Sangho Grolleman: Leading the Way in the Cryptocurrency Realm
Sangho Grolleman, the CEO of Cryptopia, is a well-respected figure in the cryptocurrency industry. With his extensive experience dating back to 2018, he has played a crucial role in numerous cryptocurrency startups. Sangho has held various positions, including CEO, COO, and trusted external advisor, showcasing his expertise in entrepreneurship, digital marketing, full stack development, teaching, and training. However, his passion for gaming spans over three decades, making him a multifaceted expert in both the cryptocurrency and gaming realms.
The Importance of Fun in Decentralized Games
During a recent interview on the Bitcoin.com News Podcast, Sangho Grolleman emphasized the critical role of fun in the success of decentralized games. He believes that prioritizing the enjoyment factor is essential for these games to thrive. While blockchain technology and decentralization bring numerous advantages to the gaming industry, such as ownership rights for in-game items and fair profit sharing, the ultimate goal should always be to create a fun and engaging experience for players.
Web3 Technology: Empowering Individuals and Creating a Just Digital Landscape
Sangho Grolleman firmly believes in the transformative potential of Web3 technology. He sees it as an opportunity to address the shortcomings of its predecessor, Web2, and empower individuals to regain control over their digital identities. By returning power to the people, Web3 can create a more equitable and just digital landscape. Sangho advocates for granting gamers ownership rights over their in-game items, ensuring they receive a fair share of the profits. His mission is to infuse sensibility into the unbridled capitalist market mechanism, promoting a more balanced and inclusive gaming industry.
Cryptopia: Delivering an Exceptional Gaming Experience
Cryptopia, under the leadership of Sangho Grolleman, aims to provide gamers with an unparalleled gaming experience that prioritizes enjoyment and genuine character progression. Whether players choose to be strategic Tycoons, adventurous Adventurers, daring Pirates, or righteous Bounty Hunters, Cryptopia offers a wide range of gameplay options to cater to different preferences. The platform also addresses key challenges within the Web3 ecosystem by offering user-friendly access and an integrated multisig wallet. This eliminates the need for players to own cryptocurrency or NFTs before diving into the game. Additionally, Cryptopia's player-run node mesh network efficiently manages networking traffic, ensuring a smooth and exciting gaming experience for all.
Engaging with Cryptopia and Sangho Grolleman
To learn more about Cryptopia and its innovative gaming platform, visit cryptopia.com. You can also join their Discord community or follow the team on Twitter for the latest updates. For more insights from Sangho Grolleman, follow him on Twitter as well.
Bitcoin.com News Podcast: A Source of Valuable Information
The Bitcoin.com News Podcast is a platform that features interviews with leaders, founders, and investors in the world of cryptocurrency, decentralized finance (DeFi), NFTs, and the Metaverse. Stay informed and gain valuable insights by following the podcast on iTunes, Spotify, and Google Play.
Please note that this article is a sponsored podcast. If you're interested in reaching the audience of the Bitcoin.com News Podcast, learn more about advertising opportunities. Make sure to read the disclaimer below for additional information.
Frequently Asked Questions
Which precious metals are best to invest in retirement?
It is gold and silver that are the best precious metal investment. They are both easy to trade and have been around for years. They are a great way to diversify your portfolio.
Gold: The oldest form of currency known to man is gold. It is also extremely safe and stable. Because of this, it is considered a great way of preserving wealth during times when there are uncertainties.
Silver: Investors have always loved silver. It's an ideal choice for those who prefer to avoid volatility. Silver tends to move up, not down, unlike gold.
Platinium is another precious metal that is becoming increasingly popular. It is very durable and resistant against corrosion, much like silver and gold. It is however more expensive than its counterparts.
Rhodium: The catalytic converters use Rhodium. It's also used in jewelry making. It's also relatively inexpensive compared to other precious metals.
Palladium (or Palladium): Palladium can be compared to platinum, but is much more common. It's also less expensive. Investors looking to add precious and rare metals to their portfolios love it for these reasons.
How to open a Precious Metal IRA
The first step in opening an Individual Retirement Account, (IRA), is to decide if it's something you want. You must complete Form 8606 to open an account. Next, fill out Form 5204. This will determine the type of IRA that you are eligible for. This form should be completed within 60 days after opening the account. After this, you are ready to start investing. You may also choose to contribute directly from your paycheck using payroll deduction.
Complete Form 8903 if your Roth IRA option is chosen. Otherwise, the process is identical to an ordinary IRA.
You'll need to meet specific requirements to qualify for a precious metals IRA. You must be at least 18 years of age and have earned income to qualify for a precious metals IRA. For any tax year, your earnings must not exceed $110,000 ($220,000 for married filing jointly). Contributions must be made on a regular basis. These rules are applicable whether you contribute through your employer or directly from the paychecks.
A precious metals IRA can be used to invest in palladium or platinum, gold, silver, palladium or rhodium. But, you'll only be able to purchase physical bullion. This means you won’t be able to trade stocks and bonds.
You can also use your precious metallics IRA to invest in companies that deal with precious metals. This option can be provided by some IRA companies.
However, investing in precious metals via an IRA has two serious drawbacks. First, they're not as liquid as stocks or bonds. It is therefore harder to sell them when required. Second, they are not able to generate dividends as stocks and bonds. You'll lose your money over time, rather than making it.
Are gold investments a good idea for an IRA?
Anyone who is looking to save money can make gold an excellent investment. You can also diversify your portfolio by investing in gold. But gold has more to it than meets the eyes.
It's been used as a form of payment throughout history. It's often referred to as “the world's oldest currency.”
Gold, unlike other paper currencies created by governments is mined directly from the earth. This makes it highly valuable as it is hard and rare to produce.
The supply-demand relationship determines the gold price. The strength of the economy means people spend more, and so, there is less demand for gold. This results in gold prices rising.
The flip side is that people tend to save money when the economy slows. This causes more gold to be produced, which lowers its value.
This is why gold investment makes sense for both individuals and businesses. If you have gold to invest, you will reap the rewards when the economy expands.
Your investments will also generate interest, which can help you increase your wealth. Plus, you won't lose money if the value of gold drops.
Are You Ready to Invest in Gold?
The answer depends on how much money you have saved and whether gold was an investment option available when you started saving. If you're unsure about which option to choose then consider investing in both.
Gold is a safe investment and can also offer potential returns. This makes it a worthwhile choice for retirees.
Most investments have fixed returns, but gold's volatility is what makes it unique. As a result, its value changes over time.
But this doesn't mean you shouldn't invest in gold. This just means you need to account for fluctuations in your overall portfolio.
Another benefit of gold is that it's a tangible asset. Gold is more convenient than bonds or stocks because it can be stored easily. It's also portable.
You can always access gold as long your place it safe. Additionally, physical gold does not require storage fees.
Investing in gold can help protect against inflation. You can hedge against rising costs by investing in gold, which tends to rise alongside other commodities.
You'll also benefit from having a portion of your savings invested in something that isn't going down in value. Gold usually rises when stocks fall.
Another advantage to investing in gold is the ability to sell it whenever you wish. You can easily liquidate your investment, just as with stocks. You don't even have to wait until you retire.
If you do decide to invest in gold, make sure to diversify your holdings. Don't put all of your eggs in one basket.
Don't purchase too much at once. Begin by buying a few grams. Then add more as needed.
It's not about getting rich fast. It's not to get rich quickly, but to accumulate enough wealth to no longer need Social Security benefits.
And while gold might not be the best investment for everyone, it could be a great supplement to any retirement plan.
Statistics
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
forbes.com
- Gold IRA – Add Sparkle to Your Retirement Nest Egg
- Understanding China's Evergrande Crisis – Forbes Advisor
wsj.com
- Saddam Hussein’s InvasionHelped Uncage a Bear In 1989 – WSJ
- How do you keep your IRA Gold at Home? It's Not Exactly Legal – WSJ
bbb.org
finance.yahoo.com
How To
Online buying gold and silver is the best way to purchase it.
First, understand the basics of gold. Precious metals like gold are similar to platinum. It's very rare, and it is often used as money for its durability and resistance. It's difficult to use, so most people prefer purchasing jewelry made from it rather than actual bars.
Today, there are two types available in gold coins: one is legal tender and the other is bullion. Legal tender coins are those that are intended for circulation in a country. They typically have denominations of $1, $5 or $10.
Bullion coins are minted for investment purposes only, and their values increase over time due to inflation.
They aren’t exchangeable in any currency exchange. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. Each dollar spent earns the buyer 1 gram gold.
When you are looking to purchase gold, the next thing to know is where to get it. There are several options available if your goal is to purchase gold from a dealer. First, your local currency shop is a good place to start. Another option is to go through a reputable site like eBay. You can also purchase gold through private online sellers.
Private sellers are individuals that offer gold at wholesale or retail prices. Private sellers charge a 10% to 15% commission per transaction. A private seller will usually return less money than a coin shop and eBay. This option is often a great choice for investing gold as it allows you more control over its price.
You can also invest in gold physical. Physical gold is much easier to store than paper certificates, but you still have to worry about storing it safely. Physical gold must be kept safe in an impassible container, such as a vault.
A bank or pawnshop can help you buy gold. A bank will provide you with a loan that allows you to purchase the amount of gold you desire. The pawnshop is a small business that allows customers to borrow money to buy items. Banks charge higher interest rates than those offered by pawn shops.
You can also ask for help to purchase gold. Selling gold can be as easy as selling. Contact a company such as GoldMoney.com, and you can set up a simple account and start receiving payments immediately.
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By: Media
Title: Fun Is Key to the Success of Decentralized Games, Says Cryptopia CEO Sangho Grolleman
Sourced From: news.bitcoin.com/fun-is-critical-to-making-decentralized-games-a-success-cryptopia-ceo-sangho-grolleman/
Published Date: Fri, 03 Nov 2023 05:00:10 +0000
