JPMorgan, a major American financial institution, has released a report depicting the resurgence within the decentralized finance (DeFi) and NFT sectors. The report ascribes this revival to heightened sentiments in crypto markets, primarily driven by the expectations of a US Bitcoin ETF. Signals of Resurgance While the report acknowledges a revival in DeFi and NFT markets, it says that these signals are still only ‘tentative’ signs of a resurgence. The authors also explain that the natural recovery in DeFi coincides with the increased activity in decentralized exchanges (DEXs). DEXs are gainin ..read more

Roblox players can now experience KINGSHIP, a unique metaverse supergroup formed by Bored-and-Mutant Ape NFTs, managed under the 10:22PM label, a Web3 division of Universal Music Group. The group has announced the launch of KINGSHIP Islands, an engaging Roblox experience where players embark on a quest and get the opportunity to unlock free in-game items and avatar emotes. A Quest in the KINGSHIP Islands KINGSHIP Islands aims to unite the four band members in a destination named the “Floating Villa.” Players can earn reward accessories and emotes for their avatars by completing the quest. For ..read more

Horizon Blockchain Games, backed by leading video game company Ubisoft, has launched Sequence Builder. This new development platform, enabling simplified cryptocurrency and NFT integration into video games, is hitting the market after a successful raise of $40 million.. Sequence Builder Sequence Builder is an innovative development platform that facilitates the integration of blockchain elements, such as NFTs, into video games. Horizon, the company behind Sequence Builder, is known for creating Skyweaver. They focus on middleware infrastructure that supports blockchain applications. Sequence B ..read more

Magic Eden has recently announced its integration into Honeyland, a mobile blockchain strategy game. This union aims to refine the web3 gaming experience, making it more enjoyable and hassle-free for players. Interesting to note is that the Magic Eden marketplace is directly embedded into Honeyland, facilitating accessibility on both iOS and Android platforms. Trading In-Game Digital Assets Leading the industry forward, Honeyland permits players to trade in-game digital assets as NFTs using its native currency, HXD. This provision allows players to own and manage their digital assets directly ..read more

Building bridges between disparate worlds often leads to innovative breakthroughs. For instance, the merge between cryptography and the principles of sound money enabled Satoshi Nakamoto to engineer Bitcoin as the world’s first cryptocurrency. In like manner, the NFT space bridged the gap between digital art and blockchain technology, creating a unique platform for artists and collectors to thrive. And Crypto Homosapiens (CHS) is all about – using NFTs with a powerful narrative to spark interest in NFT art trading among the masses. Here are a few ways CHS is simplifying NFT art and investment ..read more

Prominent esports organization Team Liquid has announced an exciting collaboration with the NFT game Illuvium, which is currently in early access. This partnership marks a significant step in bridging the worlds of esports and blockchain gaming, highlighting the increasing adoption of new technologies in the global gaming industry. Team Liquid’s Involvement in Illuvium’s PVP Development As part of the collaboration, Team Liquid will be heavily involved in testing and advising on the player-vs-player (PVP) aspect of Illuvium, specifically focusing on the game’s turn-based creature autobattler e ..read more

Frank DeGods recently announced the termination of the points system across y00ts and DeGods. The discontinuation is rooted in recognizing that the system is not viable for supporting future developments in a constantly evolving digital landscape. The Points Parlor Initiative According to the announcement, the Points Parlor initiative envisioned to award value through sponsorships, needed to be revised. Its fundamental shortcoming lay in its dependence on a luck-based reward system, which brewed dissatisfaction among the community members. Despite the termination of Points Parlor, Frank DeGods ..read more

10101.art has unveiled a distinctive Banksy art sale, where each NFT is uniquely linked to an actual piece of Banksy’s artwork. This approach aims to set a new standard in integrating digital and physical art forms, diverging from past practices of digital-only Banksy representations on the blockchain. Banksy’s Rising Popularity and the NFT Market Boom Banksy’s artwork has earned widespread acclaim for its provocative, politically charged themes, as well as its strong performance in the art market. In June 2021, the average annual sold price for Banksy prints reached £64,794, showing the high ..read more

The European Union (EU) plans to take a more proactive approach to developing virtual worlds. The objective is to support EU businesses and reduce reliance on tech resources outside the EU. This strategic plan aims to bring the concept of a ‘Metaverse‘ into Europe’s digital future. EU’s Approach to Virtual Worlds The European Union (EU) is emphasizing the development of, what they call, “Web 4.0” and virtual worlds that leverage 3D and extended reality (XR) technologies to create immersive environments. Members of the European Parliament (MEPs) have requested the Commission to review the exist ..read more

Dubai-initiated NFT and web3-centric start-up Caffeine And Women or CAW Movement adds another feather in its cap with the upcoming launch of MoCA (Museum of CAW Art) in the metaverse to honor emerging artists in UAE, GCC and other countries. It is also inviting all art lovers, NFT enthusiasts or web3 builders to be part of this unique, immersive opening on 6 December 2023 at 7.00pm UAE time by joining in its invite list here. Founded in 2022, the CAW Movement (CAWMVMT) supports women artists by empowering and helping them turn their art into NFTs and giving it visibility in the web3 space. Thr ..read more