As the GameFi space continues its journey to attract gamers to a new gaming paradigm, community members shared their takes on what they think a mature GameFi project needs to succeed. From creating e-sports competitions with huge prize pools to making the game tokens more relevant for the token holders, GameFi community members shared their takes on what the space needs. One Reddit user suggested that GameFi projects need to appeal to several target audiences. This includes whales who will provide funding, earners who are mostly kids and people from developing countries and those who play for fun that will …

Over the last year the crypto, and greater Web3 industry has seen a rollercoaster of loss, growth and innovation - and the data shows. In the latest industry report from cryptocurrency exchange Huobi, "Global Crypto Industry Overview and Trends", trends and stats were pulled from the industry on everything from nonfungible tokens (NFTs) and the metaverse, to centralized exchange (CEX) usage and regulations. Despite the turmoil of major events like the FTX collapse, LUNA’s implosion, and 3AC bankruptcy, the industry still accounted for approximately 320 million crypto users worldwide in the last year. While the total amount of investment and …

Former president and crypto hater Donald Trump’s bizarre NFT collectible project has left the community baffled. Even conservatives and avid MAGA supporters are scratching their heads, while analyst Eric Wall likened the project to a “SimpDAO.” In what Trump called a “major announcement” via his social media platform Truth Social on Dec. 15, the former president unveiled a collection of 45,000 NFT trading cards, with the artwork depicting himself in various outfits such as golf attire, hunting gear and a superhero costume. Thank God, the digital trading cards are here. It was indeed a MAJOR ANNOUNCEMENT. pic.twitter.com/T1nsqRwr92 — Ben Shapiro …

Nonfungible tokens (NFTs) continue to be a dominant force within the Web3 space for increasing innovation and adoption. As the space continues to push its way into mainstream adoption will reach new demographics, including minors. Recently big name entertainment companies such as Disney, which is highly catered to children, have expanded to include crypto-savvy team members and created partnerships with the Polygon blockchain network. Such developments hint at an impending entrance into the world of Web3, however if Web3 content is to be created for minors big questions arise such as how does an NFT become kid-friendly? Or, how does …

Web3 tools and innovations are making their way into various mainstream industries across the world. Some such as the sports and music industries have made a big leap into adoption. However the world of cinema has not been as vocal on its adoption. Some filmmakers in the past have touched on DAOs as a tool to boost community engagement around cinematic projects. Recently, big names in cinematic entertainment like Disney have made more swift moves into the space by hiring Web3-related lawyers and bringing the Polygon blockchain network into its accelerator program. Cointelegraph sat down with Director Stephen Fung, who …

In this week’s newsletter, read about how nonfungible tokens (NFTs) hosted on the FTX exchange are now showing blank images. Check out how NFTs can solve diamond certification fraud and how the NFT space is held back by oversupply. In other news, find out how celebrities are facing a class-action lawsuit. And don’t forget this week’s Nifty News featuring classic media player Winamp adding support for NFTs. NFTs minted on FTX break, highlighting Web2 hosting flaws NFTs hosted on the embattled FTX exchange have been affected by the collapse of the organization. After FTX filed for bankruptcy, its FTX.US domain …

Social media is an enormous part of the everyday lives of people worldwide. Because of the magnitude of the audience that is globally accessible through social media channels, many have now become international stars. And we’re not only talking about people, this includes pets, babies, and even imaginary friends in the form of rocks and twigs. The global stage that social media opens up has allowed creators to express themselves in new and exciting ways. One example of such a surprise star is the French Bulldog named Isabella. She broke the internet all the way back in 2017 by becoming …

Tech giant Apple is gearing up to permit third-party app stores on its devices to comply with new anti-monopolistic requirements from the European Union (EU), which could be seen as a huge win for crypto and NFT app developers, at least in Europe. Under the new rules, European customers would be able to download alternative app marketplaces outside of Apple’s proprietary App Store, thus allowing them to download apps that skirt Apple’s 30% commissions and app restrictions according to a Dec. 13 Bloomberg report citing those familiar with the matter. Currently, Apple has stringent rules for NFT apps that practically …

Soulbound tokens (SBTs) are becoming a mainstay in the Web3 space for users and projects to define themselves in digital reality. A Dec. 13 announcement from Cobo, a digital asset custodian and blockchain technology developer, revealed a new SBT project which unites crypto industry giants to cater to users’ developing digital identities. Cobo, MetaMask Institutional and Gnosis DAO teamed up to create “Evolution,” an SBT project, a tool to help users define themselves in digital reality and stay up to date on industry trends. A spokesperson for Cobo told Cointelegraph that since SBTs cannot be sold on the market, it …

The sudden failure of FTX has left many people questioning the impact this will have on the cryptocurrency ecosystem. For instance, it remains questionable whether or not crypto hotspots will continue to flourish or if there will be a decline in innovation. While it may be too soon to fully understand the impact of the FTX collapse, industry leaders within crypto-friendly geographies believe that the FTX failure will not hamper innovation. For example, Dubai — which has been dubbed as one of the most innovative regions for crypto and blockchain development — continues to see ecosystem activity. Most recently, The …

While some gamers are against nonfungible token (NFT) integration for games, a large portion are willing to play if they are given opportunities to earn cryptocurrency, according to a recent survey. In an announcement, fintech firm Zeebedee published the results of a study that surveyed gamers based in the United States to measure their exposure to crypto and their sentiments toward blockchain gaming. The researchers found that 67% of the respondents are more likely to play free games if the games offered crypto rewards. Out of the survey participants, 45% believe that there are benefits in being able to trade …

The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications, it can be difficult and expensive for enterprises to fully utilize its benefits. With the adoption of distributed ledgers, many projects have put efforts to lower the barriers to entry. VeChain is one such blockchain platform built to improve widespread use of blockchain technology. One of the most significant issues facing supply chain organizations is a lack of transparency, which blockchain aims to resolve by …