BetFury has announced its partnership with BurgerCities, unveiling a new play-to-earn game for crypto enthusiasts. The game offers players the opportunity to win branded NFTs, promo codes, and bonuses within an ecosystem of crypto products for entertainment and additional income. BetFury’s platform focuses on providing cryptocurrency products with entertainment elements, while BurgerCities is a MetaFi platform with its own decentralized exchange and NFTs. As part of the partnership, a giveaway will be held, awarding 100 branded NFTs to winners selected through free spins and bets. The duration of the deal has yet to be determined.
Cryptocurrency Regulation in the UK:
In a recent report, the UK Treasury suggested that cryptocurrencies should be regulated as gambling. A parliamentary committee raised concerns about cryptocurrencies like Bitcoin, stating that they lack intrinsic value and serve limited social purposes. The committee also highlighted the widespread use of cryptocurrencies by criminals for scams, fraud, and money laundering. Due to the volatile nature of cryptocurrencies, the report emphasized the potential risks to consumers and the need for effective regulation to protect them.
Chair of the Treasury Committee’s Response:
Harriett Baldwin MP, Chair of the Treasury Committee, commented on the report, emphasizing the need for regulation to safeguard consumers and support innovation in the financial services industry. The events of 2022 highlighted the risks posed by the crypto asset industry, which is still largely unregulated. Baldwin stressed the importance of effective regulation to protect consumers from harm and foster responsible innovation within the UK’s financial landscape.
BetFury-BurgerCities Partnership:
The partnership between BetFury and BurgerCities aims to provide crypto enthusiasts with engaging play-to-earn experiences. By combining their respective platforms, the companies offer users a chance to win valuable prizes, including branded NFTs, promo codes, and bonuses. BetFury’s focus on cryptocurrency products with entertainment aspects complements BurgerCities’ MetaFi platform, which encompasses a decentralized exchange and NFT ecosystem. The partnership’s duration will be determined at a later date, providing an opportunity for users to explore and benefit from the collaboration.
The Play-to-Earn Concept:
Play-to-earn games have gained popularity in the crypto space, offering players the ability to earn valuable rewards through gameplay. This emerging trend allows individuals to monetize their time and effort spent within virtual worlds and gaming platforms. The partnership between BetFury and BurgerCities taps into this growing demand, providing users with an interactive and potentially lucrative gaming experience.
BetFury’s collaboration with BurgerCities introduces a new play-to-earn game, offering crypto enthusiasts the opportunity to win branded NFTs, promo codes, and bonuses. As the popularity of play-to-earn games continues to rise, this partnership provides users with an engaging and potentially rewarding experience. Meanwhile, the UK Treasury’s report calling for cryptocurrency regulation as gambling highlights the need for effective measures to protect consumers and foster responsible innovation. BetFury’s partnership exemplifies the ongoing evolution of the crypto industry, combining entertainment elements and crypto products to create unique and engaging experiences for users.