Autor Cointelegraph By Ornella Hernandez

GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M

GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M

Uverejnil používateľ | máj 6, 2022 |

SpongeBob and Warhammer mobile game scores Polygon partnershipFree-to-play mobile games publisher Tilting Point has entered a multiyear partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help both native Web3 game developers scale their games alongside free-to-play developer partners, and studios who want to bridge from Web2 to Web3 gaming.The first three titles in the works are interstellar strategy game “Astrokings” from Korean developer AN games, which Tilting Point acquired earlier this year; virtual slot game “The Walking Dead: Casino Slots,” based on the AMC series; and “Chess Universe,” by Tilting Point’s partner developer Kings of Games.Polygon Studios CEO Ryan Wyatt shared in a statement the company’s excitement about  “championing user ownership and immersive gameplay.” Founded in 2012, Tilting Point’s most popular free-to-play games include “Warhammer: Chaos & Conquest,” “Narcos: Cartel Wars,” and “SpongeBob: Krusty Cook-Off.”Today we’re announcing our partnership with @0xPolygon to bring the best of Web3 tech to our devs and their games! Read here, in Samir’s own words, how this will impact our model.#metaverse #blockchain #nft #cryptogaming #TiltingPoint #raiseyourgamehttps://t.co/hW8HOTFXH6— Tilting Point (@TiltingPoint) May 5, 2022T.E.A.M DAO raises $5 million Series A roundThe Tokenized Esports Asset Management decentralized autonomous organization, or T.E.A.M. DAO, describes itself as the metaverse’s first Guild 3.0. The fantasy esports nonfungible token (NFT) league recently announced a $5 million Series A round of funding co-led by Krust Universe and Animoca Brands. Other investors included Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako and Octava.Krust Universe is an investment arm of South Korean tech giant Kakao. Animoca Brands also recently acquired two major video games publishers: Eden Games and Darewise Entertainment. According to T.E.A.M, the new funding will be used to further develop its technology infrastructure, expand the team, and rapidly grow its player base. Its designated Supreme Leader stated that the company is leading a gaming-culture defining ecosystem for “noobs, amateurs and midtier gamers.” He added that the upcoming TEAM token public sale will “[catapult] crypto adoption into everyone’s daily life.”@TEAMDAOcom completes a $5m SeriesA round co-led by @animocabrands + @Klaytn_official $TEAMGreatSouthGate @shimacapital @antifundvc @GSR_io EverseCap @NGC_Ventures LibraCapVentures @NexoCapital ExCapital @coinhako RisingCap @Octava92275045https://t.co/iNQrGfOmni— T.E.A.M DAO Tokenized Esports Asset Management (@TEAMDAOcom) April 28, 2022

Axie Infinity remains game with the highest market capAccording to the latest report by Crypto Head that assessed the top 50 play-to-earn (P2E) games on ChainPlay, Axie Infinity has a fully diluted market cap of $15.81 million. Cross Link came in a close second at $13 million and a third-placed Decentraland at $4.63 million. The average market cap value of all the crypto games studied is $1.25 million.As for most Google-searched game in the past six months, Axie Infinity also takes the crown with over 29 million searches around the world. The second and third highest searched games, Bomb Crypto and Splinterlands, respectively, both had fewer than five million global searches.Crypto Head also looked at crypto Twitter popularity and games with the most expensive tokens. Axie Infinity also garnered a place on those lists. LootRush wants to take NFT gaming mainstreamLootRush, an NFT marketplace for crypto gamers, closed on Thursday a seed round of $12 million led by crypto firm Paradigm, with participation from Andreessen Horowitz. Other backers included Y Combinator, Brex founders, the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs and The Chainsmokers. According to the company, LootRush aims to become like Steam, as a distributor of PC games, but for blockchain and NFT-based video games. It wants to eliminate barriers to entry for gamers to play Web3 games and is known for offering cost-effective NFTs. A blog post stated that “We will enable gamers to own NFTs and we help NFT owners find great players.”1/ We’re very excited to announce our $12 million seed round led by web3 and crypto firm @paradigm, and with substantial participation from @a16z! more https://t.co/hCWzq5ZY3f— LootRush (@LootRushGames) May 5, 2022

Other GameFi NewsSTEPN is a Solana (SOL)-based NFT mobile application that leverages GameFi elements, such as move-to-earn, to enable NFT sneaker holders to earn tokens as they walk. Made for fitness enthusiasts and those who want to get their daily steps in, this project is leading the move-to-earn movement and challenging users to cash in Green Satoshi Token (GST). Related: How blockchain games create entire economies on top of their gameplay: ReportJapanese video game publisher Square Enix intends to divest its popular Tomb Raider franchise for $300 million and invest the proceeds into blockchain, artificial intelligence (AI) and cloud computing technologies. Cointelegraph previously revealed Square Enix CEO Yosuke Matsuda’s plans to integrate NFTs into play-to-earn blockchain games.

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Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3

Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3

Uverejnil používateľ | máj 4, 2022 |

This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club.Louis Vuitton makes its mark in the NFT gaming scene To commemorate Louis Vuitton’s bicentennial birthday in late 2021, the French luxury brand launched a NFT game called “Louis: The Game.” At the time of publication, the game has been dowloaded more than 2 million times on both Android and iOS devices. “Louis: The Game” follows its protagonist, Vivienne, as she overcomes challenges, collects candles and other collectibles. NFT artist Beeple designed 30 NFTs embedded within the game, which are up for winning. At the end of April, new levels were released and with it new opportunities to win NFTs that will be distributed via a raffle through August 4, 2022.Screenshot of the iOS mobile app of Louis: The Game.Larva Labs deletes all of their tweetsIn a curious and quiet move, the Twitter account handled by the founders of Larva Labs (LL) reset its Tweet count to zero on May 2. Since Yuga Labs acquired Larva Labs collections CryptoPunks and Meebits in March, most Tweets concerning these collections have been moved to @cryptopunksnfts and @MeebitsNFTs accounts. However, LL founders, Matt and John, stated that they would continue posting on @LarvaLabs. The company continues to run various other Web3 projects under its belt, including Autoglyphs, as well as some mobile apps. We’ve changed our handle following the acquisition announcement. Follow along here for CryptoPunks updates, and keep up with Meebits over at @MeebitsNFTs. The projects’ founders, Matt & John, will keep posting as @larvalabs.— CryptoPunks (@cryptopunksnfts) March 22, 2022For fans nostalgic about the OG NFT collection, one user known as “@swissdegen” has backed up all of Larva Labs’ Tweets since 2017. Why? “For the culture,” he tweeted.Is Elon Musk embracing NFTs?Twitter’s new owner, Elon Musk, changed his Twitter profile picture (PFP) to a collage of Bored Ape Yacht Club NFTs for less than one day and caused quite a stir on Crypto Twitter. Musk’s profile photo also sent soaring the value of ApeCoin, Yuga Labs’ cryptocurrency. The image has since been deleted because Michael Bouhanna, a Sotheby’s executive, had originally created it for the Sotheby’s sale of the NFT and requested credit for it.@elonmusk as much I admire your work I’d like you to remove your pfp that I created for our Sotheby’s sale. Or you credit me . Happy to send you the original file minted with the buyer approval pic.twitter.com/e83ZyxWGH5— Michael Bouhanna (@michaelbouhanna) May 4, 2022

Users who traced some of the NFTs in the profile pic confirmed that Elon indeed has an impressive collection of Bored Apes, including three gold apes. The wallet also holds Doodles, Azuki and Moonbirds, all transferred from MoonPay’s vault. However, some of the Bored Apes in the PFP collage are not owned by Elon Musk, as user “@franklinisbored” pointed out, raising concerns of copyright breaches.VeeFriends partners with Johnnie WalkerScotch Whiskey Johnnie Walker and parent company DIAGEO partnered with Gary Vaynerchuk’s NFT project VeeFriends to provide holders of the Gift Goat VeeFriends NFTs with spirits-related offerings. Gift Goat is one of the 268 characters in the original VeeFriends collection. There are 555 Gift Goat tokens in total.All Gift Goat tokens will unlock 18 luxury gifting experiences curated by Gary Vaynerchuk over the course of three years. Each experience combines a bespoke physical gift with a unique NFT from a notable artist in the space. The Johnnie Walker collaboration will also set up an activation at the upcoming VeeCon NFT-ticketed conference. Source: VaynerNFTOther Nifty NewsTwo weeks after Coinbase launched the beta version of its NFT marketplace, the crypto exchange opened it up for everyone on Wednesday. Coinbase clarified on Twitter that having an open beta means that more features will continuously be added, but with the help of the public.The last week of April saw a sudden surge in the demand for 3- and 4-digit Ethereum Name Service, or ENS, domain names, marking a trend of NFT investors who prefer a shorter NFT token ID. Coinciding with new registrations was a sharp price increase for ENS token. Additionally, secondary sales for ENS names on OpenSea reached a peak 446 Ether (ETH) worth of volume in the last week. 

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Nym Technologies raises $300M to advance internet privacy, sending token price up

Nym Technologies raises $300M to advance internet privacy, sending token price up

Uverejnil používateľ | máj 3, 2022 |

Swiss privacy startup Nym Technologies announced it has secured $300 million in commitments from venture capital partners in support of the NYM Innovation Fund. Nym intends to issue grants to developers and incentivize them to build on top of Nym’s decentralized infrastructure. This funding comes a couple of weeks after its native token NYM launched on major crypto exchanges, including OKX and Huobi. At the time of publication, the NYM token traded at an average price of $0.92, and its 24-hour trading volume has witnessed a spike since the fund’s announcement. The day that NYM was first listed on April 14, National Security Agency whistleblower Edward Snowden addressed attendees at the token launch event in Paris, where he attributed contemporary internet privacy problems to the decisions of antiquated 1970s computer networks.Nym hosts mixnets, or systems of network protocols that obscure individuals’ metadata footprints and protects applications, as well as their coins and wallets, against mass surveillance. Applications built on Nym work to improve upon third-party privacy services offered on virtual private networks (VPNs) and Tor.The Nym Innovation Fund investors include Andreessen Horowitz, Polychain, Greenfield One, Huobi Incubator, Tioga Capital, Eden Block, NGC Ventures, HashKey Capital, Figment, Fenbushi Capital, Tayssir Capital, KR1, Lemniscap, and new backers OKX Blockdream Ventures.The company tweeted that the venture capitalists “from our previous rounds are doubling down on their support” of Nym at a time when “everyone is terrified of VCs “dumping” on projects.” Among the first grant winners for Nym Innovation Fund are the Tails software, used by Snowden to leak NSA secrets, as well as university researcher Carmela Troncoso’s privacy-enhanced COVID contract tracing system and Daniel J. Bernstein, tasked with speeding up Nym’s cryptographic packet format called Sphinx that powers both the Lightning Network and Nym.The first round of grants aims to “improve privacy on the Internet for the common good,” according to the company. The Nym Foundation was also created with plans to issue an open call for additional applicants and proposals.Related: Nym Technologies raises $13M to develop surveillance-evasion platformThe only way to protect privacy in the Metaverse is by taking a fully decentralized approach, argues @colinpape https://t.co/fzNP9LP4ym— Cointelegraph (@Cointelegraph) February 20, 2022Harry Halpin, CEO of Nym Technologies, stated the Innovation Fund represents “a drop in the ocean compared to the endless amounts of cash possessed by vested interests at Silicon Valley companies and nation-states that benefit from mass surveillance.” He also exclusively told Cointelegraph that the funds will go towards the best academics in the world:”Cryptocurrency originally had a vision of defending the privacy of ordinary people, but U.S. government funding has historically ignored privacy in favor of NSA mass surveillance. Up until recently, VCs have funded privacy-invasive advertising business models by companies like Facebook,” said Halpin.

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4-digit ENS domains spike in demand this week and continue soaring

4-digit ENS domains spike in demand this week and continue soaring

Uverejnil používateľ | apr 30, 2022 |

Since Ethereum Name Service, or ENS, released 10,000 four-digit .eth domains ranging from 0000 to 9999, the nonfungible token collection has caused a stir among NFT investors, speculators and enthusiasts alike. After all 10,000 ENS names sold out in one day, the number of people registering for ENS names and purchasing these digit number names on secondary markets has significantly affected the market’s trading volume.According to a Dune Analytics dashboard for ENS, the spike in sales began on April 21, and the number of eth. name registrations has since jumped from 2,721 to 21,188 by April 28. Over the last seven-day period, ENS domains’ trading volume on OpenSea climbed by 3,333% to 2,613 ETH, or $7.3 million, at the time of writing. The last 48 hours have seen the most ENS NFT trading in the secondary market with the most expensive domain so far, “008.eth,” selling for 20 ETH, or $56,125, on April 29.008.eth bought for 20.0 ETH on OpenSea #domains $ENS https://t.co/XXfVcoFi8X— ENS Sales Bot (@EnsSales) April 29, 2022Each ENS web name is an NFT that is minted and sold like any other nonfungible token. These decentralized domains that end in .eth can act like Ethereum wallet addresses, cryptographic hashes and website URLs. As decentralized applications, wallets, exchanges and marketplaces increasingly support NFT usernames, whether from ENS or from competitors like Unstoppable Domains, Web3 users are embracing the value that can be tied to a digital identity.Holders who have scooped up ENS names from 0-9999 have formed an exclusive Discord channel called the 10kClub. At the time of writing, nearly 4,000 ENS holders had joined this social club. Members even created a refrain that was continuously posted throughout the Discord chat stating, “I AM MY NUMBERS AND MY NUMBERS ARE ME.” According to the 10kClub Twitter page, there is no roadmap. Consequentially, the app.ens.domains website has been crashing this past week and leading users to a 404 error page because the website couldn’t be found on the server. On April 29, the ENS team tweeted multiple times that they are working to resolve the issue.Looks like our host is still struggling. Please use our IPFS links in the mean time whilst we sort out a better solution.https://t.co/5MtOsePsJDhttps://t.co/6XDCXtYojy https://t.co/Xvgs8bdhiq— ens.eth (@ensdomains) April 29, 2022

Related: The concept and future of decentralized Web3 domain namesNot just individuals but also major brands and corporations have recently registered their names with Ethereum Name Service, such as Puma and Budweiser. 

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Internet Computer's ORIGYN is watching the watches using NFT authentication

Internet Computer's ORIGYN is watching the watches using NFT authentication

Uverejnil používateľ | apr 29, 2022 |

ORIGYN, a Swiss foundation that uses artificial intelligence (AI) to identify and authenticate objects of value, has partnered with luxury watch marketplace WatchBox. The pair will co-produce certificates of authenticity in the form of NFTs that enable customers to trade the digital ownership of a watch. ORIGYN is the largest project on the Internet Computer Protocol, or ICP, developed by The DFINITY Foundation blockchain. Individuals who purchase a collector quality timepiece via WatchBox can expect ORIGYN to certify the authenticated object thanks to its biometric technology. Each watch is given a unique biometric fingerprint and an NFT that contains all of this information is minted. These are utility NFTs that may offer customers insurance, digital provenance, concierge service, and access to exclusive experiences. Users can point their phone cameras at a watch, scan it via the application and verify its serial number. ORIGYN’s utility NFTs will be rolled out to WatchBox consumers in the summer of 2022.Cointelegraph spoke to Daniel Haudenschild, chief executive officer of ORIGYN Enterprise, the for-profit arm of the ORIGYN Foundation, who said that authentication NFTs will make secondary market trading faster and safer for buyers and sellers alike. He said that the secondary market in luxury watches is expected to reach as high as $32 billion by 2025.”By combining blockchain, unique luxury goods biometrics technology and our utility NFTs, we aim to authenticate luxury goods and ensure their ‘unfalsifiability’ traceability throughout their use, from sale to second hand, and allow customers to make luxury purchases in complete security.” According to Haudenschild, tracking provenance is one the oldest use cases for blockchain, but using authentication NFTs provides a “direct route to your consumer in a way that brands and manufacturers have never had before.” He used watchmaker Omega as an example, stating that if Omega had a customer database of all the owners of its watches, even those who purchased via the secondary market, it could offer them free tickets to the next James Bond movie. According to ORIGYN the Swiss watch industry alone loses $2 billion annually to counterfeits, and over 40 million counterfeit luxury watches are produced and sold annually. More than 37% of luxury end-consumers in France have bought a counterfeit product without knowing it. Haudenschild said that many would-be buyers are fearful of being duped and weary of the second-hand market. He added that this leads to an illiquid market in addition to diminishing consumer loyalty and brand equity. Related: Internet Computer eyes 50% move as ICP enters ‘falling wedge’ breakout territoryRecently, ORIGYN partnered with the Union of European Football Associations, or UEFA, Foundation for Children on an “NFTs for Good” initiative of historic collectibles, and will premier on ORIGYN’s soon-to-launch NFT marketplace, Impossible Things.

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