Blockchain at Reichman University

26/11/2022

Play to earn - will the crypto market change the gaming industry?🎮🎮

The global gaming industry is currently estimated at 196.8 billion dollars when it is estimated that there are 3.2 billion gamers. For comparison, the movie industry is a $100 billion industry, and the music industry is a $25 billion industry.
It is estimated that the gaming industry will reach 340 billion dollars in 2027, and currently the industry is enjoying a growth of 8.94% per year.

So what are the main models of game companies through which they make money?
1. The sale of the games themselves, some games are sold at a cost of between 50-80 dollars per game and this serves as a very nice income stream for gaming companies.
2. Extras and Premium Features for the game for an additional fee.
3. Data collection and sale
4. In-game advertisements.

In 2017, a new model was created, which many believe is a Gamechanger, A model called "Play to Earn"-
In this model, which combines cryptocurrencies and NFTs, both the developers of the game and the users can generate a nice financial profit in addition to enjoying the game itself.

How does It Work?
The game companies issue game currency and usually also NFTs, they let players earn coins\\NFTs while playing which can be converted into money later. The gaming company owns a digital asset that the more trading volume and the more use there is of their digital asset, its value increases, and the users enjoy earning money while playing the game itself.

A few examples:
1. At the end of 2021, the coins of the game Axie Infinity reached a market value of 9 billion dollars (that is, the company that owns the game, in addition to all its assets, owned an asset worth 9 billion dollars.)
2. In the last year, the three biggest games in this model brought in about 1.2 billion dollars from NFTS/currencies (not far from Fortnite which brought in 1.5 billion dollars.

So why is it so revolutionary?
Up until now, gamers played for fun only, today gamers can play, enjoy and while playing make money, the potential of this thing in developing countries is nothing less than crazy.

We will give you an example:
the average salary in Vietnam is $150 a month, and players who play about 12-14 hours a day and understand the concept can make $1000+ a month. Almost 7 times the average salary in Vietnam, parents will start sending their children to play computer games to bring home money, because it is more profitable than working in a factory.

There are a few problems with that model, but the main problem is that a lot of non-gamers are getting into the game only for the money. Because the goal here is to make money they sell their in-game assets without considering other factors like rarity, levels, etc which creates inflation in the value of the currency and nft. Therefore, the game's and the model's value decreases for the other players.

In conclusion, there is room for improvement but the gaming industry combined with blockchain and crypto is expected to provide us with many opportunities that are worth following.🧐😎

22/11/2022

Two days ago, the opening event of the club took place, first of all, it is a great privilege to be a bridge for students to the world of blockchain and crypto. It's exciting to see the great curiosity and interest they have in the subject💡


At the first meeting, we had the honor of hearing the lecture of Ben Samocha, who, beyond being an entrepreneur in the field, is first of all an amazing person.
In the lecture, Ben spoke and taught us about -
· History of money
· What is blockchain?
· What are Bitcoin and Ethereum, and what is their role in the coming economic change.
The lecture was amazing and taught us the basics before diving deeper.


Later we will hear lectures on DAOS, NFT, DEFI, and other topics that will give students in-depth knowledge of the field.


Thanks to everyone who took part, can't wait for the next meeting!
See you 🙏🏼

20/11/2022

After months of preparation, planing, meetings, recruiting industry-led lectures, orientation week and interviews, it’s finally happening.
ReichmanU crypto club is starting a new journey with amazing students who are just as exited as we are to start this experience.

Today at 19:00 the first meeting of the crypto club is underway ⏱

Can’t wait to see you 💫🤩

11/11/2022

In the last few days, there were several incidents that had a sharp impact on the market. So this post is going to explain how it all happened.

FTX exchange- the second largest exchange by trading volume started to run into liquidity problems, what does this mean?
People are trying to get the money out of their holdings in a panic, and FTX has no money to pay their worth. In fact, most of FTX's collateral (money in case of emergency) was in FTT currency, the official currency of FTX and Because of all the panic and rumors that FTX doesn't have enough collateral, the FTT coin dropped in price, which caused its collateral value to be reduced even more!
As the situation unfolded and got worse, Binance CEO - CZ came into the picture and said he was researching to buy FTX (this morning he announced that he no longer wants to buy FTX after a finding he made)
And that's why the market dropped significantly - FTX started to liquidate positions (sell crypto with no other choice).
as they sell, positions in the market started to liquidate, which caused even further selling and drops.
Following this case, many people lost assets and a lot of money, which shows us that even though the market is developing and gaining momentum, it is important to know how to calculate risks. Beyond that, cases like this often signal the bottom and the beginning of a better period, so there is reason to remain optimistic.

09/11/2022

Crypto on the bar 💰🍷
Today we heard ben samocha from CryptoJungle, talking about the history of money, what is blockchain, why the technology has such an important role in the future of our economy, and recent activities in the market.

We also had the honor to listen to ilan shterk, CEO of horizon by altshuler shacham.
Ilan gave us an inside look on how institutional investors and companies see the field and his future.
Many thanks to both of them, it was amazing 🤩

You still haven’t signed up to the crypto club??
If you’re interested in learning more, tomorrow is the last day to sign up to the clubs.
Registration is through the ReichmanU app.

Looking forward to see you this semester 🙂

03/11/2022

Proud to present a super interesting event with leading speakers in the industry!

Your chance to enter the crypto world ₿

We are pleased to invite you to a special event with Ben Samuha, the founder of CryptoJungle and the leading crypto influencer in Israel who will host Ilan Stark, CEO of Horizon - for "my first crypto" evening

At the event you will learn:

• What are digital currencies?

• What is a private wallet?

• The different ways in which you can purchase digital currencies.

In addition, you will hear directly from Ilan, how institutional investors in the world, such as pension funds, insurance companies and the largest investment funds in the world see the field and its future!

The event will take place on 9.11.22 between the hours of 19:00 - 22:00 at Dizzy Frishdon - 121 Dizingoff, Tel Aviv

the number of seats is limited!

To purchase tickets 👇🏻

‏https://lnkd.in/d5hyYrDE

*Ticket includes free drink ;)

גאים להציג אירוע סופר מעניין עם מרצים מובילים בתעשייה!
ההזדמנות שלכם להיכנס לעולם הקריפטו ₿

אנו שמחים להזמינכם לאירוע מיוחד עם בן סמוחה, מייסד CryptoJungle ומשפיען הקריפטו המוביל בישראל אשר יארח את אילן שטרק, מנכ״ל הורייזון- לערב ״הקריפטו הראשון שלי״

באירוע תלמדו:
• מהם מטבעות דיגיטליים?
• מהו ארנק פרטי?
• הדרכים השונות בהן ניתן לרכוש מטבעות דיגיטליים.

בנוסף תשמעו ישירות מאילן, כיצד משקיעים מוסדיים בעולם, כגון קרנות פנסיה, חברות ביטוח וקרנות ההשקעה הגדולות בעולם רואים את התחום ועתידו!

האירוע יתקיים ב9.11.22 בין השעות 19:00 - 22:00 בדיזי פרישדון - דיזינגוף 121, ת״א

מספר המקומות מוגבל!
לרכישת כרטיסים 👇🏻

‏https://lnkd.in/d5hyYrDE

*הכרטיסים כוללים שתייה ראשונה בחינם ;)

28/10/2022

The following graph shows internet adoption vs. crypto adoption.

The internet and crypto have a lot in common, they are both advanced technologies that changed and will keep on changing the way we live.

At the beginning of the internet, probably most of us were too young to remember, but it was no less difficult than that of crypto, the vast majority of predictions at that time about the future of the Internet were often pessimistic and dismissive, but were ultimately wrong.
So similar to the internet, people who believed in crypto, in the beginning, were few and were called crazy, but slowly we see the trend changing.

More and more crypto companies are being established and beyond that, leading companies such as:
-Facebook
-Microsoft
-Nike
and more are already operating in the field and trying to get ahead of everyone else.
Will history repeat itself? The answer is that it is impossible to know, but if you believe in the crypto and blockchain world, the best time to start is now!

17/10/2022

We are back!
After a while, the crypto and blockchain club is making its comeback.
We are working hard to prepare an amazing semester for you.

We will have:

- we will learn about blockchain and cryptocurrency from the ground. (no prior knowledge needed!)
- Lectures by leading industry personnel
- guided tours in companies working in the field.

and more!

Besides campus activities, we will be operating on social media to provide the latest news, provide jobs in the field, etc.

So if you're just starting to learn about the field, and even if you have some knowledge and you would like to expand it,
your place is with us!

17/09/2022

Have an interest in Crypto currencies? This opportunity is for you!

We are looking for a manager that will be in charge of social media and marketing!

The crypto revolution has seen exponential growth in the past few months and caught the world by storm. This hype has not passed over our heads and We are currently hard at work planning the next semester and have decided to bring on more manager to help us expand the club. Join us and be a part of the financial revolution!

This is also a perfect chance to help run a fast-growing club on campus and gain valuable management & marketing experience while providing immense value to fellow IDC students.

Ideal candidate:
*Experience with Blockchain and Cryptocurrencies
*A "can-do" attitude
*Ability to think outside the box and come up with unique solutions
*Can handle unexpected hurdles

If this sounds like you, please send us a direct message through Facebook and we will be happy to talk.

-The IDCrypto Team

11/02/2022

hey guys 👨‍🎓
We are excited to annonce that the registrations for the 2nd semester are officially open !! 🚀📈, we would love for you to join us!

The club meetings will take place every Wednesday evening and will be held in English.

Looking forward to meet you 🔥

Feel free to fill out this registration form: https://lnkd.in/eTmesjR4

https://lnkd.in/eTmesjR4

If you are a student at the IDC 🧑‍🎓 and you have the desire to learn and take part in the great change brought by blockchain technology and cryptocurrency 🪙, Apply now and join us! The program will include practical experience in the cryptography world and will be passed on by leading exp...

23/01/2022

Hey guys, hope you've missed us! We are back and ready to roll!✅🍾

We are now open and ready to give every IDC student a chance to take part in this exclusive group filled with talented and motivated students👨‍🎓👩‍🎓. This will be a platform for all of us to create a community around blockchain and crypto-currencies with an entrepreneur mindset. We will help you discover and learn everything there is to know about Bitcoin, NFT, Web 3.0 👨‍💻…, connect with the professional world and so much more…
Can’t wait to start this journey with you!

We invite you to take part, share, and use this community as much as possible 📱

Stay tuned for registrations📣