Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly tangible. In the case of Blockxer, the latest blockchain game from Blokhaus Inc., every component of the game has been NFT-ized and available for modification by users. Mark Soares, the founder of Blokhaus Inc., told Cointelegraph that when every aspect of the game is an NFT, users can create completely “bespoke” game experiences. Everywhere a user turns in …

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Chainalysis chief scientist shared his views on the Tornado Cash saga and said that the incident has left a void for illicit fund mixing services, but the real impact of the sanctions could be determined in the long run. The staking ecosystem of Ethereum post Merge could have a significant impact on the crypto economy, according to a new report. Institutional lending platform Mapple Finance launched a $300 million lending pool for Bitcoin mining …

Many companies and industries are incorporating Web3 technologies into their business structures, and the travel industry is no exception. On Sept. 21, Flybondi, an Argentinian airline, announced a strategic alliance with TravelX, a blockchain technology company responsible for tokenizing flight tickets. The partnership intends to enable travelers to purchase airline tickets as non-fungible tokens through Binance Pay, using USDC as payment for transactions. Speaking with Cointelegraph, the Co-founder of TravelX, Facundo Diaz, shared that he was fully convinced that Web3 technologies could allow the travel industry to expand, not only in market size but also in terms of use cases …

Philately? If you are a millennial, there is a good chance you used Google to find out that there is a word dedicated to collecting and studying postage stamps. This same search also paints the picture of a hobby in decline, as younger generations are increasingly preoccupied with their screens and the constant stream of dopamine hits served up by TikTok, Instagram, Twitter and other popular social media platforms. Two European postal services have looked to capitalize on the popularity of nonfungible tokens (NFTs) in recent years to reinvigorate the philately sector. Cointelegraph caught up with Netherlands’ PostNL and the …

Blockchain company Zilliqa is launching a Web3 focused console with a cryptocurrency wallet and mining capabilities, along with featuring gaming titles from the company. On Sept. 23, prototype images were released showing an array of ports including HDMI, Ethernet and USB connections, although full hardware specifications and the price of the unit remain guarded. The console itself looks similar to something from Xbox, but has two green panels on the top. The #Zilliqa gaming console seems to be taking a page form the OG Xbox playbook by putting letter into the hardware design.$ZIL #web3 #playtoearn pic.twitter.com/mln1kiUrwD — ChaseRaz (@ChaseRaz) September …

Jimmy McNelis, the founder of Web3 tech firm nameless, says there are too many NFT projects rushing to market without proper smart contract testing — potentially leading to millions lost. Speaking with Cointelegraph, McNelis suggested that a lot of NFT projects often rush to market without fully simulating how its smart contracts will work, even skipping extensive audits in some cases. McNelis said an example of this was observed during the sale of the Akutars NFT collection in February 2021 — featuring 15,000 tokens that went up for sale on Winklevoss-owned NFT marketplace Nifty Gateway. McNelis said while the NFT …

Miami is positioning itself as the crypto capital of the world — and over recent years, the Floridian city's become the go-to destination for summits and conferences with impact. Now, after becoming the home to Bitcoin 2022, CryptoWorldCon, Metaverse Miami and the North American Bitcoin Conference, the sundrenched metropolis has a new major institutional event for the sector to look forward to. The inaugural MiamiWeb3 summit is set to take place from Nov. 28-30, 2022, and will be based at the InterContinental Miami hotel. What makes this event different is that it's being organized by the city itself — alongside …

Developed countries often take for granted the ubiquity of the internet. But the reality is that some 2.9 billion people still don’t have connectivity to the world wide web. Data provided by UNICEF highlights that the majority of this internet-less mass of people reside in undeveloped countries, and children continue to be disadvantaged by the lack of internet connectivity at local schools. A UNICEF-led initiative is tackling this dilemma in a novel way through a joint venture with the International Telecommunication Union that led to the creation of Giga in 2019. Gerben Kijne, blockchain product manager at Giga, outlined the …

With thousands of nonfungible tokens (NFTs) getting minted every single day, trying to find rare pieces can be a challenge for NFT collectors. However, as the industry continues to progress, the hassles in finding rare NFTs may soon become a thing of the past. In a tweet, NFT marketplace OpenSea has announced the implementation of OpenRarity, a protocol that provides verifiable rarity calculations for NFTs, within its platform. The protocol uses a transparent mathematical approach to calculating rarity. OpenSea said that rare NFTs will be awarded lower numbers like 1 or 2, while NFTs that have attributes similar to many …

Nonfungible tokens (NFTs) may be the biggest driver of crypto adoption in Central, Southern Asia, and Oceania (CSAO), a new report has found. According to a Sept. 21, Chainalysis post titled “Crypto Adoption Steadies in South Asia, Soars in the Southeast,” NFT-related actions accounted for 58% of all web traffic going to cryptocurrency services from this region in the second quarter of 2022. Meanwhile, another 21% of traffic in the quarter went to websites of play-to-earn (P2E) blockchain games, with majortitles including Axie Infinity, STEPN and Battle Infinity. Chainalysis noted that P2E blockchain games are “intimately related” to NFTs, as …

In this week’s newsletter, read about how a science fiction comic book uses nonfungible tokens (NFTs) to make the reading experience more interactive and how Web3 musicians view NFTs. Check out how big names like Bandai Namco, Sega and Square Enix are eyeing blockchain gaming. In other news, find out how a metaverse-focused fir- integrated NFTs within Minecraft despite its ban on NFTs. And, don’t forget this week’s Nifty News featuring the first metaverse wedding at The Sandbox. Sci-Fi NFT comic book project lays the foundation for CCG development An NFT comic book project created by former game developers is …

Where are the challenges that face the NFT sector in the future being discussed? Mattereum is hosting a dedicated event to discuss physical asset NFTs on Sept. 21. The meetup begins at 6pm London time — that's 7pm in Berlin, 1pm in New York, and 10am in California. A previous event was held in July 2022, and set out how coveted high-value assets such as red wine, fine art and real estate could benefit from Mattereum's approach to NFTs. With an ever-growing number of blue-chip companies exploring this space, adoption among everyday consumers will continue to skyrocket. Mattereum is determined …