The blockchain and cryptocurrency rave is not ending anytime soon. And as more people are being introduced to revolutionary technologies in the digital space, new improvements upon these technologies are also being introduced. In the last couple of years, the DeFi and NFT industries have experienced immense levels of growth and, currently, metaverses and Web3 are the technologies making the digital space light up. It is not yet clear where these disruptive technologies will lead us, but we are sure that there will be much value up for grabs. At the convergence of Web3 and NFTs lie many platforms looking …

ourtesy of Kat Taylor Cattytay, digital fashion appeared in 2017. However, we began to talk loudly about it only in 2020. It all began five years ago when Kat first made an Instagram post with the caption “Virtual Clothing!!!” Then, there was a collaboration with Adidas, Off-White, Vetements and Balenciaga. These brands were interested in introducing fashion digitalization even before it blew up in the mass media discourse. Note that the COVID-19 pandemic had yet to happen and people were not stuck at home. Thus, there was no need for digital clothing at all. Nevertheless, it happened and fashion digitalization …

Crypto markets are taking a beating but there are still a few standout performers even during this week's volatility. One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens. Data from Cointelegraph Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE). Voxie Tactics launches its marketplace VOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing game that combines the classic look of the popular tactical games of the 1990s and 2000s with modern game mechanics. …

An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worth roughly $488,800 (at the time of writing, considerably more when it occurred) on gas fees to mint 1,000 Tubby Cats NFTs. In total, the Tubby Cats enthusiast clearly had some capital to burn as they spent more than $720,000 on minting the NFTs including gas fees, according to the Etherscan transaction history. Following the mint of 1000 NFTs, and with Tubby Cats invading Nifty Twitter timelines, it appears that the community has turned the occurrence into a meme, as various figures have claimed to be Tubby Cat whales in …

In the past, earning money through games was only possible by uploading gaming videos online, streaming game content and playing competitively through esports. But in 2021, many realized that through blockchain, gamers can earn money simply by playing. This trend may continue in 2022 as play-to-earn (P2E) business models become more developed and blockchain adoption in esports becomes more mainstream. In a report published by gaming insight company Newzoo, the firm predicts that P2E models will become more viable in 2022 as gaming companies try to adopt blockchain. “Publishers might use blockchain technology to facilitate more secure and legitimized player-to-player …

Nonfungible tokens (NFTs) and play-to-earn games are widely perceived as the future of the gaming industry as they grow in popularity worldwide. Success stories such as Axie Infinity demonstrate that play-to-earn (P2E) products could easily find a solid player base if the product is well-refined. P2E games provide an opportunity for players to gain in-game digital assets by completing daily quests, defeating monsters and battling with other players. The digital rewards that they get have real-life monetary value and can be sold on crypto exchanges. Traditional games use loot boxes as a major source of revenue, giving gamers access to …

The cryptocurrency market has had a less than stellar start to the year and it appears that the downtrend that began after the November 2021 market peak has been extended thanks to a multitude of negative developments, including the expectation of rising interest rates and the threat of a war between Russia and Ukraine. While many traders have little appetite to risk capital during bearish conditions, contrarian investors looking to buy while “there is blood on the streets” have several viable options with data from Cointelegraph Markets Pro indicating that Bluzelle, a decentralized storage network for the creator economy, is …

NFTs, the metaverse, and digital ownership. These Web 3.0 terms have broken their way into mainstream consciousness. As a result, we’re seeing projects and ideas in the blockchain space looking to change the way things work. Industries like music, art and gaming are key industries experiencing a change, with gaming specifically receiving a lot of attention via a new monetization mechanism: play-to-earn (P2E). P2E promises gamers a way to earn from their in-game activities through nonfungible tokens (NFTs). Traditional games have users playing a game for hundreds of hours, having nothing to show for it when they eventually move on. …

FTX.US, the American arm of the global crypto derivative and spot exchange FTX, seems to be launching a new blockchain gaming unit. As per a job posting by the crypto exchange, the firm is looking for software developers for its upcoming blockchain and gaming unit. The new gaming unit will be focused on bringing more gaming developers to the blockchain-based gaming ecosystem that incentivizes players via crypto tokens and nonfungible tokens. The job posting revealed that the exchange is looking for software engineers with robust knowledge of the C# programming language and the Unity gaming engine. FTX didn’t respond to …

Nonfungible tokens have largely been acquired as proof-of-profile pictures (PFPs) that represent a brand, embody culture or ultimately, reflect as a static status symbol. Blue-chip NFTs like Bored Ape Yacht Club or Cool Cats were not originally backed by any tangible utility other than speculative value and hype, along with the promise of an illustrative roadmap, but in 2022, investors are looking for a little bit “more.” However, nonfungible tokens are finding their use beyond branding and status symbols by attempting to build out an existence in the Metaverse and some are ambitious enough to start within it. Altered State …

Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first NFT game this year, Zynga’s blockchain gaming aspirations are taking shape. Matt Wolf, the marketing veteran with experience at EA and SEGA, is the new vice president of blockchain gaming for Zynga. He’s setting up the new team, bringing a wealth of “traditional gaming” experience to play-to-earn (P2E). In an interview with Cointelegraph, he said the talent pool in P2E gaming is: “Off the charts in terms of economics and traditional finance firepower; incredible people. Also, on the innovation side and on the …

The team behind the new gaming-focused proof-of-stake blockchain Oasys say that it’s been designed to increase mainstream play-to-earn (P2E) adoption. The Singapore-based firm (Oasys PTE. LTD) behind the new chain touts its scalability, eco-friendly PoS blockchain, “zero gas fee experience” and the portability of digital assets between different projects built on the blockchain as key drawcards for developers and users. The founding team includes a host of names from top crypto and gaming firms including Bandai Namco Research president and CEO Hajime Nakatani, Sega Corporation co-COO Shuji Utsumi, double.jump.tokyo CEO Hironobu Ueno, Thirdverse CEO Hironao Kunimitsu and Yield Guild Games …