Founded in early 2021, Yuga Labs gained prominence in the crypto space with its iconic Bored Ape Yacht Club NFT project on the Ethereum blockchain. The company soared to success, reaching a peak valuation of $4 billion during a $450 million funding round in 2022. However, recent developments within the company have raised questions about
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In recent news, the TON Foundation, a non-profit organization dedicated to promoting and developing the Ton blockchain, has announced an exciting airdrop opportunity for active NFT traders and holders. This airdrop will distribute 105,600 TON tokens, valued at approximately $600K, to eligible participants on popular Ton NFT marketplaces. Let’s delve deeper into this opportunity and
The gaming industry is experiencing a significant transformation with the rise of blockchain technology. Traditional gaming models are being challenged by decentralized alternatives that provide players with true ownership of in-game assets and offer new revenue streams for developers. Beam, a gaming-focused subnet on the Avalanche Network, is at the forefront of this evolution, providing
NuggetRush is not just another game; it is an immersive experience set in a 3D mining metaverse that is filled with resource-rich lands waiting to be explored. Players can venture out on solo expeditions or collaborate with friends in team gameplay, adding a social element to the excitement of mining adventures. Strategic Gameplay with NFT
The world of blockchain gaming is seeing a significant shift with Charles Hoskinson, the founder of Cardano, making a bold move into this space. His latest venture, Voyager: Ascension, marks a new chapter for the Cardano ecosystem as it ventures into the realm of blockchain gaming. Voyager: Ascension is a fast-paced sci-fi shooter game, similar
Meta is set to revolutionize the world of mixed reality by opening up the operating system of its Meta Quest devices to third-party manufacturers, including big players like Xbox and Lenovo. This strategic move could potentially shape the future of the metaverse and make mixed-reality technologies more accessible to a wider audience. By partnering with
The Machines Arena is set to revolutionize the world of MOBA games with its unique approach to team-oriented gameplay. With two teams of four players competing in various modes, the game offers a fast-paced and challenging experience for players of all skill levels. The emphasis on teamwork is crucial for success in The Machines Arena,
The recent Bitcoin halving has created a buzz in the world of cryptocurrency. This event, which occurs every four years, involves cutting the rate at which new coins are generated in half. While this has a major impact on the overall crypto market, it also raises questions about how it will affect the emerging field
In a bold move, Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), recently made headlines by burning 4,295 HV-MTL NFTs. This decision came in response to the acquisition of two gaming IPs by the blockchain gaming studio Faraway. The burning of these NFTs represents 14% of the total supply of HV-MTL NFTs,
The gaming industry is on the verge of a significant transformation with the recent announcement of Sony and Microsoft’s plans to integrate blockchain technology into their consoles. This move signifies a major shift in the gaming landscape, particularly in the realm of web3 gaming. Blockchain technology, known for its association with cryptocurrencies, is a decentralized
