Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols, like Uniswap and dYdX, that rewarded their early adopters with token drops that are now worth $30,000 to $2 million. The latest protocol to surprise its userbase with a wallet fattening airdrop was Axie Infinity (AXS), a blockchain-based battle game that has risen in prominence over the course of 2021 as users embrace its play-to-earn (P2E) gaming model. Data from Cointelegraph Markets Pro and TradingView shows that since bounding off a low of …

Bullish sentiment returned to the cryptocurrency ecosystem on Oct. 1 after a 10% spike in the price of Bitcoin (BTC) lifted it above the $47,500 level and resulted in the liquidation of more than $270 million in short positions. The altcoin market quickly followed suit with a majority of the tokens in the top 200 registering double-digit gains for the day. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Oasis Network’s ROSE token, Axie Infinity Shards (AXS) and Icon’s ICX token. The allure of privacy draws traders to Oasis Network …

A crypto project is vowing to transform the gaming landscape with the help of a brand-new consensus mechanism. Ulti Arena says that proof-of-gaming means that players can earn rewards as they rack up experience on a range of immersive titles. The startup is building a dedicated game client that provides in-depth analytics on a player’s movement, speed and reaction times — enabling them to build on their skills. Better still, Ulti Arena says that it will support some of the most popular games in the industry right now, including Dota 2 and LOL. Its ecosystem is boosted further by an …

Eagle eyed denizens of Crypto Twitter have spotted a mistake in the NFT of the web’s source code famously auctioned at Sotheby’s this week. The auction of “This Changed Everything” on June 30 with a $5.4 million sale and was offered by its inventor, Sir Tim Berners-Lee. The NFT dubbed consists of four elements: the original source code, an animated visualization of the code, a letter written by Sir Tim reflecting on his creation, and a digital poster of the full code. Despite the sale having a direct connection to Sir Tim, whoever it was that converted the original text …

The community behind Guild of Guardians, an NFT-based role-playing game, appears to be enthusiastic about the forthcoming title after they snatched up nearly all of the NFTs that were part of the so-called founder’s sale. Since going live earlier this week, Guild of Guardians’ NFT sale has raised over $3 million, the company announced Wednesday. The title raised $2 million in the first hour of the founder’s sale and $2.8 million in the span of 24 hours. The sale featured a collection of playable in-game NFTs ranging from $200 to $100,000 in value. The NFTs will become playable once Guild …

Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus unveiled the drop of Doge-based NFTs dubbed “Capped Dogecoin” which he described as “Much cap, very deflation, many tokenomics. Many Available.” Capped Dogecoin - Much cap, very deflation, many tokenomics. Many available! - Tier 1 is available on Rariable, 420 issued: https://t.co/00wSCeciCB - Tier 2 is also on Rariable, 3 issued (already sold out) - Tier 3 is up for auction on @withFND, …

An Axie Infinity player from the Philippines bought two houses with his earnings from the popular crypto-powered play-to-earn game. Earlier this month, 22-year-old John Aaron Ramos, who plays under the pseudonym “Magnus TV,” took to social media to announce that he had purchased two houses in the Philippines from profits earned playing Axie Infinity. In the post, Ramos attributes the purchases to the surging price of Axie’s in-game token Smooth Love Potion (SLP), which rallied 940% from $0.035 on April 24 to more than $0.364 on May 2. SLP has since retraced 45% and last changed hands for roughly $0.20. …

An IT security researcher has been able to adapt Nintendo’s first major handheld game console to mine cryptocurrency. According to a recent YouTube video, user Stacksmashing used the hardware from a Nintendo Game Boy first released in 1989 as a starting point to mine Bitcoin (BTC). Because the gaming console has no built-in wireless capabilities — and largely predates the internet — the YouTuber said he used a Raspberry Pi microcontroller board attached to the Game Boy’s link port and a USB flash card to establish a connection to a BTC node run from his computer. "My goal was to …

In a Sept. 4 filing in Fornite creator Epic Games’ antitrust lawsuit against Google, the gaming firm has accused the omnipresent tech giant of violating its founding “don’t be evil” dictum and actively uses its market power to overcharge app developers. The core issue of the current case is that, earlier in August, Epic Games announced direct payments on mobile versions of Fortnite on Android and iOS. The payments would give customers a 20% discount on the app’s native V-Bucks — by circumventing the 30% fees that both Apple and Google charge for those payments. The next day, both Apple …