Oct 29, 2021

Squid Game cryptocurrency soars 2300% in first few days

If you're a fan wanting to express your devotion to the hit Korean Netflix show Squid Game - well, there's a cryptocurrency for that. Squid is what is known as a "Play-to-earn" cryptocurrency, where people buy tokens to play in online games where they can earn more tokens. In the case of Squid, many buyers will be gamers looking to play in an online game of the program, which begins in November. Play-to-earn games have grown increasingly popular during the pandemic as the surge in online gaming encouraged the development of the GameFi technology sector which combines entertainment with real tools for earning money. It's not just crypto traders that have benefited from Squid Game's popularity.

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