The Digital Chamber of Commerce is actively seeking support from US crypto users for a new bill. This bill aims to classify certain non-fungible token (NFT) projects as consumer products, thereby preventing the misapplication of securities laws. The group urged Congress to…
NFT lending has become a crucial aspect of the decentralized finance (DeFi) space, providing a way for NFT owners to unlock the liquidity of their digital assets without selling them. Here’s a detailed look at how NFT lending works and its implications:…
In an exclusive interview with the chief executive of Astar Network, Sota Watanabe stated that the partnership with the giant tech firm Sony has proved to be helpful. The executive envisages that in the coming months, the partnership will bring drastic changes…
In a recent development, the Arbitrum Foundation and Weeb3 Foundation teamed up with the famous nonfungible token (NFT) company Azuki to create a new blockchain-powered network dubbed AnimeChain. Under the partnership agreement, the three companies plan to offer an online anime ecosystem…
The concept of Decentralized Physical Infrastructure Networks (DePINs) signifies a groundbreaking fusion of blockchain technology and decentralized principles applied to tangible infrastructure and systems. In recent years, blockchain’s influence has transcended digital realms, impacting everything from decentralized finance (DeFi) to nonfungible tokens…
In a recent report, the renowned nonfungible token (NFT) gaming studio Carbonated Inc. secured $11 million in a series A funding round. The Korean-based game studio Com2uS led the funding round in collaboration with fast-paced companies, including Andreessen Horowitz, Cypher Capital, Bitkraft…
The renowned game developer Ubisoft has agreed to collaborate with the XPLA blockchain network to boost the gaming experience. In a March 8 blog post, the Ubisoft team confirmed that it will add the XPLA as its node validator. Driven by the…
The digital asset space has witnessed a transformative evolution with the advent of utility non-fungible tokens (NFTs), a paradigm shift that transcends the traditional confines of digital art and collectibles. Initially propelled to fame through associations with high-value artwork and unique collectibles,…
Non-fungible token (NFT) traders have increased the sale of their worthless tokens to offset capital gains on their taxes. As the December 31 deadline for selling such tokens approached, there was a sudden spike in the number of traders selling such tokens….
In a recent report, the American-based advisory firm Teneo confirmed that assets totaling around $1.4 billion had been frozen linked to the now-defunct hedge fund Three Arrow Capital (3AC). The decisive action to freeze the multi-million dollar capital aimed at barring the…
In an advanced communication, a Japanese Web3-based platform, Line Next, generated $140 million in a funding round led by Crescendo Equity Partners. The multi-million investment was ranked among the largest capital raised by an Asian blockchain company. In the report, the Line…
In advanced communication, the famous messaging protocol Wormhole raised approximately $225 million from a funding round led by the European investment company Brevan Howard. Other participants in the successful fundraising included Coinbase Ventures, ParaFi, Arrington Capital, Borderless Capital, and Jump Trading. The…
Neon Machine, the team behind AAA extraction shooter Shrapnel, generated $20 million in a Series A funding round. In an October 25 update, the Seattle-based gaming company revealed that the investment will be utilized in revamping the Shrapnel game. With the progressive…
On Friday, October 20, the California-based crypto game Upland raised $7 million in a Series A funding round. The EOS Network led the successful fundraising in collaboration with other crypto and blockchain firms, including Animoca Brands and C3 Venture Capital. EOS Leads…
The world’s largest Web3 marketplace, OpenSea, has denied claims concerning the involvement of the former head of venture Kelvin Pawlak in the AnubisDAO rug pull that occurred in 2021. Recently, talks concerning the AnubisDAO rug pull that exposed non-fungible tokens (NFTs) investor…
PayPal Holding Inc. has launched new on-ramp and off-ramp services to support Web3 payments for US retail and institutional clients. Launching new features seeks to redefine the payment company capabilities to allow US users to transfer their crypto assets directly to cash…
Crypto.com, through its NFT collection, Loaded Lions, has launched a game known as Mane City on the Cronos Chain. The game is the first ever launched by Crypto.com, a top crypto exchange with headquarters in Singapore. This is in line with the…
Coinbase, the largest crypto exchange by daily trading volume in the US, has issued a report outlining the future of the crypto sector. A statement by the chief executive of Coinbase, Brian Armstrong, highlighted the strategies the developers can utilize during the…
On Wednesday, August 23, the lead engineer at Unstoppable Domains (UD), Aaron Quirk, announced launching of an instant messaging platform for improving communications in the decentralized sector. The announcement conveyed by the engineer confirmed that the Web3 usernames will access the newly…
In a blog post, the team behind Shibarium, an Ethereum-focused layer 2 network, announced the launching of the testnet bridge. The launch aimed to support users to transfer their tokens between Shiba Inu and Ethereum blockchain network. According to Shibarium developers, the…
