A metaverse casino has been hit with simultaneous cease and desist orders from four state enforcement bodies across the United States, who have deemed the firm’s nonfungible tokens (NFTs) to be unregistered securities. Over two NFT collections offered by metaverse casino Slotie, the tokens are said to offer access to the metaverse casino, staking rewards, revenue split from its games, lotteries, and native token WATT. However, the regulators don't appear pleased with how the platform has marketed the NFTs and its alleged lack of securities registration. On Oct. 20, Texas, Kentucky, New Jersey, and Alabama state securities boards submitted orders …

Rarible, the Ethereum-based nonfungible token (NFT) marketplace, announced its platform upgrade to Rarible 2 on Oct. 20. The NFT marketplace says it is introducing new aggregation tools in order to showcase NFTs from across the Web3 space. This means users can browse and purchase Ethereum-based digital assets from Rarible, OpenSea, LooksRare, X2Y2 and Sudoswap. Alex Salnikov, chief strategy officer and co-founder of Rarible, told Cointelegraph that the NFT platforms we have today are “siloed,” and aggregation is the way to change that. “It creates an open environment where users can access the best prices for NFTs all through one interface." …

Nonfungible tokens (NFTs) leave almost no part of the physical world untouched. From museums and major fashion brands like Gucci adopting the technology to digital items to musicians breaking archaic song rights distribution methods. Now even television, or in a streaming era - scheduled programming, is taking on NFTs as a means of crowdfunding programs. NFTV is streaming crypto-themed content but using NFTs as the backbone to crowdfund shows while providing viewers with some say in what’s on deck. Each program has a set of related NFTs, which give creators the reins of their projects, rather than giant media houses, …

Museums, individuals and metaverse initiatives have used nonfungible tokens (NFTs) as a new means for reinventing themselves before their fans. The family of Frida Kahlo unveiled never-before-seen art and personal artifacts of the artist at an exclusive event in Decentraland for its art week in August. In Belgium, the Royal Museum of Fine Arts Antwerp became the first European museum to tokenize a classic art masterpiece worth millions of euros. The Kharkiv Art Museum in Ukraine launched a new NFT collection with Binance to preserve their cultural heritage and raise funds amid the ongoing regional conflict. However, as everything becomes …

It's been a seismic couple of years for the gaming industry. NFTs are playing an increasingly bigger role in new titles as studios experiment with blockchain technology. But this isn't an innovation that has been met without controversy. Here, Catheon Gaming's head of business development Philippe Ho tells us about the biggest obstacles standing in the way of wider adoption — and why careful consideration is required before digital assets are integrated into games. 1. Hello! Tell us about Catheon Gaming. Catheon Gaming is one of the fastest-growing blockchain gaming and entertainment ecosystems. We are a fully end-to-end platform that …

GameFi is one of the hottest buzzwords in crypto right now — but winning over players has proven to be a bit challenging. Today, most GameFi projects use the play-to-earn (P2E) model, which focuses primarily on earnings and doesn't pay attention to what matters most: fun features that attract and retain gamers. Some projects have been criticized for offering low-quality gameplay, punctuated by janky graphics and difficult-to-understand controls. But this project says it has the answers — and has the potential to deliver an immersive product that the crypto community has been waiting for. Artyfact is the first Web3 gaming …

In this week’s newsletter, read about how Animoca Brands co-founder Yat Siu believes that nonfungible token (NFT) games are only at the tip of the iceberg in terms of potential. Check out how an executive at Kraken highlighted that NFTs will be as disruptive as Bitcoin (BTC) and how a museum in Ukraine is preserving the country’s cultural heritage through NFTs. In other news, find out how an industry executive claimed that brands have a lot of responsibility in terms of protecting their NFT investors against fraud. Last but not least, British actor Anthony Hopkins sold out his NFT collection …

Tezos blockchain partnered with Web3 automation platform Taco to allow Shopify users to access Tezos nonfungible tokens (NFTs) via Taco’s NFT loyalty program. The e-commerce giant has established itself as a growing destination for brands looking for Web3 engagements. Taco app allows brands to integrate Web3 solutions such as NFTs to increase engagement with customers and e-commerce platforms such as Shopify use Taco app plugins to offer these services to their merchants. The NFT loyalty programs aid brands in strengthening their bonds with consumers, boosting customer engagement and retention. The latest integration of Tezos NFTs would help the blockchain utilize …

There is no substitute for experience. Even when an experience can feel regrettable, like getting your brother’s Runescape account banned. Robbie Ferguson grew up as an avid gamer, accumulating thousands of hours playing his favorite games. One fateful day, he logged into Runescape and set in motion a series of events that would forever change his view on digital ownership and the world of Web3 gaming: “I logged into my brother’s Runescape account which we shared and went into the wilderness and lost all his Red Dragon Armor. The next day, I felt so bad, I went and bought gold …

Dormant Punks Nonfungible token (NFT) sleuths have dug up an old wallet from 2017 that minted 141 CryptoPunks for 0.02 ETH, which was around $7 at the time when the project launched. According to the Twitter user Nansen Intern from the analytics platform the wallet is now valued at 11,300 ETH, or around $14.7 million at current prices. The wallet has shown no activity since then leading to speculation the owner lost the seed phrase. The wallet is placed in the top ten in terms of CryptoPunks holders and many collectors are reportedly monitoring it in hopes of snapping up …

Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token standard tying a physical item to a digital token on the …

A number of food companies have recently begun to position themselves within the Web3 ecosystem by filing trademark applications for the Metaverse, and nonfungible tokens (NFTs). Licensed trademark attorney Mike Kondoudis shared in a tweet that Kraft Foods Group had filed a trademark for its iconic hot dog-shaped Weinermobile on Oct. 12. The filing revealed that the brand plans to expand into NFTs, digital tokens, virtual goods, NFT marketplaces, virtual food, drink, and restaurants. Kraft has applied to trademark the iconic Weinermobile! The October 12 filing claims plans for: NFTs + Digital Tokens NFT Marketplaces Virtual Foods + Drinks + …