The German Football Association (DFB) has officially announced the debut of national soccer team nonfungible tokens (NFTs) in partnership with a major blockchain-based fantasy soccer game provider Sorare. As part of an official license agreement, the DFB will create digital collectible cards on the Ethereum blockchain of 18 players on the German national team through Sorare’s platform. According to an announcement from Sorare, the cards will be available for use in Sorare’s Global Fantasy Football game for the Euro 2020 soccer championship. By issuing player NFT cards on Sorare’s platform, the DFB aims to find new revenue streams as well …

A virtual plot of real estate situated within the Ethereum-based open-world game, Decentraland, has sold for more than $913,000 — valuing the intangible property on par with the average price of a real world house in Brooklyn, New York. Virtual real estate is sold in the form of nonfungible tokens (NFTs) dubbed LAND in Decentraland, with the digital plot being sold to virtual real estate-focussed investment firm, Republic Realm. The plot actually represents 259 parcels of digital land, with the transaction settling for 1,295,000 of Decentraland’s native MANA tokens — worth roughly $913,000 at the time of sale. On Twitter, …

Yield Guild Games, also known as YGG, has received the backing of several venture firms and angel investors as it embarks on a mission to expand its network and popularize the play-to-earn gaming model. The $4 million cash injection will be used to invest in nonfungible token, or NFT, assets of play-to-earn games, the company announced Wednesday. YGG describes itself as a decentralized gaming guild of players who generate yield from NFT-based games. Gabby Dizon, YGG’s co-founder, further explained the rationale behind the guild: “At its core, YGG is a community of play-to-earn gamers. Think of it as a massively …

Los Angeles-based NFT games developer Mythical Games announced a $75 million Series B financing with new and existing investors. The company plans to use the fund to popularize ownership in games through playable nonfungible tokens (NFTs). The funding round was led by WestCap Group. Other participants include 01 Advisors, Gary Vaynerchuk’s VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures and Struck Capital. The game developer studio raised a total of $120 million so far. Mythical Games is working on blockchain-based games, specifically games that use playable NFTs. The company is led by its CEO John Linden, who was the president …

The community behind Guild of Guardians, an NFT-based role-playing game, appears to be enthusiastic about the forthcoming title after they snatched up nearly all of the NFTs that were part of the so-called founder’s sale. Since going live earlier this week, Guild of Guardians’ NFT sale has raised over $3 million, the company announced Wednesday. The title raised $2 million in the first hour of the founder’s sale and $2.8 million in the span of 24 hours. The sale featured a collection of playable in-game NFTs ranging from $200 to $100,000 in value. The NFTs will become playable once Guild …

Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus unveiled the drop of Doge-based NFTs dubbed “Capped Dogecoin” which he described as “Much cap, very deflation, many tokenomics. Many Available.” Capped Dogecoin - Much cap, very deflation, many tokenomics. Many available! - Tier 1 is available on Rariable, 420 issued: https://t.co/00wSCeciCB - Tier 2 is also on Rariable, 3 issued (already sold out) - Tier 3 is up for auction on @withFND, …

An all-in-one DeFi platform says it delivers everything that crypto enthusiasts need — including lending services, staking, a fiat on-ramp, remittances and seamless payments. BitCashPay is registered with the Philippines Securities and Exchange Commission, and also intends to acquire a license from the country’s central bank. Whereas some decentralized finance projects offer little in the way of support for newcomers into the space, BitCashPay says it is determined to serve as an educational resource that makes digital assets easier to understand. The platform has launched an academy that provides straightforward guides on a plethora of topics spanning cryptocurrencies and blockchain. …

Players of the decentralized real-time strategy game Dark Forest have introduced new and innovative ways of earning cryptocurrency within the virtual ecosystem. The play-to-earn plugin “Broadcast Market” was integrated into the game on May 31, according to a tweet by programmer Blaine Bublitz. The developer noted that Broadcast Market is the first plug-in featuring its own smart contract that is directly compatible with Dark Forest. This is the first plugin that has its own smart contract that talks directly to Dark Forest. It allows you to broadcast a planet to receive a reward or, if you are in need of …

An immersive blockchain game where players vie to collect Immortal Shards has announced the launch of play-to-earn elements — enabling devoted gamers to earn recognition for their skills and combat cred. HodlGod’s new feature means that an array of nonfungible tokens and raffle tickets will be dropped randomly in the middle of gameplay, emerging above a character’s head. However, collecting these NFTs isn’t enough… you need to survive until the end of the game in order for them to be truly yours. This approach is set to make playing HodlGod even more competitive than it was before — not least …

NFT-focussed game developer Animoca Brands has announced the completion of an $88,888,888 capital raise based on a valuation of $1 billion. The raise was announced on Thursday, with participants including Kingsway Capital, HashKey Fintech Investment Fund, RIT Capital Partners and Huobi. Up to 93.4 million newly issued shares in Animoca Brands will be distributed to the investors at a subscription price of $0.85 each. Animoca Brands co-founder and chairman Yat Siu noted that its strategic investors share the company’s “vision for NFTs redefining equity and property rights online.” Kingsway founder and CEO Manuel Stotz added: “The emergence of digital property …

Blockchain games are struggling to compete with traditional titles on consoles and smartphones, a crypto project has said. PlayDapp says big improvements are needed to ensure that blockchain-based games tackle problems that have long persisted in this multibillion-dollar industry — all while giving players an immersive experience that’s unlike anything they’ve seen before. Driven by team members who have decades of experience in gaming and IT, PlayDapp aims to ensure that in-game items can be traded on second-hand marketplaces with ease, and prized assets can easily be used across multiple games. This concept has already been put into practice. Nonfungible …

An Axie Infinity player from the Philippines bought two houses with his earnings from the popular crypto-powered play-to-earn game. Earlier this month, 22-year-old John Aaron Ramos, who plays under the pseudonym “Magnus TV,” took to social media to announce that he had purchased two houses in the Philippines from profits earned playing Axie Infinity. In the post, Ramos attributes the purchases to the surging price of Axie’s in-game token Smooth Love Potion (SLP), which rallied 940% from $0.035 on April 24 to more than $0.364 on May 2. SLP has since retraced 45% and last changed hands for roughly $0.20. …