The videogame developer Studio369’s has successfully raised $5 million in the latest funding round for its upcoming web3 MMO, MetalCore. As detailed in the press release provided to Cryptonews.com, the March 12 funding round saw contributions from notable investors such as Delphi Digital, BITKRAFT Ventures, and Sanctor Capital alongside other backers supporting Studio369’s vision. Additional…
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Disney, one of the biggest entertainment companies, has decided to acquire a $1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate to develop a metaverse featuring Disney-owned intellectual properties (IPs) which will benefit from interaction and coexistence with Fortnite. The Disney Metaverse Is Coming Disney is…
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Getting regulatory approval has been crucial for companies, particularly in a tight regulatory environment during the crypto winter. As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses. …
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Dapper Labs, known for its non-fungible token (NFT) collection NBA Top Shot, has unveiled Disney Pinnacle, its latest endeavor. This new platform is set to transform the traditional pin-collecting hobby into a digital experience, featuring characters from Disney’s long-standing history, Pixar, and the Star Wars universe. Dapper Labs announced the opening of the waitlist for…
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The NFT platform, dubbed Disney Pinnacle, will go live later this year. Disney has created a nonfungible token (NFT) platform together with blockchain and metaverse firm Dapper Labs. According to the Nov. 14 announcement, Disney will tokenize its iconic cartoon characters from the past century onto its NFT marketplace, dubbed Disney Pinnacle. The platform will also…
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Cryptoys – Andreessen Horowitz-backed, non-fungible token (NFT)-native digital toy company – confirmed that it will launch a new collection featuring the world’s most famous mice and planet-named dog. Cryptoys said on Monday that the team is “incredibly excited” to announce their latest digital toys drop in partnership with Disney. Mickey Mouse, Minnie Mouse, and Pluto…
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Disney has reportedly created a task force for studying how it can incorporate AI into its operations, sources close to the matter told Reuters. Disney is reported to have created a task force to study artificial intelligence (AI) and its potential applications throughout the company, according to a Reuters report. According to the report, three…
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The crypto platform Cryptoys, backed by Andreessen Horowitz, has announced the launch of Star Wars collectible digital toys featuring iconic characters Darth Vader, Luke Skywalker, and Princess Leia. Cryptoys stated on Thursday that 15 digital action figures will be available to collect in total, and the initial Star Wars non-fungible token (NFT) drop will begin…
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The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the…
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Binance handles fear, uncertainty and doubt (FUD) surrounding its business future following a lawsuit from U.S. authorities. Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to…
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