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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Nexon, the South Korean video game developer, plans to launch a web3 version of MapleStory on the Avalanche blockchain, adding user-generated content and new gameplay mechanics. The official blog post by Avalanche detailed that this version, named MapleStory N, will enable players to design and share their own creations within the game. Set to be…
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Two personal crypto wallets belonging to Jeff “Jihoz” Zirlin, the co-founder of Sky Mavis, the company behind the popular play-to-earn (P2E) game Axie Infinity, have been compromised, reports on February 23 show. Following this hack, over $10 million worth of various crypto assets were stolen, primarily RON, the native token of Ronin Chain, the Ethereum sidechain designed…
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Valentine’s Day is often viewed as one of the most romantic holidays, yet celebrating love can create a huge amount of stress and pressure for some individuals. Recent statistics from Drive Research found that while 52% of consumers will celebrate Valentine’s Day, 3 in 10 Americans will go into credit card debt this year from Valentine’s…
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South Korean Web3 game developer Wemade has disclosed a significant increase in operating and net losses in the fourth quarter of last year, as per its latest earnings report. According to the report released on Tuesday, the Kosdaq-listed company’s net loss surged to 189.5 billion won ($142.6 million) in the fourth quarter of 2023, compared…
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Gods Unchained developer Immutable launched early access for its zkEVM Mainnet powered by Polygon on Monday. In the early access period, a mainnet deployer allowlist will be in place to guarantee operational smoothness and user security. Initially, this allowlist will include specific game studios and ecosystem partners. The zkEVM, a gaming chain based on Ethereum,…
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Sega Singapore, a subsidiary of the worldwide recognized entertainment company, has announced that it will seek to produce new Web3 games as part of a partnership established with Finschia, a blockchain project. As part of this partnership, Sega will also participate in the governance of Finschia, operating a node to help secure the network. Sega…
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Source: Adobe/nuclear_lily Bitcoin’s recent flash crash has sent shockwaves across the cryptocurrency market, impacting various gaming-related tokens. On Wednesday, Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a rapid decline of approximately 7%, prompting a domino effect that saw gaming tokens losing anywhere from 5% to 15% of their value. According to data from…
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Source: Zerbor/Adobe The South Korean gaming firm WeMade has been hit with a $41 million tax bill for its crypto-related activities. Yonhap reported that the National Tax Service (NTS) issued the bill following an investigation into the firm’s historic crypto business operations. The NTS said it had issued the bill “as a result of the…
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Source: AdobeStock / Zdenek Sasek The management team of the blockchain chess game Immortal Game has decided to kill off its non-fungible tokens (NFT) play-to-earn (P2E) features. The reason: widespread cheating. “Our heart lies in chess,” the team said. They aim to make Immortal Game a top online chess hub – one that is fair…
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