Digitalization keeps on coming to one of the oldest games in the world as FIDE, the International Chess Federation, announces its plans for an NFT marketplace. The group said that the marketplace, which launches at the end of November, will be called ChessNFT. FIDE is the first global sports federation to create its own NFT ecosystem and it does so ahead of the FIDE World Chess Championship 2021. The event is set to take place at the Expo 2020 Dubai from Nov. 24 to Dec. 16. Just last month, the reigning world champion Magnus Carlsen, won an NFT trophy in …

Citron’s announcement of the upcoming Ethereum (ETH) blockchain integration came as a reply to a tweet from Packy McCormick, founder of Not Boring, sharing an article that read: Instant messaging platform Discord may soon launch support for MetaMask and WalletConnect integrations, as evidenced by a pre-release screenshot shared by the CEO Jason Citron. However, a portion of the Discord community raised concerns about the update while threatening to cancel their Nitro subscriptions. “Imagine a human website. Imagine a place where dank memes flow like honey. Imagine a place where potatoes thrive. Imagine a place where humans and bots live in …

Nonfungible tokens (NFTs) scored another win with gaming giant Zynga’s announcement of the upcoming integration of NFTs and blockchain into the publisher’s portfolio. San Francisco-based game developer Zynga, best known for its FarmVille and CSR Racing series, appointed marketing veteran Matt Wolf as its vice president to oversee the company’s blockchain gaming efforts. With the addition of Wolf, Zynga will work on integrating NFTs and blockchain into its existing portfolio in addition to developing new NFT-based games. Zynga chief product officer Scott Koenigsberg noted that the company became an early adopter of emerging platforms and technologies with new releases on …

Blockchain technology has already established itself as a technology with numerous applications in different industries. But according to FUN Token, the gaming industry can also benefit from it. We talked to Adriaan Brink, the CEO of FUN Token, who is an online gaming veteran with over 20 years in the industry, about the prospects of the online gambling industry and what decentralization has to do with it. 1. Why did you decide to launch a company in both gaming and cryptocurrency spaces? I have been in online gaming for over 20 years, starting with a lottery in 1995. When I …

Pokemon gained popularity for allowing players to connect, Tamagotchi for its ability to care for digital pets and CryptoKitties for their ability to earn on the blockchain. While Pokemon and Tamagotchi shaped the lives of the 90s kids, many quickly abandoned their online creatures as they grew up and took on jobs. CryptoKitties later aimed to address the concern around earnings by building their digital kitties with unique genetic code with the ERC-721 (NFT) Protocol. NFTs or nonfungible tokens brought about a new kind of revolution, allowing gamers and collectors to earn real money from their online participation in the …

Nonfungible token-based projects like Loot and The N Project have helped spike interest in the Metaverse to an all-time high, raising hopes again that blockchain will finally break through to the masses. Will it, or is history doomed to repeat itself? The problem is that the very things that capture the imagination of the public are the very same things that ultimately degrade the performance of the underlying platforms and raise barriers to entry higher than ever. In this article, I’ll explore the fundamental issues responsible for creating this dynamic with the goal of helping address these issues once and …

Some of blockchain’s biggest venture firms have spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi, potentially opening the door to a highly lucrative industry that sees cryptocurrency and blockchain merging with the traditional gaming sector. On Friday, Solana Ventures, Lightspeed Venture Partners and derivatives exchange FTX announced the launch of a $100 million GameFi ecosystem fund. The funds will be used to invest in gaming studios, technology companies and other projects “at the intersection of blockchain and gaming,” the companies said. Lightspeed Venture Partners executive Amy Wu described gaming as a massive opportunity to …

Leading technologists believe the internet will soon evolve into the metaverse, a digital experience that offers mind-blowing virtual realities. Within the metaverse, users can be a part of immersive experiences in different virtual spaces, owning and trading things like they do in the real world or traveling to distant parts of the world without leaving the couch. Although just a concept, if the metaverse did become a reality, it could have the potential to transform society and the industry as a whole. Some believe that with the metaverse, participants can be a part of a better version of the world …

Crypto leaders are divided over whether Mark Zuckerberg should lead Facebook into the Metaverse, with Hodl Asset’s Jenny Ta saying he needs to resign if Meta is to succeed while Animoca’s Yat Siu says Zuck is the only one who can drive the company forward. Ta is the Chief Operating Officer (COO) of nonfungible token (NFT) platform developer Hodl Assets, and said that Zuckerberg needs to head off lawsuits and protect the company’s image by relinquishing his role as CEO. But the co-founder and Chairman of blockchain game and virtual property developer Animoca Brands, Yat Su said that Zuck is …

Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement: “Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and have built a world-class team to support their vision. We’re thrilled to partner with them to bring NFT gaming to an even larger stage.” Other investors …

Play-to-earn has become a popular concept in the gaming industry, with the emergence of blockchain technology taking traditional gaming to the next level. However, with so many players entering the market, these platforms are set for significant competition in the long run if they cannot bring anything above and beyond the model itself. Aloha DeFi aims to take the play-to-earn model to the next level by merging it with the concept of learn-to-earn to give participants numerous earning opportunities. Aloha began its journey as a WiFi-sharing platform focused on providing passive income opportunities to users. In practice, the platform allowed …

RTFKT Studios, pronounced artifact, has announced a collaborative partnership with software developer Daz 3D to leverage their technology to create immersive, three-dimensional avatars for their upcoming nonfungible token, or NFT, release, CloneX. Founded by Chris Le, Benoit Pagotto and Steven Vasilev, RTKFT have emerged at the forefront of next-generation sneaker culture, intertwining burgeoning technologies of augmented reality, nonfungible tokens and blockchain authentication, amongst others, to form their NFT sneaker brand. RTKFT's latest venture, a pfp avatar project, will utilize Daz 3D’s PFP Utility Kit to expand the possibilities for the avatars across a multitude of settings including gaming, videos, social …