Leading global game developer, Wemade, has reached an agreement to incorporate MYSTiC GAMES, making it the first Swedish game studio to deploy games on WEMIX PLAY. A Growing Game Library With over 9 million users globally, WEMIX PLAY provides nearly 40 web3 games, including the popular titles MIR4 and its sequel, MIR M: Vanguard and…
Aqua, a gaming NFT marketplace, has officially ceased operations, according to a post by CEO Sean Ryan on LinkedIn. This move comes in response to the slower-than-anticipated scaling of the Web3 gaming market, rendering Aqua’s continued operations untenable. Aqua’s Mission and Challenges Developed in 2022 by Sean Ryan, a former VP at Facebook, Aqua sought…
Two pieces of artwork inspired by Vincent van Gogh’s work have commanded significant attention in the crypto market. These pieces, converted into digital format and tokenized, have fetched more than $2.5 million. One particular NFT inspired by a Van Gogh painting was sold for $1.3 million, whereas the second one fetched consecutive $1.27 million at…
Disney, in collaboration with Dapper Labs, has announced the development of ‘Disney Pinnacle,’ a digital collectible platform inspired by the fan-favorite Disney theme park pins. This unique platform aims to bring the magic of Disney pins into the NFT space. NFTs Meet Disney Pins Disney Pinnacle combines the thrill of Disney pin collecting with the…
The Non-Fungible Token (NFT) market is experiencing a resurgence, led by CryptoPunks, an NFT collection seeing a major increase in trading volumes and prices. CryptoPunks: A Lucrative Investment Over the past week, the trading volume of CryptoPunks surged from $200,000 to $3 million, marking a 1000% increase and propelling it to the top of Ethereum-based…
Gucci, the renowned luxury fashion brand, has broadened its horizon in the digital space by introducing Gucci Cosmos Land within The Sandbox metaverse. This initiative presents an innovative approach to experiencing the brand’s rich heritage through an immersive virtual representation of Gucci’s London archival exhibition. Exploring Gucci’s Heritage Gucci Cosmos Land is a meticulously crafted…
Saudi Arabia has made a significant move by investing $50 million in Animoca Brands, a leading provider of blockchain-based digital entertainment and gaming products. The investment aims to promote the adoption of crypto technology in the region and reinforce Saudi Arabia’s futuristic city project Neom. This strategic collaboration signifies the kingdom’s commitment to economic diversification…
Google Cloud has recently formed a strategic collaboration with MultiversX, a leading blockchain infrastructure firm, in an effort to establish a stronger foothold in the metaverse. With this partnership, Google Cloud aims to expand its Web3 presence and provide Web3 projects with powerful data analytics and AI tools from its ecosystem. Data Analytics and AI…
In a recent move that signals changing perspectives on the crypto-gaming frontier, the French National Assembly has ratified the Sorare law. This legislation forms an integral part of the expansive Digital Space Regulation Law (SREN), laying down guidelines for the burgeoning video game industry that leverages Non-Fungible Tokens (NFTs) and cryptocurrency-based monetization. The “Jonum Regime”…
In the ongoing FTX fraud trial, an email correspondence has surfaced, shedding light on the relationship between FTX founder Sam Bankman-Fried and the Bahamian government officials. FTX’s Ties with Bahamian Officials An email, which was presented in court as evidence, indicates that Bahamian Prime Minister Philip Davis had approached Sam Bankman-Fried, seeking advice for his…
The U.S. Circuit Court of Appeals is currently reviewing a trademark lawsuit against artist Ryder Ripps. The core of the dispute lies in Ripps’ reproductions of the Bored Ape Yacht Club NFTs, which are originally the creation of Yuga Labs. Ripps’ Defense and Yuga Labs’ Counterfeit Claims In a move to counter the allegations, Ripps’…
The World of Women (WoW) NFT project is joining forces with WS Game Company, under a license from Hasbro, to unveil a special edition of Monopoly named Monopoly: WoW Galaxy Edition. This exciting release is scheduled for October 17, marking a significant crossover between traditional board games and the burgeoning NFT space. Celebrating WoW’s Web3…
PayPal is entering the NFT space. This strategic move is accompanied by a patent application that offers insight into PayPal’s vision for an NFT marketplace within its ecosystem. While PayPal already plays a significant role in digital transactions, this venture into NFTs underscores its ambition to establish a substantial presence in the evolving digital asset…
Startale Labs Japan has recently garnered attention for being selected by Kumamoto Prefecture for a Digital Transformation (DX) demonstration project. Kumamoto Prefecture, situated on the island of Kyushu in Japan, is a significant producer of Kuma Shochu. This traditional distilled spirit, although rich in history and quality, faces the challenge of limited brand recognition and needs…
OpenSea is under scrutiny following reports of a significant compromise in its API. On September 23, 2023, numerous users came forward with messages they claim to have received from OpenSea, alerting them to a security breach. These messages pointed to an intrusion by one of OpenSea’s third-party partners, which may have led to the exposure…
The digital age has ushered in new avenues for businesses to connect with their consumers, and Walmart is keen to tap into these evolving spaces. As the boundaries blur between real and virtual, there’s a growing emphasis on meeting customers within the virtual domains they frequent. The metaverse, characterized by its 3D environments and interactive…
Magic Eden is pioneering the adoption of Solana’s compressed NFTs (cNFTs), positioning itself at the forefront of this emerging trend. As NFT enthusiasts continually search for scalable and cost-effective solutions, the incorporation of cNFTs may mark a new era of digital collectibility. A Cost-Effective Approach to NFT Minting Traditional NFTs on the Solana network, while…
The U.S. Securities and Exchange Commission (SEC) has recently taken action against the creators of Stoner Cats, alleging an unregistered offering of crypto asset securities in the form of NFTs. These NFTs were intended to finance the production of the animated web series “Stoner Cats.” Star-Studded Animated Series Stoner Cats is not just any animated…
In a recent development, Telegram messaging app announced a partnership with the TON Foundation to introduce a self-custodial crypto wallet, aptly named TON Space. Slated for a November release, this step is in line with the emerging preference for self-custodial wallets among tech enthusiasts and the general public alike. Understanding Self-Custodial Wallets Self-custodial wallets offer…
Renowned fashion brand Diesel is venturing into the NFT space by collaborating with Public Pressure, a platform dedicated to Web3 culture and music. The partnership aims to release a limited edition of 300 NFTs named “Metamorph.” These digital collectibles will be minted on both the Polkadot and Polygon blockchain networks. The initiative marks a significant…