Recently, several major retail companies in South Korea, including Lotte and Hyundai, have made the decision to bow out of the non-fungible token (NFT) market. This move comes as a response to a noticeable slowdown in the NFT industry, prompting these companies to redirect their focus and resources back towards their core business operations. Lotte
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Gamee, a hypercasual gaming ecosystem, made a critical move when it transferred its GMEE token from Telegram to Ethereum following the $15 million hack on Polygon in early 2024. This strategic decision played a significant role in the recent surge of activity within the Gamee network. Apart from the migration to Ethereum, the integration of
On Wednesday, a groundbreaking NFT-based card game named Parallel made its debut on the Epic Games Store. This move strategically positioned Parallel in front of the platform’s extensive audience of over 270 million users, 75 million of which are active on a monthly basis. With Parallel now among the top PC games on the Epic
Uncharted has recently unveiled Gangster Arena 2 on Blast, a Layer 2 solution powered by Ethereum. This latest addition to the gaming world brings a unique blend of mobile idle tycoon mechanics and PVP game theory, catering specifically to the degen community. Players are thrust into the role of a mob boss, tasked with elevating
In a recent announcement, Animoca Brands Corporation Limited and its subsidiary, Bacasable Global Limited, revealed that The Sandbox had secured $20 million in funding. This funding round comes with a valuation cap of $1 billion, showcasing Animoca’s commitment to advancing digital property rights within the open metaverse. The injection of capital will accelerate The Sandbox’s
The Arbitrum Foundation, known for its Ethereum Layer 2 scaling solution, has recently announced a significant investment in the gaming sector within its ecosystem. This initiative, known as the Gaming Catalyst Program (GCP), aims to foster growth and innovation by promoting the use of Arbitrum, Orbit, and Stylus among game developers and players. Approval and
Decentralized gaming is taking a new turn with the release of Overworld Arena, showcasing the power of blockchain technology to revolutionize the gaming industry. With a focus on accessibility, involvement, and real-world rewards, Xterio has introduced a mini-game that is set to change the way players engage with decentralized gaming platforms. Overworld Arena offers a
McDonald’s Singapore has taken a bold step into the metaverse with the launch of its digital environment called “My Happy Place.” Developed in partnership with Bandwagon Labs, this virtual space is accessible through the official McDonald’s app and offers a combination of virtual and real-world experiences. The platform is designed to provide users, especially 2023
The metaverse is no longer a distant concept; it is now a reality that is transforming the digital world and how we engage with it. Metaverse apps act as gateways to these virtual shared spaces, offering immersive experiences, social interactions, and economic activities in a 3D environment. The concept of a metaverse app bud is
In a ground-breaking move, MetaMask has forged a partnership with HyperPlay, a renowned Web3 game store, to revolutionize the world of Web3 gaming. This collaboration has paved the way for the introduction of a new games directory within the MetaMask Portfolio, offering users a seamless way to explore and manage in-game assets. By joining forces,