254 days ago • cryptodaily
Crypto Weekly Roundup: Binance Buys CRV, Fed Against PayPal, And
The $5 million investment from Binance Labs in the CRV token is part of a strategic deal under which Curve will explore deployment to the BNB Chain. Let’s find out more.
Ethereum
Less than a day after PayPal’s huge announcement, Ethereum became flooded by imposter tokens trying to ride the hype.
DeFi
The Curve protocol is trying to track down the lost funds and the hacker by offering a $1.85 million reward to anyone identifying the exploiter.
Binance Labs, the venture capital and incubation division of Binance, has plunged $5 million into the Curve DAO Token (CRV), cementing its stance in the DeFi realm.
The MakerDAO founder, Rune Christensen, announced an airdrop for the Spark Protocol’s native SPK token.
The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token.
Cardano-based DEX, MuesliSwap, has taken the decision to refund users who faced unintended losses due to slippage mechanics on the platform.
Solana-based DEX, Cypher Protocol, disclosed on August 7th that a significant security breach occurred on their platform.
Altcoins
Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers' charts before abruptly crashing.
Business
Asian crypto exchange, Huobi, is doing its best to dispel the arrest and financial stability rumors that have led to a flight of funds.
As Bitcoin breaks higher, rating agency Moody’s downgraded 10 US banks on Monday, with negative rating actions on many more.
In a groundbreaking move, video game commerce giant Xsolla has teamed up with cryptocurrency platform, Crypto.com.
OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut.
Binance has published its August 2023 reserve report, showcasing a reserve ratio well over 100% for all of its major cryptocurrency holdings.
Regulation
South Korean authorities have arrested the CEO of the Bitsonic crypto exchange, Jinwook Shin, for allegedly stealing $7.5 million dollars of user funds.
The Federal Reserve has issued a new announcement obliging banks to jump through extremely exacting requirements in order to do business with crypto entities.
Crypto exchange Bittrex has agreed to a $24 million settlement with the SEC, bringing to close allegations of offering unregistered securities to American investors.
The French financial regulator announced amendments to its registration requirements for digital asset service providers as it prepares for MiCA’s implementation.
Hong Kong’s Securities and Futures Commission (SFC) issued a warning addressing investors against crypto platforms “engaging in improper practices.”
Bitstamp announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase.
Binance announced that it had become the first fully licensed cryptocurrency trading platform in the country of El Salvador.
Stakeholders of blockchain-based trading protocol Mango Markets are grappling with financial challenges as the platform faces mounting legal expenses in the aftermath of its exploit.
Blockchain.com has secured a payments license from Singapore's regulatory body, the Monetary Authority of Singapore (MAS).
Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume.
Web3
India has challenged its residents to develop an indigenous web browser with the feature of signing documents digitally through crypto tokens.
The waitlist for the integration of a self-custody wallet, TON Space, within Telegram Messenger, is now available for developers.
The new collaboration between Microsoft and Aptos Labs will use the best of AI and blockchain technologies to drive Web3 to the masses.
Prominent stablecoin issuer Circle announces the launch of its Web3 Programmable Wallets public beta version for developers on three blockchains.
Security
Venture capital firm Blockchain Capital fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked.
DeFi stalwart, MakerDAO, is facing heightened scrutiny after the introduction of its new platform, Spark Protocol.
Steadefi has become the latest DeFi entity to be hit with an exploit, with the company stating in a tweet on X that all the funds it currently holds are at risk of becoming irrecoverable.
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
254 days ago • cryptodaily
Crypto Weekly Roundup: Binance Buys CRV, Fed Against PayPal, And
The $5 million investment from Binance Labs in the CRV token is part of a strategic deal under which Curve will explore deployment to the BNB Chain. Let’s find out more.
Ethereum
Less than a day after PayPal’s huge announcement, Ethereum became flooded by imposter tokens trying to ride the hype.
DeFi
The Curve protocol is trying to track down the lost funds and the hacker by offering a $1.85 million reward to anyone identifying the exploiter.
Binance Labs, the venture capital and incubation division of Binance, has plunged $5 million into the Curve DAO Token (CRV), cementing its stance in the DeFi realm.
The MakerDAO founder, Rune Christensen, announced an airdrop for the Spark Protocol’s native SPK token.
The Aave community has started voting on three crucial proposals that could help significantly reduce the protocol’s exposure to Curve Finance’s CRV token.
Cardano-based DEX, MuesliSwap, has taken the decision to refund users who faced unintended losses due to slippage mechanics on the platform.
Solana-based DEX, Cypher Protocol, disclosed on August 7th that a significant security breach occurred on their platform.
Altcoins
Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers' charts before abruptly crashing.
Business
Asian crypto exchange, Huobi, is doing its best to dispel the arrest and financial stability rumors that have led to a flight of funds.
As Bitcoin breaks higher, rating agency Moody’s downgraded 10 US banks on Monday, with negative rating actions on many more.
In a groundbreaking move, video game commerce giant Xsolla has teamed up with cryptocurrency platform, Crypto.com.
OPNX, the newly launched crypto exchange by founders of the now-defunct Three Arrows Capital (3AC), has reportedly launched a bid to take over struggling crypto lender Hodlnaut.
Binance has published its August 2023 reserve report, showcasing a reserve ratio well over 100% for all of its major cryptocurrency holdings.
Regulation
South Korean authorities have arrested the CEO of the Bitsonic crypto exchange, Jinwook Shin, for allegedly stealing $7.5 million dollars of user funds.
The Federal Reserve has issued a new announcement obliging banks to jump through extremely exacting requirements in order to do business with crypto entities.
Crypto exchange Bittrex has agreed to a $24 million settlement with the SEC, bringing to close allegations of offering unregistered securities to American investors.
The French financial regulator announced amendments to its registration requirements for digital asset service providers as it prepares for MiCA’s implementation.
Hong Kong’s Securities and Futures Commission (SFC) issued a warning addressing investors against crypto platforms “engaging in improper practices.”
Bitstamp announced that it would suspend trading for several cryptocurrencies identified as securities by the SEC in cases against Binance and Coinbase.
Binance announced that it had become the first fully licensed cryptocurrency trading platform in the country of El Salvador.
Stakeholders of blockchain-based trading protocol Mango Markets are grappling with financial challenges as the platform faces mounting legal expenses in the aftermath of its exploit.
Blockchain.com has secured a payments license from Singapore's regulatory body, the Monetary Authority of Singapore (MAS).
Prominent crypto analyst and investor Adam Cochran has called into question the solvency of Huobi, the 12th largest cryptocurrency exchange globally by spot trading volume.
Web3
India has challenged its residents to develop an indigenous web browser with the feature of signing documents digitally through crypto tokens.
The waitlist for the integration of a self-custody wallet, TON Space, within Telegram Messenger, is now available for developers.
The new collaboration between Microsoft and Aptos Labs will use the best of AI and blockchain technologies to drive Web3 to the masses.
Prominent stablecoin issuer Circle announces the launch of its Web3 Programmable Wallets public beta version for developers on three blockchains.
Security
Venture capital firm Blockchain Capital fell victim to a sophisticated phishing scam after its social media account on X, previously known as Twitter, was hijacked.
DeFi stalwart, MakerDAO, is facing heightened scrutiny after the introduction of its new platform, Spark Protocol.
Steadefi has become the latest DeFi entity to be hit with an exploit, with the company stating in a tweet on X that all the funds it currently holds are at risk of becoming irrecoverable.
Alchemix, a lending platform, has reported that all the funds stolen by the Curve Finance hacker from Alchemix’s alETH-ETH pool have been returned.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
259 days ago • cryptodaily
MetaCene Revolutionizes Blockchain Gaming with Successful MMORPG Alpha Test
Singapore, Singapore, August 9th, 2023, ChainwireThe blockchain gaming industry is undergoing a transformation and leading this charge is MetaCene, a pioneering AAA-inspired next-gen MMORPG incubated and published by MixMarvel. Building on its foundational strengths—dynamic gameplay, blockchain integration, and deep community engagement—MetaCene has wrapped up its immersive Alpha Test. A post-apocalyptic society, where survivors leverage diverse NFTs to craft a new civilization, emerged as the testing ground for innovative game dynamics and community-driven experiences. As players embarked on this journey from July 31st to August 7th, 2023, the gaming community awaited feedback and insights on this groundbreaking experience.Diving into the MetaCene UniverseThe Alpha Test's landscapes, namely the Origins of Clouds, Birdcry Town, and Sky Metropolis, unveiled a tapestry of lore, challenges, and technological wonders. Each zone, rich in narrative and design, presented players with unique opportunities for exploration, interaction, and accomplishment. The Origins of Clouds, for instance, offered a visually stunning entry into MetaCene’s universe, while Sky Metropolis stood as a beacon of future digital societies.Participants were met with a potent blend of Player vs. Environment (PVE) and PVP interactions as prominent features during the Alpha phase. The test emphasized the weight of each player's choices and their ripple effect throughout the game's evolving universe. The DAO-governed guilds epitomized this player agency, granting participants a direct hand in shaping the game's trajectory.Feedback from Industry LeadersThe reviews are in and the sentiment is overwhelmingly positive. Here is how some leading guilds and players described their experience:“Playing this game MetaCene gives me a nostalgic feeling! I remember my childhood feeling when partying with other people that I did not know personally. Exchanging stories while leveling up with the community is one of the best feelings and you can find it in MetaCene” - Munchies, ALLGUDINDAHUD"In total, the MetaCene game impressively constructs its game within this genre." - Ancient 8"I'm loving the game optimization...how smooth it currently is while exploring." - Hooga Gaming“We had an amazing time testing Metacene. We enjoyed exploring multiple features of the game, especially boss hunts and PvP! Although we encountered several bugs, it was expected since we are at the Alpha stage of the game. Overall, it was a great experience for the guild!” - Nomad, GuildHouse“A week of sheer gaming chaos! NFTXSTREET ventured into a PK-packed world, but the gameplay's insanity took us by storm. From vengeance to mine protection – absolute madness. Drama, politics, and pesky bugs spiced up the alpha test. NFTXSTREET holds top ranks and readies for more ruthless PKing in the next round!” - JB, NFTXS Guild"MetaCene's blockchain integration is undeniably innovative and stands out in the gaming space. The introduction of MMSDK sets them apart, offering players a seamless experience to transact with on-chain assets directly within the game. The game is so much more polished than the last time. Really glad your team is working hard on it." - PathDAO"I really like the art style reminds me of Jojo's adventure, and the skill animations are smooth. And the red button to notify you when you picked up higher power equipment." - Valluna“Metacene's science fiction universe is really captivating and once you log in, it's hard to stop playing! The monsters are unique; some are even funny! Looking at you Land Sprite! Overall, I've had a blast being a gunner (pun intended) and managed to get to level 33. Looking forward to the launch! Kudos Metacene team!"- Mae-zing, YGG“One of the best Web3MMORPG I played as of this date looking forward to playing it on launch day!” - Spraky, YGG“The biggest MMORPG of the year where you can play, earn and have fun.” - Salles RJ, Brazilian YouTube Influencer“Great gameplay for being an alpha version. Good dynamics between missions. Fun and makes you want to play more and more.” - Moreze, Brazilian YouTube InfluencerBy the Numbers: MetaCene's Alpha Test MetricsPlayer Engagement: Of the 2961 enthusiasts who delved into the Alpha Test universe, a staggering 2663 (or roughly 90%) were engaged in Player vs. Player (PVP) combat, underscoring the game's intense and captivating battle dynamics. Such a high participation rate showcases the competitive spirit MetaCene incites and the immersive appeal of its combat scenarios.Time Spent: Players collectively devoted an impressive 461916 minutes, further emphasizing the game's ability to captivate and retain player attention.Mining Success: Out of the participants, 480 individuals showcased their strategic prowess, successfully engaging in mining activities 2527 times.Boss Battles: A key highlight was the elimination of 2258 bosses, a testament to the collaborative spirit and strategic acumen of the player community.Diving deeper into the metrics, the transactional dynamics during the Alpha Test also provide compelling insights into its success. Spanning the period from July 31 to August 8:RPG (Rangers Protocol) Transactions: The gaming-centric blockchain that fuels MetaCene witnessed 112 RPG transactions and the birth of 29 fresh addresses.USDT Transactions: There was an impressive 6,166 USDT transactions, accompanied by the creation of 1,225 new addresses.MUD Transactions: Perhaps the most revealing metric lies in the MUD transactions, MetaCene's in-game currency. There were 3,558 MUD transactions, leading to 846 new addresses. The diverse utility and functionality of the MUD token came to the fore during the Alpha Test. The following are all the types of in-game utilization that were available during the test:Store usageTrading taxOff-chain actionGuild creationSkill upgradeWeapon enhancementWarehouse unlockBackpack spots acquisitionWeapon refinementJail briberyResurrectionWarehouse storageTotal consumption stood at 17,147,819 MUD.Such extensive and varied usage of the MUD token underscores the game's multifaceted strengths and intrinsic value and adaptability of the in-game currency. It paints a vivid picture of a thriving virtual economy, highlighting both the allure of the game and the tangible utility of its digital assets.Alan Tan, the game creator, shared “MetaCene's Alpha Test was a pivotal moment in our journey to re-imagine the MMORPG universe through blockchain. Witnessing thousands of players, from MAN NFT holders to the wider gaming community, explore and engage with our world was truly exhilarating. Their feedback and experiences will be invaluable as we continue refining our vision, ensuring that MetaCene remains at the cutting edge of player-centric, blockchain-integrated gaming.”The Road AheadAs MetaCene navigates its path to Beta testing, the gaming audience is abuzz with excitement. With a proven track record of blending stellar gameplay with innovative blockchain applications, MetaCene's future holds immense promise.MetaCene's Alpha Test has been more than just a game—it's a synthesis of technology, art, and community. This harmonious blend heralds a new era for blockchain gaming, one where engagement, empowerment, and entertainment converge.About MetaCeneMetaCene is building a next-gen blockchain MMORPG homeland for mass players. It presents a surreal post-apocalyptic society where survivors interact with diverse NFTs to redefine civilizations. MetaCene pioneers player-centric entertainment, governance, and creation through innovative PVE and PVP gameplay, robust technology infrastructures, social guild DAO governance, sustainable economic systems, and in-game editors. MetaCene is founded by gaming experts with 20+ years of industry experience from Shanda Games, Blizzard, Perfect World, and others. It envisages a multi-chain future from Rangers Protocol with real-time confirmation and super-low gas fees. The MetaCene Apostle NFT collection and the Alpha version are coming in 2023 Q2.ContactHenry [email protected]
260 days ago • cryptodaily
YGG Surges Nearly 600% Before Crashing, What’s Going On?
Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers charts before abruptly crashing.
According to reports, a new Binance trading product and an ongoing community gaming event have played a pivotal role in the incredible price rally of the YGG token.
YGG Token Surges
According to data from CoinmarketCap, the Yield Guild Games (YGG) token saw a dramatic surge over the past week, rising by 580% and reaching a peak of $0.93 on the 7th of August, 2023. However, the token abruptly crashed soon after reaching this price level and is currently trading at around $0.36. However, the token had hinted at a decline in price in its gradually dropping trading volume. The trading volume recorded a drop of 26% in 24 hours, falling under $500 million, while the market cap increased by $17 million, reaching $161 million.
Why Did The YGG Price Rally?
Observers attributed the surge in the YGG token’s price to a couple of major factors. On the 3rd of August, Yield Guild Games announced the 4th season of the Guild Advancement Program (GAP). The Guild Advancement Program is a periodic gaming event that distributes rewards such as tokens to community members who successfully complete specified quests in participating in YGG-affiliated games.
The 4th season of Yield Guild Games includes some of the biggest names in the space, such as Splinterlands, Skyweaver, and Axie Infinity. As a result, it should come as no surprise that the Yield Guild Games network usage saw a spike, reaching a one-month high of 192 active addresses. Yield Guild Games stated in its press release,
“Some of the community’s most recent top picks are joining the fold this season, with all-new quests for guild members to dive into as they hone their skills and establish their web3 reputation. The season will officially begin on the 3rd of August, 2023, and will run until the 27th of September, 2023.”
Barely a day later, Binance announced plans to launch a YGG/USDT trading pair for perpetual contracts on its CEX platform, allowing up to 20x leverage. Available on-chain data suggests that the announcement brought in about $100 million worth of new capital into the YGG ecosystem.
Whales Dumping Share Of YGG
While the growth has been quite notable, reports have emerged of venture capital companies who initially backed the project, reportedly looking to sell their share of YGG on Binance. Data from LookOnChain sourced on the 7th of August shows that Bitkraft Ventures and DWF Labs have moved their YGG holdings to Binance and are most likely looking to sell. DWF Labs had received around 29 million YGG from the Yield Guild Games Treasury. However, on-chain data has suggested that most of these tokens have been moved to exchanges. Bitkraft Ventures also made large deposits on Binance using FalconX.
Another whale, Wintermute Trading, has reportedly deposited just over 11 million YGG worth $6.7 million to different exchanges over the past four days. It currently holds a further 2.5 million YGG, valued at around $1.5 million. LookOnChain also showed that Youbi Capital had deposited around 1 million YGG to Binance. The firm currently holds about 11 million YGG. Sfermion has also jumped on board the selling wagon, using FalconX to deposit its YGG tokens on Binance.
Large deposits generally signify an investor’s willingness to exchange the token for other assets or sell them. This is also true of whales such as the ones mentioned earlier. Smaller investors generally tend to follow larger investors, copying their selling behavior.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
260 days ago • cryptodaily
YGG Surges Nearly 600% Before Crashing, What’s Going On?
Yield Guild Games surged nearly 600% in less than a week, smashing through the top gainers charts before abruptly crashing.
According to reports, a new Binance trading product and an ongoing community gaming event have played a pivotal role in the incredible price rally of the YGG token.
YGG Token Surges
According to data from CoinmarketCap, the Yield Guild Games (YGG) token saw a dramatic surge over the past week, rising by 580% and reaching a peak of $0.93 on the 7th of August, 2023. However, the token abruptly crashed soon after reaching this price level and is currently trading at around $0.36. However, the token had hinted at a decline in price in its gradually dropping trading volume. The trading volume recorded a drop of 26% in 24 hours, falling under $500 million, while the market cap increased by $17 million, reaching $161 million.
Why Did The YGG Price Rally?
Observers attributed the surge in the YGG token’s price to a couple of major factors. On the 3rd of August, Yield Guild Games announced the 4th season of the Guild Advancement Program (GAP). The Guild Advancement Program is a periodic gaming event that distributes rewards such as tokens to community members who successfully complete specified quests in participating in YGG-affiliated games.
The 4th season of Yield Guild Games includes some of the biggest names in the space, such as Splinterlands, Skyweaver, and Axie Infinity. As a result, it should come as no surprise that the Yield Guild Games network usage saw a spike, reaching a one-month high of 192 active addresses. Yield Guild Games stated in its press release,
“Some of the community’s most recent top picks are joining the fold this season, with all-new quests for guild members to dive into as they hone their skills and establish their web3 reputation. The season will officially begin on the 3rd of August, 2023, and will run until the 27th of September, 2023.”
Barely a day later, Binance announced plans to launch a YGG/USDT trading pair for perpetual contracts on its CEX platform, allowing up to 20x leverage. Available on-chain data suggests that the announcement brought in about $100 million worth of new capital into the YGG ecosystem.
Whales Dumping Share Of YGG
While the growth has been quite notable, reports have emerged of venture capital companies who initially backed the project, reportedly looking to sell their share of YGG on Binance. Data from LookOnChain sourced on the 7th of August shows that Bitkraft Ventures and DWF Labs have moved their YGG holdings to Binance and are most likely looking to sell. DWF Labs had received around 29 million YGG from the Yield Guild Games Treasury. However, on-chain data has suggested that most of these tokens have been moved to exchanges. Bitkraft Ventures also made large deposits on Binance using FalconX.
Another whale, Wintermute Trading, has reportedly deposited just over 11 million YGG worth $6.7 million to different exchanges over the past four days. It currently holds a further 2.5 million YGG, valued at around $1.5 million. LookOnChain also showed that Youbi Capital had deposited around 1 million YGG to Binance. The firm currently holds about 11 million YGG. Sfermion has also jumped on board the selling wagon, using FalconX to deposit its YGG tokens on Binance.
Large deposits generally signify an investor’s willingness to exchange the token for other assets or sell them. This is also true of whales such as the ones mentioned earlier. Smaller investors generally tend to follow larger investors, copying their selling behavior.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
272 days ago • cryptodaily
Animoca Brands Investing $30M in hi, Forming Tactical Partnership
Web3 financial super app “hi” and Animoca Brands have entered a strategic partnership, with Animoca investing $30 million in hi. The partnership will see Animoca invest $30 million into hi, with the venture collaborating on several new initiatives.
hi, the Web3 financial super app and ecosystem, and Animoca Brands, the company advancing digital property rights for gaming and the metaverse, have teamed up by entering into a memorandum of understanding (MoU) for a strategic partnership.
Part of the partnership, subject to agreement of definitive terms, will see Animoca Brands invest $30 million in hi and collaborate on several new exciting initiatives. The companies’ shared vision aims to amplify the utility of fungible tokens and NFTs (non-fungible tokens) within the Web3 space.
Hi and Animoca Will Provide Unique-Human Authentication Mechanisms
The partnership will lead to deep integration between Animoca’s ecosystem and hi’s innovative services driving Web3 mass adoption. With a strong focus on boosting the hi ecosystem, anchored by the hi App – a cutting-edge financial super app for Web3 – and the hi Protocol (hiP) – a scalable, EVM compatible, Sybil-resistant layer-2 sidechain for Ethereum – the companies will work to provide developers with a unique-human authentication mechanism through hiP’s ground-breaking Proof of Human Identity (PoHI) solution.
Animoca is an undisputed leader in the NFT space and, with such a reputation, will support hi’s vision to deliver real-world use cases for cryptocurrencies and utility tokens, allowing users to directly spend and be rewarded with specific tokens used in the Animoca ecosystem, including SAND, EDU, APE, REVV, GMEE, and others.
In 2022, hi – with over 3.5 million users, of which 1 million are KYC-ed- announced the world’s first debit card featuring NFT avatar customization powered by Mastercard. With the first cards shipping in Q3 2023, eligible cardholders can personalize the face of their debit card with an NFT avatar they verifiably own and spend their fiat and digital currencies at more than 90 million locations worldwide. Animoca Brands’ portfolio companies will undoubtedly benefit from this unique customisation feature.
Yat Siu, the co-founder and executive chairman of Animoca Brands, said:
“We are looking forward to investing in and partnering with hi, which is committed to bridging the gap between the fiat and cryptocurrency worlds. As part of this partnership we will collaborate with hi on its continued development of the hi App and the hi Protocol to drive positive impact for the broader Web3 ecosystem.”
Sean Rach, the co-founder of hi, commented on the partnership:
“Hi is proud to work closely with Animoca Brands, especially given its experience in backing some of the earliest and most prominent Web3 companies. By teaming up with Animoca Brands, we will be able to boost the adoption of hi products and services, helping to drive mass adoption for blockchain technology.”
About hi
hi is building the world’s most user-friendly and functional app for crypto and fiat. It combines the functionality of a crypto exchange with a next-generation digital banking platform. The company provides members with an all-in-one service for savings, investments, payments, and lifestyle benefits. Almost 3.5 million people from 190+ markets have signed up for hi, and the hi App has been downloaded over 2 million times. Visit hi on Telegram, Twitter, Instagram, LinkedIn, or its website - hi.com.
hi is Payment Card Industry Data Security Standards (PCI DSS) certified.
hi has completed its registration as a Virtual Assets Service Provider (VASP) in Lithuania and registered as a Virtual Currency Operator with Italy’s payments services regulator, the Organismo Agenti e Mediatori (OAM).
hi has also completed the pre-registration activities under the supervision of the Hong Kong Securities and Futures Commission (SFC) to secure its Virtual Asset Trading Platform license. Download the iOS App or Download the Android App.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification working to advance digital property rights and contribute to establishing the open metaverse.
The company develops and publishes a broad portfolio of products, including original games such as The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGPTM, and Formula E.
It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be. , PIXELYNX, and WePlay Media.
Animoca Brands has a growing portfolio of over 450 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
303 days ago • cryptodaily
MetaBlaze Announces $4M Crypto Presale Sellout, Gaming Partnerships, and AI MetaChip NFT Drop
Dover, USA, June 26th, 2023, ChainwireMetaBlaze, a pioneering Web 3 Gaming, and AI Company, is building momentum as they approach its upcoming Q3 launch. Between strategic partnerships with household Crypto Gaming brands, a sold-out presale, and a never-before-seen AI-Integrated NFT collection, the MetaBlaze ecosystem is primed for its next evolution stage.MetaBlaze Reaches $4M Presale HardCap Despite Crypto WinterWhile the Web 3 Gaming industry has languished throughout 2022 and 2023, MetaBlaze has charged forward, going from strength to strength. Its community presale announces a filled hard cap, raising an impressive USD 4 million, with over two thousand and two-hundred holders.This achievement is a testament to the unwavering support from MetaBlaze's enthusiastic community, who are buoyed and inspired by the vision, scope, and potential exhibited by the MetaBlaze team. The Company is now looking forward to the anticipated launch of its native mblz token on September 15th, which will be available on several centralized and decentralized crypto exchanges.MetaBlaze Kickstarts Expansion with Two Key Strategic PartnershipsMetaBlaze is proud to announce partnerships with two of the most prominent Gaming Guilds in Web3.These partnerships represent a significant milestone in MetaBlaze's journey, as they bring together some of the most respected names in the gaming guilds space.MetaBlaze and Glip.gg have teamed up to positively impact the Web3 gaming space. Glip.gg is a renowned Gaming Guild with over ten million mobile app downloads. Leveraging their wealth of experience and vibrant player community, Glip.gg is poised to help MetaBlaze reach millions of players. Together, they plan to reshape Web3 gaming with MetaBlaze's innovative Craft-to-Earn and Solve-to-Earn experiences, interweaving with dynamic storytelling.MetaBlaze has also entered into a strategic partnership with IndiGG, an affiliate of the esteemed Yield Guild Games (YGG) DAO, backed by Polygon Studios. IndiGG operates as a regional subDAO, concentrating on augmenting play-to-earn prospects. Their primary objective is to engage the vast population of passionate global gamers. Through this collaboration, MetaBlaze and Indi.gg aim to bring about a transformative shift in Web3 gaming.MetaBlaze has established valuable partnerships to reach more players, elevate its game development, aiming to enhance gameplay for web3 gamers and deliver distinct MetaBlaze experiences that stand out in an increasingly competitive arena. MetaBlaze is sets a new precedent with innovative Craft-to-Earn & Solve-to-Earn mechanics, which incentivize players to showcase their creative crafting, problem-solving, and critical thinking skills. These mechanics ensure that each player's experience is just as dynamic as it is unique.At its core, the MetaBlaze ecosystem promotes interoperability and sustainability. Its unique gamenomics are designed to breathe new life into these iconic and established Gaming Guilds and reimagine the expectations of the Web 3 Gaming space, further enhancing the MetaBlaze universe, and creating a more immersive and rewarding experience for players.Unveiling The Industry's First Ever AI-Powered NFTsLaunching tomorrow, June 27th, MetaBlaze's AI MetaChip NFT brings disruptive new utility to the NFT industry. The AI MetaChip represents a significant advancement in the NFT space. It is a first-of-its-kind digital asset that enables players to metamorphose their coveted MetaBlaze NFTs into a responsive and adaptive AI-powered Galaxian Guide.The Galaxian Guide, an in-game companion, is designed to help players navigate the challenges and mysteries within the MetaBlaze Universe, experiencing and interacting with in-game content organically alongside gamers as events unfold. The Galaxian Guide provides MetaBlaze players with dynamic intelligence and guidance, unlocking their creativity, enhancing gameplay, and increasing their chances of success.Fully compatible with existing MetaBlaze NFTs, The AI MetaChip integrates seamlessly with MetaBlaze NFTs and gives players a competitive edge when navigating through mysteries and enigmas within the Universe.The Galaxian Guide reimagines the possibilities of NFT technology, incorporating AI in an unprecedented manner within the Web 3 gaming industry and enhancing gaming experiences for players.With a limited collection of only 1,000 NFTs and a full allowlist, the AI MetaChip NFT drop has generated significant interest. This ultra-limited collection presents a unique opportunity for players and collectors to seize this historic moment in Web 3 Gaming. Minting goes live tomorrow, June 27th.An exclusive offering also includes an NFT Bundle, consisting of 1 AI MetaChip and 3 MetaGoblins NFTs.Mint AI MetaChip NFTAbout MetaBlazeMetaBlaze combines AI and blockchain technology to craft immersive Web3 experiences through gaming, captivating storytelling, and purpose-driven digital assets.For more updates and news about our MetaBlaze:Official Website | Telegram | Twitter | Instagram | [email protected]
314 days ago • cryptodaily
LBank Labs Maintains Long-Standing Investment in SevenX Ventures, Expanding Ecosystem Partnership
Road Town, British Virgin Islands, June 15th, 2023, ChainwireLBank Labs, the leading venture fund, has disclosed details of its investment in SevenX Ventures, a research-driven venture capital firm in Web3. The two funds aim to provide comprehensive support for blockchain projects and entrepreneurs worldwide, fueling innovation and fostering global collaboration in Web3.With $100 million assets under management (AUM), LBank Labs has a strong track record of nurturing startups and helping them thrive. The venture capitalist arm of LBank, the global cryptocurrency exchange, LBank Labs is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. In addition to direct investments, the fund aims to build a robust network by investing in top global funds, providing financial and resource value-add support to portfolios within the network.Czhang Lin, IC board member of Labs, has personally contributed as a limited partner (LP) to NGC, Blockchain Founders Fund, and Lemniscap. Eric He, Co-Founder of LBank, has been an LP to SevenX Ventures fund I, II, III and FOF from the very beginning, as well as IOSG Ventures.SevenX Ventures, headed by seasoned veterans with an average industry experience of six years, manages three main funds and a Fund of Funds (FOF), totaling approximately $300 million AUM.“SevenX is dedicated to helping our portfolio and partners build a trustless network to make the value of organizations and individuals come true in crypto and Web3,” explained Jon, Founding Partner at SevenX Ventures.SevenX Ventures has already weathered three bull and bear cycles, with a portfolio of nearly 100 projects spanning infrastructure, middleware, DeFi, gaming, and social applications. Notable portfolio companies include Near, Arweave, Zerion, YGG, Mask Network, AI Arena, Space and Time, CyberConnect, Debank, and DODO. Furthermore, SevenX Ventures plays a pivotal role in bridging infrastructures and decentralized applications (dapps) between Western and Eastern markets, making the fund an indispensable partner in Asia.LBank Labs has brought extensive financial resources and a vast global network to SevenX Ventures over the years, while SevenX Ventures has reciprocated by contributing significant value and knowledge to LBank Labs. As part of their commitment, LBank Labs aims to build a comprehensive network of Fund of Funds, enhancing portfolio performance and diversification while emphasizing the inherent value of their ecosystem network. With Labs' presence in seven global regions, they are a powerhouse for fostering collaboration and innovation cross-borders.In addition to its partnership with SevenX Ventures, LBank Labs has recently announced investments in Sparkle Ventures and Collab+Currency, two notable venture funds dedicated to supporting and nurturing projects in the Web3 ecosystem.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]
364 days ago • cryptodaily
Discover a New Web3 Adventure at IVS Crypto 2023 KYOTO, Japan’s Largest Crypto Conference
Kyoto, Japan, April 26th, 2023, ChainwireIVS KYOTO Executive Committee (Headline Japan / IVC, Kyoto Prefecture, Kyoto City, and Kyoto Chiesangyo Sozonomori) will hold IVS Crypto 2023 KYOTO, as the largest crypto conference in Japan, from June 28 (Wed.) to June 30 (Fri.), 2023 at the Kyoto International Exhibition Hall “Miyako Messe” and ROHM Theatre Kyoto. We are pleased to announce the first event content update.As the flagship event of Japan Blockchain Week, IVS Crypto 2023 KYOTO is the ultimate event for Web3 entrepreneurs, investors, developers, media, government officials, and curious enthusiasts alike. Building upon the success of IVS, Japan’s largest startup conference since 2007, this year’s IVS Crypto takes place in Kyoto, a city known for its rich history and global popularity.The CEO of Aptos, Mo Shaikh, will be speaking alongside other blockchain industry experts like Shiozaki Akihisa, who drafted Japan’s "Web3 Whitepaper" as the secretary-general of the web3 project team of the Liberal Democratic Party; Sandy Peng, co-founder of Scroll, a solution utilizing zero-knowledge proofs; Jeremy Allaire, CEO of Circle, the issuer of the stablecoin USDC; Hatogai Junichiro, director of the Bank of Japan's FinTech Center working on a Central Bank Digital Currency (CBDC); Ito Joichi, Co-founder of Digital Garage; Emi Yoshikawa, Vice President of Strategy and Operations at Ripple; and Sota Watanabe, founder of Astar Network.As one of the core events under IVS Crypto, this country’s largest Web3 game platform YGG Japan will hold a Web3 pitch contest called "SHAKE! KYOTO" along with major game companies in Japan. In addition, inside the event, there will also be an arcade center where you can try out the latest blockchain games to be released worldwide.HONEYCON, the Web3 theme park concept that gained a lot of buzz last October will be held this year as an NFT theme park in IVS Crypto, presenting the world's most advanced and enjoyable NFT, and incorporating WEB3 & NFT with entertainment elements for a wide range of people to enjoy. The event will also feature NFTs and 2.5D physical art on exhibit and for sale by some of the best NFT creators in Japan, curated by GASHO2.0.Side events are a part of the crypto culture. Official IVS Crypto side events and special side events with sponsors and speakers will be held at famous Kyoto locations such as Yasaka Shrine, Nijo Castle, and WORLD KYOTO.Following on from last year, Tanukichi (web3honey), an evangelist for the web3 industry, and Web3Girls, an organization that supports and assists women in the web3 industry, will be the official ambassadors of the event. They will promote IVS Crypto 2023 KYOTO both before and during the event.Ripple, the leader in enterprise blockchain and crypto solutions, will be the Diamond Corporate Partner of IVS Crypto 2023 KYOTO, along with other corporate partners such as Oasys, double jump.tokyo, SBI Group, Ginco, and LOLLIPOP, to promote the spread of Web3 together. Additionally, media partners and community partners will cooperate in disseminating the appeal of IVS Crypto and activating the community.IVS Crypto 2023 KYOTO is held concurrently with IVS, one of Japan's largest startup management conferences since 2007. In addition to talk sessions and booth exhibits, you can also watch the IVS LAUNCHPAD, where startups compete by pitching their businesses and where former contestants have created numerous IPOs and M&As.About the IVS KYOTO Executive CommitteeHeadline Japan Co., Ltd. was established in conjunction with Kyoto Prefecture, local government agencies, and industrial support organizations for the purpose of further developing the startup ecosystem and promoting local industry. The program aims to promote the fusion of startups with Kyoto's cluster of companies, universities, research institutions, and cultural resources, leading to the creation of new industries and the emergence of world-class startups.Affiliated Bodies: Headline Japan Co., Ltd. / Infinity Ventures Crypto (IVC), Kyoto Prefecture, Kyoto City, Kyoto Chiesangyo SozonomoriContactItai [email protected]
364 days ago • cryptodaily
Animoca Brands’ subsidiary TinyTap raises US$8.5 million to disrupt education with Web3
Tel Aviv, Israel, April 25th, 2023, ChainwireTinyTap, a subsidiary of Animoca Brands and the leading edtech platform for user-generated educational games, today announced that it has raised US$8.5 million from investors including Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, and others. The funding will be used to support TinyTap’s business expansion and accelerate development in the edtech space.The investment will enable TinyTap to continue to expand its successful Web2 platform, which already serves over 9.2 million registered members, into an alternative Web3 education system that better values teachers by improving the earning opportunities available to them, and enables parents and communities to support and promote their preferred educational materials.TinyTap launched its Web3 strategy in 2022 with two successful auctions of Publisher NFTs, which generated 243 ETH (approximately US$352,000 at times of auction). Publisher NFTs are a new concept introduced by TinyTap to better empower, reward, and incentivize educational content creators and publishers.Each Publisher NFT represents co-publishing rights to one TinyTap Course, which is a curated bundle of educational games made on the TinyTap platform by one teacher in one specific subject. When these NFTs are sold, the proceeds are shared with the Course creators, and the NFT buyers assume the role of co-publishers. In return for promoting and marketing the associated Courses, the buyers share in the benefits generated from co-publishing efforts.Since the TinyTap Publisher NFTs were auctioned in Q4 2022, the average income to NFT buyers resulting from their co-publishing efforts amounted to approximately 8.2% (or 19.7% annualized) of the purchase price of the Publisher NFTs*.The Publisher NFT model is therefore able to simultaneously benefit the creators of educational content, the buyers of the Publisher NFTs, and TinyTap. This frees the creators to focus their efforts on generation of quality content, while TinyTap and the buyers of Publisher NFTs distribute and promote the content.Misa Matsuzaki owns two Publisher NFTs and earned about $7,823 from November 2022 to March 2024 by co-publishing the associated courses. She commented: “TinyTap helps teachers to actualize great ideas into educational content that can be accessed regardless of location – for example, one of the courses I bought was adapted for Japan. I did the first translation and voice over myself with the help of the TinyTap team. I look forward to seeing how Japan will welcome these exciting new possibilities in education! I would like to see more use cases like TinyTap Publisher NFTs, which are so much more interesting than just having NFTs sitting in our wallet!“Yogev Shelly, CEO of TinyTap, commented: “Our Publisher NFTs genesis auctions demonstrated that the Web3 community is well suited and willing to support educators and educational content via this new powerful and equitable incentive system. By pairing educational content creators with interested promoters, we are able to benefit all parties fairly and take a significant step in our goal to put the power of learning back in the hands of educators, students, and the community.”Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Teachers and educators are among the most important content creators and contributors in society, and yet their wages typically do not reflect their critical importance. This is why we’re incredibly excited at the Web3 opportunities that TinyTap is exploring in the field of education. Having already succeeded in building a Web2 education platform, TinyTap is now supercharging its efforts using NFTs, making it possible for educators to better generate equity from their work and link up with co-publishers who can handle the promotion of their courses, all while offering students enhanced learning materials.”Follow TinyTap on Twitter to keep updated on future developments or visit the Web3 landing page to learn more.About TinyTapTinyTap, a subsidiary of Animoca Brands, was founded in 2012 and is the world’s largest educational games library with more than 250,000 activities made by educators and publishers including Sesame Street and Oxford University Press. Games are created using TinyTap’s code-free authoring platform and can be accessed by parents as part of TinyTap’s subscription or sold directly to families as bundles. A portion of subscription revenue is shared with content creators based on the user engagement generated by their content. TinyTap is among the top 10 grossing kids apps worldwide, delivering educational content to families in the US, Canada, Europe, and the Arab world with a focus on young learners (Pre-K to Grade 6), serving 9.2 million registered family members with content created by over 100,000 creators. Learn more at https://www.tinytap.com.About Animoca BrandsAnimoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, Phantom Galaxies, Life Beyond, Crazy Kings, and Crazy Defense Heroes, and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be Media, PIXELYNX, and WePlay Media. Animoca Brands has a growing portfolio of more than 380 Web3 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.Contact: [email protected] [email protected]