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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In a recent statement, Terraform Labs CEO Chris Amani revealed that Terra will transition into a community-led project as the company prepares to wind down operations in the wake of a $4.5 billion SEC settlement. Amani emphasized the need for the community to “take over ownership of the chain” moving forward. He expressed confidence that
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
The recent report released by the EU Innovation Hub for Internal Security sheds light on the significant impact that cryptocurrencies are having on law enforcement efforts. One of the key findings of the report is the increasing difficulty for authorities to track and recover illicit digital assets that are being moved through decentralized methods like
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
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 recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked optimism among long-term holders who have now seen their holdings enter the profit zone. This surge has been particularly evident among US-based investors, as indicated by the positive Coinbase premium. The Coinbase Premium Index (CPI), previously in the negative since May 18, has
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,
In the ever-evolving world of digital marketing, the ability to adapt and embrace innovative solutions is crucial for success. Telega.io, a leading platform in Telegram advertising solutions, has recently announced a groundbreaking enhancement to its payment options. By incorporating Notcoin as a payment method, Telega.io aims to revolutionize the landscape of digital marketing campaigns on
Binance recently made an announcement that it will be halting trading services for certain cryptocurrencies, which has caused a significant drop in the prices of those assets. Some of the tokens that will be affected include OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). Withdrawals for these assets will not be supported after