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NFT Non-fungible tokens (NFTs) have recently made headlines, particularly in the art world. These digital assets are gaining popularity, with many artists and collectors using them to buy and sell art. But what are NFTs, and will they have an impact on traditional art markets? What are NFTs? In a nutshell, NFTs are one-of-a-kind digital assets that are verified on a blockchain network. They are used to denote ownership of digital items like artwork, music, and videos. Each NFT is unique, with its own code that ensures its authenticity. NFTs, unlike cryptocurrencies like Bitcoin, are not interchangeable. They are one-of-a-kind…

The Sandbox is expanding to Germany with the acquisition of game development studio Sviper. The studio, based in Hamburg, Germany, will focus on adding new social features, new multiplayer gameplay options, and new Game Maker possibilities. Sebastien Borget, COO of The Sandbox, said: “The Sandbox’s German team is a creative powerhouse that is already advancing the gameplay possibilities available to our internal teams and The Sandbox creators at large.”“From adding social features to designing rules creators can use to prototype game logic to implementing powerful multiplayer features, our Hamburg team is supercharging the metaverse’s creative potential.”Credit The SandboxDeveloping The SandboxThe Sandbox is…

NFT Athlete NFT platform Blockasset announced today that it is leaving Solana for Chiliz Chain 2.0, the Ethereum Virtual Machine-compatible Layer-1 blockchain from sports fan token firm Chiliz. Blockasset will meanwhile receive an equity investment from Chiliz, which owns the Socios fan token and rewards platform. Socios works with more than 170 partners including teams across the NFL, NBA, NHL, MLS, and top soccer leagues around the world. The investment comes through Chiliz Labs, the $50 million incubator Chiliz launched with VC firm Jump Crypto to support blockchain projects in sports. More than 40 athletes offer NFTs through Blockasset, including…

Life Beyond announced that they will be closing the mints for their Founder Keys and Agent Zero Jackets on March 17th. After that, they will never sell these specific NFTs again! As Life Beyond prepares to move forward with their 2023 development plans, they have decided to close down the minting of new Founder Keys and Agent Zero jackets. On March 17th, both sales will close and players will no longer be able to mint new copies of these items. Founder Keys are the original game NFT, and provide numerous benefits to owners. Players with Founder Key NFTs are considered…

When Michael Corleone ordered hits on rival bosses in The Godfather, he had Don Cuneo locked inside a revolving door and shot. Getting whacked while trapped behind a barred door appears to be the treatment United States Securities and Exchange Commission Chair Gary Gensler has in mind for U.S. crypto projects based on recent SEC enforcement activity and comments by the chair.The SEC should not be left to wage an unsupervised dirty war on crypto. Congress must both defend its oversight authority and give American crypto developers, entrepreneurs and users a clear path to lawfully carry on their business. Providing…

Blockchain Planet IX is happy to announce the official launch of Chainlink Automation on the Polygon mainnet. For the uninitiated, Planet IX is a strategy and trading game built on the blockchain. In this scenario, they will now employ Chainlink Automation in order to execute batch randomness requests provided to Chainlink VRF in a secure and cost-effective manner. This will inadvertently reduce the costs associated with the construction of Planet IX NFTs. The entity is a part of the Chainlink Build program. In the past, Chainlink VRF has been known to have been used to randomly select IXT CAT RAFF…

The United States Securities and Exchange Commission has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action.According to a March 6 announcement, the SEC filed an emergency action on Feb. 23 against investment adviser BKCoin and one of the principals, Kevin Kang, alleging the two “disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors.” The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but Kang diverted some of the funds…

Following months of hype and anticipation, the HyperPlay Web3 gaming launcher has now gone live. On top of being a game launcher, the app serves as a store aggregator that will offer access to Epic Games and Good Old Games stores within its interface.Developed by a former MetaMask operations lead in collaboration with Game7, a Web3 gaming DAO, HyperPlay is now available on all major platforms, and optimized for MetaMask users. According to its pseudonymous creator, JacobC.eth, the tool is “solving the distribution problem and freeing game developers from the risk of deplatforming by these monopolies like Apple, Google, and…

The Supreme Court of Nigeria has ruled that the old 200, 500 and 1,000 naira notes remain in circulation until Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction of redesign sought to phase out the use of the old naira notes. A seven-member panel of the court, led by John Okoro, said in a unanimous judgment that President Buhari issued the directive without consultation.The court said the federal government should have consulted with the state government through relevant bodies, including the National Council of States and the National Economic Council, before embarking on…

The auction for Yuga Labs’ inaugural Bitcoin Ordinal nonfungible token (NFT) collection has ended, netting the firm $16.5 million in just 24 hours. A total of 288 bidders won one of the Bitcoin NFTs from the “TwelveFold” collection. Yuga said the winners will receive their inscription within one week, while the unsuccessful bids will have their bid amount returned within 24 hours. The TwelveFold auction has ended. Congratulations to the top 288 bidders – you will receive your inscription within one week. Valid bids that did not rank in the top 288 will have their bid amount returned to their receiving…