Enix with us as a strategic investor, supporting our ambitious vision of building the Metaverse where Creators can make games on their LANDs and trade ASSETS on our marketplace in a totally decentralized manner.” Natwest has also been approached for comment.Sebastien Borget, COO of Pixowl and of TSB Gaming, explained the significance of the recent investment: We're continuing to focus on investment in people, capital and ideas to boost living standards in the longer term." He added: "The UK is not alone in these challenges and while we can't shield everyone entirely, we are taking action to ease pressures on households and drive growth. Markets expect interest rates to reach 2.25% by the end of the year, with households advised to fix where possible to save on mortgages.Ī Treasury spokesman admitted the Government could not "shield everyone entirely" from the effects of the cost of living crisis. It also marked the first rate rise on an election day since 2004.īank of England governor Andrew Bailey said this should ultimately help bring down inflation in the coming years - it aims to keep it at 2%, but warned it could first reach 10% by Christmas. Thursday marked the fourth consecutive interest rate rise and the highest since 2009, when the Bank slashed borrowing costs to combat the financial crisis. We've got a full guide on what the base rate rise means for you, here. Martin Lewis issues mortgage warning to millions of homeowners as interest rates rise However, the three-quarters of mortgage borrowers who have fixed-rate loans will not be affected. The latest interest rise will add more than £50 a month to the costs of a borrower with £250,000 on their mortgage paying the average variable rate of 3.3%. Yorkshire building society said trackers will rise on June 5. Variable deals remain under review.įirst Direct raised its trackers this morning (May 6) but said variable deals are under review. ![]() Lloyds, which also owns Halifax and Bank of Scotland, said tracker mortgages would rise by the full increase on June 1. ![]() Customers of variable rates at Alliance & Leicester, part of Santander, will see their payments rise to 5.24%.Ĭoventry Building Society said it will increase the rates on most of its variable savings accounts from June 1. Santander confirmed its tracker mortgages would rise on June 3 to 4.25%. ![]() Savings accounts and variables remain under review. Nationwide said tracker mortgages will increase by the full rate rise on June 1. Its standard variable mortgage currently charges 4.04%.īarclays will increase its standard variable rate from 5.24% to 5.49% next month. All you need to know about 1% base rate and how it will hit your pocket ![]()
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