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NFTs and Gaming
Sky Mavis, the company behind leading non-fungible token game Axie Infinity, has raised US$152 million in a Series B funding round with a valuation of nearly US$3 billion, according to news outlet The Information. Fast facts Led by venture capital firm Andreessen Horowitz, Sky Mavis said it will use the funds to improve its blockchain […]
Lachlan Keller
NFTs and Gaming
It’s been quite a run for the world’s leading play-to-earn game, but as its monthly revenue takes a hit, what’s in store for the future of the game?
Lachlan Keller
NFTs and Gaming
Mobile game company Gamevil buys a large share of crypto platform Coinone, planning to develop blockchain-based gaming.
Danny Park
NFTs and Gaming
A Chinese game company, Zhong Qing Bao, announced a metaverse game, and its stock rose considerably this week for two days in a row. Fast facts The game’s name is Brew Master, a game that lets players pretend to be winemakers and trade the wines that they make as NFTs. Two days after the game […]
Ningwei Qin
NFTs and Gaming
NFTs, metaverses and 'play-to-earn' are upending gaming’s traditional revenue model. Shreyansh Singh of Polygon explains blockchain gaming's business potential.
Shreyansh Singh
NFTs and Gaming
The multiplayer online role-playing game is widely popular elsewhere, while Korea bans play-to-earn crypto and NFT trading.
Danny Park
NFTs and Gaming
The hot play-to-earn token game Axie Infinity is under increased scrutiny from Philippines tax authorities. The country’s central bank said it is closely monitoring how players use game tokens to decide whether to classify and regulate Axie’s parent company as an entity that runs payment systems. Fast facts The central bank, Bangko Sentral ng Pilipinas, […]
Ningwei Qin
NFTs and Gaming
Axie Infinity, one of the world’s most popular non-fungible token (NFT) games, tweeted that it is “looking forward to working with physical nations” and called for its digital users to abide by the laws of their home countries, presumably a reference to local tax laws. Fast facts The tweet came just days after the Philippines government stated […]
Ningwei Qin
NFTs and Gaming
With play-to-earn crypto games like Axie Infinity continuing to attract users, tax authorities in the Philippines are looking into taxing such blockchain-based game companies as well as the income earned by users on such platforms, according to a report by the Manila Bulletin. Fast facts Philippines’ finance undersecretary Antonette C. Tionko said earnings from these […]
Monika Ghosh
NFTs and Gaming
Axie Infinity’s founder has announced that the company’s non-fungible token market trading volume hit US$1 billion this morning, having already announced that it had more than 1 million daily active players last Friday. Fast facts DappRadar shows the Axie NFT market now has a trading volume of US$1.126 billion, ranking first among all markets. It […]
Ningwei Qin
