Blockchain gaming continues to grow and dominate the nonfungible token space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted…
ViraMiner is an Iranian company that sets up Bitcoin mining farms and maintains them. It has two offices in western Tehran, located in separate adjacent buildings. When Magazine visits, its old office is busy on a Monday afternoon. This place is now officially dedicated to its repairing services alone. Mining devices are stored upon each other in yellow, green and…
In the 1970s, nearly half a century before he’d grow powerful enough to strike fear into the entire U.S. cryptocurrency industry, Gary Gensler was the 112-pound coxswain of the University of Pennsylvania crew team. Unlike runners and cyclists, rowers (such as actual regulation-following Olympic rowers Cameron and Tyler Winklevoss) move backwards. The coxswain, who doesn’t touch the oars himself, faces…
In brief Render Network, a peer-to-peer service for providing 3D rendering power, has raised $30 million. Leading NFT artist Beeple is an advisor to Render Network, which other notable NFT creators use as well. Render Network’s blockchain-driven 3D rendering network has been used by an array of creators during this year’s NFT market boom, including famed artist and advisor to…
DFG Capital has led a $6.5 million investment in the interoperability start-up Interlay, which is building infrastructure for decentralized finance applications across major blockchains such as Ethereum, Cosmos and Polkadot. As per the announcement, the new funds will be used by Interlay to scale its operations and bring more developers on board with its open-source platform. In a statement, James…
The United States Department of Justice has announced the filing of a civil forfeiture complaint to retrieve over $150 million of embezzled funds in Bitcoin. The FBI tracked down the funds during a robbery investigation involving Sony. “The United States took action in a federal court today to protect and ultimately return more than $154 million in funds that were…
Hollywood actress Gwyneth Paltrow is giving away $500,000 in bitcoin for the holidays. The winners are chosen at random and given bitcoin in “$20 increments and $100 increments.” She explained: “I wanted to do it to get women — my followers specifically, and Marvel fans — feeling excited” about bitcoin so they can “play around with it” and “trade it.”…
Russia continues sending mixed signals to the cryptocurrency markets as more reports provide details on the country’s upcoming crypto regulation. Shortly after Bank of Russia governor Elvira Nabiullina announced the Bank’s intention to prevent the local financial system from using crypto, another executive at the central bank has clarified that crypto investment will remain legal in Russia. There will be…
In brief Ubisoft will continue its video game NFT initiative despite pushback from fans. Its partnership with Aleph.im will help with NFT storage. Ubisoft recently became the first traditional gaming giant to implement in-game NFTs with the launch of its Tezos-based Quartz platform, but the publisher faced significant backlash from gamers. Today, alongside announcing a new alliance with Aleph.im, Ubisoft…
2021 is coming to an end and the new year is just around the corner. If you’ve ever considered getting a very unconventional, extremely trendy, and totally unforgettable Christmas gift for your loved ones, NFT artworks can be a great option. If you decide to buy one now, it will for sure be delivered before the holiday arrives. NFT Art:…
