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The Open Metaverse Alliance (OMA3), a consortium of dozens of notable blockchain, NFT, and metaverse companies, announced Tuesday that it has established a working group to determine how best to standardize and ensure the survival of creator royalties on NFT marketplaces. The working group will include numerous prominent crypto brands, including Yuga Labs, the company behind dominant NFT collection Bored Ape Yacht Club, and Magic Eden, the multi-chain NFT marketplace that began on Solana. Creator royalties are fees, typically between 2.5% and 10%, that are tacked on to secondary sales of NFTs and designed to go straight to creators’ pockets.…

According to the latest blog post, SubQuery Network, a leading web3 data indexer, teamed up with Agoric, a smart contract developer, to enhance the web3 developers’ experience on the Cosmos network. This partnership is set to help the platform build innovative products with fast queries, accelerating the transition from Web2 to Web3. SubQuery Enhances The Cosmos Ecosystem The Cosmos Network, a decentralized ecosystem comprising various interconnected blockchains, has been shaping the blockchain infrastructure. As it continues to grow, attracting developers and projects from around the globe, the need for efficient data indexing and querying becomes crucial. In a significant development,…

Microsoft veteran Vassilis Tziokas has joined zkSync developer Matter Labs as its head of enterprise business development. Tziokas spent nearly eight years at the tech giant, most recently as its global lead for web3 and AI business development and strategy. He wants to leverage that experience to unlock the “holy grail” of web3, attracting enterprise adoption to the space via zkSync’s Ethereum Layer 2 scaling solution, he told The Block in an interview. The motivation for Tziokas’ move stems from a strong belief in an imminent wave of innovation, adoption and enterprise solutions built using blockchain technologies and he wanted…

The exciting tycoon simulator game ‘Loaded Lions: Mane City’ has soared into the top five blockchain games by trading volume, as per DappRadar, with more than 6,300 players joining the action. Considering its significant backing and gaming power, the buzz surrounding it comes as no surprise.Mane City and Stepico Games — celebrated for working alongside Universal Studios and DreamWorks — team-built Loaded Lions: Mane City on the turbo-charged Cronos blockchain. Cronos Labs and Crypto.com offered valuable guidance, bringing the game to combine extra creativity, blockchain technology, and forward-thinking insights expertly. Here’s what these gaming pioneers have impressively brought into play:Crafting…

Nonfungible token (NFT) artist Ryder Ripps’ most recent attempt to dismiss the Bored Ape Yacht Club-related lawsuit against him appears to have fallen on skeptical ears. In an Oct. 17 hearing, three judges from the United States Court of Appeals for the Ninth District appeared largely unpersuaded by the arguments from the attorney representing Ripps and Jeremy Cahen (known by the pseudonym “Pauly” on X), who argued the case should have been dismissed on the grounds of free speech. Ripps and Cahan’s lawyer, WilmerHale partner Thomas Sprankling, argued the knock-off Bored Ape NFTs were sold and distributed in a way…

Animoca Brands, in collaboration with Ember, is set to release their newest Web3 game, “Formula E: High Voltage” on October 19. This electric car racing game integrates features from the ABB FIA Formula E World Championship, including challenging city center tracks, offering players an immersive racing experience.The game operates on the Flow blockchain, known for its energy efficiency. This choice not only aligns with the game’s electric car theme but also facilitates the digital ownership of in-game items as NFTs. With growing concerns about the environmental impact of blockchain activities, the use of the Flow blockchain emphasizes a move towards…

The U.S. Circuit Court of Appeals is currently reviewing a trademark lawsuit against artist Ryder Ripps. The core of the dispute lies in Ripps’ reproductions of the Bored Ape Yacht Club NFTs, which are originally the creation of Yuga Labs.Ripps’ Defense and Yuga Labs’ Counterfeit ClaimsIn a move to counter the allegations, Ripps’ legal counsel posited that the lawsuit levied against the artist ought to have been dismissed. Their defense hinges on California’s anti-SLAPP statute, which seeks to protect actions that advocate free speech from unwarranted legal actions. The primary contention here is whether Ripps’ actions fall under the purview…

Just as pioneers of old once cautiously navigated uncharted territories, today’s crypto enthusiasts must be wary of the pitfalls that lie ahead. As we delve into the world of digital currencies, it’s essential to be equipped with the right knowledge. Not every offer glitters with genuine promise, and caution is our best ally. Let’s explore the intricate maze of cryptocurrency scams and learn how to tread wisely.  Hello, my dear readers! I’m Zifa, a crypto enthusiast with over three years of diving deep into the world of virtual currencies. Today, I’ve curated a list of the most common cryptocurrency scams.…

EY, one of the “big four” global accounting firms, unveiled Fidelity Digital Assets as the first enterprise client to leverage its web-based, on-chain analytics tool available via EY Blockchain’s SaaS platform. The fourth generation tool known as “EY Blockchain Analyzer: Reconciler” is designed to help organizations independently source and query on-chain data to augment their internal risk management procedures, according to a statement. “As the global digital assets marketplace continues to grow rapidly, addressing operational excellence and robust internal risk management is paramount for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators,” EY Global…

The NFL Alumni Association has launched a collaborative project with Aventus to implement non-fungible tokens (NFTs) as a means of increasing support to retired NFL players. This initiative is supported by the Polkadot parachain technology, which highlights the creation and distribution of digital assets. By tapping into the thriving NFT market, the NFL Alumni Association and Aventus want to unlock new revenue streams while boosting a rekindled link between retired athletes and their loyal Fan base. Maintaining Legacy With NFTs A distinct aspect of the initiative is the minting of NFTs that have the name and image of participating retired…