On Wednesday, Microsoft-owned Mojang Studios announced that it would prohibit nonfungible tokens (NFTs) and other blockchain-related technology from its popular Minecraft game. "NFTs can create models of scarcity and exclusion that conflict with our Guidelines and the spirit of Minecraft," the gaming company said in its statement. According
8-time Olympic gold medalist and 11-time world champion, Usain Bolt, has joined the Fitfi team as its brand ambassador. Fitfi is a platform that pioneered the gamified metaverse for the fitness economy. It is officially launching the private beta version of its Step App in partnership with Bolt, who is
Following its recent exploit, which led to the loss of over 350 NFTs, Premint has announced that it plans to compensate users that were affected by the hack. Brendan Mulligan, CEO of the NFT registration platform, made the disclosure in a live-streamed incident update released on Wednesday. He also revealed
In the face of the ongoing crypto winter, Elon Musk’s electric car company, Tesla, has dumped a large percentage of its Bitcoin holdings. The company has converted approximately 75% of its Bitcoin into fiat currency. In February 2021, a SEC filing revealed that Musk’s Tesla had invested a
An Ethereum NFT whale who placed a joke bid of 100 ETH on an ENS name has gotten more than he bargained for. The bid of over $150,000 was accepted before he could cancel it. Ethereum Name Service (ENS) has grown to be quite a popular niche in the
In April, OpenSea officially enabled support for Solana-based NFTs. The leading NFT marketplace is doubling down on that decision and moving deeper into the Solana ecosystem. Earlier this week, OpenSea unveiled its Solana launchpad, which will allow Solana-based creators to host new mints on its platform. The launchpad is part
Press Releases
Fellaz, a multi-chain Web3 entertainment ecosystem, announces the upcoming launch of their social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia, and the rest of the world. In preparation for their launch,
NFT News
Over the weekend, the United States Office of Government Ethics (OGE) issued a legal advisory requiring senior government officials to reveal their investments in non-fungible tokens (NFT). Emory Arthur Rounds III, an American attorney and current Director of the US-OGE, stated in the legal advisory presented to the agency officials
On Tuesday, Facebook proprietor Meta Platforms Inc. was slammed with a trademark lawsuit in Manhattan federal court by MetaX LLC for allegedly copying its moniker for its transition to the metaverse. MetaX LLC, a New York-based company that creates immersive virtual-reality experiences, told the court it has been crushed by
For several months, Bitcoin and the rest of the crypto market have struggled with negative price actions. Bitcoin, in particular, had been trading below a descending resistance line since the beginning of April, eventually falling to a long-term low of $17,622 on June 18. However, the flagship cryptocurrency has
Press Releases
Positioned at the forefront of the emerging play-to-earn [P2E] gaming industry, Dragon Crypto Gaming integrates a sustainable economy to deliver a set of engaging, immersive, exciting, and rewarding games. Built by a team of experienced, innovative and dedicated gaming enthusiasts and developers, Dragon Crypto Gaming aims to foster a thriving
In the face of strict government policies regarding NFT trading, Tencent has moved to shut down one of its NFT marketplaces. Tencent News’ NFT marketplace was launched in January. However, the platform has been struggling with low patronage due to the hard stance of the Chinese government towards the NFT
The Crown Prince of Dubai and Chairman of the Dubai Executive Council, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum announced an integrated plan for a Dubai metaverse strategy on Monday. Sheikh Hamdan revealed in a tweet that the objective of the metaverse strategy is to support 40,
Legendary American skateboarder Tony Hawk has teamed up with decentralized gaming platform "The Sandbox" alongside high-profile NFT company "Autograph" to launch the world’s biggest virtual skatepark. Coming soon to The Sandbox: alongside @Autograph, I’m helping to create the biggest skatepark in the #metaverse. Stay
Over the weekend, popular NFT platform Premint became the latest victim of a security breach, leading to the loss of over 300 NFTs, including collectibles from Bored Ape Yacht Club, Otherside, and Goblintown. According to available information, the attacker was able to swindle unsuspecting users after adding a malicious JS
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With a whopping sum of $8 billion lent out, $12 billion in assets under management, and over 1.7 million users, Celsius, one of the leaders of the nascent crypto lending market, in an announcement dated June 13, 2022, paused all forms of withdrawals, transfers, and swaps on the platform.