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Within GameFi transformation in web3 lies the concept of Decentralized Autonomous Organizations, or DAOs, reforming the developing, playing, and governing of games. Here, every player has a voice that will be heard, decisions that will be made, and a vibrant community. This blog attends to the roles of DAOs in GameFi communities, how players are
Spot On Chain, a data provider, reported a big deal involving 4.5 million MATIC tokens, worth $3.81 million, sent to the SwissBorg crypto exchange. Hermez Network, owned by Polygon, made the transaction. They bought Hermez for $250 million in August 2021. People are curious about this because of concerns about how transparently Polygon Foundation distributes
In the recent Cointelegraph’s Hashing It Out podcast (Episode 43), they explore GameFi’s role in the cryptocurrency world with MITA’s CEO, Kena Amoah. MITA is a groundbreaking project in Africa that blends metaverse, gaming, and Web3 technology. Kena shares insights into how GameFi might lead the charge in the next wave of Web3 adoption. Kena
Binance Labs has recently announced that they have invested in Memecoin (MEME), the native coin of Memeland. Memland’s primary focus is SocialFi and creator economies. Its main goal is to unite creators and communities using the MEME token and NFTs, capitalizing on connecting creators and communities. Before Binance Labs’ investment in MEME, the crypto was
Recently, the crypto market took a nosedive because of some news from Matrixport analysis, raising concerns about the approval of a Bitcoin Spot ETF. This caused many popular alternative cryptocurrencies to retract their steps, but experts think this downturn will likely be short-lived. They predict that several cryptos will bounce back stronger, reviving the enthusiasm
Bitget has announced the listing of Bitcoin Cats (1CAT), which is the GameFi platform for the BTC ecosystem. Bitget is one of the leading cryptocurrency exchanges. The BRC20 Ordinals-based ecosystem is listed in the Bitcoin ecosystem Innovation zone through which users can trade the token on Bitget with the spot Grid Trading going live within
The metaverse developer Improbable sold its gaming venture, The Multiplayer Group, as a part of its venture strategy for 2024. Metaverse technology company Improbable announced in an end-of-the-year statement on Dec. 18 that it had sold its gaming venture, The Multiplayer Group (MPG), to Keywords Studios, a video game industry company, for £76.5 million ($97.1
The GameFi meme coin Wall Street Memes just launched its Casino and Sportsbook, and they’re making some big moves! They’ve introduced hourly buybacks and are all about keeping things transparent with a cool new token dashboard. They’re getting ready for a major price jump! You can hop onto web3.wsmcasino.com to check out their shiny new
Fortune analysts discovered that blockchain gaming faces challenges despite its growth. They highlighted key issues holding back the sector. The global cryptocurrency market is worth about $1.54 trillion. In the next six years, blockchain gaming is expected to become increasingly important. Fortune Business Insights researchers predict that GameFi could reach $614.91 billion by 2030, growing
In a digital world where fortunes are shaped by cryptos, a new contender is coming up, aiming to create crypto millionaires like never before. Picture this as a rising star similar to Shiba Inu’s rapid climb in the digital money world. Shiba Inu, often called the ‘Dogecoin Killer,’ has caught immense attention in the crypto
