Yuga Labs has made a strategic decision to sell two of its gaming intellectual properties (IPs), HV-MTL and Legends of the Mara, to Faraway, a prominent Web3 gaming studio. This move is aimed at allowing Yuga Labs to concentrate its efforts on the development of its major projects, Otherside and Dookey Dash. By divesting these
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Illuvium recently announced plans to distribute 250,000 ILV tokens in an airdrop program worth approximately $25 million. This initiative is aimed at rewarding its community members for their continued engagement within the ecosystem. The airdrop is not only a marketing strategy but also a way to show appreciation towards the loyal members of Illuvium. Out
Avalon, an independent Web3 gaming studio, has recently generated buzz in the gaming industry with its successful $10 million funding round. Led by Bitkraft Ventures and Hashed, this funding aims to propel the development of Avalon’s groundbreaking MMO game. What sets Avalon apart is its commitment to empowering players by allowing them to create, own,
The partnership between Dentsu Inc. and Chiru Labs has resulted in the creation of an anime anthology series titled “Enter The Garden” that incorporates the globally popular Azuki NFT project. Directed by Goro Taniguchi, a renowned figure in the anime industry, this trilogy promises to offer a unique viewing experience for anime enthusiasts around the
In a groundbreaking move, step-and-earn app STEPN has partnered with global sportswear giant Adidas to introduce a limited-edition STEPN x Adidas Genesis Sneakers NFT collection. This collaboration signals the start of a year-long alliance between the two companies, promising more NFT releases and wearable items down the line. The Solana-based generative NFT collection consists of
Dapper Labs, the company known for its popular NFT projects like NBA Top Shot and CryptoKitties, found itself in hot waters due to an investigation conducted by the U.S Securities and Exchange Commission (SEC). Despite the case being closed in September 2023, the details of the investigation still linger in the air, leaving many curious
The SuiPlay0x1 is a groundbreaking portable gaming device developed by Playtron in partnership with Mysten Labs. This innovative device is designed to disrupt the handheld gaming industry by offering a cost-effective, versatile operating system that caters to both traditional and blockchain games. One of the standout features of the SuiPlay0x1 is its seamless integration with
Gunzilla Games has recently made headlines with their announcement of integrating the GUNZ blockchain into the popular NFT marketplace OpenSea. This move is not just about enabling the trading of in-game items, but it signifies a shift towards empowering players with true ownership of their digital assets. With the GUNZ blockchain developed on a custom
Immutable, the blockchain gaming company, has recently unveiled its latest expansion pack called Dread Awakening for the popular trading card game, Gods Unchained. This groundbreaking expansion features a crossover with the highly anticipated blockchain game, Guild of Guardians. Set to be released on 23rd April, Dread Awakening will introduce 148 new cards, marking a significant
In a recent announcement, the Swedish tax authority, Skatteverket, made significant rulings on the Value-Added Tax (VAT) treatment of Non-Fungible Tokens (NFTs). With the growing economic importance and interest in NFTs within the digital realm, the authority clarified that the standard 25 percent tax rate applies to NFTs associated with digital works. The ruling highlights
