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“# IMVU to integrate Immutable X for NFT gaming ” Immutable X, the scaling solution for layer-2 NFT protocol Immutable, has penned an agreement with Together Labs to integrate into the platform’s native social metaverse IMVU. The partnership will foster the creation and distribution of NFTs within the game’s virtual ecosystem. IMVU, pronounced “imm-view,” is…
“# Altcoins see a 35% bounce after Bitcoin reclaims $43,000 ” The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin…
“# NFT gaming company Animoca Brands acquires majority stake in Bondly ” Animoca Brands, an NFT game developer has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly,…
“# Illuvium hits new highs as interest in NFT-based blockchain gaming skyrockets ” The world of nonfungible tokens and blockchain gaming has seen immense growth and progress towards mainstream adoption in 2021. Recently, the movement picked up steam as an array of celebrities and internet influencers jumped on the hype train by purchasing premium digital collectibles. …
“# Nifty News: Vogue tokenizes magazine covers, autographed Tesla and more… ” NFTs are in Vogue Readers of high-end fashion magazine Vogue Singapore will be able to fight for a chance to purchase two tokenized front cover images. The front cover of Vogue’s September issue will feature QR codes allowing readers to sign up for…
“# Philippine regulator tells Axie Infinity players they must pay tax on income from game ” Amid the enormous success of crypto-powered game Axie Infinity in the Philippines, the local Department of Finance has made clear that it wants a cut of profits generated by playing Axie and other play-to-earn games. An August 23 report…
“# Ready Player Earn: Where NFT gaming and the virtual economy coincide ” Nonfungible tokens (NFT) have arguably transitioned from being an obscure part of the crypto and blockchain space to occupy greater significance within popular culture. Indeed, as cryptocurrencies and decentralization appear to permeate the conversation across social, political and economic lines, the apparent…
“# OpenSea trading volume explodes 76,240% YTD amid NFT boom ” Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021. DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user…
“# Play-to-earn games are the catalyst for this bullish period in the markets ” If you’re conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during Bitcoin’s (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the…
“# Play-and-earn is the secret to mainstream NFT gaming adoption ” Since 2017, dozens of projects have created games that use blockchain and nonfungible token (NFT) technology. The overall vision is inspiring and has attracted a solid base of fans and investors in equal measure. However, the industry is still in its infancy, and we…