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Axie Infinity breaks $4BN; China’s brewing metaverse frenzy

Axie Infinity breaks $4BN mark. Meanwhile, China’s brewing metaverse frenzy sees over 16,000 trademark applications.

Animoca Brands, K-pop agency Cube form metaverse joint venture

Hong Kong-based Animoca Brands and K-pop agency Cube Entertainment announced on Tuesday the completion of a new joint venture named AniCube Entertainment, as Korean music labels race to cash in on their loyal fan bases through metaverse and non-fungible token (NFT) projects. See related article: K-pop agency Cube bets big on NFT and metaverse Fast […]

16,000 metaverse trademark applications filed, unlikely to pass in China

China’s National Intellectual Property Administration (CNIPA) said on Monday that 16,000 trademarks containing the word “metaverse” have been filed.  See related article:  Why the metaverse is a trillion dollar opportunity Fast facts CNIPA opposed the high number of filings, vowing to crack down on “malicious registrations” of trademarks, such as piggybacking on the rising popularity […]

Why digital assets are poised to disrupt philanthropy

Charitable giving in Bitcoin and other cryptocurrencies is growing by leaps and bounds. Michael B. Greenwald and Logan Weber explain the risks and benefits.
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LooksRare trails OpenSea in sales volume as developers cash out $30M

Trading volumes on non-fungible token (NFT) marketplace LooksRare dropped by more than half its daily volume since developers withdrew roughly US$30 million of its native LOOKS token and cashed out in wrapped Ether (wETH) Fast facts LooksRare was averaging daily sales volumes of around US$550 million but fell more than 50% overnight in early February […]

Sandcastles in cyberspace and the rise of the metaverse

As businesses wake up to the potential of the metaverse, we ask The Sandbox’s Sebastien Borget whether its creator-driven promise will persevere.

South Korea struggles to prevent sexual harassment of minors in the metaverse

While the government cultivates the booming metaverse industry, experts say laws fail to protect youth from abuse within virtual and digital realms.

Hong Kong gears up for its first metaverse ETF

Hong Kong’s first metaverse-themed exchange-traded fund (ETF), the CSOP Metaverse Concept ETF, is scheduled to be listed on Feb. 21 on the Stock Exchange of Hong Kong, according to a CSOP Asset Management disclosure document.  See related article: NFTs, metaverse listed as top ‘must watch’ security risks in Hong Kong Fast facts The metaverse ETF […]

Indian dating app attempts to start metaverse dating trend

Dating platform Mingout has introduced metaverse dating in India by organizing a virtual date for two of its users in a moon-based setting. See related article: Phillips to auction metahuman-made NFTs for Valentine’s Day Fast facts Metaverse or virtual dating is a nascent concept in India, and Mingout hopes to create a dating revolution and […]

Animoca Brands’ new Japan arm aims to connect fans in Web 3.0 world

Hong Kong-based blockchain unicorn Animoca Brands’ Japanese strategic subsidiary started operations on Tuesday to bridge the nation’s exclusive intellectual property (IP) with the Web 3.0 ecosystem. See related article: Animoca Brands valued at US$5B after latest fundraise Fast facts The subsidiary, Animoca Brands KK, is building a blockchain-powered platform for Japanese IP holders to launch […]

Prime time for crypto as Super Bowl ads make splash

Top blockchain and crypto news: Super Bowl score for digital asset exchanges. CryptoPunks holders face copyright conundrum. Hong Kong warns of NFT risks.

Binance rebrands blockchains for metaverse, DeFi expansions

Binance has rebranded its two blockchains as one BNB Chain on Tuesday, in a push toward the metaverse and decentralized finance (DeFi), an ecosystem the company calls “MetaFi.”  Fast facts Binance has taken its name out of its two blockchains, the Binance Chain and Binance Smart Chain, which are now respectively called BNB Beacon Chain […]

Genshin Impact developer launches HoYoverse, teases metaverse

Popular video game Genshin Impact developer miHoYo announced on Monday the launch of HoYoverse for its global expansion while hinting its entry into the metaverse race. Fast facts The China-based game developer wants to provide a virtual world with a “high level of freedom and immersion,” miHoYo CEO Haoyu Cai said in a statement.  MiHoYo […]

Hong Kong’s Ocean Park brings virtual attractions to The Sandbox metaverse

Hong Kong’s Ocean Park announced on Monday that it is entering The Sandbox metaverse to offer virtual experiences through non-fungible tokens (NFTs) and gaming, as visitors to its physical venue dropped throughout the pandemic.  Fast facts The government proposed last January that it will transform the physical theme park into a resort and leisure destination […]

Super Bowl ad blitz not enough for exchanges to top Binance sales

The aggregate sales volume of the four crypto exchanges that advertised during the Super Bowl on Monday Asia time accounted for under 60% of the world’s largest exchange Binance, which did not. Fast facts The four exchanges — Coinbase, FTX, Crypto.com and BitBuy — saw a total of US$6.75 billion in the past 24 hours […]

Forget synthetic wombs. Give women more opportunities in DeFi and Web3

Vitalik Buterin’s advocacy of synthetic wombs misses the point, writes Izzy Howell of Cypher. Here’s why crypto can do more for gender equality.

‘All eyes are on it:’ CryptoPunks at center of copyright legal dispute

The biggest-selling NFT collection of all time has two competing versions, threatening to undermine the value of the tokens and faith in the industry itself.

Collision or coexistence: Can CBDCs and crypto live side by side?

As more countries announce plans for central bank digital currencies, will that break crypto’s promise as the future of money?

S.Korean gaming giant Netmarble partners with Binance for GameFi

Netmarble revealed Thursday that it has formed a strategic partnership with Binance to establish a global blockchain gaming ecosystem. Fast facts Binance will provide its blockchain platform and tech infrastructure to Netmarble. Netmarble will build a new sidechain on the Binance Smart Chain (BSC) for developing GameFi and an initial game offering (IGO) on the […]

Bandai Namco plans IP metaverse; Russia’s crypto flip

Japanese gaming giant Bandai Namco plans on a metaverse with their IP meanwhile, Russia does a crypto flip.

Indian crypto tax creates more confusion than clarity for traders, exchanges

The announcement of a crypto tax dispelled fears of a ban but left exchanges wondering whether they may be hurt in the long run.

OpenSea delists CryptoPunks V1 after DMCA notice from Larva Labs

Non-fungible token (NFT) marketplace OpenSea has removed CryptoPunks V1, the “wrapped” edition of the original collectibles, after receiving a DMCA notice — a takedown issue by copyright holders — from creator Larva Labs. Fast facts The V1 CryptoPunks is the original issue of the collection but were replaced with exact copies — the current V2 […]

Pac-Man owner Bandai Namco to invest $130M in metaverse

Bandai Namco is investing 15 billion Japanese yen (US$130 million) into building an “IP Metaverse” with its array of games and content, the Japanese entertainment conglomerate announced on Tuesday. Fast facts “Through the IP Metaverse, we will establish communities among Bandai Namco and fans, as well as among fans themselves,” the company wrote in its […]

Fan friction: What’s keeping influencers and artist communities from Web3?

The new token economy offers unparalleled opportunities for content creators, writes Weiwei Geng of Unite.io. Improving user experience will be key.

AssangeDAO strikes crypto gold

WikiLeaks founder’s legal defense fundraising bonanza. Shiba Inu’s big new leap. NFT fever rises in China.

What is Web 3.0 and how will it shape the crypto future?

By returning data ownership and reshaping human-machine interactions, the third generation of the internet promises an interconnected future.

Kakao Games rebrands subsidiary to focus on crypto, blockchain, Web 3.0

Kakao Games announced Tuesday that Friends Games, its subsidiary, will now become Meta Bora to focus on blockchain-based games and entertainment supporting its Bora cryptocurrency. Fast facts “We will work our hardest to help the development of the Web 3.0, such as in blockchain and the metaverse, by integrating Kakao Games’ game industry network and insight […]

Crypto donations rise by 1,558% on The Giving Block in 2021

Charitable donations on crypto philanthropy platform The Giving Block rose by 1,558% in 2021, the company announced in its annual report. Fast facts The Giving Block’s crypto donation volume increased in each quarter of 2021 and surpassed US$69 million in total donations, with an average of US$10,455 worth of crypto per donation. As cryptocurrency is […]

‘Baby Shark’ to bite into P2E pie with planned mobile game

The beloved Pinkfong Baby Shark franchise is getting its own blockchain-based play-to-earn (P2E) game, set for a worldwide release in the first half of this year, South Korean developer CityLabs announced on Thursday. Fast facts The Baby Shark Bubble Pong Friends game has been teased as a bubble-shooter puzzle game where players transact in cryptocurrencies […]

Will blockchain’s future be cross-chain or multi-chain?

Vitalik Buterin caused an uproar over his recent criticisms of blockchain bridges. Here is a rebuttal in support of this nascent technology.

Indian crypto tax ends fears of ban as investors brace for impact

Top blockchain and crypto news: New Delhi’s crypto give and take. Malice in Wonderland? Hong Kong’s selective spot ETF rules.

India to place 30% tax on crypto income

Indian Finance Minister Nirmala Sitharaman said in her budget speech on Tuesday that a 30% tax will be levied on income from all cryptocurrency or digital assets transfers.  Fast facts The levy on cryptocurrency will also apply to non-fungible tokens (NFTs) and gifts, where the recipient will be taxed. In case of losses from crypto […]

When the going gets tough, the tough get their wallets out

The recent crypto price plunge has done little to rattle new investors. Are they just buying the dip, or is there more to it? Q9 Capital’s James Quinn explains.

Are crypto e-red packets a thing for the Lunar New Year?

Digital payments are commonplace in Asia, but gifting crypto as lucky money remains niche.

Warner Music is ready to play in The Sandbox metaverse

The record label conglomerate Warner Music Group (WMG) announced it will create a music-themed digital world in The Sandbox metaverse. Fast facts WMG confirmed its partnership with The Sandbox on Thursday, expanding the music company’s venture into non-fungible tokens (NFTs) and the metaverse. The Sandbox is a subsidiary of blockchain unicorn Animoca Brands, with high […]

S.Korean gaming giant Netmarble to issue own cryptocurrency

South Korean game developer Netmarble announced its crypto and play-to-earn (P2E) strategies at a press conference on Thursday, including plans to issue its own cryptocurrency. Fast facts Netmarble CEO Kwon Young-sik said the company is preparing to issue and list a crypto token that would act as a key currency for Netmarble games. Netmarble has […]

What is OpenSea and why is everyone talking about it?

OpenSea is the world’s largest open marketplace for NFTs. Find out what’s driving everyone there in this Forkast explainer.

Russian ministry against crypto ban; Korea plans metaverse protection

Russian Ministry of Finance against the latest crypto ban, meanwhile in Korea, there are plans to protect metaverse users.

Kakao’s Klaytn latest to join China’s BSN International

Klaytn, a public blockchain platform under South Korean internet giant Kakao, has joined China’s Blockchain-based Service Network’s (BSN) international infrastructure. Fast facts Klaytn’s joins fellow public blockchains Ethereum, Solana, Tezos and Polkadot in BSN International, to become accessible to the 25,000 developers in the ecosystem. The BSN is a Chinese state-backed project that is split […]

Amid SEC lawsuit, Ripple buys back stock and raises value to US$15B

San Francisco-based Ripple Labs announced Tuesday that on the heels of a strong year it bought back the shares it sold in a 2019 fundraise and is now valued at US$15 billion. Fast facts The blockchain payments platform developer is in the middle of a 13-months-long lawsuit filed by the U.S. Securities and Exchange Commission […]

Crypto market suffers mauling as bears go berserk

Top blockchain and crypto news: Market chills make investors shiver. Hacking storm at OpenSea. Has Beijing tamed NFTs?

Building a blockchain ecosystem today for the metaverse of tomorrow

The metaverse could be life-changing for the world’s unbanked, writes Pavel Matveev of Wirex. Interoperability between the real and virtual worlds will be key.

South Korea wants to be the physical home of the metaverse

The tech-savvy nation is deemed a prime environment to grow the metaverse. What comes next, and will some be left out by a digital divide?

Survey: India wants crypto regulation clarity from Parliament

A survey of more than 1,000 digital respondents found 79% of Indians want more clarity on cryptocurrency and non-fungible token (NFT) regulations in the budget session of Parliament starting on Jan. 31, according to new survey findings.  Fast facts The survey, conducted by tax and advisory firm Grant Thornton Bharat, also found that 61% of […]

Crypto market tumbles amid uncertainty over Russia and Ukraine

Bitcoin and Ethereum fall below psychologically important levels as rising uncertainty clouds markets. Is the Fed also depressing crypto’s prospects?

Crypto investors are being wooed in South Korea’s tight presidential election

The top contenders jockey for position on initial coin offerings and other blockchain-based innovations. How did crypto become a critical factor in the race?

Straight shot: How sports stars are sidestepping middlemen in Web 3.0

A pro basketball player and an ex-banker are aiming for a slam-dunk with a ‘creator first’ content platform. Calaxy co-founder Solo Ceesay explains how.

How creators can solve the talent bottleneck in gaming

The gaming industry suffers from a talent shortage, but blockchain technology and Gen Z’s obsession with self-expression are relieving cost pressures.

Digital collectible gifts on the way for Chinese New Year

Several mainland tech giants are launching digital collectibles as a novel gifting option for the Chinese New Year holiday season, which starts Feb. 1. Fast facts Digital collectibles are essentially non-fungible tokens (NFTs), but the term has been discouraged by authorities. Chinese search engine Baidu’s XuperChain has launched its digital collectibles platform, with a series […]

Hyundai Card VP: Crypto’s ‘tulip mania’ stage is passing

Hyundai Card vice president Chung Tae-young said on Wednesday the rise of NFTs (non-fungible tokens) and the metaverse is helping crypto to move past the Dutch tulip mania stage. Fast facts “Although there might be ups and downs, it seems cryptocurrencies are passing the ‘Dutch tulip stage,’” Chung wrote in a Facebook post.  Hyundai Card, […]

The rising tide of decentralization in mass movements

Alternative approaches to governance have never been more important, writes Alexander Filatov of TON Labs. Here is how DAOs can change the world.

Crypto clampdowns mount in Asia as authorities ponder bans

Top blockchain and crypto news: Asian governments target crypto. Managing MATIC. China’s expanding metaverse.

Animoca Brands valued at US$5B after latest fundraise

Hong Kong-based Animoca Brands announced a US$358,888,888 capital raise Tuesday that values the blockchain gaming and open metaverse company at US$5 billion. Fast facts The round was led by New York-based Liberty City Ventures, with more than 18 other investors around the world, including Kingsway Capital, Sequoia China, Smile Group, Soros Fund Management and Winklevoss […]

Burnt Finance bags $8M funding led by Animoca Brands

Solana-based non-fungible token (NFT) marketplace Burnt Finance, best known for burning then tokenizing street artist Banksy’s artwork, announced on Tuesday an $8 million Series A funding round led by Animoca Brands. Fast facts Other investors in this round include Alameda Research, Multicoin Capital, Valor Capital, Figment, Spartan Capital, HashKey, Terra and Fantom.  Burnt Finance got […]

The Australian Open launches on the metaverse, attracting digital fans

In the latest sign of growing blockchain adoption, the tennis tournament expands to the metaverse, offering rewards and participation through NFTs.

Cardano ADA beats Bitcoin as Ethereum alternative: Twitter poll

Cardano’s ADA edged out Bitcoin as the currency of choice in a Twitter poll posted by Ethereum creator Vitalik Buterin on a hypothetical future without ETH. Fast facts Buterin asked his 3.1 million followers on Friday what currency, aside from Ethereum, they would prefer to be used in 80% of all global transactions by 2035, […]

Up to code: Bringing digital assets into the regulatory architecture

If 2021 was a breakout year for crypto, this year may mark a similar advance for regulation of the industry, says Caroline Malcolm, Chainalysis’ new policy chief.

Jay Chou dethrones Bored Ape Yacht Club; Bitcoin dips below US$40k

Taiwanese’s superstar Jay Chou’s NFT dethrones Bored Ape Yacht Club. Meanwhile Bitcoin dips below US$40k mark.

Kazakh crypto miners remain hopeful, assess satellite option amid unrest

Internet blackouts are partially restored but access remains unpredictable to support full crypto mining, industry players say.

Kakao-backed Klaytn announces 5 partners for gaming and metaverse expansion

Klaytn, a public blockchain platform under South Korean internet giant Kakao, announced on Monday five partnerships to drive plans to become a global blockchain benchmark for the increasingly competitive gaming and metaverse space in 2022. Fast facts Klaytn is partnering with Japanese tech giant GMO Group, Indonesia’s Innovation Factory, NFT marketplace East NFT, U.S.-based entertainment […]

Blood, sweat and tiers: Why layer 2 remains the bedrock of Bitcoin development

How has layer-2 innovation saved Bitcoin from becoming a victim of its own success? Blockstream chief Adam Back explains.

Tendermint CEO Peng Zhong on how the Cosmos ecosystem is connecting a multi-chain world

In a special Q&A, a core contributor to the rapidly expanding Cosmos ecosystem discusses the ‘internet of blockchains’ and the new cross-chain economy.

Bitcoin’s biggest test may come at next TradFi sell-off

Traditional equities and global markets are due for a correction. Valkyrie CEO Leah Wald wonders whether Bitcoin would hold strong in a global sell-off.

The Sandbox metaverse names Mega City project partners

Gaming metaverse the Sandbox announced the partners for its upcoming Hong Kong-influenced virtual cultural hub.

Besides crypto, what other digital assets can you invest in?

Have you already made your first Bitcoin trade? Perhaps you already have and would like to know more about other digital assets. This Forkast.News video explainer explores what investors can hold in their portfolios as alternatives to cryptocurrency. What you’ll learn: What digital assets can you invest in other than Bitcoin and altcoins? What are […]

Flash crash hits crypto market, but prices steady throughout Asia trading day

Bearish concerns over Federal Reserve rate hikes show a continued correlation with traditional markets, but industry watchers see changing dynamics at play.

Australian Open comes to metaverse platform Decentraland

The Australian Open (AO) is one of the biggest sporting events on the world tennis calendar, and now there is another way to watch, as this year’s tournament will also be held in Decentraland — the decentralized metaverse platform. Tennis fans will be able to participate further through buying non-fungible tokens (NFTs) linked to live […]

CBDCs and the year that may reshape crypto markets

Top blockchain and crypto news: CBDCs at the crossroads. A token gesture from Samsung. NFTs survive in China.

Crypto is presidential election campaign issue for South Korea

In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea’s booming virtual asset space.
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China CryptoPunk sale; Use cases key to DeFi

A CryptoPunk is sold in a Shanghai auction house despite an existing crypto ban in China.

South Koreans required to report overseas crypto accounts

In South Korea, virtual asset investors with more than 500 million Korean won, or approximately US$418,935, worth of crypto assets in overseas accounts must report to their regional tax authorities beginning in 2023. Fast facts According to a new year guidebook by the Ministry of Economy and Finance, any resident or domestic corporation with overseas […]

After a stellar year for Bitcoin and record crypto prices, what to expect in 2022

2021 was a big year for crypto. As we enter a new year, Forkast.News asks market watchers what might be in store for the next 12 months.