Web3 gamers of the world to unite on first-ever esports tournament at Istanbul Blockchain Week
Istanbul Blockchain Week is coming, and within its extensive program, blockchain gaming company W3E will host the world’s first Web3 esports tournament on November, 17. Let’s go over the event’s highlights and key figures.
White House presents framework for crypto industry regulation in the USA
U.S. State authorities strive to oversee the crypto industry. September 16 was marked with an issue of a first-ever comprehensive framework for the responsible development of digital assets in the USA. What are the document’s highlights and why might it be far-reaching for the dynamics of the crypto economy?
How Ethereum Merge aroused NFT community
The Merge’s impact on the NFT market cannot be disregarded. While once the most popular and most-affected NFTs are seeing a sudden surge in sales, other brand-new PoS tokens are minted in celebration of the occasion. Let’s zoom in on what’s happening in the post-merge market.
Happy New Merge: Ethereum goes on PoS, so what’s now?
The long-promised switch finally happened – on September 15, the Ethereum network changed its consensus mechanism for Proof-of-Stake. Some already called it a historical moment that spelled the end of the mass video cards mining era, others portend the dawn of energy-efficient mining – so let us see why.
Mythical Games working on Ethereum-compatible chain ahead of upcoming Merge
Ahead of Ethereum’s switch to the proof-of-stake model, Mythical Games has announced its own chain compatible with the EVM (Ethereum Virtual Machine). The team behind Blankos Block Party is looking forward to reducing gas fees for gamers.
Solana Ventures backs Crypto Fantasy Town, blockchain game with its own NFT lending system
Crypto Fantasy Town, an upcoming blockchain game based on the mobile title of the same name, has closed a seed investment round. It is a social sim project, which also offers the NFT lending system to lower the cost of entry.
Swiss crypto bank Sygnum to open metaverse hub in Decentraland to showcase its ‘Web3 innovations’
Sygnum is the first Swiss bank to have its own metaverse residency. The crypto company and virtual asset manager has announced the opening of a digital hub in Decentraland. It will feature an NFT gallery and space for virtual conferences.
Blockchain game developer Xterio raises $40 million to create new generation of Web3 titles
Web3 game developer and publisher Xterio has raised $40 million in a new funding round. The Swiss company plans to build a social gaming platform and create free-to-play cross-platform blockchain titles based on its own IPs.
Report: crypto companies laid off almost 5,000 employees this year, with Coinbase cutting over 1,000 people
The ongoing crypto winter, which has wiped out almost $2 trillion in value from the market, has affected blockchain companies across the globe. This has resulted in nearly 5,000 people losing their jobs in recent months.
Animoca Brands to raise $100 million in new round led by Singapore’s state fund Temasek
Crypto giant Animoca Brands, now valued at $6 billion, is preparing for a new $100 million funding. The round will be led by Temasek, a Singapore’s state investment fund with net portfolio value of hundreds of billions of dollars.
Phil Spencer explains his cautiousness about P2E games: “It creates a worker force out of players”
Xbox head Phil Spencer has shared his thoughts on the latest trends in GameFi. He expressed his concerns about the play-to-earn model and explained why a lot of gamers now don’t like the concept of the metaverse.
Crypto gaming DAO Matchbox raises $7.5 million to become ‘on-chain version of Unreal Engine’
MatchboxDAO, a community of on-chain game developers, has raised $7.5 million at a $50 million valuation. The team will promote development on Ethereum scaling platform StarkNet and build infrastructure for on-chain titles.
PlayNFT launches platform allowing streamers to create NFTs with in-game utility
PlayNFT has raised over $300k for its new cross-chain platform. It will let Twitch and YouTube streamers create their own NFTs that can be used in blockchain games. However, the project leaves more questions than answers about the way it works and titles it supports.
Animoca Brands and its subsidiary Lympo bring chess to blockchain in new Web3 game Anichess
Animoca Brands and its subsidiary Lympo have announced a partnership with chess digital services provider Play Magnus Group. Together, the three companies are working on Anichess, a play-and-earn game that is said to “merge the worlds of chess and GameFi.”