As soon as a gamer cashes out an in-game asset, they realize monetary value, which is where the problem with the SEC comes in, a Shrapnel executive told Cointel… Source: https://cointelegraph.com/public/index.php/news/blockchain-game-shrapnel-restrict-us-players-fearing-securities-laws
Month: September 2023
How OKX convinced F1 star Daniel Ricciardo it’s safe to promote crypto
Australian F1 driver Daniel Ricciardo and his Olympic snowboarder mate Scotty James say they always think long and hard about the risks of promoting the wrong thing. And as brand ambassadors for crypto exchange OKX, that no doubt was at the forefront of their minds when FTX collapsed and markets crashed — mere months after they signed on. The risks…
Shrapnel Web3 shooter won’t let US users cash out, thanks to Gensler
The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator. The game, which is due to launch in early access in December, will be unrestricted for players from Europe and Asia but…
Proposed California Legislation Would Protect Actors From AI Copycats
With no end in sight to the ongoing actors’ strike in Hollywood, a California lawmaker introduced legislation Wednesday that, if passed, would give actors a way out of contracts that require the use of their likeness to create digital avatars using artificial intelligence. The bill, AB459, would allow actors, including voice actors, to nullify vague contracts about AI use to digitally…
Web3 game Gods Unchained releases ‘Sealed Mode’ to mimic paper card games
Web3 game Gods Unchained released a new gameplay format that allows players to compete with semi-random cards they receive at the start of a tournament. Called “Sealed Mode,” the format is intended to reward highly skilled players, even if they don’t have a large or expensive card collection. The new format was announced via a blog post on Sept. 13.…
No Bubble Here: Goldman Sachs Says AI Still in Early Stages
Artificial intelligence (AI) is not only revolutionizing technology but also stirring up debates in the financial sector. Goldman Sachs has been adamant that there isn’t an AI bubble. But there are still plenty of analysts who are nervous at the major growth of interest in the AI market—and the associated spike in tech stocks. Still, the Wall Street giant offers…
Game Developers Are ‘Fucking Livid’ Over Unity’s New Fees
Game development tech firm Unity, the company behind the widely used video game engine of the same name, has announced changes to its pricing model—sowing discord and fury among video game developers who call it harmful and “gross,” among other descriptors. One day after the announcement, Unity has already walked back and clarified some of its policies. However, there’s no…
Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong
Lighting Network helps Bitcoin solve its scalability problem and compete against newer cryptocurrency projects that promise comparatively faster and cheaper tra… Source: https://cointelegraph.com/app/public/index.php/news/coinbase-bitcoin-lightning-network-integration-brian-armstrong
Bitcoin price reacts as 3.7% CPI sees inflation jump beyond forecasts
BTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report. Source: https://cointelegraph.com/app/public/index.php/news/bitcoin-price-cpi-inflation-jump-beyond-forecasts
5 Up-and-Coming Generative Artists to Keep Your Eye On
In the midst of an ongoing NFT bear market, generative art has proven to be a stronghold defying all odds. From Bright Moments’ weekly community get-togethers at their Seaport gallery in New York to Art Blocks’ upcoming Marfa retreat, to the launch of new generative platforms like Prohibition, generative art communities and their projects are thriving. We previously wrote about…