ony's Patent Reveals Plans for NFT Transfers Between Games
14 hours ago 1 min read

Sony Explores Cross-Platform NFT Transfers with New Patent

Sony Interactive Entertainment, the powerhouse behind the PlayStation brand, has filed a patent for a new framework that could revolutionize the way nonfungible tokens (NFTs) are used in gaming. With a history of interest in the crypto industry, the company’s latest move highlights the potential for integrating NFTs into gameplay across multiple platforms. The patent, titled “NFT framework for transferring and using digital assets between game platforms,” outlines Sony’s plan to enable users to transfer and utilize NFTs in different games. This would allow NFTs to represent skins and other in-game functionalities, enhancing the gaming experience for players. The abstract

Upland’s 2023 Hackathon To Showcase The Future Of Web3 Metaverse Super Apps
2 days ago 6 mins read

Upland’s 2023 Hackathon To Showcase The Future Of Web3 Metaverse Super Apps

PALO ALTO, California, 23rd March, 2023, Chainwire Upland, the metaverse super app mapped to the real world, is partnering with the EOS Network Foundation, a community-led, not-for-profit organization that coordinates public-goods funding and support to encourage the growth of the EOS Network, to launch Upland’s second hackathon where web2 and web3 developers are invited to bring new games and experiences leveraging Upland assets.  As the only metaverse mapped to the real world, developers are able to create experiences that leverage unique characteristics of the Upland ecosystem, which include geo-specific context and assets like FIFA Women’s World Cup Australia and New Zealand

Celebrities Face SEC Charges Over Cryptocurrency Promotion Scheme
3 days ago 1 min read

SEC Brings Charges Against Lindsay Lohan, Jake Paul, Soulja Boy, and Akon in Crypto Scam

The Securities and Exchange Commission (SEC) has announced charges against a group of celebrities, including actor Lindsay Lohan and boxer Jake Paul, in connection with a cryptocurrency promotion scheme. Also included in the charges are a group of rappers and R&B stars, including Soulja Boy, Akon, and Lil Yachty. The SEC alleges that the celebrities promoted the cryptocurrency offering without disclosing that they were paid to do so. The SEC claims that the group received millions of dollars in exchange for promoting the cryptocurrency offering on their social media accounts. According to the SEC, the celebrities violated securities laws by Launches, a Brand New NFT Marketplace
1 week ago 2 mins read Launches, a Brand New NFT Marketplace

Wilmington, Delaware, 15th March, 2023 has announced the launch of its innovative NFT marketplace, designed to be the ultimate destination for NFT enthusiasts, artists, and collectors. After more than 15 months of development, NFTonPulse is ready to go live. The marketplace, now in beta on the Goerli Ethereum testnet, will soon launch on the PulseChain network, putting creators and collectors at the forefront of the ever-growing NFT ecosystem. NFTonPulse’s launch on PulseChain will enable lightning-fast transactions, easy NFT creation, and a simplified platform that makes it easy for everyone to participate in the NFT market. By saying goodbye to gas

PLBY Group the parent company of Playboy has announced a $4.9 million impairment loss
1 week ago 1 min read

Playboy’s Crypto Catastrophe: $4.9M Loss on Ethereum NFTs

PLBY Group, the parent company of Playboy, has announced a $4.9 million impairment loss on the Ethereum it held last year. The loss was incurred due to the significant decline in market prices during the crypto winter, according to the company’s annual filing. Playboy accepted Ethereum as payment for its “Rabbitars” non-fungible tokens (NFTs), which were launched in 2021. These NFTs are held in the company’s balance sheet as digital assets, with a value of $327,000 as of last year. However, a previous filing showed that the company’s digital assets were worth $1.75 million as of September 30, 2021. The

Platform founded by Sotheby’s and Christie’s veterans announces LiveArt X-Card
1 week ago 5 mins read

Platform founded by Sotheby’s and Christie’s veterans announces LiveArt X-Card

London, United Kingdom, 15th March, 2023 LiveArt release is in partnership with iv gallery, whose roster of artist projects includes, Beeple, WhIsBe, BossLogic, PAK, Tom Yoo and many other artists that shaped the Web3 art movement. LiveArt, a global art platform and community of over 400,000 people backed by Animoca Brands, Binance Labs, and KuCoin Labs, today announced their X Card NFT collection – a new mint pass created exclusively for collectors and creators. Going live on 5th April, the LiveArt X Card hopes to bring an end to the biggest problem in the NFT market – flipping and speculation. 

Salesforce has partnered with Polygon blockchain to add NFTs
1 week ago 1 min read

Polygon and Salesforce Collaborate to Launch Innovative NFT Management Platform

Salesforce, the leading CRM software company, has partnered with Polygon blockchain to add NFTs to their suite of tools. This move marks another significant win for Polygon, which has already established partnerships with Starbucks, Reddit, and other big names. According to independent researcher Mike Sonders, Salesforce is the biggest SaaS company on a U.S. stock exchange. The partnership with Polygon will help Salesforce clients create token-based loyalty programs. The move follows a successful pilot program that involved Mattel and Crown Royal. While many top SaaS companies are exploring the NFT sandbox, there is likely more than meets the eye in

Metacade’s Community-Driven GameFi Platform Raises Over $10M in Presale
2 weeks ago 3 mins read

Metacade’s Community-Driven GameFi Platform Raises Over $10M in Presale

London, United Kingdom, 14th March, 2023 Play-to-earn favorite Metacade continues to draw investor attention after raising more than $10m, as it now enters the penultimate stage of the presale. With confirmed listings on Bitmart and Uniswap due after the presale ends on the 30th of March, there are only 16 days left before the token goes public. MCADE is available to buy on the official Metacade website. Russell Bennet, CEO of Metacade, said of the recent presale success: “I’m absolutely thrilled that we’ve continued our traction and have hit such a huge milestone. The confidence that our supporters have put in us is

Meta to Scale Back NFT Efforts on Facebook and Instagram, Redirect Resources Elsewhere
2 weeks ago 1 min read

Meta to Abandon NFTs on Facebook and Instagram, Prioritize Different Services

Meta Platforms, the parent company of Facebook and Instagram, announced that it will wind down its non-fungible token (NFT) operations on both social media services. This move is part of the company’s plan to pull back from Web 3.0 technologies and focus on other ways to expand support for creators and businesses. According to Stephane Kasriel, Meta’s head of commerce and financial technologies, the company will shift investments from NFTs to its payment service Meta Pay and other features that enable creators to earn money directly on platforms. Kasriel also stated that the company plans to focus on “areas where

BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew
2 weeks ago 3 mins read

BinaryX Releases Trailer and Opens Beta Test For Futuristic Space Game Project Matthew

Singapore, Singapore, 13th March, 2023 BinaryX announced today the upcoming release of a space-building simulation game, Project Matthew. The team just released the trailer video which gives a first look at the game, and is also opening registration for their Closed Beta Test happening soon.  Introducing Project Matthew: The Exciting New Space-Building GameProject Matthew is an upcoming space-building simulation game developed and published by developer BinaryX. The game takes place in outer space, where players have taken over as landlords of a distant land called Matthew. The goal of the game is for players to build their own extraterrestrial cities, by

Bloxmith, the player-first Web3 gaming studio
2 weeks ago 2 mins read

Bloxmith Launches Raiders Rumble, A Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain

Taipei, Taiwan, 13th March, 2023, Chainwire Bloxmith, the player-first Web3 gaming studio, today announced that the open beta for Raiders Rumble, its unique 1v1 squad battler game for mobile powered by the Flow blockchain, is now available for download on Google Play and Apple App Store.  Raiders Rumble challenges players to apply fast-paced strategic decision making in countering the moves of their opponents. Built as a strategic esports game for the masses, it features a daily rotation of tournament modes where the top 50 percent of participants can win in-game items or RUMB tokens, Raiders Rumble’s project token.  Furthermore, players do not need a

The Federal Financial Supervisory Authority of Germany (BaFin)
2 weeks ago 1 min read

German Regulator BaFin Advocates Customized Strategy for NFTs

The Federal Financial Supervisory Authority of Germany (BaFin) recently published an explanatory note addressing the legal classification of nonfungible tokens (NFTs). The note revealed that BaFin is not prepared to categorize NFTs as securities, and instead suggests that NFTs should be classified on a case-by-case basis. BaFin has stated that, at present, it doesn’t see how NFTs meet the criteria to be classified as securities. However, the regulatory authority has not ruled out the possibility that NFTs could be considered securities in the future. For instance, if 1,000 NFTs carry the same repayment and interest claims, they could be considered