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Sky Marvis

4 articles

North Korea behind Ronin hack: US

The U.S. Federal Bureau of Investigation (FBI) and the Department of the Treasury allege North Korea’s Lazarus Group and APT38 were responsible for stealing cryptocurrencies worth about US$620 million off the Ethereum sidechain Ronin. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts The hack was perpetrated by the Democratic People’s […]

Opensea’s Solana beta begins; Binance bails out Sky Mavis

Chinese state media calls for stronger regulations of NFTs. Meanwhile, Sky Mavis raises $150M to offset Ronin hack.

Sky Mavis raises $150 mln to offset Ronin hack, Axie NFT sales surge more than 350%

News of Sky Mavis raising US$150 million to compensate users following the around US$600 million hack on its Ronin Bridge led to a surge in Axie non-fungible tokens (NFT) sales. See related article: Axie Infinity blockchain Ronin hacked for over $600M Fast facts Binance leads the round along with Hong Kong-based Animoca Brands, a16z, Dialectic, […]

Venture capitalists are falling for play-to-earn gaming startups

Games like Axie Infinity are now the darlings of big investors. Does it matter that revenue is falling and many players earn less than the minimum wage?