The team’s first game, PlanetQuest, has reportedly onboarded over 200K NFT holders.
NFT News
What are NFTs? NFTs explained in brief: Nonfungible tokens, or NFTs, are verifiably unique representations of digital and physical goods. Each NFT generally differs in makeup, and therefore likely differs in value as well.
In the physical world, U.S. dollars are fungible. No value is forfeited if a person trades any given paper U.S. dollar for a different paper U.S. dollar. On the other hand, something such as artwork is generally nonfungible. The “Mona Lisa” is not of equal value to “The Persistence of Memory,” as both artworks are unique, deriving value as such.
Based on distributed ledger technology, NFT crypto assets serve as a method of authentication for buyers of unique items, proving aspects such as ownership. NFTs became much more well known in 2020 and 2021. NFTs have potential for other use cases as well, such as companies tracking their internal resources or platforms verifying subscriptions and use.
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Yuga Labs has sold off the intellectual property rights of two of its games to Web3 gaming firm Faraway.
2134CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.
5215NASA has turned to Web3 tech, such as the metaverse, as well as virtual reality, to train astronauts to live in space.
925Austin Federa, head of strategy at the Solana Foundation, addresses concerns around the latest network outages in an exclusive interview with Cointelegraph.
3052Due to their initial lack of utility, Runes will trade akin to volatile memecoins at the beginning, according to pseudonymous DeFi researcher Ignas.
5128During the last bull run, VC firms were more concerned about missing out on the hype, but they’re taking a much more measured approach this time.
1547The Bored Ape Yacht Club collection’s floor price is currently at 11.1 ETH, down 90% from its peak during the roaring NFT bull market.
9511Between 2020 and 2021, the development of nonfungible tokens saw significant growth and billion-dollar expansion across various sectors.
6461Berachain, which is yet to launch its blockchain mainnet, will reportedly use the new cash to expand its presence in multiple regions.
16433The new gloves will contain NFC chips that track fight data and provide blockchain evidence that they are genuine.
17318From Tim Draper's $250K BTC prediction to Ubisoft’s newest web3 game, Paris Blockchain Week didn’t disappoint.
5087The AAA game developer aims to launch its first blockchain-based game by the end of 2024.
2555“When they slip on their headsets, they’re not just seeing the station—they’re in it,” according to a NASA blog post.
2012Binance said it was dropping support for Bitcoin Ordinals as part of its efforts to streamline product offerings.
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