On Tuesday, Animoca Brands announced the completion of a $75 million fundraising round at a valuation of $5.9 billion. The latest capital injection is a follow-up on January’s funding round, which secured nearly $360 million and valued the Hong Kong metaverse startup at $5.5 billion. The second
Electronic giant Samsung has announced the launch of Space Tycoon, a virtual experience built on the global metaverse platform Roblox. Space Tycoon was built to entertain Gen Z users. It hosts a virtual space where users can create and play games while sharing experiences via Samsung products. The metaverse experience
With several brands jumping on the NFT trend, Blockbar has introduced a creative way to auction its products as digital collectibles. The company is auctioning the world’s rarest 1970 Japanese whisky as an NFT in the first direct-to-consumer (DTC) NFT marketplace for luxury wines and spirits. According to information
Leading Solana NFT marketplace Magic Eden is expanding its presence in the Web3 space. The company has unveiled Magic Venture, a new investment arm that will focus primarily on Web3 gaming. The new venture arm comes weeks after Magic Eden raised $130 million in a Series B round that valued
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Many DeFi protocols have recently been hacked, most notably the Axie Ronin bridge worth over $600 million, and other bridges dispersed across various chains. Investor confidence in the DeFi market has declined due to this situation, which has been made worse by the severity of the bear market. Massive sell-offs
American video game retailer GameStop has launched the public beta version of its long-awaited non-fungible token (NFT) marketplace, allowing gamers, creators, and collectors to buy, sell, and trade NFTs. According to a press release published on July 11, the marketplace will be a non-custodial system built on the Ethereum layer
News
So far, 2022 has not been the best year for the $2 trillion crypto economy, yet great fortunes are being amassed behind the scenes. Given this industry’s obscurity and volatility, we are presenting our first-ever list of the top 100 richest people in cryptocurrency in net-worth estimates. We based
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Cryptocurrencies have opened up many opportunities for various industries, and the billion-dollar iGaming (gambling) space is one such sector. In the last couple of years, developers have integrated this new technology into the iGaming market, attracting more users and setting the industry on the path of global adoption. However, more
Playboy is moving to the metaverse. The iconic lifestyle brand has teamed up with NFT-based metaverse gaming platform The Sandbox to create a virtual version of the Playboy mansion. Anybunny home? 🐰👀🏘 We're teaming up with none other than.... @playboy! 👯♀️ Together, we will be creating a Playboy MetaMansion social
In April, Coinbase joined the league of crypto exchanges that offered NFT services. However, despite having more than four million users on its pre-launch waitlist, Coinbase NFT is turning out to be a massive flop. Three months in, the company’s so-called “Web3 social marketplace for NFTs” has registered 2,
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Gold-backed coins are a type of cryptocurrency that is backed by physical gold. These coins are designed to provide a stable store of value during periods of volatility in the crypto markets. These coins can let you purchase goods and services. You may also trade them on exchanges for other
Imagine purchasing a blue-chip NFT like Bored Ape and having the option to spread the payment across several months. While the idea of a scheduled periodic payment is popular in traditional finance, the crypto industry is slowly getting a hang of things. Teller, a decentralized finance (DeFi) lender, has introduced
At the height of the crypto boom in 2017, several people did the unimaginable to secure a spot in the crypto market. For instance, Dutch national Didi Taihuttu became a national sensation after he sold his house, car, bikes, and other valuable possessions to buy Bitcoin when the flagship cryptocurrency
With many social media giants hopping on the NFT trend, Reddit joined the party on Thursday with the launch of an NFT marketplace that will allow users to buy digital avatars at a fixed price in fiat. The NFT marketplace expands on Reddit’s previous avatar builder, launched two years
NFT News
In what could be described as an error, OpenSea blacklisted over 24,000 ETH ($27 million) worth of NFTs on its platform. According to Dune Analytics, the leading NFT marketplace marked several token IDs and transactions, including those of top NFT collections like Bored Ape Yacht Club (BAYC), Mutant Ape
In what seems like a perfect symbiotic partnership, Betswap.gg and Oly Sport are teaming up to bring the first horse-racing NFT game to the BSGG platform. Leveraging the ever-growing popularity of interactive NFT gaming and Betswap’s growing reputation as the leading decentralized betting platform in the Web 3