Ethereum Based NFT Game, Axie Infinity, Raises $860,000 in Governance Token Sale

Top Ethereum-based crypto game Axie Infinity has raised $860,000 in its sale of AXS governance token.

The firm launched the AXS token officially this month on Uniswap and Binance. It was valued at $0.12 when it was first launched. But its current market price stands at $0.47, according to CoinGecko.

The fundraising was led by Delphi Digital and was necessary to make yield farming more simplistic. Other contributors to the funding include Sparg and Arca.

Axies’ are used like CryptoKitties, which are non-refundable tokens, symbolized by cryptographically distinguished cartoon characters that are almost difficult to find elsewhere. The NFT collectible creatures are rare, especially the Axie NFT, which was sold for 300 ETH ($1,300) this month.

Axie Infinity the only NFT project with over 10,000 users

Jeffrey Zirlin, the co-founder of Axie Infinity, commented on the achievement in an interview.

“We’ve overtaken CryptoKitties by quite a lot,” he said, adding that the company is the first Ethereum-based NFT project to cross the 10,000 level for monthly active users.

Based on information available on data site DappRader, Axie Infinity game currently maintains over 2,500 users per day, which makes it the most popular game on the Ethereum blockchain.

AXS token has been in development for two years

The AXS project may be coming when blockchain is taking center stage for the latest technology. But the Vietnam-based start, who also developed the Sky Mavis game, said the AXS token project began two years ago. According to Zirlin, the launch would have happened earlier, but the pandemic put a little hold on its development.

The scale of today’s governance token is coming amidst collaboration with Chainlink, announced a few days ago.

The announcement stated that Chainlink’s decentralized ETH/USD had been integrated into the game to make sure players always see the current price. The game also added Chainlink’s Verifiable Randomness Function (VRF) for more efficient in-game play involving breeding Axis.

Zirlin also said that the governance token’s primary goal is to bring everyone onboard by aligning their incentives. Core developers, content creators, and players can all have their aligned incentives, which the token will provide.

He also revealed that the tokens would have both fee-sharing features and governance functions, and the proceeds from such features will be sent to the Community Treasury.

Zirlin also confirmed the crypto gaming firm is about launching a new game mode, which will be available on the platform early next year. The game will feature an animal crossing-like setting, where the players can farm on virtual pieces of land to earn in-game tokens.

The play-to-earn approach is part of the game’s success.

Zirlin responded to questions about the game’s play-to-earn approach and said the process is one reason for its success.

According to him, players can spend time playing the Axie Infinity game to earn ERC-20 tokens, which is approximately $5 per hour.

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Author: Ali Raza

Dapper Labs NBA Top Shot Crypto Collectables Opens Beta to Public on Samsung Galaxy Store

Dapper Labs has opened the beta version of its non-fungible token (NFT) powered game, NBA Top Shot, to the public as per an announcement on October 1. The firm which focuses on building cryptokitties is looking to personalize the NBA experience by enabling fans to own ‘moments’ and derive value by selling them within a decentralized ecosystem. NBA Top Shot is built on the Flow blockchain and leverages the underlying utility of this ecosystem.

As the DeFi craze takes a break, hardcore futurists in the crypto space are already embarking on the NFT space. This line of development is probably the latest trend, although it is yet to gain momentum in mainstream crypto markets. NBA Top Shot is one of the upcoming projects in the NFT niche; the initiative had been in testing for a couple of months with around 17,000 users. During this time, the platform accumulated over $2 million in revenue from a record of 158,000 transactions.

Notably, the project is being developed in collaboration with the National Basket Association (NBA) and had attracted significant funding from some NBA stars. As the name suggests, NBA Top Shot fundamentals will be based on NBA games given that fans can only acquire NFTs based on players or moves made in the court.

The NBA Top Shot NFT Experience

While the project is set to launch to gameplay options soon, its current setup supports collecting and trading the multi-media ‘moments’ in NBA games. NBA Top Shot users will be able to collect moments and package them into short slick 3D animated clips which have an underlying NFT value. Some of the collectible ‘highlights’ in question include blocks, three-pointers, and dunks.

For instance, an NBA Top Shot user could collect a LeBron dunk and or Curry three-pointer and sell these moments for a greater value than zero. Currently, over 43,000 packs of NBA Top Shot NFTs have already been purchased with approximately 10,500 tokens traded over the testing period. One particular jewel whose price skyrocketed is the ‘Cosmic LeBron James dunk’; this token’s value hit a high of $5,200 at some point. Other moments are, however, at the single and double-digit pricing.

Despite rolling out as recent as May, NBA Top Shot is proving to be a prospectus project; its latest ‘premium pack’ launch sold out in minutes at an average price of $24. This platform also allows its users to make payments via credit cards and crypto, although the former compose a larger chunk of its clientele.

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Author: AnTy

Ethereum’s Sister Chain Is Getting Hot as Second-Largest Network Becomes a Whale Game

Ethereum’s Sister Chain Is Getting Hot as Second-Largest Network Becomes a Whale Game In the past month. The Ethereum fees have skyrocketed as DeFi protocols and ‘yield farming’ platforms gained extensive popularity. Just this week, the Ethereum network faced congestion of an extreme level never seen before.

On Wednesday, with the launch of the much-anticipated UNI governance token of Uniswap, the second-largest network saw a spike in daily transaction fees. The daily Ethereum’s average fees went as high as $11.61, marking the highest fee hike since the SUSHI saga earlier this month.

What this means is, the network has become almost impossible for small market participants to enjoy. Instead, it has become a whale game.

“While the smaller and less efficient market participants may be struggling, the larger firms that can capitalize on inefficiencies,” said Denis Vinokourov of Bequant.

This has brought the solutions like zk-Rollups and the sister chain of Ethereum xDai in the limelight.

True Defender of Ethereum’s Value Proposition

Gnosis, the prediction market firm, has already moved on to the Ethereum sidechain, xDai, which has been in operation for the last two years.

“To ensure high demand doesn’t mean low adoption, we’ve teamed up with xDai, an Ethereum sidechain designed for fast and inexpensive transactions, providing a developer-friendly environment that retains real-world economic incentives,” said Gnosis in its announcement about the partnership.

Just this week, data privacy and protection platform HOPR, P2P lending & marketplace EthicHub, Sablier, Ethereum-based privacy-focused multi-contract 0xMonero, prediction market Reality Cards, and The Commons Stack have joined Dai.

This proof-of-stake chain enables fast transactions for a minimal amount, just fractions of a penny. With stablecoin DAI as its core currency, the cost involved in these transactions is predictable and not highly volatile. In the case of xDai, users entrust their assets to a multi-sig controlled xDai bridge.

Being EVM compatible means any smart contract or Dapp deployed on Ethereum can also be deployed on xDai with minimal changes.

It is also planning to onboard a fiat-to-crypto option in the next quarter, which means one wouldn’t’ have to interact with Ether at all.

“Ethereum little sister xdaichain is getting hot. XDAI is the true defender of Ethereum’s value proposition before a fully functional ETH 2.0, can easily K.O stuff like BSC (sorry @cz_binance),” tweeted Dovey Wan, founding partner at Primitive Crypto.

ETH 2.0 takes the First Step Towards Launch

ETH 2.0, meanwhile is ready for its first step towards launch after core developer Danny Ryan submitted, a proposal for its critical phase.

Ethereum co-founder and the creator of Cardano meanwhile, found Gasper to be “insecure.” “Discovered a liveness attack on Gasper in the standard synchronous model where messages can be delayed arbitrarily by the adversary up to a known network delay bound….” he said.

Dubbed “Serenity Phase 0,” this proposal is responsible for bringing about the PoS consensus mechanism. The PoS chain called “Beacon Chain” will be built alongside the existing network.

However, it is just the first step of the 6-phase launch extending well into 2022, while Phase 1 is expected to be rolled out next year.

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Author: AnTy

Hackers Extorting Bitcoin from Stolen ‘Call of Duty: Warzone’ Accounts

Hackers are targeting the accounts of the popular online game Call of Duty: Warzone and demanding bitcoin as a ransom payment from the victims to return the account, reported Motherboard.

Several victims are also complaining that the publisher behind the game, Activision is unresponsive to their requests for help. One victim told Motherboard,

“I turned it on one day, and my account was logged out, and I couldn’t sign in with my credentials, so I made a new account because I could not get in contact with Activision support, which I’m so mad about.”

Some of the hacks are done through previously compromised passwords from other websites, which is a common technique as finding breached data online is rather trivial. With people using the same password on multiple devices, it becomes easy for the hackers to break into their accounts.

The Warzone accounts that are advertised with rare weapon skins are on sale for hundreds of dollars.

Skins are awarded on fulfilling certain challenges, which at times can be time-consuming. They can also be purchased with an in-game currency, which can be bought with real money.

Activision actually recorded an increase of $596 million in in-game spending earlier this year. A large chunk of this comes from this free version of Call of Duty: Modern Warfare, Warzone.

In this game, players fight among 150 other players to be the last team standing. All the progress is saved to the Activision account of the player, and losing the account means they no longer have their character, ranking, and items.

In one case, the hacker demanded $400 from the victim to prevent their data, including bank information and posted a bitcoin address.

This bitcoin address has received a total of 1.2 BTC, worth about $12,000.

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Author: AnTy

New Unaudited DeFi Project for ‘Degens’ is Here for Yield Farming

After Tendies, YFI, and YAM, it is time for Based Money — “game theory for degenerates.”

This week’s latest decentralized finance (DeFi) is Based Money, a massive multiplayer online game whose anonymous “Ghouls” founding team welcomes the users with:

“WE ARE LIVE. GET THE FUCK IN YOU DEGENERATES.”

In the case of this new DeFi project, you farm the BASED token, pump the price, and exit before the rules are changed.

“The BASED Protocol is a DeFi game of chicken designed to shake out weak hands and yield the highest gains for those who understand the rules,” reads the website.

In this protocol, there are no owners because the private keys are burned, and the contracts can’t be changed, making an “exit scam impossible.”

It’s all about Rebase

The project leverages Synthetix’s stablecoin sUSD for its stability, which means if the price difference between $sUSD and $BASED is more than 5% in either direction, a rebase is triggered.

Yet again, this protocol adjusts the supply of its token (rebases) every 24 hours in an attempt to target $1 peg.

However, the token is currently trading at $217.80 down from its all-time high of $1,393 earlier this week, as per CoinGecko.

There are no pre-mine or founder fees. Based on Ampleforth’s economic policy and YFI’s distribution mechanism, “the result is a post-modern economic game that continually resets.”

The difference between BASED and YAM or AMPL is that the rebase will only occur after 97% of the supply has been claimed.

As such, the real madness here begins only after 97% of the total 100,000 BASED, that will be issued across two pools, are distributed.

Already, nearly $30 million are locked in the contract.

This is to be Expected

These DeFi projects are “minimally viable monetary experiments,” as YAM Finance, that came and went in 48 hours, dubbed itself.

They are making crypto fun while being all about making money.

Now, creating these projects has been made even easier as Jordan Lyall of ConsenSys, who is DeFi Product Lead at ConsenSysCodefi, introduced “The Degenrator.”

This week, the market saw people pouring over $600 million in the unaudited project YAM Finance, which people might not have even understood completely. “YAM’s fall from grace was even quicker than its rise,” as after a bug was found in its rebase function; its token plunged over 99%.

But in a bull market, “things are known to get a bit insane,” wrote analyst Mati Greenspan in his daily newsletter Quantum Economics.

“When it comes to investing in this environment, the risk factor is through the roof, but all risk metrics and meters have long been broken, so we really need to approach all investments with extreme caution right now,” he said.

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Author: AnTy

Chainlink Collabs With Colorado State Lottery to Create Innovative Web3 Games

Chainlink has partnered with the State of Colorado for a hackathon to create a new lottery game. The new hackathon will involve $17,500 in prizes to three winners as well as $8,500 in Web3 bonus prizes, which will be sponsored by Chainlink.

The Colorado Lottery has designed a GameJam Hackathon, which will be open to individuals from across the globe.

According to the State of Colorado, the new innovative games will aim at collecting around $1 billion in revenue which will be used for land conservation, outdoor fund recreation as well as improving the state schools. The state lottery will also aim at enhancing responsible gaming.

Excited by such similar successful projects in other states like Wyoming, Jared Polis, the Colorado governor, stated that he is committed to ensuring that the Colorado government becomes an example to other states when it comes to technology space.

Polis explained that the Colorado government is committed to serving its populace through innovative technology better. He explained:

“Last year, we launched Colorado Digital Services to begin developing critical public-private technology relationships to position our state government as a tech leader, but more importantly, to better serve our population through technology.”

Sergey Nazarov, Chainlink’s co-founder, stated that his firm was excited to partner with such lotteries. He also added that he desires to see the blockchain technology move beyond the traditional token sphere.

Nazarov also expressed his gratitude for working with Colorado Lottery in helping developers to come up with non-fraud gaming apps. He added:

“I think this shows that smart contracts, blockchains, and oracles can be successfully composed to go beyond tokens and on-chain financial products (DeFi), into the many markets that need truly tamper-proof and highly reliable digital agreements.”

According to a press release, the opening ceremony is set for the evening of July 31. Some of the keynote speakers will be Vitalik Buterin and Governor Polis.

The press statement claims that the new lottery becomes the ‘first-ever public-private partnership and hackathon.’

Keep it here for more updates on how the lottery will use the blockchain technology going forward.

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Author: Joseph Kibe

2018 Pentagon War Game Distributes Bitcoin to ‘Worthy Recipients’ In Mid-2020’s Protest

A Pentagon war game from 2018 for Generation Z used the world’s leading digital currency Bitcoin to distribute funds to “worthy recipients,” reported The Intercept.

The Pentagon war game called the 2018 Join Land, Air, and Sea Strategic Special Program (JLASS) involves discontent Generation Z, those born after 1996, launch a “Zbellion” in America in the mid-2020s.

Zbellion plot, however, was just one of the parts of the war game. JLASS 2018 also featured Islamist militants in Africa, anti-capitalist extremists, and ISIS successors.

Conducted by students and faculty from the US military war colleges, the war game covers the future through early 2028. It intends “to reflect a plausible depiction of major trends and influences in the world regions,” reads over 200 pages long documents.

The Plot

According to the scenario, the 9/11 terrorist attacks and the Great Recession have influenced the attitudes of Gen Z. Having lived through these events as part of their childhood, they are least likely to believe in the “American Dream” and feel the “system is rigged” against them. Gen Z actually prefers person-to-person contact to online interaction.

In early 2025, the dissatisfied Zoomers launch a protest movement. A group known as Zbellion begins a “global cyber campaign to expose injustice and corruption and to support causes it deem[s] beneficial.”

Starting with Seattle, the movement first spread in the US; New York City, Washington, Los Angeles, and Austin; then all over the world — Europe, cities throughout Africa, Asia, and the Middle East.

Zbellion’s would-be members are ordered to siphon funds from corporations, financial institutions, and nonprofits that support “the establishment” through sophisticated malware accessed on the dark web.

The gains are then converted to bitcoin and distributed to “worthy recipients” including the members who claim financial need. This wealth distribution is assured by the Zbellion leadership to be untraceable by law enforcement. It is also “ultimately justifiable,” because targets are selected based on the “secure polling” of “network delegates.”

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Author: AnTy

Cryptojacking Rumors Force Nintendo Switch Game To Be Pulled After Launch

Rumors that the Nintendo Switch game Cooking Mama: Cookstar has had running cryptojacking malware in secret have appeared over this weekend.

While developers denied this had happened, Nintendo still pulled the game from the eShop. It was a Reddit post that said Cooking Mama is mining crypto in secrecy, whereas some other players mentioned their Switch heated up pretty badly and ran low on battery very fast while playing the game. Hours after the claims, Cooking Mama was pulled from Nintendo’s online store and the Reddit mods have been since removed.

Game’s Developer Vehemently Denies the Rumors

1st Playable, the game’s developer said:

“As the developers we can say with certainty there is no cryptocurrency or data collection or blockchain or anything else shady in the code. The Nintendo Switch is a very safe platform, with none of the data and privacy issues associated with some mobile and PC games.”

Ever since launched in 2016, the Cooking Mama franchise has included many titles, being available on both Nintendo and iOS. There has clearly been a problem with the game, seeing that it was removed from the eShop right after the crypto malware rumors.

Cryptojacking Is More and More Common

Crypto mining malware is a more common and very worrying matter. It’s done mostly on websites, as here it engages background mining secretly, while visitors are spending their time navigating the sites’ pages. There are also more sophisticated versions that install themselves in toolbars and on apps, mining the victims’ devices for an indefinite period of time. Therefore, it’s not surprising that video game consoles have been attacked as well.

A Solution Would be to Allow the Mining to Take Place

Being very difficult to prevent, cryptojacking has been suggested by some crypto enthusiasts to become legal by making restricted media content available to people in return for limited mining, something that could work very well with video games too. Since this practice is far from being implemented yet, the best way to fight cryptojacking at the moment is to be vigilant.

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Author: Oana Ularu

Enjin’s Blockchain Game Development Platform Launches on Ethereum

Enjin has just made the announcement of an Ethereum game development platform’s launch, platform that will enable developers from all over the world to incorporate crypto assets into apps and games without having the knowledge on how to write blockchain code.

The news was released on Tuesday and it says that game engineers will be able to benefit from what decentralized inventory has to offer, from integrating both gaming and non-gaming assets based on blockchain and from managing economic mechanics when it comes to the game play. Here’s what Maxim Blagov, Enjin’s CEO, said in a press release about the platform:

“Our platform is designed to integrate seamlessly into new and existing games alike, providing a competitive edge to studios of all sizes and across all genres.”

The ERC-1155 Token Standard Supported

The Enjin Platform is comprised of many services and tools based on supporting Ethereum’s ERC-1155 token standard web interface that developers may use in order to integrate non-fungible (NFTs) and fungible tokens in a smart contract. NFTs are used for crypto collectibles and most known for having some rare aspects. They use the Enjin coin (ENJ) to back the in-game assets’ value.

Over 2,500 Projects Already Created

According to Enjin, over 2,500 projects that use ERC-1155 have been created on the Enjin Platform’s testnet version. The standard technology is the same with the one used by the Microsoft’s blockchain-based Azure Heroes contributor program for rewards.

Enjin has more planned and it has confirmed the public release in Q2 2020 of the Godot blockchain software development kit (SDK), its well-known open source game engine. Here’s what Witek Radomski, Enjin’s CTO had to say about what managing blockchain assets at his company means:

“For the last 12 years, minting, deploying and managing blockchain assets has been a challenging process that required specialized knowledge, but this all changes today.”

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Author: Oana Ularu

Assassin’s Creed Game Dev Ubisoft Joins Ultra As Block Producer On EOSIO Sister Branch UOS

The game developer behind the Assassin’s Creed franchise, Ubisoft, has recently partnered with an EOS-based platform called Ultra, which is focused on game distribution.

Ubisoft is a major corporation when it comes to games. Estimates point out that its revenue is as large as $2.5 billion. Its Assassin’s Creed series alone sold more than 140 million copies.

According to the press release by Crunchbase, the game developer will now act as a block producer for the testnet of Ultra’s sidechain, which will be known as UOS. By being a network validator, Ubisoft will approve transactions made on the sidechain. These transactions will include ones made for the creation of new assets and their ownership transfers.

Nicolas Poulard, known as the director of blockchain technology at the game development company, believes that supporting blockchain in games is a necessity for the area to grow. He also affirmed that Ubisoft hopes to help Ultra in finding more possibilities in the industry and bringing the project to a much larger scale.

Ultra has also announced other block producers before Ubisoft. They include the crypto exchange Bitfinex, and two EOS communities: EOS Rio and EOS New York.

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Author: Gabriel Machado