Cointelegraph was on the ground for NFT NYC, event taking place a couple of hundred feet from Times Square dedicated to non-fungible tokens. While most of the companies at NFT NYC are early-stage startups still looking for their users, two attending organizations have hundreds of millions of fans around the world. Adrienne O'Keeffe, associate vice president of partnerships at the NBA, and Sophie Gage, counsel at the NFL Player’s Association, joined a panel to discuss the value of blockchain technology for big brands. Cointelegraph scored an exclusive interview after their public discussion. NFTs will create greater fan engagement “This is …

Cointelegraph was on the ground at Non-Fungible Token New York City Event to observe the latest and greatest in NFT. Of the many projects and companies in attendance, we caught up with OpenSea co-founder Alex Atallah to learn what his company is all about. OpenSea is a “marketplace for digital goods, including collectibles, gaming items, digital art, and other digital assets that are backed by a blockchain like Ethereum,” Atallah explained. The whole space has roots in CryptoKitties, but it has grown exponentially since. Now, some of the biggest VCs are eager to invest in it. Formula 1 car for …

A new initiative aims to make game creation and creative projects on the blockchain simpler for a wider community. Today, Feb. 18, blockchain startup Enjin launched its gaming and digital collectibles creation platform on the Ethereum mainnet. Platforms such as Enjin’s consider that the blockchain can and should be used for purposes beyond currency and value transfer. Commodities such as video games, digital art and even memes can be tokenized and monetized, circulating in a peer-to-peer community using blockchain technology. For this kind of ecosystem, a unique but tradeable blockchain asset — known as a non-fungible token — can be …

A large part of the economy will always remain dependent on gamers. Whether it was parents throwing down $200 for a Nintendo Entertainment System back in the 1980s or millions enticed by freemium models, people around the world are drawn in by addictively fun games. Blockchain-based games like The Sandbox (TSB) are fulfilling these needs for a new generation of users, and Ethereum has been quick to capitalize on its success. The first presale of TSB was in Dec. 2019, which sold more than 3000 pieces of LAND — virtual spaces in the game — in four hours. Sandbox announced …

Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, however, new games backed by different technologies are starting to emerge. So, what does 2020 hold for crypto games? Tokens that cannot be changed There are a lot of fungible tokens that the crypto community uses every day, like Monero (XMR) and so on. An …

The Internal Revenue Service (IRS) removed wording on its website that put game currencies as examples of a convertible virtual currency. This clarification is important as a new tax filing requirement obliges taxpayers to report whether they dealt with virtual currencies. The move was first reported by Bloomberg Tax on Feb. 13. Official guidelines on the IRS website indicated Fortnite’s V-bucks and Roblox’s Robux as examples of virtual currencies. A screenshot captured by Bloomberg Tax shows a fairly detailed explanation of the concept, even mentioning blockchain alternatives such as the Directed Acyclic Graph (DAG). Source: Bloomberg Tax Poor examples of …

After CryptoKitties proved to be successful in the mainstream limelight in 2017, a surge of digital collectibles built on blockchain technology ensued. This rising trend made it pretty clear that blockchain and gaming make a perfect match. While blockchain technology provides a reliable reward system for players to collect digital collectibles making the game worthwhile, the gamification process, on the other hand, creates a friendly environment for learning and mass adoption. When it comes to crypto games, Japan leads the pack with an estimated net worth of over $40 billion. In addition, expert blockchain researchers have predicted that with increasing …

The nonfungible token market is one of the most exciting spaces in crypto right now. Significant investments are being made on nonfungible tokens as people diversify their decentralized portfolios in the hope that this promising market continues to grow. As we begin 2020, let’s take a look at five of the most expensive NFTs sold last year. 5. Gods Unchained — Atlas ID #8840817 Price: 210 ETH (approximately $31,500) Date: Dec. 5, 2019 Gods Unchained is a competitive card game on the Ethereum blockchain and is similar to the popular mainstream title, Hearthstone. The most significant difference between the two …

As Bitcoin enters its twelfth year, the past eleven offer a meaningful amount of time to identify key trends that have emerged around cryptocurrencies and blockchain technology. These trends provide insights that are helpful in projecting the future of the digital asset space and how it will take shape over the next decade. In reflecting on the history of cryptocurrencies over their lifetime, there’s one pattern that immediately jumps out. Each successive wave of interest in the cryptocurrency space has been galvanized by new developments in the ecosystem. In particular, two significant catalysts were the rise of crypto exchanges and …

It’s already well-theorized that it’s not cryptocurrency or decentralized finance apps, but gaming that will actually drive blockchain use cases in the real world. While this has moved many smaller development companies and hobbyist programmers to release their own blockchain-driven games, distributed ledger technology’s reception among mainstay gaming companies has so far largely been neutral. A new partnership between old players But that’s about to change in the wake of Ubisoft’s partnership with Ultra, a DLT-driven gaming platform that might be fairly described as Steam on the blockchain. Users can earn digital currency, buy games, and resell them. Ubisoft is …

A Redditor has introduced a new Bitcoin (BTC) video game as a holiday gift to the crypto community. Shared on Dec. 24 on Reddit, the new “Satoshi vs. the Shills” Bitcoin game is a survival shooter game featuring Bitcoin’s anonymous creator Satoshi Nakamoto as the main character. The arcade game is available on the Google Play store for Android. Big Hands, the developer of the game, has not yet specified to Cointelegraph whether its team is planning to roll out the game on iOS or other platforms as of press time. This article will be updated if new comments come …

A whole new exciting world of value is being coded into life right now by gamers. While it may be a far cry from the lofty ideals of banking the unbanked and taking down the global banking system, gaming is gearing up to be a massive force in the crypto space. Addictively fun games will draw a whole new base of users into the crypto economy. Gamers are an excellent target market for adoption because many gamers are a touch more tech savvy than the average internet user and tend to be a bit more open to new ideas. Just …