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Polium Plans To Launch The World’s First Multi-Chain Gaming Console In 2024

Updated: Jul 7, 2022

Daily Market Wrap

  • Crypto market cap: 0.89 trillion, down 1.83%

  • BTC price stands at USD 19,912, down 1.45%

  • ETH price stands at USD 1,120, down 2.15%

  • Top gainer: Convex Finance (CVX), up 11.83%

  • Top loser: Compound (COMP), down 7.07%

News of the Day

Why it matters:

  • Polium, a company that claims to be“building the products and infrastructure for Web3 gaming,” announced on July 3 that it will release a gaming console for NFT and Web 3.0

  • The “Polium One” console will support multiple blockchains, such as Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB), ImmutableX, Harmony, EOS, and WAX

  • The only known specifications for the console are a 4K ultra HD resolution at 120 frames per second; while the price remains unknown, Polium plans on releasing 10,000 consoles to Polium Pass holders and partners during the initial launch scheduled in Q3 2024

Crypto Daily Spotlight

Brief introduction: Bitcoin is a proof-of-work cryptocurrency originally described in a whitepaper authored by Satoshi Nakamoto in 2008. Bitcoin has a fixed supply of 21 million and its genesis block was mined on January 3, 2009.

Why it matters:

  • Bitcoin has hovered around the support line at $20,000 for three weeks since the recent liquidity crisis broke out

  • MicroStrategy purchased another $10 million of Bitcoin, adding to its massive cryptocurrency holdings during a sharp drop in the price

  • El Salvador, on the other hand, also bought the dip, adding 80 bitcoins to its reserves

  • At the time of writing, Bitcoin is back over $19,000; however, Nomura, Japanese financial services giant, said that it expects growth to slow worldwide, and warned of a recession in Europe, the U.S., and Asia, which could influence crypto prices

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