In early 2021, Yuga Labs burst onto the scene with its groundbreaking Bored Ape Yacht Club NFT project on Ethereum. The company’s meteoric rise was solidified with a peak valuation of $4 billion and a successful $450 million funding round in 2022. However, despite these achievements, Yuga Labs recently announced a significant restructuring initiative that
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The TON Foundation has recently made an announcement regarding an airdrop opportunity for active NFT traders and holders. This airdrop will distribute 105,600 TON tokens, equivalent to around $600K, to eligible participants on popular Ton NFT marketplaces. The TON Foundation is a non-profit organization focused on promoting and developing the Ton blockchain. This blockchain is
The rise of blockchain technology has brought significant changes to the gaming industry, challenging traditional models with decentralized alternatives that prioritize player ownership and new revenue streams. In this landscape, Beam shines as a gaming-focused subnet on the Avalanche Network, offering a fast and secure platform for developers and gamers alike. The Unique Approach of
NuggetRush is not your average game. It immerses players in a 3D mining metaverse, offering a plethora of resource-rich lands to explore. Whether you prefer solo adventures or team gameplay with friends, NuggetRush provides the tools and machinery necessary for efficient resource mining. One of the standout features of NuggetRush is its NFT characters with
Charles Hoskinson, the founder of Cardano, is delving into the world of blockchain gaming with his latest venture. The first game to come out of this endeavor is Voyager: Ascension, a fast-paced sci-fi shooter developed in collaboration with RFLXT, a company under the IOG portfolio. This game, reminiscent of Overload, is now available for free
Meta has recently announced its plans to expand its Meta Quest ecosystem by allowing third-party manufacturers, such as Xbox and Lenovo, to use the Meta Horizon OS operating system in their devices. This move is expected to revolutionize the metaverse and make mixed-reality technologies more accessible to a wider audience. Meta has been investing in
As the gaming industry continues to evolve and expand, exciting new opportunities arise for both developers and players alike. The Machines Arena is one such opportunity, a top-down MOBA game set to launch its open beta version on April 23rd. With a unique approach to team-oriented gameplay and a range of new features, The Machines
The recent Bitcoin halving has caused ripples in the cryptocurrency world, marking a significant event where the creation rate of new coins is cut in half every four years. This phenomenon has far-reaching effects on the entire crypto market, including the emerging realm of Web3 gaming. But how exactly does this pivotal event influence the
Yuga Labs, the creator of the popular Bored Ape Yacht Club (BAYC), recently made a bold move by burning 4,295 HV-MTL NFTs. This decision was triggered by the acquisition of two gaming IPs by the blockchain gaming studio Faraway. By burning a significant portion of the HV-MTL NFTs, Yuga Labs aimed to create scarcity and
The recent announcement of Sony and Microsoft’s plans to integrate blockchain into their consoles marks a significant turning point in the gaming industry. This move towards incorporating NFTs into Playstation and Xbox games has the potential to revolutionize the way gamers interact with virtual assets. But before delving into the impact of NFT integration, it
Yuga Labs, a prominent player in the gaming industry, recently announced the sale of two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a well-known Web3 gaming studio. This strategic move by Yuga Labs aims to concentrate its efforts on the development of its two major projects, Otherside and
Illuvium, a decentralized gaming platform, has recently announced an airdrop program that will distribute 250,000 ILV tokens worth $25 million. This initiative is designed to reward community members and enhance their engagement within the ecosystem. Airdrops are typically used by startups as marketing strategies to distribute free tokens or coins to their target audience. However,
Avalon, a Web3 gaming studio, recently secured $10 million in funding with Bitkraft Ventures and Hashed leading the round. This funding aims to accelerate the development of Avalon’s first blockchain gaming title, which is set to revolutionize the world of gaming. The MMO game empowers players to create, share, play, and own their experiences within
In a groundbreaking collaboration, the move-and-earn lifestyle app, STEPN, has teamed up with global sportswear giant Adidas to introduce the limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This strategic partnership signals the start of a long-term relationship between the two industry leaders, promising a series of NFT drops and physical wearable items in the
Dentsu Inc. has recently announced a groundbreaking partnership with Chiru Labs, the creative force behind the Azuki NFT project. Together, they are embarking on a new venture to develop an anime anthology series called “Enter The Garden,” leveraging the unique Azuki IP. Renowned anime director Goro Taniguchi, known for his exceptional work on projects such
Dapper Labs, the company known for its successful NFT projects like NBA Top Shot and CryptoKitties, recently found itself under scrutiny by the U.S Securities and Exchange Commission (SEC). The case came to a close in September 2023, leaving many wondering about the specifics of the investigation and its impact on Dapper Labs and the
The SuiPlay0x1, developed by Playtron in partnership with Mysten Labs, is a portable gaming device that aims to revolutionize the handheld gaming industry. This innovative device offers a unique combination of traditional and blockchain gaming options, making it stand out from other handheld gaming devices in the market. One of the key features of the
Gunzilla Games, a prominent video game developer, recently made headlines with their announcement of integrating the GUNZ blockchain into the popular NFT marketplace OpenSea. This innovative move allows players to trade in-game items for Gunzilla’s upcoming first-person battle royale shooter, Off the Grid, and future games on the Avalanche-based chain. The GUNZ blockchain, built on
Immutable, a leading blockchain gaming company, has recently announced their upcoming expansion pack for the popular trading card game, Gods Unchained. This expansion, called Dread Awakening, is set to revolutionize the gaming experience for players by introducing new game mechanics and a crossover with the highly anticipated blockchain game, Guild of Guardians. The Dread Awakening
Recently, the Swedish tax authority, Skatteverket, made a significant announcement regarding the taxation of Non-Fungible Tokens (NFTs). This ruling reflects the growing importance of NFTs in the digital realm and aims to clarify the Value-Added Tax (VAT) treatment of these digital assets. According to the authority, NFTs associated with digital works are subject to the
Recently, Binance’s NFT marketplace made a major announcement regarding the future of Bitcoin Ordinal NFTs on its platform. After April 18, users will no longer be able to buy, deposit, bid on, or list these unique digital assets. This decision marks the end of an era for Bitcoin Ordinals on Binance, as the platform shifts
The Coachella Valley Music and Arts Festival, popularly known as Coachella, has stood the test of time since its establishment in 1999. With its reputation for attracting top-tier musical acts, stunning art installations, and trendsetting attendees, Coachella has cemented its status as a cultural powerhouse in the music festival scene. As technology continues to advance
In the fast-evolving world of cryptocurrencies, a new player has emerged and captured the attention of millions – Notcoin. This Telegram-based clicker game developed by Open Builders has become a sensation within the community. With its upcoming token launch on The Open Network (TON) scheduled around April 20, Notcoin is poised to make a significant
ALTAVA, a trailblazer in the digital fashion realm, has joined forces with Play TOZ, a Web3 division of WEMADE PLAY, to introduce a groundbreaking partnership set to enhance the TOZ Universe, a Web3 Metaverse community. This innovative collaboration aims to blend digital fashion with user engagement within the vast virtual world of TOZ Universe. At
WAX has recently made a groundbreaking announcement regarding its partnership with Amazon Web Services (AWS) to integrate its blockchain tools into the Amazon Managed Blockchain (AMB) service. This strategic move is aimed at streamlining the development process for blockchain-based games and applications by providing direct access to WAX’s Web3 networks through the AWS console. By
Nakamoto Games, a Web3 gaming hub, is gearing up for three major releases in the near future, signaling a pivotal moment in the company’s journey. These upcoming launches are poised to make a significant impact in the gaming industry and solidify Nakamoto Games’ position in the market. The first of the three releases is GalacticGrail,
In the fast-paced realm of cryptocurrency, new coins and tokens emerge on a regular basis. One of the latest additions to the scene is Poopcoin, created by Jordan Castro, also known as Poopie. Launched just a mere ten hours ago, Poopcoin has already generated a staggering $60 million in trading volume. Despite this initial success,