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The field of crypto investment is fraught with difficulty. There has been an increasing number of crypto scams taking place and most investment is done in the context of media hype and emotional investment. Even those who keep their funds safe and are immune to hype don’t make the
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Goons of Balatroon (GOB), a 2D and 3D hybrid metaverse incorporating NFTs on ETH, Immutable X and the Elysium blockchain, has raised $2.46 million in a seed and private funding round led by Merit Circle and Jun Capital. Funding a “Fun, Rebellious, and Humorous” Trading Card Game Metaverse In
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Over a decade ago, Satoshi Nakamoto deployed blockchain to develop the premier crypto, Bitcoin. Described as a decentralized distributed ledger that stores information in a secure, permanent, and immutable manner, blockchain has evolved since 2008 and has been used to create various other projects like Ethereum. Unlike Bitcoin, Ethereum incorporated
As the NFT mania continues to spread like wildfire, a handful of state departments in China are beginning to embrace digital collectibles. Tax bureaus in Shanghai and Chengdu are on Tencent’s blockchain to release NFTs. While Chengdu’s tax office released 1,000 NFTs on Tuesday in commemoration of
Although Ethereum has continued to dominate the NFT scenes, Solana is quickly becoming a worthy rival as new projects attract fresh capital to the rising rival. Interestingly, a new Solana NFT project has smashed previous records, generating more trading volume than its Ethereum counterparts. Okay Bears, a collection of 10,
Much to the dismay of many members of the NFT community, one of the core team members behind the NFT project Moonbirds has launched out to start his own NFT-focused fund. Moonbirds, an NFT collection of 10,000 owl avatars, instantly became a hit in the NFT community. Launched on
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A new memecoin has entered the market, paying tribute to a true legend of crypto. PumpIT is a community-focused cryptocurrency and launchpad inspired by TV personality, crypto investor and one of the most charismatic twins in the world, Grichka Bogdanoff. Memecoins are cryptocurrencies which make reference to internet memes and
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Albeit barely known in the inner gaming circle, Aleksandr Agapitov has built one of the most prominent brands in the $135 billion video game payment industry—Xsolla. A platform where users spend real currency to buy in-game assets, Xsolla was founded by Agapitov in 2005 and it enables the seamless
The National Football League (NFL) has once again dabbled into the world of NFTs. This time around, the league is marking the 2022 NFL Draft with a new NFT collection. The event, which is scheduled to happen later this week from April 28-30, will feature card-themed digital collectibles inspired by
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According to a report on Coindesk, the number of blockchain games has doubled, and more people are beginning to love such games. With the soaring user metrics in play-to-earn blockchain games, more gaming platforms have been launched into the market. This goes to show that the future potential of blockchain
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Enabling rapid adoption of GameFi and metaverses by accelerating their growth, Gamepad.co is a one-stop solution for games, metaverses, players, and guilds. The platform’s potential has been noticed by industry giants. Gaming platform Enjin and leading digital asset exchange OKX (formerly OKeX) have put in a combined $2.
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Pledge Utility Coin is a new crypto project helping to facilitate the giving and receiving of charitable donations through the blockchain. First launched in late 2021 on the back of collective interest from a business-related WhatsApp group, PUC has since generated a significant amount of attention and hype through several
On Monday, the official Instagram account of the popular Bored Ape Yacht Club (BAYC) NFT collection was compromised. A malicious link was shared in the channel, and users who fell for the scam had their NFTs stolen. 🚨There is no mint going on today. It looks like BAYC Instagram was
The future of a rather hyped NFT project is currently shaky following a smart contract bug that has left the team with $34 million of inaccessible funds. Akutars, a highly anticipated NFT project that was scheduled to launch over the weekend. The 3D avatar project is based on Aku, an
Leading NFT marketplace OpenSea has acquired Gem, an Ethereum NFT marketplace aggregator that allows users to batch-buy digital collectibles from multiple platforms. OpenSea announced the move in an official release this morning, noting that the purchase is geared towards serving more advanced NFT buyers. CEO and co-founder Devin Finzer said:
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With GameFi valued at $40 billion, the next iteration of immersive interaction - the metaverse - is already starting to take shape. Many experts are banking on this revolution to be the biggest ever. Yet, the trend shows that the industry is going to choke. Ironically, the decentralized industry is