The selection of the IOTA Foundation’s Web3 Identification Solution for the European Blockchain Sandbox program marks a significant step forward in the realm of Know-Your-Customer (KYC) procedures and privacy within the Web3 space. This decision plays a crucial role in shaping discussions on regulatory considerations surrounding KYC and privacy, especially as decentralized finance (DeFi) gains
NFT
The decision of major retail companies in South Korea, such as Lotte and Hyundai, to withdraw from the non-fungible token (NFT) market marks a significant shift in their digital strategies. This move comes in response to a slowdown in the NFT industry and a refocusing of resources towards their core business operations. Lotte Home Shopping,
Parallel, a revolutionary NFT-based card game powered by Ethereum, has recently made its debut on the Epic Games Store. Developed by the esteemed Parallel Studios team, the game offers players a unique gameplay experience set in a futuristic sci-fi world on Earth 10,000 years in the future. With five factions competing for control, players must
Gamee, a hypercasual gaming ecosystem managed by Animoca Brands, initially operated its games on Telegram. However, the recent surge in activity within the network can be attributed to a strategic decision to transfer Gamee’s GMEE token to Ethereum after Polygon was hacked for $15 million in early 2024. Impact of TON Blockchain Integration Apart from
Gangster Arena 2, the latest release from Uncharted, has taken the crypto gaming world by storm with its innovative approach to combining mobile idle tycoon mechanics with PVP game theory. This unique blend of gameplay caters specifically to the degen community, offering a fresh and exciting experience for players looking for something different. In Gangster
Animoca Brands Corporation Limited and its subsidiary Bacasable Global Limited, the operators of The Sandbox user-generated content platform, have recently announced a successful fundraising round that saw the platform secure $20 million. This funding round also introduced a valuation cap of $1 billion for The Sandbox, solidifying Animoca’s reputation as a trailblazer in advancing digital
The Arbitrum Foundation, a key player in the Ethereum Layer 2 scaling solution, has recently made a groundbreaking commitment to drive growth and advancement in the gaming sector within its ecosystem. By allocating a substantial sum of $215 million towards the Gaming Catalyst Program (GCP), the foundation aims to revolutionize the gaming industry by encouraging
The release of Overworld Arena introduces a new era of web3 gaming, highlighting the innovative use of blockchain technology to enhance accessibility and engagement. Overworld Arena, the latest expansion by Xterio, offers players the opportunity to participate in PVP betting without the need for NFTs, making it inclusive to a wider audience. This browser-based mini-game
McDonald’s Singapore has recently entered the metaverse with the introduction of the digital environment known as “My Happy Place.” Collaborating with Bandwagon Labs, this initiative is accessible through the official McDonald’s app and provides a blend of virtual and real-world experiences for users. “My Happy Place” offers users a variety of interactive activities to engage
The metaverse has shifted from being a distant concept to a tangible reality that is reshaping the digital landscape. This collective virtual shared space is formed by the merging of enhanced physical reality and persistent virtual reality. Metaverse apps serve as gateways to these digital worlds, offering immersive experiences, social interactions, and economic activities in