Proof of Play, a business led by Farmville co-creator Amitt Mahajan, raised $33 million to produce Web3 videogames, according to a Sept. 21 statement. Majahan is the CEO of Proof of Play, and Twitch co-founder Emmett Shear is a board member. The financing was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta […]
In this week’s newsletter, read about how market Magic Eden incorporated compressed nonfungible tokens (NFTs) into its platform and how Meta introduced its metaverse videogame on mobile and web. Check out why the Bitcoin Ordinals developer proposes altering the procedure’s numbering system and findout about Atari creator Nolan Bushnell’s pointofviews on play-to-earn videogaming. In other […]
Echoing the momentum of GameFi (gaming and finance) and the great success of Axie Infinity, Gala Games was launched in 2019 to pursue technology development and innovation in play-to-earn (P2E) blockchain gaming. The global market size of blockchain gaming exceeded $4.6 billion in 2022 and is expected to reach around $65.7 billion by 2027, establishing […]
Coinbase layer-2 network Base hit a brand-new peak in terms of day-to-day deals, breaking its previous record when it was released in August, according to information from blockchain explorer BaseScan. Daily deals chart of layer-2 network Base. Source: BaseScan On Sept. 14, the layer-2 blockchain hit 1.88 million deals, surpassing its previous record of 1.41 […]
Nonfungible token (NFT) market Magic Eden has revealed that it will assistance Solana’s compressed NFTs (cNFTs) to offer a cost-effective and scalable alternative to owning digital antiques. Today we’re launching assistance for cNFTs (find them in our popular collections) cNFTs are a brand-new wave of NFT development just possible on Solana. The “c” stands for […]
It’s no trick that standard players harbor a strong sense of ridicule for crypto and non-fungible tokens (NFTs) in their videogames. The factor for this is clear, states Atari creator Nolan Bushnell, it all begun with the outrageous increase of play-to-earn videogames. “I can inform you plainly where this contempt for crypto comes from,” Bushnell […]
The developers of blockchain videogame Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its videogame for United States-based gamers, in order to prevent the prospective ire of the nation’s securities regulator. The videogame, which is due to launch in early gainaccessto in December, will be unlimited for gamers […]
In this week’s newsletter, read about how Google will start permitting videogames including nonfungible tokens (NFTs) to market and promote themselves utilizing its platform and how a designer took $1 million in properties from the Milady NFT collection. Check out how an insurancecoverage business omitted NFTs from a $20-million policy and how the metaverse is […]
CNA Financial, the seventh-largest business insurancecompany in the United States, hasactually leftout nonfungible tokens (NFTs) protection from Schwab Strategic Trust’s policy worth $20 million. In a filing sent to the US Securities and Exchange Commission (SEC), the insuranceprovider connected an exemption to the file, discussing that the bond does not cover any “loss, damage, claim, […]
Rario, a Polygon-based platform releasing cricket-related nonfungible tokens (NFTs), has supposedly seen its creators leave the company after 2 years after introducing. Rario CEO Ankit Wadhwa and chief innovation officer Sunny Bhanot are being pressed out as financiers at the start-up take higher control, TechCrunch reported on Sept. 8. Rario CEO Ankit Wadhwa (left) and […]
Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to challenging macroeconomic factors. The two venues were being built on Salesforce Park and were going to be dubbed the “Sho Restaurant” and “Sho Club Sky Lounge.” The […]
Proof-of-stake (PoS) blockchain platform Avalanche is anticipating 5-10 million deals on a subnet as a Japanese commitment program business that declares to have 100 million users has partnered with the network to bring their mass-scale commitment benefits program into a blockchain. Cointelegraph’s Andrew Fenton spokewith Nick Mussallem, Ava Labs’ head of item at the Korea […]