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

Starknet Foundation forms Gaming Committee with $125 million budget

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.”

The committee has six members, including Henri Lieutaud, Starknet’s developer relations head; Chris Lexmond, the founder of Unstoppable Games; and Gabin Marignier, a co-founder of Web3-based productivity app Focus Tree.

Other members are Oli Feuler, Starknet ecosystem developer from Starknet development firm StarkWare; Tarrence van As, co-founder of Starknet-based “gaming console” Cartridge; and the pseudonymous creator of Starknet-based game Realms World known as “LordOfAFew” or “LOAF.”

It comes as Starknet’s network activity continues to drop, even after StarkWare changed a STRK token unlock schedule over concerns the original plan allowed early investors to dump on retail users.

NFT prices fall even as ETH price rises

The prices of top nonfungible tokens (NFTs) continued to fall on March 12, even as Ether (ETH) hit two-year highs.

The ETH-denominated floor prices — the lowest possible price — for seven out of the 10 top traded collections on NFT marketplace Blur are down in the last 24 hours, even as ETH’s price over that same time is up around 5% and above $4,000 for the first time since late 2021.

Screenshot of the top 10 Blur collections by 24-hour ETH-denominated volume shows just three in the green on their floor prices…..

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