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Gaming and NFTs on BNB Chain: A New Frontier The BNB Chain is emerging as a powerhouse for gaming and NFTs, combining fast transactions, low fees, and robust infrastructure to create an ideal ecosystem for blockchain-based gaming. With its scalable architecture, developers can build immersive play-to-earn (P2E) games that integrate non-fungible tokens (NFTs), revolutionizing in-game assets and economies. NFTs on the BNB Chain serve as unique, verifiable digital assets that players can own, trade, or use within games. These include rare characters, weapons, skins, and virtual land. Unlike traditional gaming assets confined to specific platforms, BNB Chain’s NFT assets are interoperable, giving players true ownership and the ability to monetize their achievements across multiple games. Popular gaming projects like Mobox and My DeFi Pet have leveraged BNB Chain’s capabilities to attract millions of users. The chain’s cross-chain compatibility with Ethereum and other blockchains...

Sixteen startups selected from over 1000 applications will present their projects to a global audience. Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups. Selected from over 1000 start up applications, the 16 participants of the second cohort of the Cointelegraph Accelerator program represent a wide array of Web3 verticals, including decentralized finance (DeFi), fintech, wallets, entertainment, social, and GameFi. By joining Cointelegraph’s accelerator program, Web3 startups will get marketing strategy expertise, access to Cointelegraph media products, and mentorship programs with industry experts on key start-up development topics, including token design, fundraising, legal frameworks, liquidity management, security, etc. The participants will also benefit from access to Cointelegraph’s broad network of investors, foundations...

DappRadar, the decentralized app tracking platform, has unveiled data indicating a remarkable influx of $600 million in investments into the blockchain gaming sphere during the third quarter of 2023. In the broader landscape of BLOCKCHAIN gaming ventures, the year 2023 has been nothing short of astonishing, witnessing an astounding $2.3 billion poured into this domain. Remarkably, even in the face of a seemingly bearish crypto market throughout the year, the third quarter alone contributed a substantial $600 million to this flourishing ecosystem. Diving deeper into the quarterly breakdown, DappRadar’s report reveals that the first quarter of 2023 witnessed an impressive $739 million in investments. The momentum continued with the second and third quarters, raking in $973 million and $600 million, respectively. In sum, the blockchain gaming sector has successfully attracted a staggering $2.3 billion in investments during the first three quarters of 2023. Notably, within the t...

Analyst Geoff Kendrick explains his super bullish view on Ether. He expects Ethereum to reclaim its dominance in smart contracts. Kendrick also sees new uses cases as catalyst for price appreciation. Ether has been in a downtrend over the past three months but a Standard Chartered analyst remains super bullish on the cryptocurrency. The bull case for Ether Geoff Kendrick expects Ether to hit $8,000 by the end of 2026 that translates to a whopping 5x growth in about three years. The analyst is convinced that Ethereum will reclaim its dominance in smart contracts. New use cases, he added in a research note this morning, will also help drive its price up moving forward. Layer 2 scaling solutions … are likely to grow in importance over time. This should help in … increasing its [EHT’s] P/E ratio over the next couple of years. Earlier this month, Grayscale filed with the Securities & Exchange Commission to convert its Ethereum trust ...

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3. Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our work and communications that we have, Saudi [Arabia] is very, very interested in Web3,” Animoca Brands co-founder Yat Siu told Cointelegraph. Given the kingdom’s partnerships with entities such as The Sandbox and even Animoca, Siu sees that there’s an effort from Saudi to venture into the new iteration of the internet. The executive...

An independent Web3 gaming company led by industry veterans will launch their first game next year — and they're bullish on the benefits that blockchain will bring. An independent Web3 gaming company has unveiled its very first project — and is vowing to offer an immersive, powerful experience for players. Digital Insight Games says its debut title will be known as Cloud Castles. It's scheduled to be released in 2023 — and promises to blend beloved elements from role-playing games with cutting-edge real-time strategy and tactics. In lush battlegrounds rendered in stunning detail using the latest technology, including Unreal Engine 5, Cloud Castles will give gamers the chance to collect and evolve fantasy creatures, and deploy them in fast-paced battles. Of course, a key tenet of Web3 is the ownership of in -game assets — and for this reason, Blockchain Technology will be used so players have full control of everything they acquire, collect, modify, build and achieve. An exci...

Singapore government-backed investor Temasek is known for crypto-related investments but is yet to do its first direct investment in crypto. Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek. Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian dollars, or about $3, the new round values Animoca similarly to its previous funding round , the firm said. The notes round included new investors like Temasek, the private equity firm Boyu Capital and the global venture capital firm GGV Capital. These companies have established a strategic consortium of new investors, aiming to provide advice to the company as it continues to grow and build its organizational structure. Temasek, Boyu and GGV are now expe...

As part of the deal, Square Enix will develop games on Oasys’ PoS network, joining the likes of Sega, Double Jump, Bandai Namco and Ubisoft. Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise, has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been met with criticism from some crypto- and NFT-hating members of the gaming community, irritated that the firm is continuing to double down its focus on blockchain tech. In a Monday announcement, Oasys revealed that Square Enix had jumped on board to be the project’s 21st node validator, taking up the final slot of initial validators. Moving forward, the duo will also team up to develop new games on Oasys’ EVM compatible proof-of-stake (PoS) blockchain, which hopes to become a hub for Triple-A quality games with play-to-earn (P2E) integrations. Square Enix joins a host of big names in gaming to partner with O...

AC Milan partners with Solana blockchain-based football game MonkeyLeague, while Pixelmon attempts a comeback after poor reception to its NFT collection in February. American retail giant Walmart has taken its first steps into the Metaverse with the launch of Walmart Land and Walmart's Universe of Play on Roblox. According to the company's Monday announcement, Walmart Land focuses on "immersive experiences" with key Features including a physics-defying Ferris wheel, unlockable tokens and badges, an interactive piano walkway and a D.J. booth for users. See Walmart like never before Walmart Land is our new world on #ROBLOX with fun & games for all. From film to fashion — whatever you’re into, let’s have some fun with it. Come for the inspo, stay for the verch & live performances. Let’s go! https://t.co/leZ4CITCjN pic.twitter.com/4r26MHHk5i — Walmart (@Walmart) September 26, 2022 Products from Lottie London, Bubble, UOMA by Sharon C and other brands will als...

Swiss bank Credit Suisse has partnered with the Swiss Football Association to release NFTs in support of women’s soccer in the country. In this week’s newsletter, read about how stolen nonfungible tokens (NFTs) are sold within three hours after being pinched, and check out AzukiDAO’s plans to take back $39 million worth of Ether (ETH) from the founder of the Azuki NFT collection. In other news, investors in Logan Paul’s NFT gaming project CryptoZoo are still waiting for promised refunds from the YouTuber, and don’t forget this week’s Nifty News, featuring blue-chip NFT collections dropping in prices and Swiss bank Credit Suisse releasing NFTs to support women’s soccer.  Half of stolen NFTs are sold within 3 hours: PeckShield A report published by security company PeckShield highlighted that half of all stolen NFTs are sold within 160 minutes on platforms like OpenSea and Blur. According to the security firm, 86% of the stolen NFTs they flagged were sold on Blur, while around 13% w...