German soccer club FC Bayern Munich, which plays in the country’s Bundesliga, is entering the world of blockchain-based fantasy soccer. The Ethereum blockchain-based fantasy soccer game Sorare, which Bayern joined this week, already counts over 100 participant clubs, including high-profile names such as Paris Saint-German, Juventus, PSG, and Atletico Madrid. FC Bayern Munich is itself no stranger to collaborations with blockchain projects, having partnered last fall with Stryking Entertainment to produce digital collectibles of its players. These cards are both collectible and playable as part of a fantasy-league style challenge. In announcing its Sorare deal to fans, FC Bayern Munich …

While a rally in the latter half of the week saw major names across the decentralized finance (DeFi) ecosystem climb upwards of 100%, Axie Infinity — the Pokemon-inspired NFT game — carried the banner for the NFT space, capping off a wild week of progress with a record-breaking 300 ether (roughly $130,000) sale. The eye-poppingly expensive Axie -- the NFT-backed critters used to play and battle in the Axie Infinity game — is named Angel, and is one of 19 “triple mystic” Axies currently in existence. Angel was sold on Friday on Axie NFT marketplace, where it was then almost …

Blockchain gaming firm Animoca Brands has announced a licensing agreement with electric single-seater car racing championship Formula E to develop a blockchain-powered motorsports game featuring non-fungible tokens (NFTs). The Formula E game will utilize Animoca’s REVV utility token as an in-game currency. REVV is also used as an in-game currency for Animoca’s F1 Delta Time title, and upcoming MotoGP game. Formula E was conceived in 2011 by Jean Todt of the Federation Internationale de l'Automobile (FIA) and made its global debut in Beijing during 2014. The organization now holds 14 races in 12 cities across five continents each season, with …

Natus Vincere, a Ukrainian multi-game organization, has announced plans to launch a fan token on blockchain-based platform Socios. According to a Nov. 4 announcement, the token will enable a number of new fan engagement opportunities, including the right to vote in polls as well as the chance to earn unique rewards linked to the organization. The maximum supply of fan tokens will be capped at 5 million coins, with a limited number of tokens available at a fixed price of $1. An initial flash sale is expected to take place in the coming months, Socios said. Following the flash sale, …

Nonfungible tokens are not a new phenomenon in the crypto space, as the emergence of blockchain technology has provided a useful base layer to create a sprawling economy for digital collectibles. Amid the growing appetite for digital art, in-game utility tokens and other forms of crypto collectibles, the NFT metaverse is experiencing a surge toward broad-based commercialization. Within the ecosystem lie numerous intersections among various industries such as arts and crafts, gaming, and virtual real estate. The 2020 decentralized finance hype has also helped to add more fuel to the NFT fire. Governance tokens and liquidity mining protocols appear to …

The Pokemon-inspired Axie Infinity has grown to become the number one nonfungible token, or NFT, game on the Ethereum blockchain, with over 7,000 on-chain active monthly users. This week saw the launch of its $2.97 million Axie Infinity Shards (AXS) governance token sale on Binance Launchpad, so Cointelegraph got deep down and dirty with the game to see what all the fuss was about. Picking your Alpha Axies To get started you need at least three Axies. These are the creatures that you will collect and use in PvE (player versus environment) and PvP (player versus player) battles when playing …

Chainlink’s verifiable randomness function, or VRF, has made its way to the Ethereum (ETH) main net. VRF will provide a decentralized source of randomness for the project's decentralized ecosystem. A trusted source of randomness is essential for many applications, such as those in the gambling and gaming industries. Chainlink’s co-founder Sergey Nazarov told Cointelegraph that many blockchains beyond Ethereum, such as the gaming-focused Matic Network, are interested in deploying the project’s VRF: “I know that we have anywhere between 10 and 20 users announced as already using it from the time it was in testnet only. And I know a …

A decentralized protocol that aims to modernize the sharing economy has released the first phase of an “exciting use case” focused on esports. TimeCoinProtocol says eSportStars is a decentralized application that’s designed to offer something for everyone in this bustling market, which is estimated to have 500 million players around the world. The DApp aims to unite professionals, fans, and players who aspire to make a career out of esports in the future. Users can host tournaments where professional players and fans can compete against one another. A marketplace also means that sellers can offer lessons on improving gaming skills …

A high-profile gamer is joining SBI Holdings’ gaming arm, signing a contract to receive his salary in major cryptocurrency XRP. Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros. Ultimate, or SSBU, has signed a contract with SBI e-Sports, the gaming arm of Japanese financial giant SBI Holdings. Ken is also considered to be the world’s best Sonic player. According to an official announcement posted by SBI on Oct. 15, Ken will now be part of SBI e-Sports’ newly established SSBU division. The player will receive his annual salary in XRP instead of Japanese yen …

Zenit St. Petersburg — the top soccer club in Russia’s Premier League — has signed on to the Ethereum blockchain-based fantasy soccer Sorare platform. As of Oct. 15, Zenit players will be released as collectible and tradeable digital cards within the blockchain-based game, joining 100 other international soccer clubs, among them Juventus, PSG, Atletico Madrid and Paris Saint-Germain. Blockchain player cards can be exchanged with other managers, and gamers can play games as soon as they have a minimum of five digital cards. The score of each player card is tied to their real-life performances in soccer league tables. Sorare …

Coincheck, one of the largest cryptocurrency exchanges in Japan, is expanding its push into non-fungible tokens, or NFTs, with a new partnership with the developer of CryptoKitties. According to an Oct. 6 announcement, Coincheck has partnered with Dapper Labs, which developed one of the world’s most popular decentralized applications launched on the Ethereum blockchain. Coincheck said that the new partnership will bring NFTs to a mainstream Japanese audience by providing exposure to millions of its users. Coincheck plans to integrate the CryptoKitties app into its upcoming NFT marketplace. The exchange is also considering implementing the Dapper Labs-founded Flow blockchain, which …

By far the biggest benefit of blockchain gaming being pushed by developers and publishers is the creation of the nonfungible token, or NFT. This technology allows in-game items, from a mystical sword of plenty to that level-99 mage you've been grinding, to be represented on the blockchain and freely traded with other players. NFTs give players who don't want to put in the hundreds of hours that it has taken you to buff said mage to level 99 a quick and easy route to progress to the later stages of the game. In some ways, this is similar to the …