Bittime - SkyArk Chronicles is a game project that combines social elements and Non-Fungible Token (NFT) technology . However, controversy has recently arisen regarding their latest funding round.
SkyArk Chronicles is predicted to be a pioneer of the "Play-to-Own" concept in the realm of blockchain gaming. This concept allows players to own and trade in-game assets, so that not only do they have fun, they also have the potential to make a profit.
Players can explore a stunning fantasy world, socialize with fellow players, and build their own land.
What is SkyArk Chronicles Studios?
SkyArk Chronicles is a project developed by SkyArk Studio based in Singapore. This studio was selected to take part in the Binance Labs incubation program in 2021. This incubation program is aimed at start-up companies operating in the promising blockchain field.
Reporting from the official source SkyArk Chronicles, their participation in the Binance Labs incubation program was an important moment. Kelvin Chua, co-founder of SkyArk Studio, stated at the time that this program would play an important role in their mission to "revolutionize NFT gaming with their own assets and game engine."
SkyArk Chronicles Funding Controversy
On January 12, 2024, SkyArk Chronicles announced the acquisition of $15 million US dollars in fresh funding. They claim that the funding was led by Binance Labs, along with participation from 40 other institutions, including big names such as LayerZero CEO Bryan Pellegrino and Tangent Ventures co-founder Darryl Wang.
However, this news was strongly denied by Binance Labs through their official post on January 29, 2024. Binance Labs emphasized that they did not participate in SkyArk Chronicles' latest funding round. These statements raise concerns about the credibility of SkyArk Chronicles, given the significant discrepancies in information.
Binance Labs only acknowledged their investment in SkyArk Chronicles in 2021 through the Season 3 Incubation program. To date, SkyArk Chronicles has not provided further clarification or explanation regarding the inaccuracy of the funding information they previously submitted.
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The Future of SkyArk Chronicles
This funding controversy is certainly a black mark for SkyArk Chronicles. The trust of investors and the blockchain community in this project was tarnished. This has an impact on the uncertainty of the future continuation and success of SkyArk Chronicles.
Nevertheless, the potential of the "Play-to-Own" concept in the realm of blockchain gaming is still very promising. Fans of games and blockchain technology certainly hope that SkyArk Chronicles can quickly resolve their internal problems and refocus on developing games that are innovative and have integrity.
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Conclusion
SkyArk Chronicles is a blockchain game project that offers the concept of in-game asset ownership (Play-to-Own). Even though it has been in the spotlight due to the latest funding controversy, the potential for SkyArk Chronicles to enliven the blockchain gaming space cannot be ruled out.
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How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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