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NFT Many crypto builders see video games as the killer app for Web3, citing perceived benefits like ownership of in-game items as NFTs, possible interoperability between games, and the potential to profit from rising token and NFT values. But by and large, gamers aren’t buying it. Prominent NFT gaming efforts by firms like Ubisoft, Square Enix, and GSC Game World have faced backlash from outspoken video game fans. Critics point to shallow gameplay for early NFT games, crypto industry scams, and falling asset prices, plus a belief that game publishers will use NFTs to extract more cash from players. Ryan…

LinksDAO, a decentralized autonomous organization with members from across the golf community has made history by purchasing its first golf course through an NFT-based fundraising event. The Spey Bay Golf Club, located on the Moray coastline in Scotland, was recently put up for sale. Members of the DAO needed to act fast to secure the course, which is priced at $900,000. It has been described as “charming.” Spey Bey Golf Club is being purchased by LinksDAO. Credit: Scotland Where Golf Began. How Did The Decentralized Vote Go? 88% of the LinksDAO members voted in favor of the acquisition of the…

The Financial Stability Board (FSB), the International Monetary Fund (IMF), and the Bank for International Settlements (BIS) will deliver papers and recommendations establishing standards for a global crypto regulatory framework, the group of the 20 biggest economies of the world — collectively known as G20 — announced on Feb. 25.According to a document summarizing the outcomes of the meeting with finance ministers and central bank governors, the FSB will release by July recommendations on the regulation, supervision and oversight of global stablecoins, crypto assets activities and markets. India’s finance minister, Nirmala Sitharaman, during FMCBG meeting in Bengaluru. Source: Ministry of…

Nonfungible tokens (NFTs) have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the key issues of the space has to do with data accessibility, or mostly, the lack of it. Unlike the broader crypto industry, the NFT market is still in its infancy, and there are relatively few resources available for tracking NFT collections, exploring detailed statistics and analyzing market trends.To begin with, the NFT market lacks standardized data formats and metadata. This can make it difficult for NFT buyers and sellers to share…

Blockchain Axelar, the blockchain network that helps developers build cross-chain crypto apps, is expanding its product suite with the introduction of Axelar Virtual Machine (VM) – a generalized environment for building interconnected blockchains. “Axelar Virtual Machine will allow developers to build their dApps (decentralized apps) once – whether on EVM, Cairo VM, Cosmos or another ecosystem – and run them on all chains,” Axelar said in a statement. Most blockchains today are walled gardens; apps built on one chain typically lack access to data or services on another. Different blockchains can use different programming languages, and operating across chains generally…

NFT The lull in NFT activity is showing signs of subsiding with weekly trading level on Ethereum last week hitting its highest level since May, according to data from The Block. The spike was driven by an increase of activity on NFT marketplace Blur, which has overtaken trading volumes on rival OpenSea, according to data from Dune. The launch of Blur’s native token, coupled with continued token incentives, have created a “powerful cocktail” that has reinvigorated NFT trading activity, according to Thomas Bialek, an analyst at The Block Research. Anticipation of upcoming airdrops may also be having an impact, as…

Blockchain Scroll released a testnet version of its Ethereum Layer 2 network on the Goerli testnet, moving the zk-EVM from a pre-alpha to an alpha testing phase. Until now, Scroll was available to try out on a testnet that was built on the project’s own clone of Ethereum. By moving from this to running on a public testnet, Scroll has taken a step forward in its path toward a full launch in the second half of this year. “We’ve been testing with mock mainnet transactions on our pre-alpha testnet but by having a more public testnet you can have more…

While FTX customers worldwide patiently await a conclusion to the FTX and Sam Bankman-Fried (SBF) litigation, users of FTX Japan have started withdrawing all of their funds.On Nov. 7, 2022, crypto exchange FTX and its subsidiaries slowed fund withdrawals after Changpeng Zhao, the CEO of Binance, announced the crypto exchange would liquidate its substantial holdings of FTX Token (FTT). The domino effect forced Liquid Group — a Japanese crypto trading platform owned by FTX since February 2022 — to halt withdrawals on Nov. 15, 2022.However, to some investors’ delight, FTX Japan resumed withdraws on Feb. 21 — which involved moving funds from…

After the success of its debut Web3 campaign, “Black Opium The Night Is Ours,” YSL Beauty returns with a new NFT drop! The new collection titled “YSL Beauty Night Masters” was created by three female artists. All of the proceeds will go to charities, and those who buy NFTs will get bonus surprises! Accordingly, the grand launch will take place on March 6th with only 100 copies per NFT, so let’s find out all about it. YSL Beauty returns to the NFT scene with the second chapter of its web3 campaign, “Black Opium The Night Is Ours.” YSL Beauty NFTs:…

Undead Blocks prepares to launch their new, daily, play and earn feature! Players with Undead Blocks weapon NFTs will be able to play a special solo, VIP mode, where they can earn gold ZBUX, the shiniest of all the ZBUX around! Called VIP Mode, and referred to by the team as “grind to earn”, Undead Blocks will soon allow players to earn Gold ZBUX while playing. Players can use these Gold ZBUX to upgrade their weapon packs, add weapons and attachments to their loadout, purchased limited edition, in-game items and Loot Coffins, or swapped for various cryptocurrencies. Players with weapons…