News section

Tech leaders from across the globe gathered to make important regulatory decisions on the use of artificial intelligence (AI) at Capitol Hill yesterday. According to reports, there was an “overwhelming consensus” for regulations on AI.

Fashion brand Diesel has reportedly partnered with Metaverse fashion house DressX to power an exclusive fashion collection on the Meta Avatars Store. Co-founded by Daria Shapovalova, DressX Meta to launch a digital-only fashion collection in 2022.

The U.S. Securities and Exchange Commission has concluded its investigation into DeFi protocol Aave, bringing an end to a regulatory process that lasted nearly four years, according to Aave founder Stani Kulechov.

The blockchain gaming sector currently accounts for 712,611 daily unique active wallets (dUAW), which is a metric that measures the number of singular crypto wallet addresses that interact with a dApp’s smart contract. A study by DappRadar and the Blockchain Game Alliance found that this number of dUAW accounted for 41% of the industry’s engagement.

Yat Siu, the chairman of Animoca Games, a prominent player in the Web3 game landscape, has predicted that 2024 will be a pivotal year for crypto games and the Metaverse. This prediction follows that of the 2,817 Web3 games introduced in the past five years, 2,127 have ceased to exist, making a failure rate exceeding 75%.

As the world dives deeper into the blockchain and digital currency era, a new sector emerges with incredible potential to revolutionize the gaming industry. This sector is known as GameFi. Combining the elements of decentralized finance (DeFi) and online gaming, ‘GameF’i’ offers an exciting avenue for gamers and investors.

According to a Strategy and PwC , the metaverse industry will inject $15 billion into GCC (Gulf Cooperation Council) countries by 2030. The report noted existing metaverse initiatives in Saudi Arabia and the United Arab Emirates that could extend to the rest of the region. Strategy and PwC noted the GCC aims to explore the “enormous possible impact” of the metaverse in energizing and transforming various sectors in their economies.

One of the hosts of the Cheeky Crypto YouTube channel has that 2024 would be the year for alternative cryptocurrencies, pointing out Altcoin sectors that could net investors a 100-fold return on investment.

According to CoinGecko, a leading aggregation platform, 72.5% of the top video game companies by market cap have ventured into Web3. Some of the top companies listed in this category include Microsoft, Tencent, Sony, NetEast, and Nintendo.

Trump Org has filed a trademark application for “TRUMP,” indicating a larger push into digital assets. The filing details plans for a TRUMP-branded metaverse and a platform for trading NFTs and cryptocurrencies, limited to those “authorized by the 45th and 47th President of the U.S.”

Meta has reportedlyto reduce its budget for Reality Labs, the company’s division for metaverse hardware and software development. While the 20% reduction is expected to yield about $3 billion, analysts asserted that the amount could be utilized for Meta’s AI initiatives.

GameFi tokens across the cryptocurrency market are rallying, with significant double-digit price increases over the past couple of weeks. Well-known tokens Axie Infinity (AXS) and Sandbox (SAND) are seeing two-week price gains of 26.24% and 23.97%, respectively.

The Internet has come a long way since its early days. What started as a collection of simple, static web pages has evolved into the rich, interactive, and social platforms we use daily. Now, we’re on the brink of another big shift, from Web2 to Web3, and it’s all about putting power back into the hands of users.

Two Telegram games, Gemz and Hamster Kombat, are making waves in the crypto community, but for vastly different reasons. Gemz lures players with the promise of free coins, while Hamster Kombat has become a surprising tool for political expression and faces legal challenges in some countries.

If you are looking for a job in the metaverse, you are not alone. The metaverse is no longer just a concept or an experiment. Over the past three years, it has grown into a thriving part of the digital economy. Today, millions of people use it daily for work, communication, learning, and entertainment.

Observing the recent spikes in the GameFi sector, noticed the trading volume of the GameFi sector recording a 126% spike in the last 24 hours. Meanwhile, over the seven day period, the trading volume rose by more than 200%. It should be noted that these spikes were observed on March 10 at 11:30 PM UTC+8. The reason behind this massive surge could be due to a 48% increase in the number of daily traders over the past seven days.

KuCoin, a leading international exchange, has officially endorsed BlockGames (BLOCK), a rapidly expanding cryptocurrency venture centered around gaming. The came through KuCoin’s official website and X handle, declaring the inclusion of BLOCK among the tradable assets on its spot platform, effective April 10.

The Internet has come a long way since its early days. What started as a collection of simple, static web pages has evolved into the rich, interactive, and social platforms we use daily. Now, we’re on the brink of another big shift, from Web2 to Web3, and it’s all about putting power back into the hands of users.

The ongoing bull rally, led by Bitcoin’s recapture of the $66K price point, has positively impacted the gaming token sector. Among the top-performing crypto assets in this market is Immutable (IMX), a layer-2 scaling solution for NFTs on Ethereum that powers a range of blockchain games.

Bitcoin price today trades near $89,950 as January opens with the market locked beneath a declining trendline that has capped every rebound since mid-November. The structure reflects stabilization, not recovery, with sellers still controlling the higher-timeframe tape while buyers struggle to reclaim lost momentum.