Nifty News: Starknet’s new gaming body gets $125M, NFTs fall as ETH rises, and more

The Starknet Gaming Committee will look to bankroll game devs as the blockchain’s activity keeps sliding and NFT floor prices drop even as ETH rises.

The Starknet Foundation, which is behind the Ethereum layer-2 blockchain Starknet, has formed a committee to drive gaming on the network and set aside $125.5 million worth of tokens to bankroll the body.

The Gaming Committee will “analyze, strategize, and recommend programs to expand Starknet’s gaming ecosystem,” with 50 million Starknet (STRK) tokens put aside to fund its proposals, Starknet said in a March 11 blog post.

“The Committee is tasked with designing and recommending programs to incentivize developers to build games on Starknet and to incentivize players to use them,” Starknet added. “Its success will be measured by usage metrics like daily active users, retention rates, and revenue.”

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Source: https://cointelegraph.com/news/starknet-gaming-committee-fund-nifty-news