Nobody can be sure where the country’s antagonism to crypto originated or why it still persists even after the nonfungible token (NFT) and crypto “boom” of 2021, which took off in a major global way and prompted officials in the United States and Europe to backtrack on their initial antipathy for the space, finally opening up to regulations. The White House just released its first crypto regulatory framework in September 2022, and the European Parliament Committee followed up in October 2022 by approving the Markets in Crypto-Assets framework, also known as MiCA, with a landslide vote. As the first European …

Awash in a seemingly endless stream of bad news, the public’s appetite for that which is not of this world has increased. Perhaps nowhere is this more evident than in the explosion of the metaverse movement. From huge concerts and virtual real estate rushes to the rapidly expanding GameFi sphere, digital reality is now where it’s at. But is the metaverse something that should be experienced in a primarily passive way? Most metaverse platforms have ways for users to share content and artwork, and there are even decentralized autonomous organization-governed Web3 games allowing players to participate in important decisions. But …

It's been a seismic couple of years for the gaming industry. NFTs are playing an increasingly bigger role in new titles as studios experiment with blockchain technology. But this isn't an innovation that has been met without controversy. Here, Catheon Gaming's head of business development Philippe Ho tells us about the biggest obstacles standing in the way of wider adoption — and why careful consideration is required before digital assets are integrated into games. 1. Hello! Tell us about Catheon Gaming. Catheon Gaming is one of the fastest-growing blockchain gaming and entertainment ecosystems. We are a fully end-to-end platform that …

GameFi is one of the hottest buzzwords in crypto right now — but winning over players has proven to be a bit challenging. Today, most GameFi projects use the play-to-earn (P2E) model, which focuses primarily on earnings and doesn't pay attention to what matters most: fun features that attract and retain gamers. Some projects have been criticized for offering low-quality gameplay, punctuated by janky graphics and difficult-to-understand controls. But this project says it has the answers — and has the potential to deliver an immersive product that the crypto community has been waiting for. Artyfact is the first Web3 gaming …

In this week’s newsletter, read about how Animoca Brands co-founder Yat Siu believes that nonfungible token (NFT) games are only at the tip of the iceberg in terms of potential. Check out how an executive at Kraken highlighted that NFTs will be as disruptive as Bitcoin (BTC) and how a museum in Ukraine is preserving the country’s cultural heritage through NFTs. In other news, find out how an industry executive claimed that brands have a lot of responsibility in terms of protecting their NFT investors against fraud. Last but not least, British actor Anthony Hopkins sold out his NFT collection …

There is no substitute for experience. Even when an experience can feel regrettable, like getting your brother’s Runescape account banned. Robbie Ferguson grew up as an avid gamer, accumulating thousands of hours playing his favorite games. One fateful day, he logged into Runescape and set in motion a series of events that would forever change his view on digital ownership and the world of Web3 gaming: “I logged into my brother’s Runescape account which we shared and went into the wilderness and lost all his Red Dragon Armor. The next day, I felt so bad, I went and bought gold …

Canadian Web3 infrastructure company ChainSafe has closed an $18.75 million funding round that was backed by prominent industry venture firms, putting the company on track to expand operations at a time when demand for blockchain infrastructure and gaming services was on the rise. The Series A round was led by venture firm Round13 with additional participation from NGC Ventures, HashKey Capital, Sfermion, Jsquare, ConsenSys, Digital Finance Group and Fenbushi Capital. ChainSafe said the funding would go toward supporting the growth and adoption of Web3 technology. ChainSafe’s founding team met at an Ethereum meetup in Toronto in 2017. Later that year, …

Over the past couple of years, games that use blockchain technology have increased their presence in the gaming industry. While there were early examples like CryptoKitties — launched in 2017 — the trend has truly gained steam, with major gaming studios even exploring the technology. At the beginning of 2022, the market capitalization of blockchain games was around $25 billion and it doesn’t seem to be decreasing anytime soon, even in the depths of a bear market. According to the analytical service DappRadar, the two most stable areas this year in the cryptocurrency market are blockchain games and nonfungible tokens …

Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what's possible and predicts completely new models of gaming will be developed as a result of digital ownership. Speaking to Cointelegraph, Siu likened the potential growth of NFT gaming to mobile phone gaming, which started out relatively niche and clunky in its formative stages before rocketing to become the most popular method of gaming across the globe. “Mobile gaming brought a form factor of a type of game that we've never seen before, you know, one-hand play and that kind of stuff, and innovations …

Japanese gaming giant Konami is seeking to expand its crypto-versed talent pool while it ey the development of Web3 and Metaverse “experiences” and a nonfungible token (NFT) marketplace. The gaming giant is the latest in a lengthening list of big names signaling interest in expanding its Web3 offerings by seeking to acquire new talent. On Oct. 13, the company announced that it was recruiting a “wide range of talent” for "system construction and service development" relating to future Metaverse and Web3 platforms. Konami stated that it has been conducting research and development to incorporate the “latest technology” into its games …

Non-fungible token (NFT) trading volumes may have dropped nearly 98% since January, but several industry executives tell Cointelegraph it's nothing to fear as the technology continues to develop and mature. Jonathon Miller, managing director of cryptocurrency exchange Kraken in Australia said “despite NFT market activity and sales volume having slowed down in September, we are still seeing positive adoption signals at an institutional level and continued growth in use cases.” He told Cointelegraph that the company remains “bullish on the NFT space” and believes it will be “just as disruptive and innovative as Bitcoin was 10 years ago," and said …

The beta version of a much-anticipated NFT game is about to be released. SolChicks has the ambition of becoming the best play-and-earn RPG ecosystem on the Solana blockchain, with gamers using adorable chicks as their characters in an immersive gaming metaverse. Initially, the beta version will only be accessible to those who already hold SolChicks NFTs — and the game will be available on Android devices and PCs. The closed beta service will be launched on 15 October at 12pm UTC, and you can find out how to register here. A dramatic tweet that shows a SolChick in black and …