Gaming
What Crypto Startups Is FTX Planning to Invest In With New $2B Venture Fund?
Crypto derivatives exchange FTX has set up FTX Ventures, a $2 billion fund to invest in crypto-industry startups. The full funding came from FTX and its founder, Sam Bankman-Fried. Amy Wu shares insights into FTX Ventures and what investment opportunities she’s continuing to watch.
Why GameStop Is Entering the NFT and Crypto Markets
In its continued effort to turn around the videogame retail chain, GameStop has announced its plans to launch a marketplace for NFTs while pursuing cryptocurrency partnerships.
Delay Likely for India’s Crypto Bill, Crypto’s Landmark Year
Delay likely for India crypto bill. Nexon America to accept crypto for in-game purchases. Crypto caps a landmark year. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Fans Rejoice, Gamers Revolt as Ubisoft Announces NFT Plans
Gaming giant Ubisoft is building NFTs into its latest “Tom Clancy” title, and the announcement was met with backlash Tuesday from a crypto-wary public. “The Hash” team discusses the outlook for Web 3 gaming amid NFT integrations like Ubisoft’s potentially being a catalyst for mainstream adoption among other incumbent gaming institutions.
Morgan Stanley: Luxury NFT Market Could Hit $56B by 2030
According to last week's research note from Morgan Stanley, metaverse gaming and non-fungible tokens (NFTs) could represent a revenue opportunity of $56 billion for the luxury market by 2030. The bank expects the total NFT market to grow to $300 billion by that year. Meanwhile, Mogran Stanley says Facebook stock is the best way to get exposure in Metaverse, adding that it's “all upside and would be another layer-cake of multi-year monetization.” The Hash" squad discusses the outlook for the luxury sector as it increasingly collides with the world of crypto.
FTX, Lightspeed, Solana Ventures to Invest $100M in Web 3 Gaming
FTX, Lightspeed Venture Partners, and Solana Ventures are investing $100 million in Web 3 gaming development. The funding will go towards gaming studios and technology integrating the Solana blockchain into video games on desktop and mobile platforms. The Hash" group discusses the implications for the initiative, one of the largest capital investments ever in the growing Web 3 gaming space.
GameStop Enters the Metaverse With ‘Web3 Gaming’ Job Post
A new job listing posted by Gamestop reveals it is looking to build an Ethereum-based Web 3 arm after teasing an NFT marketplace in May. "The Hash" squad discusses the specifics, reactions, and implications following the latest sign a metaverse-esque future could be ahead for the gaming industry.
The First ‘Move-to-Earn’ NFT Game Raises $8.3M
Genopets, a Solana-based NFT “move-to-earn” game where players are rewarded for the steps they take in real life, combining free-to-play and play-to-earn style gameplay, has raised $8.3 million in a seed funding round led by Konvoy Ventures and Pantera Capital. "The Hash" squad discusses the latest development in the world of crypto gaming signaling mainstream blockchain awareness and disruption of traditional gaming.
Yield Guild Games Taps HaloDAO to Help Gamers Put Earnings in DeFi
Yield Guild Games (YGG), a key investor in the “play-to-earn” arena, has teamed up with the stablecoin-focused decentralized finance (DeFi) project HaloDAO to allow its gamers to cash out using its stablecoin and gain yield. "The Hash" squad discusses the latest move signaling the importance of DeFi in emerging economies and the world of blockchain games.
The Latest NFT Fad Is a Text-Based Fantasy Game Building Block
“The Hash” squad discusses the evolving world of non-fungible tokens (NFTs), with the latest craze among the simplest and the strangest yet: “Loot: (for Adventurers),” a text-based NFT side project from social media network Vine co-founder Dom Hofmann, that randomly generates a list of items ostensibly intended for players of a fantasy video game.