NFTs (nonfungible tokens) have opened a great debate. On one side, skeptics believe NFTs are nothing more than JPEGs riding out their short-lived hype. On the other side, people believe NFTs are the next big thing, positioned to take over the digital space as we know it. So, which opinion is the correct one? Consider a parallel to the beginnings of the internet, when many industry analysts quickly dismissed the rising tech companies. As history would have it, these very objectors were proven wrong when companies like Amazon revolutionized the world of e-commerce. Consequently, the only thing missing was a …

FTX founder and CEO Sam Bankman-Fried rounded off 2021 on an optimistic note. SBF waxed lyrical about the crypto market’s state in 2021 while revealing the roadmap for FTX in 2022 in a Twitter flood. In his view, there are three keystones to industry progress in 2022: regulation, scaling, and transaction speeds. He proposes solutions to each puzzle piece, referencing his exchange's involvement. On regulation, SBF states stablecoins could be better reported and audited. In line with FTX stablecoin policies, he says more transparency would solve “80% of the problems while allowing stablecoins to thrive onshore.” Meanwhile, better markets oversight …

2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin (BTC) price established a new all-time high of $68,789. In the same timeframe, Ether (ETH) went on a parabolic rally which saw its price gain 565% from Jan. 1 to hit a record high at $4,859 on Nov. 10. While it was a banner year for large cap cryptocurrencies, some of the biggest gains and most impactful developments came from the altcoin market where decentralized finance (DeFi) and nonfungible tokens (NFTs) rallied by thousands of percent and helped to usher …

PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of LAND in the popular world The Sandbox. Though the cost of its LAND asset was undisclosed, it was noted that PwC Hong Kong intends to construct a Web 3.0 advisory hub to facilitate a new generation of professional services, including accounting and taxation. The global organization PwC, headquartered in London, U.K., documented revenues of $45 billion from June 2020 to June 2021, up 2% from the previous year. William Gee, a partner at PwC Hong Kong, …

Earlier this year, gaming giant Ubisoft joined the aleph.im network as a core channel node operator after the blockchain-based storage and computing startup became a part of Ubisoft’s Entrepreneurs Lab. On Tuesday, aleph.im announced that it will offer a decentralized storage solution for Ubisoft Quartz in order to further incorporate nonfungible tokens (NFTs) into Ubisoft’s AAA games. https://t.co/oTzJGUOcyw partners with Ubisoft to bring playable NFTs to AAA games for the first time!!! Read all about how we did it here https://t.co/JiFlATvFcX#aaa #games #decentralized #storage #computing pic.twitter.com/eytP8etvyI — Aleph.im Network (@aleph_im) December 21, 2021 Players will be able to acquire dynamic …

Blockchain gaming continues to grow and dominate the nonfungible token space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted in the report. It showed that virtual land sales reached $42.6 million while the total market capitalization for virtual world decentralized apps reached an all-time high of $4.6 billion at the end of November. Additionally, the report mentioned that there …

TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games. While commenting on the new partnership, Avocado Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avocado Guild "to enrich our scholars' lives by allowing them to exchange the tokens for internet access." The …

What is this new metaverse and NFT experience? With all the fuzz around the metaverse and NFTs, a cyberpunk playground is currently just around the corner. Nonfungible tokens (NFTs) are coming up in all shapes and sizes, and the next project under review here offers some interesting positives. This is Cyber Galz which is a gynoid NFT content platform for cyberpunk and sci-fi enthusiasts. The project aims to create a metaverse playground that community members enjoy the pleasure of owning its NFTs and cultivating Galz’ content with social experiences. The so-called Erst generation of Cyber Galz NFTs comprises 9,999 digital …

The metaverse continues to gain a foothold in our lives, particularly ownership of digital land. Now, there's hardly a section of our existence that it hasn't touched. The current rave is gaming that incorporates nonfungible tokens (NFTs) and play-to-earn (P2E) models. And from the looks of it, it isn't going away any time soon. Early adopters of the technology have found it a viable income-generating opportunity. That's the reason why projects in this space are jostling for market share. The adult gaming sector has caught on too. The growing number of R-rated blockchain games entering the market confirms this reality. …

While decentralized finance (DeFi) is on the up, a specific sector within seems to be making more noise than most. That section is GameFi, and everyone wants in. At its core, GameFi is a space where players earn from playing their favorite games. They acquire characters in the form of nonfungible tokens (NFTs) and develop those NFTs through gameplay, only to sell them later on for profit. It’s a natural evolution of the current gaming industry, and developers are eager to capitalize on it. aelf is a project looking to help. The GameFi hackathon aelf is a decentralized cloud computing …

Toy company MGA entertainment announced Tuesday that the first NFT-based cards for the L.O.L. Surprise trading card game are now available for purchase. The company entered into a partnership with digital asset consultancy firm Ioconic in September, and now hopes that the $25 billion L.O.L. Surprise brand will succeed in ushering its young fans into the NFT ecosystem. 10 million physical packs of the card game, containing 50 million individual cards, are to be delivered to global retailers before the end of the year, according to the announcement. L.O.L. Surprise collectors will receive a QR code that can be scanned …

The gaming sector appears to be ablaze with activity, especially with new NFT-based projects coming up almost on a daily basis. This new platform claims to be the world’s first play-to-earn “hypercasual” gaming platform that offers crypto rewards. WAM is already a working product available for testing. The project has also attracted an experienced team of investors who are well-versed in the gaming and blockchain sectors behind the project. In terms of future development, WAM users will be able to create their own games with AI-assisted technology using their phones. WAM NFT owners will also gain access to some highly …