Polium, a company that markets itself as “building the products and infrastructure for Web3 gaming,” has said it's launching a gaming console that will support multiple blockchains and nonfungible tokens (NFTs). The “Polium One” console announced on Monday is slated for an initial Q3 2024 release and will support the Ethereum, Solana, Polygon, BNB Chain, ImmutableX, Harmony, EOS and WAX blockchains. We are introducing the Polium One, A multi-chain console for Web 3 Gaming. #Web3OnConsole pic.twitter.com/tkRaP2O13A — Polium (@Polium__) July 2, 2022 Currently, the only specifications listed for the console are that it will support a 4K Ultra HD resolution …

A video released by investigative YouTuber Philip Rusnack, known as Philion, has revived the debate over whether Yuga Labs’ flagship Bored Ape Yacht Club (BAYC) nonfungible token (NFT) collection employs racist imagery and white supremacist esotericism. In the hour-long video released Monday on YouTube, Rusnack laid out his case, claiming that BAYC is “one massive alt-right inside joke” using language, symbols and memes from the anonymous image board website 4chan. He alleged the NFT images featured racist caricatures of Black and Asian people and drew comparisons between the symbology and language used by Yuga Labs and the BAYC with that …

Noah Davis, the nonfungible token (NFT) specialist at auction house Christie’s, has said he’s leaving the position in July to take up a post as brand lead for the CryptoPunks NFT collection with Yuga Labs. Announcing the move on Sunday in a Twitter thread, Davis looked to quash any anxieties holders had regarding the future of one of the oldest NFT projects, saying he “will not f*ck with the punks.” What does that mean? It means no Punks on lunchboxes or cringe TV shows/shitty movies. It means no arbitrary rushed utility or thoughtless airdrops. It means if you love your …

Major toy brand Mattel has signed a multi-year partnership with forthcoming toy-focused nonfungible token (NFT) marketplace Cryptoys to exclusively feature its brands on the platform. Cryptoys is expected to launch in late summer 2022 on the Flow blockchain and is the flagship product of OnChain Studios, which has received funding from crypto-interested venture capital firms such as Andreessen Horowitz (a16z) and Dapper Labs. OnChain Studios also plans to make a Cryptoys metaverse and other play-to-earn games where Mattel’s intellectual property — including Barbie, Hot Wheels and Masters of the Universe, among many others — will be made into playable avatars. …

Nonfungible tokens (NFTs) experienced a record-breaking year throughout 2021 in which sales volumes surpassed $14 billion, avatar collectibles permeated the mainstream market to become cultural status symbols, and avant-garde utility sparked innovative Web3 opportunities for a panoply of industries. Despite a retracement in financial and emotional fortunes in the opening quarter of 2022, expectations within the NFT community are reigniting for the impending schedule of calendar events such as the launch of Coinbase’s public NFT platform, and the potential for OpenSea and MetaMask tokens. In an exclusive interview with Jordan Fried, the CEO of Immutable Holdings and Founder of NFT.com, …

Recent weeks saw a massive surge of the so-called privacy coins’ prices — namely Monero (XMR), Dash (DASH), Zcash (ZEC) and Haven Protocol (XHV). As many other cryptocurrencies and the industry at large faced immense regulatory pressure amid the war in Ukraine, one narrative that began taking hold in the crypto space was the potential of such privacy-enhancing assets to provide investors a greater level of financial anonymity. But, can privacy coins deliver on Bitcoin’s (BTC) original promise? A good month for privacy-focused assets Over the past month, Monero has almost doubled its tally. With some minor oscillations, it rose …

The founder of NeoNexus, a Solana-based NFT project, has stated the team is no longer developing the project, blaming the drop in Solana (SOL) prices for the decision. The project's founder, Jack Shi, took to the official Twitter account for NeoNexus, tweeting at 2 pm UTC on March 21 that it was no longer continuing the “healthy development” of the project, adding they would like to hand it over for the community to develop. It is with a heavy heart that we must inform you that we can no longer continue healthy development of the NEONEXUS project. We would like …

Bitcoin (BTC) price remains relatively unchanged on the 24-hour chart, down 0.56% and trading around $33,200 at the time of writing. The overall cryptocurrency market traded flat on July 2 with the approach of the Fourth of July holiday weekend in the United States. The lackluster trading volume coincided with a slight decline in the total cryptocurrency market capitalization by $5 billion to its current value of $1.378 trillion. Despite the struggles faced by the market as a whole, data from Cointelegraph Markets Pro has identified bullish developments in Axie Infinity (AXS) and Waves (WAVES) thanks to recent developments related …

OVRLand is having a virtual party on May 30 to celebrate the sixth-month anniversary of the earth-size augmented reality metaverse’s launch, and they’ll be lighting a million-dollar bonfire to celebrate. A 1.6-trillion hexagon digital overlay of the earth’s surface, OVRLand is a shared augmented reality where anyone can buy a plot of “land” to host any kind of digital content they want, from 3D art and games to buildings and pretty much anything they can dream up. The highlight of the OVRLand project will be a live “burn” of one million OVR Tokens worth about $1,000,000 at this writing. The …